Coromandel Engg.

Why is Coromandel Engineering Company Ltd falling/rising?

As of 24-Jun, Coromandel Engineering Company Ltd's stock price is Rs 60.24, reflecting a 1.83% decline. The stock has significantly underperformed, with a year-to-date drop of 41.95% and concerns over high debt levels and poor long-term growth prospects.

As of 24-Jun, Coromandel Engineering Company Ltd's stock price is falling, currently at Rs 60.24, which reflects a decrease of Rs 1.12 or 1.83%. The stock has been underperforming significantly, with a decline of 5.10% over the past week and a substantial drop of 22.93% over the past month. Year-to-date, the stock has plummeted by 41.95%, contrasting sharply with the Sensex, which has only decreased by 9.66% during the same period.<BR><BR>Today's performance indicates that the stock has underperformed its sector by 0.58% and has experienced a consecutive fall over the last three days, resulting in a total decline of 4.47% in that timeframe. The stock reached an intraday high of Rs 62.85 but also fell to a low of Rs 60.05, indicating volatility within the trading day. Additionally, the stock is trading below all key moving averages, which suggests a bearish trend.<BR><BR>Investor participation has also declined, with delivery volume dropping by 75.99% compared to the five-day average, indicating a lack of confidence among investors. The company's financial health raises concerns, as it has high debt levels with a debt-to-equity ratio of 3.58 times and a low return on equity of 1.55%. Furthermore, while net sales showed growth in the short term, the long-term outlook is poor, with an annual growth rate of -16.87% over the last five years and a significant profit decline of 25% over the past year. These factors contribute to the stock's current downward trajectory.

Which are the latest news on Coromandel Engg.?

How big is Coromandel Engg.?

As of 10th June, Coromandel Engineering Company Ltd has a market capitalization of 195.00 Cr, classified as a Micro Cap, with recent net sales of 43.08 Cr and a net profit of 0.16 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Coromandel Engineering Company Ltd has a market capitalization of 195.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 43.08 Cr, while the sum of Net Profit for the same period is 0.16 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is for March 2025, with Shareholder's Funds amounting to 6.25 Cr and Total Assets at 65.32 Cr.

Who are in the management team of Coromandel Engg.?

The management team of Coromandel Engineering includes M M Venkatachalam (Chairman), N V Ravi, P Nagarajan, G Jalaja (Independent Directors), C Parvathi Nagaraj (Company Secretary), and Directors S Shamsuddin and Adepalli Sridhar.

The management team of Coromandel Engineering includes the following members:<BR><BR>1. M M Venkatachalam - Chairman (Non-Executive)<BR>2. N V Ravi - Independent Director<BR>3. P Nagarajan - Independent Director<BR>4. G Jalaja - Independent Director<BR>5. C Parvathi Nagaraj - Company Secretary & Compliance Officer<BR>6. S Shamsuddin - Director<BR>7. Adepalli Sridhar - Director<BR><BR>If you need more details about any specific member or their roles, feel free to ask!

Who are the peers of the Coromandel Engg.?

Coromandel Engineering's peers include Veer Global Inf., Generic Engineer, Samor Reality, and others, with varying management risks and growth rates. Notably, Samor Reality has the highest 1-year return at 38.81%, while Coromandel Engg. has a return of -7.50%.

Peers: The peers of Coromandel Engg. are Veer Global Inf., Generic Engineer, Samor Reality, Rainbow Foundat., Lancor Holdings, HB Estate Devel., Supreme Holdings, Alpine Housing, Manas Properties, and Sumit Woods.<BR><BR>Quality Snapshot: Below Average management risk is observed at Veer Global Inf., Samor Reality, Rainbow Foundat., Coromandel Engg., Lancor Holdings, HB Estate Devel., Supreme Holdings, Alpine Housing, and Sumit Woods, while Average management risk is found at Generic Engineer. Good growth is noted at Generic Engineer and HB Estate Devel., while Excellent growth is observed at Rainbow Foundat. Below Average growth is present at Veer Global Inf., Samor Reality, Coromandel Engg., Lancor Holdings, Supreme Holdings, Alpine Housing, and Sumit Woods, and Manas Properties does not qualify. Good capital structure is noted at Generic Engineer, while Excellent capital structure is found at Supreme Holdings, with Below Average capital structure at Veer Global Inf., Samor Reality, Coromandel Engg., Lancor Holdings, HB Estate Devel., Alpine Housing, and Sumit Woods.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Samor Reality at 38.81%, while the lowest is Supreme Holdings at -52.35%. Coromandel Engg.'s own 1-year return is -7.50%, which is higher than Supreme Holdings but lower than Samor Reality. Additionally, the six-month return is negative for Supreme Holdings, HB Estate Devel., and Rainbow Foundat.

