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Coromandel International

NSEI:COROMANDEL
Snowflake Description

Adequate balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COROMANDEL
NSEI
₹129B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Coromandel International Limited manufactures and trades in farm inputs in India. The last earnings update was 89 days ago. More info.


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COROMANDEL Share Price and Events
7 Day Returns
1.2%
NSEI:COROMANDEL
0.1%
IN Chemicals
0.8%
IN Market
1 Year Returns
-17%
NSEI:COROMANDEL
-0.9%
IN Chemicals
-0.7%
IN Market
COROMANDEL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coromandel International (COROMANDEL) 1.2% -6.4% -2.7% -17% 100.1% 99.4%
IN Chemicals 0.1% 2% 3.6% -0.9% 67.8% 198%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • COROMANDEL underperformed the Chemicals industry which returned -0.9% over the past year.
  • COROMANDEL underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
COROMANDEL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Coromandel International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coromandel International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coromandel International.

NSEI:COROMANDEL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:COROMANDEL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.93 (1 + (1- 35%) (16.57%))
1.02
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.02 * 8.6%)
16.33%

Discounted Cash Flow Calculation for NSEI:COROMANDEL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coromandel International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:COROMANDEL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.33%)
2019 724.50 Analyst x2 622.82
2020 8,058.00 Analyst x1 5,954.92
2021 6,955.67 Analyst x3 4,418.87
2022 6,853.32 Est @ -1.47% 3,742.81
2023 6,937.96 Est @ 1.23% 3,257.26
2024 7,155.08 Est @ 3.13% 2,887.75
2025 7,473.88 Est @ 4.46% 2,593.08
2026 7,876.27 Est @ 5.38% 2,349.17
2027 8,351.51 Est @ 6.03% 2,141.33
2028 8,893.41 Est @ 6.49% 1,960.25
Present value of next 10 years cash flows ₹29,928.27
NSEI:COROMANDEL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹8,893.41 × (1 + 7.55%) ÷ (16.33% – 7.55%)
₹108,992.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹108,992.39 ÷ (1 + 16.33%)10
₹24,023.64
NSEI:COROMANDEL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹29,928.27 + ₹24,023.64
₹53,951.92
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹53,951.92 / 292.53
₹184.43
NSEI:COROMANDEL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹184.43
Current discount Discount to share price of ₹439.85
= -1 x (₹439.85 - ₹184.43) / ₹184.43
-138.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Coromandel International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coromandel International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coromandel International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:COROMANDEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹22.98
NSEI:COROMANDEL Share Price ** NSEI (2019-04-18) in INR ₹439.85
India Chemicals Industry PE Ratio Median Figure of 232 Publicly-Listed Chemicals Companies 15.5x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coromandel International.

NSEI:COROMANDEL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:COROMANDEL Share Price ÷ EPS (both in INR)

= 439.85 ÷ 22.98

19.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coromandel International is overvalued based on earnings compared to the IN Chemicals industry average.
  • Coromandel International is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Coromandel International's expected growth come at a high price?
Raw Data
NSEI:COROMANDEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
14.7%per year
India Chemicals Industry PEG Ratio Median Figure of 60 Publicly-Listed Chemicals Companies 1.28x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:COROMANDEL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.14x ÷ 14.7%

1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coromandel International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coromandel International's assets?
Raw Data
NSEI:COROMANDEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹110.35
NSEI:COROMANDEL Share Price * NSEI (2019-04-18) in INR ₹439.85
India Chemicals Industry PB Ratio Median Figure of 267 Publicly-Listed Chemicals Companies 1.51x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:COROMANDEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:COROMANDEL Share Price ÷ Book Value per Share (both in INR)

= 439.85 ÷ 110.35

3.99x

* Primary Listing of Coromandel International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coromandel International is overvalued based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Coromandel International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Coromandel International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coromandel International expected to grow at an attractive rate?
  • Coromandel International's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Coromandel International's earnings growth is positive but not above the India market average.
  • Coromandel International's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:COROMANDEL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:COROMANDEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 14.7%
NSEI:COROMANDEL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 7.6%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 14.6%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:COROMANDEL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:COROMANDEL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31
2021-03-31 154,416 7,501 9,694 9
2020-03-31 145,094 8,536 8,578 10
2019-03-31 133,263 5,427 7,369 10
NSEI:COROMANDEL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 128,618 6,721
2018-09-30 125,473 6,982
2018-06-30 112,143 6,812
2018-03-31 109,467 2,556 6,636
2017-12-31 108,344 7,344
2017-09-30 103,747 6,740
2017-06-30 102,471 5,449
2017-03-31 100,308 9,152 4,770
2016-12-31 108,219 4,286
2016-09-30 113,339 3,976
2016-06-30 113,656 3,537
2016-03-31 114,814 184 3,574

