Coromandel International Ltd, a key player in India’s agrochemical industry and part of the renowned Murugappa Group, has a rich history dating back to its establishment in 1961, originally under the name Coromandel Fertilisers. Over the decades, the company has evolved into a leading provider of comprehensive farm solutions, focusing on fertilizers, pesticides, crop protection, specialty nutrients, bio-pesticides, and organic fertilizers. Its parent company, E.I.D. Parry, laid the foundation for Coromandel’s agricultural journey by establishing India’s first fertilizer plant in Ranipet, Tamil Nadu, in 1906. Today, Coromandel operates an extensive network of more than 750 rural retail outlets, spread across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, offering essential products and services to farmers.
Coromandel is deeply committed to innovation and sustainability, continuously investing in research and development to introduce advanced technologies and eco-friendly solutions aimed at enhancing agricultural productivity. The company’s focus on sustainable practices and its dedication to improving the livelihoods of farmers have solidified its position as a leader in the agricultural sector. With a significant global footprint through strategic investments and partnerships, Coromandel is not only a major player in India but also continues to expand its influence worldwide. Its role in advancing agriculture through cutting-edge products, services, and sustainable solutions makes it an indispensable part of India’s agricultural growth.
Recent News on Coromandel International Ltd
Coromandel International Ltd has recently increased its stake in Senegal’s Baobab Mining and Chemicals Corporation (BMCC), investing an additional $3.84 million to raise its shareholding to 53.8%. This investment supports the expansion of phosphoric acid production, crucial for the company’s fertilizer business. Additionally, Coromandel plans to invest $10.34 million in BMCC to enhance its mining operations and secure a stable supply of rock phosphate, a vital raw material for phosphatic fertilizers. Despite a slight 1.09% dip in its share price, closing at ₹1,645.10 on the BSE, Coromandel continues to focus on strategic global investments to strengthen its agrochemical operations.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 57.41% | 57.34% | 57.33% | 57.33% | 57.32% |
| FIIs + | 7.56% | 7.18% | 7.71% | 7.34% | 7.52% |
| DIIs + | 20.59% | 21.11% | 20.22% | 20.63% | 20.79% |
| Public + | 14.46% | 14.37% | 14.74% | 14.70% | 14.39% |
| No. of Shareholders | 1,32,344 | 1,23,639 | 1,26,628 | 1,36,412 | 1,36,497 |
The shareholding pattern of the company shows a stable distribution across various categories from June 2023 to June 2024. Promoters maintained a majority stake, slightly declining from 57.41% in June 2023 to 57.32% by June 2024, reflecting a marginal reduction. Foreign Institutional Investors (FIIs) fluctuated, decreasing from 7.56% in June 2023 to 7.18% in September, before recovering to 7.52% in June 2024. Domestic Institutional Investors (DIIs) showed a more consistent upward trend, increasing from 20.59% in June 2023 to 20.79% in June 2024. Public shareholding remained relatively steady, ranging between 14.37% and 14.74%, closing at 14.39% in June 2024. The number of shareholders experienced some fluctuations, rising from 1,32,344 in June 2023 to 1,36,497 by June 2024, indicating a slight growth in shareholder participation.
Below are the trading platforms that you can use to purchase Coromandel International Ltd shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 1,683.15 | 1,463.61 |
| November 2024 | 1,750.48 | 1,522.16 |
| December 2024 | 1,767.98 | 1,537.38 |
As we move into October 2024, Coromandel International Ltd is expected to reach a maximum price of ₹1,683.15 and a minimum of ₹1,463.61. In November 2024, the prices are projected to increase, with the maximum at ₹1,750.48 and the minimum at ₹1,522.16. As we approach December 2024, Coromandel International Ltd is anticipated to hit a maximum of ₹1,767.98 and a minimum of ₹1,537.38.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,785.66 | 1,373.59 |
