COROMANDELINTERNATIONAL / 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

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67%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Ahmed Madha · Unifi Capital

partial

Why is consolidated depreciation higher than standalone, and BMCC profitability outlook?

on the mining side you are absolutely right... depreciation is more of an accounting where the mining costs are also getting amortized... BMCC has turned profitable now with increased volume of operations, better absorption of cost, improved efficiencies

Ahmed Madha · Unifi Capital

evasive

How will fertilizer margins be impacted by raw material inflation and subsidy?

it's too early stages... the replacement cost is very high... it definitely calls for additional compensation subsidies which we have taken up with the government... hopefully we should get the pass through on these costs

Ahmed Madha · Unifi Capital

direct

What is the opportunity from NCL acquisition and standalone CP margin trend?

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

Ankur · Access Capital

direct

What is the subsidy vs non-subsidy revenue share and CP business breakup?

business share for the full year is 57%... 66% for the year as a whole... exports will be 1450 crores, domestic will be 700 crores and domestic B2B and formulation will be 900 crores

Ankur · Access Capital

direct

Any RM availability concern for CP business and growth outlook?

as far as raw material supply chain is concerned on crop protection we are quite comfortable... we are able to pass through so we don't see any impact on margin... you can see a revenue growth of 20 to 25%

Ankur · Access Capital

direct

Will standalone CP EBITDA margin sustain at 19%?

I don't see any challenge and also we should note that with the currency depreciation terribly helping this business significant share of exports happen

Ankur · Access Capital

evasive

What if government delays subsidy increase? Will finished goods prices be raised?

These are all very abnormal situations very difficult to predict... it is very important both for the sector health as well as for the farmer benefit government response favorably... we do hope that we'll have a early resolution

Rupesh (Ru) · Antique Stock Broking

partial

What is the domestic and export revenue share for CP including NACL?

I need to get back to you on export revenue. Overall revenue is 584 for the full year and 361 crores for Q4. But I need to just get back to you on domestic and export break up

Rupesh (Ru) · Antique Stock Broking

direct

What is the finished fertilizer inventory as of March 26?

it may be close to 5.5 lakh tons roughly finished fertilizers we may be having... trading is not much probably 60,000-70,000

Rupesh (Ru) · Antique Stock Broking

direct

Why was standalone CP growth only 2% in Q4?

it's offseason in domestic market... exports we have moderated the sale in fourth quarter... it's a temporary slowdown... overall for the year growth 16% and that set of growth we do expect to sustain

Somaya V · Aendis Park

direct

What is the phosphoric acid price for Q1 and current sulfur/ammonia prices?

PA price was fixed at 1315... phosphoric price at 1360 against previous of 1290... ammonia deals around $840-$850 range... sulfur also on same level $800

Somaya V · Aendis Park

evasive

Will backward integration be accretive given high sulfur prices?

these are all very extraordinary times very difficult to look at margins at this point of time... structurally the value what we originally message will come through