Coromandel International Limited (COROMANDEL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+51.8%

₹2,710.04

vs ₹1,785.00 price

Levered DCF

₹2,221.92

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	28.76×	29.22×	19.97×	12.83×	15.35×	17.08×	15.01×	20.13×
P/B	4.48×	5.45×	3.48×	3.27×	3.7×	4.42×	3.71×	4.33×
P/S	1.79×	2.51×	1.49×	0.87×	1.23×	1.61×	1.22×	1.1×
EV / EBITDA	17.83×	22.43×	13.17×	8.05×	10.46×	11.03×	9.68×	10.86×
Gross margin	19.8%	25.3%	24.8%	20.3%	25.1%	31.1%	30.6%	28.9%
Operating margin	8.5%	21.8%	21.5%	18.0%	21.8%	27.2%	26.9%	25.2%
Net margin	6.2%	8.6%	7.4%	6.8%	8.0%	9.4%	8.1%	5.4%
Current ratio	1.51×	1.89×	2.07×	1.75×	1.87×	1.98×	1.45×	1.24×
Debt / equity	0.52×	0.07×	0.05×	0.05×	0.06×	0.07×	0.47×	0.88×
Interest coverage	7.83×	20.05×	25.45×	28.05×	55.32×	36.44×	14.99×	13.31×
Dividend yield	0.9%	0.6%	0.6%	1.4%	1.5%	2.3%	0.8%	1.6%
Payout ratio	27.0%	17.1%	11.3%	17.5%	23.0%	39.7%	11.6%	31.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.6%	18.6%	17.4%	25.5%	24.0%	25.8%	24.7%	21.5%
Return on invested capital	9.8%	32.7%	35.3%	47.3%	45.5%	51.0%	42.4%	34.4%
Return on assets	8.0%	10.9%	10.4%	14.1%	13.5%	14.9%	10.5%	6.8%
Free cash flow yield	-0.2%	2.7%	2.7%	-0.1%	7.7%	17.4%	10.0%	1.7%
Earnings yield	3.5%	3.4%	5.0%	7.8%	6.5%	5.8%	6.6%	5.0%
Enterprise value	₹622.9B	₹609.1B	₹321.9B	₹248.8B	₹232B	₹224.6B	₹179.9B	₹173.5B
Net debt / EBITDA	1.73×	0.19×	-0.26×	-0.32×	-0.14×	-0.15×	1.06×	1.77×
Cash conversion cycle (days)	31	-7	7	35	40	2	106	117