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Coromandel International Ltd share Price Today

Company details

1,544.00
1,640.00
913.55
1,688.45
6M Return 30.49%
1Y Return 64.10%
Mkt Cap.(Cr) 45,635.72
Volume 1,218,564
Div Yield 0.39%
OI
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OI Chg %
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Volume 1,218,564

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Fertilizers company Coromandel International announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Standalone:

  • Total Income in Q4 was at Rs 4,027 crore vs Rs 5,519 crore in Q4 of previous year, registering a decline of 27%.
  • EBITDA for Q4 was Rs 269 crore vs Rs 399 crore in Q4 of previous year, registering a decline of 33%.
  • PAT for Q4 was Rs 209 crore vs Rs 262 crore in Q4 of previous year, registering a decline of 20%.

Consolidated:

  • Total income for the quarter ended March 2024 was at Rs 3,996 crore vs. Rs 5,523 crore for the quarter ended March 2023.
  •  The profit after tax for the quarter was at Rs 164 crore as against Rs 246 crore for the quarter ended March 2023.

FY24 Financial Highlights:

Standalone:

  • Total Income for the year ended 31st March 2024 was at Rs 22,308 crore vs Rs 29,784 crore over previous year, registering a decline of 25%.
  • EBITDA was Rs 2,401 crore vs Rs 2,918 crore in previous year, registering a decline of 18%.
  • PAT was Rs 1,719 crore vs Rs 2,035 crore in previous year, registering a decline of 16%.

Consolidated:

  • Coromandel’s total income for FY23-24 was at Rs 22,290 crore vs. Rs 29,799 crore in the previous year. 
  • The profit after tax for the year was at Rs 1,641 crore as against Rs 2,013 crore in the previous year.

Commenting on the financial results, Mr. Arun Alagappan, Executive Vice Chairman, Coromandel International said, "FY2023-24 was marked by a challenging business environment as sub normal monsoons and lower reservoir levels in Coromandel’s key operating markets impacted the agri-inputs consumption. Further, the sharp corrections in subsidy rates in second half of the year coupled with global headwinds in Crop Protection resulted in margin pressure. Despite this, Coromandel adapted well to register a satisfactory performance and has taken progressive steps to strengthen its operations during the year. Fertilizer Plants operated at higher capacity at 95% levels and improved its backward integration capabilities. Crop Protection registered a strong 20% volume growth across the international and domestic markets and plans to introduce new molecules through captive and in-licensing arrangements. Retail stores improved its farm level outreach and is expanding its footprint in new markets in FY25. Company has also scaled up its drone spraying services and during the year covered 25000 acres.

As part of its diversification strategy, the Company forayed into Speciality chemicals by leveraging its existing infrastructure and continued its engagement on CDMO opportunity. Investment in drone company Dhaksha is progressing well with a strong order book of around Rs 250 crores from Defence and Agriculture segments.

Going forward, the company is committed to strengthen its core businesses and invest in novel technologies and adjacent opportunities. The forecast of an above normal monsoon and correction in NBS rates bodes well for the industry and we expect the market fundamentals to improve in the coming period."

Result PDF

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Fertilizers company Coromandel International announced Q4FY23 & FY23 results:

  • Standalone Q4FY23:
    • Income in Q4FY23 was at Rs 5,519 crore compared with Rs 4,294 crore in Q4FY22, a growth of 29%
    • EBITDA for Q4FY23 was Rs 399 crore, a growth of 47% over Q4FY22
    • PAT for Q4FY23 was Rs 262 crore vs Rs 183 crore in Q4FY22, growth of 43% YoY
  • Standalone FY23:
    • Income for FY23 was at Rs 29,784 crore compared with Rs 19,231 crore of FY22, growth of 55%
    • EBITDA for FY23 was Rs 2,918 crore vs. Rs 2,036 crore in FY22
    • PAT for FY23 was Rs 2,035 crore vs Rs 1,412 crore in FY22, registering a y/y growth of 44%
  • Consolidated Q4FY23:
    • Income for Q4FY23 was at Rs 5,523 crore vs. Rs 4,304 crore for Q4FY22
    • Profit after tax for Q4FY23 was at Rs 246 crore as against Rs 290 crore for Q4FY22
  • Consolidated FY23:
    • Income for FY23 was at Rs 29,799 crore vs. Rs 19,255 crore in FY22
    • Profit after tax for FY23 was at Rs 2,013 crore as against Rs 1,528 crore in FY22
  • The Board has recommended a final dividend of Rs 6 per share for FY23

Commenting on the financial results, Arun Alagappan, Executive Vice Chairman, Coromandel International said: During the financial year 2022-23, Coromandel delivered a robust performance, registering strong growth in turnover and profitability with its diversified portfolio of Nutrients, croreop Protection, Bio Products and Retail business.

