Cochin Minerals&Ruti

₹299 -1.7 | 0.6%

WEBSITE BSE:513353 NSE : COCHIN MIN. 18 May, 12:50

Market Cap ₹234 Cr.

Stock P/E 8.2

P/B 1.5

Current Price ₹299

Book Value ₹ 198.9

Face Value 10

52W High ₹405

Dividend Yield 2.68%

52W Low ₹ 215

Edit Ratio

Cochin Minerals&Ruti Research see more...

Overview Inc. Year: 1989Industry: Chemicals

Cochin Minerals & Rutile Ltd is a prominent company specializing in the mining and processing of minerals, with a primary focus on rutile. Headquartered in Cochin, India, the company has established itself as a leading player in the minerals industry. With a wealth of expertise and advanced technology, Cochin Minerals & Rutile Ltd engages in the extraction, purification, and commercialization of rutile, a valuable mineral used in various industries, including pigment production, welding electrode manufacturing, and titanium metal production. The company places a strong emphasis on sustainable practices and adheres to strict environmental standards throughout its operations. Cochin Minerals & Rutile Ltd is committed to delivering high-quality products, maintaining customer satisfaction, and contributing to the economic growth of the region.

Cochin Minerals&Ruti Share Price

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Peer Comparison

Cochin Minerals&Ruti Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	87	89	76	99	118	119	108	67	51	82
Other Income	0	0	0	0	0	2	2	1	0	2
Total Income	87	89	76	99	118	121	110	68	51	84
Total Expenditure	88	88	67	88	95	100	89	64	46	69
Operating Profit	-1	1	9	11	23	21	21	4	5	15
Interest	0	0	0	0	1	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	1	9	10	22	20	21	3	5	15
Provision for Tax	-1	0	2	2	4	4	8	1	1	4
Profit After Tax	-1	0	8	8	18	17	13	2	3	10
Adjustments	0	-0	0	0	0	0	0	0	-0	0
Profit After Adjustments	-1	0	8	8	18	17	13	2	3	10
Adjusted Earnings Per Share	-0.9	0.4	9.7	10.8	23.2	21.5	16.6	2.9	4	12.9

Cochin Minerals&Ruti Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	198	131	116	158	149	164	223	263	239	290	444	308
Other Income	1	1	0	0	1	1	2	1	0	0	4	5
Total Income	200	133	116	159	149	165	225	265	239	290	448	313
Total Expenditure	130	131	137	171	149	155	208	241	219	281	372	268
Operating Profit	69	1	-21	-13	0	10	18	23	21	9	76	45
Interest	2	4	8	6	7	7	6	3	2	1	2	0
Depreciation	3	2	4	2	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	65	-5	-33	-21	-8	2	11	20	18	8	73	44
Provision for Tax	21	-1	-11	-7	-2	1	6	14	10	1	17	14
Profit After Tax	43	-4	-22	-14	-6	1	5	6	8	6	56	28
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	43	-4	-22	-14	-6	1	5	6	8	6	56	28
Adjusted Earnings Per Share	55.4	-5	-27.5	-17.9	-7.3	1.7	7	7.6	10.4	7.9	72.1	36.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	53%	19%	22%	8%
Operating Profit CAGR	744%	49%	50%	1%
PAT CAGR	833%	111%	124%	3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-10%	34%	13%	11%
ROE Average	47%	21%	16%	7%
ROCE Average	62%	31%	27%	16%

Cochin Minerals&Ruti Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	114	110	86	72	67	68	73	77	85	92	146
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	4	26	21	15	10	5	0	0	0	0	3
Other Non-Current Liabilities	1	-0	-12	-19	-21	-20	-16	-6	2	2	4
Total Current Liabilities	21	64	59	72	51	85	82	75	28	84	41
Total Liabilities	140	199	154	140	108	138	139	146	116	178	194
Fixed Assets	22	20	17	16	17	14	14	18	18	17	17
Other Non-Current Assets	22	31	31	31	30	29	28	24	24	24	25
Total Current Assets	97	149	106	94	61	96	97	104	74	137	153
Total Assets	140	199	154	140	108	138	139	146	116	178	194

Cochin Minerals&Ruti Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	47	8	27	1	0	0	0	4	4	1	0
Cash Flow from Operating Activities	-14	-11	-3	6	13	9	13	36	-9	8	-4
Cash Flow from Investing Activities	-3	-6	-4	-1	-1	4	-3	-1	-1	-0	1
Cash Flow from Financing Activities	-21	36	-19	-5	-12	-13	-5	-36	7	-9	2
Net Cash Inflow / Outflow	-38	19	-27	-0	-0	-0	4	-1	-2	-1	-0
Closing Cash & Cash Equivalent	8	27	1	0	0	0	4	4	1	0	0

