Coal India Ltd

About [ edit ]

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.

  • Market Cap 90,469 Cr.
  • Current Price 147
  • High / Low 163 / 110
  • Stock P/E 7.10
  • Book Value 60.2
  • Dividend Yield 8.51 %
  • ROCE 73.1 %
  • ROE 57.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 54.98%
  • Company has been maintaining a healthy dividend payout of 78.66%

Cons

  • The company has delivered a poor sales growth of 5.33% over past five years.
  • Debtor days have increased from 33.89 to 54.74 days.
  • Promoter holding has decreased over last 3 years: -12.42%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
26,548 24,071 21,884 25,046 28,585 24,939 20,383 23,190 27,568 18,487 21,153 23,686
26,354 18,417 17,562 18,258 20,348 18,327 16,773 18,222 20,839 15,436 17,178 18,521
Operating Profit 193 5,654 4,322 6,788 8,237 6,612 3,610 4,968 6,729 3,051 3,975 5,165
OPM % 1% 23% 20% 27% 29% 27% 18% 21% 24% 16% 19% 22%
Other Income 2,014 1,291 1,602 1,164 1,783 1,150 1,630 1,413 1,913 785 1,086 649
Interest 112 110 1 62 91 17 170 151 165 183 147 155
Depreciation 930 745 807 861 1,037 734 793 894 1,029 853 852 916
Profit before tax 1,165 6,089 5,116 7,029 8,892 7,011 4,277 5,336 7,447 2,800 4,061 4,742
Tax % -12% 38% 40% 35% 32% 34% 18% 26% 38% 26% 27% 35%
Net Profit 1,303 3,786 3,085 4,567 6,025 4,630 3,523 3,924 4,638 2,080 2,948 3,085
EPS in Rs 2.10 6.10 4.97 7.36 9.78 7.51 5.72 6.37 7.53 3.37 4.78 5.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
40,811 49,153 58,167 72,424 68,303 70,608 74,120 105,083 78,164 85,244 99,586 96,080 90,894
38,378 38,590 44,739 57,124 50,245 52,953 56,784 86,371 65,720 75,956 74,579 74,160 71,975
Operating Profit 2,433 10,563 13,428 15,300 18,058 17,654 17,337 18,713 12,443 9,288 25,007 21,920 18,919
OPM % 6% 21% 23% 21% 26% 25% 23% 18% 16% 11% 25% 23% 21%
Other Income 5,153 4,886 4,876 7,998 8,781 7,281 6,576 5,941 5,320 4,975 5,834 6,105 4,433
Interest 179 92 76 56 46 59 9 388 410 430 264 503 651
Depreciation 1,663 1,391 1,765 1,969 1,813 1,996 2,320 2,826 2,907 3,063 3,450 3,451 3,650
Profit before tax 5,744 13,965 16,463 21,273 24,979 22,880 21,584 21,440 14,446 10,770 27,127 24,071 19,051
Tax % 64% 31% 34% 30% 31% 34% 36% 33% 36% 35% 36% 31%
Net Profit 2,079 9,622 10,867 14,788 17,356 15,112 13,727 14,267 9,280 7,039 17,463 16,714 12,751
EPS in Rs 3.29 15.23 17.21 23.41 27.48 23.92 21.73 22.59 14.95 11.34 28.34 27.12 20.69
Dividend Payout % 82% 23% 23% 43% 51% 121% 95% 121% 133% 146% 46% 44%
Compounded Sales Growth
10 Years:7%
5 Years:5%
3 Years:7%
TTM:-6%
Compounded Profit Growth
10 Years:6%
5 Years:4%
3 Years:22%
TTM:-30%
Stock Price CAGR
10 Years:-9%
5 Years:-12%
3 Years:-19%
1 Year:13%
Return on Equity
10 Years:40%
5 Years:46%
3 Years:55%
Last Year:57%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6,316 6,316 6,316 6,316 6,316 6,316 6,316 6,316 6,207 6,207 6,163 6,163 6,163
Reserves 12,849 19,479 26,998 34,137 42,156 36,088 34,037 28,517 18,311 13,971 20,292 25,994 30,921
Borrowings 2,148 1,963 1,554 1,527 1,305 178 408 1,199 3,014 1,538 2,210 6,434 4,809
41,379 43,057 50,997 65,006 61,206 62,356 70,505 77,528 91,054 103,754 104,356 111,431 110,517
Total Liabilities 62,693 70,815 85,865 106,986 110,983 104,938 111,267 113,560 118,587 125,471 133,021 150,022 152,409
11,118 12,155 12,843 13,440 13,466 14,784 16,115 22,082 23,811 27,574 32,618 36,784 38,809
CWIP 1,822 2,091 2,057 2,903 3,496 4,316 5,159 4,553 8,585 10,273 9,658 8,328 9,430
Investments 1,505 1,282 1,064 1,981 2,395 3,775 2,813 2,906 1,483 1,704 3,170 1,973 4,623
48,247 55,287 69,900 88,661 91,626 82,063 87,179 84,018 84,708 85,920 87,576 102,937 99,547
Total Assets 62,693 70,815 85,865 106,986 110,983 104,938 111,267 113,560 118,587 125,471 133,021 150,022 152,409

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
11,719 10,596 8,704 19,888 9,109 14,525 14,382 13,154 16,461 21,115 16,356 4,147
-1,662 950 1,040 -10,410 -1,833 8,580 894 8,154 455 -7,747 -7,896 332
-1,324 -2,163 -3,017 -7,382 -7,852 -25,350 -15,026 -19,587 -17,598 -13,564 -10,885 -6,950
Net Cash Flow 8,734 9,383 6,728 2,095 -575 -2,246 250 1,721 -682 -196 -2,426 -2,471

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 28% 57% 53% 55% 55% 50% 52% 57% 47% 45% 109% 73%
Debtor Days 16 16 21 29 56 43 42 40 58 27 20 55
Inventory Turnover 0.39 0.26 1.16 1.22 1.44 1.50 1.38 1.06 0.15 0.52 0.55 0.25

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
78.32 78.32 72.91 70.96 70.96 69.26 69.05 66.13 66.13 66.13 66.13 66.13
5.41 5.68 5.99 7.13 8.96 8.67 8.59 8.20 7.85 7.19 6.50 6.50
13.19 13.02 17.60 18.96 17.42 19.17 19.47 22.00 22.22 21.91 22.16 21.85
0.00 0.00 0.00 0.00 0.00 0.07 0.07 0.07 0.07 0.07 0.07 0.07
3.08 2.98 3.50 2.95 2.66 2.83 2.82 3.59 3.73 4.69 5.14 5.45

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