COROMANDEL / Q4-FY26 / 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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WatchQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

Answered directly

58%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Ahmed Madha · Unifi Capital

partial

BMCC financials and depreciation trend

On the mining side, you are absolutely right. The amortization expenses, depreciation is more of an accounting where the mining costs are also getting amortized... In terms of the financial health and performance of BMCC has turned profitable now.

Ahmed Madha · Unifi Capital

evasive

Fertilizer margins and subsidy outlook

It's too early stages to this... This naturally calls for additional compensation subsidies, which we have taken up with the government. It's under discussion stage, and hopefully we should get some... A very gap still remains.

Ahmed Madha · Unifi Capital

direct

Crop protection business opportunity and NACL

We have done extremely well on all segments... On a standalone basis, crop protection business has reached the record turnover and record profitability... close to 19% EBITDA margin on a revenue of INR 3,000 crores.

Ankur Periwal · Axis Capital

partial

EBITDA breakup and crop protection revenue split

Subsidy business share for the full year is 57%... It's 66% for the year as a whole. What I said, 57, is for the quarter, and 66% for the year as a whole.

Ankur Periwal · Axis Capital

direct

Crop protection growth outlook and margins

We can see a revenue growth of 20%-25% besides the capacity-driven growth in active ingredients... I don't see any challenge. Also we should note that the currency depreciation is heavily helping this business.

Ankur Periwal · Axis Capital

evasive

Risk if government delays subsidy increase

These are very abnormal situations, very difficult to predict... Government responds favorably, which they are, they are looking into it, and it should happen here and now.

Riju Dalui · Antique Stock Broking

direct

Finished goods inventory of fertilizers

It may be close to 12.5 lakh tons, roughly finished fertilizers we may be having.

Riju Dalui · Antique Stock Broking

direct

Reason for low Q4 crop protection growth

It's off-season in domestic market... exports we have moderated the sale in fourth quarter... It's a temporary slowdown in fourth quarter that will come back in first quarter.

Somaiya V. · Avendus Spark

direct

Phosphoric acid price and raw material costs

Price was fixed at INR 1,316... Around the time we fixed that phosphoric acid price at INR 1,360. Against the previous of INR 1,290... ammonia... around $840, $850 dollar range... Sulfur is also around the same level, $800 dollar range.

Somaiya V. · Avendus Spark

evasive

Backward integrated capacity margin contribution

These are very extraordinary times, very difficult to look at margin at this point of time... This may be one or two quarters of challenges and pressures, but it should get normalized.

Vipul Kumar Shah · Sumangal Investments

declined

EBITDA margin guidance for the year

Very difficult to predict at this point of time. Let's see how it goes... I don't want to put any number now.

Sheel Kumar Shah · Sameeksha Capital

direct

Manufacturing EBITDA on fertilizer side

Last year it was around INR 5,000+ that we had mentioned, and fourth quarter was compressed. It was less than INR 3,500, around that number.