Cochin Malabar Estates & Industries Ltd - Stock Valuation and Financial Performance

BSE: 508571 | NSE: | Rubber Products | Small Cap

Cochin Malabar Ests Share Price

103.25 -2.25 -2.13%
as on 28-Mar'24 16:01

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Cochin Malabar Estates & Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
18.3 Cr.
52-wk low:
56.8
52-wk high:
153.4

Is Cochin Malabar Estates & Industries Ltd an attractive stock to invest in?

1. Is Cochin Malabar Estates & Industries Ltd a good quality company?

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

2. Is Cochin Malabar Estates & Industries Ltd undervalued or overvalued?

The key valuation ratios of Cochin Malabar Estates & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Cochin Malabar Estates & Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cochin Malabar Estates & Industries 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 Malabar Ests:

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 Malabar Estates & Industries 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 % 720.2%-311.7%-27.5%-77.4%-29.2%-30%-22.7%-28.3%-24.7%-27.2%-
Value Creation
Index
50.4-23.3-3.0NANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000000000
Sales YoY Gr.-NANANANANANANANANA-
Adj EPS 18.8-10.1-1.3-2.8-1.6-2.2-2.7-3.6-3.3-3.7-3.8
YoY Gr.--153.9%NANANANANANANANA-
BVPS (₹) 2.31.70.5-2.1-3.8-6-8.7-12.3-15.7-19.3-22.1
Adj Net
Profit
3.3-1.8-0.2-0.5-0.3-0.4-0.5-0.6-0.6-0.7-1
Cash Flow from Ops. -17.3-3.2-0.1-0.2-0.5-0.2-0.40.1-0.1-0.1-
Debt/CF from Ops. 0-0.1-5.1-4.3-2.9-10.6-7.336.4-36.8-37-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS -183.4%NANANA
BVPS-226.4%NANANA
Share Price 3.3% 11.9% 26.1% 68.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-32.1-452.3-99377.455.645.636.434.623.92118.1
Op. Profit
Mgn %
0000000000NAN
Net Profit
Mgn %
0000000000-INF
Debt to
Equity
01.16.8-2.3-2.2-1.8-2-1.5-1.4-1.3-
Working Cap
Days
00000000000
Cash Conv.
Cycle
00000000000

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 18.10%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Cochin Malabar Estates & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -3.8 29.8
TTM Sales (₹ Cr.) 0 24
BVPS (₹.) -22.1 0
Reserves (₹ Cr.) -6 -14
P/BV -4.66 0.00
PE 0.00 3.46
From the Market
52 Week Low / High (₹) 56.75 / 153.40
All Time Low / High (₹) 16.30 / 215.90
Market Cap (₹ Cr.) 18.3
Equity (₹ Cr.) 1.8
Face Value (₹) 10
Industry PE 32.6

Management X-Ray of Cochin Malabar Ests:

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 Malabar Ests

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
Sales0000000000
Operating Expenses 0.481.850.100.420.150.200.130.190.100.13
Manufacturing Costs0000000000
Material Costs0000000000
Employee Cost 0.01000000.010.010.010.01
Other Costs 0.461.850.100.420.150.190.130.180.090.12
Operating Profit -0.48-1.85-0.10-0.42-0.15-0.20-0.13-0.19-0.10-0.13
Operating Profit Margin (%) ----------
Other Income 0.030.0100.010.0100000
Interest 12.250.020.060.080.140.200.300.390.440.48
Depreciation 00.660.070000.040.070.050.04
Exceptional Items 53.442.4100000000
Profit Before Tax 40.74-0.11-0.23-0.49-0.29-0.39-0.47-0.64-0.59-0.65
Tax 0000000000
Profit After Tax 40.74-0.11-0.23-0.49-0.29-0.39-0.47-0.64-0.59-0.65
PAT Margin (%) ----------
Adjusted EPS (₹)229.9-0.6-1.3-2.8-1.6-2.2-2.7-3.6-3.3-3.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 0.450.340.12-0.38-0.67-1.06-1.54-2.18-2.77-3.42
Share Capital 1.771.771.771.771.771.771.771.771.771.77
Reserves -1.32-1.43-1.66-2.15-2.44-2.84-3.31-3.95-4.55-5.20
Minority Interest0000000000
Debt00.350.550.851.501.9533.353.934.60
Long Term Debt0000000000
Short Term Debt00.350.550.851.501.9533.353.934.60
Trade Payables00.010.010.220.010.010.010.010.010.01
Others Liabilities 2.940.010.020.02000.010.0100.01
Total Liabilities 3.390.710.690.710.840.901.481.191.171.19

Fixed Assets

Gross Block3.763.553.550.510.510.521.031.031.031.03
Accumulated Depreciation1.082.973.0400.010.010.050.120.170.21
Net Fixed Assets2.680.580.510.510.510.510.970.910.850.81
CWIP 0.1800000.1200.040.040.07
Investments 0000000000
Inventories0000000000
Trade Receivables0000000000
Cash Equivalents 0.290.070.110.130.120.060.020.040.070.11
Others Assets0.240.060.060.070.210.200.480.200.200.20
Total Assets 3.390.710.690.710.840.901.481.191.171.19

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -17.29-3.18-0.11-0.20-0.52-0.18-0.410.09-0.11-0.12
PBT 40.74-0.11-0.23-0.49-0.29-0.39-0.47-0.64-0.59-0.65
Adjustment -41.21-0.340.120.070.140.200.340.450.490.52
Changes in Working Capital -16.82-2.74-00.22-0.250.01-0.280.28-00.01
Tax Paid 0000-0.1300000
Cash Flow From Investing Activity 53.932.6400-0.09-0.03-0.39-0.040-0.03
Capex 53.902.63000-0.13-0.39-0.040-0.03
Net Investments 0000-0.090.090000
Others 0.030.0100000000
Cash Flow From Financing Activity -36.350.330.150.210.510.250.75-0.030.140.19
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5.24000000000
Interest Paid -12.25-0.02-0.05-0.09-0.14-0.20-0.30-0.38-0.44-0.48
Dividend Paid 0000000000
Others -18.860.350.200.300.650.451.050.350.580.67
Net Cash Flow 0.29-0.220.040.01-0.100.04-0.040.020.030.04
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0-29.33-116.98N/AN/AN/AN/AN/AN/AN/A
ROCE (%)0-16.36-26.29N/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0000000000
PAT to CFO Conversion(x)-0.42N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days0000000000
Inventory Days0000000000
Payable Days0000000000

Cochin Malabar Estates & Industries Ltd Stock News

Cochin Malabar Estates & Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cochin Malabar Ests on 28-Mar-2024 16:01 is ₹103.2.
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 Malabar Ests stood at ₹18.29.
The latest P/E ratio of Cochin Malabar Ests as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Cochin Malabar Ests as of 28-Mar-2024 16:01 is -4.66.
The 52-week high of Cochin Malabar Ests is ₹153.4 and the 52-week low is ₹56.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cochin Malabar Ests is ₹0.00 ( Cr.) .

About Cochin Malabar Estates & Industries Ltd

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.
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