What does Coromandel Engg. do?

Coromandel Engineering Company Ltd is a micro-cap construction firm under the Murugappa Group, specializing in the Realty industry. As of March 2026, it reported net sales of 15 Cr and a net profit of 1 Cr.

Overview:<BR>Coromandel Engineering Company Ltd is a construction company operating in the Realty industry, categorized as a Micro Cap.<BR><BR>History:<BR>Incorporated 64 years ago, Coromandel Engineering Company Ltd is part of the USD 3.8 billion Murugappa Group. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 15 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Mar 2026) <BR>Market-cap: INR 195 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 1,213.00 <BR>Industry P/E: 44 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.51 <BR>Return on Equity: 1.20% <BR>Price to Book: 14.49 <BR><BR>Contact Details:<BR>Address: Parry House 3rd Floor, 43 Moore Street P B No 1698 Chennai Tamil Nadu : 600001 <BR>Tel: 91-044-25301700 <BR>Email: investorservices@cec.murugappa.com <BR>Website: http://www.coromandelengg.com

Should I buy, sell or hold Coromandel Engineering Company Ltd?

Are Coromandel Engineering Company Ltd latest results good or bad?

Coromandel Engineering Company Ltd's latest results show strong revenue growth with a 141.72% increase in net sales and a 1,950% rise in net profit, but concerns arise from a significant decline in operating margin and high debt levels, indicating potential sustainability issues. Investors should approach with caution due to these operational challenges.

Coromandel Engineering Company Ltd's latest results present a mixed picture. On one hand, the company reported a significant increase in net sales, which rose by 141.72% quarter-on-quarter to ₹14.89 crores, marking the highest quarterly revenue in recent history. Additionally, net profit surged by an impressive 1,950% to ₹0.82 crores compared to the previous quarter.<BR><BR>However, there are notable concerns. The operating margin has sharply declined to 7.79% from 19.32% in the previous quarter, indicating that while revenue growth is strong, the quality of that growth is questionable. This margin compression suggests potential issues such as aggressive pricing strategies or cost overruns. Furthermore, the net profit improvement was largely driven by a one-time tax reversal, which raises concerns about the sustainability of earnings.<BR><BR>The company also faces challenges with elevated debt levels, as indicated by a debt-to-equity ratio of 1.53, which constrains financial flexibility. Overall, while there are positive aspects in terms of revenue growth, the underlying operational challenges and high leverage suggest that the results may not be as favorable as they initially appear. Investors should exercise caution given these factors.

When is the next results date for Coromandel Engineering Company Ltd?

The next results date for Coromandel Engineering Company Ltd is 25 May 2026.

The next results date for Coromandel Engineering Company Ltd is scheduled for 25 May 2026.

Is Coromandel Engg. overvalued or undervalued?

As of August 21, 2025, Coromandel Engineering is considered very expensive with a high PE ratio of 83.69 and other elevated valuation metrics, indicating it is overvalued compared to peers like Larsen & Toubro and Siemens, despite its recent stock performance outpacing the Sensex.

As of 21 August 2025, the valuation grade for Coromandel Engineering has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, as evidenced by its high PE ratio of 83.69, a Price to Book Value of 18.38, and an EV to EBITDA ratio of 41.00. These ratios suggest that the stock is trading at a premium compared to its earnings and book value, which raises concerns about sustainability.<BR><BR>In comparison to its peers, Coromandel's valuation stands out starkly. For instance, Larsen & Toubro, which is rated as fair, has a PE ratio of 32.09 and an EV to EBITDA of 16.72, indicating a more reasonable valuation. Similarly, Siemens, also categorized as very expensive, has a PE ratio of 59.56, which, while high, is still significantly lower than Coromandel's. Notably, Coromandel's stock has outperformed the Sensex over the past year, returning 16.29% compared to the Sensex's 1.35%, but this performance does not justify its current valuation levels.

How has been the historical performance of Coromandel Engg.?

