Today, we’re going on a journey to explore the estimated Coromandel Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected Coromandel Share Price Target.
Coromandel International is an Indian agrochemicals and fertilizers company that was founded in 1961. The company provides crop protection, plant nutrition, and farm advisory services to farmers in India and internationally. Its services include soil testing, crop advisory, and customized fertilizer recommendations.
The company is a subsidiary of the Murugappa Group, a diversified business conglomerate in India. Coromandel International has a strong presence in the Indian fertilizer market and is one of the largest producers of phosphatic fertilizers in the country. It also has a significant market share in the crop protection segment.
Coromandel International has a wide range of products, including fertilizers, crop protection chemicals, and specialty nutrients. Its fertilizer products include single super phosphate (SSP), diammonium phosphate (DAP), and complex fertilizers. The company’s crop protection products include insecticides, fungicides, and herbicides.
Overview of Coromandel
Name | Coromandel International Ltd. |
---|---|
Symbol | COROMANDEL |
Industry | Agrochemicals and Fertilizers |
Founded | 1961 |
CEO | Sameer Goel |
Headquarters | Secunderabad, Telangana, India |
Country | India |
Locations | India and international |
Website | coromandel.biz |
Profile | Coromandel_International |
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Coromandel Share price target for 2023, 2025, 2030 to 2050.
Keep an eye on Coromandel’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Coromandel’s stock price.
Additionally, we will also take into analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation at the end of the article.
Above, the chart presents historical prices for Coromandel stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the Coromandel share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
DATE | AUTHOR | TARGET | TYPE |
---|---|---|---|
28 JUL 2023 | Prabhudas Lilladhar | 1330.00 |
Buy
|
28 JUL 2023 | Sharekhan | 1155.00 |
Buy
|
25 MAY 2023 | Geojit BNP Paribas | 1060.00 | Accum. |
17 MAY 2023 | Prabhudas Lilladhar | 1310.00 |
Buy
|
16 MAY 2023 | Motilal Oswal | 1180.00 |
Buy
|
10 MAR 2023 | Geojit BNP Paribas | 1054.00 | Accum. |
07 FEB 2023 | Prabhudas Lilladhar | 1350.00 |
Buy
|
06 FEB 2023 | Motilal Oswal | 1180.00 |
Buy
|
Fundamentals of Coromandel
The fundamental analysis of Coromandel Limited focuses on key factors to better understand the company’s valuation.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Coromandel price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
For the year 2023, we expect Coromandel’s share price to reach a minimum target of ₹1200 and a maximum target of ₹1350. This is based on the company’s strong financials, including a YoY growth of 55% in FY23 and a stable EBITDA/MT of Rs5,500-6,000. Additionally, the company has outstanding subsidies of Rs28.2bn as of June’23, which is expected to contribute to its growth in the coming years.
Looking ahead to 2024, we expect Coromandel’s share price to reach a minimum target of ₹1400 and a maximum target of ₹1550. This is based on the company’s expected EPS growth of 4% in FY24 and FY25, as well as its focus on product branding, capacity expansion, and product innovation. These factors are expected to contribute to the company’s stable margins in the long term.
For the year 2025, we expect Coromandel’s share price to reach a minimum target of ₹1600 and a maximum target of ₹1750. This is based on the company’s expected EPS growth of 4% in FY24 and FY25, as well as its efficient sourcing of raw materials, benefits of backward integration, and rising share of unique grades to overall manufactured volumes.
For the year 2027, we expect Coromandel’s share price to reach a minimum target of ₹2000 and a maximum target of ₹2150. This is based on the company’s expected EPS growth of 4% in FY24 and FY25, as well as its strong financials and outstanding subsidies. Additionally, the company’s focus on backward integration in phosphoric acid, sulphuric acid, and rock phosphate is expected to contribute to its growth in the coming years.
Looking ahead to 2030, we expect Coromandel’s share price to reach a minimum target of ₹2500 and a maximum target of ₹2750. This is based on the company’s expected EPS growth of 4% in FY24 and FY25, as well as its continued focus on product branding, capacity expansion, and product innovation. Additionally, the company’s strong financials and outstanding subsidies are expected to contribute to its growth in the long term.
For the year 2035, we expect Coromandel’s share price to reach a minimum target of ₹3500 and a maximum target of ₹3750. This is based on the company’s expected EPS growth of 4% in FY24 and FY25, as well as its continued focus on product branding, capacity expansion, and product innovation. Additionally, the company’s strong financials and outstanding subsidies are expected to contribute to its growth in the long term.
For the year 2050, we expect Coromandel’s share price to reach a minimum target of ₹6000 and a maximum target of ₹6250. This is based on the company’s expected EPS growth of 4% in FY24 and FY25, as well as its continued focus on product branding, capacity expansion, and product innovation. Additionally, the company’s strong financials and outstanding subsidies are expected to contribute to its growth in the long term.
Analyst Recommendations
Coromandel Buy or Sell
Daily Low / High
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Year | Minimum Target | Maximum Target |
---|---|---|
2023 | ₹1200 | ₹1350 |
2024 | ₹1400 | ₹1550 |
2025 | ₹1600 | ₹1750 |
2026 | ₹1800 | ₹1950 |
2027 | ₹2000 | ₹2150 |
2030 | ₹2500 | ₹2750 |
2035 | ₹3500 | ₹3750 |
2040 | ₹4500 | ₹4750 |
2050 | ₹6000 | ₹6250 |
– As of 3 September 2023, the current share price of Coromandel is ₹1,111.40 Check out today’s current share price.
– Based on our analysis, the maximum share price target for Coromandel in 2023 could be ₹1350.
– According to Google historical data, the price of Coromandel on 5 July 2002 was ₹8.89.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “Coromandel Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Coromandel stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com