Maharatna PSU Stock: Maharatna company Coal India (NSE: COALINDIA) said that till March 7 in the financial year 2023-24, its production record reached 703.91 million tonnes. This is higher than the total production of 703.20 million tonnes during the previous financial year.
The Coal Ministry gave this information on Friday. Coal India is continuously focusing on increasing production.
This week this share closed at Rs 458 (Coal India Share Price). This stock has given a return of 30 percent in three months. This will give 100% Strong Returns To Investors.
Various Measures To Increase Coal Production
The Coal Ministry said that many major measures are being taken by the company to increase production.
The ministry said that Coal India has maintained adequate reserves of 72.70 million tonnes till March 7, 2024.
The ministry said in a press note, “Coal India Limited (CIL) has produced a record production of 70.39 crore tonnes of coal during the current financial year till March 7, 2024,
which is more than the production of 70.32 crore tonnes in the last financial year. This achievement has been achieved 26 days ago.
8.7% Jump In Production In February
Here in the information sent to the stock market, Coal India said that in February, the production of Coal India on a provisional basis was 74.8 million tonnes.
A year ago it was 68.8 million tonnes.
This growth was 8.7 percent. Total production in the 11 months of the current financial year was 685.1 million tonnes as against 619.7 million tonnes in the same quarter a year ago. This growth is 10.5 percent.
12% Jump In Coal Offtake In February
Talking about coal offtake, the total offtake of Coal India Limited in February was 65.3 million tonnes which was 58.3 million tonnes a year ago.
This growth was 12 percent. Total coal offtake in the 11 months of the current financial year was 684.7 million tonnes as against 630.5 million tonnes in the same quarter a year ago.
This growth has been 8.6 percent.
Coal India Share Price History
Brokerages too are optimistic about Coal India. Brokerage firm has given a big target of Rs 561 for this. The share is currently at the level of 458.
52-week maximum is 488. This is also the record high.
So far this year, this stock has given strong returns of 20 percent, 30 percent in three months, 66 percent in six months, 105 percent in one year, and 145 percent in two years.
About Coal India Ltd
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 | ₹ 2,82,623 Cr. |
| Current Price | ₹ 459 |
| 52-wk High | ₹ 488 |
| 52-wk Low | ₹ 208 |
| Stock P/E | 9.63 |
| Book Value | ₹ 113 |
| Dividend | 5.29 % |
| ROCE | 70.5 % |
| ROE | 56.0 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.06 |
| 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% |
Last 10 Years’ Sales Growth:
| 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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