Coromandel International Ltd

Coromandel Inter Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Coromandel International Ltd

₹ 1,845 -0.56%
26 Dec - close price
coromandel.biz BSE: 506395 NSE: COROMANDEL
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:

Website BSE NSE
  • Market Cap ₹ 54,361 Cr.
  • Current Price ₹ 1,845
  • High / Low ₹ 1,890 / 1,025
  • Stock P/E 36.8
  • Book Value ₹ 348
  • Dividend Yield 0.33 %
  • ROCE 27.1 %
  • ROE 19.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.5%

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

Sector: Fertilizers Industry: Fertilizers

Part of BSE 250 LargeMidCap Index Nifty LargeMidcap 250 Nifty Total Market BSE MidCap BSE Commodities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
6,141 5,074 4,217 5,722 10,109 8,308 5,471 5,693 6,986 5,450 3,900 4,713 7,432
5,400 4,531 3,946 5,039 9,054 7,527 5,072 4,984 5,921 5,092 3,631 4,206 6,449
Operating Profit 741 543 272 683 1,055 781 399 710 1,064 358 269 507 983
OPM % 12% 11% 6% 12% 10% 9% 7% 12% 15% 7% 7% 11% 13%
19 27 77 53 31 41 49 47 46 60 127 54 77
Interest 19 18 21 27 54 57 52 40 46 38 61 56 64
Depreciation 42 43 45 44 46 47 44 48 52 60 62 62 66
Profit before tax 698 509 282 666 986 719 351 668 1,012 320 273 443 930
Tax % 26% 25% 35% 26% 25% 25% 26% 24% 25% 24% 23% 25% 25%
520 379 183 496 738 539 262 505 762 243 209 331 696
EPS in Rs 17.72 12.93 6.25 16.88 25.12 18.34 8.90 17.18 25.88 8.24 7.11 11.24 23.63
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
8,560 9,381 11,285 11,473 10,021 11,065 13,204 13,117 14,156 19,088 29,610 22,029 21,496
7,823 8,640 10,429 10,705 9,039 9,814 11,760 11,385 12,182 17,046 26,692 19,622 19,378
Operating Profit 737 741 856 768 982 1,251 1,444 1,732 1,974 2,042 2,918 2,407 2,117
OPM % 9% 8% 8% 7% 10% 11% 11% 13% 14% 11% 10% 11% 10%
65 46 49 88 53 54 6 32 70 136 175 273 318
Interest 177 211 209 221 224 178 251 235 106 75 189 185 219
Depreciation 59 82 103 106 100 99 113 157 172 172 181 222 250
Profit before tax 566 494 592 529 712 1,028 1,086 1,371 1,766 1,931 2,722 2,272 1,967
Tax % 22% 30% 32% 32% 33% 33% 34% 23% 26% 27% 25% 24%
444 345 403 358 477 685 714 1,059 1,313 1,412 2,035 1,719 1,479
EPS in Rs 15.69 12.18 13.84 12.28 16.35 23.42 24.40 36.15 44.74 48.12 69.20 58.40 50.22
Dividend Payout % 29% 37% 33% 33% 31% 28% 27% 33% 27% 25% 17% 10%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 16%
TTM: -19%
Compounded Profit Growth
10 Years: 17%
5 Years: 19%
3 Years: 9%
TTM: -29%
Stock Price CAGR
10 Years: 20%
5 Years: 29%
3 Years: 35%
1 Year: 48%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 24%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 28 28 29 29 29 29 29 29 29 29 29 29 29
Reserves 2,147 2,205 2,135 2,474 2,783 2,898 3,405 4,360 5,183 6,269 7,839 9,374 10,220
2,270 1,518 2,282 2,677 2,231 2,731 2,957 2,022 385 395 392 438 504
2,901 3,311 3,862 3,866 3,520 4,215 4,257 3,807 3,351 4,520 5,931 5,841 6,089
Total Liabilities 7,347 7,062 8,309 9,046 8,563 9,873 10,647 10,218 8,948 11,213 14,191 15,682 16,843
1,142 1,211 1,365 1,315 1,324 1,324 1,307 2,023 2,007 2,083 2,192 2,777 3,086
CWIP 28 27 46 42 22 48 190 65 89 141 398 226 159
Investments 880 744 352 370 334 288 321 335 334 267 220 1,118 1,393
5,298 5,080 6,545 7,319 6,883 8,213 8,830 7,795 6,518 8,722 11,381 11,561 12,205
Total Assets 7,347 7,062 8,309 9,046 8,563 9,873 10,647 10,218 8,948 11,213 14,191 15,682 16,843

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
998 1,452 85 18 917 253 513 1,867 4,125 2,093 560 1,462
-594 -23 -220 -62 -72 44 -597 -219 -1,240 -1,647 656 -1,321
-984 -1,360 -67 9 -862 -1 -244 -1,726 -2,264 -442 -543 -412
Net Cash Flow -579 68 -201 -36 -17 297 -328 -79 621 4 674 -272

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 50 46 52 59 52 51 48 14 5 7 23
Inventory Days 71 86 96 98 89 108 127 109 98 94 69 101
Days Payable 123 133 131 135 150 162 147 135 110 101 83 119
Cash Conversion Cycle 16 4 11 15 -3 -2 30 22 2 -2 -7 6
Working Capital Days 87 53 77 106 120 116 123 110 65 41 39 50
ROCE % 16% 18% 20% 15% 18% 23% 23% 25% 31% 33% 39% 27%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.53% 57.53% 57.48% 57.45% 57.41% 57.41% 57.41% 57.34% 57.33% 57.33% 57.32% 57.17%
7.21% 7.08% 8.04% 9.93% 10.26% 9.40% 7.56% 7.18% 7.71% 7.34% 7.52% 7.79%
21.74% 21.23% 20.06% 18.65% 18.00% 18.86% 20.59% 21.11% 20.22% 20.63% 20.79% 21.26%
13.52% 14.17% 14.43% 13.97% 14.34% 14.33% 14.46% 14.37% 14.74% 14.70% 14.39% 13.77%
No. of Shareholders 1,14,6771,15,4401,39,6671,42,7521,33,7581,32,1031,32,3441,23,6391,26,6281,36,4121,36,4971,41,349

* 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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