Coal India Ltd (NSE: COALINDIA): Coal India Limited has seen its shares soar by 24 percent in 2024, and 120 percent over the past year. The demand for coal is high.
This is also when the market is in demand for renewable energies. Investors are interested in whether the demand for coal will continue to grow in the future.
Will Coal India keep paying dividends? Stock market analysts are generally positive about Coal India. Coal India’s target has been set at Rs 512 to 535.
Coal India provides 89 percent of total production for the power sector, and thermal power is responsible for more than 80 percent of the electricity produced in India.
India still has a lot of work to do to achieve its renewable energy target for FY 2030.
The power ministry set the target power generation for FY 2024 to 1,750bu, an increase of 7.2 percent on a year-on-year basis.
Thermal energy will account for more than 75 percent of the total.
A renowned brokerage house set a target price of Rs 512 for Coal India. The brokerage raised its EBITDA estimate for FY 2024-2026 from 9-15 percent citing better outlooks, higher e-auction premiums, and lower costs.
Another brokerage house believes the demand for coal could remain high. They stated that, if they set a target price of Rs 500 for the stock, they would expect a dividend per share of Rs 30 in FY2024 and FY25.
Price Can Go Up To Rs 512
A popular expert set a target price of Rs 489, for the shares. Coal India remains a positive for brokers.
Another brokerage house revised its target for the stock from Rs 490 to Rs 510. The stock gained 2.28 percent on Thursday to Rs 477 at the NSE.
About Coal India Ltd Company
Coal India Ltd. is an Indian-based coal mining corporation. Coal India operates through affiliates in the 83 mining regions which are spread across eight states of India.
The Company operates 322 mines 138 underground, 171 opencast, and thirteen mixed mines. The Company also runs other establishments such as hospitals, workshops, and other facilities.
The Company operates 21 training institutes and Vocational Training Centers with 76. The company operates the Indian Institute of Coal Management (IICM), a corporate training institute located in India.
IICM offers multi-disciplinary courses. It owns 11 wholly-owned subsidiary companies, which include Eastern Coalfields Limited, Bharat Coking Coal Limited Central Coalfields Limited,
Western Coalfields Limited, South Eastern Coalfields Limited, Northern Coalfields Limited, Mahanadi Coalfields Limited, Central Mine Planning & Design Institute Limited, CIL Navi Karniya Uja Limited, CIL Solar PV Limited, and Coal India Africana Limitada.
Fundamental Analysis of Coal India Ltd
| Market Cap | ₹ 2,95,071 Cr. |
| Current Price | ₹ 477 |
| 52-wk High | ₹ 481 |
| 52-wk Low | ₹ 207.60 |
| Stock P/E | 10.04 |
| Book Value | ₹ 113 |
| Dividend | 5.06 % |
| ROCE | 70.5 % |
| ROE | 56.0 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.22 |
| OPM | 25.8 % |
| EPS | ₹ 47.7 |
| Debt | ₹ 6,313 Cr. |
| Debt to Equity | 0.09 |
Coal India Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 450 | ₹ 528 |
| 2025 | ₹ 530 | ₹ 555 |
| 2026 | ₹ 560 | ₹ 587 |
| 2027 | ₹ 590 | ₹ 612 |
| 2028 | ₹ 622 | ₹ 681 |
| 2029 | ₹ 700 | ₹ 722 |
| 2030 | ₹ 731 | ₹ 750 |
Coal India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 66.13% |
| Mar 2022 | 66.13% |
| June 2023 | 63.13% |
| Sept 2023 | 63.13% |
| Dec 2023 | 63.13% |
| FII Holding | |
| Dec 2022 | 7.86% |
| Mar 2022 | 7.84% |
| June 2023 | 9.30% |
| Sept 2023 | 7.80% |
| Dec 2023 | 8.59% |
| DII Holding | |
| Dec 2022 | 21.18% |
| Mar 2022 | 21.05% |
| June 2023 | 22.30% |
| Sept 2023 | 24.07% |
| Dec 2023 | 23.06% |
| Govt. Holding | |
| Dec 2022 | 0.09% |
| Mar 2022 | 0.09% |
| June 2023 | 0.10% |
| Sept 2023 | 0.10% |
| Dec 2023 | 0.10% |
| Public Holding | |
| Dec 2022 | 4.74% |
| Mar 2022 | 4.90% |
| June 2023 | 5.18% |
| Sept 2023 | 4.91% |
| Dec 2023 | 5.10% |
Coal India Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 99,586 Cr |
| 2020 | ₹ 96,080 Cr |
| 2021 | ₹ 90,026 Cr |
| 2022 | ₹ 109,715 Cr |
| 2023 | ₹ 143,066 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 17,464 Cr |
| 2020 | ₹ 16,700 Cr |
| 2021 | ₹ 12,702 Cr |
| 2022 | ₹ 17,378 Cr |
| 2023 | ₹ 29,376 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.08 |
| 2020 | 0.02 |
| 2021 | 0.16 |
| 2022 | 0.08 |
| 2023 | 0.07 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 32% |
| 3 Years: | 19% |
| Current Year: | 0% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 43% |
| 5 Years: | 52% |
| 3 Years: | 47% |
| Last Year: | 56% |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Current Year: | 8% |
Conclusion
This article is a complete guide about Coal India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
