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Coromandel International Ltd


BSE: 506395 | NSE: COROMANDEL | ISIN: INE169A01031 
Market Cap: [Rs.Cr.] 5,281 | Face Value: [Rs.] 1
Industry: Fertilizers

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Board Meet

23-Apr-13 
Coromandel International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2013, inter alia, to consider and approve the Audited financial results for the year ended March 31, 2013. With reference to the earlier announcement dated April 04, 2013, regarding Board of Directors of the Company will be held on April 23, 2013, inter alia, to consider and approve the Audited financial results for the year ended March 31, 2013, Coromandel International Ltd has now informed BSE that the Board is likely to consider recommending declaration of Dividend for the year ended March 31, 2013 at that said Board Meeting. (As per BSE Announcement Dated on 18.04.2013) Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 23, 2013, inter alia, has recommended a Dividend of Rs. 4.50/- per share (450% on face value of Re. 1/- per share) for the year ended March 31, 2013. (As Per BSE Announcement Dated on 23.04.2013) 
24-Jan-13 
Coromandel International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 24, 2013, inter alia to consider and approve the unaudited financial results for the quarter ended December 31, 2012 (Q3). Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 24, 2013. (As per BSE Announcement Dated on 24.01.2013) Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 24, 2013.The Board of Directors of the Company at its meeting held on January 24,2013,has approved the acquisition of upto 81,25,107 fully paid equity shares of Liberty Phosphate Limited (Liberty) from the Promoters of Liberty representing 56.28% of equity of Liberty at a price of Rs. 241/- per fully paid equity share and authorised entering into a Share Purchase Agreement with the Promoters of Liberty. The Board further approved to make a public announcement to the Shareholders of Liberty for acquiring upto 26% of equity shares of Liberty,pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,2011 ('Regulations') at such price determined as per the said Regulations. The Board also approved the acquisition of 100% equity stake of Liberty Urvarak Limited and acquisition of Business undertaking of M/s. Tungabhadra Ferilisers and ChemicalsCompany Limited as a going concern on a slump sale basis. (As Per Bulletin dated On 25.01.2013) 
22-Oct-12 
Coromandel International Ltd has informed BSE that a Meeting of the Board of Directors of the Company has been convened on October 22, 2012, inter alia, to consider and approve the unaudited financial results for the quarter ended September 30, 2012 (Q2). 
23-Jul-12 
Coromandel International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 23, 2012, inter alia, to consider and approve the unaudited financial results for the quarter ended June 30, 2012 (Q1). Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 23, 2012, inter alia, has issued and allotted 28,28,17,658 (9%) Unsecured, Redeemable, Non Convertible, Bonus Debentures of Rs. 15/- each in terms of the Scheme of Arrangement approved by the Hon'ble High Court of Andhra Pradesh. (As Per BSE Announcement Dated on 23.07.2012) Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 23, 2012, have appointed Mr. Uday Khanna as an Independent Director on the Board of the Company effective from July 23, 2012. (As Per BSE Announcement Website Dated on 25/07/2012) With reference to earlier announcement dated July 23, 2012 informing that pursuant to the Scheme of Arrangement approved by the Hon'ble High Court of Andhra Pradesh, the Board of Directors, on July 23, 2012, allotted 9% 28,28,17,658 Unsecured Redeemable Non-Convertible Fully Paid-up Bonus Debentures of Rs 15/- each to the Shareholders of the Company as on the beginning of the Book Closure date i.e. July 17, 2012, Coromandel International Ltd has now informed BSE that the Company had completed the dispatch of Debenture Certificates to all the shareholders holding shares in physical form and credits have been given for those shareholders holding shares in Demat form. In terms of the Scheme, the Company has facilitated the process of providing liquidity to the Debenture holders through Axis Bank Limited - 'Liquidity Facility Provider - On Market' and 'ENAM Finance Private Limited - Liquidity Facility Provider - Off Market' to provide liquidity facility to all the original debenture holders. The Company has submitted to BSE copies of the Communication sent by the Liquidity Facility providers on August 01, 2012 to all the Debenture Holders. (Asper BSE Announcement Website Dated on 06/08/2012) 
23-Apr-12 
Coromandel International Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on April 23, 2012, inter alia, to consider and approve the Audited financial results for the year ended March 31, 2012. With reference to the earlier announcement dated April 09, 2012 about a meeting of the Board of Directors of the Company will be held on April 23, 2012 inter alia, to consider and approve the Audited Financial Results for the year ended March 31, 2012, Coromandel International Ltd has now informed BSE that in the said Board Meeting, the Board is likely to consider recommending declaration of Final Dividend for the year ended March 31, 2012. (As Per BSE Announcement Dated on 16.04.2012) Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 23, 2012, inter alia, has recommended a Final Dividend of Rs. 3/- per share (300% on face value of Rs. 1/- per share) for the year ended March 31, 2012. (As Per BSE Announcement Dated on 23.04.2012) 

