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Coromandel International inches up as its arm bags order to supply logistics drones, accessories to Indian Army Coromandel International is currently trading at Rs. 1045.40, up by 3.05 points or 0.29% from its previous closing of Rs. 1042.35 on the BSE. The scrip opened at Rs. 1025.40 and has touched a high and low of Rs. 1048.40 and Rs. 1025.40 respectively. So far 12253 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 838.95 on 27-Jan-2023. Last one week high and low of the...
Coromandel International inches up as its arm bags order to supply logistics drones, accessories to Indian Army
Coromandel International inches up as its arm bags order to supply logistics drones, accessories to Indian Army
Source: IANS
7/08/2023 5:25:12 PM
India's Coromandel counts on drone startup to tackle farm labour shortage Chemical maker Coromandel International is betting its drone startup Dhaksha will help Indian farmers cope with an ongoing labour shortage in the agriculture sector, a top executive told Reuters on Friday. In June Coromandel bought a majority stake in Dhaksha at a valuation of 6.25 billion rupees ($75.96 million), saying the startup will "identify promising avenues of growth" for the company. Dhaksha's drones can spray nutrients and pesticides onto crops and can also be us...
India's Coromandel counts on drone startup to tackle farm labour shortage
India's Coromandel counts on drone startup to tackle farm labour shortage
Source: Reuters
28/07/2023 5:06:27 PM
India's Coromandel International posts Q1 profit fall on weak demand  Indian agricultural chemicals maker Coromandel International Ltd reported a marginal drop in first-quarter profit on Thursday, hurt by slowing demand. Consolidated net profit after tax for the quarter fell 1% to 4.94 billion rupees ($60.3 million) from 4.99 billion rupees a year earlier. Analysts, on average, expected a profit of 4.22 billion rupees, as per Refinitiv data. Revenue from operations fell 0.6% to 57.29 billion rupees. For further earnings highlights, click Full ...
India's Coromandel International posts Q1 profit fall on weak demand
India's Coromandel International posts Q1 profit fall on weak demand
Source: Reuters
27/07/2023 2:40:03 PM
Stock of the day : Buy Coromandel International Ltd For Target Rs. 1,030 - Religare Broking Ltd Coromandel International Ltd * The stock had earlier registered a breakout from a bullish reversal price pattern. * Trading in a consolidation range while holding firmly above the support zone of multiple moving average. * The chart pattern combined with strong volumes suggests a bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone.   Buy Coromandel International Ltd CMP 978; Range 975-985; SL 955; Target 1030   &n...
Stock of the day : Buy Coromandel International Ltd For Target Rs. 1,030 - Religare Broking Ltd
Stock of the day : Buy Coromandel International Ltd For Target Rs. 1,030 - Religare Broking Ltd
Source: Religare Broking Ltd
24/07/2023 10:16:10 AM
Accumulate Coromandel International Ltd For Target Rs.1,060 - Geojit Financial Services Ltd Good volumes in fertilizer drove the top line. Coromandel International Ltd. (CRIN) is one of the leading private sector fertilizer manufacturers in the country. CRIN is one of the key producers of NPK and SSP grade fertilizers. * CRIN reported decent revenue of 30% YoY in Q4FY23, driven by higher MRP and subsidy realisation. * EBITDA grew by 6.2% in Q4FY23. However, EBITDA margin contracted by 162bps to 7.4% YoY. * In FY23, the company launched eight new products, which received ...
Accumulate Coromandel International Ltd For Target Rs.1,060 - Geojit Financial Services Ltd
Accumulate Coromandel International Ltd For Target Rs.1,060 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
26/05/2023 12:13:29 PM
Coromandel International rises despite reporting 15% fall in Q4 consolidated net profit Coromandel International is currently trading at Rs. 963.70, up by 2.95 points or 0.31% from its previous closing of Rs. 960.75 on the BSE. The scrip opened at Rs. 939.80 and has touched a high and low of Rs. 986.00 and Rs. 939.75 respectively. So far 15488 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 838.95 on 27-Jan-2023. Last one week high and low of the scri...
Coromandel International rises despite reporting 15% fall in Q4 consolidated net profit
Coromandel International rises despite reporting 15% fall in Q4 consolidated net profit
Source: Accord Fintech
16/05/2023 3:41:31 PM
India`s Coromandel International posts 15% drop in Q4 profit as costs rise BENGALURU- Indian agricultural chemicals maker Coromandel International Ltd reported a 15% fall in its quarterly profit on Monday, as soaring costs offset growing demand. Consolidated net profit after tax for the quarter rose to 2.46 billion rupees ($30.08 million), compared with 2.9 billion rupees a year earlier. Revenue from operations rose nearly 30% to 54.76 billion rupees, but was outpaced by a 32% increase in total expenses. WHY IT MATTERS Coromandel has reported a rise in q...
India`s Coromandel International posts 15% drop in Q4 profit as costs rise
India`s Coromandel International posts 15% drop in Q4 profit as costs rise
Source: Reuters
15/05/2023 7:44:38 PM
Stock of the day: Buy Coromandel International Ltd For Target Rs.980 - Religare Broking Coromandel International Ltd * In line with other fertilizer counters, Coromandel also retraced from its record high and tested monthly support around 850 levels. * The last five month of price action result in formation of a reversal pattern. Set for a breakout now. * Reclaimed major moving averages too, with noticeable volumes. Adding to confirmation. * We thus recommend creating fresh longs in the mentioned range.     To Read Complete Report & Disclai...
Stock of the day: Buy Coromandel International Ltd For Target Rs.980 - Religare Broking
Stock of the day: Buy Coromandel International Ltd For Target Rs.980 - Religare Broking
Source: Religare Broking Ltd
10/04/2023 10:43:48 AM
Coromandel International soars on getting nod to expand operations in crop protection chemicals Coromandel International is currently trading at Rs. 888.20, up by 21.40 points or 2.47% from its previous closing of Rs. 866.80 on the BSE. The scrip opened at Rs. 873.95 and has touched a high and low of Rs. 892.05 and Rs. 872.05 respectively. So far 1324 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 779.80 on 28-Mar-2022. Last one week high and low of the scri...
Coromandel International soars on getting nod to expand operations in crop protection chemicals
Coromandel International soars on getting nod to expand operations in crop protection chemicals
Source: Accord Fintech
23/03/2023 10:05:13 AM
Coromandel International jumps on reporting 38% rise in Q3 consolidated net profit Coromandel International is currently trading at Rs. 894.00, up by 19.50 points or 2.23% from its previous closing of Rs. 874.50 on the BSE. The scrip opened at Rs. 873.50 and has touched a high and low of Rs. 894.45 and Rs. 869.20 respectively. So far 16172 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 730.00 on 24-Feb-2022. Last one week high and low of the scr...
Coromandel International jumps on reporting 38% rise in Q3 consolidated net profit
Coromandel International jumps on reporting 38% rise in Q3 consolidated net profit
Source: Accord Fintech
6/02/2023 12:21:59 PM
India`s Coromandel International Q3 profit beats forecast on robust demand  Agricultural chemicals maker Coromandel International Ltd on Thursday reported a better-than-expected rise in third-quarter profit, as demand for its products was bolstered by healthy sowing and firm crop prices. The company's consolidated net profit after tax rose 38.1% to 5.27 billion rupees ($64.24 million) from a year earlier, while analysts on average had expected a profit of 4.35 billion rupees. Revenue from operations climbed 63.8% to 83.10 billion rupees. The compan...
India`s Coromandel International Q3 profit beats forecast on robust demand
India`s Coromandel International Q3 profit beats forecast on robust demand
Source: Reuters
2/02/2023 3:17:40 PM
Coromandel International inches up on incorporating wholly owned subsidiary Coromandel International is currently trading at Rs. 902.65, up by 2.65 points or 0.29% from its previous closing of Rs. 900.00 on the BSE. The scrip opened at Rs. 900.00 and has touched a high and low of Rs. 903.95 and Rs. 895.90 respectively. So far 2097 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 730.00 on 24-Feb-2022. Last one week high and low of the scrip...
Coromandel International inches up on incorporating wholly owned subsidiary
Coromandel International inches up on incorporating wholly owned subsidiary
Source: Accord Fintech
29/12/2022 10:13:11 AM
Coromandel International trades higher as its venture capital arm invests in drone startup dhaksha unmanned systems Coromandel International is currently trading at Rs. 1025.00, up by 3.95 points or 0.39% from its previous closing of Rs. 1021.05 on the BSE. The scrip opened at Rs. 1021.05 and has touched a high and low of Rs. 1040.20 and Rs. 1021.05 respectively. So far 14123 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 709.55 on 20-Dec-2021. Last one week high and low of the...
