Let’s have a complete understanding of Coromandel International Ltd.
Table of Contents
BUSINESS ANALYSIS
Coromandel International Ltd is the second largest phosphatic fertilizer in India.
It is also in the business of Fertilizers, Specialty Nutrients, Crop Protection and Retail.
Coromandel International Ltd makes a number of fertilizers and markets around 4.5 million tons of these products which makes it a leader in its market.
It is also the second largest manufacturer of Malathion and only the second manufacturer of Phenthoate.
It has established 800 rural retail centers in the states of Andhra Pradesh, Telangana, Karnataka, and Maharashtra.
In the FY 2020-21, the company clocked a turnover of Rs 14,205 Cr which is a massive achievement by the company.
It has been awarded as one of the ten greenest companies in India by TERI which shows it’s focus on environment and society.
Coromandel International Ltd is a part of Murugappa Group.
Business today also awarded this company among the top 20 best companies to work for.
KEY BUSINESS PRODUCTS
- FERTILISERS.
- CROP PROTECTION.
- SPECIALTY NUTRIENTS.
KEY PARTNERSHIPS
Coromandel International Ltd has strategic partnerships with leading companies across the globe which are as follows:
- FOSKOR LTD, SOUTH AFRICA.
- GROUPE CHIMIQUE TUNISIAN, TUNISIA.
- SOCIEDAD QUIMICAY MINERA.
The company has a joint venture with Yanmar Coromandel Agrisolutions Pvt Ltd.
Now, coming to the financials of the Coromandel International Ltd.
FINANCIAL KEY METRICS
The Market Capitalization of Coromandel International Ltd is ₹ 23,684 Cr.
Coromandel International Ltd has a price to earnings ratio of 16.7 which is a bit greater than the industry price to earnings ratio of 11.2 indicating that Coromandel International share price is lower as compared to the earnings it is producing.
The return on capital employed of the Coromandel International Ltd is 32% which is quite commendable and shows that the company is providing awesome returns on the capital invested in it.
The return on equity of Coromandel International Ltd is 28.2% showcasing the company’s great return on the investment done by their investors.
The debt to equity ratio of Coromandel International Ltd is 0.07 which is almost negligible.
FINANCIAL ANALYSIS
For the quarter ended 30-06-2021, Coromandel International share price reported a sales of Rs 3,664 Cr.
The sales of the company were up by almost 22% from last quarter sales of Rs 2,856 Cr which is one of the finest performances from the company.
The net profit of Coromandel International share price was Rs 338 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 11.51 which is as per the quarter ended 30-06-21.
SHARE HOLDING SYNOPSIS
PROMOTERS – 57.56.
FIIs – 7.32%.
DIIs – 21.68%.
PUBLIC – 13.45%.
This is a brief overview of the financials of the Coromandel International share price.
Now, let’s deep dive into the technical of Coromandel International share price.
CHART PATTERN ANALYSIS
If we take a closer look at the chart in a daily time frame, a falling wedge pattern is formed.
The breakout is already achieved, and the share price has also retested itself on the trendline again.
For Coromandel International share price there is 1 target as stated in the above image.
The Coromandel International share price on 17th September 2021 is Rs 807.
MOVING AVERAGE
For Coromandel International share price analysis, we are taking 9 days and 21 days moving average.
In recent times, both the moving averages have crossed each other multiple times but there’ll be a great move this time considering the downtrend.
The 9 days moving average is indicated in red while the 21 days moving average is blue.
SUPER TREND
The super trend for Coromandel International share price is suggesting a buying signal in the 4 hour timeframe.
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