NSEI:COROMANDEL

Stock Analysis Report

Coromandel International

Executive Summary

Coromandel International Limited manufactures and sells farm inputs in India.

Snowflake

Fundamentals

Outstanding track record with excellent balance sheet 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

1.4%

COROMANDEL

-1.8%

IN Chemicals

-0.6%

IN Market


1 Year Return

11.9%

COROMANDEL

11.2%

IN Chemicals

5.0%

IN Market

Return vs Industry: COROMANDEL matched the Indian Chemicals industry which returned 11.2% over the past year.

Return vs Market: COROMANDEL exceeded the Indian Market which returned 5% over the past year.


Shareholder returns

COROMANDELIndustryMarket
7 Day1.4%-1.8%-0.6%
30 Day16.8%1.8%5.9%
90 Day37.9%10.5%8.2%
1 Year13.6%11.9%14.0%11.2%7.0%5.0%
3 Year102.1%93.7%60.9%54.3%36.1%29.2%
5 Year57.5%45.9%118.5%101.9%38.6%25.8%

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?

16.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: COROMANDEL (₹475.45) is trading above our estimate of fair value (₹398.67)

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 (16.7x) compared to the Chemicals industry average (11.1x).

PE vs Market: COROMANDEL is poor value based on its PE Ratio (16.7x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: COROMANDEL is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: COROMANDEL is overvalued based on its PB Ratio (3.7x) compared to the IN Chemicals industry average (1.1x).


Next Steps

Future Growth

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

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COROMANDEL's forecast earnings growth (13.8% per year) is above the savings rate (7.6%).

Earnings vs Market: COROMANDEL's earnings (13.8% per year) are forecast to grow slower than the Indian market (19% per year).

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

Revenue vs Market: COROMANDEL's revenue (8.2% per year) is forecast to grow slower than the Indian market (11.2% per year).

High Growth Revenue: COROMANDEL's revenue (8.2% 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 (22.3%)


Next Steps

Past Performance

How has Coromandel International performed over the past 5 years?

17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COROMANDEL has high quality earnings.

Growing Profit Margin: COROMANDEL's current net profit margins (6.6%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: COROMANDEL's earnings have grown by 17.8% per year over the past 5 years.

Accelerating Growth: COROMANDEL's earnings growth over the past year (19%) exceeds its 5-year average (17.8% per year).

Earnings vs Industry: COROMANDEL earnings growth over the past year (19%) exceeded the Chemicals industry 14.4%.


Return on Equity

High ROE: COROMANDEL's Return on Equity (21.9%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Coromandel International's financial position?


Financial Position Analysis

Short Term Liabilities: COROMANDEL's short term assets (₹74.2B) exceeds its short term liabilities (₹54.9B)

Long Term Liabilities: COROMANDEL's short term assets (74.2B) exceeds its long term liabilities (4.6B)


Debt to Equity History and Analysis

Debt Level: COROMANDEL's debt to equity ratio (45.4%) is considered high

Reducing Debt: COROMANDEL's debt to equity ratio has reduced from 86.9% to 45.4% over the past 5 years.

Debt Coverage: COROMANDEL's debt is well covered by operating cash flow (71.4%).

Interest Coverage: COROMANDEL's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet

Inventory Level: COROMANDEL has a high level of physical assets or inventory.

Debt Coverage by Assets: COROMANDEL's debt is covered by short term assets (assets are 4.3x debt).


Next Steps

Dividend

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

1.37%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%0.6%markettop25%2.4%industryaverage0.9%forecastin3Years1.5%

Current dividend yield vs market & industry

Notable Dividend: COROMANDEL's dividend (1.37%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: COROMANDEL's dividend (1.37%) is low compared to the top 25% of dividend payers in the Indian market (2.36%).


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 low payout ratio (12.3%), COROMANDEL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COROMANDEL's dividends in 3 years are forecast to be well covered by earnings (22.5% payout ratio).