Coromandel International trades higher as its venture capital arm invests in drone startup dhaksha unmanned systems
Coromandel International trades higher as its venture capital arm invests in drone startup dhaksha unmanned systems
Source: Accord Fintech
15/09/2022 3:52:24 PM
Buy Coromandel International Ltd For Target Rs.1,240 - Motilal Oswal Financial Backward integration and better RM sourcing drive EBIDTA Better-than-expected earnings * CRIN reported a robust operating performance, with EBIDTA growing 42% YoY due to better per tonne margin in the Fertilizer business. This was achieved on the back of backward integration, control on fixed costs, inventory gain, and better outsourcing of raw materials, despite an inflationary cost scenario. * Factoring in its 1QFY23 performance, we have raised our FY23/FY24 earnings estimate by 14...
Buy Coromandel International Ltd For Target Rs.1,240 - Motilal Oswal Financial
Buy Coromandel International Ltd For Target Rs.1,240 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
8/09/2022 4:05:04 PM
Coromandel International gains on getting long-term issuer rating upgraded by India Ratings Coromandel International is currently trading at Rs. 1049.00, up by 9.60 points or 0.92% from its previous closing of Rs. 1039.40 on the BSE. The scrip opened at Rs. 1020.00 and has touched a high and low of Rs. 1058.05 and Rs. 990.00 respectively. So far 18300 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1092.50 on 17-Aug-2022 and a 52 week low of Rs. 709.55 on 20-Dec-2021. Last one week high and low of the ...
Coromandel International gains on getting long-term issuer rating upgraded by India Ratings
Coromandel International gains on getting long-term issuer rating upgraded by India Ratings
Source: Accord Fintech
29/08/2022 1:04:55 PM
Mid Cap : Accumulate Coromandel International Ltd For Target Rs. 1,171 - Geojit Financial Services Higher realization drove the top line. Coromandel International (CRIN) is one of the leading private sector fertilizer manufactures in the country, with significant presence in South India. CRIN is one of the key producers of NPK and SSP grade fertilizers. • In Q1FY23, revenue grew by 56% YoY aided by higher realisation. Nutrients and other allied business (89% of sales mix) grew 66% YoY  • EBITDA rose by 42% YoY, but the margin shrunk by 120bps YoY to 12%, on account ...
Mid Cap : Accumulate Coromandel International Ltd For Target Rs. 1,171 - Geojit Financial Services
Mid Cap : Accumulate Coromandel International Ltd For Target Rs. 1,171 - Geojit Financial Services
Source: Geojit Financial Services Ltd
10/08/2022 11:05:24 AM
Coromandel Internati Q1 net profit jumps 50.58% at Rs 495.67 cr The company reported standalone net profit of Rs 495.67 crore for the quarter ended June 30, 2022 as compared to Rs 329.18 crore in the same period last year, registering a year-on-year growth of 50.58 per cent. Net revenue of the company rose substantially by 56.98 per cent at Rs 5,722.16 crore in April-June quarter of this fiscal as against Rs 3,645.18 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 59.20 per cent to Rs 5,038.78 cro...
Coromandel Internati Q1 net profit jumps 50.58% at Rs 495.67 cr
Coromandel Internati Q1 net profit jumps 50.58% at Rs 495.67 cr
Source: Dion Global Solutions Ltd
27/07/2022 3:24:35 PM
Buy Coromandel International Ltd For Target Rs.1,160 - Motilal Oswal Financial Strategic initiatives to drive long-term growth CRIN’s FY22 Annual Report highlights the company’s strategic and transformational initiatives, its performance, and significant trends in the industry. Key highlights below: * The management has taken various strategic initiatives such as strengthening the supply-chain on the back of significant backward integration and strategic procurement. Such initiatives will help create a moat in the long run. * CRIN is improving its ...
Buy Coromandel International Ltd For Target Rs.1,160 - Motilal Oswal Financial
Buy Coromandel International Ltd For Target Rs.1,160 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
20/07/2022 11:52:28 AM
LKP Spade : A Weekly Pick - Buy Coromandel International Ltd For Target Rs.1,080 - LKP Securities Coromandel International Ltd Coromandel International Ltd * The stock has given a consolidation breakout on the daily chart. * Besides, the price has sustained above its major short term moving averages. * The daily RSI is in a bullish crossover. Coromandel International Ltd  Buy @ Rs.977 Stop Loss Below  Rs.Rs. 929 CB Target Rs. 1030/1080 Duration 1 Week   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer ...
