Coal India Ltd

Coal India Ltd

₹ 444 -0.28%
23 Feb - close price
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 2,73,410 Cr.
  • Current Price 444
  • High / Low 488 / 208
  • Stock P/E 9.32
  • Book Value 113
  • Dividend Yield 5.46 %
  • ROCE 70.5 %
  • ROE 56.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 5.46%.
  • Company has delivered good profit growth of 31.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 46.8%
  • Company has been maintaining a healthy dividend payout of 63.7%
  • Debtor days have improved from 50.6 to 34.5 days.

Cons

  • The company has delivered a poor sales growth of 10.2% 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
23,686 26,700 25,282 23,291 28,434 32,709 35,092 29,838 35,169 38,152 35,983 32,776 36,154
18,521 20,265 20,439 19,354 21,611 23,607 22,865 22,700 24,781 31,254 25,492 24,639 24,781
Operating Profit 5,165 6,435 4,843 3,937 6,822 9,102 12,227 7,139 10,389 6,898 10,491 8,137 11,373
OPM % 22% 24% 19% 17% 24% 28% 35% 24% 30% 18% 29% 25% 31%
649 1,224 681 782 653 1,767 995 1,761 1,671 2,282 1,538 2,074 2,489
Interest 155 157 148 141 132 121 150 135 204 195 178 182 227
Depreciation 916 1,097 1,041 934 1,041 1,412 994 1,077 1,262 1,342 1,138 1,178 1,260
Profit before tax 4,742 6,406 4,336 3,643 6,302 9,335 12,077 7,687 10,594 7,642 10,712 8,850 12,375
Tax % 35% 28% 27% 20% 28% 28% 27% 21% 27% 28% 26% 23% 27%
3,084 4,589 3,174 2,933 4,557 6,715 8,834 6,044 7,719 5,528 7,941 6,814 9,094
EPS in Rs 5.01 7.44 5.14 4.77 7.40 10.86 14.33 9.81 12.58 8.98 12.93 11.03 14.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
72,424 68,303 70,608 74,120 77,861 78,164 85,244 99,586 96,080 90,026 109,715 138,252 143,066
57,131 50,216 52,842 56,777 59,147 65,716 75,956 74,579 74,500 71,398 84,995 101,442 106,167
Operating Profit 15,293 18,087 17,766 17,343 18,714 12,448 9,288 25,007 21,581 18,628 24,721 36,810 36,899
OPM % 21% 26% 25% 23% 24% 16% 11% 25% 22% 21% 23% 27% 26%
8,005 8,752 7,169 6,570 5,939 5,316 4,975 5,834 6,444 3,742 3,866 6,551 8,382
Interest 56 46 59 9 388 410 430 264 503 642 541 684 782
Depreciation 1,969 1,813 1,996 2,320 2,826 2,907 3,063 3,450 3,451 3,718 4,429 4,675 4,919
Profit before tax 21,273 24,979 22,880 21,584 21,440 14,446 10,770 27,127 24,071 18,009 23,616 38,001 39,580
Tax % 30% 31% 34% 36% 33% 36% 35% 36% 31% 29% 26% 26%
14,788 17,356 15,112 13,727 14,267 9,280 7,038 17,464 16,700 12,702 17,378 28,125 29,376
EPS in Rs 23.41 27.48 23.92 21.73 22.59 14.95 11.34 28.34 27.12 20.61 28.17 45.70 47.66
Dividend Payout % 43% 51% 121% 95% 121% 133% 146% 46% 44% 78% 60% 53%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 13%
TTM: 8%
Compounded Profit Growth
10 Years: 5%
5 Years: 32%
3 Years: 19%
TTM: 0%
Stock Price CAGR
10 Years: 6%
5 Years: 16%
3 Years: 48%
1 Year: 107%
Return on Equity
10 Years: 43%
5 Years: 52%
3 Years: 47%
Last Year: 56%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 34,137 42,156 36,088 34,037 28,517 18,311 13,971 20,292 25,994 30,355 36,980 51,082 63,523
1,527 1,305 178 408 1,199 3,014 1,538 2,210 6,434 5,884 3,514 4,331 6,313
65,006 61,206 62,356 70,505 77,528 91,054 103,754 104,356 111,430 118,649 132,780 148,300 142,137
Total Liabilities 106,986 110,983 104,938 111,267 113,560 118,587 125,471 133,021 150,020 161,051 179,436 209,876 218,136
13,440 13,466 14,784 16,115 22,082 23,811 27,574 32,618 36,784 42,405 46,677 51,961 57,641
CWIP 2,903 3,496 4,316 5,159 4,553 8,585 10,273 9,658 8,328 10,490 12,897 17,622 16,143
Investments 1,981 2,395 3,775 2,813 2,906 1,483 1,704 3,170 1,973 5,950 8,921 7,139 8,355
88,661 91,626 82,063 87,179 84,018 84,708 85,920 87,576 102,936 102,206 110,942 133,154 135,997
Total Assets 106,986 110,983 104,938 111,267 113,560 118,587 125,471 133,021 150,020 161,051 179,436 209,876 218,136

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19,888 9,109 14,525 14,382 13,154 16,461 21,115 16,356 4,977 10,592 41,107 35,686
-10,410 -1,833 8,580 894 8,154 455 -7,747 -7,896 1,033 182 -25,715 -23,423
-7,382 -7,852 -25,350 -15,026 -19,587 -17,598 -13,564 -10,885 -4,791 -8,453 -13,441 -13,661
Net Cash Flow 2,095 -575 -2,246 250 1,721 -682 -196 -2,426 1,219 2,321 1,951 -1,398

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 29 56 43 42 54 58 27 20 55 80 38 34
Inventory Days 433 351 321 375 541
Days Payable 59 47 41 50 215
Cash Conversion Cycle 402 360 323 367 380 58 27 20 55 80 38 34
Working Capital Days -31 -3 8 1 9 -11 -57 -31 42 67 -3 -12
ROCE % 55% 54% 50% 52% 57% 46% 45% 107% 72% 46% 54% 70%

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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