Coromandel International Adjusts Quality Grade Amid Strong Financial Metrics and Market Position

Coromandel International, a prominent player in the fertilizers industry, has recently undergone an evaluation adjustment that reflects changes in its quality and technical metrics. The company's quality grade has transitioned from excellent to good, indicating a shift in its underlying financial health. Key metrics such as a five-year sales growth of 15.42% and EBIT growth of 7.17% highlight the company's ability to maintain a solid revenue stream, while its EBIT to interest ratio stands at 15.32, showcasing effective management of interest obligations.
In terms of leverage, Coromandel International maintains a low debt to EBITDA ratio of 0.57 and a net debt to equity ratio of just 0.03, suggesting a strong balance sheet. The company also boasts a robust return on capital employed (ROCE) of 29.16% and a return on equity (ROE) of 17.27%, reflecting efficient use of equity capital.

Despite recent fluctuations in stock price, with a current price of Rs 2135.00 compared to a previous close of Rs 2172.95, Coromandel International continues to hold a significant market position, accounting for 28.78% of the entire sector. The company has consistently delivered positive results over the last three quarters, further solidifying its standing in the market.

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