COROMANDEL

Coromandel International Limited

Phosphatic fertilizers, crop protection and specialty nutrients business of Murugappa Group

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

coromandel.biz(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1758.60
Market cap
51,896 Cr
Stock P/E
28.3
P/B
4.13
Dividend yield
1.0%
ROE (FY26)
14.9%
ROCE (FY26)
21.1%
Operating margin (FY26)
8.5%
Debt / equity (FY26)
0.07
OCF / EBITDA (FY26)
48.4%
OCF / EBITDA (3Y)
47.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Coromandel International makes phosphatic fertilisers and crop protection (agrochemical) products for farmers in India, and sells them partly through its own retail outlets, with backward integration into phosphoric acid and rock phosphate.

Company snapshot

1stBy market cap

Ranked among 19 companies in Fertilizers.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 90.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Crop protection
10.2%
1,938 Cr262 Cr—
Nutrient and other allied business
90.8%
17,331 Cr1,908 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.07x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 47% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales6,988 Cr5,464 Cr3,913 Cr4,729 Cr7,433 Cr6,935 Cr4,988 Cr7,042 Cr9,654 Cr8,779 Cr6,004 Cr8,165 Cr
Operating expenses (approx.)5,929 Cr5,106 Cr3,640 Cr4,223 Cr6,458 Cr6,213 Cr4,562 Cr6,260 Cr8,508 Cr7,980 Cr5,516 Cr7,409 Cr
EBITDA1,059 Cr358 Cr273 Cr506 Cr975 Cr722 Cr426 Cr782 Cr1,147 Cr800 Cr488 Cr756 Cr
OPM %15.2%6.5%7.0%10.7%13.1%10.4%8.5%11.1%11.9%9.1%8.1%9.3%
Other income45 Cr59 Cr84 Cr54 Cr65 Cr114 Cr126 Cr84 Cr116 Cr83 Cr65 Cr50 Cr
Interest46 Cr38 Cr62 Cr57 Cr66 Cr73 Cr66 Cr68 Cr102 Cr84 Cr89 Cr89 Cr
Depreciation54 Cr64 Cr63 Cr65 Cr69 Cr71 Cr85 Cr121 Cr102 Cr147 Cr165 Cr203 Cr
Profit before tax1,000 Cr306 Cr222 Cr422 Cr892 Cr683 Cr731 Cr677 Cr1,059 Cr653 Cr228 Cr514 Cr
Tax %24.5%25.4%26.1%26.7%26.1%25.6%20.8%25.9%25.1%25.2%49.6%25.7%
Net profit755 Cr228 Cr164 Cr309 Cr659 Cr508 Cr578 Cr502 Cr793 Cr488 Cr115 Cr382 Cr
EPS (₹)₹25.72₹7.84₹5.45₹10.57₹22.57₹17.39₹19.70₹17.15₹27.34₹17.17₹4.75₹12.93

