Cochin Minerals & Rutile Ltd Stock Analysis

BSE: 513353 | NSE: | Chemicals | Small Cap

BSE Share Price 27-Jan-2023 18:01
290.20 -4.05 (-1.38%)

DeciZen - Make an Informed Decision on Cochin Minerals&Ruti

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Cochin Minerals&Ruti Price Chart

P/E Ratio ( SA) :
6.59
Market Cap :
227.2 Cr.
52-wk low :
92.1
52-wk high :
340
Bole Toh?

1. Is Cochin Minerals & Rutile Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cochin Minerals & Rutile Ltd is a below average quality company.

2. Is Cochin Minerals & Rutile Ltd undervalued or overvalued?

The key valuation ratios of Cochin Minerals & Rutile Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Cochin Minerals & Rutile Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Cochin Minerals & Rutile Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cochin Minerals&Ruti:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cochin Minerals & Rutile Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 41.1%-1.4%-10.4%-6.6%-0.7%5.6%7.8%8.4%11.1%8.1%-
Value Creation Index 1.9-1.1-1.7-1.5-1.1-0.6-0.5-0.4-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 198131116158149164223263239290382
YoY Gr. Rt. %--33.8%-11.8%36.5%-5.8%10.1%36.3%17.8%-9.2%21.2%-
Adj EPS 55.5-6-27.7-16.8-7.51.45.57.310.68.844.1
YoY Gr. Rt. %--110.9%NANANANA292.9%33.5%44%-16.4%-
BVPS (₹) 146.2140.1110.292.385.786.693.698.7109116.9149.5
Adj Net Profit 43.4-4.7-21.7-13.1-5.81.14.35.88.36.934
Cash Flow from Ops. -14.1-11.1-3.45.812.68.712.636.1-9.17.9-
Debt/CF from Ops. -0.6-5.7-158.93.74.430-10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%14.2%9.1%21.2%
Adj EPS -18.5%NA17.1%-16.4%
BVPS -2.56.47.77.2
Share Price 0.3% 11% 25.6% 123.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 44.6-4.2-22.1-16.6-8.41.66.17.610.27.833.1
Op. Profit Mgn % 34.6-0.1-18.5-7.5-0.25.578.48.63.511.4
Net Profit Mgn % 21.9-3.6-18.7-8.3-3.90.71.92.23.52.49
Debt to Equity 0.10.60.60.70.70.60.500.100
Working Cap Days 141294362237198183158136137122179
Cash Conv. Cycle 892172511401081037120222160

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 33.10%

Net Profit is growing at healthy rate in last 3 years 17.14%

Sales growth is good in last 4 quarters at 81.53%

Sales growth has been subdued in last 3 years 9.05%

Latest Financials - Cochin Minerals & Rutile Ltd.

Standalone Consolidated
TTM EPS (₹) 44.1 -
TTM Sales (₹ Cr.) 382 -
BVPS (₹.) 149.5 -
Reserves (₹ Cr.) 109 -
P/BV 1.94 -
PE 6.59 -
From the Market
52 Week Low / High (₹) 92.05 / 340.00
All Time Low / High (₹) 2.00 / 347.50
Market Cap (₹ Cr.) 227
Equity (₹ Cr.) 7.8
Face Value (₹) 10
Industry PE 29.9

Management X-Ray of Cochin Minerals&Ruti :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Cochin Minerals&Ruti

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Cochin Minerals & Rutile Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cochin Minerals&Ruti on 27-Jan-2023 18:01 is : 290.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Jan-2023 18:01 the market cap of Cochin Minerals&Ruti stood at ₹ 227.2.
The latest PE ratio of Cochin Minerals&Ruti as of 27-Jan-2023 18:01 is 6.59.
The latest PB ratio of Cochin Minerals&Ruti as of 27-Jan-2023 18:01 is 1.94
The 52-week high of Cochin Minerals&Ruti is ₹ 340.0 and the 52-week low is ₹ 92.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Cochin Minerals&Ruti is ₹ 382.1 ( Cr.) .

About Cochin Minerals & Rutile Ltd

Cochin Minerals & Rutile (CMRL) manufactures the best quality Synthetic Rutile across the world. CMRL is India's largest manufacturer of Aqua Ferric Chloride, which conforms to all major international standards.  

CMRL's plant is ideally located at Edayar Industrial Development area, hardly 15 kilometer’s from Cochin Port and 100 kilometer’s from the Ilmenite deposits.

The company started production with a modest capacity of 10,000 tonnes per annum (TPA) of Synthetic Rutile and 12,500 TPA of Ferric Chloride. Subsequent through innovations and debottle-necking, the company enhanced its production capacity of Synthetic Rutile to 36,000 TPA, Ferric Chloride to 15,000 TPA and Ferrous Chloride to 18,000 TPA.   

Steady Research and Development efforts helped CMRL to retain its leadership in quality. It is the policy of the company to continuously improve the product quality to the total satisfaction of the customers by the contribution of skills, talents and innovation of its employees.

Objectives of CMRL:

  • To give prime importance to customer requirements and satisfaction
  • Focusing on result oriented work culture
  • Continuous improvement of product and process
  • Conformance to documented quality system
  • Employee Development

Products :

a) Beneficiated Ilmenite (Synthetic Rutile)  --  Uses of this product are:

  • Flux component in Welding Electrodes
  • Feed stock for Titanium Sponge
  • Ingredients of Special Abrasives

b) Ferric Chloride -- Used in:

  • In Desalination plants
  • In water and sewage treatment
  • In etching Printed Circuit Boards
  • In the manufacture of several iron compounds
  • In the pharmaceutical preparations
  • In inks and pigments
  • In pickling of stainless steel and high nickel alloys
  • In textile mordanting
  • In the petrochemical Industry - ETP Treatment

c) Ferrous Chloride – Some of the uses of Ferrous Chloride are:

  • For treatment of effluent from paper mill to reduce colour, COD, BOD and AOX
  • Cost effective solution for lignin separation from black liquor generated in paper mill.
  • It is the best reagent to reduce Hexavalent Chromium to Trivalent and make it insoluble in wate 

Achievements:

The quality management system of CMRL is ISO 9001:2000 certified by Bureau Veritas and accredited by UKAS (UK), ANAB (USA) and NABCB (India).

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