During the year, Coromandel strengthened its backward integration capabilities in the Nutrient’s business by acquiring 45% shareholding in Rock Phosphate mining company in Senegal. Major capital expenditure projects like sulphuric acid plant and desalination plant are progressing well as per schedule.

In the croreop Protection business, the company started manufacturing Technicals from its newly commissioned multi-purpose plant at Ankleshwar. It further plans to bolster its manufacturing capabilities via greenfield expansion. The company also intends to leverage its technical expertise, manufacturing infrastructure, and capabilities to foray into adjacencies like the CDMO domain and specialty chemicals.

The company continued its focus on new product development and has been granted 14 patents during the year. The company successfully developed NANO DAP and has received necessary regulatory approvals for the same. It launched 9 new products across its various SBUs during the year, including a pre-emergent herbicide which was launched during the quarter. The company invested in 3 ag-tech start up companies during the year and continues to promote adoption of agri-technology solutions with the farmers.

Indian Economy continues to progress well. The healthy reservoir levels and good soil moisture conditions could offset the likely El Nino impact during the upcoming Kharif season and efforts are underway to mitigate any adverse impact of below-normal monsoons. As a leading Agri solutions provider, Coromandel will continue to promote integrated farm practices and bring prosperity to the farming community”.

 

 

Result PDF

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Fertilizers firm Coromandel International announced Q3FY23 results:

  • Standalone Q3FY23:
    • Total Income in Q3 was at Rs 8,350 crore compared with Rs 5,101 crore during the same period the previous year, registering a growth of 64% over the previous year.
    • EBITDA for Q3 was Rs 781 crore, a growth of 44% over Q3 of the previous year.
    • PAT for Q3 was Rs 539 crore vs Rs 379 crore in Q3 of the previous year, registering a YoY growth of 42%.
    • Total Income for nine months period ended 31st Dec 2022 was at Rs 24,265 crore compared with Rs 14,937 crore of the same period the previous year, registering a growth of 62% over the previous year.
    • EBITDA for nine months was Rs 2,519 crore vs Rs 1,764 crore in the previous year.
    • PAT for nine months was Rs 1,773 crore vs Rs 1,229 crore of the previous year, registering a YoY growth of 44%.
  • Consolidated Q3FY23:
    • Coromandel’s total income for the quarter ended December 2022 was at Rs 8,349 crore vs Rs 5,100 crore for the quarter ended December 2021.
    • The profit after tax for the quarter ended December 2022 was at Rs 527 crore as against Rs 382 crore for the quarter ended December 2021.

Commenting on the financial results, Mr. Arun Alagappan, Executive Vice Chairman, Coromandel International Ltd. said: "Overall, the agricultural environment remained favourable in most of the key operating markets with the above average monsoon, normal crop sowing and favourable policies from the Government aiding better availability of agri inputs.

Coromandel delivered an excellent performance during the quarter registering good growth in revenue and profitability which will help its further investments in Agribusiness.

Record volume sales in NPKs and higher subsidy realisation in the Nutrients business primarily led to increase in the revenue during the quarter. In Crop Protection business, Domestic formulation and B2B business grew during the quarter which was offset with headwinds faced in the export markets. Plants continued to operate efficiently and key capex projects for capacity expansion and backward integration are progressing as per schedule.

During the quarter, Company launched ‘Gardina’ a Speciality Nutrient product in the urban garden segment and ‘Azamax’ a bioinsecticide. The Crop Protection business continues to focus on refreshing its portfolio, new products launched in earlier quarters have received encouraging responses from the market and are doing well exceeding our estimates. 2 new technical & 3 new formulations are planned to be introduced in the 4th quarter which will further strengthen its offerings. Company continues to promote ag-tech solutions with farmers and plans to scale up drone applications after successful pilot tests.

Indian Economy continues to progress well and Agriculture is in the bright spot. As a leading Agri solutions provider, Coromandel will continue to promote integrated farm practices and bring prosperity to the farming community”.