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coromandel International's earnings are expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
  • Coromandel International's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:COROMANDEL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Coromandel International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:COROMANDEL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 39.80 39.80 39.80 1.00
2021-03-31 33.20 35.50 31.00 6.00
2020-03-31 29.37 31.10 27.92 7.00
2019-03-31 25.40 26.50 24.70 8.00
NSEI:COROMANDEL Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 22.98
2018-09-30 23.89
2018-06-30 23.32
2018-03-31 22.72
2017-12-31 25.16
2017-09-30 23.10
2017-06-30 18.64
2017-03-31 16.36
2016-12-31 14.70
2016-09-30 13.64
2016-06-30 12.15
2016-03-31 12.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Coromandel International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Coromandel International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coromandel International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Coromandel International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coromandel International's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coromandel International's year on year earnings growth rate has been positive over the past 5 years.
  • Coromandel International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Coromandel International's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
Earnings and Revenue History
Coromandel International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coromandel International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:COROMANDEL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 128,618.40 6,720.50 5,251.80
2018-09-30 125,472.70 6,982.00 4,992.10
2018-06-30 112,142.50 6,811.80 4,477.00
2018-03-31 109,467.10 6,636.20 4,372.00
2017-12-31 108,343.90 7,343.60 5,184.30
2017-09-30 103,747.00 6,740.40 4,642.00
2017-06-30 102,470.50 5,449.00 4,135.40
2017-03-31 100,307.50 4,769.60 3,500.70
2016-12-31 108,218.90 4,286.30 3,747.30
2016-09-30 113,338.80 3,976.10 3,541.20
2016-06-30 113,656.30 3,537.30 3,385.90
2016-03-31 114,814.20 3,574.40 3,251.60
2015-12-31 114,974.70 3,369.60 11,110.10
2015-09-30 117,041.00 3,772.90 10,947.40
2015-06-30 116,057.20 3,837.10 10,695.60
2015-03-31 113,052.60 4,017.90 3,053.80
2014-12-31 104,874.60 4,135.10 9,531.60
2014-09-30 102,815.60 3,870.30 9,632.60
2014-06-30 100,309.10 3,672.20 9,411.70
2014-03-31 100,478.70 3,560.90 9,213.70
2013-12-31 99,453.10 2,873.80 8,988.30
2013-09-30 96,136.00 2,615.60 7,829.50
2013-06-30 90,733.90 3,383.60 7,741.00
2013-03-31 90,302.50 4,319.90 7,672.70
2012-12-31 96,342.30 4,872.10 7,192.10
2012-09-30 97,718.00 5,494.50 7,089.00
2012-06-30 98,899.80 5,949.50 6,977.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coromandel International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Coromandel International used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Coromandel International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coromandel International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coromandel International has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Coromandel International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coromandel International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coromandel International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coromandel International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Coromandel International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coromandel International Company Filings, last reported 3 months ago.

