Is Coal India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Coal India Ltd is a good quality company .

Is Coal India undervalued or overvalued?

The key valuation ratios of Coal India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Coal India share price return in the past 10 years?

Coal India Ltd share price has appreciated 1.6% annually (CAGR) over the past ten years.

Is Coal India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Coal India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Coal India Ltd - Stock Valuation and Financial Performance

Name: Coal India
Brand: Coal India

BSE: 533278 | NSE: COALINDIA | Mining & Minerals | Large Cap

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Coal India Share Price

₹406.15 -6.05 -1.47%
as on 21-Nov'24 15:41

10 Year X-Ray of Coal India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	51.8%	56.9%	46.8%	45.5%	108.7%	73.1%	46.1%	54.4%	78.9%	64.5%	-
Value Creation Index ⓘ	3.6	4.1	3.2	3.0	8.7	5.5	3.1	3.8	6.0	4.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	92,270	1,04,642	1,19,264	85,476	99,959	96,283	90,233	1,09,941	1,38,506	1,42,613	1,27,716
Sales YoY Gr.	-	13.4%	14%	-28.3%	16.9%	-3.7%	-6.3%	21.8%	26%	3%	-
Adj EPS ⓘ	21.7	22.6	15	11.3	28.4	27.1	20.6	28.2	51.6	60.7	56.8
YoY Gr.	-	4%	-33.8%	-24.5%	150.9%	-4.3%	-24.1%	36.8%	82.9%	17.7%	-
BVPS (₹) ⓘ	63.9	55.2	39.5	32.5	42.9	52.2	59.3	70	98.7	134.2	156.1
Adj Net Profit ⓘ	13,732	14,283	9,284	7,017	17,472	16,723	12,696	17,374	31,772	37,386	34,998
Cash Flow from Ops. ⓘ	14,382	13,154	16,461	21,115	16,356	4,977	10,592	41,107	35,734	18,103	-
Debt/CF from Ops. ⓘ	0	0.1	0.2	0.1	0.1	1.3	0.6	0.1	0.1	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5%	7.4%	16.5%	3%
Adj EPS ⓘ	12.1%	16.4%	43.3%	17.7%
BVPSⓘ	8.6%	25.6%	31.3%	36%
Share Price	1.6%	15.6%	38.3%	21.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	33.2	38	31.3	31.4	74.9	57.1	37	43.6	61.1	52.1	39.1
Op. Profit Mgn % ⓘ	18.4	16.8	9.9	10.2	25	22.4	20.4	22.5	29.3	29.2	35.8
Net Profit Mgn % ⓘ	14.9	13.7	7.8	8.2	17.5	17.4	14.1	15.8	22.9	26.2	27.4
Debt to Equity ⓘ	0	0	0.1	0.1	0.1	0.2	0.2	0.1	0.1	0.1	0.1
Working Cap Days ⓘ	120	133	136	138	125	158	207	179	154	170	157
Cash Conv. Cycle ⓘ	48	44	41	19	-15	-3	27	13	5	9	71

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.48%

Net Profit is growing at healthy rate in last 3 years 43.33%

Return on Equity has declined versus last 3 years average to 39.10%

Sales growth is not so good in last 4 quarters at -2.38%

Latest Financials - Coal India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	27.4	56.8
TTM Sales (₹ Cr.)	174	1,27,716
BVPS (₹.) ⓘ	29.9	156.1
Reserves (₹ Cr.) ⓘ	12,284	90,034
P/BV ⓘ	13.77	2.64
PE ⓘ	15.05	7.26

From the Market
52 Week Low / High (₹)	328.90 / 544.70
All Time Low / High (₹)	109.50 / 544.70
Market Cap (₹ Cr.)	2,54,028
Equity (₹ Cr.)	6,162.7
Face Value (₹)	10
Industry PE ⓘ	14.4

Management X-Ray of Coal India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Coal India

