Cochin Malabar Estates & Industries Ltd

Cochin Malabar Estates & Industries Ltd

₹ 210 -1.99%
02 Jul - close price
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 37.1 Cr.
  • Current Price 210
  • High / Low 261 / 78.1
  • Stock P/E 74.2
  • Book Value -16.3
  • Dividend Yield 0.00 %
  • ROCE 65.2 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Contingent liabilities of Rs.15.1 Cr.
  • Earnings include an other income of Rs.1.14 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.01 0.05 0.02 0.02 0.03 0.05 0.02 0.02 0.04 0.06 0.02 0.01 0.00
Operating Profit -0.01 -0.05 -0.02 -0.02 -0.03 -0.05 -0.02 -0.02 -0.04 -0.06 -0.02 -0.01 0.00
OPM %
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.14
Interest 0.10 0.10 0.11 0.11 0.11 0.12 0.13 0.11 0.12 0.12 0.13 0.13 0.13
Depreciation 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax -0.13 -0.16 -0.14 -0.14 -0.15 -0.18 -0.16 -0.14 -0.17 -0.19 -0.16 -0.15 1.00
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.13 -0.17 -0.14 -0.14 -0.15 -0.18 -0.16 -0.14 -0.17 -0.19 -0.16 -0.15 1.00
EPS in Rs -0.72 -0.94 -0.78 -0.78 -0.83 -1.00 -0.89 -0.78 -0.94 -1.06 -0.89 -0.83 5.56
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.60 0.48 1.85 0.10 0.42 0.16 0.19 0.13 0.19 0.10 0.13 0.11
Operating Profit -0.60 -0.48 -1.85 -0.10 -0.42 -0.16 -0.19 -0.13 -0.19 -0.10 -0.13 -0.11
OPM %
0.04 53.47 2.42 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 1.14
Interest 3.57 12.25 0.02 0.06 0.08 0.14 0.20 0.30 0.39 0.44 0.48 0.50
Depreciation 0.00 0.00 0.66 0.07 0.00 0.00 0.00 0.04 0.07 0.05 0.04 0.03
Profit before tax -4.13 40.74 -0.11 -0.23 -0.49 -0.29 -0.39 -0.47 -0.65 -0.59 -0.65 0.50
Tax % 13.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.56 40.74 -0.11 -0.23 -0.49 -0.29 -0.39 -0.47 -0.64 -0.59 -0.65 0.50
EPS in Rs -19.78 226.33 -0.61 -1.28 -2.72 -1.61 -2.17 -2.61 -3.56 -3.28 -3.61 2.78
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 7%
5 Years: 27%
3 Years: 41%
TTM: 177%
Stock Price CAGR
10 Years: 9%
5 Years: 28%
3 Years: 54%
1 Year: 94%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77 1.77
Reserves -23.01 -1.32 -1.43 -1.66 -2.15 -2.44 -2.84 -3.31 -3.95 -4.55 -5.20 -4.70
24.10 0.00 0.35 0.55 0.85 1.50 1.95 3.00 3.35 3.93 4.60 4.83
19.89 2.94 0.02 0.03 0.24 0.01 0.02 0.01 0.02 0.02 0.03 0.15
Total Liabilities 22.75 3.39 0.71 0.69 0.71 0.84 0.90 1.47 1.19 1.17 1.20 2.05
22.19 2.68 0.58 0.51 0.51 0.51 0.51 0.97 0.91 0.85 0.81 0.78
CWIP 0.18 0.18 0.00 0.00 0.00 0.00 0.12 0.00 0.04 0.04 0.07 0.09
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.38 0.53 0.13 0.18 0.20 0.33 0.27 0.50 0.24 0.28 0.32 1.18
Total Assets 22.75 3.39 0.71 0.69 0.71 0.84 0.90 1.47 1.19 1.17 1.20 2.05

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.73 -17.29 -3.18 -0.11 -0.20 -0.52 -0.18 -0.41 0.09 -0.11 -0.12 1.10
0.13 53.92 2.64 0.00 0.00 -0.09 -0.03 -0.39 -0.04 0.00 -0.03 -0.02
-2.87 -36.35 0.33 0.15 0.21 0.51 0.25 0.75 -0.03 0.14 0.19 -0.27
Net Cash Flow -0.01 0.28 -0.22 0.04 0.01 -0.10 0.04 -0.04 0.02 0.03 0.04 0.80

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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
Inventory Days
Days Payable
Cash Conversion Cycle
Working Capital Days
ROCE % -2.70% -27.19% -438.60% -25.19% -72.57% -23.08% -22.22% -14.53% -19.77% -12.93% -14.66%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 18.46% 18.05% 18.05% 18.05% 18.04% 18.04% 17.79% 17.09% 17.09% 17.09% 17.09%
18.82% 18.82% 19.23% 19.23% 19.23% 19.23% 19.23% 19.49% 20.19% 20.19% 20.18% 20.18%
No. of Shareholders 1,5251,5311,5371,5361,5671,5881,6661,7521,7951,9021,9882,020

* 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.

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