COROMANDEL

Coromandel International share price & financials

Price
₹2,034.3
Market cap
₹61.1k Cr
Sector
Chemicals
Calls analysed
7
Latest concall · Q1 FY27 · call held 24 Jul 2026

Coromandel International Limited Q1 FY27

Revenue ₹8,215 cr +15%EBITDA ₹761 cr −3%Net Profit ₹382 cr −24%

What went well

  • Consolidated total income grew 15% YoY to ₹8,215 crores, driven by higher fertilizer realization and non-subsidy business growth.
  • Crop Protection business delivered a record performance, with revenue growing 20% YoY to ₹870 crores and EBIT increasing 44% to ₹159 crores.
  • Retail business revenue surged 85% YoY, with 76% of its 1,200+ stores achieving profitability during the quarter.

What to watch

  • Consolidated EBITDA saw a 3% degrowth to ₹761 crores, and net profit declined 24% to ₹382 crores YoY.
  • Elevated global raw material prices (phosphoric acid, ammonia, sulphur) were not fully compensated by government subsidy rates, impacting fertilizer margins.
Read the full call →

What Coromandel International Limited does

Coromandel International is a Murugappa Group agri-solutions company that manufactures and markets plant nutrients (DAP, NPK complex fertilisers, Single Super Phosphate, specialty and organic nutrients) and crop protection chemicals (insecticides, fungicides, herbicides, technicals and formulations). It runs a pan-India network of manufacturing plants with backward integration into phosphoric acid, sulphuric acid and other intermediates, and sells through a large rural retail and agri-services network offering inputs, soil testing, crop diagnostics, farm mechanisation and drone-based spraying. The company has expanded into crop protection via subsidiary NACL Industries, into rock phosphate mining via Senegal-based BMCC, and into agri/defence drones via subsidiary Dhaksha Unmanned Systems.

Segments

  • Nutrients & Allied Businesses
  • Crop Protection Chemicals (CPC)
  • Retail & Agri-Services
Manufacturing facilities
18 plants across India with backward integration capabilities
Retail outlets
Approximately 1,200 rural agri-input retail centres across key agricultural states
Farmers served
Over 2 crore (20 million) farmers through its retail, channel-partner and advisory ecosystem
Market position — phosphatic fertilisers
Largest private-sector company in India's phosphatic fertiliser segment
Market position — SSP
Largest manufacturer and marketer of Single Super Phosphate in India
Market position — organic fertilisers
No. 1 marketer of organic fertilisers in India
Founded 1961Headquarters Secunderabad, Telangana, IndiaEmployees 6,299 (FY2025-26 (permanent emp) Company website

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 3 delivered 2 missed 7 open
  • Capacity Commissioning Timeline delivered said Q3 FY25 Promised: Commissioned by Q4 of next year (FY26) Q1 FY27: Confirmed achieved. Sulphuric acid plant achieved rated capacity.
  • Manufactured EBITDA per metric ton missed said Q4 FY25 Promised: Sustain margin of Rs. 5,000 per ton Q1 FY27: No specific figure provided for Q1. Management issued new guidance for INR 6,500/ton, implicitly acknowledging the previous INR 5,000 target is obsolete.
  • Baobab Mining Volume on track said Q3 FY25 Promised: Scale up to 3,00,000 tons next year (FY26) and 5,00,000 tons following year Q1 FY27: Produced 1.1 lakh tons in Q1. Annualized run-rate of 4.4 lakh tons is in line with target of 30-40% increase over last year's 3.5 lakh tons.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.6%, net profit down 25.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue7,432 6,926 4,993 7,001 9,411 +27%8,457 +22%5,661 +13%7,744 +11%
EBITDA983 727 438 738 1,147 +17%758 +4%459 +5%621 −16%
Net profit696 525 389 508 816 +17%530 +1%154 −60%377 −26%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −13.1% 1Y

₹1.8k₹2.0k₹2.2k₹2.4kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 8 May 2026Q1 FY27 — 24 Jul 2026

1Y: ₹2,218.7 on 10 Sept 2025 → ₹1,929. High ₹2,408.2 (23 Dec 2025), low ₹1,745.6 (3 Jun 2026).

How the price took the results

close before → close after

Q1 FY27
−2.1%
24 Jul
Q4 FY26
−1.9%
8 May
Q3 FY26
−0.1%
2 Feb
Q2 FY26
−2.3%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 1.0% a year over 3 years, FY23 to FY26. Operating margin held at 10.2%.

Year endingFY23FY24FY25FY26
Revenue₹29.6k Cr₹22.0k Cr₹24.1k Cr₹30.5k Cr
Operating profit₹2.9k Cr₹2.4k Cr₹2.7k Cr₹3.1k Cr
Operating margin9.8%10.9%11.0%10.2%
Interest₹190 Cr₹185 Cr₹258 Cr₹288 Cr
Depreciation₹182 Cr₹222 Cr₹277 Cr₹297 Cr
Net profit₹2.0k Cr₹1.7k Cr₹1.9k Cr₹2.0k Cr
Net margin6.8%7.8%8.1%6.6%
ROCE39.0%27.0%25.0%25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹29 Cr₹29 Cr₹29 Cr₹29 Cr₹29 Cr₹30 Cr
Reserves₹5.2k Cr₹6.3k Cr₹7.8k Cr₹9.4k Cr₹12.1k Cr₹12.4k Cr
Borrowings₹385 Cr₹395 Cr₹392 Cr₹438 Cr₹1.5k Cr₹829 Cr
Other liabilities₹3.4k Cr₹4.5k Cr₹5.9k Cr₹5.8k Cr₹11.1k Cr₹9.2k Cr
Total liabilities₹8.9k Cr₹11.2k Cr₹14.2k Cr₹15.7k Cr₹24.7k Cr₹22.5k Cr
Fixed assets₹2.0k Cr₹2.1k Cr₹2.2k Cr₹2.8k Cr₹5.6k Cr₹4.4k Cr
Capital work in progress₹89 Cr₹141 Cr₹398 Cr₹226 Cr₹938 Cr₹303 Cr
Investments₹334 Cr₹267 Cr₹220 Cr₹1.1k Cr₹3.1k Cr₹3.4k Cr
Other assets₹6.5k Cr₹8.7k Cr₹11.4k Cr₹11.6k Cr₹15.1k Cr₹14.4k Cr
Total assets₹8.9k Cr₹11.2k Cr₹14.2k Cr₹15.7k Cr₹24.7k Cr₹22.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +4.06 pp while FIIs trimmed −2.78 pp. The shareholder count shrank 9% to 1,30,118.

