back to top
HomeSHARE MARKETThis Govt Share Was Given 100% Return In One Year; Buy Advice...

This Govt Share Was Given 100% Return In One Year; Buy Advice And Target ₹485

Hot Stocks Alert Join

Maharatna PSU Stock: In the last few years, shares of government companies have performed tremendously. Most of the PSU stocks made records of multi-year highs. 

However, there has also been a big correction in the last one month of March. The name of one such company is Coal India Ltd (NSE: COALINDIA), which is one of the largest coal companies in the world. 

The share was traded for Rs 433 (Coal Indira share price) during the week. On February 16, it had made an all-time high of Rs 488. Let us know whether this stock will remain green in the future or if there is pressure in the red.

Coal India Share Price

Shares of Coal India closed at Rs 430 this week. The 52-week high is Rs 488 which is an all-time high. It made this record on 16 February 2024. From there it has corrected 10-12%. 

So far this year, it has given returns of 13 percent, 18 percent in three months, 52 percent in six months, and 100 percent in one year. It had made a low of Rs 368 on January 18 this year and a low of Rs 207 on March 27, 2023.

Brokerage Is Bullish And  Buys Advice On Coal India

Brokerage is bullish on Coal India. It has given buy advice and a target of Rs 485. The brokerage says the company will start 2 power plants under forward integration. Volume growth is healthy and volumes are expected to grow by 9% in FY25. 

The dividend yield is 6-7% which is quite attractive for many investors. The brokerage’s target is a 5x multiple over FY26 EV/EBITDA. The company’s performance, financials, and outlook are extreme, and big and good changes are happening continuously.

Other Brokerage Ratings On Coal India

On the other hand, brokerage is bearish on Coal India. They has given a neutral rating and a target of Rs 430. It says that Q3 showed dominance of e-auction premium which was 117%. 

It could fall to 40% by the end of the fourth quarter of this year. However, the management has reduced the volume guidance for FY24 by 1 percent.

He says that it has taken a 100% jump in 1 year. In such a scenario, the price is very excessive.

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₹ 2,66,199 Cr.
Current Price₹ 432
52-wk High₹ 488 
52-wk Low₹ 208
Stock P/E9.07
Book Value₹ 113
Dividend5.61 %
ROCE70.5 %
ROE56.0 %
Face Value₹ 10.0
P/B Value3.82
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
Hot Stocks Alert Join

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%
Hot Stocks Alert Join
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
Hot Stocks Alert Join

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. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here