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Cochin Malabar Estates & Industries Ltd. Stock Analysis

Small Cap
Evaluated by 41 users | BSE: 508571 | NSE: |
Rubber Products
Cochin Malabar Estates & Industries Limited was incorporated on March 14, 1930 and has been carrying on the business of rubber and tea plantations in the State of Kerala and Karnataka. The company is basically a plantation company with 3 Rubber Estates in Kerala admeasuring 5225 acres. The...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 8.59%11.1%14.58%-5.02%720.22%-311.65%-27.49%-77.35%-29.16%-29.97%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 18.620.4240000000
Y-o-Y Gr. Rt.-10%17.2%-100%NANANANANANA
Adjusted EPS (Rs.) 11.9119.3930.14-20.1718.81-10.13-1.29-2.79-1.64-2.23
Y-o-Y Gr. Rt.-62.8%55.4%-166.9%NA-153.9%NANANANA
Book Value per Share (Rs.) -117.68-98.52-68.66-227.572.341.740.46-2.14-3.78-6.01
Adjusted Net Profit 2.13.45.3-3.63.3-1.8-0.2-0.5-0.3-0.4
Net Op. Cash Flow (Rs. Cr.) 3.4-2.314.12.7-17.3-3.2-0.1-0.2-0.5-0.2
Debt to Cash Flow from Ops 4.7-9.480.758.830-0.11-5.13-4.28-2.89-10.58
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cochin Malabar Estates & Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%NANANA
Adjusted EPS -183%-165.3%NANA
Book Value per Share 0-220.8-335.50
Share Price - -5.2% -0.4% -29.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 10.4615.2919.94-87.62-32.07-452.26-98.96377.4255.5945.55
Operating Profit Margin (%) 7.2526.427.070000000
Net Profit Margin (%) 11.3616.8122.290000000
Debt to Equity -0.77-1.25-0.87-0.601.136.81-2.25-2.24-1.83
Working Capital Days 1361691500000000
Cash Conversion Cycle 3442530000000
Entity Percentage Holding
Promoters 62.72%
Institutions 18.46%
Non-Institutions 18.82%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cochin Malabar Estates & Industries Ltd.'s performance infers:

Cochin Malabar Estates & Industries Ltd. earnings have declined by -165.3%, whereas share price has depreciated -5.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Cochin Malabar Estates & Industries Limited was incorporated on March 14, 1930 and has been carrying on the business of rubber and tea plantations in the State of Kerala and Karnataka. The company is basically a plantation company with 3 Rubber Estates in Kerala admeasuring 5225 acres. The company had also purchased one Tea Estate admeasuring Idukki District, Kerala. This estate is being fully uprooted in a phased manner and being replanted with high yield varieties. The

Cochin Malabar Estates & Industries Limited was incorporated on March 14, 1930 and has been carrying on the business of rubber and tea plantations in the State of Kerala and Karnataka. The company is basically a plantation company with 3 Rubber Estates in Kerala admeasuring 5225 acres. The company had also purchased one Tea Estate admeasuring Idukki District, Kerala. This estate is being fully uprooted in a phased manner and being replanted with high yield varieties. The factory is also being upgraded and modernized extensively.

Besides the traditional plantation business, the company had diversified activities such as Fire Engineering Division at Bombay and a Aqua Culture Farm in Goa on an approximately 106 acres for cultivation of tiger prawns, shrimps, etc. The company had also started a 100% EOU Rubber Wood Processing factory near one of its estates viz., Kinalur Estate for converting the rubber wood into hard and strong wood by chemical treatment with foreign knowhow.

Pursuant to agreement dated September 30, 2008 Joonktollee Tea & Industries Ltd., a Bangur Group Company took over the control of the Board of The Cochin Malabar Estates & Industries Limited, which has become a subsidiary of Joonktollee Tea & Industries Ltd. by virtue of Sec. 4(1)(a) of the Companies Act, 1956. Joonktollee Tea & Industries Ltd. is the single largest share holder, holding approximately 23% of the equity share capital of the company. The promoters are represented by Hemant Bangur, Chairman of the Board of Directors of the company.

Estates

Rubber Estates

The Chemoni Estate & Pudukad Estate is located at Palapilly Post, Trichur District, Kerala and covering total of 2777.60 acres of land. The Kinalur Estate is located at Balusseri Post, Kozikode District, Kerala and covering 2446.31 acres of land.

The company produced 10,21,055 kgs of Rubber from its estates during the financial year 2009-10. The yield will further go up when the modern high yielding variety clones now under immaturity would start yielding. The company is fully equipped with two Rubber Processing Factories in two Rubber Estates viz., Chemoni having Centrifuge Latex Factory and Pudukad having EBC and Skim Crape Processing Factory. The company has three “ALFA LAVAL” centrifuging plants in its estate factories having capacity to process latex more than the crop obtained from its own plantations. The company is systematically purchasing Ammoniated Field latex (raw material) from other plantations to manufacture high value centrifuged latex to cater to its established market. All factories have requisite and adequate facilities to treat effluents. The company in fact has the distinction of having won the prestigious award from the Government of Kerala for its efficient effluent treatment plant. The Estates are well managed and labour management relations so far have been cordial. The permanent labour strength of the estate is 610 approximately including staffs and sub-staffs. In addition, the estates employ casual labour as and when necessary.

Tea Estates

Pullikanam Estate & Kolahalmedu Estate is located at Vagamon Post, Idukki District, Kerala and covering 1101.23 acres of land.

The harvested crop was 4 ,15,850 kgs of made Tea during the financial year 2009-10, which is expected to considerably go up in due course when the massive replanting start yielding. The tea manufactured by the company has the best quality standards in the region. The estate has its own infrastructural facilities like H. T. Power supply, stand-by Generators, Telephones, necessary buildings for office, factory, hospitals, Labour Lines, staff Quarters and Bunglow for Managerial Staffs. The permanent labour strength of the estate is 340 approximately including staffs and sub-staffs. In addition, the estates employ casual labour as and when necessary.

Subsidiary Company

  • Cochin Estates Ltd, is a 100% subsidiary which was incorporated on September 21, 2010.

Group Companies

Holding Company

  • Joonktollee Tea & Industries Ltd.

Other Group Companies

  • Credwyn Holdings (India) Pvt.Ltd.
  • Wind Power Vinimay Pvt. Ltd.
  • PDGD Investments & Trading Pvt. Ltd.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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