 

 

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Fertilizers company Coromandel International announced Q2FY23 results:

  • Standalone:
    • Total Income in Q2FY23 was at Rs. 10,140 crore compared with Rs. 6,160 crore in the same period Q2FY22, registering a growth of 65% over Q2FY22.
    • EBITDA for Q2FY23 was Rs. 1,055 crore, a growth of 42% over Q2 of over Q2FY22.
    • PAT for Q2FY23 was Rs. 738 crore vs Rs. 520 crore in Q2FY22, registering a YoY growth of 42%.
    • Total Income in H1FY23 was at Rs. 15,916 crore compared with Rs. 9,837 crore in the same period Q2FY22, registering a growth of 62% over Q2FY22.
    • EBITDA for H1FY23 was Rs. 1,738 crore, a growth of 42% over H1FY22.
    • PAT for H1FY23 was Rs. 1,234 crore vs Rs. 850 crore in H1FY22, registering a YoY growth of 45%.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. said, "Coromandel delivered robust growth in revenue during the quarter, primarily led by high subsidy and MRP in the Nutrients business and volume-led growth in others. The agricultural environment remained favourable in most of the key operating markets with above average monsoon, normal crop sowing coupled with favourable policies from the Government.

Smart sourcing ensured the timely availability of key raw materials and the plants operated at higher capacity and improved efficiencies. Major infrastructure projects for capacity expansion and backward integration as part of the Atmanirbhar Bharat initiative are progressing as per schedule. The Company has opened 54 Pradhan Mantri Kisan Samruddhi Kendra (PMKSK) in the key agriculture districts in six States to drive balanced nutritional practices and help the farmers to increase their productivity. This will supplement our direct reach with the farming community in addition to our ~750 retail outlets.

During the quarter, Company launched the liquid fertiliser ‘Acumist Calcium’, a Speciality Nutrient product. The 4 new products launched in the Crop Protection business in Q1 have received encouraging responses from the market. During the year, the Crop Protection business has received 5 patent registrations for novel combinations developed by our R&D team. The Company continues to work on a promising product pipeline and has plans for further launches in the upcoming period. The Company has invested in ‘Daksha’, a Drone manufacturing company and has successfully done pilot trials at the farmer’s fields for our Nutrient and Crop Protection products.

With the timely onset of the North-East Monsoon, higher reservoir levels, residual soil moisture and softening commodity prices, we expect a favourable business environment in the upcoming Rabi season. As a leading Agri solutions provider, we will continue to drive farm productivity and bring prosperity to the farming community”

Result PDF

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Fertilizers firm Coromandel International Announced Q1FY23 Result :

  • Total Income in Q1 was at Rs.5,776 Cr compared with Rs.3,677 Cr of same period previous year, registering a growth of 57% over previous year.
  • EBITDA for Q1 was Rs.683 Cr registering growth of 42% over Q1 of previous year.
  • PAT for Q1 was Rs.496 Cr vs Rs. 329 Cr in Q1 of previous year registering a YoY growth of 50%
  • Coromandel’s total income for the quarter was at Rs.5,783 Cr as against Rs. 3,686 Cr in the corresponding quarter of the previous year. The profit after tax for the quarter was at Rs. 499 Cr as against Rs.338 Cr in the corresponding quarter of the previous year.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. “Coromandel registered a strong performance in Q1 with a 57% revenue growth over the same quarter last year, with growth in both nutrient and crop protection businesses due to high price of raw materials. The company focused on leveraging the operational efficiencies at the plants, smart sourcing enabled timely availability of raw materials and marketing efforts backed by agronomist activities ensured meeting the agricultural needs of the farming community. During the quarter, the company launched 4 new products in the Crop Protection Segment which have been well received by the farmers. Further, the company’s R&D team has developed a rich product pipeline of technically superior products which are planned to be introduced during the year. The company is successfully conducting drone spraying trials in the farmer’s fields with speciality nutrition and crop protection products.

The company’s capital expansion program is on track with the proposed Sulphuric Acid plant at Vizag and is building a multi-Purpose plant for Crop protection. The investment in the mining company, BMCC, Senegal through its 100% subsidiary Coromandel Chemicals Ltd is expected to be completed in the coming quarter which will help in securing our critical phosphate rock needs. The company through its 100% subsidiary, Dare Ventures Limited, invested in two Agri start-ups EcoZen and String Bio.

