Coal India Ltd logo

Coal India Ltd

COALINDIA NSE

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

AI Verdict: BUY Confidence: 6%

Coal India offers compelling value at a PE of 8.8x with a 5.96% dividend yield and 3-year ROE of 38%. While TTM profit decline of -12% is concerning, majority analyst consensus (54% Buy) and strong capital return policy support accumulation at current levels.

Key Fundamentals

LargecapCoalEnergy
Market Cap
2.7L Cr
Volatility
Moderate
P/E Ratio
8.63
EBITDA
₹41,242 Cr
Return on Equity
44.71%
Debt to Equity
0.09
Book Value
₹193.26
EPS
₹59.34
52W High
₹491.25
52W Low
₹368.65

Technical Indicators

Key Insights

Strengths

3
  • Stock is providing a good dividend yield of 6.00%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.2%
  • Company has been maintaining a healthy dividend payout of 47.1%

Growth Rate

Revenue Growth
10.18% ↘
Net Income Growth
-12.32% ↘
Cash Flow Change
61.30% ↗
ROE
-21.00% ↘
ROCE
-13.01% ↘
EBITDA Margin (Avg.)
-38.20% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

Coal India offers compelling value at a PE of 8.8x with a 5.96% dividend yield and 3-year ROE of 38%. While TTM profit decline of -12% is concerning, majority analyst consensus (54% Buy) and strong capital return policy support accumulation at current levels.

Bull Case 8
  • Attractive valuation at PE of 8.8x, significantly below broader market average of 20-22x
  • High dividend yield of 5.96% with consistent payout ratio of 47.1%, providing strong income support
  • Exceptional 3-year ROE of 38% and 5-year ROE of 42% indicating efficient capital allocation
  • 54% of analysts rate it a Buy with total 13 Buy ratings out of 24, reflecting positive street consensus
  • Stock CAGR of 25% over 3 years demonstrates strong price momentum and re-rating potential
  • Compounded sales growth of 13% over 5 years shows steady volume and realization improvement
  • Market cap of Rs 2,74,272 crore provides deep liquidity and index weight for institutional investors
  • 5-year compounded profit growth of 20% reflects structural earnings improvement over a full cycle
Bear Case 8
  • TTM compounded profit has declined -12%, signaling near-term earnings pressure from rising costs or e-auction softness
  • 3-year compounded profit growth is -1%, indicating earnings have stagnated after the post-COVID spike
  • 20.83% of analysts rate it a Sell, with 5 out of 24 analysts bearish on structural energy transition risks
  • 10-year stock CAGR of only 4% highlights prolonged periods of underperformance and value traps
  • Last year ROE dropped to 29% from 3-year average of 38%, suggesting declining return trajectory
  • Secular ESG and energy transition headwinds could compress PE multiples further from already low 8.8x
  • TTM sales growth of 17% has not translated into profit growth (-12% TTM), indicating margin compression
  • 10-year compounded profit growth of only 8% lags the broader market earnings growth of 12-14%

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 5
  • Production drops 11.6% in May Jun 1

    Coal India output fell 11.6% YoY to 56.1 MT in May 2026 vs 63.5 MT, with declines across MCL, WCL, BCCL, and ECL subsidiaries. Coal inventories at power plants dropped to 16-17 days vs normal 24 days amid record 270.82 GW peak power demand.

  • 40 lakh tonnes coal missing Jun 14

    Union coal minister revealed nearly 40 lakh tonnes of coal are missing, creating widespread concern across the industry and expected volatility for Coal India stock.

  • Govt 2% OFS supply overhang May 27

    Government sold 2% stake (12.32 crore shares) at ₹412 floor price, causing a 6.49% intraday drop to ₹428.40. Promoter holding reduced from 63.13% to 61.13%, raising ₹5,549 crore.

  • BSE fines ₹5.45 lakh May 27

    BSE imposed a ₹5.45 lakh fine on Coal India for Q4FY26 non-compliance with SEBI LODR regulations regarding board appointments.

