Fertilizers & Agrochemicals
Valuation | |
|---|---|
| Market Cap | 67.61 kCr |
| Price/Earnings (Trailing) | 28.17 |
| Price/Sales (Trailing) | 2.19 |
| EV/EBITDA | 17.43 |
| Price/Free Cashflow | 536.92 |
| MarketCap/EBT | 21.55 |
| Enterprise Value | 68.15 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 30.87 kCr |
| Rev. Growth (Yr) | 25.7% |
| Earnings (TTM) | 2.36 kCr |
| Earnings Growth (Yr) | -3.8% |
Profitability | |
|---|---|
| Operating Margin | 9% |
| EBT Margin | 10% |
| Return on Equity | 18.62% |
| Return on Assets | 9.55% |
| Free Cashflow Yield | 0.19% |
Growth & Returns | |
|---|---|
| Price Change 1W | 0.20% |
| Price Change 1M | 2% |
| Price Change 6M | -3.4% |
| Price Change 1Y | 34.2% |
| 3Y Cumulative Return | 37.2% |
| 5Y Cumulative Return | 24.6% |
| 7Y Cumulative Return | 26.5% |
| 10Y Cumulative Return | 29.7% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -1.14 kCr |
| Cash Flow from Operations (TTM) | 969.8 Cr |
| Cash Flow from Financing (TTM) | -697.82 Cr |
| Cash & Equivalents | 348.43 Cr |
| Free Cash Flow (TTM) | 119.16 Cr |
| Free Cash Flow/Share (TTM) | 4.04 |
Balance Sheet | |
|---|---|
| Total Assets | 24.74 kCr |
| Total Liabilities | 12.05 kCr |
| Shareholder Equity | 12.68 kCr |
| Current Assets | 16.99 kCr |
| Current Liabilities | 11.13 kCr |
| Net PPE | 3.15 kCr |
| Inventory | 5.57 kCr |
| Goodwill | 670.23 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.04 |
| Debt/Equity | 0.07 |
| Interest Coverage | 8.83 |
| Interest/Cashflow Ops | 4.55 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 18 |
| Dividend Yield | 0.79% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.30% |
Profitability: Recent profitability of 8% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 37.2% return compared to 13.8% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Profitability: Recent profitability of 8% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 37.2% return compared to 13.8% by NIFTY 50.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.79% |
| Dividend/Share (TTM) | 18 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 81.36 |
Financial Health | |
|---|---|
| Current Ratio | 1.53 |
| Debt/Equity | 0.07 |
Technical Indicators | |
|---|---|
| RSI (14d) | 57.88 |
| RSI (5d) | 48.73 |
| RSI (21d) | 51.22 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated May 5, 2025
Despite overall growth, mutual fund and foreign institutional investor holdings in Coromandel have decreased from the previous quarter, which may raise concerns.
Some companies within the fertiliser sector, including Coromandel, faced declines amidst a generally bullish market trend.
The stock has a higher TTM P/E ratio compared to the sector average, which may suggest overvaluation.
Summary of Coromandel International's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for Coromandel International Limited suggests a cautiously optimistic view for the upcoming quarters. Despite encountering challenges such as higher raw material prices and a depreciated rupee, the company aims to maintain growth in its fertilizer production and crop protection segments.
Key forward-looking points include:
Fertilizer Production: The company achieved its highest-ever quarterly fertilizer production of 9.9 lakh tons, representing an 18% increase from the previous year. It aims to sustain production levels amid fluctuating raw material prices.
Subsidy Trends: The government's total subsidy outgo for the fiscal year may reach up to INR 1.86 lakh crores, with an allocation of INR 1.17 lakh crores for urea and INR 54,000 crores for phosphatic fertilizers for the 2026-27 fiscal year. The company feels the allocation is reasonably adequate.
NPK Product Shift: There is a positive shift towards NPK fertilizers, with its market share increasing from 50% to 60% over two years, positioning the company favorably amid the changing consumption landscape.
Crop Protection Growth: The Crop Protection segment anticipates improvements with favorable demand for technical molecules like Mancozeb, while the revenue for the segment saw a 24% growth, reaching INR 785 crores.
Expansion Projects: The backward integration projects for sulfuric and phosphoric acid are progressing well, with completion expected soon. Once operational, these initiatives could enhance value addition significantly.
