Coromandel International Ltd
Business Segments [1]
a) Nutrient and Other Allied Business (88% in FY26 vs 90% in FY25)::
i) Fertilizers: [2] [3] [4] [5] It manufactures NPK, DAP, SSP, MOP, and urea. It is India's 2nd-largest manufacturer and marketer of phosphatic fertilizers, the largest manufacturer and marketer of SSP, the largest private-sector NPK player, and a pioneering leader in the Nano DAP segment. It also holds a 35% share in the unique products segment and a 17.5% market share on a consumption basis.
ii) Specialty Nutrients: [4] [3]
The company is the pioneer & market leader in India's specialty nutrients segment, offering water-soluble fertilizers, secondary and micronutrients, and nano fertilizer products.
iii) Organic Fertilizers: [6] [3] The company markets organic fertilizers, producing a range of products derived from natural sources such as city waste, sugarcane molasses and its by-products, oil cakes, and gypsum.
b) Crop Protection (12% in FY26 vs 10% in FY25)::
i) Crop Protection: [7] [8] [3] The company manufactures and markets a range of insecticides, fungicides, herbicides, plant growth regulators, technicals and formulations in India and international markets. It is the country's 4th-largest agrochemical player by value, with the capability to manufacture 20 technicals and intermediates. It is also the 2nd-largest manufacturer of Malathion globally and a major manufacturer of Phenthoate in Asia.
ii) Bio Products: [4] [9] [10] Bio Products business focuses on plant-based extracts for agricultural applications, offering a comprehensive portfolio of biopesticides based on Azadirachtin, plant-derived biostimulants, anti-transpirants and non-ionic spreaders. It holds a global leadership position in the Azadirachtin market, with a presence across more than 40 countries in the Americas, Europe and Asia.
Sale Volumes (in Lakh MT):[11]
NPK+DAP: 42.77 in FY26 vs 39.88 in FY25
SSP: 8.41 in FY26 vs 7.73 in FY25
MOP: 0.67 in FY26 vs 0.69 in FY25
Urea: 22.65 in FY26 vs 13.59 in FY25
Geographical Split[12]
Domestic: 94% in FY26 vs 95% in FY25
Exports: 6% in FY26 vs 5% in FY25
Retail Presence[13] [4] [14]
The company operates India's largest agri-retail network with over 1,200 agri-retail outlets across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. It is supported by over 3,000 marketing professionals and serves more than 5 Mn farmers across its operating markets. It has a network of 12,000 channel partners.
New Product Launches[15]
In FY26, Coromandel expanded its portfolio with new launches across Specialty Nutrients, Crop Protection and Bio Products. It's key additions included Fertinex 28:28:0, GypMax, Novonese, Organovita and Summit in Specialty Nutrients; Daliso, Ghibli, Chhaava and Invicto in Crop Protection; and CoroBT, GroBT, Coroscens, CoroShakti and other biological solutions to strengthen its bio-products portfolio.
Manufacturing Capabilities[4] [16]
The company operates 21 manufacturing facilities across India, with a total capacity of:
Fertilizers: 3.5 Mn MT
SSP: 1 Mn MT
Specialty Nutrients: 87,500 MT
Nano Fertilizers: 10,000 KL
Crop Protection Chemicals: 0.87 Lakh MT
Bio Products: 22.5 MT
Expansion & Backward Integration[17] [18]
The company commissioned a 2,000 TPD sulphuric acid plant and a 650 TPD phosphoric acid plant at Kakinada in Q4 FY26, for Rs. 1,100 Cr. It also advanced construction of the 7.5 lakh TPA NPK granulation Train H at Kakinada, expected to increase the site's total fertilizer capacity to 30 lakh TPAby Q4 FY27. Additionally, its Senegal rock phosphate project, where the company holds a 53.8% stake, commissioned a fixed processing plant and ramped up production to secure raw material supplies for the Kakinada phosphoric acid facility. It also added a 9 KTPA technical plant at Dahej for off-patent fungicides, along with capacity additions for key technical molecules at Ankleshwar and a herbicide block expansion at Sarigam.
Acquisitions[19] [17]
In Aug 2025, the company acquired a 53.13% controlling stake in NACL Industries for Rs. 820 Cr.
MoU[20]
In Nov 2025, the company signed a non-binding MoU with the Andhra Pradesh Economic Development Board to explore investments of up to Rs. 2,000 Cr in Andhra Pradesh.
Focus[21]
The company expects a 20-25% revenue growth in the crop protection business.
- Market Cap ₹ 61,175 Cr.
- Current Price ₹ 2,074
- High / Low ₹ 2,668 / 1,706
- Stock P/E 31.4
- Book Value ₹ 423
- Dividend Yield 0.53 %
- ROCE 24.6 %
- ROE 17.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
* 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.
