Loading…
← CockpitCompetitor Analysis › COROMANDEL.NS Coromandel InternationalOpen in the cockpit ↗

Coromandel InternationalCOROMANDEL.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Chemicals: Specialty

Major Indian manufacturer of phosphatic fertilizers, crop protection chemicals and specialty nutrients, part of the Murugappa Group.

≈ India's Mosaic and FMC combinedMomentum neutral 44
Mkt cap
$5.69B
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$3.51M
20-day average traded
Fwd P/E
27.3×
forward earnings
ROIC−WACC
+0.5 pp
WACC 14.1%
Hurdle
n/a
no reverse DCF
Close · INR₹1,824
1D-4.0%
1W+7.5%
1M+4.5%
3M-12.4%
6M-7.2%
YTD-19.5%
1Y-16.1%
ATR %3.5%
Beta1.03
52w lowhigh27.0% off high

What Coromandel International does

Major Indian manufacturer of phosphatic fertilizers, crop protection chemicals and specialty nutrients, part of the Murugappa Group.

Fertiliser profit combines sales to farmers through dealers and its own Mana Gromor retail centres with government subsidy payments set under India's nutrient-based scheme, so policy and imported raw-material costs, such as phosphoric acid and ammonia, matter. Crop-protection chemicals are the second leg, sold in India and exported.

In one line: India's Mosaic and FMC combined.

Products and services

  • Phosphatic (NPK) fertilizers
  • Crop protection chemicals
  • Specialty nutrients

Customers

  • Indian farmers (via dealer/retail network)
  • Agricultural distributors

Where it sits in the supply chain

  • Materials
  • Agricultural chemicals
  • Fertilizers & crop protection - India

What could go right

  • Government fertilizer subsidy support
  • Crop protection exports growth

What could go wrong

  • Raw material (phosphoric acid) import cost/currency risk
  • Monsoon-dependent farm demand

Moat: narrow (brand, distribution, scale). An established rural distribution network and manufacturing scale under the trusted Murugappa Group umbrella.

Headquarters: Chennai, India · Founded: 1961 · Employees: 21,464

Named competitors

Coromandel International at a glance

Size Coromandel International (COROMANDEL.NS) is an India Materials company (Chemicals: Specialty) with a market value of $5.69B, the 195th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,824 on 6 Nov 2026.

Performance Over six months the shares fell 7.2%, against -10.1% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 23.5% over the last twelve months (peer median +10.6%); the operating margin is 7.9% (peer median 15.1%).

Valuation It trades at 27.3× forward earnings against a peer median of 22.1× (8th most expensive of 20).

Capital Return on invested capital runs 0.5 points above its cost of capital (14.1% WACC).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026COROMANDEL.NS 95Peer median 90
Six months, rebased to 100: Coromandel International against the median of its 20 peers (local-currency closes).

Coromandel International financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹326B₹203B₹160B₹139B₹151B
Revenue growth—+27%+15%-8%—
Gross profit₹62.5B-₹56.2B-₹35.4B-₹41.3B-₹98.5B
EBITDA₹31.9B-₹76.9B-₹53.4B-₹56.7B-₹114B
Net income₹18.3B₹19.6B₹20.7B₹16.4B₹20.1B
Free cash flown/a-₹1.00B₹16.6B₹8.47B-₹230M
Capital expendituren/a₹15.4B₹8.51B₹5.27B₹6.05B
Total debtn/a₹65.3B₹7.80B₹4.92B₹3.93B

Quarterly statements and history in the cockpit →

Coromandel International competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%-10%0%+10%60035240213003900148002601601216FLUOROCHEM603260300037LINDEINDIAMX600378CENEUSOL4005NAVINFLUORDESNCRDA603650COROMANDEL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Coromandel International is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%0×50×100×60035240213003900148002601601216FLUOROCHEM603260300037LINDEINDIAMX600378CESOLNAVINFLUORDESN603650COROMANDEL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Coromandel International is the large dot.

