1. At a Glance
Coromandel Engineering, a Murugappa Group veteran, trades at ₹60.9 with a P/E of 494 and book value ₹1.88 (yes, it’s 32x its book value). Sales collapsed by -68% TTM, but net profit magically turned positive in FY25. A zombie that just learned to moonwalk.
2. Introduction with Hook
Imagine a 77-year-old bodybuilder returning to the gym – that’s Coromandel. After years of financial cardio arrest, Q4FY25 shows Net Profit ₹2.8 Cr, OPM soaring to 58% (fluke alert!). But is it a one-off or the start of a comeback saga?
3. Business Model (WTF Do They Even Do?)
- Construction Contracting: Factories, plants, hotels, apartments.
- Property Development: Premium projects in Chennai & Bangalore.
- Legacy Flex: Built LIC Building, Windsor Manor, Chola Sheraton.
Basically, a heritage contractor stuck in a modern-day