Market Dynamics: The management expects a sustainable increase in exports, particularly to Europe post the India-EU FTA, which poses opportunities for agrochemicals and specialty fertilizers.
Financial Performance: For Q3, the total income stood at INR 8,863 crores, a 26% increase year-on-year, and net profit after tax was INR 488 crores. The company's EBITDA for the quarter was INR 805 crores, marking a solid growth trajectory.
Overall, Coromandel's strategic focus remains on achieving operational excellence, expanding market share, and enhancing long-term value creation while navigating the complex market dynamics.
Understand Coromandel International ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| E.I.D.PARRY (INDIA) Limited | 56.09% |
| KOTAK ELSS TAX SAVER FUND | 4.34% |
| GROUPE CHIMIQUE TUNISIEN | 1.63% |
| HDFC LARGE AND MID CAP FUND | 1.6% |
| DSP FLEXI CAP FUND | 1.53% |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY | 1.43% |
| AXIS MUTUAL FUND | 1.36% |
Detailed comparison of Coromandel International against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| UPL | UPL | 54.43 kCr | 49.67 kCr | -8.20% | -0.20% | 30.88 | 1.1 | - | - |
| PIIND | PI Industries | 47.33 kCr | 7.24 kCr |
Comprehensive comparison against sector averages
COROMANDEL metrics compared to Fertilizers
| Category | COROMANDEL | Fertilizers |
|---|---|---|
| PE | 27.96 | 18.84 |
| PS | 2.17 | 1.07 |
| Growth | 32.4 % | 18.6 % |
Coromandel International is a prominent fertilizer company, trading under the stock ticker COROMANDEL, with a market capitalization of Rs. 65,921.7 Crores. The company specializes in providing agriculture solutions both in India and internationally.
The operations are divided into two main segments: Nutrient and Other Allied Business and Crop Protection.
In the Nutrient segment, the offerings include:
In addition, Coromandel International provides a range of crop protection products including insecticides, herbicides, fungicides, bio-products, and plant growth regulators.
The company also operates rural retail outlets that offer soil testing, crop diagnostics, and farm mechanization services, particularly across the states of Andhra Pradesh, Telangana, and Karnataka.
Founded in 1961 and headquartered in Chennai, India, Coromandel International was formerly known as Coromandel Fertilisers Ltd until it rebranded in September 2009. It is a subsidiary of E.I.D.-Parry (India) Limited.
Financially, Coromandel International reported a trailing 12 months revenue of Rs. 23,325.9 Crores, and distributes dividends to its investors with a yield of 0.54% per year. In the last 12 months, it returned Rs. 12 dividend per share. Over the past three years, while the company has achieved a significant revenue growth of 30.9%, it has also diluted shareholder holdings by 0.4%.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
COROMANDEL vs Fertilizers (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Coromandel International Ltd's consolidated net profit surged over three-fold to Rs 578.46 crore, showcasing impressive financial health.
The company declared a final dividend of Rs. 6 and a special dividend of Rs. 3 per equity share, reflecting strong shareholder returns.
Coromandel International's EBITDA rose by 56%, indicating strong operational performance and growth potential.
Newspaper Publication • 10 Feb 2026 Copy of newspaper publication on notice to shareholders |
Earnings Call Transcript • 09 Feb 2026 Transcript of conference call held on February 2, 2026. |
General • 03 Feb 2026 Please refer attachment |
Analyst / Investor Meet • 02 Feb 2026 Please refer attachment |
Investor Presentation • 02 Feb 2026 Please refer attachment |
Analyst / Investor Meet • 30 Jan 2026 This is in continuation to our intimation dated 27th January, 2026 regarding Analyst/ Institutional Investor conference scheduled on 30th January, 2026.
We would like to inform that .... |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question: "Sir, first question is related to the Crop Protection business. Like for 9 months, if we see, we have clocked close to around 21% increase in the sales as compared to last 9 months of FY '25. So, if you can just share how much was the volume growth out of this 21% sales growth that we have achieved?"
Answer: "For the Crop Protection segment, exports have grown by 32%, and domestic B2B institutions by 36%. However, domestic formulation for B2C saw only a 5% increase. Overall, volume and value growth have been aligned, and I can confirm that our volume growth is roughly similar to the sales increase."