Next Steps

Management

What is the CEO of Coromandel International's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Sameer Goel (56yo)

4.1yrs

Tenure

₹48,428,353

Compensation

Mr. Sameer Goel has been a Managing Director and Director at Coromandel International Limited since October 1, 2015. Mr. Goel started his career in 1987 with GlaxoSmithKline Consumer Healthcare (GSK) as Ar ...


CEO Compensation Analysis

Compensation vs Market: Sameer's total compensation ($USD674.85K) is about average for companies of similar size in the Indian market ($USD603.17K).

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


Management Age and Tenure

4.1yrs

Average Tenure

56yo

Average Age

Experienced Management: COROMANDEL's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

4.1yrs

Average Tenure

64.5yo

Average Age

Experienced Board: COROMANDEL's board of directors are considered experienced (4.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

Sell₹1,164,53508 Nov 19
Majoj Agarwal
EntityIndividual
Shares2,500
Max Price₹465.81
Sell₹1,429,13801 Nov 19
T. Raghavan
EntityIndividual
Shares3,000
Max Price₹476.38
Sell₹27,370,42603 Jul 19
M. V. Subbiah
EntityIndividual
Shares65,456
Max Price₹418.15
Buy₹8,555,34903 Jul 19
Saraswathi Trust
EntityCompany
Shares20,460
Max Price₹418.15
Buy₹41,647,01206 Jun 19
Saraswathi Trust
EntityCompany
Shares95,313
Max Price₹436.95
Buy₹94,476,01206 Jun 19
Shambho Trust
EntityCompany
Shares216,217
Max Price₹436.95
Sell₹4,531,60706 Jun 19
M. V. Subbiah
EntityIndividual
Shares10,371
Max Price₹436.95
Sell₹15,075,24927 May 19
M. V. Subbiah
EntityIndividual
Shares36,675
Max Price₹417.70
Sell₹774,88404 Apr 19
Aminul Islam
EntityIndividual
Shares1,608
Max Price₹481.89
Sell₹2,525,00003 Apr 19
Ripu Singh
EntityIndividual
Shares5,000
Max Price₹505.00
Sell₹1,591,75528 Mar 19
Meenakshi Murugappan
EntityIndividual
Shares3,300
Max Price₹482.35
Sell₹2,400,00028 Mar 19
Srikanthan Srinivasan
EntityIndividual
Shares5,000
Max Price₹480.00
Buy₹31,254,98728 Mar 19
Lakshmi Venkatachalam Family Trust
EntityCompany
Shares65,101
Max Price₹480.10
Buy₹1,352,92228 Mar 19
M M Venkatachalam Family Trust
EntityCompany
Shares2,818
Max Price₹480.10
Sell₹31,254,98728 Mar 19
Muthiah Venkatachalam
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares65,101
Max Price₹480.10
Sell₹5,666,56628 Mar 19
N. Shankar
EntityIndividual
Shares11,820
Max Price₹479.40
Buy₹1,591,75528 Mar 19
M M Murugappan Family Trust
EntityCompany
Shares3,300
Max Price₹482.35
Sell₹2,294,54314 Mar 19
C. Sitaram
EntityIndividual
Shares4,665
Max Price₹493.42
Sell₹1,503,60014 Mar 19
Ambadasu Rao
EntityIndividual
Shares3,000
Max Price₹501.20
Sell₹3,520,02711 Mar 19
Ripu Singh
EntityIndividual
Shares7,500
Max Price₹480.00
Sell₹1,161,49711 Mar 19
T. Raghavan
EntityIndividual
Shares2,450
Max Price₹479.81
Sell₹1,372,55008 Mar 19
T. Raghavan
EntityIndividual
Shares3,000
Max Price₹460.00
Buy₹199,574,20704 Jan 19
M/S. M M Muthiah Family Trust
EntityCompany
Shares443,252
Max Price₹450.25
Buy₹170,262,03204 Jan 19
M M Veerappan Family Trust
EntityCompany
Shares378,150
Max Price₹450.25
Buy₹29,312,17504 Jan 19
Subramanian Family Trust
EntityCompany
Shares65,102
Max Price₹450.25
Sell₹29,312,17504 Jan 19
Muthiah Venkatachalam
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares65,102
Max Price₹450.25
Sell₹29,312,17504 Jan 19
Lakshmi Venkatachalam
EntityIndividual
Shares65,102
Max Price₹450.25
Sell₹170,262,03204 Jan 19
Meenakshi Murugappan
EntityIndividual
Shares378,150
Max Price₹450.25
Sell₹1,785,05628 Dec 18
N. Shankar
EntityIndividual
Shares3,999
Max Price₹446.38
Sell₹1,126,61324 Dec 18
K. Muruganandham
EntityIndividual
Shares2,500
Max Price₹452.67
Sell₹924,72020 Dec 18
K. Muruganandham
EntityIndividual
Shares2,101
Max Price₹446.50
Sell₹831,50007 Dec 18
K. Muruganandham
EntityIndividual
Shares2,000
Max Price₹415.75
Sell₹804,26404 Dec 18
K. Muruganandham
EntityIndividual
Shares2,000
Max Price₹406.50

