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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Coromandel International Ltd

About the Company - Coromandel International Ltd

Coromandel International Ltd. is a Public Limited Listed company incorporated on 16/10/1961 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L24120TG1961PLC000892 and registration number is 000892. Currently Company is involved in the business activities of Manufacture of insecticides, rodenticides, fungicides, herbicides. Company’s Total Operating Revenue is Rs. 19088.26 Cr. and Equity Capital is Rs. 29.35 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersCoromandel House, Secunderabad Telangana 500003investorsgrievance@coromandel.murugappa.com
http://www.coromandel.biz
Management
NamePosition Held
Mr. A VellayanChairman
Mr. Arun AlagappanExecutive Vice Chairman
Dr. Raghuram DevarakondaExecutive Director
Mr. S SankarasubramanianExecutive Director
Mr. M M VenkatachalamDirector
Mr. Sudarshan VenuIndependent Director
Dr. R NagarajanIndependent Director
Mr. Sumit BoseIndependent Director
Mr. K V ParameshwarIndependent Director
Ms. Aruna B AdvaniIndependent Director
Dr. Deepali Pant JoshiIndependent Director

Basic Stock Data of Coromandel International Ltd

Last Updated: May 13, 2024, 4:56 pm

Market Cap 35,530 Cr.
Current Price 1,207
High / Low1,288/908
Stock P/E21.7
Book Value 320
Dividend Yield1.00 %
ROCE26.0 %
ROE18.9 %
Face Value 1.00
PEG Ratio1.59

Coromandel International Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,5332,8253,6646,1485,0734,2275,72910,1138,3105,4765,6936,9885,464
Expenses3,0342,5953,1815,4044,5293,8485,0449,0567,5395,0894,9885,9335,115
Operating Profit4992294837435443796851,0577713877061,055349
OPM %14%8%13%12%11%9%12%10%9%7%12%15%6%
Other Income10472419287755324047444559
Interest21161719182127545752414638
Depreciation42474242434545464745485464
Profit before tax4472134487015113896699897063376611,000306
Tax %25%27%25%26%25%26%25%25%25%27%25%25%25%
Net Profit334156338519382290499741527246494755228
EPS in Rs11.385.3111.5117.7013.009.8716.9925.2017.928.3816.8025.717.85

Last Updated: May 7, 2024, 12:10 am

Coromandel International Ltd Quarterly Chart

Coromandel International Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9,9029,03410,05311,30611,48110,03111,08313,22513,13714,18219,11129,62826,467
Expenses8,7948,2649,24610,45010,7129,0489,82211,77511,40012,19316,95426,72623,549
Operating Profit1,1077708088567699831,2611,4501,7371,9892,1562,9022,918
OPM %11%9%8%8%7%10%11%11%13%14%11%10%11%
Other Income-1068465087545583576141171176
Interest12621024021022122417825123510675190196
Depreciation60719610510610199114158173173182194
Profit before tax9115575175925297121,0381,0931,3791,7862,0502,7012,704
Tax %30%22%29%32%32%33%33%34%23%26%25%25%
Net Profit6354343654023574776917201,0651,3291,5282,0132,022
EPS in Rs22.6115.2612.5913.8012.2716.3523.6424.6336.3645.3052.0868.4668.81
Dividend Payout %31%29%36%33%33%31%27%26%33%26%23%18%

Coromandel International Ltd Profit & Loss Yearly Chart

Coromandel International Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:16%
TTM:-26%
Compounded Profit Growth
10 Years:16%
5 Years:17%
3 Years:7%
TTM:-18%
Stock Price CAGR
10 Years:19%
5 Years:23%
3 Years:19%
1 Year:24%
Return on Equity
10 Years:24%
5 Years:25%
3 Years:24%
Last Year:19%

