Buy Coromandel International, target price Rs 1096: HDFC Securities

HDFC Securities has buy call on Coromandel International with a target price of Rs 1096. The current market price of Coromandel International is Rs 933.45. Time period given by analyst is six months when Coromandel International Ltd. price can reach defined target.

Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 28558.67 Crore) operating in Fertilisers sector.

Coromandel International Ltd. key Products/Revenue Segments include Ammonium Phosphatic Fertilizers, Subsidy, Crop Protection, Others Items, Single Super Phosphate (SSP), Urea, Muriate Of Potash (Trading) for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4303.60 Crore, down -15.61 % from last quarter Total Income of Rs 5099.50 Crore and up 49.86 % from last year same quarter Total Income of Rs 2871.72 Crore. Company reported net profit after tax of Rs 290.51 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 57.53 per cent stake in the company as of 31-Mar-2022, while FIIs owned 11.57 per cent, DIIs 16.73 per cent.