Coromandel International Ltd (COROMANDEL)

Coromandel International Slips After Initial Gains on Rural Development Allocation - 23 Jul, 2024

Shares of Coromandel International Ltd initially rose up to 5% following an increase in allocation for rural development, but later slipped into the red due to profit booking by investors. Additionally, the stock traded 0.34% lower than its previous close after the announcement of a Rs 1.52 lakh crore provision for agriculture and allied sectors.

Coromandel International Increases Stake in Coromandel Crop Protection Philippines - 19 Jul, 2024

Coromandel International has increased its stake in Coromandel Crop Protection Philippines from 40% to 93.23%, making it a subsidiary. The investment is intended to gain control of the market/channel by owning registration/brands and establishing direct access to the channel.

Coromandel International's ROE Impresses Analysts - 12 Jul, 2024

Coromandel International's stock has increased by 39% over the past three months. The company's ROE is impressive, with a moderate 18% net income growth seen over the past five years. Coromandel International retains most of its profits to grow the business and pays dividends consistently for at least ten years. Analysts estimate that the company will keep paying out approximately 17% of its profits over the next three years, which suggests that the ROE is not expected to change much.

Coromandel International Launches New Magnesium-Fortified Fertiliser - 28 Jun, 2024

Coromandel International has launched a new magnesium-fortified complex grade fertiliser, Paramfos Plus, which contains 0.6% magnesium and can be used on a wide variety of crops to improve both quality and yield.

Coromandel to Expand Capacity of Key Input Materials - 26 Jun, 2024

Coromandel International is investing Rs 1,000 crore to expand its capacity of phosphoric acid and sulphuric acid, key input materials, to reduce dependency on purchased phosphoric acid and generate additional EBITDA of Rs 350 crore.