NSEI:COROMANDEL

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Coromandel International

Executive Summary

Coromandel International Limited manufactures and sells farm inputs in India.


Snowflake Analysis

Flawless balance sheet with outstanding track record and pays a dividend.


Similar Companies

Share Price & News

How has Coromandel International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: COROMANDEL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

COROMANDEL

5.0%

IN Chemicals

3.8%

IN Market


1 Year Return

47.6%

COROMANDEL

-2.5%

IN Chemicals

-20.9%

IN Market

Return vs Industry: COROMANDEL exceeded the Indian Chemicals industry which returned -2.5% over the past year.

Return vs Market: COROMANDEL exceeded the Indian Market which returned -20.9% over the past year.


Shareholder returns

COROMANDELIndustryMarket
7 Day-1.0%5.0%3.8%
30 Day8.4%-1.3%0.5%
90 Day4.7%-10.2%-14.8%
1 Year48.9%47.6%1.6%-2.5%-19.3%-20.9%
3 Year60.9%54.2%19.1%12.0%-9.6%-14.4%
5 Year190.1%170.6%100.4%83.1%13.0%2.4%

Price Volatility Vs. Market

How volatile is Coromandel International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Coromandel International undervalued compared to its fair value and its price relative to the market?

17.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: COROMANDEL (₹657.05) is trading above our estimate of fair value (₹306.95)

Significantly Below Fair Value: COROMANDEL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: COROMANDEL is poor value based on its PE Ratio (18.1x) compared to the Chemicals industry average (9.5x).

PE vs Market: COROMANDEL is poor value based on its PE Ratio (18.1x) compared to the Indian market (10x).


Price to Earnings Growth Ratio

PEG Ratio: COROMANDEL is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: COROMANDEL is overvalued based on its PB Ratio (4.5x) compared to the IN Chemicals industry average (0.9x).


Next Steps

Future Growth

How is Coromandel International forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COROMANDEL's forecast earnings growth (9% per year) is above the savings rate (7.2%).

Earnings vs Market: COROMANDEL's earnings (9% per year) are forecast to grow slower than the Indian market (16.8% per year).

High Growth Earnings: COROMANDEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: COROMANDEL's revenue (8.8% per year) is forecast to grow faster than the Indian market (7.2% per year).

High Growth Revenue: COROMANDEL's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COROMANDEL's Return on Equity is forecast to be high in 3 years time (23.4%)


Next Steps

Past Performance

How has Coromandel International performed over the past 5 years?

21.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COROMANDEL has high quality earnings.

Growing Profit Margin: COROMANDEL's current net profit margins (8.1%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: COROMANDEL's earnings have grown significantly by 21.1% per year over the past 5 years.

Accelerating Growth: COROMANDEL's earnings growth over the past year (47.9%) exceeds its 5-year average (21.1% per year).

Earnings vs Industry: COROMANDEL earnings growth over the past year (47.9%) exceeded the Chemicals industry 10.6%.


Return on Equity

High ROE: COROMANDEL's Return on Equity (24.7%) is considered high.


Next Steps

Financial Health

How is Coromandel International's financial position?


Financial Position Analysis

Short Term Liabilities: COROMANDEL's short term assets (₹77.9B) exceed its short term liabilities (₹53.7B).

Long Term Liabilities: COROMANDEL's short term assets (₹77.9B) exceed its long term liabilities (₹4.6B).


Debt to Equity History and Analysis

Debt Level: COROMANDEL's debt to equity ratio (37.6%) is considered satisfactory.

Reducing Debt: COROMANDEL's debt to equity ratio has reduced from 104.2% to 37.6% over the past 5 years.

Debt Coverage: COROMANDEL's debt is well covered by operating cash flow (114.6%).

Interest Coverage: COROMANDEL's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Coromandel International's current dividend yield, its reliability and sustainability?

1.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COROMANDEL's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.84%).

High Dividend: COROMANDEL's dividend (1.83%) is low compared to the top 25% of dividend payers in the Indian market (3.57%).


