Cochin Minerals & Rutile Ltd

Cochin Minerals & Rutile Ltd

₹ 326 4.95%
24 Jul - 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 255 Cr.
  • Current Price 326
  • High / Low 350 / 215
  • Stock P/E 20.8
  • Book Value 190
  • Dividend Yield 2.45 %
  • ROCE 26.1 %
  • ROE 5.83 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.3%

Cons

  • The company has delivered a poor sales growth of 6.10% over past five years.
  • Debtor days have increased from 33.4 to 42.6 days.
  • Working capital days have increased from 66.7 days to 114 days

* 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

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
37.96 86.80 88.78 76.22 99.17 117.88 119.04 107.83 66.76 50.69 82.16 100.82 88.35
38.49 87.74 88.14 67.08 88.44 95.02 99.94 88.79 63.86 46.04 68.66 83.99 79.61
Operating Profit -0.53 -0.94 0.64 9.14 10.73 22.86 19.10 19.04 2.90 4.65 13.50 16.83 8.74
OPM % -1.40% -1.08% 0.72% 11.99% 10.82% 19.39% 16.05% 17.66% 4.34% 9.17% 16.43% 16.69% 9.89%
0.02 0.03 0.16 0.23 0.00 0.12 1.72 2.04 0.77 0.30 1.68 0.10 0.60
Interest 0.04 0.08 0.04 0.01 0.16 0.68 0.16 0.31 0.08 0.21 0.42 0.12 0.10
Depreciation 0.25 0.25 0.25 0.28 0.21 0.23 0.23 0.26 0.17 0.21 0.20 0.27 0.24
Profit before tax -0.80 -1.24 0.51 9.08 10.36 22.07 20.43 20.51 3.42 4.53 14.56 16.54 9.00
Tax % 15.00% -41.13% 45.10% 16.52% 18.53% 17.54% 17.72% 36.67% 33.63% 30.24% 30.77% 141.90% 33.89%
-0.92 -0.74 0.29 7.58 8.44 18.18 16.81 13.00 2.27 3.17 10.08 -6.92 5.95
EPS in Rs -1.17 -0.95 0.37 9.68 10.78 23.22 21.47 16.60 2.90 4.05 12.87 -8.84 7.60
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
198 131 116 158 149 164 223 263 239 290 444 300 322
130 131 137 171 149 155 208 241 219 281 372 263 278
Operating Profit 68 -0 -21 -13 -0 9 16 22 20 9 72 38 44
OPM % 34% -0% -19% -8% -0% 6% 7% 8% 9% 3% 16% 13% 14%
1 1 0 0 1 1 2 1 0 0 4 3 3
Interest 2 4 8 6 7 7 6 3 2 1 2 1 1
Depreciation 3 2 4 2 1 1 1 1 1 1 1 1 1
Profit before tax 65 -5 -33 -21 -8 2 11 20 18 8 73 39 45
Tax % 33% -24% -35% -34% -29% 39% 51% 70% 54% 18% 23% 78%
43 -4 -22 -14 -6 1 5 6 8 6 56 9 12
EPS in Rs 55.35 -4.96 -27.47 -17.93 -7.32 1.71 6.99 7.65 10.36 7.93 72.07 10.97 15.68
Dividend Payout % 18% -20% 0% 0% 0% 0% 0% 26% 0% 19% 11% 73%
Compounded Sales Growth
10 Years: 9%
5 Years: 6%
3 Years: 8%
TTM: -22%
Compounded Profit Growth
10 Years: 15%
5 Years: 9%
3 Years: 2%
TTM: -76%
Stock Price CAGR
10 Years: 11%
5 Years: 14%
3 Years: 27%
1 Year: -2%
Return on Equity
10 Years: 6%
5 Years: 17%
3 Years: 20%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 107 102 78 64 59 60 65 69 78 84 138 141
9 63 45 52 46 38 38 0 9 0 5 6
17 27 35 36 17 53 45 76 22 87 32 86
Total Liabilities 140 200 166 160 130 159 157 154 116 179 183 240
22 20 17 16 17 14 14 18 18 17 17 17
CWIP 5 9 10 10 10 9 9 5 5 5 5 5
Investments 14 14 14 14 14 14 14 14 14 14 14 15
100 157 125 120 88 122 119 116 79 142 147 203
Total Assets 140 200 166 160 130 159 157 154 116 179 183 240

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-14 -11 -3 6 13 9 13 36 -9 8 -4 6
-3 -6 -4 -1 -1 4 -3 -1 -1 -0 1 0
-21 36 -19 -5 -12 -13 -5 -36 7 -9 2 -6
Net Cash Flow -38 19 -27 -0 -0 -0 4 -1 -2 -1 -0 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 50 38 20 20 32 12 22 40 37 20 43
Inventory Days 420 491 451 306 216 380 223 172 82 115 62 328
Days Payable 19 124 134 132 62 166 114 192 50 181 21 211
Cash Conversion Cycle 403 418 355 194 173 245 121 2 72 -29 61 160
Working Capital Days 127 235 216 114 93 85 64 31 80 35 52 114
ROCE % 62% -1% -16% -12% -1% 9% 16% 24% 23% 9% 62% 26%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
52.31% 52.31% 52.34% 52.34% 53.22% 51.94% 52.00% 50.44% 50.47% 50.62% 51.17% 51.17%
0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.07% 0.07%
47.07% 47.07% 47.04% 47.04% 46.17% 47.43% 47.38% 48.94% 48.90% 48.75% 48.75% 48.76%
No. of Shareholders 8,6588,6038,8158,7598,6809,3479,42610,87113,32013,80214,23114,374

* 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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