Coal India Ltd

₹ 221 -0.20%
16 Aug 12:06 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 [1]
Coal India was incorporated in 1973 as Coal Mines Authority Ltd after the nationalization of the coal sector. The company operates several coal mines in India through its 8 wholly-owned subsidiaries. The company was conferred the Maharatna status by GOI in 2011 and the status provided financial and operational autonomy to the company

  • Market Cap 136,320 Cr.
  • Current Price 221
  • High / Low 227 / 133
  • Stock P/E 5.93
  • Book Value 70.0
  • Dividend Yield 7.67 %
  • ROCE 54.3 %
  • ROE 43.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 7.65%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.2%
  • Company has been maintaining a healthy dividend payout of 60.8%
  • Debtor days have improved from 57.4 to 37.8 days.

Cons

  • The company has delivered a poor sales growth of 7.02% over past five years.
  • Contingent liabilities of Rs.105,633 Cr.
  • Promoter holding has decreased over last 3 years: -4.83%

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
24,939 20,383 23,190 27,568 18,487 21,153 23,686 26,700 25,282 23,291 28,434 32,707 35,092
18,327 16,773 18,222 20,839 15,436 17,178 18,521 20,265 20,439 19,354 21,611 23,628 22,865
Operating Profit 6,612 3,610 4,968 6,729 3,051 3,975 5,165 6,435 4,843 3,937 6,822 9,079 12,227
OPM % 27% 18% 21% 24% 16% 19% 22% 24% 19% 17% 24% 28% 35%
1,150 1,630 1,413 1,913 785 1,086 649 1,224 681 782 653 1,790 995
Interest 17 170 151 165 183 147 155 157 148 141 132 121 150
Depreciation 734 793 894 1,029 853 852 916 1,097 1,041 934 1,041 1,412 994
Profit before tax 7,011 4,277 5,336 7,447 2,800 4,061 4,742 6,406 4,336 3,643 6,302 9,335 12,077
Tax % 34% 18% 26% 38% 26% 27% 35% 28% 27% 20% 28% 28% 27%
Net Profit 4,630 3,523 3,924 4,638 2,080 2,948 3,085 4,587 3,170 2,937 4,558 6,693 8,833
EPS in Rs 7.51 5.72 6.37 7.53 3.37 4.78 5.01 7.44 5.14 4.77 7.40 10.86 14.33

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
58,167 72,424 68,303 70,608 74,120 77,861 78,164 85,244 99,586 96,080 90,026 109,714 119,524
44,739 57,131 50,216 52,842 56,777 59,147 65,716 75,956 74,579 74,500 71,398 85,016 87,458
Operating Profit 13,428 15,293 18,087 17,766 17,343 18,714 12,448 9,288 25,007 21,581 18,628 24,697 32,065
OPM % 23% 21% 26% 25% 23% 24% 16% 11% 25% 22% 21% 23% 27%
4,876 8,005 8,752 7,169 6,570 5,939 5,316 4,975 5,834 6,444 3,742 3,889 4,219
Interest 76 56 46 59 9 388 410 430 264 503 642 541 544
Depreciation 1,765 1,969 1,813 1,996 2,320 2,826 2,907 3,063 3,450 3,451 3,718 4,429 4,382
Profit before tax 16,463 21,273 24,979 22,880 21,584 21,440 14,446 10,770 27,127 24,071 18,009 23,616 31,358
Tax % 34% 30% 31% 34% 36% 33% 36% 35% 36% 31% 29% 26%
Net Profit 10,867 14,788 17,356 15,112 13,727 14,267 9,280 7,039 17,463 16,714 12,700 17,358 23,021
EPS in Rs 17.21 23.41 27.48 23.92 21.73 22.59 14.95 11.34 28.34 27.12 20.61 28.17 37.36
Dividend Payout % 23% 43% 51% 121% 95% 121% 133% 146% 46% 44% 78% 60%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 3%
TTM: 23%
Compounded Profit Growth
10 Years: 2%
5 Years: 13%
3 Years: 0%
TTM: 67%
Stock Price CAGR
10 Years: -4%
5 Years: -2%
3 Years: 3%
1 Year: 56%
Return on Equity
10 Years: 41%
5 Years: 48%
3 Years: 45%
Last Year: 44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6,316 6,316 6,316 6,316 6,316 6,316 6,207 6,207 6,163 6,163 6,163 6,163
Reserves 26,998 34,137 42,156 36,088 34,037 28,517 18,311 13,971 20,292 25,994 30,355 36,980
1,554 1,527 1,305 178 408 1,199 3,014 1,538 2,210 6,434 5,884 3,514
50,997 65,006 61,206 62,356 70,505 77,528 91,054 103,754 104,356 111,430 118,649 132,776
Total Liabilities 85,865 106,986 110,983 104,938 111,267 113,560 118,587 125,471 133,021 150,020 161,051 179,432
12,843 13,440 13,466 14,784 16,115 22,082 23,811 27,574 32,618 36,784 42,405 46,677
CWIP 2,057 2,903 3,496 4,316 5,159 4,553 8,585 10,273 9,658 8,328 10,490 12,897
Investments 1,064 1,981 2,395 3,775 2,813 2,906 1,483 1,704 3,170 1,973 5,950 9,706
69,900 88,661 91,626 82,063 87,179 84,018 84,708 85,920 87,576 102,936 102,206 110,152
Total Assets 85,865 106,986 110,983 104,938 111,267 113,560 118,587 125,471 133,021 150,020 161,051 179,432

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8,704 19,888 9,109 14,525 14,382 13,154 16,461 21,115 16,356 4,977 10,592 41,088
1,040 -10,410 -1,833 8,580 894 8,154 455 -7,747 -7,896 1,033 182 -26,481
-3,017 -7,382 -7,852 -25,350 -15,026 -19,587 -17,598 -13,564 -10,885 -4,791 -8,453 -13,441
Net Cash Flow 6,728 2,095 -575 -2,246 250 1,721 -682 -196 -2,426 1,219 2,321 1,165

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 21 29 56 43 42 54 58 27 20 55 80 38
Inventory Days 502 433 351 321 375 541
Days Payable 58 59 47 41 50 215
Cash Conversion Cycle 466 402 360 323 367 380 58 27 20 55 80 38
Working Capital Days -27 -31 -3 8 1 9 -11 -57 -31 42 67 -3
ROCE % 53% 55% 55% 50% 52% 57% 47% 45% 109% 73% 46% 54%

Shareholding Pattern

Numbers in percentages

8 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
69.26 69.05 66.13 66.13 66.13 66.13 66.13 66.13 66.13 66.13 66.13 66.13
8.67 8.59 8.20 7.85 7.19 6.50 6.50 6.56 6.74 6.59 6.94 6.54
19.17 19.47 22.00 22.22 21.91 22.16 21.85 21.54 22.00 21.26 21.76 22.49
0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.09 0.09 0.09
2.83 2.82 3.59 3.73 4.69 5.14 5.45 5.69 5.04 5.93 5.07 4.75

Documents

Concalls