Coromandel International competitors and peer comparison

Head to head with its named competitors (COROMANDEL.NS vs FACT.NS vs CHAMBLFERT.NS vs UPL.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Coromandel International COROMANDEL.NS$5.69B-7%+24%8%27.3×n/a
Fertilizers & Chemicals Travancore FACT.NS$5.14B-18%+32%0%n/an/a
Chambal Fertilisers & Chemicals CHAMBLFERT.NS$1.63B-15%+6%12%7.2×n/a
UPL UPL.NS$4.78B-18%+10%14%14.8×10.9%

How Coromandel International compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Coromandel International against its 20 peers (data as of 6 Nov 2026)
MeasureCOROMANDEL.NSPeer medianRank in peer set
1-month return+4.5%-3.0%8th highest of 21
6-month return-7.2%-10.1%9th highest of 21
Distance from 52-week high-27.0%-30.2%9th highest of 21
Revenue growth (TTM)+23.5%+10.6%6th highest of 21
Operating margin7.9%15.1%4th lowest of 21
Forward P/E27.3×22.1×8th most expensive of 20
ROIC minus cost of capital+0.5 pp-0.1 pp10th highest of 21
EV / EBITDA16.9×12.5×5th most expensive of 13
Net debt / EBITDA1.3×1.2×6th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Coromandel International COROMANDEL.NSIndia$5.69B-7%+24%8%27.3×n/an/a
Zhejiang Longsheng 600352.SSChina$5.70B-11%-1%19%13.7×-5.2%-3.1%
Nissan Chemical 4021.TJapan$5.72B0%+10%23%15.9×9.3%+6.0%
Canmax Technologies 300390.SZChina$5.62B-64%+98%27%7.3×n/an/a
Kingboard 0148.HKHong Kong$5.78B-17%+19%15%5.0×n/an/a
LB Group Co., Ltd. Class A 002601.SZChina$5.58B-8%+7%7%22.4×5.0%+12.9%
Inner Mongolia Junzheng Energy & Chemical 601216.SSChina$5.92B-16%+3%11%12.0×-3.4%+11.3%
Gujarat Fluorochemicals FLUOROCHEM.NSIndia$5.42B+23%+20%17%53.0×n/an/a
Hoshine Silicon Industry 603260.SSChina$5.32B-33%-7%-6%41.7×22.5%+18.5%
Shenzhen Capchem Technology 300037.SZChina$6.16B-21%+72%13%19.0×19.3%+26.6%
Linde India LINDEINDIA.NSIndia$6.20B-13%+13%22%97.2×47.9%+11.5%
Methanex MX.TOCanada$5.18B+12%+31%23%6.9×-9.4%+7.1%
Haohua Chemical Science & Technology 600378.SSChina$6.29B-9%+20%9%22.1×11.0%+25.2%
Celanese CEUnited States$5.10B-19%+1%9%7.6×5.3%+11.0%
NewMarket NEUUnited States$6.39B+1%+1%20%n/a-0.8%+6.3%
SOL SOL.MIItaly$6.39B+6%+9%14%30.5×16.9%+12.8%
Sumitomo Chemical 4005.TJapan$4.93B-7%-2%5%6.9×1.1%+0.4%
Navin Fluorine International NAVINFLUOR.NSIndia$4.89B+27%+46%30%45.6×34.0%+22.7%
Dottikon ES DESN.SWSwitzerland$4.72B-24%+11%27%37.6×12.6%+14.4%
Croda International CRDA.LUnited Kingdom$6.88B+31%+3%16%23.3×19.9%+4.1%
Red Avenue New Materials 603650.SSChina$4.70B-12%+24%9%40.7×n/an/a

Questions

Who are Coromandel International's main competitors?
Named competitors: Fertilizers & Chemicals Travancore (FACT.NS), Chambal Fertilisers (CHAMBLFERT.NS), UPL Limited (UPL.NS). The cockpit's measured peer set (industry) also includes Zhejiang Longsheng (600352.SS), Nissan Chemical (4021.T), Canmax Technologies (300390.SZ), Kingboard (0148.HK), LB Group Co., Ltd. Class A (002601.SZ), Inner Mongolia Junzheng Energy & Chemical (601216.SS).
Is Coromandel International expensive compared with its peers?
On forward p/e it trades at 27.3× against a peer median of 22.1×, 8th most expensive of 20 in its peer set.
How has Coromandel International stock performed?
Over six months to 6 Nov 2026 the shares returned -7.2% against -10.1% for the median peer; over one year -16.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.