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HomeSHARE MARKETGovernment Share Crash; Suddenly 5% Share Down; Know The Share Target Price

Government Share Crash; Suddenly 5% Share Down; Know The Share Target Price

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Coal India Ltd (NSE: COALINDIA): The real reason for the fall in Coal India’s shares is the news of a reduction in production. The chairman of the company says that there may be a shortfall in achieving the production target for the business year 2023-24. 

FY24 production target may remain as low as 10 tonnes. The target of production is 780 tonnes in FY24. 5 subsidiary companies will complete their target.

What Else Did The Chairman Say?

Will offer 15% share of JAN-MAR production in e-auction. The E-auction premium has been reduced from 117% to 45% on a quarter-to-quarter basis. E-auction premium was 117% in Q3 FY24.

Shares of Coal India have increased by 20% in one month, 30% in three months, and 110% in one year.

Coal India’s profit grew to an amount of 9,093.7 crore in the quarter that ended December 2023. The company’s profit in this quarter a year ago was Rs 7,719 crore. 

This increase in the company’s profit is 17.8 percent. Coal India’s December quarter income has increased from Rs 35,169 crore year-on-year to Rs 36,154 crore.

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₹ 2,84,102 Cr.
Current Price₹ 461
52-wk High₹ 488 
52-wk Low₹ 208
Stock P/E9.68
Book Value₹ 113
Dividend5.26 %
ROCE70.5 %
ROE56.0 %
Face Value₹ 10.0
P/B Value4.08
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
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Coal India LtdShareholding Pattern

Promoters Holding
Dec 202263.13%
Mar 202363.13%
June 202363.13%
Sept 202363.13%
Dec 202363.13%
FII Holding
Dec 20227.86%
Mar 20237.84%
June 20239.30%
Sept 20237.80%
Dec 20238.59%
DII Holding
Dec 202221.18%
Mar 202321.05%
June 202322.30%
Sept 202324.07%
Dec 202323.06%
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Govt. Holding
Dec 20220.09%
Mar 20230.09%
June 20230.10%
Sept 20230.10%
Dec 20230.10%
Public Holding
Dec 20224.74%
Mar 20234.90%
June 20235.18%
Sept 20234.91%
Dec 20235.10%

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
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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 Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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