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Coromandel International

Market Cap

₹214.4b

Last Updated

2021/05/06 12:29 UTC

Data Sources

Company Financials +

Executive Summary

Coromandel International Limited manufactures and sells farm inputs in India. More Details


Snowflake Analysis

Flawless balance sheet with solid 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 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: COROMANDEL's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

COROMANDEL

1.1%

IN Chemicals

0.4%

IN Market


1 Year Return

20.0%

COROMANDEL

74.8%

IN Chemicals

67.3%

IN Market

Return vs Industry: COROMANDEL underperformed the Indian Chemicals industry which returned 71.9% over the past year.

Return vs Market: COROMANDEL underperformed the Indian Market which returned 65.4% over the past year.


Shareholder returns

COROMANDELIndustryMarket
7 Day-0.5%1.1%0.4%
30 Day-0.4%5.0%1.6%
90 Day-3.3%15.9%4.3%
1 Year22.9%20.0%76.3%74.8%69.9%67.3%
3 Year70.1%62.1%77.9%68.6%27.9%21.5%
5 Year248.0%220.3%188.0%168.0%87.7%73.4%

Long-Term 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?

16.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: COROMANDEL (₹729.85) is trading above our estimate of fair value (₹256.04)

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


Price To Earnings Ratio

PE vs Industry: COROMANDEL is good value based on its PE Ratio (16.1x) compared to the IN Chemicals industry average (18.7x).

PE vs Market: COROMANDEL is good value based on its PE Ratio (16.1x) compared to the Indian market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: COROMANDEL is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: COROMANDEL is overvalued based on its PB Ratio (4.2x) compared to the IN Chemicals industry average (1.7x).


Future Growth

How is Coromandel International forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COROMANDEL's forecast earnings growth (8.9% per year) is above the savings rate (6.8%).

Earnings vs Market: COROMANDEL's earnings (8.9% per year) are forecast to grow slower than the Indian market (23.2% per year).

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

Revenue vs Market: COROMANDEL's revenue (8.7% per year) is forecast to grow slower than the Indian market (13.4% per year).

High Growth Revenue: COROMANDEL's revenue (8.7% 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 (21%)


Past Performance

How has Coromandel International performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COROMANDEL has high quality earnings.

Growing Profit Margin: COROMANDEL's current net profit margins (9.4%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: COROMANDEL's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: COROMANDEL's earnings growth over the past year (24.8%) is below its 5-year average (25.8% per year).

Earnings vs Industry: COROMANDEL earnings growth over the past year (24.8%) exceeded the Chemicals industry 8.1%.


Return on Equity

High ROE: COROMANDEL's Return on Equity (25.8%) is considered high.


Financial Health

How is Coromandel International's financial position?


Financial Position Analysis

Short Term Liabilities: COROMANDEL's short term assets (₹65.2B) exceed its short term liabilities (₹33.0B).

Long Term Liabilities: COROMANDEL's short term assets (₹65.2B) exceed its long term liabilities (₹4.4B).


Debt to Equity History and Analysis

Debt Level: COROMANDEL's debt to equity ratio (0.03%) is considered satisfactory.

Reducing Debt: COROMANDEL's debt to equity ratio has reduced from 101.5% to 0.03% over the past 5 years.

Debt Coverage: COROMANDEL's debt is well covered by operating cash flow (257773.3%).

Interest Coverage: COROMANDEL's interest payments on its debt are well covered by EBIT (17.4x coverage).


Balance Sheet


Dividend

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

1.64%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 07 2021Ex Dividend DateJul 15 2021Dividend Pay DateAug 25 202141 days from Ex DividendBuy in the next 69 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: COROMANDEL's dividend (1.64%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: COROMANDEL's dividend (1.64%) is low compared to the top 25% of dividend payers in the Indian market (1.77%).


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 (26.5%), 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 (28.1% payout ratio).


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Sameer Goel (57 yo)

5.58yrs

Tenure

₹49,607,216

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 ($USD671.95K) is about average for companies of similar size in the Indian market ($USD670.04K).

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


Leadership Team

Experienced Management: COROMANDEL's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: COROMANDEL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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: ₹214.445b
  • Shares outstanding: 293.38m
  • Website: https://www.coromandel.biz

Number of Employees


Location

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

Listings


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 and fortifi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 12:29
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.