Question: "The second part possibly could be the price increase or is it because of the launch of newer products... can you just share your views in terms of this improvement in margins?"
Answer: "Yes, new products have contributed to margin improvement, particularly in our domestic formulation segment. However, rainfall impacted our expected growth. The growth we saw has primarily come from exports, driven by both volume increases and favorable pricing."
Question: "With the FTA being signed with Europe and Chinese currency appreciating, how does it help us improving our exports to Europe?"
Answer: "We currently export mainly bio products to Europe. The FTA will eliminate duties that can enhance competitiveness, particularly for our bio products. We expect raw material import tariffs to reduce, which is beneficial for our agrochemical inputs."
Question: "Given the current raw material prices, do we need price hikes to normalize margins of close to INR 5,000 EBITDA per ton?"
Answer: "It's difficult to predict quarterly margins precisely. However, I still believe we can achieve an annualized EBITDA of INR 5,500. There might be some quarterly reductions due to increased raw material costs and currency depreciation."
Question: "What would be our share of exports to Europe out of the INR 1,000 crores from Crop Protection last year?"
Answer: "Currently, our exports to Europe would account for about 15% to 20% of that total."
Question: "Can you provide some comments on the current unit economics of the backward integration project considering sulfur prices?"
Answer: "While it's challenging to pin down numbers, the value addition has reduced due to skyrocketing sulfur prices. Fortunately, rock prices have stabilized, mitigating some of the impact. I anticipate sulfur prices will normalize soon."
Question: "What is the EBITDA share from subsidy for this quarter?"
Answer: "The EBITDA share from the subsidy for this quarter stands at 62%."
Question: "What is the utilization plan for the backward integration plant during Kharif?"
Answer: "We generally target to operate the plant at 100% from day one, and that will be the plan for this project as well."
Question: "What kind of EBITDA increase can we expect when the phos acid plant comes on stream?"
Answer: "We expect to increase annualized EBITDA from INR 5,500 to INR 6,500 across the entire capacity."
Question: "Can you provide details on the revenue and EBITDA for our retail business?"
Answer: "We typically do not disclose retail as a separate segment, so I can't provide those specific numbers at this time."
| SUNDARAM MUTUAL FUND | 1.03% |
| V ARUNACHALAM | 0.07% |
| V NARAYANAN | 0.07% |
| M M Muthiah Family Trust(M M Murugappan & M M Muthiah holds shares on behalf of Trust) | 0.07% |
| M M Veerappan Family Trust (M M Murugappan & Meenakshi Murugappan holds shares on behalf of Trust) | 0.07% |
| ARUN VENKATACHALAM | 0.05% |
| Saraswathi Trust (M V Subbiah, S Vellayan, M V Seetha Subbiah holds shares on behalf of Trust) | 0.04% |
| ARUN ALAGAPPAN | 0.04% |
| LALITHA VELLAYAN | 0.04% |
| M A M ARUNACHALAM | 0.04% |
| Lakshmi Ramaswamy Family Trust (A A Alagammai & Lakshmi Ramaswamy holds shares on behalf of Trust | 0.04% |
| A VENKATACHALAM | 0.04% |
| MEYYAMMAI VENKATACHALAM | 0.03% |
