COROMANDEL / Q2-FY25 / claim-ledger

Audit the questions that mattered.

Coromandel International · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY25 · 2024-10-24Back to quarter ↗

Questions audited

12

Answered directly

67%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Prashant Biyani · Elara Securities

direct

What drove profitability improvement in crop protection and non-subsidy non-CP business?

As the crop protection business, we've seen a good growth happening in the domestic formulation business. ... the company had introduced 10 new products, including one patented molecule of ISK. ... cost measures ... have also led to a better cost position.

Prashant Biyani · Elara Securities

partial

Rock phosphate inventory coverage and phosphoric acid price outlook.

phosphoric price for the Q3 is yet to be settled, so but there will be definite increase ... In terms of the rock prices ... we always ensure that we cover for the three to four months ahead.

Prashant Biyani · Elara Securities

partial

How will ammonia price spike affect NPK mix in H2?

This has been a temporary phenomenon. ... prices should soften. ... we do keep optimizing the grades, and that is the flexibility what we have in switching over from one NPKs to another NPKs.

Prashant Biyani · Elara Securities

partial

Revenue from Nano fertilizer and Dhaksha in Q2.

Nano fertilizer ... roughly, in terms of the volumes, I can tell you, 16 lakh bottles ... 16.8 lakh bottles is what we have done, one liter bottles. And in terms of the Dhaksha, probably we'll address it separately.

Parth Mehta · Vallum Capital

evasive

Which products will the new MPP target in domestic and export?

at the moment, whatever Shankar mentioned, for the obvious reasons, we don't want to divulge the specific names. ... Suffice to say that these are relatively younger products.

Vishnu Kumar · Avendus Spark

direct

What drove better-than-expected operational profitability in fertilizer?

Last year we commissioned sulfuric acid plant ... we could produce sulfuric acid at a much lower price. ... power generation ... significantly reduced the conversion cost. ... product flexibility ... all this has been helpful.

Vishnu Kumar · Avendus Spark

direct

How much structural cost savings from sulfuric acid and power?

The sulfuric acid alone has, can potentially give us, close to INR 160-170 crore per annum ... last year will be somewhere between INR 40-45 crore, and that can get doubled.

Vishnu Kumar · Avendus Spark

direct

Timeline for 0.75 million ton capacity and market approach before launch.

The plant will take two years to come in ... we can't be waiting for the capacity to come in and start selling. ... we'll be also focusing on newer geographies ... develop market for these grades.

Risham Jain · DSP Asset Managers

partial

Strategy for retail store expansion over next 2-3 years.

We are very keen to increase the footprints ... currently we are around 750 to 800 stores. Our aim would be to increase it by another 20% at least in the coming two, three quarters. ... I don't see why can't we double it in next two, three years' time.

Bharat Singh · Quest Investment Advisors

direct

Three-year capacity and backward integration for nutrients including SSP.

overall capacity will go up to 45 lakh tons in the next two years' time. ... we'll be close to 60% of the total intermediate capacity requirement.

Bharat Singh · Quest Investment Advisors

partial

Capital allocation plan given net cash of over INR 4,000 crore.

it will be mainly for the business growth within Coromandel ... each of the businesses come with their own proposals for the growth. ... if there are interesting opportunities ... those also could be funded through this pool of surplus.

Himanshu Binani · Anand Rathi

partial

EBITDA per ton guidance and impact of backward integration.

The sustainable EBITDA, the range what you're indicating, we are quite comfortable with that. ... If the environment improves, definitely the margins will also go up.