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Dividend History

Analyst's Notes

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Key Ratios of Coal India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	92,270	1,04,642	1,19,264	85,476	99,959	96,283	90,233	1,09,941	1,38,506	1,42,613
Operating Expenses ⓘ	75,356	87,065	1,07,533	76,745	74,994	74,703	71,849	85,248	97,958	1,00,948
Manufacturing Costs	27,383	30,668	32,566	23,529	24,703	24,875	27,743	32,621	41,510	44,010
Material Costs	-565	-1,444	-1,238	1,679	856	-982	-2,069	2,412	-199	-1,522
Employee Cost	29,863	30,127	33,523	42,622	38,773	39,404	38,592	40,473	49,410	48,783
Other Costs ⓘ	18,676	27,715	42,682	8,914	10,662	11,405	7,582	9,742	7,237	9,676
Operating Profit ⓘ	16,913	17,578	11,731	8,732	24,965	21,580	18,384	24,693	40,549	41,665
Operating Profit Margin (%)	18.3%	16.8%	9.8%	10.2%	25.0%	22.4%	20.4%	22.5%	29.3%	29.2%
Other Income ⓘ	6,999	7,076	6,033	5,531	5,878	6,446	3,989	3,902	10,251	14,275
Interest ⓘ	9	388	410	430	264	503	642	541	684	819
Depreciation ⓘ	2,320	2,826	2,907	3,063	3,450	3,451	3,718	4,429	6,833	6,735
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	21,584	21,440	14,446	10,770	27,127	24,071	18,009	23,616	43,275	48,813
Tax ⓘ	7,857	7,172	5,165	3,732	9,662	7,371	5,307	6,238	11,552	11,443
Profit After Tax	13,727	14,268	9,282	7,038	17,464	16,700	12,702	17,378	31,723	37,369
PAT Margin (%)	14.9%	13.6%	7.8%	8.2%	17.5%	17.3%	14.1%	15.8%	22.9%	26.2%
Adjusted EPS (₹)	21.7	22.6	15.0	11.3	28.3	27.1	20.6	28.2	51.5	60.7
Dividend Payout Ratio (%)	95%	121%	133%	146%	46%	44%	78%	60%	47%	42%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	40,399	34,833	24,518	20,179	26,455	32,157	36,517	43,143	60,843	82,730
Share Capital ⓘ	6,316	6,316	6,207	6,207	6,163	6,163	6,163	6,163	6,163	6,163
Reserves ⓘ	34,083	28,517	18,311	13,971	20,292	25,994	30,355	36,980	54,680	76,567
Minority Interest	66	105	346	362	408	394	441	674	771	852
Debt	402	1,192	3,008	1,531	2,203	6,426	5,875	3,302	4,106	6,280
Long Term Debt	202	263	295	1,054	1,472	1,993	2,688	3,302	4,106	5,617
Short Term Debt	200	929	2,713	477	730	4,433	3,187	0	0	663
Trade Payables	921	3,297	3,884	6,974	9,418	7,251	8,473	8,604	8,549	8,386
Others Liabilities ⓘ	66,840	71,356	83,326	91,069	90,269	1,00,482	1,06,407	1,20,387	1,45,347	1,36,283
Total Liabilities ⓘ	1,08,628	1,10,784	1,15,082	1,20,116	1,28,752	1,46,709	1,57,713	1,76,109	2,19,616	2,34,531
Fixed Assets
Gross Block	44,808	23,414	27,696	36,068	44,226	51,381	60,093	68,061	92,065	1,09,049
Accumulated Depreciation	27,509	2,682	5,517	8,494	11,608	14,597	17,688	21,384	27,517	33,381
Net Fixed Assetsⓘ	17,299	20,731	22,179	27,574	32,618	36,784	42,405	46,677	64,547	75,668
CWIP ⓘ	5,159	5,904	10,303	10,273	9,658	8,328	10,490	12,897	17,622	18,960
Investmentsⓘ	2,813	2,906	1,483	1,704	3,170	1,973	5,950	8,921	7,139	7,110
Inventories	6,184	7,569	8,945	6,444	5,584	6,618	8,947	7,076	8,155	10,177
Trade Receivables	8,522	11,448	12,476	6,258	5,499	14,408	19,623	11,368	13,060	13,256
Cash Equivalents	47,269	38,015	31,149	31,280	31,124	28,449	17,310	29,965	39,922	30,235
Others Assetsⓘ	21,382	24,210	28,546	36,584	41,100	50,150	52,987	59,206	69,170	79,124
Total Assets ⓘ	1,08,628	1,10,784	1,15,082	1,20,116	1,28,752	1,46,709	1,57,713	1,76,109	2,19,616	2,34,531

