Coromandel plans ₹4,000–5,000 crore capex to stabilize earnings
after close1 source ↓written by the desknot a recommendation
- in a capex
- ₹4,000–5,000 crore
- over the past
- 30%
Coromandel International is set to invest ₹4,000–5,000 crore in a capex plan aimed at enhancing margins and reducing earnings volatility. The company’s stock has surged 30% over the past year as investors respond positively to its strategy to stabilize earnings and lessen reliance on fluctuating raw materials.
This aggressive investment could potentially lead to improved Ebitda margins and a more stable financial outlook for the company.
Not investment advice. For informational purposes only.