Coromandel International Ltd

Coromandel International Ltd

₹ 1,873 0.35%
12 May - close price
About

Coromandel International Ltd is one of India's leading agri solutions provider. It offers a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, bio pesticide, specialty nutrients, organic fertilizers, etc.[1]

Revenue Breakup
The company's business is divided among 2 main segments i.e. nutrient and other allied products (~85% of revenues) and crop protection (~15% of revenues).[2]

Fertilizers Business
The company sells various types of phosphatic fertilizers in the domestic market. It has ~40% share in the unique grade fertilizer sales in India. Overall, it is the 2nd largest phosphatic seller in India and largest single super phosphate (SSP) seller with a market share of ~15%.[3] It has a leading position in the states of Andhra Pradesh and Telangana; India's largest complex-fertiliser markets.[4]

Crop Protection Business
Under this business, the company sells a wide range of crop protection products under its 60+ brands based portfolio. It is 3rd largest manufacturer of mancozeb globally and exports accounts for ~37% of revenues of the business.[5]

Biologicals Business
The company has a rich product pipeline with research on compounds from plant extracts and microbial bio-pesticides. It is a leading manufacturer of azadirachtin in the world with ~65% export share. It exports to USA, Canada and Europe.[6]

Key Points

Business Segments
1) Crop Nutrition (89% in Q1 FY25 vs 87% in FY22): [1] [2] This segment includes products like:

  • Market Cap 55,166 Cr.
  • Current Price 1,873
  • High / Low 2,720 / 1,818
  • Stock P/E 26.3
  • Book Value 423
  • Dividend Yield 0.64 %
  • ROCE 25.4 %
  • ROE 17.9 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Promoter holding has decreased over last quarter: -0.51%
  • Debtor days have increased from 29.0 to 45.1 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
5,471 5,693 6,986 5,450 3,900 4,713 7,432 6,926 4,993 7,001 9,411 8,457 5,661
5,072 4,984 5,921 5,092 3,631 4,206 6,449 6,198 4,555 6,263 8,265 7,699 5,202
Operating Profit 399 710 1,064 358 269 507 983 727 438 738 1,147 758 459
OPM % 7% 12% 15% 7% 7% 11% 13% 10% 9% 11% 12% 9% 8%
49 47 46 60 127 54 77 112 221 82 102 80 -38
Interest 52 40 46 38 61 56 64 72 66 65 87 61 75
Depreciation 44 48 52 60 62 62 66 67 82 70 70 73 84
Profit before tax 351 668 1,012 320 273 443 930 700 511 685 1,092 705 261
Tax % 26% 24% 25% 24% 23% 25% 25% 25% 24% 26% 25% 25% 41%
262 505 762 243 209 331 696 525 389 508 816 530 154
EPS in Rs 8.90 17.18 25.88 8.24 7.11 11.24 23.63 17.83 13.20 17.24 27.68 17.96 5.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11,285 11,473 10,021 11,065 13,204 13,117 14,156 19,088 29,610 22,029 24,064 30,531
10,429 10,705 9,039 9,814 11,760 11,385 12,182 17,046 26,692 19,622 21,406 27,429
Operating Profit 856 768 982 1,251 1,444 1,732 1,974 2,042 2,918 2,407 2,658 3,102
OPM % 8% 7% 10% 11% 11% 13% 14% 11% 10% 11% 11% 10%
49 88 53 54 6 32 70 136 175 273 462 225
Interest 209 221 224 178 251 235 106 75 189 185 258 287
Depreciation 103 106 100 99 113 157 172 172 181 222 277 297
Profit before tax 592 529 712 1,028 1,086 1,371 1,766 1,931 2,722 2,272 2,585 2,743
Tax % 32% 32% 33% 33% 34% 23% 26% 27% 25% 24% 25% 27%
403 358 477 685 714 1,059 1,313 1,412 2,035 1,719 1,941 2,009
EPS in Rs 13.84 12.28 16.35 23.42 24.40 36.15 44.74 48.12 69.20 58.40 65.87 68.08
Dividend Payout % 33% 33% 31% 28% 27% 33% 27% 25% 17% 10% 23% 16%
Compounded Sales Growth
10 Years: 10%
5 Years: 17%
3 Years: 1%
TTM: 27%
Compounded Profit Growth
10 Years: 20%
5 Years: 10%
3 Years: 1%
TTM: 18%
Stock Price CAGR
10 Years: 24%
5 Years: 19%
3 Years: 24%
1 Year: -23%
Return on Equity
10 Years: 22%
5 Years: 21%
3 Years: 18%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 29 29 29 29 29 29 29 29 29 29 29 30
Reserves 2,135 2,474 2,783 2,898 3,405 4,360 5,183 6,269 7,839 9,374 10,970 12,445
2,282 2,677 2,231 2,731 2,957 2,022 385 395 392 438 545 829
3,862 3,866 3,520 4,215 4,257 3,807 3,351 4,520 5,931 5,841 6,691 9,221
Total Liabilities 8,309 9,046 8,563 9,873 10,647 10,218 8,948 11,213 14,191 15,682 18,236 22,524
1,365 1,315 1,324 1,324 1,307 2,023 2,007 2,083 2,192 2,777 3,140 4,452
CWIP 46 42 22 48 190 65 89 141 398 226 373 286
Investments 352 370 334 288 321 335 334 267 220 1,118 1,520 3,364
6,545 7,319 6,883 8,213 8,830 7,795 6,518 8,722 11,381 11,561 13,203 14,422
Total Assets 8,309 9,046 8,563 9,873 10,647 10,218 8,948 11,213 14,191 15,682 18,236 22,524

