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Coromandel International Limited (COROMANDEL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹599B (≈ $6.4B) · ISIN INE169A01031

What is Coromandel International Limited really worth?

CI Coromandel International Limited COROMANDEL · NSE
Price₹1,939
Fair Value₹1,129
Upside−41.8%
Quality50/100

A solid business, but trading 72% above our fair value of ₹1,129.

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Risks

!Expensive Growth (revenue 5y +17.3 %/yr)
!Thin margins · 6.2% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (6/13)
!Moderate moat 53/100
!Weak on dividend: 19 out of 100

For context

·0.93% dividend yield
Evidence: High Range ₹846.90 – ₹1,412

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 22 days ago

Share price −7.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹1,412). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

₹2,678 ₹687.79 Fair Value ₹1,129 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹687.79 – ₹2,678 · fair‑value band ₹846.90 – ₹1,412 · the ₹1,939 price screens above the ₹1,129 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Coromandel International Limited (COROMANDEL) currently trades at ₹1,939, while our model-based Fair Value estimate is ₹1,129, implying the stock looks roughly 71.7% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,251 per share, and 1 of the 17 models we run sit above the ₹1,939 price. Bear case: the Asset-Based group reads lowest at ₹285.70, and 16 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Coromandel International Limited generated revenue of ₹315B at a net margin of 6.2%. Revenue grew 20.4% year over year. It earns a return on equity of 15.6%. Net debt stands at ₹10.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹846.90 (bear case) to ₹1,412 (bull case); at ₹1,939, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 9% fair-value upside, at −42%, COROMANDEL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹20.91 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence ₹680.75 ₹798.41 ₹902.99 74
Owner Earnings ₹477.43 ₹931.15 ₹1,801 72
ROIC Compounder ₹791.34 ₹1,123 ₹1,594 71
All 17 models by family
DCF Models
Owner Earnings ₹477.43 ₹931.15 ₹1,801 72
Earnings-Based
Graham-Dodd ₹451.68 ₹2,378 ₹3,292 63
Lynch FV ₹653.74 ₹933.91 ₹1,214 61
PEG = 1.0 ₹653.74 ₹933.91 ₹1,214 57
EPV best evidence ₹680.75 ₹798.41 ₹902.99 74
Dividend Discount
Gordon GGM ₹172.73 ₹377.11 ₹634.50 65
DDM Multi-Stage ₹172.73 ₹308.91 ₹393.00 66
Multiples
P/E Multiple ₹846.90 ₹1,129 ₹1,412 63
P/S Multiple ₹846.90 ₹1,129 ₹1,412 58
P/B Multiple ₹846.90 ₹1,129 ₹1,412 55
EV/EBIT ₹970.44 ₹1,289 ₹1,608 66
EV/EBITDA ₹833.08 ₹1,106 ₹1,379 67
EV/Revenue ₹842.92 ₹1,198 ₹1,553 53
Asset-Based
NCAV (Graham) ₹213.21 ₹285.70 ₹426.42 54
Economic Profit
Residual Income ₹458.59 ₹606.84 ₹1,932 64
ROIC Compounder ₹791.34 ₹1,123 ₹1,594 71
Growth Earnings
Growth-Adj P/E ₹875.78 ₹1,251 ₹1,626 67

Widest divergence: Growth Earnings (₹1,251) versus Asset-Based (₹285.70). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 29.2
P/S ratio 1.82 P/E × margin
EPS (TTM) ₹66.33 price ÷ EPS = P/E 29.2
Dividend yield 0.9% payout 27.1%
Net margin 6.2% FY2026
Return on equity 15.6% TTM
More key figures
Profitability
Return on assets (EBIT) 28.6% avg 5y
Operating margin 8.2% TTM
Growth
Revenue (TTM) ₹315B TTM
Revenue growth (YoY) +20.4% 3y avg +2.0%
EPS growth (YoY) −75.8%
Balance sheet & cash flow
Free cash flow −₹1.0B FY2026
Net debt ₹10.1B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 46

Profitability 59
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Coromandel International Limited provides agriculture solutions in India and internationally. It operates through the Nutrient and Other Allied Business, and Crop Protection segments.

Full company description

Coromandel International Limited provides agriculture solutions in India and internationally. It operates through the Nutrient and Other Allied Business, and Crop Protection segments. The company offers fertilizers, including GroPlus Pro Mg and Gromor Urea Super Phosphate; bio-products comprising MycoRitz and Grovibe; specialty nutrients, such as Pixibud, Pixigrow, Nano Urea, Areca Shakti, and Coffee Bliss; and crop protection products that include Caveco, Marvex, Prachand, Benofit, Rukawat X, Myconil, Eezykil Ultra, Cortus, Victini Z, and Toscee. It also provides value-added services, including drone spraying, soil testing, crop diagnostics, and weather insights, as well as e-commerce platform for advisory and ordering. The company was formerly known as Coromandel Fertilisers Ltd and changed its name to Coromandel International Limited in September 2009. Coromandel International Limited was incorporated in 1961 and is based in Chennai, India. Coromandel International Limited operates as a subsidiary of E.I.D.- Parry (India) Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Coromandel International Limited reported revenue of ₹315B in FY2026 versus ₹191B in FY2022, a compound +13.3%/yr. Reported net income was ₹19.6B in FY2026, compounding +6.4%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹315B
Latest YoY
+30.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.3%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.4%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.9% (8.0 + 0.9)
Revenue +13.3%/yr
FY22 ₹191B
FY23 ₹296B
FY24 ₹221B
FY25 ₹241B
FY26 ₹315B
Net income +6.4%/yr
FY22 ₹15.3B
FY23 ₹20.1B
FY24 ₹16.4B
FY25 ₹20.7B
FY26 ₹19.6B
Character of growth · EPS growth decomposed (2015-2026) +18.3 % p.a.
Revenue per share +9.9 %

of which total revenue +10.0 % · buybacks/dilution −0.1 %

EBIT margin −3.2 %
Tax rate +1.1 %
Residual (interest, one-offs) +10.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

COROMANDEL screens 72% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "Coromandel International Limited Fair Value". https://www.fairvalue-calculator.com/stock/COROMANDEL

Peer Group

Agricultural Inputs · 175 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −42% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 20% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/E (TTM) 29.2× · Pricier than 75% of peers
P/B 4.77× · Pricier than 75% of peers
P/S (TTM) 1.90× · Pricier than 75% of peers
EV/EBITDA 17.9× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 24
FUTURE100 · sector 45
PAST62 · sector 25
HEALTH100 · sector 97
DIVIDEND19 · sector 40

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $78.57 $27.81 −65%
Nutrien Ltd NTR C$103.71 C$113.16 +9%
Qinghai Salt Lake Industry Co 000792 ¥27.65 ¥21.26 −23%
CF Industries Holdings CF $125.79 $161.00 +28%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 437.20 kr 630.39 +44%
Yunnan Yuntianhua Co 600096 ¥31.58 ¥42.12 +33%
The Mosaic Company MOS $23.60 $28.68 +22%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥45.86 ¥38.01 −17%
ICL Group ICL $5.47 $2.98 −46%

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Frequently asked questions

Is Coromandel International Limited (COROMANDEL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,129 versus a price of ₹1,939, about −42% upside (overvalued).
What is the fair value of COROMANDEL?
Our model-based fair value for Coromandel International Limited is ₹1,129 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹1,939.
What is the quality score of COROMANDEL?
Coromandel International Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Coromandel International Limited (COROMANDEL)?
Coromandel International Limited reported trailing-twelve-month revenue of about ₹315B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of COROMANDEL?
The net profit margin of Coromandel International Limited is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Coromandel International Limited pay a dividend?
Coromandel International Limited currently shows a dividend yield of about 0.93% relative to its recent price (as of Aug 13, 2026).
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