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Coal India

₹386.8 2.1 | 0.5%

Market Cap ₹238344 Cr.

Stock P/E 6.4

P/B 12.9

Current Price ₹386.8

Book Value ₹ 29.9

Face Value 10

52W High ₹544.7

Dividend Yield 6.59%

52W Low ₹ 362.3

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.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

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 375 463 203 398 1026 1044 955 749 1335 2183 1769
Other Income 16120 14151 17405 15278 9293 10551 11566 7679 10940 14553 15332
Total Income 16496 14614 17609 15676 10319 11595 12521 8428 12275 16736 17101
Total Expenditure 797 711 712 1030 969 989 1162 733 896 1597 1013
Operating Profit 15698 13903 16897 14647 9350 10607 11359 7695 11379 15138 16087
Interest 272 244 112 119 17 18 5 2 2 2 2
Depreciation 6 7 16 18 18 26 54 20 21 43 43
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 15420 13652 16768 14510 9315 10562 11299 7674 11357 15094 16042
Provision for Tax 412 269 175 11 21 93 18 34 155 291 275
Profit After Tax 15009 13383 16593 14499 9293 10470 11281 7640 11202 14802 15767
Adjustments 0 0 -13 0 0 0 0 0 0 0 0
Profit After Adjustments 15009 13383 16580 14499 9293 10470 11281 7640 11202 14802 15767
Adjusted Earnings Per Share 23.8 21.2 26.3 23.4 15 17 18.3 12.4 18.2 24 25.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -19% 33% 11% 17%
Operating Profit CAGR 6% 28% 9% 0%
PAT CAGR 7% 27% 9% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 6% 38% 14% 0%
ROE Average 93% 83% 74% 80%
ROCE Average 94% 85% 75% 81%

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 16445 16734 16046 13917 12695 13997 16813 16752 16358 16706 17326
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2707 3094 3350 3662 3939 4311 4915 5244 5709 6041 6196
Total Current Liabilities 5889 3673 1983 1305 1831 750 670 501 373 1150 1038
Total Liabilities 25042 23501 21379 18885 18465 19058 22398 22496 22440 23898 24559
Fixed Assets 96 89 318 306 317 301 311 353 425 554 629
Other Non-Current Assets 9730 13875 14666 14958 15996 16777 16810 17942 18510 19410 19443
Total Current Assets 15216 9537 6395 3621 2152 1980 5277 4202 3505 3933 4487
Total Assets 25042 23501 21379 18885 18465 19058 22398 22496 22440 23898 24559

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 784 179 100 276 725 150 59 1051 232 631 167
Cash Flow from Operating Activities 13620 12605 -783 -744 302 -933 -2051 522 2230 1211 401
Cash Flow from Investing Activities 8875 258 18340 18867 8207 9623 10439 6346 8953 12653 14573
Cash Flow from Financing Activities -23101 -12942 -17381 -17674 -9085 -8781 -7396 -7707 -10783 -14328 -15098
Net Cash Inflow / Outflow -605 -79 177 449 -575 -91 992 -838 399 -464 -124
Closing Cash & Cash Equivalent 179 100 276 725 150 59 1051 213 631 167 43

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) 23.76 21.19 26.27 23.36 14.97 16.99 18.31 12.4 18.18 24.02 25.58
CEPS(Rs) 23.77 21.2 26.3 23.39 15 17.03 18.39 12.43 18.21 24.09 25.65
DPS(Rs) 29 20.7 27.4 19.9 16.5 13.1 12 16 17 24.25 25.5
Book NAV/Share(Rs) 26.04 26.49 25.4 22.42 20.45 22.71 27.28 27.18 26.54 27.11 28.11
Core EBITDA Margin(%) -105.8 -50.63 -236.08 -150.32 4.96 4.77 -20.02 2.11 32.92 25.71 41.78
EBIT Margin(%) 3936.69 2833.45 7840.11 3481.71 814.42 912.61 1090.86 1006.99 850.51 663.03 887.62
Pre Tax Margin(%) 3868.56 2783.71 7787.93 3453.42 812.95 911.06 1090.36 1006.78 850.4 662.95 887.51
PAT Margin (%) 3765.22 2728.96 7706.56 3450.77 811.09 903.06 1088.58 1002.34 838.77 650.16 872.28
Cash Profit Margin (%) 3766.83 2730.43 7714.18 3454.94 812.67 905.32 1093.83 1004.92 840.33 652.05 874.68
ROA(%) 50.81 55.14 73.94 72.02 49.76 55.8 54.42 34.04 49.86 63.89 65.08
ROE(%) 81.21 80.67 101.24 96.78 69.84 78.45 73.23 45.52 67.66 89.54 92.66
ROCE(%) 82.38 83.76 102.99 97.65 70.13 79.28 73.38 45.74 68.61 91.31 94.29
Receivable days 7.6 9.25 8.59 5.7 2.32 0.33 1.45 4.78 1.96 0.48 0
Inventory Days 25.42 36.54 178.63 95.93 14.31 8.19 8.04 3.83 1.94 2.7 5.88
Payable days -37.67 -46.58 -144.73 399.36 1041.45 -5474.22 3317.24 3012.08 -2621.36 53.61 -1507.15
PER(x) 12.12 17.1 11.12 12.54 18.94 13.94 7.65 10.52 10.07 8.9 16.95
Price/Book(x) 11.06 13.68 11.49 13.06 13.86 10.43 5.13 4.8 6.89 7.88 15.43
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) 458.16 482.34 885.08 454.25 171.26 139.56 89.25 107.02 83.86 59.79 150.31
EV/Core EBITDA(x) 10.96 16.05 10.65 12.35 18.79 13.73 7.5 10.41 9.84 8.62 16.52
Net Sales Growth(%) -9.74 23.19 -56.04 95.78 157.7 1.75 -8.54 -21.57 78.35 63.44 -18.97
EBIT Growth(%) 46.28 -11.45 21.48 -13.34 -36.21 13.38 6.84 -32.1 47.98 32.9 6.28
PAT Growth(%) 53.24 -10.83 23.98 -12.62 -35.9 12.66 7.75 -32.27 46.62 32.15 6.52
EPS Growth(%) 53.24 -10.83 23.98 -11.09 -35.9 13.47 7.75 -32.27 46.61 32.15 6.52
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.58 2.6 3.23 2.77 1.18 2.64 7.88 8.39 9.39 3.42 4.32
Quick Ratio(x) 2.58 2.58 3.15 2.72 1.16 2.6 7.86 8.39 9.35 3.4 4.29
Interest Cover(x) 57.78 56.97 150.26 123.05 556.78 586.5 2149.15 4827.4 7572.23 7862.2 7903.52
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

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 83%
  • Debtor days have improved from 53.61 to -1507.15days.
  • Company is almost debt free.

Cons

  • Stock is trading at 12.9 times its book value.
  • Earnings include an other income of Rs. 15332 Cr.
  • The company has delivered a poor profit growth of 8% over past five years.

* 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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