LKP Spade : A Weekly Pick - Buy Coromandel International Ltd For Target Rs.1,080 - LKP Securities Coromandel International Ltd
LKP Spade : A Weekly Pick - Buy Coromandel International Ltd For Target Rs.1,080 - LKP Securities Coromandel International Ltd
Source: LKP Securities Ltd
4/07/2022 11:55:55 AM
Weekly Tech Picks - Hero MotoCorp Limited, Coromandel International Limited, Power Grid Corporation of India Limited, Titan Company Limited By Axis Securities Hero MotoCorp Limited • On the daily chart, the stock has rebounded sharply from 2146 levels and confirmed “double bottom” – trend reversal pattern • In addition, the stock has confirmed higher top and higher bottom formation which reconfirm bullish sentiments • This buying momentum was observed Hero MotoCorp Limited Weekly Tech Picks 06 May,2022from 20 day SMA (2306) and rebounded sharply • The daily “band bollinger” buy signal re...
Weekly Tech Picks - Hero MotoCorp Limited, Coromandel International Limited, Power Grid Corporation of India Limited, Titan Company Limited By Axis Securities
Weekly Tech Picks - Hero MotoCorp Limited, Coromandel International Limited, Power Grid Corporation of India Limited, Titan Company Limited By Axis Securities
Source: Axis Securities Ltd
9/05/2022 10:47:43 AM
Coromandel International to acquire 45% stake in Senegal rock phosphate mining firm Murugappa Group's Coromandel International Ltd will acquire 45 per cent stake in the Senegal-based Baobab Mining and Chemicals Corporation (BMCC), a rock phosphate mining company. According to Coromandel International, the acquisition will be at an outlay of $19.6 million (about Rs 150 crore) and it will also provide a loan of $9.7 million (about Rs 75 crore). The acquisition is happening through its wholly-owned subsidiary Parry Chemicals Ltd. The transaction is expected to be c...
Coromandel International to acquire 45% stake in Senegal rock phosphate mining firm
Coromandel International to acquire 45% stake in Senegal rock phosphate mining firm
Source: IANS
7/05/2022 9:53:23 AM
Buy Coromandel International Ltd For Target Rs.1,035 - Motilal Oswal Near-term challenges on higher RM In this note we have analyzed the volume performance for CRIN in 3QFY22, the trend in its key RMs, Rabi sowing in its key markets, and capacity expansion in sulfuric acid. The key insights are highlighted below: Manufacturing volumes offtake remains higher on a low base of last year * As per the Ministry of Fertilizer, CRIN’s overall volumes in Oct-Nov’21 declined by 20% YoY due to a 78% fall in trading volumes, whereas manufacturing volu...
Buy Coromandel International Ltd For Target Rs.1,035 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs.1,035 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/12/2021 9:22:40 AM
Key News - Coromandel International Ltd, Life Insurance Corporation of India, Zomato Ltd, Cairn Oil and Gas By ARETE Securities Key News Coromandel plans 1,650-tonne sulphuric acid plant in Vizag for Rs 400 cr Coromandel International, the country’s second largest phosphatic fertilizer player and part of Murugappa Group, announced plans on Tuesday to set up 1,650-metric-tonnes-per-day sulphuric acid plant at its fertiliser complex in Visakhapatnam at an investment of Rs 400 crore. Announcing the plan, the company also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TK...
Key News - Coromandel International Ltd, Life Insurance Corporation of India, Zomato Ltd, Cairn Oil and Gas By ARETE Securities
Key News - Coromandel International Ltd, Life Insurance Corporation of India, Zomato Ltd, Cairn Oil and Gas By ARETE Securities
Source: ARETE Securities Ltd
17/11/2021 9:21:05 AM
Coromandel International to expand sulphuric acid capacity at Rs 400 Cr  Fertiliser major Coromandel International Ltd will set up a new Rs 400 crore, 1,650 ton per annum sulphuric acid plant in Visakhapatnam. Part of the Rs 417 billion Murugappa group, Coromandel International has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions). With the new plant, Coromandel International will increase its sulphuric acid production capacity by five lakh ton per annum to 11 lakh ton pe...
