CMP: 104

Cochin Minerals & Rutiles manufactures inorganic chemicals. The Company makes synthetic rutile, ferric chloride and recovered titanium dioxide. Cochin products are used as flux in welding electrode manufacture, paper products, ceramic rubber and plastic industries, and water and sewage treatment.

Cochin Minerals is a 81 Crore penny cap stock. Its currently trading at a P/E of 6 with good dividend yields of close to 2% in the last 12 months. Minimal liabilities. Revenues have grown steadily from 92 Crores to 132 Crores in the last 5 years. Profits have fluctuated between 2 Crores to 9 Crores in the last 5 years. Its the recent quarters (Q1 & Q2 FY12) that have been most impressive with profits growing more than 400% over last year backed by NPM growth. Buy, accumulate if further quarter results yield well and hold for long term gains.