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 8/11/21 8/10/22 8/23/23 8/2/24 7/16/25
1INR in Million2INR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 20.25M
27.95x4.31x13.9x2.04% 126B
19.11x5.18x35.38x1.94% 44.85B
51.54x1.33x8.38x6.14% 41.19B
11.66x1.15x6.52x2.62% 31.72B
9.41x2.76x6.85x4.73% 21.8B
6.06x0.78x5.14x4.9% 18.19B
31.05x2.5x14.13x0.41% 18.14B
98.07x16.99x63.9x0.06% 17.3B
20.03x - - 1.98% 17.29B
Average 30.54x 4.37x 19.27x 2.76% 33.7B
Weighted average by Cap. 29.10x 4.01x 17.21x 2.72%

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