Coromandel International Ltd

About [ edit ]

Coromandel International Limited is an Indian corporation founded in the early 1960s by IMC and Chevron Companies of USA and EID Parry, headquartered in Hyderabad, Telangana, India. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients.

  • Market Cap 22,619 Cr.
  • Current Price 771
  • High / Low 881 / 443
  • Stock P/E 16.3
  • Book Value 167
  • Dividend Yield 1.56 %
  • ROCE 26.0 %
  • ROE 27.2 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 21.13% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.19%

Cons

  • Promoter holding has decreased by -2.00% over last quarter
  • The company has delivered a poor sales growth of 3.05% over past five years.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,415 2,518 5,009 3,044 2,633 2,132 4,855 3,276 2,854 3,212 4,597 3,513
2,237 2,306 4,343 2,740 2,377 1,937 4,142 2,846 2,466 2,800 3,759 3,020
Operating Profit 179 212 665 305 256 195 713 430 388 413 837 493
OPM % 7% 8% 13% 10% 10% 9% 15% 13% 14% 13% 18% 14%
Other Income 17 9 -10 8 5 10 9 9 10 10 9 9
Interest 51 64 70 51 65 80 66 46 43 42 26 21
Depreciation 24 25 26 27 35 30 42 41 45 42 42 42
Profit before tax 121 130 559 235 161 95 614 353 310 338 778 439
Tax % 29% 33% 34% 35% 33% 34% 18% 25% 25% 27% 25% 26%
Net Profit 85 88 366 153 107 62 503 263 231 248 582 326
EPS in Rs 2.92 3.00 12.53 5.22 3.67 2.13 17.20 8.98 7.88 8.47 19.83 11.12
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
9,375 6,395 7,639 9,823 8,560 9,381 11,285 11,473 10,021 11,065 13,204 13,117 14,175
8,719 5,679 6,545 8,709 7,823 8,640 10,429 10,707 9,039 9,815 11,760 11,385 12,045
Operating Profit 656 716 1,094 1,115 737 741 856 765 982 1,250 1,444 1,732 2,131
OPM % 7% 11% 14% 11% 9% 8% 8% 7% 10% 11% 11% 13% 15%
Other Income 293 127 42 28 65 46 49 90 53 55 6 32 37
Interest 85 75 86 117 177 211 209 221 224 178 251 235 133
Depreciation 56 59 62 56 59 82 103 106 100 99 113 157 171
Profit before tax 808 708 988 970 566 494 592 529 712 1,028 1,086 1,371 1,864
Tax % 39% 34% 30% 29% 22% 30% 32% 32% 33% 33% 34% 23%
Net Profit 496 468 694 693 444 345 403 358 477 685 714 1,059 1,387
EPS in Rs 17.74 16.69 24.64 24.53 15.69 12.18 13.84 12.28 16.35 23.42 24.40 36.15 47.30
Dividend Payout % 28% 30% 28% 29% 29% 37% 33% 33% 31% 28% 27% 33%
Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:9%
TTM:10%
Compounded Profit Growth
10 Years:8%
5 Years:21%
3 Years:31%
TTM:48%
Stock Price CAGR
10 Years:11%
5 Years:35%
3 Years:12%
1 Year:25%
Return on Equity
10 Years:24%
5 Years:22%
3 Years:25%
Last Year:27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
28 28 28 28 28 28 29 29 29 29 29 29 29
Reserves 1,099 1,407 1,876 2,343 2,147 2,205 2,135 2,474 2,783 2,898 3,405 4,360 4,862
Borrowings 1,720 1,918 1,370 2,464 2,270 1,518 2,282 2,677 2,231 2,731 2,957 1,628 534
1,834 1,038 1,950 2,471 2,901 3,312 3,862 3,866 3,520 4,215 4,257 4,201 4,153
Total Liabilities 4,682 4,391 5,224 7,306 7,347 7,062 8,309 9,046 8,563 9,873 10,647 10,218 9,578
764 804 794 807 1,142 1,211 1,365 1,315 1,324 1,324 1,307 2,023 1,980
CWIP 28 13 21 133 28 27 46 42 22 48 190 65 79
Investments 163 211 212 628 880 744 352 370 334 288 321 335 348
3,726 3,362 4,197 5,738 5,298 5,080 6,545 7,319 6,883 8,213 8,830 7,795 7,172
Total Assets 4,682 4,391 5,224 7,306 7,347 7,062 8,309 9,046 8,563 9,873 10,647 10,218 9,578

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-6 624 839 110 998 1,452 85 18 917 253 513 1,867
-180 -131 -13 -737 -594 -23 -220 -62 -72 44 -597 -219
420 -24 -736 640 -984 -1,360 -67 9 -862 -1 -244 -1,726
Net Cash Flow 234 468 90 13 -579 68 -201 -36 -17 297 -328 -79

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 33% 25% 34% 29% 16% 18% 20% 15% 18% 23% 23% 26%
Debtor Days 4 8 10 33 69 50 46 52 59 52 51 48
Inventory Turnover 7.22 4.33 4.71 4.53 4.26 4.90 4.51 3.88 3.60 3.94 3.49 3.15

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
61.81 61.80 61.80 61.80 61.78 61.72 61.72 61.69 61.63 59.60 59.58 57.58
5.58 4.36 3.76 3.59 4.13 4.25 3.39 3.54 3.50 4.26 5.86 7.04
10.49 12.11 12.80 13.56 13.78 14.01 18.55 18.50 19.71 21.28 19.70 19.15
22.12 21.72 21.63 21.05 20.31 20.02 16.34 16.27 15.16 14.86 14.86 16.23

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