Sharekhan's research report on Coromandel International
Revenues reached Rs. 7,433 crore, rising by 6% y-o-y and by 57% q-o-q, primarily driven by higher volumes of primary sales.Operating profit stood at Rs. 975 crore, down 8% y-o-y but up 93% q-o-q, despite lower subsidy rates and rising raw material prices.The board’s approval for establishing a new Multi-Product Plant aligns with the company’s growth aspirations in the crop protection sector.
Outlook
We maintain a Buy with a revised PT of Rs. 1,917, backed by backward integration and foray in the specialty chemical/CDMO business. At CMP, the stock trades at a valuation of 24x/19x to its FY26E/FY27E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
