Cochin Minerals & Rutile Ltd. reported 73% decrease in Q1FY24 profits to ₹2.26 crore & 32% decrease in revenues to ₹66.76 crore. Shares fell 10.67% to ₹242.85.

Cochin Minerals shares plummet 10.67% on Q1 results

With a market valuation of ₹254.91 Cr, Cochin Minerals and Rutile Ltd. is a small-cap company that engages in the specialty chemical industry.

Specialty chemical posts over 5500% growth in Q3 PAT, scrip up 101% in 6 months

Cochin Minerals & Rutile standalone net profit rises 501.59% in the March 2022 quarter

Cochin Minerals & Rutile reports standalone net loss of Rs 0.74 crore in the September 2021 quarter

Cochin Minerals & Rutile reports standalone net loss of Rs 0.92 crore in the June 2021 quarter

Cochin Minerals & Rutile reports standalone net profit of Rs 1.26 crore in the March 2021 quarter

Sintex Industries, Suzlon Energy, Acme Resources, Cochin Minerals & Rutile, DCM are set to release their quarterly earnings today.

Results today: IRCTC, Ruchi Soya, Suzlon Energy

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Cochin Minerals and Rutile Limited is engaged in making synthetic rutile, ferric chloride, ferrous chloride, iron hydroxide & recovered titanium dioxide (TiO2). The company's products are used in pigment manufacture, in welding electrodes etc. 