  • ESG limits foreign investment May 28

    Foreign investors and green-focused funds continue avoiding Coal India due to ESG restrictions on carbon-emitting businesses, limiting global institutional participation.

Positives 7
  • Strong Q4FY26 financials Jun 5

    Consolidated net profit rose 12.9% YoY to ₹10,839 crore with revenue up 5.75% to ₹46,490 crore. EBITDA hit ₹12,300 crore (26.5% margin), up 8% YoY and 57% QoQ.

  • Record 35 MT coal auction offer Jun 5

    Coal India offered a record 35 MT of high-GCV coal under linkage auction on June 12, targeting sponge iron sector to curb imports. Also offered 57.8 MT under short-term and 69.2 MT under medium/long-term auctions in Jan-May.

  • OFS oversubscribed 8.14x May 27

    Institutional investors bid ₹19,000 crore (45.15 crore shares) at indicative price of ₹436.69, demonstrating strong investor confidence. Government exercised full green shoe option.

  • Offtake rises to record 66.7 MT Jun 1

    Despite production decline, May offtake grew 2.2% YoY to 66.7 MT, the highest monthly level since August last year, indicating robust demand from power and industrial sectors.

  • Consistent dividend yield ~5.8-7.2% May 29

    Coal India maintains quarterly dividend policy since 2021 with projected FY27 dividend of ₹29.6/share. At OFS floor price of ₹412, implied yield is 7.2%, beating SBI's highest FD rate of 6.45%.

  • Subsidiary listing value unlock May 28

    Deven Choksey highlighted potential value unlocking through separate listing of 10 subsidiaries including Mahanadi Coalfields, projecting stock could double in 4 years from current levels.

  • Record power demand supports coal Jun 1

    India's peak power demand hit record 270.82 GW on May 21, with coal accounting for ~70% of power generation, reinforcing Coal India's strategic importance in energy security.

Neutral 7
  • Cost auditor appointed FY27 Jun 16

    Coal India appointed M/s Bandyopadhyaya Bhaumik & Co. as cost auditor for FY 2026-27 standalone financial statements.

  • Technical resistance at ₹458-473 Jun 14

    Analysts identify key resistance at ₹458 and ₹473 with strong support at ₹427-420 zone, recommending wait-and-see approach until price declares direction.

  • Special window for share transfer Jun 11

    Coal India announced a special window for re-lodgement of physical share transfer requests, published in Financial Express and Aajkal on June 11, 2026.

  • SWMA e-auction 84.2 LT in May Jun 1

    Coal India disclosed provisional SWMA e-auction allocation of 84.20 lakh tonnes in May 2026 and 201.94 lakh tonnes cumulative for FY27 (Apr-May).

  • ED (HR) retires on superannuation Jun 1

    Shri Goutam Banerjee relinquished charge as Executive Director (HR) effective June 1, 2026, upon attaining superannuation.

  • ₹17.44 cr block trade on NSE Jun 1

    Institutional block trade of approximately 374,843 shares executed at ₹465.35 per share on NSE, totaling ₹17.44 crore.

  • FY27 production target 815 MT Jun 1

    Coal India set FY27 production target of 815 MT despite slow start, with coal requirement projected at 906 MT. Management focused on reducing inventory levels in May.