Ownership Breakdown

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


Management Team

  • Murugappan Murugappan (64yo)

    Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: ₹20.13m
  • P. Varadarajan

    Senior VP of Legal

    • Tenure: 6.4yrs
    • Compensation: ₹8.37m
  • Seshadri Govindarajan (56yo)

    Executive VP & Head of Commercial

    • Tenure: 0yrs
  • G. Veerabhadram (61yo)

    President of Crop Protection

    • Tenure: 0yrs
  • Arun George (52yo)

    Head of Retail & Executive VP

    • Tenure: 0yrs
  • S. Sankarasubramanian (50yo)

    President of Fertilisers

    • Tenure: 0yrs
  • Kalidas Pramanik (51yo)

    Executive Vice President of Marketing - Fertilisers & Organic

    • Tenure: 0yrs
  • Jayashree Satagopan (51yo)

    CFO & Executive VP

    • Tenure: 2yrs
    • Compensation: ₹17.92m
  • Sameer Goel (56yo)

    MD & Executive Director

    • Tenure: 4.1yrs
    • Compensation: ₹48.43m
  • B. Rao (58yo)

    Executive VP & Head of Human Resources

    • Tenure: 4.1yrs

Board Members

  • Bodanapu Venkat Rama Reddy (69yo)

    Non-Executive & Non-Independent Director

    • Tenure: 11.8yrs
    • Compensation: ₹1.06m
  • Murugappan Murugappan (64yo)

    Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: ₹20.13m
  • Arunachalam Vellayan (66yo)

    • Tenure: 0yrs
    • Compensation: ₹16.89m
  • Muthiah Venkatachalam (61yo)

    Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: ₹1.01m
  • Aruna Advani (65yo)

    Additional Women Independent Director

    • Tenure: 1.3yrs
    • Compensation: ₹604.73k
  • V. Ravichandran (63yo)

    Vice Chairman

    • Tenure: 8.3yrs
    • Compensation: ₹965.00k
  • Prasad Chandran (67yo)

    Non-Executive & Independent Director

    • Tenure: 5.6yrs
    • Compensation: ₹1.08m
  • Sameer Goel (56yo)

    MD & Executive Director

    • Tenure: 4.1yrs
    • Compensation: ₹48.43m
  • Sumit Bose (65yo)

    Non-Executive & Independent Director

    • Tenure: 3.7yrs
    • Compensation: ₹1.08m
  • Nagarajan Ramamurthy (60yo)

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: ₹448.97k

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: ₹139.269b
  • Shares outstanding: 292.61m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 12:52
End of Day Share Price2019/11/13 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.