Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 22263.04 Crore) operating in Fertilisers sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 3541.87 Crore, down -23.33 % from last quarter Total Income of Rs 4619.50 Crore and up 7.73 % from last year same quarter Total Income of Rs 3287.73 Crore. Company reported net profit after tax of Rs 332.23 Crore in latest quarter.
Investment Rationale
The structural story remains intact with regard to increasing farmers’ awareness about having balanced nutrients in crops. This is likely to aid the shift from urea to complex fertilizers; thus, CRIN stands to be a key beneficiary.
Promoter/FII Holdings
Promoters held 57.6 per cent stake in the company as of Dec 31, 2020, while FIIs held 7 per cent, DIIs 19.2 per cent and public and others 16.2 per cent.
