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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 513353 | NSE: COCHINM

Fundamental Analysis of Cochin Minerals & Rutile Ltd

Basic Stock Data

Last Updated: May 22, 2024, 7:04 pm

Market Cap 243 Cr.
Current Price 310
High / Low393/215
Stock P/E8.51
Book Value 186
Dividend Yield2.58 %
ROCE62.0 %
ROE47.4 %
Face Value 10.0
PEG Ratio0.23

Data Source: screener.in

Competitors of Cochin Minerals & Rutile Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sree Rayalaseema Hi-Strength Hypo Ltd 910 Cr. 530815/4536.76 4790.75 %26.4 %21.6 % 10.0
Vishnu Chemicals Ltd 2,119 Cr. 323386/24719.4 100.00.12 %30.1 %38.7 % 2.00
Alufluoride Ltd 377 Cr. 482587/31322.4 99.20.41 %23.6 %22.1 % 10.0
A-1 Acid Ltd 400 Cr. 348440/295282 40.70.43 %9.79 %7.63 % 10.0
Advance Petrochemicals Ltd 16.0 Cr. 177417/108 39.70.00 %20.4 %30.9 % 10.0
Industry Average764.40 Cr372.0066.11151.720.34%22.06%24.19%8.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales39753887897699118119108675182
Expenses367038888867889510089644669
Operating Profit35-1-119112319193514
OPM %8%6%-1%-1%1%12%11%19%16%18%4%9%16%
Other Income0000000022102
Interest0000000100000
Depreciation0000000000000
Profit before tax24-1-119102220213515
Tax %47%70%-15%41%45%17%19%18%18%37%34%30%31%
Net Profit11-1-10881817132310
EPS in Rs1.671.61-1.17-0.950.379.6810.7823.2221.4716.602.904.0512.87

Last Updated: May 10, 2024, 2:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 3, 2024, 6:34 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales236198131116158149164223263239290444307
Expenses146130131137171149155208241219281372267
Operating Profit9068-0-21-13-0916222097240
OPM %38%34%-0%-19%-8%-0%6%7%8%9%3%16%13%
Other Income2110011210045
Interest3248677632121
Depreciation3324211111111
Profit before tax8665-5-33-21-8211201887343
Tax %33%33%24%35%34%29%39%51%70%54%18%23%
Net Profit5743-4-22-14-6156865629
EPS in Rs72.9055.35-4.96-27.47-17.93-7.321.716.997.6510.367.9372.0736.42
Dividend Payout %16%18%-20%0%0%0%0%0%26%0%19%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-24.56%-109.30%-450.00%36.36%57.14%116.67%400.00%20.00%33.33%-25.00%833.33%
Change in YoY Net Profit Growth (%)0.00%-84.74%-340.70%486.36%20.78%59.52%283.33%-380.00%13.33%-58.33%858.33%

Growth

Compounded Sales Growth
10 Years:8%
5 Years:22%
3 Years:19%
TTM:-25%
Compounded Profit Growth
10 Years:3%
5 Years:111%
3 Years:111%
TTM:-44%
Stock Price CAGR
10 Years:11%
5 Years:13%
3 Years:34%
1 Year:-10%
Return on Equity
10 Years:4%
5 Years:19%
3 Years:25%
Last Year:47%

Last Updated: May 17, 2024, 1:23 pm

Balance Sheet

Last Updated: May 3, 2024, 6:34 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8888888888888
Reserves721071027864596065697884138138
Borrowings119634552463838090534
Other Liabilities34172735361753457622873297
Total Liabilities125140200166160130159157154116179183277
Fixed Assets20222017161714141818171717
CWIP5591010109955555
Investments14141414141414141414141415
Other Assets861001571251208812211911679142147240
Total Assets125140200166160130159157154116179183277

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 54-14-11-361391336-98-4
Cash from Investing Activity -0-3-6-4-1-14-3-1-1-01
Cash from Financing Activity -9-2136-19-5-12-13-5-367-92
Net Cash Flow45-3819-27-0-0-04-1-2-1-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow79.0059.00-63.00-66.00-65.00-46.00-29.00-22.0022.0011.009.0067.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8250382020321222403720
Inventory Days1034204914513062163802231728211562
Days Payable4019124134132621661141925018121
Cash Conversion Cycle71403418355194173245121272-2961
Working Capital Days1012723521611493856431803552
ROCE %126%62%-1%-16%-12%-1%9%16%24%23%9%62%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters52.31%52.31%52.31%52.34%52.34%53.22%51.94%52.00%50.44%50.47%50.62%51.17%
DIIs0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.07%
Public47.07%47.07%47.07%47.04%47.04%46.17%47.43%47.38%48.94%48.90%48.75%48.75%
No. of Shareholders8,2498,6588,6038,8158,7598,6809,3479,42610,87113,32013,80214,231

