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Coal India Ltd

COALINDIA NSE

Key Fundamentals

LargecapCoalEnergy
Market Cap
2.5L Cr
Volatility
Moderate
P/E Ratio
8.11
EBITDA
₹52,518 Cr
Return on Equity
25.68%
Debt to Equity
0.12
Book Value
₹193.26
EPS
₹59.34
52W High
₹491.25
52W Low
₹368.65

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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54 extracted metrics + investor summaries across FY11–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Stock is providing a good dividend yield of 6.47%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.9%
  • Company has been maintaining a healthy dividend payout of 46.8%

Weaknesses

1
  • Promoter holding has decreased over last quarter: -2.00%

Growth Rate

Revenue Growth
0.54% ↗
Net Income Growth
-12.35% ↗
Cash Flow Change
42.92% ↗
ROE
-25.76% ↘
ROCE
-18.39% ↗
EBITDA Margin (Avg.)
-7.84% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Coal India Ltd is the world's largest coal producer with a market cap of ~₹2.55 lakh crore, trading at a PE of 8.2x with FY25 EPS of ₹27.61 and a total dividend of ₹26.50 per share (payout ratio ~96%). Revenue stood at ₹1,43,369 crore in FY25 while net profit declined 6% YoY to ₹35,302 crore, reflecting e-auction price softness even as production reached 781 MT.

Bull Case 8
  • Exceptionally low PE of 8.2x versus broader market multiples, indicating undemanding valuation for a Maharatna PSU with ₹2.55 lakh crore market cap
  • Dividend yield of ~5.12% with FY25 total payout of ₹26.50 per share (265% of face value), representing a payout ratio of approximately 96%
  • Strong 3-year ROE track record of 38.2% and 5-year average ROE of 42%, demonstrating high capital efficiency for a mining business
  • Massive ₹68,000 crore capex plan over FY27-FY30 to expand capacity, strengthen infrastructure, and diversify into solar (target 3,000 MW by FY28)
  • India's coal import dependence has fallen to 42% in FY25 from 47% in FY17, driven by higher domestic production — positioning CIL as the primary beneficiary of import substitution
  • FY26 production target of 875 MT and offtake target of 900 MT implies ~12% volume growth over FY25 actual production of 781 MT
  • Subsidiary listing plans (MCL and SECL IPOs) could unlock significant value from individual mine-level valuations
  • 5-year compounded profit CAGR of 20% and stock CAGR of 23% over 3 years demonstrate strong medium-term wealth creation
Bear Case 8
  • FY25 net profit declined 6% YoY to ₹35,302 crore and TTM compounded profit growth is negative at -6%, signalling earnings pressure
  • E-auction realisations fell 7% in Q1FY25 to ₹5,589 crore as auction premiums normalised from post-COVID highs, compressing margins
  • FY25 production of 781 MT missed the internal target of 838 MT by 7%, raising execution credibility concerns
  • India's average coal plant PLF is projected to fall from ~69% in FY25 as coal shifts from baseload to flexible balancing by FY32, indicating structural demand risk from renewables
  • Promoter (Government of India) holding decreased by 2% in the last quarter, signalling potential further stake dilution via OFS
  • 10-year stock CAGR of only 2% despite strong recent years, reflecting long periods of value erosion and cyclicality
  • Revenue growth has slowed to 6% TTM and 7% over 3 years, suggesting limited pricing power in the regulated fuel supply agreement segment
  • Renewable energy capacity at just 247 MW as of December 2025 against a 3,000 MW FY28 target highlights early-stage diversification with execution risk

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 4h ago
Headwinds 3
  • YTD production down 4.3% Aug 1

    Despite strong July numbers, Coal India's year-to-date production fell 4.3%, indicating cumulative output challenges in FY27 so far.

  • Q1FY27 production drops 7% Jul 27

    Coal India's Q1FY27 coal production fell 7% YoY to 169.63 MT, suggesting operational or seasonal constraints despite rising offtake.

  • Safety concerns persist Aug 7

    FY26 BRSR filing discloses 11 employee fatalities and Scope 1 emissions of 281.90 Mn MT, highlighting ongoing safety and ESG risks.

Positives 5
  • July offtake surges 17.4% Aug 1

    Coal India's July 2026 off-take rose 17.4% YoY to 63.7 million tonnes, with production up 8.4% to 50.4 MT, signalling strong demand recovery.

  • Q1FY27 revenue up 8% Jul 27

    Consolidated revenue rose 8% to ₹46,255 crore in Q1FY27, with PAT of ₹8,850 crore (up 0.7% YoY), showing steady profitability.

  • Dual dividends announced Jul 27

    Board declared ₹5.50/share interim dividend for FY27 (record date Jul 31) and ₹5.25/share final dividend for FY26 (record date Sep 4), totalling ₹10.75/share.

  • E-auction prices up 41% Aug 1

    July 2026 SWMA e-auction realizations rose 41% over notified prices with 33% allocation rate; North Coalfield achieved 100% allocation.

  • Renewable energy expansion Jul 27

    Board approved ₹22.2 lakh investment in CRAUL rights issue for solar/wind projects in Rajasthan; 200 MW solar commissioned at Khavda, Gujarat on Jul 15.

Neutral 6
  • ArcelorMittal syn-gas MoU signed Aug 12

    Non-binding MoU with AMNS on Aug 12 to explore syn-gas utilization from coal gasification at Paradip with CCUS technology; feasibility study to follow.

  • Eyeing Wealth Minerals Chile Aug 11

    Coal India reportedly considering acquisition of Canada-based Wealth Minerals' Chile division for international expansion; no financial terms disclosed.

  • 52nd AGM set for Aug 31 Aug 7

    AGM scheduled for August 31, 2026 via VC/OAVM, with agenda covering dividend declarations, director appointments, and cost auditor ratification.

  • Director HR changes Jul 28

    Dr. Vinay Ranjan ceased as Director (HR) on Jul 28; Mukesh Choudhary given additional charge for three months. ED C. Jayadev also retired on Aug 1.

  • Independent Director appointed Jul 18

    Smt. Sona Kumari appointed as non-official Independent Director for three years effective July 18, 2026, by the Ministry of Coal.

  • No new promoter encumbrances Jul 27

    Coal India confirms promoters created no new encumbrances on shareholdings during FY26, maintaining clean promoter holding structure.

