BSE: 508571 | NSE: | Rubber Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cochin Malabar Estates & Industries Ltd is a below average quality company.
The key valuation ratios of Cochin Malabar Estates & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cochin Malabar Estates & Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -16.4% | -26.3% | -75.6% | -22.5% | -23.1% | -15.1% | -19.5% | -13.4% | -15% | 64.9% | - |
| Value Creation Index ⓘ | -2.2 | -2.9 | NA | NA | NA | NA | NA | NA | NA | 3.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| Adj EPS ⓘ | -10.1 | -1.3 | -2.8 | -1.6 | -2.2 | -2.7 | -3.6 | -3.3 | -3.7 | 2.8 | 3.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 1.7 | 0.5 | -2.1 | -3.8 | -6 | -8.7 | -12.3 | -15.7 | -19.3 | -16.5 | -18.3 |
| Adj Net Profit ⓘ | -1.8 | -0.2 | -0.5 | -0.3 | -0.4 | -0.5 | -0.6 | -0.6 | -0.7 | 0.5 | 1 |
| Cash Flow from Ops. ⓘ | -3.2 | -0.1 | -0.2 | -0.5 | -0.2 | -0.4 | 0.1 | -0.1 | -0.1 | 1.1 | - |
| Debt/CF from Ops. ⓘ | -0.1 | -5.1 | -4.3 | -2.9 | -10.6 | -7.3 | 36.4 | -36.8 | -37 | 4.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -228.4% | NA | NA | NA | ||||
| Share Price | 11.6% | 29.7% | 29.5% | 114.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -452.3 | -99 | 377.4 | 55.6 | 45.6 | 36.4 | 34.6 | 23.9 | 21 | -15.7 | -17.5 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | INF |
| Debt to Equity ⓘ | 1.1 | 6.8 | -2.3 | -2.2 | -1.8 | -2 | -1.5 | -1.4 | -1.3 | -1.7 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | 29.8 |
| TTM Sales (₹ Cr.) | 0 | 24 |
| BVPS (₹.) ⓘ | -18.3 | 0 |
| Reserves (₹ Cr.) ⓘ | -5 | -14 |
| P/BV ⓘ | -11.21 | 0.00 |
| PE ⓘ | 67.20 | 6.87 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 86.45 / 261.45 |
| All Time Low / High (₹) | 16.30 / 261.45 |
| Market Cap (₹ Cr.) | 36.3 |
| Equity (₹ Cr.) | 1.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 1.85 | 0.10 | 0.42 | 0.15 | 0.20 | 0.13 | 0.19 | 0.10 | 0.13 | 0.11 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Costs ⓘ | 1.85 | 0.10 | 0.42 | 0.15 | 0.19 | 0.13 | 0.18 | 0.09 | 0.12 | 0.09 |
| Operating Profit ⓘ | -1.85 | -0.10 | -0.42 | -0.15 | -0.20 | -0.13 | -0.19 | -0.10 | -0.13 | -0.11 |
| Operating Profit Margin (%) | - | - | - | - | - | - | - | - | - | - |
| Other Income ⓘ | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 1.14 |
| Interest ⓘ | 0.02 | 0.06 | 0.08 | 0.14 | 0.20 | 0.30 | 0.39 | 0.44 | 0.48 | 0.50 |
| Depreciation ⓘ | 0.66 | 0.07 | 0 | 0 | 0 | 0.04 | 0.07 | 0.05 | 0.04 | 0.03 |
| Exceptional Items ⓘ | 2.41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.11 | -0.23 | -0.49 | -0.29 | -0.39 | -0.47 | -0.64 | -0.59 | -0.65 | 0.50 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0.11 | -0.23 | -0.49 | -0.29 | -0.39 | -0.47 | -0.64 | -0.59 | -0.65 | 0.50 |
| PAT Margin (%) | - | - | - | - | - | - | - | - | - | - |
| Adjusted EPS (₹) | -0.6 | -1.3 | -2.8 | -1.6 | -2.2 | -2.7 | -3.6 | -3.3 | -3.7 | 2.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.34 | 0.12 | -0.38 | -0.67 | -1.06 | -1.54 | -2.18 | -2.77 | -3.42 | -2.93 |
| Share Capital ⓘ | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 | 1.77 |