Coromandel International to expand sulphuric acid capacity at Rs 400 Cr
Coromandel International to expand sulphuric acid capacity at Rs 400 Cr
Source: IANS
16/11/2021 2:27:44 PM
Buy Coromandel International Limited Target Rs.885 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Coromandel International Limited Target Rs.885 - Religare Broking
Buy Coromandel International Limited Target Rs.885 - Religare Broking
Source: Religare Broking Ltd
6/10/2021 10:39:47 AM
Buy Coromandel International Ltd For Target Rs.1,050 - Motilal Oswal Strong showing despite higher RM price concerns Sustainability of GM – key to watch out for * CRIN reported a strong operating performance in 1QFY22 on the back of gross margin expansion, due to diversified sourcing, backward integration, cost efficiency, and inventory gain. Sustainability of gross margin and volume growth remains a key monitorable going forward. * Factoring better-than-expected earnings, we have increased our FY22E/FY23E PAT estimate by 5%/1%. We maintain our ...
Buy Coromandel International Ltd For Target Rs.1,050 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs.1,050 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/08/2021 12:11:29 PM
Mid Cap : Accumulate Coromandel International Ltd For Target Rs.922 - Geojit Financial Outlook continues to be intact. Coromandel International (CRIN) is one of the leading private sector fertilizer producers in the country with significant presence in South India. They are one of the leading producers of NPK and SSP grade fertilizers. * Revenue grew by 14% YoY to Rs.3,664cr in Q1FY22 driven by growth in both fertilizer and crop protection chemicals (CPC). Fertilizer segment revenue grew 9% while CPC segment grew at a staggering 50% YoY. * Backward integration and inve...
Mid Cap : Accumulate Coromandel International Ltd For Target Rs.922 - Geojit Financial
Mid Cap : Accumulate Coromandel International Ltd For Target Rs.922 - Geojit Financial
Source: Geojit Financial Services Ltd
13/08/2021 10:02:49 AM
Buy Coromandel International Ltd Target Rs. 940 - Religare Broking Derivative Ideas COROMANDEL FUTS added around 14% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in COROMANDEL in cash as per below levels. Strategy:- BUY COROMANDEL BETWEEN 908-910 STOPLOSS 895 TARGET 940.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ00017433...
Buy Coromandel International Ltd Target Rs. 940 - Religare Broking
Buy Coromandel International Ltd Target Rs. 940 - Religare Broking
Source: Religare Broking Ltd
27/07/2021 10:57:09 AM
Coromandel International better than expected result stock up ~6% By Mr. Amarjeet Maurya, Angel Broking Ltd Below is quote on Coromandel International better than expected result stock up ~6% by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd For 1QFY22, Coromandel International Ltd (CIL)’s Consolidated top-line grew by ~14% to ~Rs3,664cr on back of health revenue growth across the segment - Nutrient and other allied segment (up ~9%) & Crop protection business (up ~50%). On the operating profit front, the company has reported ~Rs483cr, grew by ...
Coromandel International better than expected result stock up ~6% By Mr. Amarjeet Maurya, Angel Broking Ltd
Coromandel International better than expected result stock up ~6% By Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
26/07/2021 4:18:59 PM
Buy Coromandel International Ltd For Target Rs. 1,040 - Motilal Oswal Margin to remain under pressure in the near term In this note we have analyzed acreages across key states for CRIN, its volume performance in 1QFY22, and the trend in key raw materials. Key insights are highlighted below: Acreages across key states for CRIN have declined * CRIN’s key markets are Andhra Pradesh, Telangana, Maharashtra, Karnataka, West Bengal, and Odisha. These six states account for 94% of its NPK/DAP volumes and 84% of overall volumes (as of FY21). * All Ind...
Buy Coromandel International Ltd For Target Rs. 1,040 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs. 1,040 - Motilal Oswal
Source: Motilal Oswal Financial Services
23/07/2021 11:07:33 AM
Hold Coromandel International Ltd : Await more growth initiatives - Emkay Global Await more growth initiatives * We reinstate our overall volume assumptions for FY22/23/24 to 8%/4%/4% after the increase in subsidy for complex fertilizers by the government. We are raising our WC assumption to 80 days (56 days in FY20) to factor in the elevated receivables cycle due to higher share of subsidies. * We maintain our Hold rating and target P/E multiple of 15x while revising the TP. We roll forward to Sep-23E EPS (Mar-23E earlier) and arrive at our Sep-22E TP of Rs855 (Rs7...
