Coromandel International Ltd - Stock Valuation and Financial Performance

BSE: 506395 | NSE: COROMANDEL | Fertilizers | Mid Cap

Coromandel Interntl. Share Price

1,813 26.15 1.46%
as on 03-Feb'25 16:59

DeciZen - make an informed investing decision on Coromandel Interntl.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Coromandel International stock performance -

P/E Ratio (CD):
31.96
Market Cap:
52,644.5 Cr.
52-wk low:
1,025.1
52-wk high:
1,977.1

Is Coromandel International Ltd an attractive stock to invest in?

1. Is Coromandel International Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Coromandel International Ltd is a good quality company.

2. Is Coromandel International Ltd undervalued or overvalued?

The key valuation ratios of Coromandel International Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Coromandel International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Coromandel International Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Coromandel Interntl.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Coromandel International Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 18.6%15.3%18%22.6%22.5%26.3%34.1%36.9%40.5%27.3%-
Value Creation
Index
0.40.10.30.70.71.02.02.32.61.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11,30611,48110,03111,08313,22513,13714,18219,11129,62822,05823,010
Sales YoY Gr.-1.6%-12.6%10.5%19.3%-0.7%8%34.8%55%-25.6%-
Adj EPS 18.216.818.824.928.939.446.653.772.256.555.9
YoY Gr.--7.7%11.8%33%16%36.3%18.3%15.3%34.4%-21.7%-
BVPS (₹) 75.690.49998.7114.3146.9175.2216.2268.6319.5362.2
Adj Net
Profit
5294885477298461,1541,3671,5772,1221,6641,647
Cash Flow from Ops. 86.118.49152635261,8624,1502,0785911,428-
Debt/CF from Ops. 26.6145.62.410.45.60.90000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.7%10.8%15.9%-25.6%
Adj EPS 13.4%14.4%6.7%-21.7%
BVPS17.4%22.8%22.2%19%
Share Price 20.9% 23.5% 30.4% 68.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
23.620.219.825.22730.128.927.429.819.216.4
Op. Profit
Mgn %
9.18.510.811.812.114.214.411.610.411.110.8
Net Profit
Mgn %
4.74.35.56.66.48.89.68.37.27.57.2
Debt to
Equity
110.810.90.40000-
Working Cap
Days
179210249237226229175123105155107
Cash Conv.
Cycle
6278877687672525275554

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.86%

Return on Equity has declined versus last 3 years average to 16.40%

Net Profit has been subdued in last 3 years 6.66%

Sales growth is not so good in last 4 quarters at -3.05%

Latest Financials - Coromandel International Ltd.

Standalone Consolidated
TTM EPS (₹) 59.8 55.9
TTM Sales (₹ Cr.) 22,971 23,010
BVPS (₹.) 365.7 362.2
Reserves (₹ Cr.) 10,746 10,642
P/BV 4.89 4.93
PE 29.89 31.96
From the Market
52 Week Low / High (₹) 1025.05 / 1977.10
All Time Low / High (₹) 1.60 / 1977.10
Market Cap (₹ Cr.) 52,645
Equity (₹ Cr.) 29.5
Face Value (₹) 1
Industry PE 17.2

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 1,423 17.21,543 20.11,707 25.31,868 40
Adj EPS (₹) 2.6 0.42.4 -1.62.9 1.83 0.3
Op. Profit Mgn % 26.81 -121 bps25.11 -115 bps26.39 -203 bps26.72 -218 bps
Net Profit Mgn % 17.68 -298 bps15.31 -337 bps16.50 -380 bps15.54 -613 bps

Management X-Ray of Coromandel Interntl.:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:56.97%Institutions:29.33%Non-Institutions:13.71%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.040.040.010.010.010.010.010.010.010.01
* Pledged shares as % of Promoter's holding (%)

Valuation of Coromandel Interntl.

MRP
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MOS
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DP
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Base EPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Coromandel International: Q2FY25 result update - 06 Nov 2024

Coromandel reported steady results; decline in margins and profit was due to base quarter having un-usually low material costs. 

Conference call highlights:

  • Coromandel’s board approved capital projects amounting to ~Rs.800 crore (majority brownfield). Key initiatives include expanding the granulation facility in Kakinada, Andhra Pradesh, adding 7.5 lakh tons per year capacity for producing complex fertilizers (existing capacity 22.5 lakh tons).
  • Additionally, the company is establishing a new multi-product plant (MPP) in Ankleshwar, Gujarat, to manufacture recently off-patented fungicides, among other products. The proposed MPP will further enhance Coromandel’s backend manufacturing capabilities and help meet the growing demand for the identified products in both domestic and export geographies (focusing on Latin America market). Backward integration will also support the company’s fertilizer production capacity by reducing reliance on imports.
  • The company also increased its investment in Baobab Mining Chemical Corporation (BMCC; raw material- phosphate is mined) in Senegal by acquiring an additional 8.8% stake, bringing its total ownership to 53.8%. 
  • The retail division has also expanded significantly, with 45 new retail outlets added in the first half of FY25, totalling to 750+. Additionally, Coromandel’s drone services for crop spraying have been scaled up, covering 40,000 acres.
  • Outlook- Company is increasing its effort to cater to North Indian markets for entire product basket (fertilizer as well as crop protection solutions). Looking ahead, Coromandel is optimistic, with favorable agricultural environment (above-normal monsoon conditions coupled with increasing MSP in coming Rabi season) expected to drive growth in the coming quarters. 

Coromandel International: Q2FY24 result update - 04 Nov 2023

                        

Particulars

Q2FY24 (Rs. Crs)

YoY Trend

Comments

Revenue

6,988

-31%

Base quarter was on a high base, reduction in subsidy and lower volumes impacted nutrients segment, crop protection revenues increased marginally 
EBITDA

1,059

Flat

 
EBITDA Margin

15%

+470 bps

Increase in nutrient segment margins  
PAT

757

+2%

Lower interest cost and higher other income contributed to margins 

Resilient performance.     

Coromandel International: Q1FY24 Result Update - 28 Jul 2023

Particulars

Q1FY24

YoY trend

Comment

Revenue

5,693

-1%

Flattish growth

EBITDA

706

+3%

 

EBITDA Margin

12%

+44 bps

Flattish margin

PAT

494

-1%

 

Steady performance on back of strong volumes and sustained margins despite challenging business environment.

 

Coromandel International Ltd. - 23 Jun 2023

Fertilizers and Crop Protection industry:

The global crop protection chemicals market is projected to register a CAGR of 11.9% during the period 2022-2027. With the impact of COVID-19, there have been increased trends toward sustainability and environmental solutions such as biologics. The Indian fertilizers market is estimated to record a CAGR of 6% during the forecast period (2021-2027). The Indian fertilizer market reached a value of $18 Billion in 2021 (McKinsey).

In the present scenario, the Niti Aayog states that 56 large plants produce nitrogenous, phosphatic and complex fertilisers and 72 medium and small fertilizer production units under the Indian fertilizer industry, which have single super Phosphate (SSP). The main products manufactured by the fertilizer industry in India are phosphate-based fertilizers, nitrogenous fertilizers, and complex fertilizers. With its rapid growth, the fertilizer industry in India is all set to make a long-lasting global impression.

Over long term, growing population, declining arable land, food security, and the need for augmented agricultural productivity are the significant factors driving the demand for higher agricultural output, thus boosting the growth of the crop protection industry globally.

About Coromandel International Ltd (CIL):

CIL, a flagship company of the Murugappa Group, operates in two segments: Crop protection (CPC) and Nutraceuticals and allied business (NAB). The NAB segment comprises i) phosphatic fertilisers (di-ammonium phosphate, complexes, single super phosphate, muriate of potash), ii) specialty nutrients and organic fertilisers (G sulphur, water soluble fertilisers, organic manure) and iii) the retail business that provides agri inputs and agri services. The CPC segment comprises technicals, formulations and biopesticides. Its facilities are spread across India, but are largely concentrated in south India.

The company has the capacity to manufacture over 3.5 million tonnes per annum of NPK (nitrogen, phosphorus & potassium)fertilisers and pesticides, and 1 million tonnes per annum of single super phosphate (SSP). The subsidised products are phosphatic fertilisers, while all the other businesses form non-subsidised products. It also has a capacity of ~80,000 TPA of crop protection compounds from 6 plant locations.

Financials of the company

Gross margins started improving from FY 2017, reason being smart outsourcing of raw materials and investments in strategic ventures like Tunisian Indian Fertilisers S.A., Tunisia (TIFERT). FY21 saw all time high input prices which put pressure on the margins which the company expects to normalise going further.

               

Source: Company Data, MoneyWorks4me.


CIL used to maintain a consistent ROE in the range of 21-24% till FY2017 which is seen improving to 25-28% primarily driven by consistent asset turnover. Coromandel has been consistently reducing its debt from internal accruals and is debt free now.

Key Financial Parameters:



Business of the company:

The company's business is divided among 2 main segments i.e. nutrient and other allied products (~85% of revenues) and crop protection (~15% of revenues).

Under the CPC business, the company sells a wide range of crop protection products under its 60+ brands based portfolio. It is 3rd largest manufacturer of mancozeb globally and exports accounts for ~37% of revenues of the business.

The company has a rich product pipeline with research on compounds from plant extracts and microbial bio-pesticidesIt is a leading manufacturer of azadirachtin in the world with ~65% export share. It exports to USA, Canada and Europe. The company operates ~750 retail centers where it sells own manufactured and labelled products such as Nutrients, crop pesticides, seeds, vet feed, farm implements, etc. It has significant presence in Andhra Pradesh, Telangana and Karnataka.

                 Source: Coromandel Investor Presentation

Key Managerial Person:

Mr. A Vellayan, Chairman
Mr. Vellayan holds a Bachelor’s Degree in Commerce from Shri Ram College of Commerce, New Delhi, Diploma in Industrial Administration from Aston University, UK and Masters in Business Studies from University of Warwick Business School, UK. 

Mr. Sameer Goel, Managing Director
Mr. Goel holds a Post Graduate Diploma in Management from IIM, Ahmedabad, and a Bachelor’s Degree in Economics from St. Stephens College, New Delhi. Under his leadership, Coromandel has shown all round growth in performance and employee engagement. The Company has become debt free and it has been rewarding to all stakeholders. He is on the board of International Fertilizer Association, representing South Asia, and on the board of Fertiliser Association of India.

 

Positives

  1. Diversified business mix:CIL is a complete farm solutions provider with presence across fertilisers; specialty nutrients; crop protection chemicals (CPC); bio-pesticides; water-soluble fertilisers, and other allied businesses, which it manages by its strong retail presence with over 750 Gromor-branded retail stores across India.
  2. Crop Protection Opportunity is large:India is underpenetrated in terms of crop protection which provides ample growth opportunity to catch up with global peers.


Source: Coromandel Investor Presentation

CIL has presence in the CPC segment with it’s network of 10,000+ dealers, 60+ brands sold across ~80 countries. CIL is investing in R&D, JV’s with global players for manufacturing, sourcing and development. 39% of its CPC sales are from exports which is expected to grow at 9% CAGR

Source: Coromandel Investor Presentation

 

  1. Strong Distribution:The company distributes its products through a network of ~20,000 dealers and 2,000+ strong market development team. The company has a presence across ~81 countries worldwide.
  2. Backward Integration:Partial backward integration to produce phosphoric acid (PA) and the capability to handle various grades of rock phosphates, thus largely shielding it from fluctuation in raw material prices.It also has strategic investment for Phosphoric acid sourcing in South Africa and Tunisia. During fiscal 2023, the company has further integrated its operations through investing in a rock phosphate mining company.
  3. Import Substitution Play: India is a net importer of sulphuric acid (a key raw material used to produce phosphoric acid from rock phosphate). India imports around 2 mn T of sulphuric acid every year. CIL is increasing its sulphuric acid capacity from existing 600,000 tonnes per annum to 1,100,000 Tonne p.a.
  4. Consistent Debt reduction:CIL does not have any long-term debt and the utilisation of short-term borrowings and the interest expenses have reduced. The company became net debt negative in FY21 and is expected to remain the same in the near-to-medium term. Key point to note is the reduction in debt was completely done from internal cash flows without any dilution

Risks:

  1. Proposed Ban on Few Pesticides/Molecules; Finalisation to have Marginal Impact on CPC Segment: The Ministry of Agriculture and Farmers' Welfare issued a draft order in May 2020 proposing to ban the manufacture and sale of 27 pesticides, including three molecules manufactured by CIL. The latter form a sizeable share of CPC segment’s revenues and profitability. We believe that impact on the operating profit would be limited, given that the NAB is the major contributor to the revenue and profit, and the company continues to work on introducing newer products/molecules in the CPC segment.
  2. Highly regulated industry: Impact on the operating profit and credit metrics would be limited, given that the NAB is the major contributor to the revenue and profit, and the company continues to work on introducing newer products/molecules in the CPC segment. CIL’s limited exposure to subsidy based fertilisers partially negates the overall regulatory impact.
  3. High dependence on imported raw materials: In the case of phosphatic fertilisers, the degree of import dependence is high with most raw materials such as phosphoric acid, rock phosphate, muriate of potash, sulphur and ammonia being imported. This increases the inherent business risks in the event of supply shortage and a depreciating rupee environment. However, backward integration and efficient sourcing  efforts by CIL can reduce the impact of raw material price volatility and supply side challenges

    

 

  1. El Nino: India is likely to be impacted by El-Nino this year, El Nino results in suppressed rainfall during the monsoon season. Poor rainfall can hamper demand and growth prospects for fertilizer and crop protection players.
  2. Delay in Subsidies from government: Any delay in subsidies disbursement can affect cashflows. However, while reading the conference call transcripts we understand that, the government is prompt in subsidy disbursal. CIL’s products have good demand so minimal inventory is stuck on the books and subsidies are received quickly.
  3. Russia-Ukraine War disrupting raw material supplies: India is a major importer of fertilisers from Russia. India depends heavily on imports for meeting its fertiliser raw materials (natural gas, sulphur and rock phosphate), intermediates (ammonia and sulphuric and phosphoric acids), and finished products (diammonium phosphate, potash and complex fertilisers) requirements. On an average, five million tonnes of phosphatic fertilisers are imported to India mostly from China, Morocco, Saudi Arabia, Russia and Jordan. 


Recent Developments


CIL recently announced a substantial investment of 1,000 crores in new multipurpose plants and diversifying into adjacencies such as CDMO (Contract Development and Manufacturing Organization) and Specialty Chemicals. The company intends to fund this capital expenditure program of 2,000 crores internally, utilizing its existing resources. Notably, 1,000 crores have already been invested in the chemicals business, including land acquisition and the establishment of three multipurpose plants.

The company's Nutrient and Allied business segment witnessed a significant revenue growth of 33% during the Q4 and 63% throughout the year. The market share including NPK and DAP, stood at 13.5% in Q4 and 15.4% for the full year. CIL aims to complete its CDMO and specialty chemical investments within 18-24 months, generating revenue of 2,000 to 3,000 crores with EBITDA margins of 16% to 18% for new molecules.

 

Key Ratios of Coromandel Interntl.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Coromandel Interntl. 1,813 26.2 (1.5%) Mid Cap 22,058 55.9 7.5 32 4.9
Fert Chem Travancore 896.8 -26.8 (-2.9%) Mid Cap 5,055 -1.1 6.2 - 45.9

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales11,30611,48110,03111,08313,22513,13714,18219,11129,62822,058
Operating Expenses 10,45310,7159,0489,82611,78211,40612,19816,96126,70219,660
Manufacturing Costs342317323370417430507592732629
Material Costs8,6378,7237,1217,6099,3409,0569,68814,21723,47316,482
Employee Cost 278292311362411461539587657698
Other Costs 1,1961,3831,2931,4861,6141,4591,4641,5651,8401,851
Operating Profit 8537679831,2561,4431,7311,9842,1502,9262,399
Operating Profit Margin (%) 7.5%6.7%9.8%11.3%10.9%13.2%14.0%11.2%9.9%10.9%
Other Income 57665560374075144171231
Interest 21022122417825123510675190187
Depreciation 10510610199114158173173182229
Exceptional Items -42500-2400000
Profit Before Tax 5925297121,0381,0931,3791,7862,0502,7012,188
Tax 190172235347372313457521688548
Profit After Tax 4023574776917201,0651,3291,5282,0131,641
PAT Margin (%) 3.6%3.1%4.8%6.2%5.4%8.1%9.4%8.0%6.8%7.4%
Adjusted EPS (₹)13.812.316.423.624.636.445.352.168.555.8
Dividend Payout Ratio (%)33%33%31%27%26%33%26%23%18%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2,2022,6332,8882,8873,3444,3055,1406,3467,8959,407
Share Capital 29292929292929292929
Reserves 2,1732,6042,8592,8583,3144,2765,1106,3177,8669,378
Minority Interest00000000027
Debt2,1062,6272,2282,7282,9541,62520552
Long Term Debt674400000000
Short Term Debt2,0392,5832,2282,7282,9541,62520552
Trade Payables3,0883,2332,9353,3793,7623,3482,9223,9145,3145,361
Others Liabilities 9666895948545138708321,0251,021999
Total Liabilities 8,3629,1828,6459,84810,57410,1498,89511,28514,23515,845

Fixed Assets

Gross Block2,2982,3312,4012,4892,5483,3993,5253,7253,9715,053
Accumulated Depreciation9191,0121,0731,1611,2391,3671,5101,6331,7701,941
Net Fixed Assets1,3801,3201,3281,3271,3092,0322,0152,0922,2003,112
CWIP 474222481916590141399235
Investments 352477388221201211214243287854
Inventories2,2592,3461,7252,2623,2412,6972,6013,6634,4164,613
Trade Receivables1,4461,6421,6221,5781,8241,7345542655891,394
Cash Equivalents 318198168555159787221,7531,4182,859
Others Assets2,5603,1583,3933,8563,6483,3302,6993,1274,9252,780
Total Assets 8,3629,1828,6459,84810,57410,1498,89511,28514,23515,845

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 86189152635261,8624,1502,0785911,428
PBT 5925297121,0381,0931,3791,7862,0502,7012,188
Adjustment 382414281329265535137140246216
Changes in Working Capital -746-751187-754-4603122695372-1652-358
Tax Paid -142-174-265-350-371-364-467-483-704-619
Cash Flow From Investing Activity -216-61-7932-597-222-1,257-1,622639-1,334
Capex -92-108-81-130-271-256-193-277-568-517
Net Investments -2-40-15-18-2-120-203-825
Others -122502177-30836-1,053-1,3451,4108
Cash Flow From Financing Activity -648-864-1-244-1,723-2,263-443-543-363
Net Proceeds from Shares 302175141442017
Net Proceeds from Borrowing -190-182-940000000
Interest Paid -216-214-228-180-251-240-72-34-152-149
Dividend Paid -163-88-140-281-229-123-528-352-353-186
Others 501491-404444232-1,373-1,678-61-58-46
Net Cash Flow -194-35-28294-315-8363014687-270
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)17.9314.7817.2823.9423.1327.8528.1526.6228.2718.96
ROCE (%)18.6115.3117.9522.6422.5126.3434.136.9340.5127.32
Asset Turnover Ratio1.441.331.141.21.31.271.491.892.321.47
PAT to CFO Conversion(x)0.210.051.920.380.731.753.121.360.290.87
Working Capital Days
Receivable Days474858524749298516
Inventory Days64727365768368605075
Payable Days58515253477785503242

Coromandel International Ltd Stock News

Coromandel International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Coromandel Interntl. on 03-Feb-2025 16:59 is ₹1,813.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Feb-2025 16:59 the market cap of Coromandel Interntl. stood at ₹52,644.5.
The latest P/E ratio of Coromandel Interntl. as of 03-Feb-2025 16:59 is 29.89.
The latest P/B ratio of Coromandel Interntl. as of 03-Feb-2025 16:59 is 4.89.
The 52-week high of Coromandel Interntl. is ₹1,977.1 and the 52-week low is ₹1,025.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Coromandel Interntl. is ₹22,971 ( Cr.) .

About Coromandel International Ltd

Coromandel International Limited is a limited company incorporated in India, equity shares of which are listed on the Bombay Stock Exchange and the National Stock Exchange in India. Its parent Company is E.I.D.-Parry (India) Limited. The Company is engaged in the business of farm inputs comprising fertiliser, crop protection, specialty nutrients and organic compost.

Business area of the company

The Company, India’s second largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products including Organic Fertilizers. The Crop Protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. Coromandel is the second largest manufacturer of Malathion and only the second manufacturer of Phenthoate.

Products & Services

  • Fertilisers
  • Crop Protection
  • Speciality Nutrients

Awards and Recognitions

2008-09

  • Certificate of Merit for the Kakinada Plant at the National Energy Conservation Awards, 2008 in Fertiliser Sector.
  • Fertiliser Association of India Award for Best Video Film on Gromor NPK 19:19:19 Water Soluble Fertilisers.
  • Visak, Kakinada and Ennore Plants received the commendation from CII for its strong commitment to excel in the CII-Exim Bank Business Excellence Award.

2009-10

  • Fertiliser Association of India Award for Best Production performance for Complex Fertilisers received by Kakinada Plant
  • Fertiliser Association of India - Environment Protection Award for Complex Plant at Visak
  • Visak and Kakinada Plants received the commendation from CII for its strong commitment to excel in the CII-Exim Bank Business Excellence Award

2010-11

  • Fertiliser Association of India Award for Best Operating Phosphoric Acid Plant received by Visak Plant
  • CII's National Award for excellence in Water Management was received by Visak Plant
  • Significant Achievement in HR Excellence at a National level by the Confederation of Indian Industries (CII).

2011-12

  • Company was awarded Significant Achievement in the CII-EXIM Bank Business Excellence Award - 2011.
  • Company was awarded Business Excellence Award by 'Industrial Economist' a business magazine.
  • Kakinada Plant received FAI Award for best overall performance of an operating fertiliser unit for complex fertilisers
  • Visakhapatnam Plant received the CII's National Water Management Award for Water Efficient Unit

2012-13

  • Company was awarded Significant Achievement in the CII-EXIM Bank Business Excellence Award 2012 and Significant Achievement in HR Excellence Award 2012.
  • Company received Institute of Directors Golden Peacock National Training Award for the year 2013.
  • Company was awarded 'Retail Marketing Campaign of the Year award' under Awards for Retail Excellence presented by ET Now.

2013-14

  • ‘India’s Best Board - 2013’ Award, instituted by Economic Times and Hay Group.
  • Dun & Bradstreet Corporate Awards 2012 - Top Indian company under the sector - fertilisers.
  • FAI Award on application of Information and Communication Technology (ICT) in Agriculture -2013’. The award was given in recognition of the pioneering efforts involving ICT in agriculture initiated by the retail division while discharging farmer extension services.
  • First prize in State Energy Conservation from the Government of Andhra Pradesh for commendable efforts towards significant improvement in conservation of energy.

2014-15

  • ‘Agriculture Leadership Awards 2014’ for empowering farms and farmers with agriculture inputs products and farm services.
  • CMO Asia Retail Excellence Award 2014 for Customer Loyalty Program initiative.
  • CII-ITC Sustainability Awards 2014 - Commendation for Significant Achievement in Environment Management - by the Ennore Plant.
  • India Manufacturing Excellence Award (IMEA) for Workplace Safety Management in Innovative category by Frost & Sullivan at Mumbai, for the Ennore Plant.

2015-16

  • CMO Asia Retail Excellence Awards - Retailer of the year (Rural Impact & CSR) and Retail Marketing Campaign of the Year (Organizational).
  • Commendation Award for the Kakinada Plant from Bureau of Energy Efficiency.
  • Best Performance for operating Phos Acid plant Award for the Vizag Plant from FAI.
  • Best Plant Award for Vizag Unit - Energy Efficient Unit Award from CII.

2016-17

  • ‘Best Management Award’ from Labour department, Andhra Pradesh Government for Vizag and Kakinada Plants
  • ‘Sustainable Waste & Resource Management’ award during India Sustainability Leadership Summit 2016
  • ‘CII Energy Efficient Unit Award 2016’ conferred for 3rd consecutive year to Vizag Unit
  • Recognition by United Nations Development Programme (UNDP): Documentary film, ‘Turning a factory into Bird Sanctuary’ covering Kakinada plant shot with the help of EGREE and put on UNDP website
  • ‘Community Development Award’ by World CSR Day

2017-18

  • Coromandel Kakinada & Visakhapatnam Units Bagged ‘Best Management Award’ in recognition of harmonious Industrial Relations, Industrial Productivity and commendable contribution for the welfare of workers, from Labour Department, Govt of AP
  • Coromandel Ennore and Visakhapatnam sites won 4 STAR award from CII – Southern region for its ‘EHS Excellence 2017’
  • Coromandel Visakhapatnam has won ‘Environment Protection award for Complex Fertiliser Plant with Captive acids’ from Fertiliser Association of India during the year
  • National CSR Awards from ‘Public Relations Society of India (PRSI)’ in the category of Best CSR project for Childcare for the intervention in the Pediatric ward in the Government General Hospital in Kakinada
  • ‘ET NOW CSR Leadership Award’ for Best CSR practices

2018-19:

  • FAI Best Operating Phosphoric Acid Plant 2018, awarded for the 5th consecutive time and overall 17 times in the past 24 years.
  • Coromandel Kakinada unit received the ‘National CSR Times Award’ for the ‘Birds Paradise’, under the Green & Environment Stewardship category
  • National & Global Awards for ‘Coffee Table Book: Kakinada Bird Paradise’ from Association of Business Communicators of India (ABCI) and Global Communicator awards, New York.
  • ET Now- CSR Leadership Awards for Best Social Responsibility Practices
  • Coromandel Vizag unit awarded CII Energy Efficient Unit Award 2018 for the 5th consecutive time

2019-20:

  • CII Exim Business Excellence: Platinum Classification
  • Dun & Bradstreet: Corporate Award
  • Award of Excellence for Voice Magazine and CSR Brochure by the Academy of Interactive and Visual Arts, New York
  • CSR Best corporate in health by CSR times
  • CSR Award: CSR Best overall excellence by Zee
  • Vizag and Ennore units have won the CII EHS Excellence Award from Southern Region and have been rated 3 stars.
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