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Coal India

₹417.3 -1.1 | 0.3%

Market Cap ₹257140 Cr.

Stock P/E 6.9

P/B 2.7

Current Price ₹417.3

Book Value ₹ 156.1

Face Value 10

52W High ₹544.7

Dividend Yield 6.11%

52W Low ₹ 342.3

Overview Inc. Year: 1973Industry: Mining & Minerals

Coal India Ltd (CIL) is a holding company in India. The Company is a coal mining enterprise, that is engaged within the production and sale of coal. The Company offers products, which includes Coking Coal, Semi Coking Coal, Non-Coking Coal, Washed and Beneficiated Coal, Middlings, Rejects, Coal Fines/Coke Fines, and Tar/Heavy Oil/Light Oil/Soft Pitch. Its Middlings are utilized in power generation, brick manufacturing gadgets and cement plants. The Washed and Beneficiated Coal merchandise are used within the production of hard coke for steel making and generating power. Its Semi Coking Coal merchandise are used as mixture-in a position coal in metal making, service provider coke production and other metallurgical industries. Its Non-Coking Coal products are used for cement, fertilizer, glass, ceramic, paper, chemical and brick production, and for other heating purposes. CIL operates thru about 82 mining areas spread over 8 provincial states of India.

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Coal India Share Price

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Coal India Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 35092 29838 35169 38152 35983 32776 36154 37410 36465 30673
Other Income 995 1761 1585 2219 1538 1984 2203 2244 1885 1505
Total Income 36087 31599 36754 40372 37521 34760 38357 39655 38349 32178
Total Expenditure 22841 22558 24781 28819 22408 22738 24781 26073 22126 22056
Operating Profit 13245 9041 11974 11552 15113 12022 13576 13582 16223 10122
Interest 150 135 204 195 178 182 227 232 209 208
Depreciation 994 1077 1262 1860 1527 1594 1260 1993 1952 1898
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 12101 7829 10508 9498 13408 10246 12089 11356 14062 8016
Provision for Tax 3243 1643 2875 2700 2887 2287 3281 2790 3204 1879
Profit After Tax 8858 6186 7633 6798 10521 7959 8808 8566 10858 6138
Adjustments -25 -142 122 77 7 90 261 116 101 151
Profit After Adjustments 8833 6044 7756 6875 10528 8049 9069 8682 10959 6289
Adjusted Earnings Per Share 14.3 9.8 12.6 11.2 17.1 13.1 14.7 14.1 17.8 10.2

Coal India Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 85837 92270 104642 119264 85476 99959 96283 90233 109941 138506 142613 140702
Other Income 7971 6999 7076 6033 5531 5878 6446 3989 3902 10251 14275 7837
Total Income 93808 99269 111718 125297 91008 105837 102729 94222 113843 148758 156889 148539
Total Expenditure 68873 75356 87065 107533 76745 74994 74703 71849 85248 97958 100948 95036
Operating Profit 24935 23913 24653 17764 14263 30843 28026 22372 28595 50800 55941 53503
Interest 59 9 388 410 430 264 503 642 541 684 819 876
Depreciation 1996 2320 2826 2907 3063 3450 3451 3718 4429 6833 6735 7103
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 22880 21584 21440 14446 10770 27127 24071 18009 23616 43275 48813 45523
Provision for Tax 7768 7857 7172 5165 3732 9662 7371 5307 6238 11552 11443 11154
Profit After Tax 15112 13727 14268 9282 7038 17464 16700 12702 17378 31723 37369 34370
Adjustments 0 0 -1 -2 1 -1 14 -2 -20 40 33 629
Profit After Adjustments 15112 13727 14267 9280 7039 17463 16714 12700 17358 31763 37402 34999
Adjusted Earnings Per Share 23.9 21.7 22.6 14.9 11.3 28.3 27.1 20.6 28.2 51.5 60.7 56.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 16% 7% 5%
Operating Profit CAGR 10% 36% 13% 8%
PAT CAGR 18% 43% 16% 9%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 19% 41% 17% 1%
ROE Average 52% 52% 50% 45%
ROCE Average 64% 66% 63% 61%

Coal India Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 42444 40399 34833 24518 20179 26455 32157 36517 43143 60843 82730
Minority's Interest 64 66 105 346 362 408 394 441 674 771 852
Borrowings 171 202 263 295 1054 1472 1993 2688 3302 4106 5617
Other Non-Current Liabilities 35196 38552 44229 45908 50201 54319 63097 67480 71782 85123 84059
Total Current Liabilities 24435 29410 31354 44016 48319 46098 49068 50587 57209 68773 61273
Total Liabilities 102310 108628 110784 115082 120116 128752 146709 157713 176109 219616 234531
Fixed Assets 14784 16115 20731 22094 27574 32618 36784 42405 46677 64547 75668
Other Non-Current Assets 7260 14587 17726 23069 26426 26463 26238 30555 36586 46985 54979
Total Current Assets 80227 77880 72327 69920 66116 69671 83688 84753 92846 108084 103883
Total Assets 102310 108628 110784 115082 120116 128752 146709 157713 176109 219616 234531

