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Screener Research Unlisted Startup Funding IPO

Coromandel Interntl.

₹943.6 -16.4 | 1.7%

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

Coromandel Interntl. Research see more...

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.

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Coromandel Interntl. Share Price

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Volume
Price

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

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.

Coromandel Interntl. News