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Coromandel International Limited
(COROMANDEL)
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Rating:63Neutral
Price Target:
₹1,796.00
▼(-9.35% Downside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by solid underlying financial strength (notably the low-leverage balance sheet and scale), but is held back by weak and volatile cash generation (negative free cash flow in 2026) and meaningful margin compression. Technical indicators are mildly supportive in the near term, while valuation is a notable negative due to a high P/E and low dividend yield.
Positive Factors
Sustained Revenue Expansion
Revenue growth to 314.8B in 2026, following broad expansion from 2021, indicates sustained demand for Coromandel’s fertilizer and crop-protection portfolio. That scale can reinforce distribution reach, support manufacturing efficiency, and provide a durable base for reinvestment across agri-solutions.
Negative Factors
Volatile Cash Generation
Operating cash flow fell from 24.6B to 14.4B in 2026, while free cash flow moved to negative 1.0B from positive 16.1B. Such volatility can constrain internally funded expansion, increase reliance on working-capital management, and weaken cash support for investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Expansion
Revenue growth to 314.8B in 2026, following broad expansion from 2021, indicates sustained demand for Coromandel’s fertilizer and crop-protection portfolio. That scale can reinforce distribution reach, support manufacturing efficiency, and provide a durable base for reinvestment across agri-solutions.
Read all positive factors
Coromandel International Limited (COROMANDEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹497.53B
Dividend Yield0.65%
Average Volume (3M)42.35K
Price to Earnings (P/E)27.2
Beta (1Y)1.04
Revenue Growth23.50%
EPS Growth-18.96%
CountryIN
Employees6,299
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)62.19
Shares Outstanding295,060,900
10 Day Avg. Volume48,729
30 Day Avg. Volume42,350
Financial Highlights & Ratios
PEG Ratio-5.44
Price to Book (P/B)4.48
Price to Sales (P/S)1.79
P/FCF Ratio-560.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)77.04
Revenue Forecast (FY)₹348.57B
Coromandel International Limited Business Overview & Revenue Model
Company Description
Established in 1961 and headquartered in Secunderabad, India, Coromandel International Limited is a leading Indian agricultural solutions provider. This subsidiary of E.I.D.-Parry (India) Limited focuses on the production and distribution of a wid...
How the Company Makes Money
Coromandel makes money mainly by selling agricultural inputs, with revenues primarily coming from (1) fertilizers and (2) crop protection and related agri-solutions.
1) Fertilizer sales (largest revenue stream): The company manufactures and sell...
Coromandel International Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 326.02B | 314.80B | 240.85B | 220.58B | 296.28B | 191.11B |
| Gross Profit | 67.53B | 62.28B | 61.03B | 54.75B | 60.22B | 47.90B |
| EBITDA | 34.33B | 34.93B | 27.15B | 24.44B | 30.92B | 22.19B |
| Net Income | 18.32B | 19.56B | 20.66B | 16.42B | 20.13B | 15.28B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 245.03B | 189.28B | 158.51B | 142.35B | 112.85B |
| Cash, Cash Equivalents and Short-Term Investments | 22.94B | 23.34B | 44.00B | 35.60B | 13.94B | 17.30B |
| Total Debt | 0.00 | 65.28B | 7.80B | 4.92B | 3.93B | 3.95B |
| Total Liabilities | -131.33B | 113.70B | 77.05B | 64.05B | 63.27B | 49.26B |
| Stockholders Equity | 131.33B | 125.58B | 110.88B | 94.20B | 79.08B | 63.58B |
Cash Flow | ||||||
| Free Cash Flow | 12.63B | -1.00B | 16.13B | 9.01B | -142.70M | 18.00B |
| Operating Cash Flow | 19.71B | 14.40B | 24.64B | 14.28B | 5.91B | 20.78B |
| Investing Cash Flow | -15.37B | -6.27B | -26.38B | -13.34B | 6.39B | -16.22B |
| Financing Cash Flow | -3.42B | -6.45B | -6.98B | -3.63B | -5.43B | -4.43B |
Coromandel International Limited Technical Analysis
Negative
1981.15
Price Trends
1946.73
Negative
1949.73
Negative
2043.29
Negative
Market Momentum
-70.41
Positive
29.29
Positive
11.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:COROMANDEL, the sentiment is Negative. The current price of 1981.15 is above the 20-day moving average (MA) of 1854.27, above the 50-day MA of 1946.73, and below the 200-day MA of 2043.29, indicating a bearish trend. The MACD of -70.41 indicates Positive momentum. The RSI at 29.29 is Positive, neither overbought nor oversold. The STOCH value of 11.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:COROMANDEL.
Coromandel International Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹159.17B | 21.72 | ― | 4.24% | -2.78% | 23.56% | |
67 Neutral | ₹150.18B | 7.79 | ― | 2.93% | 15.58% | 10.17% | |
63 Neutral | ₹497.53B | 27.17 | ― | 0.65% | 23.50% | -18.96% | |
62 Neutral | ₹150.27B | 12.89 | ― | 1.04% | 54.29% | 14.03% | |
58 Neutral | ₹433.99B | 21.51 | ― | 1.17% | 12.86% | 72.26% | |
56 Neutral | ₹322.16B | 27.75 | ― | 0.47% | -16.57% | -27.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:COROMANDEL
Coromandel International Limited
1,686.20
-522.69
-23.66%
IN:BAYERCROP
Bayer Cropscience India Limited
3,541.75
-1,305.83
-26.94%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
374.90
-112.61
-23.10%
IN:PARADEEP
Paradeep Phosphates Ltd.
144.70
-32.50
-18.34%
IN:PIIND
PI Industries Limited
2,123.40
-1,405.66
-39.83%
IN:UPL
UPL Limited
514.10
-153.24
-22.96%
Coromandel International Limited Corporate Events
Coromandel International Closes Trading Window Ahead of September Quarter Results
Sep 26, 2026
Coromandel International Limited, a publicly traded Indian agribusiness-focused company listed on NSE and BSE, operates under SEBI’s capital market framework and enforces a code of conduct for trading by insiders in its securities. Its gover...
Coromandel Converts Rs. 108 Crore Intra-Group Loan into Equity in Chemicals Subsidiary
Sep 2, 2026
Coromandel International Limited has approved the conversion of a significant unsecured loan, including accrued interest, extended to its wholly owned subsidiary Coromandel Chemicals Limited into equity. The move involves transforming Rs. 108.07 c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.