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Coromandel International Ltd

COROMANDEL

Coromandel International Ltd

COROMANDEL
MaterialsFertilizers & Agro Chemicals
MidcapWith a market cap of ₹51,786 cr, stock is ranked 181
Moderate RiskStock is 2.01x as volatile as Nifty
1,769.800.00% (+0.00)
1,769.800.00% (+0.00)

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MaterialsFertilizers & Agro Chemicals
MidcapWith a market cap of ₹51,786 cr, stock is ranked 181
Moderate RiskStock is 2.01x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsFertilizers & Agro Chemicals
MidcapWith a market cap of ₹51,786 cr, stock is ranked 181
Moderate RiskStock is 2.01x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
37.905.480.34%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.003.521.32%

Forecast & Ratings

Detailed Forecast 
80%
Analysts have suggested that investors can buy this stock

from 10 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Coromandel International is engaged in the manufacture and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 10.94%, vs industry avg of 10.42%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 10.22% to 10.41%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 17.91%, vs industry avg of -4.06%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue11,570.7310,084.8611,142.6113,262.4813,177.5114,262.4119,258.8629,799.0322,289.7521,799.70
Raw Materialssubtract8,836.426,815.367,761.5110,124.738,851.919,148.4614,331.9924,220.3616,748.7319,474.59
Power & Fuel Costsubtract211.76205.16230.35250.60280.46314.83340.33400.11376.68
Employee Costsubtract291.87310.84361.87411.07461.08538.57587.18656.55697.51
Selling & Administrative Expensessubtract878.64889.641,093.671,122.52927.08949.011,086.251,206.071,240.64
Operating & Other expensessubtract495.92827.07379.68-103.56885.181,246.84615.24243.14622.61
Depreciation/Amortizationsubtract106.12100.7199.13113.84158.01173.08172.65181.95228.56260.75
Interest & Other Itemssubtract220.94223.78178.31250.70235.28105.6775.47190.01186.57223.30
Taxes & Other Itemssubtract171.62235.34346.78372.10313.47456.80521.29687.91546.26474.75
EPS12.2716.3623.6724.6436.3845.3452.0968.5255.8146.40
DPS4.005.006.506.5012.0012.0012.0012.006.006.00
Payout ratio0.330.310.270.260.330.260.230.180.110.13

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual report

PDF

Investor Presentation

Nov 15PDF
Jul 27PDF
FY 2018

Annual report

PDF

Investor Presentation

Jun 4PDF
Nov 8PDF
FY 2020

Annual report

PDF

Investor Presentation

Aug 19PDF
FY 2023

Annual report

PDF

Investor Presentation

May 16PDF
Nov 3PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsFertilizers & Agro Chemicals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Coromandel International Ltd31.545.480.34%
Fertilisers And Chemicals Travancore Ltd443.6747.140.10%
UPL Ltd-39.971.470.16%
Bayer Cropscience Ltd37.009.612.30%

Price Comparison

Compare COROMANDEL with any stock or ETF
Compare COROMANDEL with any stock or ETF
COROMANDEL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding57.17%16.63%4.64%7.79%13.78%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep7.56%7.19%7.71%7.34%7.52%7.79%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.30%

Top 5 Mutual Funds holding Coromandel International Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
2.4377%2.49%0.01%5/75 (+1)
Axis Midcap Fund - Growth - Direct Plan

Growth
1.2545%2.17%0.07%9/113 (+4)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH

Growth
1.1790%2.85%-0.01%4/82 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

COROMANDEL has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.34%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.41 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 26, 2024

Final
Final | Div/Share: ₹6.00

Dividend/Share

₹6.00

Ex DateEx Date

Jul 26, 2024

Cash Dividend

Ex DateEx DateJul 14, 2023

Final
Final | Div/Share: ₹6.00

Dividend/Share

₹6.00

Ex DateEx Date

Jul 14, 2023

Cash Dividend

Ex DateEx DateFeb 17, 2023

Interim
Interim | Div/Share: ₹6.00

Dividend/Share

₹6.00

Ex DateEx Date

Feb 17, 2023

Cash Dividend

Ex DateEx DateJul 14, 2022

Final
Final | Div/Share: ₹6.00

Dividend/Share

₹6.00

Ex DateEx Date

Jul 14, 2022

Cash Dividend

Ex DateEx DateFeb 14, 2022

Interim
Interim | Div/Share: ₹6.00

Dividend/Share

₹6.00

Ex DateEx Date

Feb 14, 2022

News & Opinions
Earnings
Coromandel International consolidated net profit declines 12.26% in the September 2024 quarter

Net profit of Coromandel International declined 12.26% to Rs 664.05 crore in the quarter ended September 2024 as against Rs 756.87 crore during the previous quarter ended September 2023. Sales rose 6.36% to Rs 7432.83 crore in the quarter ended September 2024 as against Rs 6988.13 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7432.836988.13 6 OPM %12.9415.10 - PBDT960.831053.50 -9 PBT891.85999.55 -11 NP664.05756.87 -12 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Coromandel International approves capex of Rs 800 cr