AGM

23-Jul-13
AGM 23.07.2013 
23-Jul-12
Coromandel International Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 17, 2012 to July 23, 2012 (both days inclusive) for the purpose of Payment of Final Dividend & 50th Annual General Meeting (AGM) of the Company to be held on July 23, 2012. The final dividend, if declared at the ensuing Annual General Meeting, would be paid on July 31, 2012. Coromandel International Ltd has informed BSE that the 50th Annual General Meeting (AGM) of the Company will be held on July 23, 2012. 1. To receive, consider and adopt the audited Balance Sheet as at March 31, 2012 and the Statement of Profit and Loss of the Company for the year ended on that date and the Reports of the Directors and Auditors thereon. 2. To declare a Final Dividend. 3. To appoint a Director in place of Mr M M Venkatachalam, who retires by rotation and, being eligible, offers himself for re-appointment. 4. To consider, and if thought fit, to pass with or without modification, the following resolution as an Ordinary Resolution: 'RESOLVED THAT the vacancy caused by the retirement by rotation of Mr M K Tandon who has conveyed in writing to the Company his unwillingness to offer himself for re-appointment, be not filled up'. 5. To consider, and if thought fit, to pass with or without modification, the following resolution as an Ordinary Resolution: 'RESOLVED THAT the vacancy caused by the retirement by rotation of Mr R A Savoor who has conveyed in writing to the Company his unwillingness to offer himself for re-appointment, be not filled up'. 6. To appoint Auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting and in this connection, to consider and if deemed fit, to pass with or without modification(s), the following Resolution as an Ordinary Resolutionn (As Per BSE Announcement Website Dated on 10/07/2012) Coromandel International Ltd has informed BSE that the 50th Annual General Meeting (AGM) of the Company was held on July 23, 2012. (As Per BSE Announcement Website Dated on 24/07/2012) Coromandel International Ltd has informed BSE that the 50th Annual General Meeting (AGM) of the Company was held on July 23, 2012, under Clause 35A. (As Per BSE Announcement Website Dated on 26/07/2012) Coromandel International Ltd has submitted to BSE a copy of the Proceedings of the 50th Annual General Meeting of the Company held on July 23, 2012. (As per BSE Announcement Dated on 24.09.2012)n  
21-Jul-11
Coromandel International Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 15, 2011 to July 21, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 49th Annual General Meeting (AGM) of the Company to be held on July 21, 2011. The final dividend, if declared at the ensuing Annual General Meeting, would be paid on July 29, 2011. Coromandel International Ltd has informed BSE that 49th Annual General Meeting (AGM) of the Company was held on July 21, 2011. 1. Adoption of the Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the financial year ended on that date, together with the Report of the Auditors and the Report of the Directors thereon. 2. Declaration of a Dividend of Rs. 7.00 per equity share (including Interim Dividend of Rs 4.00 per share) on the equity share capital of the Company for the financial year 2010-11. 3. Appointment of Mr. V. Ravichandran, Mr. K. Balasubramanian & Dr. B. V. B. Mohan as Directors of the Company. 4. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on a remuneration, terms & conditions. 5. Appointment of Mr. Kapil Mehan as Director of the Company. 6. Appointment of Mr. Kapil Mehan as the Managing Director of the Company for a period of 5 years from October 19, 2010 to October 18, 2015, on remuneration, terms & conditions. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE Annoncement Website Dated on 05/09/2011) 
22-Jul-10
AGM 22/07/2010 Coromandel International Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on July 22, 2010, inter alia, have approved the following: 1. Adopted the Profit & Loss Account for the year ended March 31, 2010 together with the Balance Sheet and Reports of Directors and Auditors. 2. Declared a total dividend of Rs. 10/- per share - (500%) (including Rs. 6/- per share - 300% interim dividend already paid) for the year ended March 31, 2010. 3. Re-elected Mr. A. Vellayan & Mr. M. K. Tandon as Directors. 4. Appointed M/s. Price Waterhouse, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on a remuneration, terms & conditions. 5. Elected Mrs. Ranjana Kumar as Director. (As Per BSE Announcement Website dated on 22.07.2010) Coromandel International Ltd has submitted to BSE the proceedings of the 48th Annual General Meeting (AGM) of the Company held on July 22, 2010. (As Per BSE Announcement Website dated on 30.08.2010) 
21-Jul-09
AGM 21.07.2009 Coromandel Fertilisers Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on July 21, 2009, inter alia, have approved the following: 1. Adopted the Profit & Loss Account for the year ended March 31, 2009 together with the Balance Sheet and Reports of Directors and Auditors. 2. Declared a total dividend of Rs 10/- per share - (500%) (including Rs 6/- per share - 300% interim dividend already paid) for the year ended March 31, 2009. 3. Mr. D E Udwadta, Director, retired at the AGM. 4. Re-elected Mr. M M Venkatachlam as Director. 5. Appointed M/s. Price Waterhouse, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on a remuneration, terms & conditions. 6. Elected Mr. R A Savoor as Director. 7. Re-appointed Mr. V Ravichandran as Managing Director from January 22, 2009 to January 21, 2014. 8. Subject to the approval of the Central Government, change of name of the Company to 'Coromandel International Ltd'. (As Per BSE Announcement Website dated on 21.07.2009) 

