Cochin Malabar Estates & Industries Ltd

Cochin Malabar Estates & Industries Ltd

₹ 199 4.98%
24 Jul 2:56 p.m.
About

Incorporated in 1930, Cochin Malabar Estates & Industries Ltd is into the business of rubber and tea plantations.

Key Points

Business Overview:[1]
Company is involved in plantation with 3 Rubber Estates in Kerala measuring 5225 acres. Company also purchased one Tea Estate in Kerala.
Besides the traditional plantation business, company had diversified activities such as Fire Engineering Division at Bombay and a Aqua Culture Farm in Goa on ~106 acres for cultivation of tiger prawns, shrimps, etc.
Company had also started a 100% EOU Rubber Wood Processing factory near one of its estates for converting the rubber wood into hard and strong wood by chemical treatment with foreign knowhow.
At present, Cochin Plantation Division has demerged from the Company and merged with Joonktollee Tea & Industries Ltd. w.e.f. 01.04.2011.
The Company ceased to be a subsidiary of Joonktollee Tea & Industries Ltd. w.e.f. 07.10.2013.

  • Market Cap 35.2 Cr.
  • Current Price 199
  • High / Low 261 / 78.1
  • Stock P/E 6.57
  • Book Value 163
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 20.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.16 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012
20.44 23.95
15.05 17.47
Operating Profit 5.39 6.48
OPM % 26.37% 27.06%
0.19 0.65
Interest 1.66 1.33
Depreciation 0.55 0.51
Profit before tax 3.37 5.29
Tax % 0.00% 0.00%
3.37 5.29
EPS in Rs 18.72 29.39
Dividend Payout % 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 56%
Stock Price CAGR
10 Years: 6%
5 Years: 25%
3 Years: 57%
1 Year: 110%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012
Equity Capital 1.77 1.77
Reserves 22.35 27.59
21.81 10.63
21.68 24.46
Total Liabilities 67.61 64.45
54.89 56.35
CWIP 0.18 0.20
Investments 0.02 0.02
12.52 7.88
Total Assets 67.61 64.45

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012
-2.31 14.14
-2.00 -2.12
4.19 -12.54
Net Cash Flow -0.12 -0.52

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012
Debtor Days 16.96 5.18
Inventory Days 1,065.14
Days Payable 305.27
Cash Conversion Cycle 776.83 5.18
Working Capital Days -288.04 -271.12
ROCE % 15.57%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.72% 62.72% 62.72% 62.72% 62.72% 62.72% 62.72% 62.72% 62.72% 62.72% 62.72% 62.72%
18.46% 18.05% 18.05% 18.05% 18.04% 18.04% 17.79% 17.09% 17.09% 17.09% 17.09% 17.09%
18.82% 19.23% 19.23% 19.23% 19.23% 19.23% 19.49% 20.19% 20.19% 20.18% 20.18% 20.18%
No. of Shareholders 1,5311,5371,5361,5671,5881,6661,7521,7951,9021,9882,0202,124

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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