| February 2025 | 1,803.70 | 1,387.46 |
| March 2025 | 1,841.58 | 1,416.60 |
| April 2025 | 1,823.35 | 1,402.57 |
| May 2025 | 1,770.24 | 1,361.72 |
| June 2025 | 1,849.90 | 1,423.00 |
| July 2025 | 1,813.63 | 1,395.10 |
| August 2025 | 1,869.72 | 1,438.25 |
| September 2025 | 1,892.16 | 1,455.50 |
| October 2025 | 1,941.35 | 1,493.35 |
| November 2025 | 1,989.89 | 1,530.68 |
| December 2025 | 2,079.43 | 1,599.56 |
As we step into January 2025, Coromandel International Ltd is expected to see a maximum price of ₹1,785.66 and a minimum of ₹1,373.59. In February 2025, the prices are projected to reach a maximum of ₹1,803.70 and a minimum of ₹1,387.46. As we step into March 2025, Coromandel International Ltd is likely to hit a maximum of ₹1,841.58 and a minimum of ₹1,416.60. Moving through the year, the prices are forecasted to fluctuate, with October 2025 reaching ₹1,941.35 at its highest and ₹1,493.35 at its lowest. As we step into December 2025, Coromandel International Ltd is anticipated to peak at ₹2,079.43 with a minimum of ₹1,599.56.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,141.81 | 1,647.55 |
| February 2026 | 2,088.27 | 1,606.36 |
| March 2026 | 2,130.03 | 1,638.49 |
| April 2026 | 2,173.50 | 1,671.93 |
| May 2026 | 2,151.98 | 1,655.37 |
| June 2026 | 2,205.78 | 1,696.76 |
| July 2026 | 2,162.53 | 1,663.49 |
| August 2026 | 2,229.41 | 1,714.93 |
| September 2026 | 2,274.00 | 1,749.23 |
| October 2026 | 2,333.13 | 1,794.71 |
| November 2026 | 2,391.46 | 1,839.58 |
| December 2026 | 2,451.24 | 1,885.57 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,475.75 | 1,904.43 |
| February 2027 | 2,539.23 | 1,953.26 |
| March 2027 | 2,638.26 | 2,029.43 |
| April 2027 | 2,586.53 | 1,989.64 |
| May 2027 | 2,511.20 | 1,931.69 |
| June 2027 | 2,624.20 | 2,018.62 |
| July 2027 | 2,572.75 | 1,979.04 |
| August 2027 | 2,652.32 | 2,040.24 |
| September 2027 | 2,745.15 | 2,111.65 |
| October 2027 | 2,816.52 | 2,166.56 |
| November 2027 | 2,886.93 | 2,220.72 |
| December 2027 | 2,959.11 | 2,276.24 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,018.29 | 2,321.76 |
| February 2028 | 3,095.68 | 2,381.29 |
| March 2028 | 3,216.41 | 2,474.16 |
| April 2028 | 3,153.35 | 2,425.65 |
| May 2028 | 3,061.50 | 2,355.00 |
| June 2028 | 3,199.27 | 2,460.98 |
| July 2028 | 3,136.54 | 2,412.72 |
| August 2028 | 3,233.55 | 2,487.34 |
| September 2028 | 3,346.72 | 2,574.40 |
| October 2028 | 3,433.73 | 2,641.33 |
| November 2028 | 3,519.58 | 2,707.37 |
| December 2028 | 3,607.57 | 2,775.05 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,679.72 | 2,830.55 |
| February 2029 | 3,774.07 | 2,903.13 |
| March 2029 | 3,921.26 | 3,016.35 |
| April 2029 | 3,844.37 | 2,957.21 |
| May 2029 | 3,732.40 | 2,871.08 |
| June 2029 | 3,900.36 | 3,000.27 |
| July 2029 | 3,823.88 | 2,941.45 |
| August 2029 | 3,942.14 | 3,032.42 |
| September 2029 | 4,080.12 | 3,138.55 |
| October 2029 | 4,186.20 | 3,220.16 |
| November 2029 | 4,290.86 | 3,300.66 |
| December 2029 | 4,398.13 | 3,383.18 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,486.09 | 3,450.84 |
| February 2030 | 4,601.12 | 3,539.32 |
| March 2030 | 4,780.56 | 3,677.36 |
| April 2030 | 4,686.83 | 3,605.25 |
| May 2030 | 4,550.32 | 3,500.24 |
| June 2030 | 4,755.08 | 3,657.75 |
| July 2030 | 4,661.84 | 3,586.03 |
| August 2030 | 4,806.02 | 3,696.94 |
| September 2030 | 4,974.24 | 3,826.33 |
| October 2030 | 5,103.57 | 3,925.82 |
| November 2030 | 5,231.15 | 4,023.97 |
| December 2030 | 5,361.93 | 4,124.56 |
In January 2030, Coromandel International Ltd is expected to see a maximum price of ₹4,486.09 and a minimum of ₹3,450.84. As we move into February 2030, prices are anticipated to rise with a maximum of ₹4,601.12 and a minimum of ₹3,539.32. By March 2030, Coromandel International Ltd is projected to reach a maximum of ₹4,780.56 and a minimum of ₹3,677.36. Throughout the year, fluctuations will continue, with October 2030 anticipated to peak at ₹5,103.57 and dip to ₹3,925.82. As December 2030 approaches, Coromandel International Ltd is expected to reach a maximum price of ₹5,361.93 and a minimum of ₹4,124.56.
