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Coromandel Interntl.

₹1180.4 -3.8 | 0.3%

Market Cap ₹34755 Cr.

Stock P/E 21.2

P/B 3.7

Current Price ₹1180.4

Book Value ₹ 319.9

Face Value 1

52W High ₹1288

Dividend Yield 0.51%

52W Low ₹ 908.8

Coromandel Interntl. Research see more...

Overview Inc. Year: 1961Industry: Fertilizers

Coromandel International Ltd is engaged in the manufacturing and buying and selling of farm inputs such as fertilizers, crop protection, speciality nutrients and natural compost. The Company's segments include Nutrient and other allied groups, and Crop Protection. Its services and products consists of fertilizer, crop protection, speciality nutrients and organic. The Company's fertilizers includes nitrogen, phosphate, calcium and potassium in various grades and are to be had below various brands, such as Godavari Ultra DAP, Gromor / Godavari DAP, GroShakti Plus, Grosmart, Paramfos, Gromor 15-15-15-09, Gromor MOP and Gromor Urea. Its crop protection merchandise encompass insecticides, fungicides, herbicides, plant growth regulators and bio-products. It offers natural fertilizers derived from natural sources like town waste (natural portion most effective), sugarcane molasses and its by way of-products, oil cakes and gypsum. It operates a network of over 750 rural shops across India.

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Coromandel Interntl. Share Price

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Peer Comparison

Coromandel Interntl. Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 5073 4227 5729 10113 8310 5476 5693 6988 5464 3913
Other Income 27 77 54 31 40 47 45 45 59 84
Total Income 5100 4304 5783 10145 8349 5523 5738 7033 5523 3996
Total Expenditure 4529 3847 5044 9056 7529 5073 4984 5929 5106 3640
Operating Profit 571 456 739 1088 820 450 754 1104 416 357
Interest 18 21 27 54 57 52 41 46 38 62
Depreciation 43 45 45 46 47 45 48 54 64 63
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 510 390 668 988 716 353 665 1003 315 232
Provision for Tax 130 99 170 248 179 90 167 245 78 58
Profit After Tax 380 291 498 740 537 263 498 758 237 174
Adjustments 1 -1 2 1 -10 -17 -4 -2 -6 -14
Profit After Adjustments 382 290 499 741 527 246 494 757 231 160
Adjusted Earnings Per Share 13 9.9 17 25.2 17.9 8.4 16.8 25.7 7.8 5.4

Coromandel Interntl. Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 9034 10053 11306 11481 10031 11083 13225 13137 14182 19111 29628 22058
Other Income 70 61 57 66 55 60 37 40 75 144 171 233
Total Income 9104 10114 11363 11548 10086 11143 13262 13177 14257 19255 29799 22290
Total Expenditure 8266 9248 10453 10715 9048 9826 11782 11406 12198 16961 26702 19659
Operating Profit 838 866 910 833 1038 1316 1480 1771 2059 2294 3097 2631
Interest 210 240 210 221 224 178 251 235 106 75 190 187
Depreciation 71 96 105 106 101 99 114 158 173 173 182 229
Exceptional Income / Expenses 0 -13 -4 25 0 0 -24 0 0 0 0 0
Profit Before Tax 557 517 592 529 712 1038 1093 1379 1786 2050 2701 2215
Provision for Tax 123 152 190 172 235 347 372 313 457 521 688 548
Profit After Tax 434 365 402 357 477 691 720 1065 1329 1528 2013 1667
Adjustments -2 -8 0 0 0 0 0 0 0 0 0 -26
Profit After Adjustments 432 357 402 357 477 691 720 1065 1329 1528 2013 1642
Adjusted Earnings Per Share 15.2 12.6 13.8 12.3 16.4 23.6 24.6 36.3 45.3 52.1 68.5 55.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 55% 31% 22% 13%
Operating Profit CAGR 35% 20% 19% 14%
PAT CAGR 32% 24% 24% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 23% 17% 23% 17%
ROE Average 28% 28% 27% 22%
ROCE Average 41% 37% 32% 24%

Coromandel Interntl. Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 2197 2281 2202 2634 2891 2896 3358 4318 5151 6358 7908
Minority's Interest 106 25 0 0 0 0 0 0 0 0 0
Borrowings 1097 267 67 44 0 0 0 0 0 0 0
Other Non-Current Liabilities 236 236 234 198 175 151 137 465 443 461 471
Total Current Liabilities 4776 4795 5859 6306 5579 6801 7079 5367 3302 4466 5856
Total Liabilities 8412 7605 8362 9182 8645 9848 10574 10149 8895 11285 14235
Fixed Assets 1856 1734 1380 1320 1328 1327 1309 2032 2015 2092 2200
Other Non-Current Assets 681 494 467 615 481 359 512 323 359 853 1791
Total Current Assets 5875 5377 6515 7247 6837 8162 8753 7794 6521 8340 10244
Total Assets 8412 7605 8362 9182 8645 9848 10574 10149 8895 11285 14235

