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HomeSHARE MARKET₹419 Target For This Government Share; Company Target 780 Metric Ton Production

₹419 Target For This Government Share; Company Target 780 Metric Ton Production

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PSU Stocks to BUY: Coal India (NSE: COALINDIA) is the country’s largest coal producer which has Maharatna status. As of March 2023, the company operates 322 mines. 

Of these, 138 are underground and 171 are open cast. It’s the world’s biggest coal producer. 

The stock has seen plenty of activity over the last few months and is likely to remain so shortly as well. 

This share is currently at a level of Rs 390 (Coal India Shares Price). It has given a bumper return of 70 percent in just six months.

Coal India Share Price

A domestic brokerage has advised to buy Coal India shares for the next 6-9 months. The goal is set at Rs 419. 

Currently, this share is worth Rs 390. In this case, the return is 10 percent. The 52-week high is Rs 405 and the low is Rs 207. The market cap of the company is Rs 2.4 lakh crore.

Coal Demand Is Strong From The Power Sector

Coal production in the nine months till December of FY24 was 532 MT, which is 11 percent more on an annual basis. 

The target of this fiscal has been kept at 780 MT. Coal offtake in the first nine months stood at 552 MT, an increase of 9 percent on an annual basis. 

Its target has also been set at 780 MT. In FY25-26, the company has set the target of coal supply at 850/1000 MT. Strengthens demand visibility of the power sector.

Coal India Share Price History

If we look at the performance of Coal India shares, this week it closed at the level of Rs 390. The 52-week high is Rs 405 and the all-time high is Rs 447. 

This week the stock has risen by 3.7 percent, 7.2 percent in one month, 25 percent in three months, 70 percent in six months, and about 75 percent in one year.

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₹ 2,39,977 Cr.
Current Price₹ 389
52-wk High₹ 405 
52-wk Low₹ 208
Stock P/E8.57
Book Value₹ 113
Dividend6.23%
ROCE70.5 %
ROE56.0 %
Face Value₹ 10.0
P/B Value3.44
OPM25.3 %
EPS₹ 45.5
Debt₹ 6,313 Cr.
Debt to Equity0.09

Coal India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹390₹438
2025₹445₹480
2026₹500₹532
2027₹565₹600
2028₹622₹681
2029₹700₹722
2030₹731₹750
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Coal India Ltd Shareholding Pattern

Promoters Holding
Dec 202266.13%
Mar 202266.13%
June 202366.13%
Sept  202366.13%
Dec 202366.13%
FII Holding
Dec 20227.86%
Mar 20227.84%
June 20239.30%
Sept  20237.80%
Dec 20238.59%
DII Holding
Dec 202221.18%
Mar 202221.05%
June 202322.30%
Sept  202324.07%
Dec 202323.06%
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Govt. Holding
Dec 20220.09%
Mar 20220.09%
June 20230.10%
Sept  20230.10%
Dec 20230.10%
Public Holding
Dec 20224.74%
Mar 20224.90%
June 20235.18%
Sept  20234.91%
Dec 20235.10%

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₹142,081 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₹28,002 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.08
20200.02
20210.16
20220.08
20230.07

Last 10 Years’ Profit Growth:

10 Years:5%
5 Years:32%
3 Years:19%
Current Year:7%

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:13%

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

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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.

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