Mirae Asset Sharekhan's research report on Coromandel International
Coromandel’s focus on backward integration and investment in the CDMO segment, specialty chemicals and drone business would drive long-term growth. The company has been delivering strong results for the last few quarters. Q1FY26 revenue of Rs. 7,042 crore (up 48.9% y-o-y) was led by both Nutrient & Allied business and the Crop Protection business. Operating profit of Rs. 782 crore (up 55% y-o-y) was led by the revenue growth and rise in margin in the CPC business..
Outlook
We maintain a Buy with an unchanged PT of Rs. 2,535, assigning a multiple of 26x on FY27 EPS due to backward integration and increasing presence in non-fertilizer business. At CMP, the stock trades at a valuation of 28x/23x 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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
