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Coromandel International Limited
(COROMANDEL)
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Rating:58Neutral
Price Target:
₹2,005.00
▲(1.20% Upside)
Action:Downgraded
Date:05/09/26
The score is anchored by a strong balance sheet but pulled down by cash-flow deterioration (negative 2026 free cash flow) and margin compression. Technical indicators are meaningfully weak (below major moving averages with negative MACD), while valuation offers limited support given the higher P/E and modest dividend yield.
Positive Factors
Conservative balance sheet / low leverage
Low leverage and steady equity growth create durable financial flexibility. This supports capital spending, working-capital buffering for seasonality and delayed subsidy receipts, and gives room for strategic investments or acquisitions without straining interest coverage over the medium term.
Negative Factors
Volatile cash generation; negative FCF in 2026
Sharp swings in operating cash and a negative free cash flow year signal working-capital strain or higher investment cycles. Reduced cash conversion can limit funding for dividends, capex or strategic initiatives and raises reliance on external financing during adverse seasons.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Low leverage and steady equity growth create durable financial flexibility. This supports capital spending, working-capital buffering for seasonality and delayed subsidy receipts, and gives room for strategic investments or acquisitions without straining interest coverage over the medium term.
Read all positive factors
Coromandel International Limited (COROMANDEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹611.82B
Dividend Yield0.53%
Average Volume (3M)7.78K
Price to Earnings (P/E)33.3
Beta (1Y)0.92
Revenue Growth23.50%
EPS Growth-18.96%
CountryIN
Employees6,299
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)62.19
Shares Outstanding295,016,450
10 Day Avg. Volume7,125
30 Day Avg. Volume7,782
Financial Highlights & Ratios
PEG Ratio-5.29
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)84.65
Revenue Forecast (FY)₹348.56B
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 | 26.66B | 24.02B | 30.53B | 21.80B |
| 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
Positive
1981.15
Price Trends
1976.73
Positive
1972.07
Positive
2111.06
Negative
Market Momentum
25.21
Negative
56.27
Neutral
72.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:COROMANDEL, the sentiment is Positive. The current price of 1981.15 is below the 20-day moving average (MA) of 2050.07, above the 50-day MA of 1976.73, and below the 200-day MA of 2111.06, indicating a neutral trend. The MACD of 25.21 indicates Negative momentum. The RSI at 56.27 is Neutral, neither overbought nor oversold. The STOCH value of 72.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹190.24B | 27.61 | ― | 2.96% | 3.71% | 21.34% | |
67 Neutral | ₹175.92B | 9.12 | ― | 2.28% | 15.58% | 10.18% | |
62 Neutral | ₹152.97B | 13.13 | ― | 0.74% | 54.29% | 14.04% | |
60 Neutral | ₹510.22B | 26.54 | ― | 0.77% | 11.15% | 127.10% | |
58 Neutral | ₹611.82B | 33.34 | ― | 0.56% | 23.50% | -18.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹417.26B | 31.60 | ― | 0.49% | -15.85% | -20.45% |
* General Sector Average
IN:COROMANDEL
Coromandel International Limited
2,068.15
-340.40
-14.13%
IN:BAYERCROP
Bayer Cropscience India Limited
4,173.30
-1,193.98
-22.25%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
450.60
-74.24
-14.15%
IN:PARADEEP
Paradeep Phosphates Ltd.
149.35
-74.37
-33.24%
IN:PIIND
PI Industries Limited
2,762.75
-1,132.24
-29.07%
IN:UPL
UPL Limited
571.90
-110.05
-16.14%
Coromandel International Limited Corporate Events
Coromandel Sets July 23, 2026 Virtual AGM and Releases FY 2025-26 Integrated Report
Jul 1, 2026
Coromandel International Limited has scheduled its 64th Annual General Meeting for July 23, 2026, at 3:30 p.m. IST, to be conducted via video conferencing and other audio-visual means in line with regulatory provisions. The company has circulated ...
Coromandel Files Assured Sustainability Report, Wins Governance Compliance Nod
Jul 1, 2026
Coromandel International has filed its Business Responsibility and Sustainability Report for the 2025-26 financial year with Indian stock exchanges, in line with SEBI’s Listing Obligations and Disclosure Requirements. The report is prepared ...
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.