TL;DR: Coal India delivered strong Q4FY26 financials (PAT +12.9%, revenue +5.75%) and its OFS saw 8.14x oversubscription reflecting institutional confidence, but May production fell 11.6% amid record power demand creating near-term supply concerns. The stock offers compelling 5.8-7.2% dividend yield and trades at an attractive 8-9x PE, with potential subsidiary listings as a catalyst. Key risks are the 40 lakh tonne coal shortage revelation, ESG-driven foreign investor avoidance, and whether production can recover to meet the 815 MT FY27 target as power demand hits record highs.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
38,152
35,983
32,776
36,154
38,213
36,465
31,182
36,859
37,825
35,842
30,187
34,924
46,490
Expenses
28,819
22,431
22,738
23,183
26,826
22,126
22,565
24,541
26,034
23,321
23,471
25,593
33,817
Operating Profit
9,333
13,552
10,038
12,971
11,388
14,339
8,617
12,317
11,790
12,521
6,716
9,331
12,673
OPM %
24%
38%
31%
36%
30%
39%
28%
33%
31%
35%
22%
27%
27%
Other Income
2,291
1,538
2,074
2,489
2,318
1,970
1,642
2,214
4,106
1,760
2,350
2,680
5,244
Interest
195
178
182
227
232
209
208
226
241
265
287
321
344
Depreciation
1,860
1,527
1,594
1,723
1,892
1,952
1,898
2,513
2,782
2,307
2,664
2,218
2,947
PBT
9,569
13,385
10,336
13,510
11,582
14,147
8,153
11,792
12,873
11,709
6,115
9,473
14,627
Tax %
28%
22%
22%
24%
26%
23%
23%
28%
25%
25%
30%
24%
25%
Net Profit
6,869
10,498
8,049
10,292
8,530
10,944
6,275
8,491
9,593
8,734
4,263
7,166
10,908
EPS in Rs
11.16
17.08
13.06
16.64
13.91
17.78
10.21
13.8
15.58
14.19
7.07
11.61
17.59
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
74,120
77,861
78,164
85,244
99,586
96,080
90,026
1,09,715
1,38,252
1,44,762
1,43,369
1,68,400
Expenses
56,777
59,147
65,716
75,956
74,579
74,500
71,398
84,995
94,020
96,791
96,305
1,27,158
Operating Profit
17,343
18,714
12,448
9,288
25,007
21,581
18,628
24,721
44,232
47,971
47,064
41,242
OPM %
23%
24%
16%
11%
25%
22%
21%
23%
32%
33%
33%
24%
Other Income
6,570
5,939
5,316
4,975
5,834
6,444
3,742
3,866
6,560
8,396
9,932
12,034
Interest
9
388
410
430
264
503
642
541
684
819
884
1,216
Depreciation
2,320
2,826
2,907
3,063
3,450
3,451
3,718
4,429
6,833
6,735
9,145
10,137
PBT
21,584
21,440
14,446
10,770
27,127
24,071
18,009
23,616
43,275
48,813
46,966
41,923
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
35,302
31,071
EPS in Rs
21.73
22.59
14.95
11.34
28.34
27.12
20.61
28.17
51.54
60.69
57.37
50.46
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
92,942
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
1,50,735
1,52,487
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
2,58,985
2,85,660
Fixed Assets
16,115
22,082
23,811
27,574
32,618
36,784
42,405
46,677
64,547
75,668
82,865
91,846
CWIP
5,159
4,553
8,585
10,273
9,658
8,328
10,490
12,897
17,622
18,960
22,385
15,834
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
1,46,144
1,67,754
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
2,58,985
2,85,660
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
29,200
43,215
Investing
894
8,154
455
-7,747
-7,896
1,033
182
-25,715
-23,465
-4,486
-10,076
-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
15,960
31,191
CFO/OP
138
112
204
307
105
48
86
189
103
62
87
116
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
32
31
Inventory Days
375
541
—
—
—
—
—
—
—
—
—
—
Days Payable
50
215
—
—
—
—
—
—
—
—
—
—
Cash Conversion Cycle
367
380
58
27
20
55
80
38
34
33
32
31
Working Capital Days
0
9
-23
-59
-34
23
54
-3
-11
25
-14
11
ROCE %
52%
57%
46%
45%
107%
72%
46%
54%
78%
64%
48%
35%

Shareholding Pattern

As of Mar 2026
Promoters 63.13%
DIIs 22.75%
FIIs 8.38%
Public 4.34%
Others 1.29%
Government 0.10%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
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%
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%
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%
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%
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%
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

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Nov 2017 Nov 2017
3
Concall - Feb 2018 Feb 2018
4
Concall - May 2018 May 2018
5
Concall - Aug 2018 Aug 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 Consumable Fuels 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 ₹268171.12 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 8.63. 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 4.81%. 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 44.71%. 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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