Coromandel International Moat Analysis: Score & Risks
Coromandel International Ltd.
A first-pass moat teardown of Coromandel International Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Network Effects. Provisional, single-pass evidence.
Coromandel International Ltd. scores 5.34 on MoatSCORE 6.0 — a narrow moat in Chemicals. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“We have 16 manufacturing facilities, producing wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and our retail centres.”
“Furthering our backward integration agenda to be competitive vis-à-vis competition.”
“Filed 38 patents during the year, of which 9 patents were granted, strengthening process and product IP protection.”
“SND achieved ~43 % of its 87.5 k MT capacity and Nano delivered ~46 % of its 10 k KL capacity”
“It has also received FCO registration for two grades of fertilisers fortified with magnesium.”
“The increase in revenues is attributable to higher raw material prices which has driven or higher MRP and high subsidy realization as far as the nutrient business is concerned.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 6 — at or above 6, consistent with a narrow read. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 509 Indian companies we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the Moat Screener.
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