NSEI:COROMANDEL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32,272.90 21,316.70 2,339.60
2018-09-30 32,272.90 21,316.70 2,339.60
2018-06-30 31,258.60 27,284.40 4,420.40
2018-03-31 31,258.60 27,284.40 4,420.40
2017-12-31 31,149.20 16,252.10 2,860.10
2017-09-30 31,149.20 16,252.10 2,860.10
2017-06-30 28,907.70 22,283.80 1,468.40
2017-03-31 28,907.70 22,283.80 1,468.40
2016-12-31 27,123.90 26,159.80 3,156.10
2016-09-30 27,123.90 26,159.80 3,156.10
2016-06-30 24,248.90 22,663.50 2,031.50
2016-03-31 26,339.60 26,767.00 2,171.50
2015-12-31 23,910.10 25,498.60 2,449.50
2015-09-30 23,910.10 25,498.60 2,449.50
2015-06-30 22,020.10 22,950.70 3,177.80
2015-03-31 22,020.10 22,950.70 3,177.80
2014-12-31 25,224.60 21,926.20 3,108.80
2014-09-30 25,224.60 21,926.20 3,108.80
2014-06-30 23,066.00 18,513.80 4,723.50
2014-03-31 23,066.00 18,513.80 4,723.50
2013-12-31 24,548.70 23,030.50 5,255.00
2013-09-30 24,548.70 23,030.50 5,255.00
2013-06-30 23,028.50 29,458.30 5,347.80
2013-03-31 23,028.50 29,458.30 5,347.80
2012-12-31 22,755.60 25,623.00 5,205.60
2012-09-30 22,755.60 25,623.00 5,205.60
2012-06-30 24,161.10 29,434.10 9,847.60
  • Coromandel International's level of debt (66.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (93.7% vs 66.1% today).
  • Debt is not well covered by operating cash flow (12%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Coromandel International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coromandel International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.48%
Current annual income from Coromandel International dividends. Estimated to be 2.1% next year.
If you bought ₹2,000 of Coromandel International shares you are expected to receive ₹30 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Coromandel International's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Coromandel International's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:COROMANDEL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 164 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:COROMANDEL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2021-03-31 9.84 6.00
2020-03-31 8.70 7.00
2019-03-31 7.41 6.00
NSEI:COROMANDEL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-01-21 6.500 1.424
2018-04-24 7.000 1.663
2018-03-16 6.000 1.144
2017-04-28 5.000 1.070
2016-06-30 4.000 1.418
2016-04-27 4.000 1.702
2016-01-22 0.000 0.000
2015-07-02 5.000 2.597
2015-04-30 5.000 2.072
2015-01-23 4.000 1.468
2014-11-03 4.000 1.287
2014-08-25 4.500 1.505
2013-06-26 4.500 2.056
2013-04-23 4.500 2.381
2012-07-24 7.000 2.868
2012-01-23 7.000 2.588
2011-04-21 7.000 2.259
2010-08-30 5.000 1.721
2009-04-24 5.000 4.059
2009-04-21 5.000 8.429

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Coromandel International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Coromandel International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coromandel International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coromandel International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sameer Goel
COMPENSATION ₹40,571,711
AGE 55
TENURE AS CEO 3.5 years
CEO Bio

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 Area Sales Manager. In his career with GSK, spanning more than 25 years, he has held various roles in India, UK, UAE, Nigeria and South Africa and was Vice President for Africa when he moved from GSK. Prior to joining Coromandel, he was with Cipla Limited as Country Head - India. He has extensive experience in managing businesses, driving sales across multiple geographies and building B2C businesses. Mr. Sameer Goel had served on the Advisory Board of Lagos Business School; he was a Member of Africa Economist Forum and a Member of the Commercial Directors Forum in India. He holds a Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad. He also holds a Bachelor’s degree in Economics from St. Stephens College, New Delhi.

CEO Compensation
  • Sameer's compensation has been consistent with company performance over the past year.
  • Sameer's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Coromandel International management team in years:

3.5
Average Tenure
55
Average Age
  • The tenure for the Coromandel International management team is about average.
Management Team

Murugappan Murugappan

TITLE
Executive Chairman
COMPENSATION
₹3M
AGE
63

Sameer Goel

TITLE
MD & Executive Director
COMPENSATION
₹41M
AGE
55
TENURE
3.5 yrs

Jayashree Satagopan

TITLE
CFO & Executive VP
COMPENSATION
₹15M
AGE
50
TENURE
1.5 yrs

P. Varadarajan

TITLE
Senior VP of Legal
COMPENSATION
₹7M
TENURE
5.8 yrs

B. Rao

TITLE
Executive VP & Head of Human Resources
AGE
57
TENURE
3.5 yrs

G. Veerabhadram

TITLE
President of Crop Protection
AGE
60

Seshadri Govindarajan

TITLE
Executive VP & Head of Commercial
AGE
55

Arun George

TITLE
Head of Business - SSP & Executive VP
AGE
51

S. Sankarasubramanian

TITLE
President & Head of Fertilisers
COMPENSATION
₹14M
AGE
49

Ripu Singh

TITLE
Executive VP & Head of Retail
AGE
56
Board of Directors Tenure

Average tenure and age of the Coromandel International board of directors in years:

3.5
Average Tenure
63.5
Average Age
  • The tenure for the Coromandel International board of directors is about average.
Board of Directors

