Coromandel Interntl.

₹943.6 -16.4 | 1.7%

WEBSITE BSE:506395 NSE : COROM INTER 09 Jun, 12:39

Market Cap ₹27746 Cr.

Stock P/E 13.7

P/B 3.5

Current Price ₹943.6

Book Value ₹ 268.9

Face Value 1

52W High ₹1094.4

Dividend Yield 1.27%

52W Low ₹ 839

Edit Ratio

Coromandel Interntl. Research see more...

Coromandel International Ltd

Overview Inc. Year: 1961Industry: Fertilizers

Coromandel International Ltd is engaged in the manufacturing and buying and selling of farm inputs such as fertilizers, crop protection, speciality nutrients and natural compost. The Company's segments include Nutrient and other allied groups, and Crop Protection. Its services and products consists of fertilizer, crop protection, speciality nutrients and organic. The Company's fertilizers includes nitrogen, phosphate, calcium and potassium in various grades and are to be had below various brands, such as Godavari Ultra DAP, Gromor / Godavari DAP, GroShakti Plus, Grosmart, Paramfos, Gromor 15-15-15-09, Gromor MOP and Gromor Urea. Its crop protection merchandise encompass insecticides, fungicides, herbicides, plant growth regulators and bio-products. It offers natural fertilizers derived from natural sources like town waste (natural portion most effective), sugarcane molasses and its by way of-products, oil cakes and gypsum. It operates a network of over 750 rural shops across India.

Coromandel Interntl. Share Price

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Price

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Quarterly Price

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Peer Comparison

Coromandel Interntl. Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	3533	2856	3664	6148	5074	4227	5729	10113	8310	5476
Other Income	9	16	22	19	26	77	54	31	40	47
Total Income	3542	2872	3686	6166	5100	4304	5783	10145	8349	5523
Total Expenditure	3034	2595	3181	5404	4529	3847	5044	9056	7529	5073
Operating Profit	508	277	505	762	571	456	739	1088	820	450
Interest	21	16	17	19	18	21	27	54	57	52
Depreciation	42	47	42	42	43	45	45	46	47	45
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	445	214	445	701	510	390	668	988	716	353
Provision for Tax	113	57	110	182	130	99	170	248	179	90
Profit After Tax	332	156	335	519	380	291	498	740	537	263
Adjustments	2	-0	3	0	1	-1	2	1	-10	-17
Profit After Adjustments	334	156	338	519	382	290	499	741	527	246
Adjusted Earnings Per Share	11.4	5.3	11.5	17.7	13	9.9	17	25.2	17.9	8.4

Coromandel Interntl. Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	9902	9034	10053	11306	11481	10031	11083	13225	13137	14182	19111	29628
Other Income	78	70	61	57	66	55	60	37	40	75	144	172
Total Income	9980	9104	10114	11363	11548	10086	11143	13262	13177	14257	19255	29800
Total Expenditure	8847	8266	9248	10453	10715	9048	9826	11782	11406	12198	16961	26702
Operating Profit	1132	838	866	910	833	1038	1316	1480	1771	2059	2294	3097
Interest	126	210	240	210	221	224	178	251	235	106	75	190
Depreciation	60	71	96	105	106	101	99	114	158	173	173	183
Exceptional Income / Expenses	-36	0	-13	-4	25	0	0	-24	0	0	0	0
Profit Before Tax	911	557	517	592	529	712	1038	1093	1379	1786	2050	2725
Provision for Tax	277	123	152	190	172	235	347	372	313	457	521	687
Profit After Tax	635	434	365	402	357	477	691	720	1065	1329	1528	2038
Adjustments	4	-2	-8	0	0	0	0	0	0	0	0	-24
Profit After Adjustments	639	432	357	402	357	477	691	720	1065	1329	1528	2013
Adjusted Earnings Per Share	22.6	15.2	12.6	13.8	12.3	16.4	23.6	24.6	36.3	45.3	52.1	68.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	35%	13%	14%	7%
Operating Profit CAGR	11%	16%	17%	7%
PAT CAGR	15%	29%	26%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	0%	13%	15%	17%
ROE Average	27%	28%	26%	22%
ROCE Average	37%	32%	29%	23%

Coromandel Interntl. Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	2400	2197	2281	2202	2634	2891	2896	3358	4318	5151	6358
Minority's Interest	16	106	25	0	0	0	0	0	0	0	0
Borrowings	586	1097	267	67	44	0	0	0	0	0	0
Other Non-Current Liabilities	119	236	236	234	198	175	151	137	465	443	461
Total Current Liabilities	4844	4776	4795	5859	6306	5579	6801	7079	5367	3302	4466
Total Liabilities	7965	8412	7605	8362	9182	8645	9848	10574	10149	8895	11285
Fixed Assets	1296	1856	1734	1380	1320	1328	1327	1309	2032	2015	2092
Other Non-Current Assets	744	681	494	467	615	481	359	512	323	359	853
Total Current Assets	5926	5875	5377	6515	7247	6837	8162	8753	7794	6521	8340
Total Assets	7965	8412	7605	8362	9182	8645	9848	10574	10149	8895	11285

Coromandel Interntl. Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	952	958	375	410	209	174	147	447	132	51	692
Cash Flow from Operating Activities	94	985	1461	86	18	915	263	526	1862	4150	2078
Cash Flow from Investing Activities	-797	-641	-50	-216	-61	-79	32	-597	-222	-1257	-1622
Cash Flow from Financing Activities	705	-929	-1344	-64	8	-864	-1	-244	-1723	-2263	-443
Net Cash Inflow / Outflow	2	-585	67	-194	-35	-28	294	-315	-83	630	14
Closing Cash & Cash Equivalent	958	375	410	217	174	147	447	132	51	692	706

