Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 21386.62 Crore) operating in Fertilisers sector.
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Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 5.9 per cent, DIIs 19.7 per cent and public and others 14.9 per cent.
Motilal Oswal has given a buy rating to Coromandel International with a target price of Rs 981. The share price moved down by 0.08 per cent from its previous close of Rs 733.70. The stock’s last traded price is Rs 733.10.
Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 21386.62 Crore) operating in Fertilisers sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 4611.27 Crore, up 43.51 % from last quarter Sales of Rs 3213.23 Crore and down -5.08 % from last year same quarter Sales of Rs 4857.98 Crore. Company reported net profit after tax of Rs 587.41 Crore in latest quarter.
Investment Rationale The brokerage expects a revenue/EBITDA/PAT CAGR of 10%/16%/22% over FY20–22E. It values CRIN at 18x FY22E EPS to arrive at TP of INR981. Promoter/FII Holdings Promoters held 59.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 5.9 per cent, DIIs 19.7 per cent and public and others 14.9 per cent.