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales10,195 Cr10,990 Cr13,225 Cr13,137 Cr14,213 Cr19,111 Cr29,628 Cr22,058 Cr24,085 Cr31,480 CrSign in free for the trailing twelve months
Operating expenses (approx.)9,212 Cr9,763 Cr11,782 Cr11,406 Cr12,198 Cr16,961 Cr26,702 Cr19,660 Cr21,457 Cr28,263 CrSign in free for the trailing twelve months
EBITDA983 Cr1,227 Cr1,443 Cr1,731 Cr2,016 Cr2,150 Cr2,926 Cr2,399 Cr2,628 Cr3,216 CrSign in free for the trailing twelve months
OPM %9.6%11.2%10.9%13.2%14.2%11.2%9.9%10.9%10.9%10.2%Sign in free for the trailing twelve months
Other income55 Cr58 Cr37 Cr40 Cr44 Cr144 Cr171 Cr231 Cr359 Cr348 CrSign in free for the trailing twelve months
Interest224 Cr178 Cr251 Cr235 Cr106 Cr75 Cr190 Cr187 Cr262 Cr343 CrSign in free for the trailing twelve months
Depreciation101 Cr98 Cr114 Cr158 Cr173 Cr173 Cr182 Cr229 Cr290 Cr534 CrSign in free for the trailing twelve months
Profit before tax712 Cr1,009 Cr1,093 Cr1,379 Cr1,786 Cr2,050 Cr2,701 Cr2,188 Cr2,718 Cr2,617 CrSign in free for the trailing twelve months
Tax %33.0%34.2%34.1%22.7%25.6%25.4%25.5%25.0%24.8%27.5%Sign in free for the trailing twelve months
Net profit477 Cr664 Cr720 Cr1,065 Cr1,329 Cr1,528 Cr2,013 Cr1,641 Cr2,045 Cr1,898 CrSign in free for the trailing twelve months
EPS (₹)₹16.36₹22.72₹24.64₹36.40₹45.34₹52.09₹68.51₹55.81₹70.23₹66.41Sign in free for the trailing twelve months
Dividend payout %————39.7%23.0%17.5%11.3%17.3%27.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr30 Cr
Reserves2,862 Cr3,097 Cr3,329 Cr4,288 Cr5,121 Cr6,329 Cr7,878 Cr9,390 Cr11,058 Cr12,528 Cr
Borrowings2,228 Cr2,728 Cr2,954 Cr1,625 Cr2 Cr0.04 Cr5 Cr52 Cr232 Cr867 Cr
Other liabilities3,526 Cr3,873 Cr4,261 Cr4,206 Cr3,743 Cr4,926 Cr6,322 Cr6,353 Cr7,473 Cr10,503 Cr
Total liabilities8,645 Cr9,727 Cr10,574 Cr10,149 Cr8,896 Cr11,285 Cr14,235 Cr15,852 Cr18,928 Cr24,503 Cr
Fixed assets (net)1,316 Cr1,294 Cr1,301 Cr2,026 Cr2,006 Cr2,084 Cr2,191 Cr2,789 Cr3,158 Cr4,416 Cr
CWIP14 Cr36 Cr176 Cr49 Cr76 Cr120 Cr376 Cr205 Cr352 Cr296 Cr
Investments388 Cr221 Cr201 Cr211 Cr214 Cr243 Cr287 Cr854 Cr1,031 Cr2,044 Cr
Loans & advances——428 Cr429 Cr1,514 Cr1,540 Cr720 Cr0 Cr0 Cr419 Cr
Inventories1,725 Cr2,227 Cr3,241 Cr2,697 Cr2,601 Cr3,663 Cr4,416 Cr4,613 Cr4,770 Cr7,204 Cr
Trade receivables1,622 Cr1,523 Cr1,824 Cr1,734 Cr554 Cr265 Cr589 Cr1,394 Cr1,229 Cr2,076 Cr
Cash & bank147 Cr442 Cr132 Cr51 Cr692 Cr706 Cr1,394 Cr1,125 Cr255 Cr423 Cr
Other assets3,434 Cr3,984 Cr3,270 Cr2,952 Cr1,239 Cr2,663 Cr4,261 Cr4,873 Cr8,132 Cr7,627 Cr
Total assets8,645 Cr9,727 Cr10,574 Cr10,149 Cr8,896 Cr11,285 Cr14,235 Cr15,852 Cr18,928 Cr24,503 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity915 Cr256 Cr526 Cr1,862 Cr4,150 Cr1,054 Cr1,615 Cr1,358 Cr970 Cr1,558 Cr
Cash from investing-79 Cr41 Cr-597 Cr-222 Cr-1,257 Cr-598 Cr-385 Cr-1,264 Cr-1,144 Cr-559 Cr
Cash from financing-864 Cr-0.98 Cr-244 Cr-1,723 Cr-2,263 Cr-443 Cr-543 Cr-363 Cr-698 Cr-831 Cr
Net cash flow-28 Cr295 Cr-315 Cr-83 Cr629 Cr14 Cr688 Cr-269 Cr-872 Cr168 Cr
Free cash flow (OCF − Capex)825 Cr141 Cr253 Cr1,606 Cr3,955 Cr776 Cr1,010 Cr831 Cr119 Cr17 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.3%20.3%21.3%27.2%36.7%33.4%36.5%25.0%26.0%21.1%
ROE %16.5%21.2%21.5%24.7%25.8%24.0%25.5%17.4%18.4%14.9%
Debtor days585050481457231924
Inventory days11212514813113611282124134152
Days payable1911881721631521209914517080
Cash conversion cycle-21-132617-3-3-93-1796
OCF / EBITDA %93.1%20.8%36.5%107.6%205.9%49.0%55.2%56.6%36.9%48.4%
OCF / EBITDA % (3 years)——46.5%60.1%126.0%119.8%96.2%53.9%49.6%47.1%
Debt / equity0.770.870.880.380.00030.00000.00060.00550.020.07
Current ratio1.231.251.241.451.981.871.752.071.891.51
Net debt / EBITDA2.121.861.960.91-0.34-0.33-0.47-0.45-0.00860.14