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	14,382	13,154	16,461	21,115	16,356	4,977	10,592	41,107	35,734	18,103
PBT ⓘ	21,584	21,439	14,445	10,770	27,129	24,071	18,009	23,616	43,275	48,813
Adjustment ⓘ	1,721	2,260	4,589	2,770	3,980	4,609	3,882	6,328	-443	-2,799
Changes in Working Capital ⓘ	649	-2670	6369	15007	-4975	-18288	-5872	16720	2652	-16184
Tax Paid ⓘ	-9,572	-7,875	-8,942	-7,433	-9,778	-5,415	-5,426	-5,558	-9,750	-11,727
Cash Flow From Investing Activity ⓘ	894	8,154	455	-7,747	-7,896	1,033	182	-25,715	-23,465	-4,486
Capex	-4,901	-5,786	-8,676	-8,529	-6,448	-5,589	-10,852	-11,996	-15,211	-16,750
Net Investments	509	8,905	5,667	-1,551	-4,593	3,501	8,818	-14,817	-10,938	9,317
Others ⓘ	5,287	5,035	3,464	2,334	3,144	3,121	2,216	1,099	2,684	2,947
Cash Flow From Financing Activityⓘ	-15,026	-19,587	-17,598	-13,564	-10,885	-4,791	-8,453	-13,441	-13,704	-13,899
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	261	33	760	-418	1,252	-695	0	804	1,501
Interest Paid ⓘ	-7	-21	-31	-37	-12	-69	-196	-85	-138	-224
Dividend Paid ⓘ	-15,596	-17,307	-12,353	-10,220	-8,113	-7,394	-7,706	-10,783	-14,328	-15,098
Others ⓘ	578	-2,521	-5,247	-4,068	-2,342	1,420	144	-2,573	-43	-78
Net Cash Flow ⓘ	250	1,721	-682	-196	-2,426	1,219	2,321	1,951	-1,436	-282

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	33.17	37.95	31.28	31.49	74.9	56.99	36.99	43.63	61.01	52.06
ROCE (%)	51.82	56.85	46.75	45.48	108.73	73.08	46.06	54.38	78.91	64.47
Asset Turnover Ratio	0.93	1.01	1.11	1.11	1.19	1.03	0.88	0.97	1	0.91
PAT to CFO Conversion(x)	1.05	0.92	1.77	3	0.94	0.3	0.83	2.37	1.13	0.48
Working Capital Days
Receivable Days	31	33	35	26	15	26	46	35	22	23
Inventory Days	22	23	24	21	15	16	21	18	14	16
Payable Days	-557	-533	-1,058	1,180	3,494	-3,099	-1,387	1,292	0	-2,031

Coal India Ltd Stock News

Coal India Ltd FAQs

What is the share price of Coal India?

Company share prices are keep on changing according to the market conditions. The closing price of Coal India on 21-Nov-2024 15:41 is ₹406.1.

What is the market cap of Coal India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:41 the market cap of Coal India stood at ₹2,54,027.7.

What is the P/E ratio of Coal India?

The latest P/E ratio of Coal India as of 21-Nov-2024 15:41 is 15.05.

What is the P/B ratio of Coal India?

The latest P/B ratio of Coal India as of 21-Nov-2024 15:41 is 13.77.

What is the 52-week high and low of Coal India?

The 52-week high of Coal India is ₹544.7 and the 52-week low is ₹328.9.

What is the TTM revenue of Coal India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Coal India is ₹174.3 ( Cr.) .

About Coal India Ltd

Coal India Limited (CIL) the state owned coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception, CIL today is the single largest coal producer in the world. CIL is a Maharatna company - a privileged status conferred by Government of India to select state owned enterprises in order to empower them to expand their operations and emerge as global giants.