Coromandel Interntl. Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	22.6	15.25	12.58	13.79	12.27	16.35	23.64	24.63	36.35	45.3	52.08
CEPS(Rs)	24.57	17.83	16.28	17.38	15.91	19.8	27.03	28.52	41.74	51.2	57.96
DPS(Rs)	7	4.5	4.5	4.5	4	5	6.5	6.5	12	12	12
Book NAV/Share(Rs)	84.94	77.59	80.54	75.59	90.4	99.02	98.74	114.32	146.94	175.17	216.22
Core EBITDA Margin(%)	10.55	8.38	7.89	7.44	6.59	9.64	11.29	10.91	13.18	13.99	11.25
EBIT Margin(%)	10.38	8.37	7.42	6.98	6.45	9.18	10.93	10.16	12.28	13.34	11.12
Pre Tax Margin(%)	9.12	6.07	5.06	5.16	4.55	6.99	9.33	8.26	10.49	12.59	10.73
PAT Margin (%)	6.35	4.73	3.57	3.5	3.07	4.68	6.21	5.45	8.11	9.37	8
Cash Profit Margin (%)	6.95	5.51	4.52	4.41	3.98	5.67	7.1	6.31	9.31	10.59	8.9
ROA(%)	9.4	5.3	4.56	5.03	4.07	5.35	7.48	7.06	10.28	13.96	15.15
ROE(%)	29.13	18.87	16.3	17.93	14.78	17.28	23.94	23.13	27.85	28.15	26.62
ROCE(%)	23.41	14.63	16.35	18.61	15.31	17.95	22.64	22.51	26.34	34.1	36.93
Receivable days	21.19	55.31	59.05	46.59	48.45	58.42	52.47	46.95	49.44	29.45	7.82
Inventory Days	62.75	67.68	57.74	63.8	72.24	72.86	65.39	75.95	82.5	68.18	59.82
Payable days	66.3	60.33	58.67	57.85	50.87	51.81	52.95	46.66	76.93	84.88	49.82
PER(x)	12.61	12.14	17.66	19.46	15.48	19.13	22.15	20.27	14.96	17.09	15.35
Price/Book(x)	3.36	2.38	2.76	3.55	2.1	3.16	5.3	4.37	3.7	4.42	3.7
Dividend Yield(%)	2.46	2.43	2.03	1.68	2.11	1.6	1.24	1.3	2.21	1.55	1.5
EV/Net Sales(x)	1.01	0.85	0.76	0.87	0.7	1.12	1.58	1.32	1.33	1.55	1.14
EV/Core EBITDA(x)	8.84	9.13	8.85	10.76	9.61	10.78	13.29	11.76	9.87	10.68	9.46
Net Sales Growth(%)	29.61	-8.76	11.29	12.47	1.55	-12.63	10.49	19.32	-0.66	7.96	34.75
EBIT Growth(%)	-3.48	-26.06	-1.25	5.84	-6.43	24.81	29.95	10.43	20.14	17.22	12.35
PAT Growth(%)	-8.52	-31.66	-15.84	10.1	-11.04	33.44	44.94	4.22	47.82	24.8	15
EPS Growth(%)	-8.17	-32.56	-17.51	9.67	-11.04	33.25	44.59	4.18	47.57	24.63	14.96
Debt/Equity(x)	1.23	1.34	0.81	1.04	1.02	0.77	0.95	0.88	0.38	0	0
Current Ratio(x)	1.22	1.23	1.12	1.11	1.15	1.23	1.2	1.24	1.45	1.98	1.87
Quick Ratio(x)	0.83	0.92	0.76	0.73	0.78	0.92	0.87	0.78	0.95	1.19	1.05
Interest Cover(x)	8.22	3.65	3.15	3.82	3.39	4.18	6.82	5.36	6.86	17.9	28.16
Total Debt/Mcap(x)	0.37	0.56	0.29	0.29	0.48	0.24	0.18	0.2	0.1	0	0

Coromandel Interntl. Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	57.58	57.56	57.56	57.54	57.53	57.53	57.48	57.44	57.41	57.41
FII	7.04	7.73	7.32	7.63	7.21	7.08	8.04	9.93	10.26	9.4
DII	19.15	20.59	21.68	21.12	21.74	21.23	20.05	18.66	18	18.87
Public	16.23	14.12	13.45	13.71	13.52	14.17	14.43	13.97	14.34	14.33
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	16.89	16.89	16.89	16.88	16.88	16.88	16.88	16.88	16.88	16.88
FII	2.06	2.27	2.15	2.24	2.12	2.08	2.36	2.92	3.02	2.76
DII	5.62	6.04	6.36	6.2	6.38	6.23	5.89	5.48	5.29	5.55
Public	4.76	4.14	3.95	4.02	3.97	4.16	4.24	4.1	4.22	4.21
Others	0	0	0	0	0	0	0	0	0	0
Total	29.32	29.34	29.34	29.34	29.35	29.35	29.37	29.38	29.4	29.4

Pros

Company has delivered good profit growth of 26% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Debtor days have improved from 84.88 to 49.82days.
Company is almost debt free.

Cons

Stock is trading at 3.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.