Coromandel Interntl. Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 958 375 410 209 174 147 447 132 51 692 706
Cash Flow from Operating Activities 985 1461 86 18 915 263 526 1862 4150 2078 591
Cash Flow from Investing Activities -641 -50 -216 -61 -79 32 -597 -222 -1257 -1622 639
Cash Flow from Financing Activities -929 -1344 -64 8 -864 -1 -244 -1723 -2263 -443 -543
Net Cash Inflow / Outflow -585 67 -194 -35 -28 294 -315 -83 630 14 687
Closing Cash & Cash Equivalent 375 410 217 174 147 447 132 51 692 706 1394

Coromandel Interntl. Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 15.25 12.58 13.79 12.27 16.35 23.64 24.63 36.35 45.3 52.08 68.47
CEPS(Rs) 17.83 16.28 17.38 15.91 19.8 27.03 28.52 41.74 51.2 57.96 74.66
DPS(Rs) 4.5 4.5 4.5 4 5 6.5 6.5 12 12 12 12
Book NAV/Share(Rs) 77.59 80.54 75.59 90.4 99.02 98.74 114.32 146.94 175.17 216.22 268.55
Core EBITDA Margin(%) 8.38 7.89 7.44 6.59 9.64 11.29 10.91 13.18 13.99 11.25 9.88
EBIT Margin(%) 8.37 7.42 6.98 6.45 9.18 10.93 10.16 12.28 13.34 11.12 9.76
Pre Tax Margin(%) 6.07 5.06 5.16 4.55 6.99 9.33 8.26 10.49 12.59 10.73 9.12
PAT Margin (%) 4.73 3.57 3.5 3.07 4.68 6.21 5.45 8.11 9.37 8 6.79
Cash Profit Margin (%) 5.51 4.52 4.41 3.98 5.67 7.1 6.31 9.31 10.59 8.9 7.41
ROA(%) 5.3 4.56 5.03 4.07 5.35 7.48 7.06 10.28 13.96 15.15 15.78
ROE(%) 18.87 16.3 17.93 14.78 17.28 23.94 23.13 27.85 28.15 26.62 28.27
ROCE(%) 14.63 16.35 18.61 15.31 17.95 22.64 22.51 26.34 34.1 36.93 40.51
Receivable days 55.31 59.05 46.59 48.45 58.42 52.47 46.95 49.44 29.45 7.82 5.26
Inventory Days 67.68 57.74 63.8 72.24 72.86 65.39 75.95 82.5 68.18 59.82 49.77
Payable days 60.33 58.67 57.85 50.87 51.81 52.95 46.66 76.93 84.88 49.82 32.01
PER(x) 12.14 17.66 19.46 15.48 19.13 22.15 20.27 14.96 17.09 15.35 12.84
Price/Book(x) 2.38 2.76 3.55 2.1 3.16 5.3 4.37 3.7 4.42 3.7 3.27
Dividend Yield(%) 2.43 2.03 1.68 2.11 1.6 1.24 1.3 2.21 1.55 1.5 1.36
EV/Net Sales(x) 0.85 0.76 0.87 0.7 1.12 1.58 1.32 1.33 1.55 1.14 0.82
EV/Core EBITDA(x) 9.13 8.85 10.76 9.61 10.78 13.29 11.76 9.87 10.68 9.46 7.89
Net Sales Growth(%) -8.76 11.29 12.47 1.55 -12.63 10.49 19.32 -0.66 7.96 34.75 55.03
EBIT Growth(%) -26.06 -1.25 5.84 -6.43 24.81 29.95 10.43 20.14 17.22 12.35 36.03
PAT Growth(%) -31.66 -15.84 10.1 -11.04 33.44 44.94 4.22 47.82 24.8 15 31.7
EPS Growth(%) -32.56 -17.51 9.67 -11.04 33.25 44.59 4.18 47.57 24.63 14.96 31.47
Debt/Equity(x) 1.34 0.81 1.04 1.02 0.77 0.95 0.88 0.38 0 0 0
Current Ratio(x) 1.23 1.12 1.11 1.15 1.23 1.2 1.24 1.45 1.98 1.87 1.75
Quick Ratio(x) 0.92 0.76 0.73 0.78 0.92 0.87 0.78 0.95 1.19 1.05 0.99
Interest Cover(x) 3.65 3.15 3.82 3.39 4.18 6.82 5.36 6.86 17.9 28.16 15.21
Total Debt/Mcap(x) 0.56 0.29 0.29 0.48 0.24 0.18 0.2 0.1 0 0 0

Coromandel Interntl. Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 57.53 57.53 57.48 57.44 57.41 57.41 57.4 57.33 57.33 57.32
FII 7.21 7.08 8.04 9.93 10.26 9.4 7.55 7.19 7.71 7.34
DII 21.74 21.23 20.05 18.66 18 18.87 20.6 21.11 20.22 20.64
Public 13.52 14.17 14.43 13.97 14.34 14.33 14.45 14.37 14.74 14.7
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 23% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28%
  • Debtor days have improved from 49.82 to 32.01days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.7 times its book value.

* 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.

Coromandel Interntl. News

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