Buy Coromandel International, target price Rs 1330: ICICI Direct
Coromandel International Ltd. with a target price of Rs 1330.
The current market price of Coromandel International is Rs 1106.45.
Coromandel International Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 32549.62 Crore) operating in Fertilisers sector.
Coromandel International Ltd.
key Products/Revenue Segments include Subsidy, Ammonium Phosphatic Fertilizers, Crop Protection, Others Items, Urea, Single Super Phosphate (SSP), Muriate Of Potash (Trading) for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 7032.92 Crore, up 22.57 % from last quarter Total Income of Rs 5737.89 Crore and down -30.67 % from last year same quarter Total Income of Rs 10144.50 Crore.
Company reported net profit after tax of Rs 758.37 Crore in latest quarter.
Promoter/FII Holdings Promoters held 57.33 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.18 per cent, DIIs 21.1 per cent.