We are witnessing adequate monsoon coverage and higher reservoir levels which augers well for Indian agriculture in our key operating markets. We are ensuring timely availability of agri-inputs to the farming community through our dealers and our Retail outlets. Coromandel, with its diversified presence across the agri value chain, will continue to provide Balanced Nutrition and Integrated Pest Management solutions to maximise farm productivity.”

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Fertilizers firm Coromandel International declares Q4FY22 result:

  • Total Income in Q4 was at Rs. 4,294 Cr compared with Rs. 2,860 Cr of same period previous year, registering a growth of 50% over previous year.
  • EBITDA for Q4 was Rs. 272 Cr registering an increase of 20% over Q4 of previous year.
  • PAT for Q4 was Rs. 183 Cr vs Rs. 156 Cr in Q4 of previous year registering a YoY growth of 17%
  • Total Income for the year ended 31 st March 2022 was Rs. 19,231 Cr compared with Rs. 14,231 Cr of same period previous year, registering a growth of 35% over previous year.
  • EBITDA for FY 21-22 was Rs. 2,036 Cr vs. Rs. 1,970 Cr in previous year, registering an increase of 3% over previous year.
  • PAT for FY 21-22 was Rs. 1,412 Cr vs Rs. 1,313 Cr of previous year registering a YoY growth of 8%
  • Coromandel’s total income for the quarter was at Rs. 4,304 Cr as against Rs. 2,872 Cr in the corresponding quarter of the previous year. The profit after tax for the quarter was at Rs. 290 Cr as against Rs. 156 Cr in the corresponding quarter of the previous year.
  • Coromandel’s total income for FY 21-22 was at Rs. 19,255 Cr as against Rs. 14,257 Cr in the corresponding period of the previous year. The profit after tax was at Rs. 1,528 Cr as against Rs. 1,329 Cr in the previous year.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. said “During the financial year 2021-22, Agri sector registered a strong performance with record food grain production and agri-exports. This was helped by a 3rd consecutive year of good monsoons leading to high crop sowings during the year. Coromandel showed a resilient performance with its diversified portfolio of Phosphatic Fertilizer, Single Super Phosphate, Crop Protection, Bio Pesticide, Specialized Nutrition including Organic fertiliser promoted balanced nutrition and integrated pest management with the help of its strong dealer network, nutriclinics and rural Retail centres.

The Company ensured the timely availability of critical agri-inputs including Fertilizer despite the tight raw material situation, leveraging its long-term contracts with the suppliers and backward integration. The Company has embarked upon a digital transformation journey which will help in further improving efficiency by using real-time data and analytics in decision making across the value chain. The Company continues to invest in Supply Chain, Manufacturing excellence, R&D, New product development, Digital marketing & Branding. During the year, the Government has worked closely with the industry on policy reforms and supported it through timely subsidy disbursement.

Healthy reservoir levels, good soil moisture conditions and forecast of a normal-monsoon augers well for Indian agriculture for the ensuing Kharif season. Coromandel will leverage its strong presence in the agri-inputs space and continue to work closely with the Government and the farming community to ensure availability and providing sustainable farming solutions to enhance farm productivity.”

 

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Fertilizers company Coromandel International declares Q3FY22 result:

  • Total Income in Q3 was at Rs.5,093 Cr compared with Rs.3,521 Cr of same period previous year, registering a growth of 45% over previous year.
  • EBITDA for Q3 was Rs. 543 Cr, increased by 10% over Q3 of previous year.
  • PAT for Q3 was Rs. 379 Cr, vs Rs. 326 Cr in Q3 of previous year registering a y/y growth of 16%
  • Total Income for nine months period ended 31 st Dec 2021 is Rs. 14,943 Cr compared with Rs. 11,349 Cr of same period previous year, registering a growth of 32% over previous year.
  • EBITDA for nine months was Rs. 1,763 Cr, vs. Rs. 1,743 Cr in previous year.
  • PAT for nine months was Rs.1,228 Cr vs Rs. 1,156 Cr of previous year registering a y/y growth of 6%.
  • Coromandel’s total income for the quarter was at Rs.5,100 Cr as against Rs.3,542 Cr in the corresponding quarter of the previous year. The profit after tax for the quarter was at Rs. 382 Cr as against Rs.334 Cr in the corresponding quarter of the previous year
  • Coromandel’s total income for the nine-month period ended 31st Dec was at Rs.14,952 Cr as against Rs.11,385 Cr in the corresponding period of the previous year. The profit after tax was at Rs. 1,239 Cr as against Rs. 1,173 Cr in the previous year.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. “Coromandel registered a resilient performance in Q3, with a 45% revenue growth over the same quarter last year, driven by growth in nutrient and crop protection businesses. Coromandel continues to promote Balanced Nutrition and Integrated Pest Management. It is serving the farming community by providing crop specific products & solutions through its direct retail network and advisory through its agronomist teams.