Sameer Goel

TITLE
MD & Executive Director
COMPENSATION
₹41M
AGE
55
TENURE
3.5 yrs

V. Ravichandran

TITLE
Vice Chairman
COMPENSATION
₹950K
AGE
62
TENURE
7.8 yrs

Murugappan Murugappan

TITLE
Executive Chairman
COMPENSATION
₹3M
AGE
63
TENURE
1.3 yrs

B. V. R. Reddy

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
68
TENURE
11.3 yrs

Prasad Chandran

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
66
TENURE
5 yrs

Sumit Bose

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
64
TENURE
3.1 yrs

Arunachalam Vellayan

TITLE
COMPENSATION
₹17M
AGE
65

Muthiah Venkatachalam

TITLE
Non-Executive Director
COMPENSATION
₹1M
AGE
60
TENURE
12.3 yrs

Aruna Advani

TITLE
Additional Women Independent Director
AGE
64
TENURE
0.7 yrs

Nagarajan Ramamurthy

TITLE
Independent Director
AGE
59
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • Coromandel International insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
04. Apr 19 Sell Aminul Islam Individual 25. Mar 19 25. Mar 19 -1,608 ₹481.89 ₹-774,884
03. Apr 19 Sell Ripu Singh Individual 29. Mar 19 29. Mar 19 -5,000 ₹505.00 ₹-2,525,000
28. Mar 19 Buy M M Venkatachalam Family Trust Company 25. Mar 19 25. Mar 19 2,818 ₹480.10 ₹1,352,922
28. Mar 19 Buy Lakshmi Venkatachalam Family Trust Company 25. Mar 19 25. Mar 19 65,101 ₹480.10 ₹31,254,987
28. Mar 19 Buy M M Murugappan Family Trust Company 26. Mar 19 26. Mar 19 3,300 ₹482.35 ₹1,591,755
28. Mar 19 Sell Srikanthan Srinivasan Individual 26. Mar 19 26. Mar 19 -5,000 ₹480.00 ₹-2,400,000
28. Mar 19 Sell N. Shankar Individual 25. Mar 19 25. Mar 19 -11,820 ₹479.40 ₹-5,666,566
28. Mar 19 Sell Meenakshi Murugappan Individual 26. Mar 19 26. Mar 19 -3,300 ₹482.35 ₹-1,591,755
28. Mar 19 Sell Muthiah Venkatachalam Individual 25. Mar 19 25. Mar 19 -65,101 ₹480.10 ₹-31,254,987
14. Mar 19 Sell C. Sitaram Individual 11. Mar 19 12. Mar 19 -4,665 ₹493.42 ₹-2,294,543
14. Mar 19 Sell Ambadasu Rao Individual 12. Mar 19 12. Mar 19 -3,000 ₹501.20 ₹-1,503,600
11. Mar 19 Sell T. Raghavan Individual 07. Mar 19 08. Mar 19 -2,450 ₹479.81 ₹-1,161,497
11. Mar 19 Sell Ripu Singh Individual 07. Mar 19 08. Mar 19 -7,500 ₹480.00 ₹-3,520,027
08. Mar 19 Sell T. Raghavan Individual 01. Feb 19 05. Mar 19 -3,000 ₹460.00 ₹-1,372,550
04. Jan 19 Buy Subramanian Family Trust Company 31. Dec 18 31. Dec 18 65,102 ₹450.25 ₹29,312,175
04. Jan 19 Buy M/S. M M Muthiah Family Trust Company 31. Dec 18 31. Dec 18 443,252 ₹450.25 ₹199,574,207
04. Jan 19 Buy M M Veerappan Family Trust Company 31. Dec 18 31. Dec 18 378,150 ₹450.25 ₹170,262,032
04. Jan 19 Sell Meenakshi Murugappan Individual 31. Dec 18 31. Dec 18 -378,150 ₹450.25 ₹-170,262,032
04. Jan 19 Sell Lakshmi Venkatachalam Individual 31. Dec 18 31. Dec 18 -65,102 ₹450.25 ₹-29,312,175
04. Jan 19 Sell Muthiah Venkatachalam Individual 31. Dec 18 31. Dec 18 -65,102 ₹450.25 ₹-29,312,175
28. Dec 18 Sell N. Shankar Individual 24. Dec 18 24. Dec 18 -3,999 ₹446.38 ₹-1,785,056
24. Dec 18 Sell K. Muruganandham Individual 19. Dec 18 20. Dec 18 -2,500 ₹452.67 ₹-1,126,613
20. Dec 18 Sell K. Muruganandham Individual 14. Dec 18 18. Dec 18 -2,101 ₹446.50 ₹-924,720
07. Dec 18 Sell K. Muruganandham Individual 03. Dec 18 03. Dec 18 -2,000 ₹415.75 ₹-831,500
04. Dec 18 Sell K. Muruganandham Individual 27. Nov 18 30. Nov 18 -2,000 ₹406.50 ₹-804,264
01. Nov 18 Sell K. Muruganandham Individual 29. Oct 18 31. Oct 18 -9,026 ₹420.00 ₹-3,700,534
31. Aug 18 Sell Amit Rastogi Individual 06. Aug 18 29. Aug 18 -3,000 ₹450.99 ₹-1,311,009
03. Jul 18 Sell K. Muruganandham Individual 27. Jun 18 27. Jun 18 -2,000 ₹400.00 ₹-800,000
29. Jun 18 Sell Amit Rastogi Individual 26. Jun 18 26. Jun 18 -5,500 ₹396.09 ₹-2,178,500
24. May 18 Sell Amit Rastogi Individual 22. May 18 22. May 18 -2,400 ₹440.11 ₹-1,056,269
X
Management checks
We assess Coromandel International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coromandel International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should Coromandel International Limited (NSE:COROMANDEL) Be Part Of Your Dividend Portfolio?

Is Coromandel International Limited (NSE:COROMANDEL) a good dividend stock? … While Coromandel International's 1.5% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … There are a few simple ways to reduce the risks of buying Coromandel International for its dividend, and we'll go through these below.

Simply Wall St -

Should We Worry About Coromandel International Limited's (NSE:COROMANDEL) P/E Ratio?

To keep it practical, we'll show how Coromandel International Limited's (NSE:COROMANDEL) P/E ratio could help you assess the value on offer. … How Do I Calculate Coromandel International's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Want To Invest In Coromandel International Limited (NSE:COROMANDEL)? Here's How It Performed Lately

Assessing Coromandel International Limited's (NSE:COROMANDEL) past track record of performance is a useful exercise for investors. … See our latest analysis for Coromandel International? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 17%, indicating the rate at which COROMANDEL is growing has slowed down

Simply Wall St -

Coromandel International Limited (NSE:COROMANDEL) Earns Among The Best Returns In Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is Coromandel International Limited (NSE:COROMANDEL) Overpaying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Coromandel International … How Does Sameer Goel's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Coromandel International Limited (NSE:COROMANDEL) A Volatile Stock?

If you're interested in Coromandel International Limited (NSE:COROMANDEL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Coromandel International Limited (NSE:COROMANDEL) Has Attractive Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Coromandel International Limited (NSE:COROMANDEL) due to its excellent fundamentals in more than one area. … COROMANDEL

Simply Wall St -

Who Has Been Selling Coromandel International Limited (NSE:COROMANDEL) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Coromandel International Limited (NSE:COROMANDEL). … The Last 12 Months Of Insider Transactions At Coromandel International. … That means that an insider was selling shares at below the current price (₹456)

Simply Wall St -

A Look At The Intrinsic Value Of Coromandel International Limited (NSE:COROMANDEL)

In this article I am going to calculate the intrinsic value of Coromandel International Limited (NSE:COROMANDEL). … by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF).

Simply Wall St -

What Kind Of Shareholders Own Coromandel International Limited (NSE:COROMANDEL)?

If you want to know who really controls Coromandel International Limited (NSE:COROMANDEL), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

Company Info

Description

Coromandel International Limited manufactures and trades in 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 under the Mana Gromor name in Andhra Pradesh, Telangana, and Karnataka, which offer farm inputs, as well as provides farm mechanization services. It offers its products under the Gromor, Godavari, and Double Horse brand names. Coromandel International Limited also exports its crop protection products to customers in Latin America, Africa, Europe, and Asia. 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.

Details
Name: Coromandel International Limited
COROMANDEL
Exchange: NSEI
Founded: 1961
₹128,668,145,660
292,527,329
Website: http://www.coromandel.biz
Address: Coromandel International Limited
Coromandel House,
1-2-10, Sardar Patel Road,
Secunderabad,
Andhra Pradesh, 500003,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI COROMANDEL Equity Shares National Stock Exchange of India IN INR 13. Jun 1995
BSE 506395 Equity Shares Mumbai Stock Exchange IN INR 13. Jun 1995
Number of employees
Current staff
Staff numbers
0
Coromandel International employees.
Industry
Fertilizers and Agricultural Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/01/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.