Coal India Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 11685 9439 3156 4876 4194 3998 1572 2791 5112 7063 5627
Cash Flow from Operating Activities 14525 14382 13154 16461 21115 16356 4977 10592 41107 35734 18103
Cash Flow from Investing Activities 8580 894 8154 455 -7747 -7896 1033 182 -25715 -23465 -4486
Cash Flow from Financing Activities -25350 -15026 -19587 -17598 -13564 -10885 -4791 -8453 -13441 -13704 -13899
Net Cash Inflow / Outflow -2246 250 1721 -682 -196 -2426 1219 2321 1951 -1436 -282
Closing Cash & Cash Equivalent 9439 9689 4876 4194 3998 1572 2791 5112 7063 5627 5345

Coal India Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 23.92 21.73 22.59 14.95 11.34 28.34 27.12 20.61 28.17 51.54 60.69
CEPS(Rs) 27.09 25.4 27.06 19.64 16.27 33.94 32.7 26.64 35.39 62.56 71.57
DPS(Rs) 29 20.7 27.4 19.9 16.5 13.1 12 16 17 24.25 25.5
Book NAV/Share(Rs) 67.13 63.89 55.15 39.5 32.51 42.93 52.18 59.26 70.01 98.73 134.24
Core EBITDA Margin(%) 18.61 17.31 15.88 9.36 6.67 16.91 15.19 13.67 15.22 20.41 20.14
EBIT Margin(%) 25.16 22.09 19.72 11.85 8.55 18.55 17.3 13.86 14.89 22.13 23.99
Pre Tax Margin(%) 25.09 22.09 19.37 11.52 8.23 18.37 16.94 13.39 14.56 21.78 23.59
PAT Margin (%) 16.57 14.05 12.89 7.4 5.38 11.83 11.75 9.44 10.71 15.97 18.06
Cash Profit Margin (%) 18.76 16.42 15.44 9.72 7.71 14.16 14.18 12.21 13.44 19.41 21.32
ROA(%) 14.37 13.01 13.01 8.22 5.98 14.04 12.13 8.35 10.41 16.03 16.46
ROE(%) 33.26 33.17 37.95 31.28 31.49 74.9 56.99 36.99 43.63 61.01 52.06
ROCE(%) 49.67 51.82 56.85 46.75 45.48 108.73 73.08 46.06 54.38 78.91 64.47
Receivable days 37.47 31.3 32.92 34.82 26.11 14.53 25.57 46.17 34.86 22.44 23.21
Inventory Days 22.39 21.95 22.67 24.04 21.45 14.87 15.67 21.12 18.02 13.99 16.17
Payable days 7301.11 -557.35 -533 -1058.33 1179.97 3493.89 -3098.79 -1387.03 1292.05 0 -2031.29
PER(x) 12.03 16.68 12.93 19.59 25 8.36 5.16 6.33 6.5 4.15 7.15
Price/Book(x) 4.29 5.67 5.29 7.41 8.72 5.52 2.68 2.2 2.61 2.16 3.23
Dividend Yield(%) 10.07 5.71 9.38 6.8 5.82 5.53 8.57 12.27 9.29 11.35 5.88
EV/Net Sales(x) 1.51 1.97 1.41 1.29 1.71 1.17 0.67 0.76 0.78 0.69 1.71
EV/Core EBITDA(x) 5.2 7.61 5.99 8.65 10.25 3.79 2.29 3.08 3.01 1.89 4.35
Net Sales Growth(%) 3.22 7.49 13.41 13.97 -28.33 16.94 -3.68 -6.28 21.84 25.98 2.97
EBIT Growth(%) -8.34 -5.87 1.09 -31.94 -24.61 144.55 -10.28 -24.1 29.52 81.97 12.91
PAT Growth(%) -12.93 -9.17 3.94 -34.95 -24.17 148.14 -4.38 -23.94 36.81 82.54 17.8
EPS Growth(%) -12.93 -9.16 3.93 -33.82 -24.15 149.9 -4.29 -24.02 36.68 82.99 17.75
Debt/Equity(x) 0 0.01 0.03 0.12 0.08 0.08 0.2 0.16 0.08 0.07 0.08
Current Ratio(x) 3.28 2.65 2.31 1.59 1.37 1.51 1.71 1.68 1.62 1.57 1.7
Quick Ratio(x) 3.06 2.44 2.07 1.39 1.23 1.39 1.57 1.5 1.5 1.45 1.53
Interest Cover(x) 389.51 2375.47 56.3 36.2 26.04 103.88 48.86 29.04 44.61 64.24 60.57
Total Debt/Mcap(x) 0 0 0.01 0.02 0.01 0.02 0.07 0.07 0.03 0.03 0.02

Coal India Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 66.13 66.13 66.13 66.13 63.13 63.13 63.13 63.13 63.13 63.13
FII 6.54 6.73 7.86 7.84 9.3 7.79 8.59 8.42 8.4 9.16
DII 22.58 22.61 21.27 21.14 22.4 24.16 23.16 23.29 23.26 22.67
Public 4.75 4.52 4.74 4.89 5.17 4.91 5.11 5.16 5.21 5.03
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 52%
  • Debtor days have improved from 0 to -2031.29days.
  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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