Distribution across major stakeholders
Distribution across major institutional holders
| -0.80% |
| 32.61 |
| 6.53 |
| - |
| - |
| CHAMBLFERT | Chambal Fertilisers & Chemicals | 18.22 kCr | 20.61 kCr | +4.40% | -17.30% | 9.52 | 0.88 | - | - |
| DEEPAKFERT | Deepak Fertilizers &Petrochemicals | 12.62 kCr | 11.31 kCr | -15.20% | -6.50% | 14.43 | 1.12 | - | - |
| RCF | Rashtriya Chemicals & Fertilizers | 7.13 kCr | 16.82 kCr | +0.80% | -1.00% | 22.71 | 0.42 | - | - |
| GSFC | Gujarat State Fertilizers & Chem. | 6.87 kCr | 10.53 kCr | -0.60% | -8.80% | 9.92 | 0.65 | - | - |
| GNFC | Gujarat Narmada Valley Fert.Co. | 6.8 kCr | 8.12 kCr | -0.40% | -14.90% | 10.91 | 0.84 | - | - |
| RALLIS | Rallis India | 5.45 kCr | 2.91 kCr | +4.40% | +28.50% | 32.78 | 1.87 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| -5.8% |
| 8,210 |
| 8,711 |
| 6,449 |
| 6,357 |
| 6,593 |
| 4,346 |
| Profit Before exceptional items and Tax | -38.4% | 653 | 1,059 | 677 | 692 | 905 | 437 |
| Total profit before tax | -38.4% | 653 | 1,059 | 677 | 692 | 905 | 437 |
| Current tax | -33.8% | 187 | 282 | 177 | 180 | 232 | 114 |
| Deferred tax | -42.9% | -22.62 | -15.53 | -1.71 | -4.64 | 0.39 | -1.63 |
| Total tax | -38.5% | 164 | 266 | 176 | 175 | 233 | 113 |
| Total profit (loss) for period | -38.5% | 488 | 793 | 502 | 508 | 659 | 309 |
| Other comp. income net of taxes | -98.4% | 1.42 | 28 | -0.98 | -1.62 | -0.95 | 1.08 |
| Total Comprehensive Income | -40.4% | 490 | 821 | 501 | 506 | 658 | 310 |
| Earnings Per Share, Basic | -38.6% | 17.17 | 27.34 | 17.15 | 17.39 | 22.57 | 10.57 |
| Earnings Per Share, Diluted | -38.6% | 17.14 | 27.3 | 17.12 | 17.36 | 22.53 | 10.56 |
| 11.6% |
| 770 |
| 690 |
| 653 |
| 583 |
| 534 |
| 457 |
| Finance costs | 39.7% | 258 | 185 | 189 | 75 | 106 | 235 |
| Depreciation and Amortization | 24.9% | 277 | 222 | 181 | 172 | 172 | 157 |
| Other expenses | 12.6% | 2,798 | 2,486 | 2,571 | 2,259 | 1,969 | 1,887 |
| Total Expenses | 9.5% | 21,943 | 20,036 | 27,062 | 17,300 | 12,440 | 11,784 |
| Profit Before exceptional items and Tax | 9.4% | 2,485 | 2,272 | 2,722 | 1,931 | 1,766 | 1,371 |
| Exceptional items before tax | - | 100 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 13.8% | 2,585 | 2,272 | 2,722 | 1,931 | 1,766 | 1,371 |
| Current tax | 17.5% | 640 | 545 | 691 | 517 | 456 | 368 |
| Deferred tax | -57.6% | 4.24 | 8.64 | -3.99 | 2.34 | -2.84 | -55.37 |
| Total tax | 16.5% | 644 | 553 | 687 | 519 | 453 | 312 |
| Total profit (loss) for period | 12.9% | 1,941 | 1,719 | 2,035 | 1,412 | 1,312 | 1,059 |
| Other comp. income net of taxes | 27.1% | -3.61 | -5.32 | -139.41 | 18 | 8.44 | 0.53 |
| Total Comprehensive Income | 13% | 1,937 | 1,714 | 1,895 | 1,430 | 1,321 | 1,060 |
| Earnings Per Share, Basic | 13.1% | 65.96 | 58.42 | 69.25 | 48.14 | 44.76 | 36.2 |
| Earnings Per Share, Diluted | 13.1% | 65.86 | 58.36 | 69.115 | 48.03 | 44.64 | 36.11 |
| Debt equity ratio | - | - | 0 | - | - | 0 | 037 |
| Debt service coverage ratio | - | - | 0.1415 | - | - | - | 0.075 |
| Interest service coverage ratio | - | - | 0.1415 | - | - | - | 0.075 |
| -19.3% |
| 2,525 |
| 3,130 |
| 3,054 |
| 2,768 |
| 2,687 |
| 2,184 |
| Capital work-in-progress | 165.7% | 931 | 351 | 159 | 203 | 248 | 375 |
| Investment property | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-current investments | 111.8% | 1,558 | 736 | 732 | 495 | 489 | 220 |
| Loans, non-current | 3.6% | 813 | 785 | 750 | 0 | 0 | 920 |
| Total non-current financial assets | 55.9% | 2,370 | 1,521 | 1,482 | 495 | 489 | 1,140 |
| Total non-current assets | 27% | 6,636 | 5,225 | 4,853 | 3,569 | 3,532 | 3,856 |
| Total assets | 22.8% | 22,402 | 18,236 | 16,843 | 15,682 | 14,244 | 14,191 |
| Total non-current financial liabilities | 3211.8% | 564 | 18 | 488 | 427 | 410 | 384 |
| Provisions, non-current | 61.9% | 5.76 | 3.94 | 29 | 22 | 23 | 20 |
| Total non-current liabilities | 5% | 637 | 607 | 589 | 521 | 495 | 468 |
| Borrowings, current | 67.1% | 0.73 | 0.18 | 0.2 | 0.29 | 0.67 | 4.5 |
| Total current financial liabilities | 46.2% | 9,344 | 6,392 | 5,823 | 5,636 | 4,523 | 5,628 |
| Provisions, current | 12.3% | 65 | 58 | 24 | 24 | 21 | 23 |
| Current tax liabilities | - | 128 | 0 | 54 | 0 | 137 | 57 |
| Total current liabilities | 46% | 9,679 | 6,630 | 6,005 | 5,757 | 4,777 | 5,855 |
| Total liabilities | 42.6% | 10,316 | 7,236 | 6,593 | 6,279 | 5,272 | 6,324 |
| Equity share capital | 0% | 29 | 29 | 29 | 29 | 29 | 29 |
| Total equity | 9.9% | 12,086 | 10,999 | 10,250 | 9,403 | 8,972 | 7,868 |
| Total equity and liabilities | 22.8% | 22,402 | 18,236 | 16,843 | 15,682 | 14,244 | 14,191 |
| 88.7% |
| 11 |
| 6.3 |
| 7.71 |
| 2.81 |
| - |
| - |
| Net Cashflows from Operations | -17.5% | 1,694 | 2,053 | 2,294 | 1,546 | - | - |
| Income taxes paid (refund) | 10.5% | 684 | 619 | 709 | 478 | - | - |
| Net Cashflows From Operating Activities | -29.6% | 1,010 | 1,434 | 1,585 | 1,069 | - | - |
| Proceeds from sales of PPE | 1765% | 164 | 9.74 | 16 | 1.01 | - | - |
| Purchase of property, plant and equipment | 61.3% | 830 | 515 | 605 | 278 | - | - |
| Proceeds from sales of long-term assets | -169.4% | 0 | 2.44 | 0.34 | 0 | - | - |
| Purchase of other long-term assets | - | 0 | 0 | -20.91 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 157 | 0 | 1,120 | 480 | - | - |
| Dividends received | 66.7% | 26 | 16 | 0 | 0.07 | - | - |
| Interest received | 193.7% | 280 | 96 | 143 | 105 | - | - |
| Other inflows (outflows) of cash | 68.5% | -279.54 | -888.87 | -86.14 | -11 | - | - |
| Net Cashflows From Investing Activities | 4.6% | -1,232.89 | -1,292.96 | -367.93 | -623.1 | - | - |
| Payments to acquire or redeem entity's shares | -41.7% | 15 | 25 | 0 | 0 | - | - |
| Proceeds from exercise of stock options | 0% | 17 | 17 | 20 | 4.34 | - | - |
| Proceeds from borrowings | - | 0 | 0 | 4.46 | 0 | - | - |
| Repayments of borrowings | -127.7% | 0.11 | 4.21 | 0 | 1.17 | - | - |
| Payments of lease liabilities | 16.7% | 78 | 67 | 62 | 59 | - | - |
| Dividends paid | 90.3% | 353 | 186 | 353 | 352 | - | - |
| Interest paid | 43.8% | 211 | 147 | 152 | 34 | - | - |
| Net Cashflows from Financing Activities | -55.3% | -640.64 | -412.25 | -543 | -442.09 | - | - |
| Net change in cash and cash eq. | -217.3% | -863.91 | -271.59 | 674 | 3.72 | - | - |
General • 29 Jan 2026 Please refer attachment |
Analysis of Coromandel International's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Nutrient and other allied business | 87.6% | 7.8 kCr |
| Crop protection | 12.4% | 1.1 kCr |
| Total | 8.9 kCr |