Forbes India has selected Coromondel India, one of he best performing stock of 2010, as its top pick for 2011.

Is there still some juice left in it.?

It does fill my 2 important qualification criteria Ethical Promote n Good growth. Thinking of converting my laggards like Patel Engg, Gitanjali ,Royal Orchid, 3 infotech into CIL.

Views invited from all

Theme: Agricultural Growth
Stock: Coromandel International
At a growth rate of 4-5 percent, agriculture is expected to play a crucial role in GDP growth in the coming year. Indian farmers have begun to invest handsomely in improving yields and Coromandel has positioned itself as a complete farm inputs company. While the company has a strong franchise in fertilizers, it is the new businesses such as speciality nutrients that will be the key growth driver. This new revenue stream now accounts for 10 percent of sales, but is seeing a 40 percent annual growth rate. The profit margins are about three times that of the fertilizer business at 10-12 percent.


Edited by TCSer - 04/Jan/2011 at 9:30pm

EID Parry the promoter of Coromandel itself is also interesting based on its stake in coromandel plus its own sugar business.

Murugappa group alongwith Tata,Mahindra,Asian paints are one of the most ethical groups in India.

This is the icing on cake for all their business.