Last Updated: April 17, 2024, 1:14 pm

Coromandel International Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital28282829292929292929292929
Reserves2,3722,1682,2532,1732,6052,8622,8673,3294,2885,1216,3297,8789,031
Borrowings2,9432,9461,8432,2882,6772,2282,7282,9542,019385395393436
Other Liabilities2,6213,2703,4813,8723,8713,5264,2244,2613,8123,3604,5325,9344,892
Total Liabilities7,9658,4127,6058,3629,1828,6459,84810,57410,1498,89511,28514,23514,389
Fixed Assets1,2961,8561,7341,3801,3201,3281,3271,3092,0322,0152,0922,2003,051
CWIP52742074464222481916590141399248
Investments150160342352477388221201211214243287826
Other Assets5,9935,9765,4556,5837,3436,9078,2528,8737,8406,5768,80911,34810,264
Total Assets7,9658,4127,6058,3629,1828,6459,84810,57410,1498,89511,28514,23514,389

Coromandel International Ltd Reserves and Borrowings Chart

Coromandel International Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 959851,46186189152635261,8624,1502,078591
Cash from Investing Activity -794-640-81-216-61-7938-597-220-1,245-1,622640
Cash from Financing Activity 705-929-1,344-648-864-1-244-1,723-2,263-443-543
Net Cash Flow6-58335-194-34-28300-314-8264214688

Coromandel International Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7454475259525048145723
Inventory Days7986969888109127109989469102
Days Payable12913213113515016214713511010083119
Cash Conversion Cycle2471215-3-230222-1-76
Working Capital Days94557710612111612311165413758
ROCE %14%16%19%15%18%23%23%26%32%35%38%

Coromandel International Ltd Financial Efficiency Indicators Chart

Coromandel International Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters57.58%57.56%57.56%57.54%57.53%57.53%57.48%57.45%57.41%57.41%57.41%57.34%
FIIs7.04%7.73%7.32%7.63%7.21%7.08%8.04%9.93%10.26%9.40%7.56%7.18%
DIIs19.15%20.59%21.68%21.12%21.74%21.23%20.06%18.65%18.00%18.86%20.59%21.11%
Public16.23%14.12%13.45%13.71%13.52%14.17%14.43%13.97%14.34%14.33%14.46%14.37%
No. of Shareholders90,1261,01,16196,2271,14,3521,14,6771,15,4401,39,6671,42,7521,33,7581,32,1031,32,3441,23,639

Coromandel International Ltd Shareholding Pattern Chart

No. of Coromandel International Ltd Shareholders

Coromandel International Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Emerging Equity Fund - Regular Plan74233112.51850.93
DSP Mid Cap Fund50650353.86580.61
Axis Midcap Fund46523782.35533.3
SBI Magnum Midcap Fund37781823.27433.09
Kotak Equity Opportunities Fund - Regular Plan24500001.81280.84
Franklin India Prima Fund19862282.59227.68
Sundaram Mid Cap Fund17735952.32203.31
Sundaram Mid Cap Fund - Institutional Plan17735952.32203.31
SBI Contra Fund17714101.24203.06
DSP Equity Opportunities Fund12981341.63148.81

