ट्रेंडिंग न्यूज़

This PSU Stock Will Go Up To ₹523, Buy It For Strong Profits; 100% Yearly Returns

Maharatna PSU Stock to Buy: It is advisable to buy the stock of Maharatna government company Coal India (NSE: COALINDIA) from a long-term perspective. 

Brokerage firm has advised to invest in shares from the perspective of the next 12 months. The brokerage says that the company’s performance has been strong in FY 2024 and the growth outlook looks better in the future also. 

Shareholders of this stock have received more than 100 percent returns in a year.

Why Is Brokerage Bullish On Coal India?

The brokerage says the long-term outlook for Coal India looks better. It is anticipated that the company will expand because of the high demand for energy in the sector. 

Coal’s share in India’s energy basket is 50 percent. Also, about 70 percent of the electricity requirement is met through coal. 

In such a situation, it is the primary source of energy in the country. Demand may reach 1.5 billion tonnes by 2030. Coal India will directly benefit from this.

On the other hand, Coal India achieved its highest production volume of 774 MT in FY24. The government has set a target of 24×7 power supply by 2025. 

In light of this is the case, Coal India has set the goal of achieving 1000MT of production in FY26E.

Coal India’s production may grow at 11% CAGR during FY23-26E. By FY26E it could be 950 MT.

Coal India: Shares Will Touch ₹523 In 12 Months

Brokerage house has advised to buy on Coal India. In addition, within the context of 12 months, the target price for shares was fixed at Rs.523.

The share closed at Rs 447.05 on April 5, 2024. This way, the price could jump by 23 percent above the price at present.

There was pressure on the shares on Friday. The stock remained trading flat throughout the session. Maharatna PSU Stocks have increased by over 100 percent in the last year.

The return of the stock in 6 months is around 55 percent. So far this year, the stock has risen by about 18 percent.

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₹ 2,75,443 Cr.
Current Price₹ 447.05
52-wk High₹ 488
52-wk Low₹ 220
Stock P/E9.39
Book Value₹ 113
Dividend5.43 %
ROCE70.5 %
ROE56.0 %
Face Value₹ 10.0
P/B Value3.95
OPM25.8 %
EPS₹ 47.7
Debt₹ 6,313 Cr.
Debt to Equity0.09

Coal India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 450₹ 528
2025₹ 530₹ 555
2026₹ 560₹ 587
2027₹ 590₹ 612
2028₹ 622₹ 681
2029₹ 700₹ 722
2030₹ 731₹ 750

Coal India Shareholding Pattern

Promoters Holding
Mar 202366.13%
June 202366.13%
Sept  202363.13%
Dec  202363.13%
Mar 202463.13%
FII Holding
Mar 20237.84%
June 20239.30%
Sept  20237.80%
Dec  20238.59%
Mar 20248.41%
DII Holding
Mar 202321.05%
June 202322.30%
Sept  202324.07%
Dec  202323.06%
Mar 202423.18%
Govt. Holding
Mar 20230.09%
June 20230.10%
Sept  20230.10%
Dec  20230.10%
Mar 20240.11%
Public Holding
Mar 20234.90%
June 20235.18%
Sept  20234.91%
Dec  20235.10%
Mar 20245.16%

Coal India Ltd Share: Last 5 Years’ Financial Condition

To better understand 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:

20190.08
20200.2
20210.16
20220.08
20230.07

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 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: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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