Company Valuation: Cochin Minerals and Rutile Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 761.1 896.1 829.6 2,147 2,108 1,998
Change - 17.75% -7.43% 158.85% -1.84% -5.22%
Enterprise Value (EV) 1 725.1 971.6 828.2 1,696 1,978 1,885
Change - 33.99% -14.76% 104.74% 16.63% -4.68%
P/E 12.7x 11.1x 13.4x 3.81x 24.5x 8.48x
PBR 0.98x 1.05x 0.91x 1.47x 1.42x 1.21x
PEG - 0.3x -0.6x 0x -0.3x 0x
Capitalization / Revenue 0.29x 0.37x 0.29x 0.48x 0.7x 0.63x
EV / Revenue 0.28x 0.41x 0.29x 0.38x 0.66x 0.59x
EV / EBITDA 3.38x 4.79x 8.88x 2.17x 5.03x 5.22x
EV / EBIT 3.47x 5.08x 9.97x 2.2x 5.14x 5.39x
EV / FCF 2.11x -6.26x 13.5x 10.6x -17.5x 109x
FCF Yield 47.4% -16% 7.38% 9.45% -5.72% 0.92%
Dividend per Share 2 2 - 1.5 8 8 8
Rate of return 2.06% - 1.42% 2.92% 2.97% 3.14%
EPS 2 7.646 10.36 7.93 72.07 10.98 30.09
Distribution rate 26.2% - 18.9% 11.1% 72.9% 26.6%
Net sales 1 2,636 2,392 2,898 4,439 3,004 3,191
EBITDA 1 214.6 202.9 93.31 779.8 393.2 360.8
EBIT 1 208.9 191.3 83.03 770.4 384.7 349.4
Net income 1 59.87 81.09 62.11 564.3 85.95 235.6
Net Debt 1 -35.96 75.46 -1.402 -451.7 -130.2 -112.8
Reference price 2 97.20 114.45 105.95 274.25 269.20 255.15
Nbr of stocks (in thousands) 7,830 7,830 7,830 7,830 7,830 7,830
Announcement Date 9/7/20 A 8/11/21 A 8/10/22 A 8/23/23 A 8/2/24 A 7/16/25 A
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 20.63M
27.84x4.28x13.82x2.03% 125B
52.46x1.36x8.39x6% 42.42B
15.68x4.11x23.43x4.08% 36.82B
12.44x1.2x6.82x2.42% 33.04B
9.6x2.81x6.97x4.63% 22.17B
23.51x - - 1.69% 20.22B
33.32x2.64x14.97x0.38% 19.45B
11.44x0.95x8.43x3.46% 19.08B
5.55x0.78x4.83x4.96% 17.99B
Average 21.31x 2.27x 10.96x 3.29% 33.64B
Weighted average by Cap. 24.83x 2.94x 12.23x 3.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Cochin Minerals and Rutile Limited