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Coromandel International Ltd


BSE: 506395 | NSE: COROMANDEL | ISIN: INE169A01031 
Market Cap: [Rs.Cr.] 7,350 | Face Value: [Rs.] 1
Industry: Fertilizers

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Board Meet

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) 
23-Jan-12 
Coromandel International Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on January 23, 2012, inter alia, to consider and approve the unaudited financial results for the quarter ended December 31, 2011 (Q3). With reference to the earlier announcement dated January 12, 2012, regarding a Board of Directors Meeting would be convened on January 23, 2012, to consider and approve the unaudited financial results for the quarter ended December 31, 2011, Coromandel International Ltd has now informed BSE that the board is likely to consider declaration of Interim Dividend at this meeting. (As Per BSE Announcement Website dated on 18.01.2012) Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 23, 2012, inter alia, has approved payment of an interim dividend of Rs. 4/- (400% on Re. 1/- per share) per share to its shareholders for the financial year ending March 31, 2012. (As Per NSE Announcement Website Dated on 23/01/2012) 
18-Oct-11 
Coromandel International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 18, 2011, inter alia, to consider and approve the unaudited financial results for the quarter ended September 30, 2011 (Q2). Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 18, 2011, inter alia, has taken the following decisions: 1. To transfer the lease rights in the Land Located at Navi Mumbai and to seek the approval of Members for the same through postal ballot. 2. To set up a green field 800 Tones per day Single Super Phosphate plant including 400 Tones per day granulator plant in the state of Punjab. 3. The Company has completed 50 years. On this Golden Jubilee occasion, the Board of Directors decided to reward the shareholders by way of issue of Unsecured Redeemable Bonus Debentures: a) By drawing upon the general reserves of the Company which were created through retained earnings / undistributed profits through a Scheme of Arrangement (Scheme) which is subject to approval of the shareholders of the Company, the High Court of Andhra Pradesh, statutory and regulatory authorities. This item was considered as a part of 'any other Matters' of the Agenda. b) The Scheme formulated under Sections 391 to 394 of the Companies Act, 1956 entails issue and allotment of Bonus Debentures in the ratio of one fully paid debenture of Rs. 15/- for every equity share of Re. 1/- each held in the Company on the record date to be fixed by the Board post approval of the Scheme by the High Court. The Debentures would carry an interest rate not exceeding 9.0% per annum. The Debentures will be considered as a deemed dividend under the provisions of the Income Tax Act. The Company would bear and pay the applicable dividend distribution tax on the issue, out of the General Reserves. The issue and allotment of the Bonus Debentures along with the dividend distribution Tax will account for approximately Rs. 495 crore from the Reserves. (As Per BSE Announcement Dated on 18.10.2011) 
21-Jul-11 
Coromandel International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 21, 2011, inter alia, to consider and approve the unaudited financial results for the quarter ended June 30, 2011. Coromandel International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 21, 2011, have designated Mr. V. Ravichandran as Non Executive Vice Chairman of the Company. (As Per BSE Announcement Dated on 21.07.2011) 
30-May-11 
Coromandel International Ltd has informed BSE about acquisition of 42.22 % of equity shares of M/s Sabero Organics Gujarat Ltd. Board approved the acquisition of 14298112 equity shares of Sabero Organics Gujarat Limited (Sabero) from the Promoters of Sabero representing 42.22% of equity of Sabero at a price of Rs. 160/- per share and a Non Compete fee of Rs 38.47/- per share. The Board also authorised the Chairman and the Managing Director of the Company for entering into a Share Purchase Agreement with the Promoters of Sabero. The Board also approved to make a public announcement to the Shareholders of Sabero for acquiring upto 31% of equity shares of Sabero, pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 at such price determined as per the said Regulations. 