Coromandel International Ltd ROCE Trend

Coromandel International Ltd EPS Trend

Coromandel International Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)68.5152.0945.3436.4024.64
Diluted EPS (Rs.)68.3851.9845.2236.3124.60
Cash EPS (Rs.)75.4957.8351.0241.7228.50
Book Value[Excl.RevalReserv]/Share (Rs.)268.97216.64175.55147.36114.82
Book Value[Incl.RevalReserv]/Share (Rs.)268.97216.64175.55147.36114.82
Revenue From Operations / Share (Rs.)1007.75651.14483.37448.35452.12
PBDIT / Share (Rs.)105.3578.1670.1960.4450.60
PBIT / Share (Rs.)99.1672.2864.2955.0546.71
PBT / Share (Rs.)92.7069.7160.6947.0237.32
Net Profit / Share (Rs.)69.3051.9545.1236.3224.60
NP After MI And SOA / Share (Rs.)68.4752.0845.3036.3524.63
PBDIT Margin (%)10.4512.0014.5213.4811.19
PBIT Margin (%)9.8311.1013.3012.2710.33
PBT Margin (%)9.1910.7012.5510.488.25
Net Profit Margin (%)6.877.979.338.105.44
NP After MI And SOA Margin (%)6.797.999.378.105.44
Return on Networth / Equity (%)25.4524.0325.8024.6621.45
Return on Capital Employeed (%)34.7931.1133.7133.7239.08
Return On Assets (%)14.1413.5414.9410.496.81
Total Debt / Equity (X)0.000.000.000.370.87
Asset Turnover Ratio (%)2.321.901.481.261.29
Current Ratio (X)1.751.871.981.451.24
Quick Ratio (X)0.991.051.190.940.77
Inventory Turnover Ratio (X)4.843.802.652.532.90
Dividend Payout Ratio (NP) (%)17.5123.0339.7011.5831.80
Dividend Payout Ratio (CP) (%)16.0620.7035.1210.0927.46
Earning Retention Ratio (%)82.4976.9760.3088.4268.20
Cash Earning Retention Ratio (%)83.9479.3064.8889.9172.54
Interest Coverage Ratio (X)16.3030.4019.497.535.90
Interest Coverage Ratio (Post Tax) (X)11.7221.2013.535.523.97
Enterprise Value (Cr.)24436.7921701.8121993.0817483.0917399.68
EV / Net Operating Revenue (X)0.821.141.551.331.32
EV / EBITDA (X)7.899.4610.689.8711.76
MarketCap / Net Operating Revenue (X)0.871.231.601.211.10
Retention Ratios (%)82.4876.9660.2988.4168.19
Price / BV (X)3.273.694.413.694.35
Price / Net Operating Revenue (X)0.871.231.601.211.10
EarningsYield0.070.060.050.060.04

Coromandel International Ltd Profitability Ratios (%)

Coromandel International Ltd Liquidity Ratios

Coromandel International Ltd Liquidity Ratios (%)

Coromandel International Ltd Interest Coverage Ratios (%)

Coromandel International Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,325.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.82% compared to the current price ₹1207

Intrinsic Value: ₹1,505.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 24.76% compared to the current price ₹1207

Last 5 Year EPS CAGR: 13.61%

*Investments are subject to market risks

Strength and Weakness of Coromandel International Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 21.58%, which is a positive sign.
  2. The company has higher reserves (4,098.15 cr) compared to borrowings (1,864.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (14.23 cr) and profit (294.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 83.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 8.75, which may not be favorable.

FAQ

What is the latest fair value of Coromandel International Ltd?

The latest fair value of Coromandel International Ltd is ₹1325.54.

What is the Market Cap of Coromandel International Ltd?

The Market Cap of Coromandel International Ltd is 35,530 Cr..

What is the current Stock Price of Coromandel International Ltd as on 18 May 2024?

The current stock price of Coromandel International Ltd as on 18 May 2024 is 1,207.

What is the High / Low of Coromandel International Ltd stocks in FY 2024?

In FY 2024, the High / Low of Coromandel International Ltd stocks is ₹1,288/908.

What is the Stock P/E of Coromandel International Ltd?

The Stock P/E of Coromandel International Ltd is 21.7.

What is the Book Value of Coromandel International Ltd?

The Book Value of Coromandel International Ltd is 320.

What is the Dividend Yield of Coromandel International Ltd?

The Dividend Yield of Coromandel International Ltd is 1.00 %.

What is the ROCE of Coromandel International Ltd?

The ROCE of Coromandel International Ltd is 26.0 %.

What is the ROE of Coromandel International Ltd?

The ROE of Coromandel International Ltd is 18.9 %.

What is the Face Value of Coromandel International Ltd?

The Face Value of Coromandel International Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Coromandel International Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE