Coromandel International Ltd(COROMANDEL)

NSE: COROMANDELBSE: 506395

₹ 1,704.9-1.08%refreshed 23 Oct, 03:59 pm ISTMarket cap: ₹ 50,305 crWebsite: www.coromandel.bizUpdated: 24 Oct 2026

About

Coromandel International, part of the Murugappa Group and established in 1961, is an agri-solutions company with an integrated portfolio of fertilizers, specialty nutrients, crop protection, bio-products and digital agronomy, serving over 2 crore farmers. It is the largest private-sector NPK player in India and India's 6th largest agchem player by value. In FY26 it reported revenue of Rs 31,479.54 crores.^[1][2]

Business segments

Nutrient and other allied business: 87.5% of segment revenue (INR 27,726.87 crores) with EBIT of INR 2,463.86 crores (8.9% margin) in FY26.^[3]
Crop protection: 12.5% of segment revenue (INR 3,968.25 crores) with EBIT of INR 510.81 crores (12.9% margin) in FY26.^[3]

Products and brands

Gromor is the flagship fertilizer brand; unique fertilizer grades made up 35% of sales as of FY25.^[1]
The Azadirachtin (neem-based) facility at Cuddalore, Tamil Nadu is the largest in the world, per the FY25 annual report.^[1]
SSP volumes grew 19% in Q1 FY27; differentiated products (GroPlus, Urea-SSP) exceeded 50% of total SSP sales.^[4]
Nano DAP: ~50% domestic market share with volumes up 60% YoY in FY26; close to 42 lakh nano bottles marketed; exports initiated in Q1 FY27.^[5]

Manufacturing and backward integration

The company operated 18 manufacturing plants and 7 R&D facilities as of FY25.^[1]
SSP capacity was 0.9 million MT with 0.8 million MT produced; crop protection technical capacity was 0.8 lakh MT with 0.7 lakh MT produced, in FY25.^[1]
Record fertilizer production of 3.5 million tons in FY26; all plants ran at 100% capacity utilisation in Q3 FY26 (9.9 lakh tons, +18% YoY).^[5]
Kakinada 2,000 TPD sulphuric acid and 650 TPD phosphoric acid plants commissioned in March 2026; sulphuric acid plant at rated capacity generating 24 MW of power; phosphoric acid stabilising in Q1 FY27.^[5]
Total phosphoric acid capacity rises to 7 lakh tons after the new Kakinada plant.^[6]
A Nano fertilizer plant at Kakinada (1 crore bottles per annum) and a 1.3 lakh ton Urea SSP plant at Nimrani, Madhya Pradesh were commissioned in FY25.^[1]
Mancozeb capacity at Sarigam expanded 20% in Q3 FY26; a further 30% expansion targets completion by mid-FY27.^[7]

Key operating numbers and market position

DAP+NPK sales reached 4.3 million tons in FY26 (+7% YoY); consumption of 4.1 million tons gave a 17.5% domestic phosphatic market share, the highest ever.^[5]
Q1 FY27 fertilizer sales were 10 lakh tons (-9% YoY); primary market share rose to 22% from 18%; POS share 16% with POS volumes up 13% to 7.9 lakh tons.^[4]
Granulation utilisation was 72% in Q1 FY27 (production 6.9 lakh tons vs 8.4 lakh tons a year earlier) amid elevated sulphur and ammonia prices.^[4]
Phosphoric acid production was 1.2 lakh tons in Q1 FY27, broadly in line with the prior year.^[4]
NPK's share of total phosphatic consumption reached 64% in H1 FY26, versus a historical 50-50 split with DAP.^[6]

Crop protection and NACL

Standalone CPC revenue was INR 870 crores (+20% YoY) and EBIT INR 159 crores (+44% YoY) in Q1 FY27, led by exports and B2B sales.^[4]
Standalone CPC FY26 revenue grew 16% to INR 3,054 crores; combined CPC + NACL revenue reached INR 4,000 crores.^[5]
NACL Industries became a subsidiary effective August 8, 2025; FY26 NACL revenue grew 28% to INR 1,585 crores with EBITDA of INR 103 crores.^[5]
NACL Q1 FY27 EBITDA was INR 41 crores (+9%), margin 11% vs 8%, on revenue of INR 383 crores.^[4]
Crop protection exports were 42% of agchem sales as of FY25 and passed Rs 1,000 crores, with presence in Latin America, Africa and Asia-Pacific.^[1]

Customers and distribution

The nutrients business had 1.1 lakh retail touchpoints and the MyGromor digital platform served about 10 lakh farmers as of FY25.^[1]
Own retail network crossed 1,200 outlets in Q1 FY27 (22 added in the quarter); revenue rose 85% YoY and 76% of stores were profitable vs 61% a year earlier.^[4]
Retail grew over 30% in FY26 with more than 300 new stores in Andhra Pradesh, Telangana and Karnataka; entered Maharashtra and Tamil Nadu.^[5]
Northern market fertilizer volumes grew more than 24% in FY26.^[5]

Mining - BMCC Senegal

BMCC Senegal became a subsidiary at 53.8% in FY25, expected to meet up to one third of rock requirement.^[1]
FY26 BMCC output tracked to 3.5 lakh tons, above the 300,000-ton target; Q1 FY27 output was over 1.1 lakh tons.^[7][4]
An SSP facility in Senegal (estimated $5-6 million, 100,000-150,000 tons) is being evaluated to process reject rocks for export.^[4]

Expansion and capex

Kakinada 750,000-ton granulation train (Rs 500 Crores) is on track for Q4 FY27 commissioning, revised from Q3 FY27.^[4][1]
CPC active ingredient capacity expansion expected to be commissioned by September 2026; a Multi-Product Plant for crop protection technicals is being set up in Gujarat (Dahej).^[4][1]
MAP water-soluble fertilizer plant at Vizag: Phase 1 of 25,000 tons at capex of INR 150-170 crores, activity commenced as of Q3 FY26.^[6]
Target of 4 million tons manufactured + 1 million tons traded + 1 million tons SSP and organics, total nutrient visibility of 8-9 million tons by FY28.^[4]
Maintenance capex guided at approximately INR 300 crores per year.^[4]

Recent developments

Industry took a 25-30% MRP increase for kharif 2026; management said further hikes need NBS subsidy revision.^[4]
A CDMO pilot facility for fluorination chemistry is planned at Ankleshwar; CDMO revenues expected from FY28.^[4]
Dhaksha (stake raised to 58% for Rs 150 Cr) plans to expand its agri-drone fleet to 500 drones in FY27; defence orders in final stages.^[4][1]

Market Cap

₹50,305 Cr

High / Low

₹2,496 / 1,652

Stock P/E

27.7

Price / Book

4.0

Book Value

₹426

EPS

₹66.3

No. of Shares

29.5 Cr

ROCE

23.2%

ROE

16.6%

OPM

9.5%

Debt / Equity

0.07

Sales

₹31,480 Cr

Net Profit

₹1,898 Cr

Promoter holding

56.3%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

Coromandel International Ltd(COROMANDEL)

About

Business segments

Products and brands

Manufacturing and backward integration

Key operating numbers and market position

Crop protection and NACL

Customers and distribution

Mining - BMCC Senegal

Expansion and capex

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions