Coromandel International (CIL) is engaged in the business of farm inputs comprising of fertiliser, crop protection, specialty nutrients and organic compost.On the financial health front, the company is reducing its debt burden over the years from 1.03x debt-equity ratio in FY13 to 0.9 in FY19. Futher more the company is steadily increasing its cash flow from `263 in FY18 to `526cr in FY19. It has also been maintaining a healthy dividend payout of ~30%. On TTM earnings the stock trades at 19.1x and delivers ROCE of 22.5%. Hence BUY.
