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 27.5
  • Book Value 426
  • Dividend Yield 0.64 %
  • ROCE 22.8 %
  • ROE 17.0 %
  • Face Value 1.00

Pros

Cons

  • Promoter holding has decreased over last quarter: -0.51%
  • Debtor days have increased from 30.3 to 49.2 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

Consolidated Figures in Rs. Crores / View Standalone

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
5,476 5,693 6,988 5,464 3,913 4,729 7,433 6,935 4,988 7,042 9,654 8,779 6,004
5,089 4,988 5,933 5,115 3,650 4,238 6,471 6,222 4,579 6,260 8,508 7,980 5,516
Operating Profit 387 706 1,055 349 263 490 962 713 409 782 1,147 800 488
OPM % 7% 12% 15% 6% 7% 10% 13% 10% 8% 11% 12% 9% 8%
47 44 45 59 84 54 65 114 473 84 116 83 -6
Interest 52 41 46 38 62 57 66 73 66 68 102 84 89
Depreciation 45 48 54 64 63 65 69 71 85 121 102 147 165
Profit before tax 337 661 1,000 306 222 422 892 683 731 677 1,059 653 228
Tax % 27% 25% 25% 25% 26% 27% 26% 26% 21% 26% 25% 25% 50%
246 494 755 228 164 309 659 508 578 502 793 488 115
EPS in Rs 8.38 16.80 25.71 7.85 5.45 10.56 22.55 17.37 19.67 17.13 27.31 17.15 4.74
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11,306 11,481 10,031 11,083 13,225 13,137 14,182 19,111 29,628 22,058 24,085 31,480
10,450 10,712 9,048 9,822 11,775 11,400 12,193 16,954 26,726 19,678 21,508 28,264
Operating Profit 856 769 983 1,261 1,450 1,737 1,989 2,156 2,902 2,380 2,577 3,216
OPM % 8% 7% 10% 11% 11% 13% 14% 11% 10% 11% 11% 10%
50 87 54 55 8 35 76 141 171 223 703 277
Interest 210 221 224 178 251 235 106 75 190 187 262 343
Depreciation 105 106 101 99 114 158 173 173 182 229 290 534
Profit before tax 592 529 712 1,038 1,093 1,379 1,786 2,050 2,701 2,188 2,728 2,617
Tax % 32% 32% 33% 33% 34% 23% 26% 25% 25% 25% 25% 27%
402 357 477 691 720 1,065 1,329 1,528 2,013 1,641 2,055 1,898
EPS in Rs 13.80 12.27 16.35 23.64 24.63 36.36 45.30 52.08 68.46 55.78 70.14 66.31
Dividend Payout % 33% 33% 31% 27% 26% 33% 26% 23% 18% 11% 21% 17%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 2%
TTM: 31%
Compounded Profit Growth
10 Years: 19%
5 Years: 9%
3 Years: 0%
TTM: 16%
Stock Price CAGR
10 Years: 24%
5 Years: 19%
3 Years: 24%
1 Year: -23%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 17%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,173 2,605 2,862 2,867 3,329 4,288 5,121 6,329 7,878 9,390 11,058 12,528
2,288 2,677 2,228 2,728 2,954 2,019 385 395 393 492 780 1,506
3,872 3,871 3,526 4,224 4,261 3,812 3,360 4,532 5,934 5,933 7,049 10,439
Total Liabilities 8,362 9,182 8,645 9,848 10,574 10,149 8,895 11,285 14,235 15,845 18,917 24,503
1,380 1,320 1,328 1,327 1,309 2,032 2,015 2,092 2,200 3,112 4,139 6,790
CWIP 46 42 22 48 191 65 90 141 399 235 396 296
Investments 352 477 388 221 201 211 214 243 287 854 1,031 2,044
6,583 7,343 6,907 8,252 8,873 7,840 6,576 8,809 11,348 11,644 13,351 15,374
Total Assets 8,362 9,182 8,645 9,848 10,574 10,149 8,895 11,285 14,235 15,845 18,917 24,503

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
86 18 915 263 526 1,862 4,150 2,078 591 1,428 2,464 1,558
-216 -61 -79 38 -597 -220 -1,245 -1,622 640 -1,338 -2,638 -559
-64 8 -864 -1 -244 -1,723 -2,263 -443 -543 -363 -698 -831
Net Cash Flow -194 -34 -28 300 -314 -82 642 14 688 -273 -872 168
Free Cash Flow -6 -89 834 134 255 1,606 3,958 1,801 22 910 2,030 22
CFO/OP 27% 25% 120% 49% 62% 128% 232% 119% 45% 86% 123% 71%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 47 52 59 52 50 48 14 5 7 23 19 49
Inventory Days 96 98 88 109 127 109 98 94 69 102 98 111
Days Payable 131 135 150 162 147 135 110 100 83 117 123 136
Cash Conversion Cycle 12 15 -3 -2 30 22 2 -1 -7 8 -7 24
Working Capital Days 11 24 40 27 42 65 64 41 37 44 28 57
ROCE % 19% 15% 18% 23% 23% 26% 32% 35% 38% 26% 23% 23%

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 ・Standalone data
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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