Cochin Minerals&Ruti Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	55.36	-4.95	-27.47	-17.93	-7.31	1.71	6.99	7.65	10.36	7.93	72.07
CEPS(Rs)	58.85	-1.87	-22.41	-15.42	-6.16	2.59	7.65	8.37	11.84	9.24	73.26
DPS(Rs)	10	1	0	0	0	0	0	2	0	1.5	8
Book NAV/Share(Rs)	146.23	140.11	110.18	92.25	85.73	86.63	93.55	98.71	109.04	116.92	186.85
Core EBITDA Margin(%)	34.22	-0.07	-18.03	-8.37	-0.33	5.51	7.02	8.44	8.53	3.12	16.3
EBIT Margin(%)	33.52	-0.92	-20.95	-9.38	-0.56	5.69	7.66	8.71	8.14	2.91	16.96
Pre Tax Margin(%)	32.57	-3.78	-27.65	-13.42	-5.39	1.33	5.01	7.52	7.37	2.61	16.53
PAT Margin (%)	21.78	-2.88	-18.09	-8.84	-3.84	0.82	2.45	2.27	3.39	2.14	12.71
Cash Profit Margin (%)	23.15	-1.09	-14.76	-7.6	-3.24	1.23	2.68	2.49	3.88	2.5	12.92
ROA(%)	29.9	-2.28	-12.18	-9.55	-4.61	1.09	3.94	4.2	6.19	4.22	30.27
ROE(%)	44.5	-3.46	-21.95	-17.71	-8.22	1.98	7.75	7.95	9.97	7.02	47.45
ROCE(%)	61.26	-0.84	-16.08	-11.43	-0.71	8.51	15.72	24.3	22.69	9.08	61.98
Receivable days	5.95	26.14	46.31	23.67	20.21	24.66	17.4	15.78	31.67	35.04	22.26
Inventory Days	93.96	231.73	273.98	184.84	143.18	123.41	114.15	93.12	68.14	48.19	36.08
Payable days	24.9	71.36	128.23	118.03	109.47	116.26	104.54	139.45	137.97	107.96	77.35
PER(x)	3.07	0	0	0	0	59.08	26.73	12.71	11.05	13.36	3.81
Price/Book(x)	1.16	0.75	0.7	0.74	1.21	1.17	2	0.98	1.05	0.91	1.47
Dividend Yield(%)	5.88	0.95	0	0	0	0	0	2.06	0	1.42	2.92
EV/Net Sales(x)	0.67	0.88	0.93	0.64	0.84	0.71	0.79	0.26	0.41	0.2	0.38
EV/Core EBITDA(x)	1.91	98.98	-5.13	-7.82	2075.88	11.65	10	2.96	4.7	6.11	2.22
Net Sales Growth(%)	-15.93	-33.78	-11.75	36.54	-5.83	10.09	36.26	17.84	-9.16	21.16	53.2
EBIT Growth(%)	-24.39	-101.87	-1900.84	40.18	94.35	1208.82	83.28	33.99	-15.12	-56.61	791.96
PAT Growth(%)	-24.07	-108.95	-454.42	34.72	59.21	123.38	308.39	9.46	35.45	-23.41	808.52
EPS Growth(%)	-24.07	-108.95	-454.42	34.72	59.21	123.39	308.38	9.46	35.45	-23.41	808.52
Debt/Equity(x)	0.07	0.58	0.59	0.71	0.68	0.57	0.52	0	0.1	0	0.03
Current Ratio(x)	4.51	2.33	1.81	1.31	1.18	1.13	1.18	1.39	2.6	1.62	3.73
Quick Ratio(x)	0.85	0.88	0.35	0.26	0.37	0.31	0.32	0.54	1.7	1.02	2.83
Interest Cover(x)	35.28	-0.32	-3.13	-2.32	-0.12	1.3	2.89	7.32	10.66	9.48	39.19
Total Debt/Mcap(x)	0.06	0.77	0.84	0.97	0.56	0.49	0.26	0	0.1	0	0.02

Cochin Minerals&Ruti Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.31	52.34	52.34	53.21	51.94	52	50.44	50.47	50.62	51.17
FII	0	0	0	0	0	0	0	0	0	0
DII	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.07
Public	47.07	47.04	47.04	46.17	47.45	47.39	48.94	48.91	48.76	48.76
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.41	0.41	0.41	0.42	0.41	0.41	0.39	0.4	0.4	0.4
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.37	0.37	0.37	0.36	0.37	0.37	0.38	0.38	0.38	0.38
Others	0	0	0	0	0	0	0	0	0	0
Total	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78	0.78

Pros

Company has delivered good profit growth of 123% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 107.96 to 77.35days.
Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.