Peer comparison
Commodities Chemicals Fertilizers & Agrochemicals Fertilizers
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,285 | 11,473 | 10,021 | 11,065 | 13,204 | 13,117 | 14,156 | 19,088 | 29,610 | 22,029 | 24,064 | 30,531 | 31,273 | |
| 10,429 | 10,705 | 9,039 | 9,814 | 11,760 | 11,385 | 12,182 | 17,046 | 26,692 | 19,622 | 21,406 | 27,415 | 28,289 | |
| Operating Profit | 856 | 768 | 982 | 1,251 | 1,444 | 1,732 | 1,974 | 2,042 | 2,918 | 2,407 | 2,658 | 3,116 | 2,984 |
| OPM % | 8% | 7% | 10% | 11% | 11% | 13% | 14% | 11% | 10% | 11% | 11% | 10% | 10% |
| 49 | 88 | 53 | 54 | 6 | 32 | 70 | 136 | 175 | 273 | 462 | 211 | 193 | |
| Interest | 209 | 221 | 224 | 178 | 251 | 235 | 106 | 75 | 189 | 185 | 258 | 287 | 298 |
| Depreciation | 103 | 106 | 100 | 99 | 113 | 157 | 172 | 172 | 181 | 222 | 277 | 297 | 315 |
| Profit before tax | 592 | 529 | 712 | 1,028 | 1,086 | 1,371 | 1,766 | 1,931 | 2,722 | 2,272 | 2,585 | 2,743 | 2,564 |
| 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 | 1,877 | |
| 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 | 63.65 |
| Dividend Payout % | 33% | 33% | 31% | 28% | 27% | 33% | 27% | 25% | 17% | 10% | 23% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 17% |
| 3 Years: | 1% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 9% |
| 3 Years: | 0% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 18% |
| 3 Years: | 26% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 21% |
| 3 Years: | 18% |
| Last Year: | 17% |
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 | 4,436 | |
| CWIP | 46 | 42 | 22 | 48 | 190 | 65 | 89 | 141 | 398 | 226 | 373 | 303 |
| 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 | -1,321 | -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 | -272 | -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% | 69% |
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 | 19 |
| 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 | 119 | 122 | 132 |
| Cash Conversion Cycle | 11 | 15 | -3 | -2 | 30 | 22 | 2 | -2 | -7 | 6 | -8 | -7 |
| Working Capital Days | 11 | 24 | 39 | 26 | 42 | 65 | 64 | 40 | 39 | 49 | 32 | 39 |
| ROCE % | 20% | 15% | 18% | 23% | 23% | 25% | 31% | 33% | 39% | 27% | 25% | 25% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| SSP Sales Volume Lakh MT |
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| Crop Protection Segment PBIT Rs Cr |
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| Crop Protection Segment Revenue Rs Cr |
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| Phosphatic Fertilizer Sales Volume (NPK+DAP) Lakh MT |
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| Phosphatic Market Share % |
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| Rural Retail Stores Number |
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| Unique Grades Share in NPK Portfolio % |
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| Nano DAP Bottles Sold Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19h - Transcript of conference call held on July 24, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Jul - Audio recording of July 24, 2026 analyst and investor conference call uploaded on company website.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 24 Jul
- Announcement under Regulation 30 (LODR)-Investor Presentation 24 Jul
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Shareholder Meeting / Postal Ballot-Outcome of AGM
23 Jul - 64th AGM held on July 23, 2026; shareholders approved financial statements, dividend, and auditor reappointment.
Annual reports
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Financial Year 2026
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptPPT
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Feb 2025Transcript PPT REC
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Dec 2024TranscriptAI SummaryPPT
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Nov 2024TranscriptPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPT
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May 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptPPT
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Jul 2021TranscriptPPT
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Apr 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Jul 2020TranscriptPPT
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May 2020TranscriptPPT
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Jan 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Aug 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptPPT
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Apr 2019TranscriptPPT
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Jan 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Aug 2018TranscriptAI SummaryPPT
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Jul 2018TranscriptPPT
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Jun 2018TranscriptAI SummaryPPT
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Apr 2018TranscriptPPT
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Jan 2018TranscriptPPT
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Nov 2017Transcript PPT
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Jul 2017TranscriptPPT
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Apr 2017TranscriptPPT
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Jan 2017TranscriptPPT
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Nov 2016Transcript PPT
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Jul 2016TranscriptPPT
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Apr 2016TranscriptPPT
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Jan 2016TranscriptPPT
Business Segments
1) Crop Nutrition (89% in Q1 FY25 vs 87% in FY22): [1] [2] This segment includes products like: