{"id":10074,"date":"2016-10-15T12:43:46","date_gmt":"2016-10-15T07:13:46","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=10074"},"modified":"2018-07-13T18:08:31","modified_gmt":"2018-07-13T12:38:31","slug":"coromandel-international-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/coromandel-international-ltd\/10074","title":{"rendered":"Coromandel international Ltd."},"content":{"rendered":"<p><strong>Good monsoon to turn the tide.<\/strong><\/p>\n<p style=\"text-align: justify;\">Coromandel International Limited (Coromandel) is India\u2019s second largest\u00a0Phosphatic fertilizer player. Coromandel manufactures a wide range of\u00a0fertilizers and markets around 3.4mn tons making it a leader in its addressable\u00a0markets. It is also engaged in the business of other farm inputs comprising of\u00a0crop protection, specialty nutrients and organic compost.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #3ba010; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\"><strong>Valuation &amp; View<\/strong><\/p>\n<p style=\"text-align: justify;\">We expect revenue and PAT to grow at a CAGR of 5.4% &amp; 34.3%\u00a0respectively over FY16-18E. Further, EBITDA margin is expected to improve by\u00a0180bps on account of rising contribution from non-subsidy business of crop\u00a0protection chemicals &amp; specialty nutrients coupled with increasing capacity\u00a0utilization for fertilizers. Hence, we initiate Coromandel with a BUY rating with\u00a0a TP of Rs.312 based on 15x FY18E EPS.<\/p>\n<p style=\"text-align: justify;\">Research Report Coromandel International Ltd.<\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good monsoon to turn the tide. Coromandel International Limited (Coromandel) is India\u2019s second largest\u00a0Phosphatic fertilizer player. Coromandel manufactures a wide range of\u00a0fertilizers and markets around 3.4mn tons making it a leader in its addressable\u00a0markets. It is also engaged in the business of other farm inputs comprising of\u00a0crop protection, specialty nutrients and organic compost. Open a [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coromandel international Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Coromandel International Ltd. 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