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Coromandel International has allotted 15,050 equity shares ESOP on 04 September 2023. With this allotment, the share capital of the Company shall stand increased from Rs. 29,43,60,519divided into 29,43,60,519 equity shares of face value Re. 1each to Rs. 29,43,75,569divided into 29,43,75,569 equity shares of face value Re. 1each.

Coromandel International allots 15,050 equity shares under ESOP 

Coromandel Internationals subsidiary, Dhaksha Unmanned Systems, a has bagged an order to supply 200 medium altitude logistics drones and accessories to the Indian Army. Recently, Dhaksha has also bagged a 400-drone contract from agri inputs cooperative IFFCO for supply of agri-spraying drones. These are planned to be delivered over the course of next 12 months. Dhakshas orders for the current year have exceeded Rs 165 crore including the order from Defence and IFFCO. The company also has a strong order pipeline which will further increase the potential revenues for the current year.The company has a technology collaboration with Anna University and is the only player in the country to receive type certificates from DGCA for three drone models in medium & small categories for agriculture and surveillance applications

Dhaksha Unmanned Systems bags order from India Army 

Recently, Dhaksha, an Indian drone manufacturer, had also bagged a 400-drone contract from agri inputs cooperative IFFCO for supply of agri-spraying drones. These are planned to be delivered over the course of next 12 months, Coromandel stated.Dhakshas orders for the current year have exceeded Rs 165 crore, including the order from Defence and IFFCO. The company also has a strong order pipeline which will further increase the potential revenues for the current year.The company has a technology collaboration with Anna University and is the only player in the country to receive type certificates from DGCA for three drone models in medium & small categories for agriculture and surveillance applications.Arun Alagappan, Executive Vice Chairman of Coromandel International said, The defence contract validates Dhakshas technology capability and its potential to capture opportunities in Unmanned Aerial Systems (UAS) space. This enables entry of Coromandel and Murugappa Group into Indian Defence sector supplies. We are excited to partner and support Dhaksha and drive the Atma Nirbhar Bharat vision in Drones manufacturing.”Coromandel International is amongst Indias pioneers and leading Agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertiliser, Crop Protection, Bio Products, Specialty Nutrients and Organic businesses. The company had reported 1.01% fall in consolidated net profit to Rs 494.03 crore as sales remained flat at Rs 5,693.39 in Q1 FY24 over Q1 FY23.The scrip rose 0.47% to currently trade at Rs 1047.25 on the BSE.

Coromandel Intl's subsidiary bags drones supply contract from Indian Army

Motilal Oswal is bullish on Coromandel International recommended buy rating on the stock with a target price of Rs 1185 in its research report dated July 30, 2023.

Buy Coromandel International; target of Rs 1185 : Motilal Oswal

Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1155 in its research report dated July 28, 2023.

Buy Coromandel International; target of Rs 1155: Sharekhan

Coromandel Int Standalone June 2023 Net Sales at Rs 5,693.48 crore, down 0.5% Y-o-Y

Revenues fell 0.6 percent at Rs 5740 crore year-on-year in Q1FY24.

Coromandel International's net profit down 1 percent to Rs 494 crore in Q1

The ideal strategy would remain to buy on dips and book profits at higher levels

Hot Stocks | Here's why you should bet on BEML, Coromandel International for short term

Coromandel International will hold a meeting of the Board of Directors of the Company on 27 July 2023.

Coromandel International schedules board meeting

Coromandel International Ltd. engages in the manufacture and market of fertilizers and pesticides products. It operates through the Nutrients and Allied Business; and Crop Protection segments. The Nutrients and Allied Business segment consists of specialty nutrients and organic fertilizers. The Crop Protection segment produces insecticides, fungicides, and herbicides. The company was founded on October 16, 1961 and is headquartered in Secunderabad, India.

Watchers	89
52-Wk Low	838.00
52-Wk High	1,152.95

Market Cap	337.43B
Volume (M)	508,222.00
52-Wk High	1,152.95
52-Wk Low	838.00

COROMANDEL.NSE Coromandel International Ltd

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