Business area of the company

The company 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, fertilisers, brick kilns etc.

Products and Services

Coking coal
Semi coking coal
Non-coking coal
Washed and beneficiated coal
Middlings
Rejects
CIL coke / LTC coke
Coal fines / coke fines
Tar / heavy oil / light oil / soft pitch

Awards

2006-07:

Conferred with the ‘Enterprise Excellence Award 2007’ by the Indian Institution of Industrial Engineering.
Award of ‘Mini Ratna’ status by the Department of Public Enterprises, GoI, to the Company and to MCL, NCL, SECL and WCL.

2007-08:

Award of ‘Mini Ratna’ status by the Department of Public Enterprises, GoI, to CCL

2008-09:

Conferred with the ‘SCOPE Gold Trophy 2007-08 for excellence and outstanding contribution to the Public Sector Management’
Conferred with the ‘World’s Largest Coal Producing Company’ Award at the first Dalal Street Investment Journal PSU Awards, 2009.
Ranked among the top five finalists in the 11th Anniversary of Platts Global Energy Awards 2009, in the ‘Energy Producer of the Year’ category.
Award of ‘Navratna’ status to the company by the Department of Public Enterprises, GoI, for its operational efficiency and financial strength, which affords greater operational freedom and autonomy in decision making

2009-10:

Award of ‘Mini Ratna’ status by the Department of Public Enterprises, GoI, to CMPDIL- Chairman and Managing Director of the Company, Partha S. Bhattacharyya, was conferred with the ‘CEO with HR Orientation’ Award by the Council of World HRD Congress at the Global HR Excellence Awards Ceremony 2010.

2010-11:

Coal India bagged a prestigious international award in Geneva

2011-12:

The Maharatna coal mining monolith was awarded ‘IPE CSR Corporate Governance Award 2012’ for its outstanding achievement in Corporate Social Responsibility.
Coal India Limited was named to 'Platts Top 250 Global Energy Company Rankings' for 2012 for having distinguished itself through its remarkable performance last year.

2012-13:

CIL bags 1st prize in the corporate offices category for best implementation of Official Language policy of the Union by Town Official Language Implementation Committee(TOLIC) (PSU), Kolkata on the occasion of prize distribution ceremony-cum-Half yearly meeting
The Maharatna coal mining PSU was conferred with two Corporate Social Responsibility Awards

2014-15:

Bagged the coveted Rashtriya Khel Protsahan Puruskar 2015 award.
Conferred the 'Fastest Growing Award' in the India Today PSU Awards event held in Delhi.

2017-18:

Coal India wins award for ‘innovative use of fully automated tendering process.’

2018-19:

‘BEST team’ award in EDPM (Executive Diploma in Project Management)
Coal India Limited (Northern Coalfields Limited) has been awarded Third Best CPSE in terms of procurement Value through Govt e Market (GeM)

2019-20:

CIL Bags ‘Public Sector Of India’ Award
CIL bags CSR Award For Rural Development
CIL awarded for its innovation in procurement process