EGM

22-Feb-12
Coromandel International Ltd has informed BSE that by an Order made on the January 24, 2012, the Hon'ble High Court of Judicature of Andhra Pradesh at Hyderabad has directed that, separate meetings of the Equity Shareholders & Unsecured Creditors of Coromandel International Limited (Applicant Company), be held at Hotel Minerva Grand, CMR Complex, Secunderabad - 500003 on February 22, 2012, for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Arrangement proposed to be made between the Applicant Company and its Members for the issue of Unsecured, Redeemable, Non Convertible, Fully Paid Up Bonus Debentures of the Applicant Company from its General Reserve to its Members. 
08-Oct-07
Coromandel Fertilisers Ltd has informed BSE that pursuant to the Order made by the Hon'ble High Court of Judicature of Andhra Pradesh at Hyderabad, separate meetings of the equity shareholders & unsecured creditors of the Company will be held on October 08, 2007, for the purpose of considering, and if thought fit, approving, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation proposed to be made between the Company & Godavari Fertilisers & Chemicals Ltd. Coromandel Fertilisers Ltd has informed BSE that the meeting of the Equity Shareholders and the Unsecured Creditors of the Company held on October 08, 2007 pursuant to the Order of the High Court of Judicature of Andhra Pradesh at Hyderabad dated September 03, 2007, the shareholders have approved by a requisite majority, and the Unsecured Creditors have approved unanimously, the Scheme of Amalgamation of Godavari Fertilisers And Chemicals Ltd with the Company. (As Per BSE Announcement Website Dated on 08/10/2007) 
15-Nov-06
Coromandel Fertilisers Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 15, 2006, inter alia, to transact the following business: 1. To offer, issue and allot (including with provision for reservation on firm and / or competitive basis of such part of issue and for such categories of persons as may be permitted), in the course of domestic / international offering(s) to all eligible investors including Domestic / Foreign investors, including Domestic / Foreign Institutional Investors, Qualified Institutional Buyers (QIB), Non Resident Indians, Corporate Bodies, Trusts, Mutual Funds, Banks, insurance Companies, Pension Fund, individuals and / or Trustees and / or Stabilization Agents or otherwise, whether shareholders of the Company or not through a public issue and / or on a private placement basis, whether partly / fully convertible debentures and / or Securities linked to Equity Shares and / or foreign currency convertible bonds convertible into Equity Shares or depository receipts (GDRs / ADRs) and / or securities convertible into Equity Shares at the option of the Company and / or the holder of such securities and / or Equity Shares through depository receipts (GDRs / ADRs) and / or bonds with Share Warrants attached (Securities), through the Qualified, institutional Placement (QIP) route as notified by SEBI secured or unsecured, through prospectus and / or offer letter and / or circular basis so however that the total amount raised through the aforesaid Securities should not exceed Rs 230 crore, or its equivalent in any other currency, such offer, issue and allotment to be made at such time or times, in one or more tranches, at such price or prices, in such manner and where necessary in consultation with the Lead Managers and / or Underwriters and / or Stabilization Agents and / or other Advisors or otherwise, on such terms and conditions as the Board, may, in its absolute discretion decide at the time of issue of the Securities, with a right to the Board to retain for additional allotment such amount of subscription upto such percentage of the amount of the initial offer of each tranche as may be permitted by the appropriate authorities, and as the Board may deem fit, subject to necessary provisions & approvals. 2. Borrowing from time to time such sum or sums of money and on such terms and conditions as it may consider necessary for the purpose of the business of the Company, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from Company's bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided, however, that the aggregate amount upto which monies may be borrowed by the Board of Directors shall not exceed the sum of Rs 750 crore at any one time, subject to necessary provisions & approvals. Coromandel Fertilisers Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on November 15, 2006, have approved the following: 1. Issue of Equity / Securities linked to Equity upto a sum of Rs 230 Crore or its equivalent in any other currency. 2. Enhancement in borrowing power of the Board of Directors of the Company from Rs 500 crore to Rs 750 Crore. (AS Per BSE Announcement Website Dated on 16/11/2006) 
04-Aug-03
Further, at the EGM & Court Convened EGM held on 04.08.03 the shareholders approved as follows: 1. Investment in one or more tranches up to a limit of 14680000 equity shares of Rs.10/- each in the capital of Govadari Fertilisers & Chemicals Ltd. at a price not exceeding Rs.124/- per share. 2. Increase the borrowing powers may exceed the aggregate of the paid up capital of the company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided, however that the aggregate amount upto which monies may be borrowed by the Board shall not exceed the sum of Rs.350 crores at any one time. 3. The scheme of arrangement (demerger) proposed to be made between Coromandel Fertilisers Ltd. (transferee company) and EID Parry (India) Ltd. (transferer company).  

