Coromandel International - Margin To Remain Under Pressure In The Near Term: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
In this note we have analysed acreages across key states for Coromandel International Ltd., its volume performance in Q1 FY22, and the trend in key raw materials. Key insights are highlighted below:
Coromandel International's key markets are Andhra Pradesh, Telangana, Maharashtra, Karnataka, West Bengal, and Odisha.
These six states account for 94% of its nitrogen, phosphorus and potassium/diammonium phosphate volumes and 84% of overall volumes (as of FY21).
All India sowing is currently down 10% to 50 million hectares (as of July 09, 2021), whereas is up ~1% as compared to the normal area in the corresponding week.
The YoY decline in acreages is on the back of a 9%/7%/11%/18% YoY fall in rice/maize/soybean/cotton acreage, whereas the same for sugarcane grew 2% YoY.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.