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Cochin Minerals financials

Market cap
₹242 Cr
Sector
Chemicals

What Cochin Minerals does

Cochin Minerals and Rutile Limited manufactures synthetic rutile, a titanium-dioxide feedstock, at its factory in the Edayar Industrial Development Area, Aluva, Kerala. As part of the same production process, the company also produces and markets water-purifying chemicals such as ferric chloride, ferrous chloride and other by-products. The company commenced commercial production in 1993 and has since scaled up its synthetic rutile plant capacity from 10,000 TPA to 50,000 TPA using indigenous technology and plant and machinery.

Segments

  • Synthetic rutile
  • Water-purifying chemicals
Synthetic rutile plant capacity
50,000 TPA (scaled up from 10,000 TPA)
Manufacturing facility
1 factory — Edayar Industrial Development Area, Aluva, Kerala
Founded 1993Headquarters Aluva, Kerala Company website

Quarterly results

Q1 FY27: revenue up 74.7%, net profit up 300.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue89 65 75 75 65 −27%62 −5%86 +15%131 +75%
EBITDA10 6 4 3 2 −80%3 −50%8 +100%15 +400%
Net profit7 5 6 3 3 −57%3 −40%3 −50%12 +300%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +2.6% 1Y

₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹298.2 on 10 Sept 2025 → ₹306. High ₹320.6 (3 Sept 2026), low ₹201.65 (30 Mar 2026).

Financials, as filed

Revenue fell 13.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 5.6%.

Year endingFY23FY24FY25FY26
Revenue₹444 Cr₹301 Cr₹317 Cr₹288 Cr
Operating profit₹72 Cr₹39 Cr₹29 Cr₹16 Cr
Operating margin16.2%13.0%9.1%5.6%
Interest₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹1 Cr₹0 Cr₹0 Cr₹1 Cr
Net profit₹56 Cr₹8 Cr₹24 Cr₹12 Cr
Net margin12.7%2.7%7.6%4.2%
Cash from operations₹-4 Cr₹6 Cr₹6 Cr₹31 Cr
Free cash flow₹-4 Cr₹4 Cr₹3 Cr₹25 Cr
ROCE62.0%27.0%23.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Reserves₹78 Cr₹84 Cr₹138 Cr₹141 Cr₹158 Cr₹164 Cr
Borrowings₹9 Cr₹0 Cr₹5 Cr₹6 Cr₹2 Cr₹6 Cr
Other liabilities₹22 Cr₹87 Cr₹32 Cr₹86 Cr₹30 Cr₹69 Cr
Total liabilities₹116 Cr₹179 Cr₹183 Cr₹240 Cr₹198 Cr₹247 Cr
Fixed assets₹18 Cr₹17 Cr₹17 Cr₹17 Cr₹19 Cr₹23 Cr
Capital work in progress₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹7 Cr₹0 Cr
Investments₹14 Cr₹14 Cr₹14 Cr₹15 Cr₹15 Cr₹15 Cr
Other assets₹79 Cr₹142 Cr₹147 Cr₹203 Cr₹158 Cr₹210 Cr
Total assets₹116 Cr₹179 Cr₹183 Cr₹240 Cr₹198 Cr₹247 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +0.19 pp while the public trimmed −0.19 pp.

Promoters
51.4%
DIIs
0.1%
Public
48.6%

Since Jun 2025

  • Promoters +0.19 pp
  • Public −0.19 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 50.5%, DIIs 0.6%, Public 48.9%.Dec '23: Promoters 50.6%, DIIs 0.6%, Public 48.8%.Mar '24: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Jun '24: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Sep '24: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Dec '24: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Mar '25: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Jun '25: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Sep '25: Promoters 51.2%, DIIs 0.1%, Public 48.8%.Dec '25: Promoters 51.3%, DIIs 0.1%, Public 48.6%.Mar '26: Promoters 51.4%, DIIs 0.1%, Public 48.6%.Jun '26: Promoters 51.4%, DIIs 0.1%, Public 48.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Cochin Minerals above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
S N Sasidharan Kartha 22.09%unchanged
Kerala State Industrial Development Corporation NBFC / DFI13.41%unchanged
Jaya S Kartha 4.94%unchanged
Mathew Cherian Mundanical 3.82%unchanged
Sach Exports Private Ltd 3.22%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.94%unchanged
Saran Sasidharan Kartha 2.56%unchanged
Anil Ananda Panicker 1.84%unchanged
John M T 1.63%unchanged
Empower India Capital Investments Private Limited 1.31%unchanged
Yogesh Kumar Kankaria 1.24%unchanged
Pushpadevi Rajora 1.17%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹306, this stock must grow earnings at 4% every year for 7 years. Our analysis caps realistic growth at ~-39%. At that growth it is worth ₹32 — downside of 90%.

Growth the price implies
3.8% a year
for 7 years, fading to 4%
It has actually compounded at
-40.3% a year
net profit, FY23–FY26 · EPS -39.5%
The gap
0.4 pp
-90% downside if it only repeats history
Price today ₹306 Value at the reference growth ₹31.72

Change the assumptions yourself →

Learn to analyse Cochin Minerals

Guides on how to read this kind of business and the numbers that matter.