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Coromandel International Ltd - Q4FY20 Result update
Jun. 8, 2020
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IndiaCoromandel International (CRIN) is one of the leading private sector fertilizer producers in the country with significant presence in South India. They are one of the leading producers of NPK and SSP grade fertilizers.
- Q4FY20 revenues grew by 9% YoY, led by 7% growth in Nutrient and other allied business and 22% growth in crop protection business (CPC).
- During the year EBITDA margins grew to 13.2% vs 10.9% in FY19 as increase in sale of high margin complex fertilizers, debottlenecking of plants and soft raw material prices aided margin expansion.
- The Company expects the recent ban on pesticides to be overturned, CRIN sells 4 out of the 27 molecules banned
- With the expectation of a normal monsoon, backward integration and new launches, it's expected net profit CAGR of 12% over FY20-FY22E
[ Survey ]
Join AgroPages TOP 20 India Agrochemical Companies ranking list in FY2019-20
Top 20 Indian Agrochemical Companies in FY 2018-19: Backwards Integration, Forwards “OpenAg”
Note：
1. The list of rankings focuses only on Indian native enterprises, excluding the branches of multinational companies in India.
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