Financial Condition of Coromandel International Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 13,137 | 14,182 | 19,111 | 29,628 | 22,058 | 21,094 |
| Expenses + | 11,400 | 12,193 | 16,954 | 26,726 | 19,678 | 18,937 |
| Operating Profit | 1,737 | 1,989 | 2,156 | 2,902 | 2,380 | 2,157 |
| OPM % | 13% | 14% | 11% | 10% | 11% | 10% |
| Other Income + | 35 | 76 | 141 | 171 | 223 | 241 |
| Interest | 235 | 106 | 75 | 190 | 187 | 203 |
| Depreciation | 158 | 173 | 173 | 182 | 229 | 246 |
| Profit before tax | 1,379 | 1,786 | 2,050 | 2,701 | 2,188 | 1,949 |
| Tax % | 23% | 26% | 25% | 25% | 25% | |
| Net Profit + | 1,065 | 1,329 | 1,528 | 2,013 | 1,641 | 1,456 |
| EPS in Rs | 36.36 | 45.3 | 52.08 | 68.46 | 55.78 | 49.57 |
| Dividend Payout % | 33% | 26% | 23% | 18% | 11% |
The financial performance of the company from March 2020 to March 2024, along with TTM (trailing twelve months), indicates steady growth in sales and profitability, with some fluctuations. Sales grew significantly from ₹13,137 crore in March 2020 to a peak of ₹29,628 crore in March 2023, before moderating to ₹22,058 crore in March 2024. Expenses followed a similar trajectory, rising from ₹11,400 crore in 2020 to ₹26,726 crore in 2023, and then reducing to ₹19,678 crore in 2024. Operating profit showed consistent growth, from ₹1,737 crore in 2020 to ₹2,902 crore in 2023, with a slight decline to ₹2,380 crore in 2024. However, the operating profit margin (OPM %) trended lower, falling from 13% in 2020 to 10% in both 2023 and 2024.
Other income saw a noticeable increase over the years, rising from ₹35 crore in 2020 to ₹223 crore in 2024, contributing positively to the overall profit. Interest expenses declined initially but rose again in 2023 and 2024, reflecting ₹203 crore in the TTM period. Depreciation remained relatively stable, increasing from ₹158 crore in 2020 to ₹246 crore in the TTM.
Profit before tax saw consistent growth, peaking at ₹2,701 crore in 2023 before dropping to ₹2,188 crore in 2024. Tax rates remained steady at around 25%, leading to a net profit increase from ₹1,065 crore in 2020 to ₹2,013 crore in 2023, though it slightly declined to ₹1,641 crore in 2024. The earnings per share (EPS) also improved, reaching ₹68.46 in 2023 before easing to ₹55.78 in 2024. The company’s dividend payout ratio consistently decreased, from 33% in 2020 to 11% in 2024, indicating a focus on reinvestment or other strategic uses of capital.
FAQS
By the end of 2024, it is expected that the per share price of Coromandel International will rise to ₹1,767.98.
The share price target of Coromandel International Ltd for 2025 might be around ₹2,079.43.
By the end of 2030, the share price of Coromandel International Ltd is expected to reach approximately ₹5,361.93 per share.
Also read:
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- General Insurance Corporation of India Share Price Target 2024, 2025 to 2030
- RHI Magnesita India Ltd Share Price Target 2024, 2025 to 2030
Conclusion
In conclusion, Coromandel International Ltd, a key player in India’s agrochemical sector and part of the Murugappa Group, has demonstrated consistent growth through its focus on sustainable agricultural practices and strategic global investments. The company has expanded its presence both domestically and internationally, especially with its increasing stake in Senegal’s Baobab Mining and Chemicals Corporation (BMCC). Despite minor fluctuations in its shareholding patterns and stock price, Coromandel’s share price predictions from 2024 to 2030 indicate a steady upward trend, reflecting investor confidence and the company’s strong market position. With a commitment to innovation, sustainability, and farmer empowerment, Coromandel continues to play a pivotal role in advancing India’s agricultural landscape.
What did we learn?
- 1 Recent News on Coromandel International Ltd
- 2 Shareholding Patterns of Coromandel International Ltd
- 3 How to purchase India Coromandel International Ltd shares?
- 4 Share Price Prediction of Coromandel International Ltd: 2024 to 2030
- 4.1 Coromandel International Ltd Share Price Prediction 2024
- 4.2 Coromandel International Ltd Share Price Prediction 2025
- 4.3 Coromandel International Ltd Share Price Target 2026
- 4.4 Coromandel International Ltd Share Price Prediction 2027
- 4.5 Coromandel International Ltd Share Price Target 2028
- 4.6 Coromandel International Ltd Share Price Prediction 2029
- 4.7 Coromandel International Ltd Share Price Prediction 2030
- 5 Financial Condition of Coromandel International Ltd: Last 5 years
- 6 FAQS
- 7 Conclusion
