Coromandel International Limited is one of India’s leading agri-solutions companies, with a dominant presence in fertilizers, crop protection, and biologicals. As the second-largest phosphatic fertilizer player and a global leader in azadirachtin-based bio-pesticides, Coromandel benefits from strong rural demand, government support for soil health, and rising farm incomes. Backed by Murugappa Group ownership and a near-debt-free balance sheet, the company has delivered consistent profit growth and capital efficiency. This article provides a fact-based outlook on its share price target for each year from 2026 through 2030.
Coromandel International: Company Overview
- Incorporated: 1948; listed since 1974
- Core Business Segments:
- Crop Nutrition (85% of revenue): Phosphatic & complex fertilizers, SSP, specialty nutrients
- Crop Protection (15%): Mancozeb, bio-pesticides, herbicides under 60+ brands
- Biologicals: World’s largest producer of azadirachtin (neem-based pesticide)
- Market Position:
- #2 in phosphatic fertilizers in India
- #1 in Single Super Phosphate (SSP) with ~15% market share
- Exports to USA, Canada, Europe, and Africa
- Ownership: 56.86% held by Murugappa Group, with strong institutional backing
Coromandel International: Key Financial Snapshot
| Metric | Value |
|---|---|
| Market Capitalization | ₹67,461.03 Cr |
| Current Share Price | ₹2,287 (as of Feb 2026) |
| P/E (TTM) | 30.07 |
| P/B (TTM) | 5.35 |
| Book Value (TTM) | ₹427.67 |
| EPS (TTM) | ₹76.04 |
| ROE | 19.05% |
| ROCE | 27.87% |
| Dividend Yield | 0.65% |
| Sales Growth (TTM) | 9.24% |
| Profit Growth (TTM) | 12.89% |
| Cash Reserves | ₹3,480.22 Cr |
| Debt | ₹0.18 Cr (effectively debt-free) |
| Face Value | ₹1 |
Coromandel Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹2,400 – ₹2,700 |
| 2027 | ₹2,600 – ₹3,000 |
| 2028 | ₹2,800 – ₹3,400 |
| 2029 | ₹3,000 – ₹3,800 |
| 2030 | ₹3,200 – ₹4,200 |
Coromandel International Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹2,400 | ₹2,700 |
- P/E of 30x is reasonable given 19% ROE and 28% ROCE
- Strong Q3 FY26 performance in fertilizer sales ahead of the Rabi season
- Risk: Fertilizer subsidy delays or erratic monsoon could impact rural demand
Coromandel International Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹2,600 | ₹3,000 |
- Expected benefit from expansion in specialty nutrients and organic fertilizers
- Export growth in bio-pesticides (azadirachtin) adds margin upside
- The dividend yield of 0.65% (payout ratio ~20%) offers minor income support
Coromandel International Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹2,800 | ₹3,400 |
- By 2028, the cumulative effect of digital farmer engagement (e.g., “Ugaoo” platform) should improve reach
- ROCE (27.9%) justifies a premium valuation if sustained
- Execution risk: Input cost volatility (phosphoric acid, sulfur) may pressure margins
Coromandel International Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹3,000 | ₹3,800 |
- Long-term tailwinds from India’s focus on soil health, micro-nutrients, and sustainable farming
- Near-zero debt and ₹3,480 Cr cash provide strategic flexibility for M&A
- Institutional ownership (DII + FII = 30.46%) ensures liquidity
Coromandel International Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹3,200 | ₹4,200 |
- If Coromandel sustains 25%+ ROCE and expands export share to 30%, ₹4,000+ is achievable
- However, targets beyond ₹4,300 require a breakthrough in contract farming—not currently visible
- Success hinges on policy stability and monsoon consistency
Coromandel International: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Murugappa Group) | 56.86% |
| Domestic Institutions (DII) | 16.67% |
| Foreign Institutions (FII) | 13.79% |
| Public (Retail) | 12.67% |
| Others | 0% |
Coromandel International: Strengths vs Risks
Strengths
- Effectively debt-free with ₹3,480 Cr cash
- High ROCE (27.9%) and ROE (19%)—best-in-class in the agri sector
- Strong brand equity in Andhra Pradesh, Telangana, and Maharashtra
- Global leadership in azadirachtin and mancozeb
Risks
- Agricultural dependency: Vulnerable to monsoon variability and rural distress
- Government policy risk: Fertilizer subsidy delays or price controls
- Modest sales growth (9.2%) limits re-rating potential
- Low dividend yield (0.65%) offers no income cushion
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Time Horizon | Long-term (5+ years) |
| Volatility | Moderate (linked to agri cycle) |
| Dividend/Income | Low yield (0.65%) |
| Ideal Investor | Thematic investor betting on India’s food security and sustainable farming future |
FAQs
A: A realistic range is ₹2,400 to ₹2,700, assuming stable rural demand and no major subsidy disruptions.
A: Credible estimates suggest ₹3,200 to ₹4,200 by 2030, contingent on ROCE sustainability and export growth.
A: Reliable forecasts beyond 2030 are not possible. Such long-term projections are speculative and not based on verifiable data.
A: The Murugappa Group holds 56.86%, with the rest held by institutions and public shareholders.
A: Yes. It has a consistent dividend history with a current yield of 0.65% and a payout ratio of ~20%.
A: The stock corrected due to monsoon uncertainty, fertilizer subsidy payment delays, and broader agri-sector consolidation.
A: Yes. It carries only ₹0.18 crore in debt, making it effectively debt-free with strong cash reserves.
Final Verdict
Coromandel International is a high-quality agri-business with unmatched scale in fertilizers and bio-pesticides. Its 27.9% ROCE, debt-free status, and Murugappa backing make it a rare compounder in the rural economy space. While its valuation is fair, agricultural cyclicality demands patience. Our 2026–2030 price targets (₹2,400–₹4,200) reflect balanced optimism—rewarding quality while respecting sector headwinds. Best suited for investors with a 5-year horizon who believe in India’s farming transformation.
Disclaimer: This article is for educational purposes only. It is not investment advice. Please consult a SEBI-registered advisor before making any investment decision.
Sources
- Screener.in – Coromandel International Ltd (Consolidated Financials)
- Finology.in – Company Essentials
- BSE India – Shareholding Pattern (Q3 FY2026)
- Coromandel Annual Report FY2025
- Investor Presentation – Q2 FY2026 Results
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