| Reserves ⓘ | -1.43 | -1.66 | -2.15 | -2.44 | -2.84 | -3.31 | -3.95 | -4.55 | -5.20 | -4.70 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0.35 | 0.55 | 0.85 | 1.50 | 1.95 | 3 | 3.35 | 3.93 | 4.60 | 4.83 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0.35 | 0.55 | 0.85 | 1.50 | 1.95 | 3 | 3.35 | 3.93 | 4.60 | 4.83 |
| Trade Payables | 0.01 | 0.01 | 0.22 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Others Liabilities ⓘ | 0.01 | 0.02 | 0.02 | 0 | 0 | 0.01 | 0.01 | 0 | 0.01 | 0.13 |
| Total Liabilities ⓘ | 0.71 | 0.69 | 0.71 | 0.84 | 0.90 | 1.48 | 1.19 | 1.17 | 1.19 | 2.05 |
Fixed Assets | ||||||||||
| Gross Block | 3.55 | 3.55 | 0.51 | 0.51 | 0.52 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
| Accumulated Depreciation | 2.97 | 3.04 | 0 | 0.01 | 0.01 | 0.05 | 0.12 | 0.17 | 0.21 | 0.25 |
| Net Fixed Assetsⓘ | 0.58 | 0.51 | 0.51 | 0.51 | 0.51 | 0.97 | 0.91 | 0.85 | 0.81 | 0.78 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0.12 | 0 | 0.04 | 0.04 | 0.07 | 0.09 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash Equivalents  ⓘ
| 0.07 | 0.11 | 0.13 | 0.12 | 0.06 | 0.02 | 0.04 | 0.07 | 0.11 | 0.91 |
| Others Assetsⓘ | 0.06 | 0.06 | 0.07 | 0.21 | 0.20 | 0.48 | 0.20 | 0.20 | 0.20 | 0.26 |
| Total Assets ⓘ | 0.71 | 0.69 | 0.71 | 0.84 | 0.90 | 1.48 | 1.19 | 1.17 | 1.19 | 2.05 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3.18 | -0.11 | -0.20 | -0.52 | -0.18 | -0.41 | 0.09 | -0.11 | -0.12 | 1.10 |
| PBT ⓘ | -0.11 | -0.23 | -0.49 | -0.29 | -0.39 | -0.47 | -0.64 | -0.59 | -0.65 | 0.50 |
| Adjustment ⓘ | -0.34 | 0.12 | 0.07 | 0.14 | 0.20 | 0.34 | 0.45 | 0.49 | 0.52 | 0.53 |
| Changes in Working Capital ⓘ | -2.74 | -0 | 0.22 | -0.25 | 0.01 | -0.28 | 0.28 | -0 | 0.01 | 0.12 |
| Tax Paid ⓘ | 0 | 0 | 0 | -0.13 | 0 | 0 | 0 | 0 | 0 | -0.06 |
| Cash Flow From Investing Activity ⓘ | 2.64 | 0 | 0 | -0.09 | -0.03 | -0.39 | -0.04 | 0 | -0.03 | -0.02 |
| Capex | 2.63 | 0 | 0 | 0 | -0.13 | -0.39 | -0.04 | 0 | -0.03 | -0.02 |
| Net Investments | 0 | 0 | 0 | -0.09 | 0.09 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.33 | 0.15 | 0.21 | 0.51 | 0.25 | 0.75 | -0.03 | 0.14 | 0.19 | -0.27 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.02 | -0.05 | -0.09 | -0.14 | -0.20 | -0.30 | -0.38 | -0.44 | -0.48 | -0.50 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.35 | 0.20 | 0.30 | 0.65 | 0.45 | 1.05 | 0.35 | 0.58 | 0.67 | 0.23 |
| Net Cash Flow ⓘ | -0.22 | 0.04 | 0.01 | -0.10 | 0.04 | -0.04 | 0.02 | 0.03 | 0.04 | 0.80 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -29.33 | -116.98 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | -16.36 | -26.29 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.2 | Working Capital Days |
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cochin Malabar Estates & Industries Limited was incorporated on March 14, 1930 and has been carrying on the business of rubber and tea plantations in the State of Kerala and Karnataka. The company is basically a plantation company with 3 Rubber Estates in Kerala admeasuring 5225 acres. The company had also purchased one Tea Estate admeasuring Idukki District, Kerala. This estate is being fully uprooted in a phased manner and being replanted with high yield varieties. The factory is also being upgraded and modernized extensively.