The company is focusing on operational, sourcing and marketing efficiencies to ensure that agri inputs are available at the right time to the farmers. The company has been investing in R&D and product development and has launched innovative products to meet the agricultural needs of the farmers. During the year, the Government has been supporting the industry by ensuring timely disbursal of subsidy.

The company is augmenting the Government’s efforts in Covid management through vaccination programs, providing oxygen generating units and spreading the awareness of maintaining Covid protocols with the local communities around its Plants and in its extensive rural marketing network throughout the country. Healthy reservoir levels and good soil moisture conditions augers well for the upcoming Kharif Season. Coromandel shall continue to work to fulfil the needs of farmer community through its innovative products and farming solutions”.

Result PDF

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Highlights – Standalone Results:

  • Total Income in Q2 was at Rs. 6,184 Cr compared with Rs. 4,605 Cr of same period previous year, registering a growth of 34% over previous year.
  • EBITDA for Q2 was Rs. 740 Cr, declined by 12% over Q2 of previous year.
  • PAT for Q2 was Rs. 519 Cr, vs Rs. 582 Crs. in Q2 of previous year
  • Total Income in H1 was at Rs. 9,850 Cr compared with Rs. 7,828 Cr of same period previous year, registering a growth of 26% over previous year.
  • EBITDA for H1 was Rs. 1,220 Cr, vs. Rs. 1,250 crs. in H1 of previous year.
  • PAT for H1 was Rs. 849 Cr vs Rs. 830 Crs. of previous year. 

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. 

“Coromandel registered revenue growth of 34% during the quarter, driven by both nutrient and crop protection business. Coromandel ensured that agri inputs are made available to the farmers in its key operating markets and promoted the use of balanced nutrition including organic fertilizer to help to rejuvenate the soil and farm productivity.

Our Sourcing team ensured timely availability of key raw materials and the operational flexibility at the plants helped in high-capacity utilisation during the quarter. The company has increased its Bio extraction capacity, built a new liquid fertilizer plant and commissioned its 10th evaporator. Several capital projects for enhancing storage and de-bottlenecking the capacity in its plants are planned to be completed during this year. The New Products introduced by the company during the first half have received encouraging response from the market. The company continues to focus on new product development & applications and has a rich product pipeline for future growth.

The company ensured safe plant operations and worked with the local administration and communities to prevent the spread of COVID. The company ran an organisation wide vaccination program for its employees and its workmen. In this quarter, the company has installed seven oxygen generating plants at the Government hospitals to support healthcare infrastructure.

With healthy reservoir levels and good soil moisture conditions, we expect good traction in the upcoming Rabi season. Coromandel will continue to work on integrated crop management solution and ensure timely availability of agri-inputs to support the needs of the farming community."

 

 

 

 

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Coromandel International Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (7)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,611.9
R2 1,674.0
R3 1,707.9
Pivot

1,577.97

S1 1,515.9
S2 1,482.0
S3 1,419.9
EMA SMA
1,435.0
1,315.9
1,238.5
1,169.8
1,408.3
1,273.9
1,182.3
1,168.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 1001.85 249856 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 1001.85 47075 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 1001.85 249856 BSE
Name Category Shares
E.I.D.PARRY (INDIA) Limited PROMOTER 56.19%

OUR RESEARCH VIEW

Investment recommendation
Call Date
03 Nov 2023
Entry Price 1,020.00
Target Price 1,330.00
Duration
12-18 Month
BUY

FINANCIALS

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Operating Profit
Profit after Tax
Equity
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Sales
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P BV

