Coal India Ltd (COALINDIA)

Coal India Reports Strong Q4 Results - 03 May, 2024

Coal India reports a 26.29% YoY increase in Q4 net profit to Rs 8,682.20 crore, while sales declined by 2.55%. Shares rose over 4% following the announcement.

Coal India Reports Strong Financials and Production Growth - 02 May, 2024

Coal India reports strong financial results with a 26% YoY rise in Q4FY24 net profit and a 17.8% YoY rise in annual profits. The company also expects robust demand for coal and has set ambitious targets for future production growth.

Coal India Shares Outperform PPF Returns, Production Rises in April - 01 May, 2024

Coal India Ltd's shares declared a dividend yield of 11.5% in FY24, while its production increased by 7.3% to 61.8 MT in April. The company accounts for over 80% of domestic coal production.

Coal India Shares Recommended as Good Value Pick - 29 Apr, 2024

Basav Capital founder recommends Coal India shares as a good value pick in the PSU segment. The coal ministry plans to encourage equity investment by its PSUs for setting up power generation joint ventures.

Coal India's Low P/E Ratio Indicates Lacklustre Earnings Performance - 25 Apr, 2024

Coal India Limited's low P/E ratio of 9.3x suggests investors believe the company's lacklustre earnings performance won't improve, with analysts forecasting a growth rate of only 9.4% per annum over the next three years compared to the market's expected expansion of 20%. Shareholders may not be comfortable holding on while the company is potentially eyeing a less prosperous future.

Mixed Outlook for Coal India Amid Record Production and Challenging Demand Environment - 24 Apr, 2024

Coal India reported record production and sales volume in FY24 with ambitious targets for FY25 and FY26. However, a CNBC-Awaaz report suggests that the company may face a challenging demand environment over the next two years due to captive coal block production. Despite this, analysts predict more than 15% upside for Coal India share price.

AnandRathi Initiates Coverage on Coal India with Buy Rating and Rs 520 Target Price - 23 Apr, 2024

Domestic brokerage AnandRathi has initiated coverage on PSU Maharatna Coal India with a buy rating and a target price of Rs 520, implying an upside potential of over 17%. The company's focus on increasing fuel-supply agreement (FSA) and e-auction volumes, cost-saving measures, and infrastructure-improvement projects are expected to drive greater productivity. The brokerage estimates sales volume/EBITDA CAGRs of 8.5%/13% over FY24-26. Key risks include pressure from international bodies regarding ESG and impact from commercial mining.

Anand Rathi Recommends Buying Coal India with Target Price of Rs. 520 - 22 Apr, 2024

Anand Rathi's research report recommends buying Coal India, citing healthy volume assurance, cost-saving measures, and infrastructure-improvement projects expected to drive greater productivity. The report factors in 8.5%/13% sales volume/EBITDA CAGRs over FY24-26 and expects a ~50% payout.

Coal India Explores Critical Minerals in Chile; Outstanding Dues Rise - 20 Apr, 2024

Coal India plans to explore critical minerals in Chile as part of its strategic move towards diversification and global resource acquisition. Meanwhile, outstanding dues of the power sector to Coal India and Singareni Collieries have risen by 42% YoY to Rs 24,392 crore at the end of FY24.

Coal India Aims for Sustainable Energy Production - 19 Apr, 2024

The Coal Ministry plans to reduce reliance on conventional electricity generation methods and increase domestic coal production through commercial mines. Additionally, the ministry is aiming for zero thermal coal imports by FY26.

India Aims to Produce 1.08 Billion Tonnes of Coal by FY25 - 18 Apr, 2024

The Indian government is confident that it can produce 1.08 billion tonnes of coal in the fiscal year 2024-25, with Coal India set to produce 838 million tonnes. The government plans to open three coking coal mines in Jharkhand this year to reduce imports of coking coal used in the steel sector.

Coal India's Capex for FY24 Increases by 6.5% - 17 Apr, 2024

Coal India's capital expenditure for FY23-24 increased to Rs 19,840 crore, a 6.5% increase from the previous year. The company spent 30.6% of its capex on strengthening coal transportation and handling infrastructure in mining areas. CIL aims to have adequate infra in place to evacuate increased quantities of coal produced in future. Procurement of heavy earth moving machinery witnessed a capex target satisfaction of 156.5%.

Coal India Records Highest Ever Capex in FY24 - 16 Apr, 2024

State-owned Coal India Ltd.'s capital expenditure increased by 6.5% to Rs 19,840 crore in FY24, with capex for coal transportation and handling infrastructure being the highest at Rs 6,070 crore. The higher capex is in line with the company's plans to have adequate infrastructure to evacuate increased quantities of coal produced in future. CIL achieved 120% target satisfaction over the years capex target of Rs 16,500 crore.

Coal India Opens Lower Amid Geopolitical Tensions - 15 Apr, 2024

Coal India Ltd opened lower by over 3% as NIFTY50 and SENSEX fell due to Iran-Israel clashes. However, brokerage maintained its buy call with a target price of Rs 520.

Coal India Aims to Increase Coal Supply Target - 14 Apr, 2024

Coal India plans to supply 171.4 million tonnes of coal to the power sector in Q1FY25, up 11% from Q1FY24. The power ministry has placed a demand of 874 million tonnes of coal for FY24-25, with Coal India expected to supply 661 million tonnes.

Coal India Contributes Rs 60,140.31 Crore to Exchequer in FY24 - 12 Apr, 2024

Coal India's contribution to the exchequer increased by 6.4% YoY to reach Rs 60,140.31 crore in FY24. The amount includes royalties, GST, cess on coal, and other levies. Coal production generates substantial revenue for both central and state governments, with royalty collections from CIL reaching Rs 16,066.69 crore in FY24.

Coal India Stock Delivers Multibagger Returns; Govt Approves Coal Gasification Scheme - 11 Apr, 2024

Coal India's stock has delivered multibagger returns over the past year. The government has approved a multi-pronged scheme to promote coal/lignite gasification projects by state-run and private-sector companies with an outlay of Rs 8,500 crore.

Coal India Targets Higher Supply; Brokerage Maintains Buy Call - 10 Apr, 2024

Coal India aims to increase production by 11% YoY in Q1FY25 while seven of its coal blocks are set to become operational by year-end. A brokerage has maintained a buy call on the stock with a target price of Rs 520. Additionally, Coal India was among the top gainers as Nifty and Sensex ended at record highs.

Coal India Plans Expansion with New Mines - 09 Apr, 2024

Coal India is set to expand its coal output by 100 MT through the opening of 20 new mines, including 10 allocated to the company. The expansion comes as peak power demand in India is expected to cross 400 GW by 2030. Additionally, Coal India reported strong Q3FY24 results with a revenue of Rs. 36,154 Crores and profits of Rs. 9,094 Crores.

Coal India Faces Power Crisis Due to Coal Shortage - 07 Apr, 2024

Coal India Limited, the largest coal-producing company in the world, faces a potential impact on its revenue and stock prices due to the power crisis in India caused by a shortage of coal. However, an article discussing the Discounted Cash Flow model estimates that Coal India is potentially trading close to its fair value.