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CORO

Coromandel InternationalNSEI:COROMANDEL Stock Report

Market Cap

₹237.1b

7D

-4.0%

1Y

14.0%

Updated

26 Oct, 2021

Data

Company Financials +
COROMANDEL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends5/6

COROMANDEL Overview

Coromandel International Limited manufactures and sells farm inputs in India.

Coromandel International Competitors

UPL

BSE:512070

₹545.0b

PI Industries

BSE:523642

₹460.3b

Bayer CropScience

BSE:506285

₹224.7b

Sumitomo Chemical India

BSE:542920

₹192.7b

Price History & Performance

Summary of all time highs, changes and price drops for Coromandel International
Historical stock prices
Current Share Price₹807.90
52 Week High₹700.00
52 Week Low₹956.00
Beta0.52
1 Month Change0.062%
3 Month Change-7.30%
1 Year Change14.01%
3 Year Change95.29%
5 Year Change184.22%
Change since IPO2,414.86%

Recent News & Updates

Sep 29
Do Coromandel International's (NSE:COROMANDEL) Earnings Warrant Your Attention?

Do Coromandel International's (NSE:COROMANDEL) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Aug 19
Coromandel International (NSE:COROMANDEL) Seems To Use Debt Rather Sparingly

Coromandel International (NSE:COROMANDEL) Seems To Use Debt Rather Sparingly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Aug 05
Coromandel International (NSE:COROMANDEL) Is Aiming To Keep Up Its Impressive Returns

Coromandel International (NSE:COROMANDEL) Is Aiming To Keep Up Its Impressive Returns

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Jul 19
We Think Shareholders Will Probably Be Generous With Coromandel International Limited's (NSE:COROMANDEL) CEO Compensation

We Think Shareholders Will Probably Be Generous With Coromandel International Limited's (NSE:COROMANDEL) CEO Compensation

It would be hard to discount the role that CEO Sameer Goel has played in delivering the impressive results at...

Shareholder Returns

COROMANDELIN ChemicalsIN Market
7D-4.0%-10.1%-4.6%
1Y14.0%63.2%61.7%

Return vs Industry: COROMANDEL underperformed the Indian Chemicals industry which returned 63.2% over the past year.

Return vs Market: COROMANDEL underperformed the Indian Market which returned 61.7% over the past year.

Price Volatility

Is COROMANDEL's price volatile compared to industry and market?
COROMANDEL volatility
COROMANDEL Beta0.52
Industry Beta0.65
Market Beta1

Stable Share Price: COROMANDEL is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: COROMANDEL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19615,031Sameer Goelhttps://www.coromandel.biz

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 fortified fertilizers; bio pesticide solutions; crop protection products, including insecticides, fungicides, herbicides, and plant bio stimulants; specialty nutrients, such as bentonite sulphur, water soluble and organic fertilizers, and micronutrients; and organic compost.

Coromandel International Fundamentals Summary

How do Coromandel International's earnings and revenue compare to its market cap?
COROMANDEL fundamental statistics
Market Cap₹237.12b
Earnings (TTM)₹14.16b
Revenue (TTM)₹146.64b

16.7x

P/E Ratio

1.6x

P/S Ratio

Is COROMANDEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
COROMANDEL income statement (TTM)
Revenue₹146.64b
Cost of Revenue₹100.24b
Gross Profit₹46.40b
Expenses₹32.24b
Earnings₹14.16b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)48.27
Gross Margin31.64%
Net Profit Margin9.66%
Debt/Equity Ratio7.5%

How did COROMANDEL perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

25%

Payout Ratio

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 (₹807.9) is trading above our estimate of fair value (₹335.87)

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 (16.7x) compared to the Indian Chemicals industry average (18.1x).

PE vs Market: COROMANDEL is good value based on its PE Ratio (16.7x) compared to the Indian market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: COROMANDEL is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: COROMANDEL is overvalued based on its PB Ratio (4.6x) compared to the IN Chemicals industry average (2.3x).


Future Growth

How is Coromandel International forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

8.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COROMANDEL's forecast earnings growth (8.1% per year) is above the savings rate (6.7%).

Earnings vs Market: COROMANDEL's earnings (8.1% per year) are forecast to grow slower than the Indian market (19.1% per year).

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

Revenue vs Market: COROMANDEL's revenue (7.5% per year) is forecast to grow slower than the Indian market (12.8% per year).

High Growth Revenue: COROMANDEL's revenue (7.5% 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 (20.9%)


Past Performance

How has Coromandel International performed over the past 5 years?

25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COROMANDEL has high quality earnings.

Growing Profit Margin: COROMANDEL's current net profit margins (9.7%) are higher than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: COROMANDEL's earnings have grown significantly by 25.4% per year over the past 5 years.

Accelerating Growth: COROMANDEL's earnings growth over the past year (13%) is below its 5-year average (25.4% per year).

Earnings vs Industry: COROMANDEL earnings growth over the past year (13%) underperformed the Chemicals industry 45.2%.


Return on Equity

High ROE: COROMANDEL's Return on Equity (27.5%) 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 (7.5%) is considered satisfactory.

Reducing Debt: COROMANDEL's debt to equity ratio has reduced from 93.5% to 7.5% over the past 5 years.

Debt Coverage: COROMANDEL's debt is well covered by operating cash flow (1078.1%).

Interest Coverage: COROMANDEL's interest payments on its debt are well covered by EBIT (64.9x coverage).


Balance Sheet


Dividend

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

1.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COROMANDEL's dividend (1.49%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: COROMANDEL's dividend (1.49%) is in the top 25% of dividend payers in the Indian market (1.42%)


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 (24.8%), 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 (28.4% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Sameer Goel (58 yo)

6yrs

Tenure

₹87,662,212

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 ($USD1.17M) is above average for companies of similar size in the Indian market ($USD590.95K).

Compensation vs Earnings: Sameer's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: COROMANDEL's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: COROMANDEL's board of directors are considered experienced (3.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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: ₹237.124b
  • Shares outstanding: 293.43m
  • Website: https://www.coromandel.biz

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:11
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
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.