Coromandel International Ltd Stocks COMPARISON

Financials( in Cr) Coromandel International Ltd Fertilizers & Chemicals Travancore Ltd Chambal Fertilisers & Chemicals Ltd Rashtriya Chemicals & Fertilizers Ltd Gujarat State Fertilizers & Chemicals Ltd
Price 1,549.90 1,134.45 517.10 207.79 251.62
% Change -5.71 4.04 -7.30 -6.51 -4.20
Mcap Cr 45,635.72 73,407.08 20,717.71 11,463.53 10,026.50
Revenue TTM Cr 29,627.90 6,198.15 27,772.81 21,451.54 11,368.69
Net Profit TTM Cr 2,012.93 612.99 1,033.79 966.31 1,265.92
PE TTM 27.79 187.40 16.24 58.60 17.79
1 Year Return 64.10 172.21 85.34 86.61 54.61
ROCE 38.22 28.14 16.38 21.79 12.70
ROE 28.22 60.82 15.35 22.81 10.63
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,907.79 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,632.06 8,630.44
LAST 3M 107,380.98 -14,987.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 295,969.92 99,991.16
Coromandel International Limited - Press Release

Jun 18, 2024 l NSE Announcement

Coromandel International signs MoU with ICAR-NBSS&LUP, Nagpur

Jun 17, 2024 l BSE Announcement

Date Action Type Ratio
Jul 26, 2024 Dividend 600
Jul 14, 2023 Dividend 600
Feb 17, 2023 Dividend 600

Coromandel International Ltd Information

Stock PE (TTM)
27.79
Promoter Holding
57.32%
Book Value
319.9229
ROCE
38.22%
ROE
28.22%
Description
  • Coromandel International Ltd is in the Fertilizers sector is having a Market Capitalization worth Rs. 22,525.64 crores, it is incorporated in the year 1960s. It has reported standalone sales of Rs. 3,685.62 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 506395, and also listed on the National Stock Exchange (NSE) with the code COROMANDEL.

    The name earlier knew the Company of Coromandel Fertilizers mainly works in four segments of Fertilizers, Specialty Nutrients, Crop Protection, and Retail. Coromandel International is a subsidiary of EID Parry managed by the Murugappa Group. Coromandel also operates in rural retail markets in the states of Andhra Pradesh, Maharashtra, and Karnataka. The company has a total of sixteen manufacturing units spread across eight states. The company is that the second-largest manufacturer and marketer of Phosphatic fertilizer in India. The company also leads the market of Organic Fertilizers in India. Recently, it has launched bio-pesticide solutions. The promoters of the company own 57.56% of the stake, Foreign Institutional Investors (FII) own 7.32%, Domestic Institutional Investors (DII) own 21.68% stake in the company, and others (such as public & retail investors) hold the balance of 13.45%.

    In June 2021, quarterly net revenue was Rs. 3,645.18 crores, which has increased by approximately 13.47 % from Rs. 3,212.36 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 329.18 crores, which has improved sharply and increased by nearly 32.94% from a net profit of Rs. 248.36 crores in June 2020. In June 2021, the reported operating profit was at Rs. 3,170.15 crores, which is also increased by 12.24% as compared to an operating profit of Rs. 2,824.52 crores for the quarter ending in June 2020. From an EPS of Rs. 8.48 in June 2020, the EPS of Coromandel International Ltd has risen to an EPS of Rs. 11.22 per share in June 2021. COROMANDEL's stock closed at Rs. 767.80 on 26th August’2021 (NSE). Coromandel International Ltd has given a marginally negative return of 1.45% in the last six months and returned 4.68% negatively in the previous year.

Registered Address

Coromandel House, 1-2-10 Sardar Patel Road, Secunderabad, Telangana, 500003

Tel : 91-40-27842034
Email : investorsgrievance:coromandel.murugappa.com
Website : http://www.coromandel.biz
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 506395
NSE Code : COROMANDEL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE169A01031

FAQ’s on Coromandel International Ltd Shares

You can buy Coromandel International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Coromandel International Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:59 PM the closing price of Coromandel International Ltd was Rs.1,549.90.

The latest PE ratio of Coromandel International Ltd as of Jun 21, 2024 03:59 PM is 27.79

The latest PB ratio of Coromandel International Ltd as of Jun 21, 2024 03:59 PM is 0.21

The 52-week high of Coromandel International Ltd share price is Rs. 1,688.45 while the 52-week low is Rs. 913.55

According to analyst recommendations, Coromandel International Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:59 PM, the market cap of Coromandel International Ltd stood at Rs. 45,635.72 Cr.

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