Milestones

1973-74: Nationalization of coal mines, in order to provide for a higher growth in coal sector to meet the growing energy needs of the country.
1973-74: Incorporation of the Company as ‘Coal Mines Authority Limited.
1975-76: Change of name of the company to ‘Coal India Limited’.
1975-76: Incorporation of CMPDIL, ECL and WCL, and formation of BCCL, CCL, CMPDIL, ECL and WCL, as its subsidiaries.
1979-80: Construction of the low temperature carbonized plant started in Dankuni Coal Complex.
1979-80: The pricing policy of CMPDIL was reviewed to ensure that the company was working on a commercial line instead of working on ‘no profit no loss’ basis.
1980-81: Construction of five new washeries: Moonidih washery, Ramgarh washery, Mohuda washery, Barora washery, Kedla washery.
1980-81: Overall production of coal by the Company and its subsidiaries crossed 100 million tonnes.
1981-82: Introduction of retention prices of coal by amending the Colliery Control Order, 1945 by notification dated March 31, 1982, in respect of its Subsidiaries.
1985-86: Formation of NCL and SECL as Subsidiaries of the Company, to manage certain mines managed by WCL and CCL.
1987-88: ‘Blasting Gallery Method’ introduced at East Katras mine under BCCL and Chora mine under ECL.
1992-93: Formation of MCL as its Subsidiary to manage mines Talcher and IB valley in the state of Orissa.
1995-96: Approval of a financial restructuring package by the Government, whereby Rs 891.7 crore of interest liability was waived, Rs 904.18 crore of plan loan repayment arrears was converted to preference equity and Rs 432.64 crore of non plan payment arrears were allowed a moratorium for repayment and interest accrual for a period of three years, to be repaid in three equal instalments.
1996-97: Rating of ‘A+’, indicating adequate safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs. 400.0 crore bond issue by the Company.
1996-97: Adoption of financial viability as the basis for approval of coal development projects.
1996-97: Discontinuation of retention prices scheme and the Coal Price Regulation Account (CPRA), with the deregulation in prices of certain grades of coal.
1997-98: Corporatization of the financial flow between the Company and Subsidiaries, such that the Company is to receive only dividends under applicable policy from its Subsidiaries and the corpus of the Company was to be utilized to provide strategic support to a loss making entity only for, maintaining their productive capital assets.
1997-98: Sanction of loan of $1.03 billion from the World Bank and the Japanese Bank for International Co-operation for implementing 24 highly viable open case projects with global sourcing of equipments, of which $84.40 million was availed during the period between Fiscal 1998 to Fiscal 2004.
2001-02: Laying down of a minimum internal rate of return of 12% at 85% capacity utilization as cut off for the development of a project.
2005-06: Rating of ‘AAA/Stable’, indicating highest degree of safety with regard to timely payment of interest and principal, awarded by CRISIL in respect of the Rs 250 million bond programme of the Company.
2005-06: Introduction of sale of coal through ‘e-auction method’.
2005-06: ECL and BCCL reported profit of Rs. 363.8 crore and 202.67 crore in Fiscal 2006.
2006-07: Decline in debt as a percentage of net worth from 66% in 2001-2002 to 10% in 2006-2007.
2008-09: Overall production of coal by the Company and its Subsidiaries, crossed 400 million tonnes.
2009-10: Establishment of Coal India Africana Limitada, a foreign subsidiary in Mozambique
2009-10: Conversion of the Company into a public limited company.
2014: Coal India signs MoU with Government for 2014-15. Coal India and Tata Medical Centre join hands. Coal India announces Rs. 235 Crores for Clean India initiative.
2015: The Union Ministry of Skill Development and Entrepreneurship and the Coal India Limited signed a Memorandum of Agreement to impart skill training to 1.7 lakh people .
2017: Coal India has launched the ‘Grahak Sadak Koyla Vitaran App’ aimed at benefitting customers of the company that are being supplied coal by road.
2017: Coal India has reportedly set up Monitoring and Control Cell at its office as well as all coal producing subsidiaries to monitor the critical coal stocks situation in the country's power plants.
2017-18: Based Online Monitoring System commenced :-Monitoring of 69 coal-mining project costing more than Rs.150 Crores with Project monitoring software MS Project.
2017-18: CIL in association with CMPDI launched a portal MDMS (Mine Data Base Management System) to monitor the ongoing projects costing Rs. 20 Crores and above in CIL.
2018-19: Coal India Limited for the first time, breached the 600 Million Tonne (MT) mark in coal production and off-take ending FY 2019 by producing 606.89 MTs of coal and supplying 608.14 MTs, clocking growths of 6.97% and 4.8% over previous year respectively. The company leapt from the 500 MTs production to 600 MTs in mere three years.
2018-19: All the subsidiaries of CIL earned profit during the year
2019-20: Coal Production: Coal India Limited produced 602.13 Million Tonnes (MTs) of coal, CIL breached the 600mt mark for the second year consecutively.
2019-20: In the month of March 20, CIL produced 84.36 MT, the highest so far in a month since the inception of the company.