Hold Coromandel International Ltd : Await more growth initiatives - Emkay Global
Hold Coromandel International Ltd : Await more growth initiatives - Emkay Global
Source: Emkay Global Financial Services Ltd
3/07/2021 10:27:34 AM
Buy Coromandel International Ltd For Target Rs.983 - Motilal Oswal Lower Fertilizer margin drags down overall performance Below expected earnings * Coromandel International (CRIN) reported a weak performance on the back of margin contraction in Fertilizer segment due to higher RM cost, lower volumes, and maintenance shutdowns. Price rise in complex Fertilizer, on rising phosphoric acid prices (prices have increased by 64% YoY and 26% QoQ in 1QFY22), remains a key monitorable going forward. On the back of margin pressures in the Fertilizer segment on hi...
Buy Coromandel International Ltd For Target Rs.983 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs.983 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/05/2021 10:10:36 AM
MTF Stock Pick  Buy Coromandel International Ltd For Target Rs. 860 - HDFC Securities MTF Stock Pick  Buy Coromandel International Ltd For Target Rs. 860 - HDFC Securities  Coromandel International has been consistently falling in the last few weeks after testing a high of 852 in February 2021. The stock has found support around the 711 levels which also roughly coincides with a previous intermediate low tested in October 2020. This implies a double bottom formation on the weekly charts. Technical indicators are giving positive signa...
MTF Stock Pick  Buy Coromandel International Ltd For Target Rs. 860 - HDFC Securities
MTF Stock Pick  Buy Coromandel International Ltd For Target Rs. 860 - HDFC Securities
Source: HDFC Securities Ltd
11/05/2021 1:10:05 PM
Mid Cap : Buy Coromandel International Ltd For Target Rs. 941 - Geojit Financial Outlook intact despite weak quarter... Coromandel International (CRIN) is one of the leading private sector fertilizer producers in the country with significant presence in South India. They are one of the leading producers of NPK and SSP grade fertilizers. * CRIN’s total revenues in Q4FY21 de-grew by 0.5% YoY to Rs.2,856cr on the back of de-growth in revenues and volumes from the fertilizer business. * The de-growth was mainly due to the planned maintenance shutdown of fertili...
Mid Cap : Buy Coromandel International Ltd For Target Rs. 941 - Geojit Financial
Mid Cap : Buy Coromandel International Ltd For Target Rs. 941 - Geojit Financial
Source: Geojit Financial Services Ltd
5/05/2021 9:43:24 AM
Buy Coromandel International Ltd For Target Rs.1,030 - Motilal Oswal Release of subsidies to aid CFO generation In this note, we have analyzed volume growth for Coromandel International (CRIN) and the Fertilizer industry in FY21. Moreover, we have looked at the market share trend, the release of subsidies, price hikes for DAP/NPKS, and volume performance in 4QFY21. Here are the key insights: CRIN’s FY21 volume growth stays ahead of industry * Overall Fertilizer industry volumes grew 8% YoY in FY21 on the back of 19% volume growth in MOP; NPKS ...
Buy Coromandel International Ltd For Target Rs.1,030 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs.1,030 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/04/2021 9:17:51 AM
Buy Coromandel International Ltd For Target Rs.910 - Emkay Global In-line quarter; product mix improves in crop protection segment Result highlights * Coromandel International (CRIN) EBITDA/PAT increased 15.6%/25.6% yoy on the back of 1) 19% growth in fertilizer volumes, 2) 96bps improvement in EBITDA margins, led by 208bps EBIT margin improvement in crop protection segment, and 3) 55% reduction in interest expenses due to robust operating cash flow generation. * EBITDA/PAT missed our estimates by 2% mainly due to lower-than-expected margins in t...
Buy Coromandel International Ltd For Target Rs.910 - Emkay Global
Buy Coromandel International Ltd For Target Rs.910 - Emkay Global
Source: Emkay Global Financial Services Ltd
3/02/2021 9:32:17 AM
Buy Coromandel International Ltd For Target Rs. 1,090 - Motilal Oswal 2HFY21 looks promising owing to better rabi season Long-term story intact In this report, we have analyzed the sowing movement in CRIN’s key states and corresponding fertilizer volume data. Here are the key highlights: * NPK fertilizer is driving overall manufacturing volumes, with double-digit growth in key states in 3QFY21 (as per the Ministry of Fertilizers). * AP, Telangana, and Maharashtra would lead NPK fertilizer’s growth. * An increase in rabi paddy and chil...
Buy Coromandel International Ltd For Target Rs. 1,090 - Motilal Oswal
Buy Coromandel International Ltd For Target Rs. 1,090 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/01/2021 10:21:43 AM