Besides the traditional plantation business, the company had diversified activities such as Fire Engineering Division at Bombay and a Aqua Culture Farm in Goa on an approximately 106 acres for cultivation of tiger prawns, shrimps, etc. The company had also started a 100% EOU Rubber Wood Processing factory near one of its estates viz., Kinalur Estate for converting the rubber wood into hard and strong wood by chemical treatment with foreign knowhow.
Pursuant to agreement dated September 30, 2008 Joonktollee Tea & Industries Ltd., a Bangur Group Company took over the control of the Board of The Cochin Malabar Estates & Industries Limited, which has become a subsidiary of Joonktollee Tea & Industries Ltd. by virtue of Sec. 4(1)(a) of the Companies Act, 1956. Joonktollee Tea & Industries Ltd. is the single largest share holder, holding approximately 23% of the equity share capital of the company. The promoters are represented by Hemant Bangur, Chairman of the Board of Directors of the company.
Estates
Rubber Estates
The Chemoni Estate & Pudukad Estate is located at Palapilly Post, Trichur District, Kerala and covering total of 2777.60 acres of land. The Kinalur Estate is located at Balusseri Post, Kozikode District, Kerala and covering 2446.31 acres of land.
The company produced 10,21,055 kgs of Rubber from its estates during the financial year 2009-10. The yield will further go up when the modern high yielding variety clones now under immaturity would start yielding. The company is fully equipped with two Rubber Processing Factories in two Rubber Estates viz., Chemoni having Centrifuge Latex Factory and Pudukad having EBC and Skim Crape Processing Factory. The company has three “ALFA LAVAL†centrifuging plants in its estate factories having capacity to process latex more than the crop obtained from its own plantations. The company is systematically purchasing Ammoniated Field latex (raw material) from other plantations to manufacture high value centrifuged latex to cater to its established market. All factories have requisite and adequate facilities to treat effluents. The company in fact has the distinction of having won the prestigious award from the Government of Kerala for its efficient effluent treatment plant. The Estates are well managed and labour management relations so far have been cordial. The permanent labour strength of the estate is 610 approximately including staffs and sub-staffs. In addition, the estates employ casual labour as and when necessary.
Tea Estates
Pullikanam Estate & Kolahalmedu Estate is located at Vagamon Post, Idukki District, Kerala and covering 1101.23 acres of land.
The harvested crop was 4 ,15,850 kgs of made Tea during the financial year 2009-10, which is expected to considerably go up in due course when the massive replanting start yielding. The tea manufactured by the company has the best quality standards in the region. The estate has its own infrastructural facilities like H. T. Power supply, stand-by Generators, Telephones, necessary buildings for office, factory, hospitals, Labour Lines, staff Quarters and Bunglow for Managerial Staffs. The permanent labour strength of the estate is 340 approximately including staffs and sub-staffs. In addition, the estates employ casual labour as and when necessary.
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