Investors with a medium- to long-term perspective can consider buying the stock of Coromandel International, the country’s second-largest phosphatic fertilizer player.
Given the rising population and the demand for food, the long-term prospects of agri-input manufacturers appear healthy. Risks posed by climate change that hit crop outputs will continue to keep demand for fertilizers and crop-protection chemicals high.
Government measures to support farm income growth will also help. In Andhra Pradesh, a large market for Coromandel International, the State government launched the Rythu Bharosa scheme in October 2019, which entitles each eligible farmer to a sum of ₹13,500 per year for agri-inputs.
Coromandel International has a strong product portfolio, developed in-house through its R&D facility. Aside from phosphatic fertilizers, it produces and sells specialty nutrients including organic fertilizers and crop protection chemicals. It has direct connect with about 30 lakh farmers through various initiatives, which makes it easier to launch new products. The company has a pan-India reach through 10,000 dealers and 800 retailers, with a significant presence in Andhra Pradesh, Telangana, and Karnataka.
Bu hikaye The Hindu Business Line dergisinin January 06, 2020 sayısından alınmıştır.
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Bu hikaye The Hindu Business Line dergisinin January 06, 2020 sayısından alınmıştır.
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