TL;DR: Coal India shows strong demand momentum with July offtake surging 17.4% and e-auction premiums of 41%, while Q1FY27 revenue grew 8% to ₹46,255 crore. However, production remains a concern with Q1 output down 7% and YTD down 4.3%, creating a demand-supply gap. Shareholder returns are robust with ₹10.75/share in combined dividends, and diversification into renewables and coal gasification is progressing. The trend is cautiously positive if production catches up to demand in H2, but sustained output shortfalls could pressure margins.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
35,983
32,776
36,154
38,213
36,465
31,182
36,859
37,825
42,919
30,187
34,924
46,490
46,255
Expenses
22,431
22,738
23,183
26,826
22,126
22,565
24,541
26,034
30,331
23,471
25,593
33,817
34,186
Operating Profit
13,552
10,038
12,971
11,388
14,339
8,617
12,317
11,790
12,588
6,716
9,331
12,673
12,069
OPM %
38%
31%
36%
30%
39%
28%
33%
31%
29%
22%
27%
27%
26%
Other Income
1,538
2,074
2,489
2,318
1,970
1,642
2,214
4,106
1,760
2,350
2,680
5,244
2,281
Interest
178
182
227
232
209
208
226
241
265
287
321
344
327
Depreciation
1,527
1,594
1,723
1,892
1,952
1,898
2,513
2,782
2,307
2,664
2,218
2,947
2,303
PBT
13,385
10,336
13,510
11,582
14,147
8,153
11,792
12,873
11,776
6,115
9,473
14,627
11,719
Tax %
22%
22%
24%
26%
23%
23%
28%
25%
25%
30%
24%
25%
24%
Net Profit
10,498
8,049
10,292
8,530
10,944
6,275
8,491
9,593
8,788
4,263
7,166
10,908
8,850
EPS in Rs
17.08
13.06
16.64
13.91
17.78
10.21
13.8
15.58
14.27
7.07
11.61
17.59
14.36
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
74,120
77,861
78,164
85,244
99,586
96,080
90,026
1,09,715
1,38,252
1,44,762
1,69,177
1,68,400
1,57,856
Expenses
56,777
59,147
65,716
75,956
74,579
74,500
71,398
84,995
94,020
96,791
1,26,075
1,31,228
1,17,067
Operating Profit
17,343
18,714
12,448
9,288
25,007
21,581
18,628
24,721
44,232
47,971
43,102
37,172
40,789
OPM %
23%
24%
16%
11%
25%
22%
21%
23%
32%
33%
25%
22%
26%
Other Income
6,570
5,939
5,316
4,975
5,834
6,444
3,742
3,866
6,560
8,396
14,037
16,104
12,555
Interest
9
388
410
430
264
503
642
541
684
819
884
1,216
1,278
Depreciation
2,320
2,826
2,907
3,063
3,450
3,451
3,718
4,429
6,833
6,735
9,092
10,137
10,132
PBT
21,584
21,440
14,446
10,770
27,127
24,071
18,009
23,616
43,275
48,813
47,163
41,923
41,933
Tax %
36%
33%
36%
35%
36%
31%
29%
26%
27%
23%
25%
26%
—
Net Profit
13,727
14,267
9,280
7,038
17,464
16,700
12,702
17,378
31,723
37,369
35,450
31,071
31,186
EPS in Rs
21.73
22.59
14.95
11.34
28.34
27.12
20.61
28.17
51.54
60.69
57.61
50.46
50.63
Div. Payout %
95%
121%
133%
146%
46%
44%
78%
60%
47%
42%
46%
53%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6,316
6,316
6,207
6,207
6,163
6,163
6,163
6,163
6,163
6,163
6,163
6,163
Reserves
34,037
28,517
18,311
13,971
20,292
25,994
30,355
36,980
54,680
76,567
95,558
1,12,939
Borrowings
408
1,199
3,014
1,538
2,210
6,434
5,884
3,514
4,331
6,523
9,146
14,072
Other Liabilities
70,505
77,528
91,054
1,03,754
1,04,356
1,11,430
1,18,649
1,32,780
1,56,222
1,47,217
1,47,311
1,50,782
Total Liabilities
1,11,267
1,13,560
1,18,587
1,25,471
1,33,021
1,50,020
1,61,051
1,79,436
2,21,396
2,36,470
2,58,177
2,83,956
Fixed Assets
16,115
22,082
23,811
27,574
32,618
36,784
42,405
46,677
64,547
75,668
82,148
87,252
CWIP
5,159
4,553
8,585
10,273
9,658
8,328
10,490
12,897
17,622
18,960
22,385
23,413
Investments
2,813
2,906
1,483
1,704
3,170
1,973
5,950
8,921
7,139
7,110
7,591
10,226
Other Assets
87,179
84,018
84,708
85,920
87,576
1,02,936
1,02,206
1,10,942
1,32,087
1,34,731
1,46,054
1,63,066
Total Assets
1,11,267
1,13,560
1,18,587
1,25,471
1,33,021
1,50,020
1,61,051
1,79,436
2,21,396
2,36,470
2,58,177
2,83,956
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
14,382
13,154
16,461
21,115
16,356
4,977
10,592
41,107
35,734
18,103
30,237
43,215
Investing
894
8,154
455
-7,747
-7,896
1,033
182
-25,715
-23,465
-4,486
-11,114
-33,955
Financing
-15,026
-19,587
-17,598
-13,564
-10,885
-4,791
-8,453
-13,441
-13,704
-13,899
-13,308
-11,801
Net Cash Flow
250
1,721
-682
-196
-2,426
1,219
2,321
1,951
-1,436
-282
5,815
-2,541
Free Cash Flow
9,480
7,368
7,785
12,586
9,356
-612
-260
29,111
20,523
1,353
15,958
30,783
CFO/OP
138
112
204
307
105
48
86
189
103
62
97
129
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
42
54
58
27
20
55
80
38
34
33
27
31
Inventory Days
375
541
—
—
—
—
—
—
—
—
—
—
Days Payable
50
215
—
—
—
—
—
—
—
—
—
—
Cash Conversion Cycle
367
380
58
27
20
55
80
38
34
33
27
31
Working Capital Days
0
9
-23
-59
-34
23
54
-3
-11
25
-4
4
ROCE %
52%
57%
46%
45%
107%
72%
46%
54%
78%
64%
48%
35%