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
85 18 917 253 513 1,867 4,125 2,093 560 1,462 2,546 1,440
-220 -62 -72 44 -597 -219 -1,240 -1,647 656 -1,324 -2,769 -567
-67 9 -862 -1 -244 -1,726 -2,264 -442 -543 -412 -641 -670
Net Cash Flow -201 -36 -17 297 -328 -79 621 4 674 -274 -864 204
Free Cash Flow -5 -89 836 136 243 1,614 3,933 1,816 -8 957 1,880 107
CFO/OP 26% 25% 120% 48% 61% 129% 232% 126% 44% 86% 122% 70%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 46 52 59 52 51 48 14 5 7 23 19 45
Inventory Days 96 98 89 108 127 109 98 94 69 101 96 107
Days Payable 131 135 150 162 147 135 110 101 83 117 122 132
Cash Conversion Cycle 11 15 -3 -2 30 22 2 -2 -7 8 -8 19
Working Capital Days 11 24 39 26 42 65 64 40 39 48 32 60
ROCE % 20% 15% 18% 23% 23% 25% 31% 33% 39% 27% 25% 25%

Insights

In beta
Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Market Share - Phosphatic Fertilizers (Consumption based)
%

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Number of Retail Stores
Count
Fertilizer Manufacturing Capacity
Lakh MTPA
DAP + NPK (Manufactured) Sales Volume
Lakh MT
SSP Sales Volume
Lakh MT
DAP + NPK (Imported) Sales Volume
Lakh MT
Drone Spraying Coverage
Acres
Phosphoric Acid Capacity
Lakh MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.41% 57.34% 57.33% 57.33% 57.32% 57.17% 56.96% 56.96% 56.90% 56.88% 56.86% 56.35%
7.56% 7.18% 7.71% 7.34% 7.52% 7.79% 8.33% 10.61% 14.28% 14.51% 13.79% 13.02%
20.59% 21.11% 20.22% 20.63% 20.79% 21.26% 21.01% 18.97% 15.86% 15.78% 16.69% 18.19%
14.46% 14.37% 14.74% 14.70% 14.39% 13.77% 13.68% 13.44% 12.85% 12.73% 12.54% 12.24%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.10% 0.10% 0.10% 0.18%
No. of Shareholders 1,32,3441,23,6391,26,6281,36,4121,36,4971,41,3491,40,9591,43,5601,43,6231,45,2221,34,6551,37,335

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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