Coal India Ltd

Coal India Ltd

₹ 438 1.90%
28 Mar 2:16 p.m.
About

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 etc.

Key Points

A Maharatna company
Coal India was incorporated in 1973 as Coal Mines Authority Ltd after the nationalization of the coal sector. [1] It is a 'Maharatna' company under the Ministry of Coal, Government of India with headquarters at Kolkata, West Bengal. [2]

  • Market Cap 2,69,681 Cr.
  • Current Price 438
  • High / Low 488 / 211
  • Stock P/E 17.3
  • Book Value 28.1
  • Dividend Yield 5.59 %
  • ROCE 91.2 %
  • ROE 89.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 5.60%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 67.4%
  • Company has been maintaining a healthy dividend payout of 108%

Cons

  • Stock is trading at 15.4 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.15,329 Cr.

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
154 204 124 333 299 375 320 426 695 509 336 294 399
130 104 212 174 194 109 135 306 472 452 151 185 162
Operating Profit 24 100 -88 159 105 266 185 120 224 57 185 109 236
OPM % 16% 49% -71% 48% 35% 71% 58% 28% 32% 11% 55% 37% 59%
5,158 2,381 48 1,690 5,590 3,609 37 2,635 8,672 3,209 805 2,149 9,167
Interest 0 0 0 0 0 0 0 0 1 0 1 0 1
Depreciation 4 6 5 5 5 5 5 15 11 12 11 11 11
Profit before tax 5,177 2,475 -45 1,844 5,689 3,870 216 2,740 8,883 3,254 978 2,246 9,392
Tax % 3% -5% -10% 2% 1% 2% 26% 2% 1% 4% 6% 2% 1%
5,021 2,587 -50 1,813 5,645 3,793 161 2,694 8,809 3,138 918 2,196 9,316
EPS in Rs 8.15 4.20 -0.08 2.94 9.16 6.16 0.26 4.37 14.29 5.09 1.49 3.56 15.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
452 352 317 387 204 290 928 934 845 640 1,132 1,951 1,537
581 722 719 627 672 903 871 876 1,053 624 680 1,365 950
Operating Profit -129 -369 -401 -240 -468 -613 57 58 -207 16 452 586 587
OPM % -29% -105% -126% -62% -230% -211% 6% 6% -25% 3% 40% 30% 38%
9,115 11,088 16,087 14,143 17,129 15,005 9,293 10,549 11,566 7,679 10,928 14,552 15,329
Interest 379 376 259 244 -124 -136 17 18 5 2 2 2 2
Depreciation 7 5 6 7 16 18 18 26 54 20 21 43 44
Profit before tax 8,600 10,338 15,420 13,652 16,768 14,510 9,315 10,562 11,299 7,674 11,357 15,094 15,870
Tax % 6% 5% 3% 2% 1% 0% 0% 1% 0% 0% 1% 2%
8,065 9,794 15,009 13,383 16,593 14,499 9,293 10,470 11,281 7,640 11,202 14,802 15,569
EPS in Rs 12.77 15.51 23.76 21.19 26.27 23.36 14.97 16.99 18.31 12.40 18.18 24.02 25.26
Dividend Payout % 78% 90% 122% 98% 104% 85% 110% 77% 66% 129% 94% 101%
Compounded Sales Growth
10 Years: 19%
5 Years: 16%
3 Years: 32%
TTM: -15%
Compounded Profit Growth
10 Years: 4%
5 Years: 10%
3 Years: 9%
TTM: 1%
Stock Price CAGR
10 Years: 4%
5 Years: 13%
3 Years: 49%
1 Year: 102%
Return on Equity
10 Years: 78%
5 Years: 70%
3 Years: 67%
Last Year: 89%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6,316 6,316 6,316 6,316 6,316 6,207 6,207 6,163 6,163 6,163 6,163 6,163 6,163
Reserves 13,248 14,200 10,129 10,418 9,729 7,710 6,487 7,835 10,651 10,589 10,195 10,544 11,162
1,146 1,136 0 0 0 0 0 0 0 0 0 0 0
10,003 12,386 7,043 5,417 5,334 4,969 5,770 5,061 5,585 5,745 6,082 6,724 6,486
Total Liabilities 30,714 34,038 23,489 22,151 21,380 18,886 18,465 19,058 22,398 22,496 22,440 23,431 23,811
101 97 96 89 333 321 317 301 311 353 425 554 565
CWIP 73 122 204 238 13 14 119 181 185 171 158 109 109
Investments 6,541 9,026 9,649 11,772 11,729 11,589 12,358 12,538 12,327 13,225 13,405 13,863 13,882
23,998 24,794 13,540 10,052 9,305 6,962 5,671 6,038 9,576 8,747 8,451 8,906 9,255
Total Assets 30,714 34,038 23,489 22,151 21,380 18,886 18,465 19,058 22,398 22,496 22,440 23,431 23,811

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9,288 10,543 13,620 12,605 -783 -744 302 -933 -2,051 522 2,230 1,211
-2,984 -3,354 8,875 258 18,340 18,867 8,207 9,623 10,439 6,346 8,953 12,653
-6,475 -6,711 -23,101 -12,942 -17,381 -17,674 -9,085 -8,781 -7,396 -7,707 -10,783 -14,328
Net Cash Flow -170 478 -605 -79 177 449 -575 -91 992 -838 399 -464

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 2 17 9 1 16 1 0 3 7 1 1
Inventory Days 271 303 16
Days Payable 2,998 481 51
Cash Conversion Cycle -2,727 2 17 9 1 -161 1 0 3 7 1 -35
Working Capital Days -1,861 -5,456 -1,473 -747 -652 1,680 -76 373 1,487 1,926 675 294
ROCE % 40% 51% 82% 84% 102% 96% 70% 79% 73% 46% 69% 91%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.13% 66.13% 66.13% 66.13% 66.13% 66.13% 66.13% 66.13% 66.13% 63.13% 63.13% 63.13%
6.50% 6.56% 6.74% 6.59% 6.94% 6.54% 6.73% 7.86% 7.84% 9.30% 7.80% 8.59%
21.85% 21.54% 22.00% 21.26% 21.76% 22.49% 22.52% 21.18% 21.05% 22.30% 24.07% 23.06%
0.07% 0.07% 0.08% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.10% 0.10% 0.10%
5.45% 5.69% 5.04% 5.93% 5.07% 4.75% 4.53% 4.74% 4.90% 5.18% 4.91% 5.10%
No. of Shareholders 10,02,34210,79,91810,14,18612,89,84212,44,08712,70,49912,56,33812,84,08313,24,23813,24,73313,17,69913,80,104

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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