Financials Coromandel International Limited

Equities

COROMANDEL

INE169A01031

Agricultural Chemicals

Market Closed - NSE India S.E. 12:42:29 30/04/2024 BST 5-day change 1st Jan Change
1,208 INR +0.32% Intraday chart for Coromandel International Limited +10.43% -3.50%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 148,458 159,989 227,236 234,680 258,512 355,643 - -
Enterprise Value (EV) 1 175,978 178,388 223,499 221,097 247,926 316,541 319,407 302,779
P/E ratio 20.6 x 15 x 17.1 x 15.4 x 12.9 x 19.3 x 18.9 x 16.5 x
Yield 1.28% 2.2% 1.55% 1.5% 1.36% 1.02% 0.94% 1.08%
Capitalization / Revenue 1.12 x 1.22 x 1.6 x 1.23 x 0.87 x 1.44 x 1.45 x 1.35 x
EV / Revenue 1.33 x 1.36 x 1.57 x 1.16 x 0.84 x 1.44 x 1.3 x 1.15 x
EV / EBITDA 12.2 x 10.3 x 11.1 x 10.3 x 8.47 x 13.2 x 11.8 x 10 x
EV / FCF 69.5 x 11.1 x 5.64 x 12.3 x -1,737 x 25.4 x 45.4 x 25.9 x
FCF Yield 1.44% 9% 17.7% 8.14% -0.06% 3.93% 2.21% 3.85%
Price to Book 4.42 x 3.71 x 4.41 x 3.69 x 3.23 x 3.82 x 3.2 x 2.79 x
Nbr of stocks (in thousands) 292,527 292,913 293,379 293,496 294,014 294,443 - -
Reference price 2 507.5 546.2 774.6 799.6 879.2 1,208 1,208 1,208
Announcement Date 23/04/19 26/05/20 29/04/21 28/04/22 15/05/23 25/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 132,246 131,367 142,135 191,108 296,279 220,584 245,488 263,810
EBITDA 1 14,430 17,310 20,192 21,536 29,262 23,988 27,183 30,266
EBIT 1 13,292 15,730 18,461 19,810 27,442 21,702 24,946 27,404
Operating Margin 10.05% 11.97% 12.99% 10.37% 9.26% 9.84% 10.16% 10.39%
Earnings before Tax (EBT) 1 10,926 13,785 17,860 20,498 27,253 22,150 25,431 28,293
Net income 1 7,205 10,650 13,292 15,285 20,129 16,422 19,484 21,444
Net margin 5.45% 8.11% 9.35% 8% 6.79% 7.44% 7.94% 8.13%
EPS 2 24.60 36.31 45.22 51.98 68.38 55.75 63.81 73.38
Free Cash Flow 1 2,534 16,059 39,619 18,001 -142.7 12,528 7,043 11,671
FCF margin 1.92% 12.22% 27.87% 9.42% -0.05% 5.46% 2.87% 4.42%
FCF Conversion (EBITDA) 17.56% 92.77% 196.22% 83.59% - 51.48% 25.91% 38.56%
FCF Conversion (Net income) 35.16% 150.78% 298.08% 117.77% - 75.67% 36.15% 54.42%
Dividend per Share 2 6.500 12.00 12.00 12.00 12.00 12.38 11.33 13.00
Announcement Date 23/04/19 26/05/20 29/04/21 28/04/22 15/05/23 25/04/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 S2
Net sales 1 78,245 35,330 28,560 36,639 61,475 50,736 42,268 57,291 101,334 83,096 54,758 56,934 88,470 53,972 43,444 -
EBITDA 1 12,556 4,992 2,607 4,831 7,432 5,462 3,336 6,850 10,570 7,806 4,032 7,092 10,840 5,410 2,823 6,448
EBIT - - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 - 4,468 2,133 4,455 7,008 5,101 3,890 6,694 9,887 7,162 3,531 6,651 10,218 4,506 2,330 -
Net income 1 - 3,338 1,558 3,378 5,193 3,816 2,898 4,991 7,406 5,268 2,464 4,940 7,720 3,590 1,729 -
Net margin - 9.45% 5.46% 9.22% 8.45% 7.52% 6.86% 8.71% 7.31% 6.34% 4.5% 8.68% 8.73% 6.65% 3.98% -
EPS 2 - 11.35 5.300 11.49 17.66 12.98 9.860 16.96 25.15 17.89 8.370 16.78 24.05 12.65 5.867 -
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 02/11/20 01/02/21 29/04/21 26/07/21 28/10/21 03/02/22 28/04/22 27/07/22 03/11/22 02/02/23 15/05/23 27/07/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,520 18,399 - - - - - -
Net Cash position 1 - - 3,737 13,583 10,586 37,176 36,236 52,864
Leverage (Debt/EBITDA) 1.907 x 1.063 x - - - - - -
Free Cash Flow 1 2,534 16,059 39,619 18,001 -143 12,529 7,043 11,671
ROE (net income / shareholders' equity) 23% 27.8% 28.1% 26.6% 28.2% 19.3% 18.3% 18.2%
ROA (Net income/ Total Assets) 7.06% - 14% - 15.8% 11.3% 11.6% 12.1%
Assets 1 102,112 - 95,211 - 127,598 146,529 167,968 177,227
Book Value Per Share 2 115.0 147.0 176.0 217.0 272.0 316.0 378.0 433.0
Cash Flow per Share 2 18.00 63.50 141.0 - 20.10 75.20 92.50 111.0
Capex 1 2,731 2,561 1,882 2,779 6,052 9,183 10,421 8,867
Capex / Sales 2.06% 1.95% 1.32% 1.45% 2.04% 4% 4.24% 3.36%
Announcement Date 23/04/19 26/05/20 29/04/21 28/04/22 15/05/23 25/04/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
1,208 INR
Average target price
1,251 INR
Spread / Average Target
+3.54%
Consensus
  1. Stock Market
  2. Equities
  3. COROMANDEL Stock
  4. Financials Coromandel International Limited