COALINDIA · NSE

Coal India Limited

₹409.9

-1.94% (-₹8.1)

Prev. close

₹418

Volume

77,00,870

Delivery %

64.3%

As of

18 Sept 2026

Price history

Bullish

Parthiv Jhonsa · Anand Rathi Institutional Equities · 19 Mar 2026

Parthiv Jhonsa is bullish on Coal India, maintaining a buy call with a target price of ₹480. He expects an extended, hotter-than-normal summer to drive increased thermal power demand, boosting Coal India's volumes to 747mt in FY24, 800mt in FY27, and 847mt in FY28. Surging e-auction prices, projected to exceed ₹2,500/tonne into Q1 next FY, will enhance margins, while upcoming subsidiary listings of MCL and SECL by year-end are expected to unlock significant value, with the stock currently trading at a meaningful discount to fair value (below 6x EV/EBITDA on FY28 basis).

Target ₹480HITCall pageClear
₹409.9-₹44.3 (-9.75%) · CALL
19 Mar 202618 Sept 2026
₹400Target ₹480Entry ₹454.219 Mar07 May18 Jun06 Aug18 SeptCall published 16:34
Parthiv Jhonsa's call · 19 Mar 2026

Analyst sentiment

Analysts lean bullish

3 analyst stances · last 90 days · one per analyst

Trackable

3 · 2 bull / 1 neutral / 0 bear

Long-Horizon

none in window

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 67% (2)Neutral 33% (1)Bearish 0% (0)
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Analyst opinions

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Fundamentals

About Coal India Limited

Coal India Limited, together with its subsidiaries, produces and sells coal and coal products in India. The company offers coking coal for steel making and metallurgical industries, as well as for hard coke manufacturing; semi coking coal for blend-able coal in steel making, merchant coke manufacturing, and other metallurgical industries; and non-coking coal for cement, fertilizer, glass, ceramic, paper, chemical, and brick manufacturing, as well as power generation and other heating purposes. It also provides washed and beneficiated coal for manufacturing of hard coke for steel making and power generation, as well as for cement, sponge iron, and other industrial plants; middling products for power generation, domestic fuel plants, brick manufacturing units, cement plants, and industrial plants, etc.; and reject products for fluidized bed combustion boilers for power generation, road repairs, briquette making, and land filling, etc. In addition, the company offers CIL/LTC coke for use in furnaces and kilns of industrial units, as well as for domestic fuel by halwais and hotels, etc.; coal/coke fines for use in industrial furnaces and domestic purposes; and tar, heavy and light oil, and soft pitch for use in furnaces and boilers of industrial plants, power houses, oil, dye, and pharmaceutical industries, etc. Further, it engages in coal mining and gasification; consultancy support in coal and mineral exploration; and renewable energy activities. The company serves the power and non-power sectors. The company was formerly known as Coal Mines Authority Limited and changed its name to Coal India Limited in January 1975. Coal India Limited was incorporated in 1973 and is headquartered in Kolkata, India.

Details

Sector

Energy

Industry

Thermal Coal

CEO

Mr. B. Sairam

Headquarters

Kolkata

Employees

2,12,066

Key stats

Market cap

₹2.53 L Cr

P/E ratio (TTM)

8.1

Dividend yield

5.12%

EPS (TTM)

₹50.54

Beta (1Y · daily vs NIFTY 50)

0.17

Beta (5Y · monthly vs NIFTY 50)

0.68

Shares float

239.57 Cr

EPS · quarter ended Jun 2026

₹14.36

Upcoming earnings

29 Oct 2026

Financial Performance

01 · Financials

0 L Cr0.5 L Cr1 L Cr1.5 L Cr2 L Cr-20%0%20%40%FY21FY22FY23FY24FY25FY26
RevenueRevenue growth YoY

Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 8.5% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide. Net income and EBITDA are omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.

02 · Earnings Per Share (EPS)

0255075FY21FY22FY23FY24FY25FY26

03 · Dividend Profile

05101520-25%0%25%50%19 Mar 2019 Nov 2015 Mar 2102 Sept 2106 Dec 2121 Feb 2211 Aug 2215 Nov 2208 Feb 2318 Aug 2321 Nov 2320 Feb 2416 Aug 2405 Nov 2431 Jan 2506 Aug 2521 Aug 2504 Nov 2518 Feb 2631 Jul 2604 Sept 26
Dividend (₹/share)Annualised yieldAnnual dividend growth (FY)

Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based

-50%0%50%100%FY21FY22FY23FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

0 L Cr1 L Cr2 L Cr3 L Cr0.25×0.5×0.75×FY21FY22FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

0 L Cr1 L Cr2 L Cr3 L CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

-50000 Cr0 Cr50000 CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹90,026.01 Cr₹1.10 L Cr₹1.27 L Cr₹1.27 L Cr₹1.66 L Cr₹1.66 L Cr
EBITDA₹50,687.44 Cr₹56,292.02 Cr₹56,929.30 Cr₹52,929.85 Cr
₹31,763.23 Cr₹37,402.29 Cr₹35,505.78 Cr₹31,094.29 Cr
Diluted EPS₹20.61₹28.17₹51.54₹60.69₹57.61₹50.46

Depreciation & amortisation, EBITDA, Net income, Pretax income, Tax provision, Interest expense have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹1.62 L Cr₹1.80 L Cr₹2.11 L Cr₹2.37 L Cr₹2.59 L Cr₹2.86 L Cr
₹5,882.89 Cr₹3,513.64 Cr₹4,331.42 Cr₹6,523.03 Cr₹9,145.73 Cr₹14,072.18 Cr
Stockholders' equity₹36,517.36 Cr₹43,143.04 Cr₹57,244.89 Cr₹85,197.56 Cr₹1.02 L Cr₹1.19 L Cr

CWIP, Others have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹10,559.85 Cr₹41,087.51 Cr₹35,733.97 Cr₹18,103.10 Cr₹30,236.90 Cr₹43,214.60 Cr
Investing cash flow₹338.87 Cr₹-26,481.03 Cr₹-23,465.49 Cr₹-4,485.80 Cr₹-11,113.60 Cr₹-33,954.58 Cr
₹-8,455.40 Cr₹-13,441.24 Cr₹-13,704.35 Cr₹-13,899.27 Cr₹-13,308.50 Cr₹-11,800.67 Cr
Capital expenditure₹-11,015.20 Cr₹-26,858.35 Cr₹-15,318.11 Cr₹-16,821.34 Cr₹-14,332.14 Cr₹-12,499.64 Cr
End cash position₹5,112.40 Cr₹7,063.48 Cr₹5,665.38 Cr₹5,345.46 Cr₹11,160.26 Cr₹8,619.62 Cr

Depreciation & amortization, Change in working capital, Dividends paid have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemSep 21Mar 23(7Q)Jun 23Mar 26(12Q)Jun 26
Promoter66.13%63.13%61.13%
Public33.87%36.87%38.87%
Employee trusts0.00%0.00%0.00%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Energy

Company
Reliance Industries Limited₹16.84 L Cr₹1,226.422.51.868.9%0.44+9.6%-13.3%
Adani Enterprises Limited₹4.16 L Cr₹3,02050.85.1411.5%1.32+2.6%+25.7%
Oil & Natural Gas Corporation Limited₹2.92 L Cr₹232.86.70.7911.1%0.47-0.6%-1.2%
Coal India Limited₹2.58 L Cr₹409.98.32.1626.1%0.12+0.1%+4.3%
Indian Oil Corporation Limited₹1.90 L Cr₹1375.50.8619.2%0.60+2.6%-6.9%
Bharat Petroleum Corporation Limited₹1.30 L Cr₹3077.61.2925.8%0.54+2.6%-5.1%
Oil India Limited₹77,654.26 Cr₹475.79.31.3411.4%0.65+4.4%+19.2%
Hindustan Petroleum Corporation Limited₹74,601.46 Cr₹35944.71.1427.5%0.85+1.0%-12.1%
Aegis Logistics Limited₹47,518.38 Cr₹1,415.438.07.8514.8%0.69+26.1%+80.4%
Petronet LNG Limited₹42,517.51 Cr₹292.610.11.9117.6%0.11-14.5%+4.6%
Aegis Vopak Terminals Limited₹32,901.81 Cr₹310.7108.07.677.2%0.87+17.0%+27.3%
Mangalore Refinery and Petrochemicals Limited₹28,702.31 Cr₹165.389.12.0213.6%1.08-6.4%+26.2%

Ranked by market cap within Energy, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Index membership

71 indices

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

COALINDIA

Coal stocks at India’s thermal power plants fall to 9 days, lowest in 34 months

Moneycontrol.com · 2 days ago

COALINDIA

Coal India’s August Offtake Surge Masks a Deeper Production Risk

Coal India's August offtake increased by 5.5% year-on-year, reaching 60.6 MT, while production fell by 5.7% to 47.5 MT. This divergence indicates the company is drawing down its substantial inventory to meet demand, shipping 13 MT more than it produced in August. This strategy, also seen in cumulative April-August figures, raises questions about long-term production sustainability once stockpiles are depleted.