Motilal Oswal has buy call on Ltd. with a target price of Rs 1071. The current market price of Coromandel International Ltd. is Rs 785.75.
Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 22955.09 Crore) operating in Fertilisers sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3533.01 Crore, down 23.38 % from last quarter Sales of Rs 4611.27 Crore and up 7.76 % from last year same quarter Sales of Rs 3278.65 Crore Company reported net profit after tax of Rs 332.23 Crore in latest quarter.
Investment Rationale
CRIN reported in-line numbers in 3Q; thus, it maintains estimates for FY21/FY22/FY23E.
Promoter/FII Holdings
Promoters held 57.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 7 per cent, DIIs 19.2 per cent and public and others 16.2 per cent.
