BSE: 508571
COCHIN MALABAR ESTATES & INDUS
Cochin Malabar Estates & Industries is classified under Tyres & Rubber Products but shows no meaningful operating revenue in its filings. For FY26, revenue from operations was ₹22.13 lakhs while total income was ₹137.64 lakhs, with almost the entire amount (₹137.44 lakhs) coming from 'other income' rather than its own business activity. In Q3 FY26 alone, revenue from operations was just ₹0.20 lakh, indicating the trading/operating side is effectively dormant. The company states it is developing land assets in Goa, and a capital work-in-progress item of ₹71.84 lakhs was written off as an exceptional item in FY26. The auditor has flagged a going concern risk, noting that net worth is fully eroded, current liabilities exceed current assets, and total borrowings stand at ₹399 lakhs. Most recent filings are routine compliance, board-meeting notices, and disclosures about director appointments rather than operational updates. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Revenue from operations, Other income. Dormant shell-like entity with eroded net worth; classified under tyres & rubber products but with no active operating business disclosed in filings.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (1) | (1) | 0 | 1 | (0) |
| EPS, as reported (₹) | (3.34) | (3.68) | 2.82 | 7.23 | (2.60) |
| ROE % · ROCE % | 21.4 · 5.6 | 19.0 · 5.1 | (17.1) · (34.2) | (77.9) · (71.0) | 21.9 · 10.6 |
| Debt / equity (x) | (1.42) | (1.34) | (1.65) | (2.15) | (1.90) |
| Cash from operations | (0) | (0) | 1 | 1 | (0) |
| Capex | 0 | (0) | (0) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | 1 | (0) | (0) | (0) | (0) | (0) |
| Net profit | (0) | (0) | 2 | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | (0.83) | (0.78) | 9.77 | (0.61) | (0.53) | (0.59) | (0.86) | (0.68) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MRF LTD | 50,055 | 20.7 | 2.39 | 9.8 | 11.6 | 14.0 | 14.0 | 14.1 |
| BALKRISHNA IND. LTD | 40,512 | 28.8 | 3.70 | 17.5 | 11.3 | 13.0 | 13.4 | 24.4 |
| APOLLO TYRES LTD | 24,642 | 14.4 | 1.47 | 8.1 | 8.2 | 6.2 | 10.4 | 12.8 |
| CEAT LIMITED | 12,546 | 21.5 | 2.48 | 7.7 | 13.8 | 12.8 | 15.6 | 8.4 |
| JK TYRE & INDUSTRIES LTD | 8,792 | 13.2 | 1.45 | 6.8 | 12.8 | 9.9 | 12.4 | 7.1 |
| TVS SRICHAKRA LIMITED | 3,199 | 34.6 | 2.69 | 13.3 | 6.0 | 6.3 | 13.4 | 8.8 |
| GOODYEAR INDIA LIMITED | 1,573 | 25.6 | 2.60 | — | 10.1 | 12.2 | — | 4.3 |
| MEGAMONT LIMITED | 537 | 58.4 | 15.89 | 56.5 | 18.4 | 21.3 | — | 2.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 29.2 | 9.9 | 1 of 17 | 100% |
| Profit growth | (10.5) | (5.8) | 9 of 16 | 47% |
| Market cap | 24 | 326 | 14 of 17 | 19% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Board meeting on Oct 30 to consider Q2/H1 FY26 unaudited results | results | low | — | — |
| 7 Oct 2026 · Routine quarterly compliance certificate filed with BSE | compliance | minimal | — | — |
| 25 Sept 2026 · 96th AGM Scrutinizer Report - All 4 Resolutions Passed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 96th AGM: All 4 Resolutions Passed by Members | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Summary of 96th AGM proceedings held on 25 September 2026 | board shareholder meetings | low | — | — |
| 25 Sept 2026 · 96th AGM held; financials adopted and director changes approved | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed ahead of Q2 results | compliance | minimal | — | — |
| 12 Sept 2026 · Newspaper ads on SEBI special window for demat of physical shares | compliance | minimal | — | — |
| 28 Aug 2026 · 96th AGM notice, annual report dispatch and e-voting information | compliance | minimal | — | — |
| 27 Aug 2026 · Annual Report FY26 filed; company swings to loss of Rs 46 lacs | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.