AGM

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) 
22-Jul-08
AGM 22/07/2008 Coromandel Fertilisers Ltd has informed BSE that the members at the 46th Annual General Meeting (AGM) of the Company held on July 22, 2008, inter alia, has approved the following: 1. Adopted the Profit & Loss Account for the year ended March 31, 2008 together with the Balance Sheet and Reports of Directors and Auditors. 2. Declared a dividend of 175% for the year ended March 31, 2008. 3. Re-elected Mr. M K Tandon & Mr. A Vellayan as Directors of the Company. 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 Mr. K Balasubramanian & Dr. B V R Mohan Reddy as Directors of the Company. 6. Payment of commission to Non-wholetime Directors. 7. Increased the borrowing powers of the Board of Directors from Rs 750 crore to Rs 1500 crore. (As per BSE Announcement Website dated on 24/07/2008) 
24-Jul-07
Coromandel Fertilisers Ltd. has informed the Exchange that the Register of Members and Share Transfer books of the Company will remain closed from July 16 to July 24, 2007 for the purpose of dividend. The board, at the meeting also decided to convene the Annual General Meeting (AGM) of the Company on July 24, 2007. Coromandel Fertilisers Ltd has informed BSE that the 45th Annual General Meeting (AGM) of the members of the Company will be held on July 24, 2007, inter alia, to transact the following: 1. To receive, consider and adopt the audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account of the Company for the year ended on that date and the Reports of the Directors & Auditors thereon. 2. To declare Dividend. 3. To appoint a Director in place of Mr. S Viswanathan, who retire by rotation and being eligible to offer himself for re-appointment. 4. The Vacancy caused by the retirement by rotation of Mr. T M M Nambiar who has conveyed in writing to the Company his unwillingness to offer himself for re-appointment, be not filled up. 5. To appoint 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 of the Company, on remuneration, terms & conditions. 6. To appoint a Director in place of Mr. M M Venkatachalam who was appointed as an Additional Director under Article 109 of the Articles of Association of the Company and holds office up to the date of this Annual General Meeting by reason of Section 260 of the Companies Act, 1956 but being eligible offers himself for reappointment and in respect of whom a notice in writing has been left at the Registered Office of the Company by a Member under Section 257 of the Companies Act, 1956 signifying his intention to propose Mr. M M Venkatachalam as a candidate for the office of the Director. 7. To create, offer, issue and allot at any time to or to the benefit of such person(s) who are an permanent employment of the Company, including any Managing Director and Wholetime Director of the Company, options exercisable into not more than 5% of the issued Equity Share Capital of the Company, that is 6392988 Equity Shares of the Company under one or more Employee Stock Option Scheme(s) in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority each option would be exercisable for one equity share of a face value of Rs 2/- each fully paid-up on payment of the requisite exercise price to the Company, subject to necessary provisions & approvals. (As Per BSE Announcement Website Dated on 04/07/2007) Coromandel Fertilisers Ltd has informed BSE that the shareholders at the 45th Annual General Meeting (AGM) of the Company held on July 24, 2007, have approved the special resolution under Sec 81(1A) of the Companies Act, 1956 for issue of Stock Options up to a maximum of 5% of the issued equity capital of the Company aggregating to 6392988 equity shares. (As Per BSE Announcement Website Dated on 31/08/2007) Coromandel Fertilisers Ltd has informed BSE that the members at the 45th Annual General Meeting (AGM) of the Company held on July 24, 2007, inter alia, have also accorded the following: 1. Adoption of the Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the financial year ended an that date, together with the Report of the Auditors and the Report of the Directors for the relevant period. 2. Declaration of dividend at Rs 2.00 per share (100%) on the equity share capital of the Company for the year ended March 31, 2007. 3. Elected Mr. S Viswanathan as a Director of the Company. 4. The vacancy caused by the retirement by rotation of Mr. T M M Nambiar who has conveyed in writing to the Company his unwillingness to offer himself for reappointment, be not filled up. 5. Appointment of M/s. Price Waterhouse, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions. 6. Elected Mr. M M Venkatachalam as a Director of the Company. (As Per BSE Announcement Website Dated on 03/09/2007) 

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 7,887.37 15.95 1.66 11.19 9.1 10.2 0.66
Coromandel Inter 7,350.43 10.23 3.10 7.61 41.6 31.9 1.01
Natl.Fertilizer 3,762.75 38.93 2.25 18.71 8.5 10.1 0.31
G S F C 3,383.27 4.40 1.20 1.97 30.1 37.4 0.22
R C F 3,067.40 13.21 1.52 8.34 12.7 14.9 0.47
Chambal Fert. 3,023.77 12.23 1.70 6.72 21.6 13.6 1.69
F A C T 1,837.68 0.00 12.91 25.03 0.0 0.0 6.12
G N F C 1,238.70 3.59 0.54 4.68 12.2 13.3 0.39
Deepak Fert. 1,170.41 5.49 1.00 5.06 18.7 17.4 0.75
Mangalore Chem. 477.04 6.96 1.05 3.46 21.0 25.3 0.39
Zuari Inds. 420.26 8.84 0.73 8.36 14.6 12.8 0.90
Madras Fert. 317.37 2.87 -0.72 4.04 25.5 10.0 0.00
S P I C 275.19 5.20 -0.26 9.65 3.1 0.9 0.00
Khaitan Chemical 139.20 5.98 1.31 3.51 34.0 29.3 1.40
Liberty Phosphat 113.64 2.28 0.85 1.55 49.0 48.5 0.67

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Key Information

Key Executives:

A Vellayan , Chairman 

Kapil Mehan , Managing Director 

B V R Mohan Reddy , Director 

R A Savoor , 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

Fund Holding

 

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