Coromandel Engineering has shown signs of financial improvement, with reduced losses and a positive shift in shareholder funds from -20.48 crore in March 2023 to 3.47 crore in March 2024, alongside a turnaround in cash flow from operating activities to 10.00 crore. Despite challenges, the company's recent trends indicate a potential recovery in its financial health.

Answer:<BR>The historical performance of Coromandel Engineering shows a trend of fluctuating financial metrics over the years, with significant changes in both assets and liabilities.<BR><BR>Breakdown:<BR>Coromandel Engineering's share capital has remained constant at Rs 33.23 crore from March 2019 to March 2024. However, total reserves have improved from -53.72 crore in March 2023 to -29.76 crore in March 2024, indicating a reduction in losses. Shareholder's funds have also shown a positive shift, moving from -20.48 crore in March 2023 to 3.47 crore in March 2024. Long-term borrowings decreased significantly from 38.36 crore in March 2023 to 6.31 crore in March 2024, reflecting a reduction in debt levels. Total liabilities increased slightly from 62.89 crore in March 2023 to 66.09 crore in March 2024, while total assets rose from 62.89 crore to 66.09 crore in the same period. The company reported a profit before tax of -3.00 crore in March 2024, an improvement from -5.00 crore in March 2023. Cash flow from operating activities turned positive at 10.00 crore in March 2024, compared to -7.00 crore in March 2023, indicating a recovery in operational performance. Overall, while the company has faced challenges, recent trends suggest a potential turnaround in its financial health.

Who are the top shareholders of the Coromandel Engg.?

The top shareholders of Coromandel Engineering include promoter Sundeep Anand Jegath Rakshagan with 25.11%, individual investors with 24.37%, and public shareholder Chetan Jayantilal Shah with 2.04%. There are currently no mutual funds or foreign institutional investors holding shares in the company.

The top shareholders of Coromandel Engineering include the promoters, who hold the majority of the shares. The promoter with the highest holding is Sundeep Anand Jegath Rakshagan, with a stake of 25.11%. Additionally, individual investors collectively hold 24.37% of the shares, while the highest public shareholder is Chetan Jayantilal Shah, who has a holding of 2.04%. Notably, there are no mutual funds or foreign institutional investors currently holding shares in the company.

What is the technical trend for Coromandel Engg.?

As of May 26, 2025, Coromandel Engg. shows a mildly bullish trend, supported by bullish moving averages and Bollinger Bands, despite mixed signals from the MACD and RSI.

As of 26 May 2025, the technical trend for Coromandel Engg. has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, supporting the positive shift, while the monthly MACD remains mildly bearish, indicating some caution. The weekly RSI is bearish, but the daily moving averages are bullish, suggesting short-term strength. Bollinger Bands show a mildly bullish trend on the weekly and bullish on the monthly, reinforcing the overall positive sentiment. Dow Theory indicates a mildly bullish stance on both weekly and monthly time frames. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from moving averages and Bollinger Bands, despite some mixed signals from the MACD and RSI.

Has Coromandel Engg. declared dividend?

Yes, Coromandel Engineering Company Ltd has declared a dividend of 25% (₹2.5 per share), but it has a 0% dividend yield as no dividends have been paid in recent years. Total returns show significant price appreciation, particularly over longer periods, despite the lack of dividend income.

Coromandel Engineering Company Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 2.5<BR>- Ex-date: 07 Jul 11<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 3.27%, the dividend return was 0%, resulting in a total return of 3.27%.<BR><BR>For the 1-year period, the price return was -8.73%, the dividend return was 0%, leading to a total return of -8.73%.<BR><BR>Over the 2-year period, the price return was 86.13%, with a dividend return of 0%, resulting in a total return of 86.13%.<BR><BR>In the 3-year period, the price return was 70.09%, the dividend return was 0%, which culminated in a total return of 70.09%.<BR><BR>For the 4-year period, the price return was 119.47%, the dividend return was 0%, leading to a total return of 119.47%.<BR><BR>In the 5-year period, the price return was 230.46%, with a dividend return of 0%, resulting in a total return of 230.46%.<BR><BR>Overall, while Coromandel Engineering has declared a dividend, it has not been paid in recent years, as indicated by the 0% dividend yield. The total returns over various periods show significant price appreciation, particularly over longer time frames, despite the absence of dividend income.