Promoters
56.4%
FIIs
11.5%
DIIs
19.9%
Public
12.1%
Others
0.2%

Since Jun 2025

  • DIIs +4.06 pp
  • FIIs −2.78 pp
  • Public −0.78 pp

How it drifted, 12 quarters

Over this window FIIs went from 7.2% to 11.5% — +4.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 57.3%, FIIs 7.2%, DIIs 21.1%, Public 14.4%.Dec '23: Promoters 57.3%, FIIs 7.7%, DIIs 20.2%, Public 14.7%.Mar '24: Promoters 57.3%, FIIs 7.3%, DIIs 20.6%, Public 14.7%.Jun '24: Promoters 57.3%, FIIs 7.5%, DIIs 20.8%, Public 14.4%.Sep '24: Promoters 57.2%, FIIs 7.8%, DIIs 21.3%, Public 13.8%.Dec '24: Promoters 57.0%, FIIs 8.3%, DIIs 21.0%, Public 13.7%.Mar '25: Promoters 57.0%, FIIs 10.6%, DIIs 19.0%, Public 13.4%.Jun '25: Promoters 56.9%, FIIs 14.3%, DIIs 15.9%, Public 12.8%, Others 0.1%.Sep '25: Promoters 56.9%, FIIs 14.5%, DIIs 15.8%, Public 12.7%, Others 0.1%.Dec '25: Promoters 56.9%, FIIs 13.8%, DIIs 16.7%, Public 12.5%, Others 0.1%.Mar '26: Promoters 56.4%, FIIs 13.0%, DIIs 18.2%, Public 12.2%, Others 0.2%.Jun '26: Promoters 56.4%, FIIs 11.5%, DIIs 19.9%, Public 12.1%, Others 0.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 4 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Coromandel International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
E.I.D.Parry (India) Ltd. 55.58%unchanged
Kotak Mahindra Trustee Co Ltd A/C Kotak Nifty Chem Mutual fund4.02%newly disclosed
DSP Nifty 500 Index Fund Mutual fund2.53%newly disclosed
HDFC Large And Mid Cap Fund Mutual fund1.87%+0.17 pp
Groupe Chimique Tunisien 1.63%unchanged
Axis ELSS Tax Saver Fund Mutual fund1.60%+0.19 pp
Investor Education and Protection Fund 1.43%newly disclosed
NPS Trust A/C UTI Pension Fund Limited-Scheme Cent Pension / PF1.33%+0.21 pp
LICI Market Plus 1 Growth Fund Insurer1.31%newly disclosed
V Arunachalam 0.07%unchanged
M M Muthiah Family Trust(M M Murugappan & M M Muthiah holds shares on behalf of Trust) 0.07%unchanged
V Narayanan 0.07%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in COROMANDEL

Filings to Aug 2026

0 new, 7 added, 1 trimmed, 0 sold out — net +0.10 L shares (+0.3%).

Held by funds
₹547 Cr
14 schemes
Biggest holder
Nippon India Growth Mid Cap Fund
₹231 Cr · 0.4% of that fund
SchemeHoldingLast month
Nippon India Growth Mid Cap Fund Nippon India Mutual Fund₹231 Crheld
SBI Multi Asset Allocation Fund SBI Mutual Fund₹114 Crheld
Nippon India Vision Large & Mid Cap Fund Nippon India Mutual Fund₹77 Crheld
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹37 Crheld
HDFC Balanced Advantage Fund HDFC Mutual Fund₹25 Crheld
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund₹22 Cr+0.07 L
SBI Comma Fund SBI Mutual Fund₹16 Crheld
Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund₹15 Cr+0.01 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

7 added, 1 trimmed — net +9,725 shares (+0.3%)

Funds are sitting on
+34%
vs est. average cost
Held by funds
₹547 Cr
14 schemes · ≈ 0.95% of the company
Biggest holder
Nippon India Growth Mid Cap Fund
₹231 Cr · 0.4% of that fund
Longest holder
Nippon India ETF Nifty Midcap 150
7y 8m · since Jan '19

Shares held by these funds −61%

Aug '23 28.32 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹1929, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~-0%. At that growth it is worth ₹605 — downside of 69%.

Growth the price implies
21.3% a year
for 7 years, fading to 4%
It has actually compounded at
-0.3% a year
net profit, FY23–FY26 · EPS -0.4%
The gap
0.2 pp
-69% downside if it only repeats history
Price today ₹1,929 Value at the reference growth ₹605.17

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Coromandel International Limited

Guides on how to read this kind of business and the numbers that matter.