Cochin Minerals & Rutile Ltd

Cochin Minerals & Rutile Ltd

₹ 306 1.16%
01 Mar - close price
About

Incorporated in 1989, Cochin Minerals and Rutile Ltd manufactures Synthetic Rutile and Ferrous products[1]

Key Points

Business Overview:[1][2]
CMRL is ISO 9001:2015 and ISO 45001 : 2018 certified and accredited by M/s Bureau Veritas and UKAS (UK) and
NABCB (India). It does manufacturing of Synthetic Rutile and is India's largest manufacturer of Aqua Ferric Chloride.

  • Market Cap 240 Cr.
  • Current Price 306
  • High / Low 405 / 215
  • Stock P/E 8.41
  • Book Value 186
  • Dividend Yield 2.61 %
  • ROCE 62.0 %
  • ROE 47.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 111% CAGR over last 5 years
  • Debtor days have improved from 32.4 to 20.1 days.

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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
39 75 38 87 89 76 99 118 119 108 67 51 82
36 70 38 88 88 67 88 95 100 89 64 46 69
Operating Profit 3 5 -1 -1 1 9 11 23 19 19 3 5 14
OPM % 8% 6% -1% -1% 1% 12% 11% 19% 16% 18% 4% 9% 16%
0 0 0 0 0 0 0 0 2 2 1 0 2
Interest 0 0 0 0 0 0 0 1 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 2 4 -1 -1 1 9 10 22 20 21 3 5 15
Tax % 47% 70% -15% 41% 45% 17% 19% 18% 18% 37% 34% 30% 31%
1 1 -1 -1 0 8 8 18 17 13 2 3 10
EPS in Rs 1.67 1.61 -1.17 -0.95 0.37 9.68 10.78 23.22 21.47 16.60 2.90 4.05 12.87
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
236 198 131 116 158 149 164 223 263 239 290 444 307
146 130 131 137 171 149 155 208 241 219 281 372 267
Operating Profit 90 68 -0 -21 -13 -0 9 16 22 20 9 72 40
OPM % 38% 34% -0% -19% -8% -0% 6% 7% 8% 9% 3% 16% 13%
2 1 1 0 0 1 1 2 1 0 0 4 5
Interest 3 2 4 8 6 7 7 6 3 2 1 2 1
Depreciation 3 3 2 4 2 1 1 1 1 1 1 1 1
Profit before tax 86 65 -5 -33 -21 -8 2 11 20 18 8 73 43
Tax % 33% 33% 24% 35% 34% 29% 39% 51% 70% 54% 18% 23%
57 43 -4 -22 -14 -6 1 5 6 8 6 56 29
EPS in Rs 72.90 55.35 -4.96 -27.47 -17.93 -7.32 1.71 6.99 7.65 10.36 7.93 72.07 36.42
Dividend Payout % 16% 18% -20% 0% 0% 0% 0% 0% 26% 0% 19% 11%
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: 12%
5 Years: 10%
3 Years: 31%
1 Year: 16%
Return on Equity
10 Years: 4%
5 Years: 19%
3 Years: 25%
Last Year: 47%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 72 107 102 78 64 59 60 65 69 78 84 138 138
11 9 63 45 52 46 38 38 0 9 0 5 34
34 17 27 35 36 17 53 45 76 22 87 32 97
Total Liabilities 125 140 200 166 160 130 159 157 154 116 179 183 277
20 22 20 17 16 17 14 14 18 18 17 17 17
CWIP 5 5 9 10 10 10 9 9 5 5 5 5 5
Investments 14 14 14 14 14 14 14 14 14 14 14 14 15
86 100 157 125 120 88 122 119 116 79 142 147 240
Total Assets 125 140 200 166 160 130 159 157 154 116 179 183 277

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
54 -14 -11 -3 6 13 9 13 36 -9 8 -4
-0 -3 -6 -4 -1 -1 4 -3 -1 -1 -0 1
-9 -21 36 -19 -5 -12 -13 -5 -36 7 -9 2
Net Cash Flow 45 -38 19 -27 -0 -0 -0 4 -1 -2 -1 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 8 2 50 38 20 20 32 12 22 40 37 20
Inventory Days 103 420 491 451 306 216 380 223 172 82 115 62
Days Payable 40 19 124 134 132 62 166 114 192 50 181 21
Cash Conversion Cycle 71 403 418 355 194 173 245 121 2 72 -29 61
Working Capital Days 10 127 235 216 114 93 85 64 31 80 35 52
ROCE % 126% 62% -1% -16% -12% -1% 9% 16% 24% 23% 9% 62%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
52.31% 52.31% 52.31% 52.31% 52.34% 52.34% 53.22% 51.94% 52.00% 50.44% 50.47% 50.62%
0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
47.07% 47.07% 47.07% 47.07% 47.04% 47.04% 46.17% 47.43% 47.38% 48.94% 48.90% 48.75%
No. of Shareholders 7,7468,2498,6588,6038,8158,7598,6809,3479,42610,87113,32013,802

* 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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