Cochin Malabar Estates & Industries Ltd. is engaged in rubber and tea plantations in Karnataka and Kerala. It was incorporated on 14 March 1930, with its headquarters in Kerala. For the quarter that ended in June 2022, the company posted a loss of Rs 0.18 crore for the fourth consecutive quarter. Cochin Malabar Estates & Industries Ltd.’s market capitalisation on 19 October 2022 stood at Rs 11 crore.
The company’s Bombay Stock Exchange listing code is 508571. It is not listed on the National Stock Exchange.
Apart from the traditional plantation business, Cochin Malabar Estates & Industries Ltd. has diversified into ventures like an aquaculture farm in Goa for the cultivation of shrimps, tiger prawns, etc., and a fire engineering division in Mumbai. The company also launched a rubber wood processing factory for converting rubber wood into hard and strong wood.
On 30 June 2022, its shareholding pattern displayed a 62.72% promoter stake, 18.04% DII stake, and 19.23% public stake. Joonktollee Tea and Industries Ltd. is the leading promoter with a 24.68% share, followed by The Oriental Company Ltd. with an 18.25% share. The promoter and institutional investors’ holdings did not change in the June 2022 quarter.
The company’s directors include Mr Hemant Bangur, Mr C P Sharma, Mr J K Surana, Ms Tara Purohit, Mr Mohit Kandoi, and Mr Arun Kumar Ruia. JKVS & Co. and Singhi & Co. are the company’s auditors. As of 30 June 2022, the company had 0.18 crore shares outstanding. For FY 2021-2022, the company’s balance sheet divulged total assets worth Rs 1.17 crore, down 1.68% against Rs 1.19 crore in the previous financial year, 2020-2021. Its liabilities increased from Rs 3.37 crore in FY 2020-2021 to Rs 3.94 crore in FY 2021-2022.
On 19 October 2022, the share’s closing price was Rs 62.25 on BSE. As it is not listed on NSE, there was no price update. The 52-week high for Cochin Malabar Estates & Industries Ltd.’s share price was Rs 94.50, and the 52-week low price was Rs 37.30. The share gave a one-year return of 66.89% to the investors.
The company’s peers include TATA Consumer Products Ltd., Tata Coffee Ltd., Rossell India Ltd., and CCL Products India Ltd.
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