The Board of Directors of Coromandel International today approved capital projects with an investment outlay of around Rs 800 crore mainly pertaining to: (i) Enhancement of granulation capacity by 7.5 lakh tons per annum for manufacture of complex and unique fertilisers at Kakinada, Andhra Pradesh, and (ii) Setting up of a state-of-the-art Multi-Product Plant for manufacture of recently off-patented Fungicides at Ankleshwar, Gujarat. The capacity enhancement will involve setting up of a new granulation train for NPKs at Coromandel's existing fertiliser manufacturing unit at Kakinada. The new granulation train will have an annual production capacity of 7.5 lakh tons, taking the total production capacity of the Kakinada site to 30 lakh tons. Earlier this year, company announced the setting up of Phosphoric acid plant with a capacity of 650 tons per day (TPD) and sulphuric acid plant with a capacity of 2000 TPD at a cost of Rs 1000 crore. The strategic location of the Kakinada facility on the east coast of India provides Coromandel with logistical advantages, ensuring efficient supplies to markets across India. The proposed granulation plant will be equipped with state-of-the-art technology, adhering to the highest environmental and safety standards, while ensuring energy-efficient operations. The investment will enable production of high-quality phosphatic fertilisers to meet the growing demand of Indian farmers. Coromandel's Board has also approved the establishment of a state-of-the-art Multi-Product Plant (MPP) for manufacturing Crop Protection Technicals at its Ankleshwar unit in Gujarat. This move aligns with the company's growth ambitions in crop protection segment and capitalizes on India's emerging role as a key player in the global AgChem supply chain. The investment reflects Coromandel's longterm vision to become a leading player in crop protection, leveraging its expertise in complex chemistries to introduce next-generation molecules. Recently, the company has also launched 10 new crop protection products aimed at strengthening its domestic formulations business. The proposed MPP will further enhance Coromandel's backend manufacturing capabilities and help meet the growing demand for the identified products in both domestic and export geographies. Besides these major capex projects, the Board has also approved fund infusion into company's mining entity Baobab Mining Chemical Corporation (BMCC) at Senegal for its ongoing capex program. Also, during the quarter, Coromandel through its wholly owned subsidiary, Coromandel Chemicals, has announced acquisition of additional 8.8% stakes in BMCC, subject to regulatory approvals, which will take its overall shareholding in BMCC to 53.8%. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Coromandel International announces board meeting date

Coromandel International will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Coromandel International acquire additional stake in BMCC, Senegal

Coromandel International announced acquisition of additional equity stake in Baobab Mining and Chemicals Corporation (BMCC), Senegal, through its wholly owned subsidiary Coromandel Chemicals. Coromandel will acquire an additional 8.82% equity stake in BMCC, taking its overall shareholding to 53.8%. Coromandel will invest USD 3.84 million (Rs 32 crore) in BMCC, besides loan infusion of US$ 6.5 million (Rs 54 crore) to fund expansion projects and meet working capital requirements. Rock phosphate is a critical raw material for manufacturing Phosphoric Acid, an intermediate used for Phosphatic fertiliser production. BMCC, incorporated in 2011, has renewable exploitation permit for processing phosphate ore and Coromandel acquired 45% stake in September 2022. The company has since stabilised mining operations and is currently commissioning fixed processing plant to optimise the rock production. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Coromandel International appoints S Sankarasubramanian as MD & CEO

The Board of Directors of Coromandel International (CIL) today appointed S Sankarasubramanian, Executive Director ' Nutrient Business, as Managing Director and Chief Executive Officer (CEO) of Coromandel International with effect from 7 August 2024. Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Coromandel International consolidated net profit declines 37.05% in the June 2024 quarter

Net profit of Coromandel International declined 37.05% to Rs 310.97 crore in the quarter ended June 2024 as against Rs 494.03 crore during the previous quarter ended June 2023. Sales declined 16.94% to Rs 4728.83 crore in the quarter ended June 2024 as against Rs 5693.39 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales4728.835693.39 -17 OPM %10.3712.39 - PBDT487.02709.55 -31 PBT421.76661.45 -36 NP310.97494.03 -37 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Coromandel International to announce Quarterly Result

Coromandel International will hold a meeting of the Board of Directors of the Company on 7 August 2024Powered by Capital Market - Live

4 months agoCapital Market - Live

Coromandel is to scale up drone-spraying to cover 2 lakh acres by 2025

4 months agoThe Hindu Businessline

Stocks that will see action today: 19 July 2024

4 months agoThe Hindu Businessline
Corporate
Coromandel International to hike stake in Coromandel Crop Protection Philippines Inc

Coromandel International has executed agreement to subscribe to equity shares in Coromandel Crop Protection Philippines Inc (CCPP) by infusion of USD 193,000. This infusion of 193,000 USD will increase the Company's stake from 40% to 93.23% and then CCPP will become a subsidiary of the Company.Powered by Capital Market - Live

4 months agoCapital Market - Live