Shareholding Pattern

As of Jun 2026
Promoters 61.13%
DIIs 22.20%
FIIs 10.37%
Public 4.36%
Others 1.84%
Government 0.10%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
66.13%
66.13%
66.13%
66.13%
66.13%
66.13%
66.13%
66.13%
66.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
63.13%
61.13%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8.42%
8.40%
9.16%
8.58%
7.74%
8.16%
7.96%
8.22%
8.38%
10.37%
DIIs
21.85%
21.53%
21.98%
21.23%
21.75%
22.24%
22.19%
21.18%
20.81%
22.02%
24.06%
22.59%
23.18%
23.15%
22.57%
22.58%
23.35%
22.65%
22.80%
22.54%
22.75%
22.20%
Government
0.07%
0.07%
0.08%
0.09%
0.09%
0.09%
0.09%
0.09%
0.09%
0.10%
0.10%
0.10%
0.11%
0.11%
0.11%
0.11%
0.11%
0.12%
0.12%
0.13%
0.10%
0.10%
Public
4.03%
4.13%
3.55%
4.49%
3.78%
3.74%
3.52%
3.68%
3.86%
3.89%
3.74%
3.81%
4.03%
4.08%
3.94%
4.46%
4.55%
4.76%
4.80%
4.79%
4.34%
4.36%
Others
7.91%
8.14%
8.26%
8.05%
8.25%
7.79%
8.07%
8.92%
9.11%
10.86%
8.96%
10.37%
1.14%
1.13%
1.08%
1.14%
1.13%
1.18%
1.18%
1.19%
1.29%
1.84%
No. of Shareholders
10,02,340
10,62,010
10,14,190
12,89,840
12,44,090
12,70,500
12,56,340
12,84,080
13,24,240
13,24,730
13,17,700
13,80,100
15,75,610
17,49,440
19,95,560
22,23,440
22,79,040
23,07,450
23,22,690
27,95,660
26,32,590
25,51,170

Documents

1
Concall - Feb 2021 Feb 2021
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2017 Nov 2017
4
Concall - Feb 2018 Feb 2018
5
Concall - May 2018 May 2018

Frequently Asked Questions about Coal India Ltd

What does Coal India Ltd do?
Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns
Where is Coal India Ltd (COALINDIA) listed?
Coal India Ltd is listed on the Indian stock exchanges. It is listed on NSE: COALINDIA and BSE: 533278. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Coal India Ltd belong to?
Coal India Ltd operates in the Energy sector within the Coal industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Coal India Ltd?
Coal India Ltd has a market capitalisation of approximately ₹252024.77 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Coal India Ltd?
The Price-to-Earnings (PE) ratio of Coal India Ltd is 8.11. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Coal India Ltd?
Over the past 52 weeks, Coal India Ltd has traded between a low of ₹368.65 and a high of ₹491.25. This range helps investors understand the stock's price volatility and recent trading levels.
Does Coal India Ltd pay dividends?
Yes, Coal India Ltd has a dividend yield of 1.34%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Coal India Ltd?
Coal India Ltd has a Return on Equity (ROE) of 25.68%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Coal India Ltd on Tapetide?
On Tapetide, you can view Coal India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns

Website coalindia.in
CEO Mr. Mukesh Agrawal
Employees 2,20,272
Listed 2010-11-04
Face Value ₹ 10
Issued Size 6,16,27,28,327

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