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)72.077.9310.367.656.99
Diluted EPS (Rs.)72.077.9310.367.656.99
Cash EPS (Rs.)73.269.2411.848.377.65
Book Value[Excl.RevalReserv]/Share (Rs.)186.85116.92109.0498.7193.55
Book Value[Incl.RevalReserv]/Share (Rs.)186.85116.92109.0498.7193.55
Dividend / Share (Rs.)8.001.500.002.000.00
Revenue From Operations / Share (Rs.)566.94370.07305.43336.22285.32
PBDIT / Share (Rs.)96.5711.1825.7928.1020.83
PBIT / Share (Rs.)95.379.8624.3127.3720.17
PBT / Share (Rs.)93.709.6422.5225.2714.29
Net Profit / Share (Rs.)72.067.9310.367.656.99
PBDIT Margin (%)17.033.018.448.357.30
PBIT Margin (%)16.822.667.958.147.06
PBT Margin (%)16.522.607.377.515.00
Net Profit Margin (%)12.712.143.392.272.44
Return on Networth / Equity (%)38.566.789.497.747.46
Return on Capital Employeed (%)48.528.1721.6627.0621.09
Return On Assets (%)30.813.476.983.893.49
Long Term Debt / Equity (X)0.020.000.000.000.00
Total Debt / Equity (X)0.030.000.070.000.44
Asset Turnover Ratio (%)2.451.961.771.701.41
Current Ratio (X)4.831.622.601.391.18
Quick Ratio (X)3.571.021.700.530.31
Inventory Turnover Ratio (X)4.734.512.351.781.65
Dividend Payout Ratio (NP) (%)2.080.000.0031.530.00
Dividend Payout Ratio (CP) (%)2.040.000.0028.800.00
Earning Retention Ratio (%)97.920.000.0068.470.00
Cash Earning Retention Ratio (%)97.960.000.0071.200.00
Interest Coverage Ratio (X)57.8350.9014.3713.373.54
Interest Coverage Ratio (Post Tax) (X)44.1637.136.774.642.19
Enterprise Value (Cr.)169.3857.8794.8869.46170.92
EV / Net Operating Revenue (X)0.380.190.390.260.76
EV / EBITDA (X)2.246.614.703.1610.48
MarketCap / Net Operating Revenue (X)0.480.280.370.280.65
Retention Ratios (%)97.910.000.0068.460.00
Price / BV (X)1.470.901.050.982.00
Price / Net Operating Revenue (X)0.480.280.370.280.65
EarningsYield0.260.070.090.070.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹769.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 148.27% compared to the current price ₹310

Intrinsic Value: ₹1,051.52

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 239.20% compared to the current price ₹310

Last 5 Year EPS CAGR: 36.63%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 25.08%, which is a positive sign.
  2. The company has higher reserves (85.69 cr) compared to borrowings (26.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (224.46 cr) and profit (19.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 95.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 173.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cochin Minerals & Rutile Ltd:
    1. Net Profit Margin: 12.71%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 48.52% (Industry Average ROCE: 18.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 38.56% (Industry Average ROE: 18.24%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 44.16
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.57
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 8.51 (Industry average Stock P/E: 66.12)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Cochin Minerals & Rutile Ltd. is a Public Limited Listed company incorporated on 18/08/1989 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L24299KL1989PLC005452 and registration number is 005452. Currently company belongs to the Industry of Chemicals - Inorganic - Others. Company’s Total Operating Revenue is Rs. 289.76 Cr. and Equity Capital is Rs. 7.83 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Inorganic - OthersP.B. No. 73, Aluva Kerala 683101cmrlexim@cmrlindia.com
http://www.cmrlindia.com
Management
NamePosition Held
Mr. R K GargChairman
Dr. S N Sasidharan KarthaManaging Director
Mr. Saran S KarthaJoint Managing Director
Mr. Mathew M CherianDirector
Mr. Achutha Janardhana PaiDirector
Mrs. Jaya S KarthaDirector
Mr. Nabiel Mathew CherianDirector
Mr. Anil Ananda PanickerDirector
Mr. G R WarrierDirector
Mr. T P ThomaskuttyDirector
Mr. R RavichandranDirector

FAQ

What is the latest fair value of Cochin Minerals & Rutile Ltd?

The latest fair value of Cochin Minerals & Rutile Ltd is ₹769.63.

What is the Market Cap of Cochin Minerals & Rutile Ltd?

The Market Cap of Cochin Minerals & Rutile Ltd is 243 Cr..

What is the current Stock Price of Cochin Minerals & Rutile Ltd as on 22 May 2024?

The current stock price of Cochin Minerals & Rutile Ltd as on 22 May 2024 is ₹310.

What is the High / Low of Cochin Minerals & Rutile Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cochin Minerals & Rutile Ltd stocks is ₹393/215.

What is the Stock P/E of Cochin Minerals & Rutile Ltd?

The Stock P/E of Cochin Minerals & Rutile Ltd is 8.51.

What is the Book Value of Cochin Minerals & Rutile Ltd?

The Book Value of Cochin Minerals & Rutile Ltd is 186.

What is the Dividend Yield of Cochin Minerals & Rutile Ltd?

The Dividend Yield of Cochin Minerals & Rutile Ltd is 2.58 %.

What is the ROCE of Cochin Minerals & Rutile Ltd?

The ROCE of Cochin Minerals & Rutile Ltd is 62.0 %.

What is the ROE of Cochin Minerals & Rutile Ltd?

The ROE of Cochin Minerals & Rutile Ltd is 47.4 %.

What is the Face Value of Cochin Minerals & Rutile Ltd?

The Face Value of Cochin Minerals & Rutile Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cochin Minerals & Rutile Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE