Coromandel International: Can this stock make a place in your portfolio ? Running Like Multibagger.

The stock of Coromandel International, one of India’s leading agro-chemical companies, has attracted significant investor interest due to its strong financial performance and market position. A fundamental analysis reveals whether it is a prudent investment choice.

Financial Performance Overview

For the financial year ending March 2024, Coromandel International reported total sales of ₹22,058 crore and an operating profit of ₹2,380 crore, indicating a stable operating profit margin of 11%. The net profit reached ₹1,641 crore, translating to an earnings per share (EPS) of ₹55.78, showcasing the company’s ability to deliver attractive returns.

Quarterly Insights

In September 2024, the company’s quarterly sales hit ₹7,433 crore, with a 13% operating profit margin. The net profit for this quarter stood at ₹659 crore, reflecting strong management efficiency.

Shareholding Structure

Coromandel’s shareholding pattern indicates robust promoter confidence, with 57.32% held by promoters and significant investments from domestic and foreign institutional investors. This balanced stake enhances financial stability and investor confidence.

Conclusion

Coromandel International appears to be a stable investment option, supported by strong fundamentals and prudent financial management. However, potential investors are advised to consult financial advisors before making investment decisions.