Stability and Growth of Payments

Stable Dividend: COROMANDEL's dividend payments have been volatile in the past 10 years.

Growing Dividend: COROMANDEL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33%), COROMANDEL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COROMANDEL's dividends in 3 years are forecast to be well covered by earnings (25.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Sameer Goel (56yo)

4.58yrs

Tenure

₹48,428,353

Compensation

Mr. Sameer Goel has been a Managing Director and Executive Director at Coromandel International Limited since October 1, 2015. Mr. Goel served as Country Head for India at Cipla Limited since January 20, 2 ...


CEO Compensation Analysis

Compensation vs Market: Sameer's total compensation ($USD639.79K) is about average for companies of similar size in the Indian market ($USD752.73K).

Compensation vs Earnings: Sameer's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Murugappan Murugappan
Executive Chairman2.33yrs₹20.13m0.00025% 471.9k
Sameer Goel
MD & Executive Director4.58yrs₹48.43mno data
Jayashree Satagopan
CFO & Executive VP2.5yrs₹17.92mno data
P. Varadarajan
Senior VP of Legal6.92yrs₹8.37m0.00071% 1.3m
Kalidas Pramanik
Executive Vice President of Marketing - Fertilisers & Organicno datano data0.0016% 2.9m
B. Rao
Executive VP & Head of Human Resources4.58yrsno data0.0052% 9.7m
G. Veerabhadram
President of Crop Protectionno datano datano data
Seshadri Govindarajan
Executive VP & Head of Commercialno datano data0.016% 29.4m
Arun George
Head of Retail & Executive VPno datano data0.011% 20.6m
S. Sankarasubramanian
President of Fertilisersno datano data0.013% 25.3m

4.6yrs

Average Tenure

56yo

Average Age

Experienced Management: COROMANDEL's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Murugappan Murugappan
Executive Chairman2.33yrs₹20.13m0.00025% 471.9k
Sameer Goel
MD & Executive Director4.58yrs₹48.43mno data
Venkat Rama Mohan Bodanapu
Non-Executive & Non-Independent Director12.33yrs₹1.06m0.016% 30.9m
Arunachalam Vellayan
no data₹16.89m0.040% 76.4m
Muthiah Venkatachalam
Non-Executive Director13.33yrs₹1.01m0.067% 126.5m
Aruna Advani
Additional Women Independent Director1.75yrs₹604.73kno data
V. Ravichandran
Vice Chairman8.83yrs₹965.00k0.036% 67.4m
Prasad Chandran
Non-Executive & Independent Director6.08yrs₹1.08mno data
Sumit Bose
Non-Executive & Independent Director4.17yrs₹1.08mno data
Nagarajan Ramamurthy
Independent Director1.58yrs₹448.97kno data

4.6yrs

Average Tenure

64.5yo

Average Age

Experienced Board: COROMANDEL's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: COROMANDEL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Coromandel International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coromandel International Limited
  • Ticker: COROMANDEL
  • Exchange: NSEI
  • Founded: 1961
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: ₹188.750b
  • Shares outstanding: 292.95m
  • Website: https://www.coromandel.biz

Number of Employees


Location

  • Coromandel International Limited
  • Coromandel House
  • 1-2-10, Sardar Patel Road
  • Secunderabad
  • Andhra Pradesh
  • 500003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
506395BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 1995
COROMANDELNSEI (National Stock Exchange of India)YesEquity SharesININRJun 1995

Biography

Coromandel International Limited manufactures and sells farm inputs in India. The company operates in two segments, Nutrient and Other Allied Business; and Crop Protection. It offers phosphatic fertilizers; crop protection products, including insecticides, fungicides, and herbicides; specialty nutrients, such as bentonite sulphur, water soluble and organic fertilizers, and micronutrients; and organic compost. The company also operates 800 stores in Andhra Pradesh, Telangana, and Karnataka. Coromandel International Limited also exports its products. The company was incorporated in 1961 and is based in Secunderabad, India. Coromandel International Limited is a subsidiary of E.I.D. Parry (India) Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 13:11
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.