Coromandel International (COROMANDEL) Investor Presentation summary

Company overview and history

• Flagship of Murugappa Group, contributing 38% of group revenue with $9.3B turnover and $0.9B net profit; operates 29 businesses and 98 manufacturing locations.

• Over a century in agri-business, with major milestones including backward integration, global sourcing, and expansion into agrochemicals and retail.

• Delivers integrated farm solutions to 20 million farmers via 13,000 channel partners and 800+ retail stores across India.

Financial performance and shareholder returns

• Revenue grew from ₹10,053 Cr (FY14) to ₹29,628 Cr (FY23), with PAT rising from ₹365 Cr to ₹2,013 Cr; 8% CAGR in revenue and 16% in PAT.

• 5-year annualized stock return of 23% vs Nifty 50's 15%; market cap at ₹526B as of Nov 2024.

• Maintains a strong balance sheet with zero net debt and AAA credit ratings.

• Consistent dividend payouts and robust cash generation.

Business segments and operations

• Largest private NPK and SSP fertilizer producer, with 3.5M ton NPK and 1M ton SSP capacity; strong presence in South India.

• Crop protection business is the 6th largest in India, with 20 technicals, 1,000+ global registrations, and exports to 80 countries.

• Specialty nutrients and bioproducts divisions lead in organic and neem-based products, with significant R&D and export presence.

• Retail network is India's largest agri-retail chain, directly connecting with 3.3 million farmers and achieving 98% store profitability.