Cochin Minerals & Rutile Ltd - Stock Valuation and Financial Performance

BSE: 513353 | NSE: | Chemicals | Small Cap

Cochin Minerals&Ruti Share Price

269.20 -2.35 -0.87%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Cochin Minerals&Ruti

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

1. Quality

2. Valuation

Fair

3. Price Trend

Cochin Minerals & Rutile stock performance -

mw4me loader
P/E Ratio (SA):
7.39
Market Cap:
210.8 Cr.
52-wk low:
215
52-wk high:
405

Is Cochin Minerals & Rutile Ltd an attractive stock to invest in?

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 Weak which suggest that the price of Cochin Minerals & Rutile Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -1.4%-10.4%-6.6%-0.7%5.6%7.8%8.4%11.1%8.1%50%-
Value Creation
Index
-1.1-1.7-1.5-1.1-0.6-0.5-0.4-0.2-0.42.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 131116158149164223263239290444307
Sales YoY Gr.--11.8%36.5%-5.8%10.1%36.3%17.8%-9.2%21.2%53.2%-
Adj EPS -6-27.7-16.8-7.51.45.57.310.68.875.936.4
YoY Gr.-NANANANA292.9%33.5%44%-16.4%758.4%-
BVPS (₹) 140.1110.292.385.786.693.698.7109116.9186.9198.9
Adj Net
Profit
-4.7-21.7-13.1-5.81.14.35.88.36.959.429
Cash Flow from Ops. -11.1-3.45.812.68.712.636.1-9.17.9-3.8-
Debt/CF from Ops. -5.7-158.93.74.430-10-1.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.5%22%19%53.2%
Adj EPS NA122.2%117.8%758.4%
BVPS3.3%16.6%23.7%59.8%
Share Price 10% 7.6% 32.2% 1.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-4.2-22.1-16.6-8.41.66.17.610.27.85018.9
Op. Profit
Mgn %
-0.1-18.5-7.5-0.25.578.48.63.517.313
Net Profit
Mgn %
-3.6-18.7-8.3-3.90.71.92.23.52.413.49.3
Debt to
Equity
0.60.60.70.70.60.500.100-
Working Cap
Days
29436223719818315813613712292134
Cash Conv.
Cycle
21725114010810371202221973

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.02%

Net Profit is growing at healthy rate in last 3 years 117.84%

Return on Equity has declined versus last 3 years average to 18.90%

Sales growth is not so good in last 4 quarters at -19.80%

Latest Financials - Cochin Minerals & Rutile Ltd.

Standalone Consolidated
TTM EPS (₹) 36.4 -
TTM Sales (₹ Cr.) 307 -
BVPS (₹.) 198.9 -
Reserves (₹ Cr.) 148 -
P/BV 1.35 -
PE 7.39 -
From the Market
52 Week Low / High (₹) 215.00 / 405.00
All Time Low / High (₹) 2.00 / 405.00
Market Cap (₹ Cr.) 211
Equity (₹ Cr.) 7.8
Face Value (₹) 10
Industry PE 47

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales131116158149164223263239290444
Operating Expenses 131137171149155208241219281372
Manufacturing Costs36425325283132324147
Material Costs6970897466116140114162219
Employee Cost 13151619201923212232
Other Costs 13111331404245525574
Operating Profit 0-21-1309162220972
Operating Profit Margin (%) -0.1%-18.5%-8.4%-0.3%5.5%7.0%8.4%8.5%3.1%16.3%
Other Income 1001121004
Interest 4867763212
Depreciation 2421111111
Exceptional Items 0000000000
Profit Before Tax -5-33-21-82112018873
Tax -1-11-7-2161410117
Profit After Tax -4-22-14-61568656
PAT Margin (%) -3.0%-18.6%-8.9%-3.8%0.8%2.4%2.3%3.4%2.1%12.7%
Adjusted EPS (₹)-5.0-27.5-17.9-7.31.77.07.710.47.972.1
Dividend Payout Ratio (%)-20%0%0%0%0%0%26%0%19%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1108672676873778592146
Share Capital 8888888888
Reserves 1027864596065697884138
Minority Interest0000000000
Debt5645464133330705
Long Term Debt26211510500003
Short Term Debt3025313028330702
Trade Payables23263212303671168013
Others Liabilities 10-3-10-127-3-28731
Total Liabilities 199154140108138139146116178194

Fixed Assets

Gross Block66697072707074757576
Accumulated Depreciation46525455555656575859
Net Fixed Assets20171617141418181717
CWIP 9101010995555
Investments 14141414141414141414
Inventories93867542697164265137
Trade Receivables18128814716263024
Cash Equivalents 3044218712550
Others Assets16121415171623263647
Total Assets 199154140108138139146116178194

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -11-361391336-98-4
PBT -5-33-21-82112018873
Adjustment 61287652210
Changes in Working Capital -121819130-129-272-65
Tax Paid 00000-3-15-2-3-12
Cash Flow From Investing Activity -6-4-1-14-3-1-101
Capex -4-4-1-320-1-100
Net Investments 0000000000
Others -20022-30002
Cash Flow From Financing Activity 36-19-5-12-13-5-367-92
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 23-6-5-5000000
Interest Paid -4-8-6-6-6-5-2-10-1
Dividend Paid -9-10000-200-1
Others 27-560-7-1-339-95
Net Cash Flow 19-270004-1-2-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-3.46-21.95-17.71-8.221.987.757.959.977.0247.45
ROCE (%)-0.84-16.08-11.43-0.718.5115.7224.322.699.0861.98
Asset Turnover Ratio0.790.671.081.21.331.611.851.831.972.38
PAT to CFO Conversion(x)N/AN/AN/AN/A92.66-1.131.33-0.07
Working Capital Days
Receivable Days26462420251716323522
Inventory Days23227418514312311493684836
Payable Days7112811810911610513913810877

Cochin Minerals & Rutile Ltd Stock 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 28-Mar-2024 16:01 is ₹269.2.
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 28-Mar-2024 16:01 the market cap of Cochin Minerals&Ruti stood at ₹210.8.
The latest P/E ratio of Cochin Minerals&Ruti as of 28-Mar-2024 16:01 is 7.39.
The latest P/B ratio of Cochin Minerals&Ruti as of 28-Mar-2024 16:01 is 1.35.
The 52-week high of Cochin Minerals&Ruti is ₹405.0 and the 52-week low is ₹215.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cochin Minerals&Ruti is ₹307.4 ( 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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