Time period given by analyst is one year 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 22356.75 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 30-09-2021, the company reported a Consolidated Total Income of Rs 6166.40 Crore, up 67.31 % from last quarter Total Income of Rs 3685.62 Crore and up 33.49 % from last year same quarter Total Income of Rs 4619.50 Crore. Company reported net profit after tax of Rs 518.88 Crore in latest quarter.
Investment Rationale
The brokerage continues to remain positive on the company on back of its strong business model, high operating cash flows, strong balance sheet, new product launches, fast growing organic nutrients business & agriculture reforms. It maintains BUY rating on the stock with a target price of Rs 1012 per share.
Promoter/FII Holdings
Promoters held 57.54 per cent stake in the company as of 30-Sep-2021, while FIIs owned 13.15 per cent, DIIs 15.59 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