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
Tata Chemicals 8,237.66 11.73 1.64 9.43 13.6 13.1 0.66
Coromandel Inter 5,281.23 11.90 2.43 8.41 32.4 26.5 0.90
Natl.Fertilizer 2,354.78 0.00 1.34 19.02 7.4 6.8 1.08
G S F C 2,255.51 4.35 0.64 2.44 23.9 29.3 0.16
R C F 2,239.86 7.98 0.95 6.63 11.9 13.6 0.41
Chambal Fert. 2,014.46 6.77 1.01 6.90 14.5 14.3 1.78
F A C T 1,488.26 0.00 9.16 13.27 5.0 11.1 5.53
G N F C 1,289.99 4.72 0.47 5.09 11.8 11.1 0.65
Deepak Fert. 879.35 5.39 0.72 4.73 18.6 18.0 0.73
Zuari Agro Chem. 546.99 22.38 0.69 0.00 27.3 10.8 3.77
Mangalore Chem. 478.23 7.18 0.95 8.10 16.3 14.8 1.78
Liberty Phosphat 316.02 9.61 1.93 1.29 47.8 49.0 0.57
S P I C 272.88 0.00 -0.27 8.21 0.0 0.0 0.00
Zuari Global 208.58 7.74 0.35 18.19 5.3 5.2 0.54
Madras Fert. 164.32 0.00 -0.50 4.92 64.2 18.0 0.00

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Key Information

Key Executives:

A Vellayan , Chairman  

Kapil Mehan , Managing Director  

B V R Mohan Reddy , Director  

M M Venkatachalam , Director  

Company Head Office / Quarters:
Coromandel House,
1-2-10 Sardar Patel Road,
Secunderabad,
Andhra Pradesh-500003
Phone : 91-40-27842034/27847212
Fax : 91-40-27844117
E-mail : investorsgrievance@coromandel.murugappa.com
Web : http://www.coromandel.biz
Registrars:
Karvy Computershare Pvt Ltd
Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

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