Coromandel International stock: fair value
COROMANDEL.NSThe fair value of Coromandel International under our model is $5.59, the price is 279% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $3.99 and expensive above $9.32 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $2.23 (cash-flow model) and $8.95 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 12.6%. At 13.6% the fair value would be $5.43, at 11.6% it would be $5.82.
Where the number comes from
Half from the cash-flow model, half from earnings times the sector P/E (15.9).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 6.9%. Discounted at 12.6% (government bond yield 6.9% plus beta 0.8 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $2.23 per share: free cash flow for the next ten years, each year discounted to today at 12.6%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 12.6%) |
|---|---|---|---|---|
| 2027 | $46.89M | extrapolated at −5.6% | 0.8881 | $41.64M |
| 2028 | $46.02M | extrapolated at −1.8% | 0.7887 | $36.29M |
| 2029 | $46.38M | extrapolated at 0.8% | 0.7004 | $32.48M |
| 2030 | $47.6M | extrapolated at 2.6% | 0.6220 | $29.61M |
| 2031 | $49.47M | extrapolated at 3.9% | 0.5524 | $27.33M |
| 2032 | $51.86M | extrapolated at 4.8% | 0.4905 | $25.44M |
| 2033 | $54.69M | extrapolated at 5.5% | 0.4356 | $23.83M |
| 2034 | $57.92M | extrapolated at 5.9% | 0.3869 | $22.41M |
| 2035 | $61.53M | extrapolated at 6.2% | 0.3436 | $21.14M |
| 2036 | $65.48M | extrapolated at 6.4% | 0.3051 | $19.98M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $280.15M |
| Terminal value: cash flow 2036 × (1 + 6.9%) / (12.6% − 6.9%) | $1.24B |
| Present value of terminal value (× 0.3051) | $377.23M |
| Equity value (sum plus present value of terminal value) | $657.38M |
| Shares (diluted) | 294.80M |
| Value per share (equity value divided by shares) | $2.23 |
| Earnings per share, last twelve months | $0.56 |
| × 15.9 (sector P/E) | $8.95 |
| Fair value (average of both parts) | $5.59 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 6 Feb 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.