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Coal India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹441.58Fairly Valued by 8.00%vs CMP ₹480.00

P/E (9.5) × ROE (28.5%) × BV (₹193.00) × DY (5.52%)

₹489.62Fairly Valued by 2.00%vs CMP ₹480.00
MoS: +2% (Thin)Confidence: 43/100 (Low)Models: 2 Under, 4 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹492.1622%Fair (+2.5%)
Graham NumberEarnings₹458.6916%Fair (-4.4%)
Earnings PowerEarnings₹451.5311%Fair (-5.9%)
DCFCash Flow₹828.0113%Under (+72.5%)
Net Asset ValueAssets₹170.957%Over (-64.4%)
EV/EBITDAEnterprise₹707.229%Under (+47.3%)
Earnings YieldEarnings₹484.507%Fair (+0.9%)
ROCE CapitalReturns₹272.749%Over (-43.2%)
Revenue MultipleRevenue₹232.615%Over (-51.5%)
Consensus (9 models)₹489.62100%Fairly Valued
Key Drivers: Wide model spread (₹171–₹828) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.5%

*Investments are subject to market risks

Analyst Summary

Coal India Ltd operates in the Mining/Minerals segment, NSE: COALINDIA | BSE: 533278, current market price is ₹480.00, market cap is 2,95,842 Cr.. At a glance, stock P/E is 9.51, ROE is 28.5 %, ROCE is 35.3 %, book value is 193, dividend yield is 5.52 %. The latest intrinsic value estimate is ₹489.62, which is broadly in line with the current market price. On operating trend, latest reported sales are about ₹143,369 Cr versus the prior period change of -1.0%, while latest net profit is about ₹35,302 Cr with a prior-period change of -5.5%. The 52-week range shown on this page is 491/369, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisCoal India Ltd. is a Public Limited Listed company incorporated on 14/06/1973 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L23109…

This summary is generated from the stock page data available for Coal India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

71
Coal India Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 35.3% ExcellentROE 28.5% ExcellentD/E 0.16 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.48% (6mo) Slight increaseDII holding down 0.82% MF sellingPromoter holding at 63.1% Stable
Earnings Quality75/100 · Strong
OPM expanding (28% → 33%) ImprovingWorking capital: -14 days (improving) Efficient
Quarterly Momentum30/100 · Weak
Revenue (4Q): -1% YoY FlatProfit (4Q): -14% YoY DecliningOPM: 22.0% (down 6.0% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 9.5 vs industry 17.1 Cheaper than peersROCE 35.3% vs industry 18.4% Above peersROE 28.5% vs industry 15.2% Above peers3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:00 am

Market Cap 2,95,842 Cr.
Current Price 480
Intrinsic Value₹489.62
High / Low 491/369
Stock P/E9.51
Book Value 193
Dividend Yield5.52 %
ROCE35.3 %
ROE28.5 %
Face Value 10.0
PEG Ratio0.83

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Coal India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Coal India Ltd 2,95,842 Cr. 480 491/3699.51 1935.52 %35.3 %28.5 % 10.0
Vedanta Ltd 1,15,198 Cr. 295 296/14413.3 12714.8 %16.5 %19.0 % 1.00
NMDC Ltd 78,361 Cr. 89.1 92.8/61.611.4 36.93.70 %29.6 %23.6 % 1.00
Gujarat Mineral Development Corporation Ltd 23,142 Cr. 728 772/28936.2 2111.39 %14.1 %10.9 % 2.00
Redington Ltd 17,334 Cr. 222 335/19112.4 1153.07 %18.9 %14.4 % 2.00
Industry Average43,182.62 Cr548.8617.08100.701.94%18.42%15.16%5.18

All Competitor Stocks of Coal India Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 29,83835,16938,15235,98332,77636,15438,21336,46531,18236,85937,82535,84230,187
Expenses 22,70024,78128,81922,43122,73823,18326,82622,12622,56524,54126,03423,32123,471
Operating Profit 7,13910,3899,33313,55210,03812,97111,38814,3398,61712,31711,79012,5216,716
OPM % 24%30%24%38%31%36%30%39%28%33%31%35%22%
Other Income 1,7611,6712,2911,5382,0742,4892,3181,9701,6422,2144,1061,7602,350
Interest 135204195178182227232209208226241265287
Depreciation 1,0771,2621,8601,5271,5941,7231,8921,9521,8982,5132,7822,3072,664
Profit before tax 7,68710,5949,56913,38510,33613,51011,58214,1478,15311,79212,87311,7096,115
Tax % 21%27%28%22%22%24%26%23%23%28%25%25%30%
Net Profit 6,0447,7196,86910,4988,04910,2928,53010,9446,2758,4919,5938,7344,263
EPS in Rs 9.8112.5811.1617.0813.0616.6413.9117.7810.2113.8015.5814.197.07

Last Updated: January 2, 2026, 2:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 26, 2026, 5:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 70,60874,12077,86178,16485,24499,58696,08090,026109,715138,252144,762143,369138,778
Expenses 52,84256,77759,14765,71675,95674,57974,50071,45584,99594,02096,79196,30598,419
Operating Profit 17,76617,34318,71412,4489,28825,00721,58118,57124,72144,23247,97147,06440,359
OPM % 25%23%24%16%11%25%22%21%23%32%33%33%29%
Other Income 7,1696,5705,9395,3164,9755,8346,4443,7913,8666,5608,3969,93210,896
Interest 5993884104302645036455416848198841,114
Depreciation 1,9962,3202,8262,9073,0633,4503,4513,7094,4296,8336,7359,1459,972
Profit before tax 22,88021,58421,44014,44610,77027,12724,07118,00923,61643,27548,81346,96640,170
Tax % 34%36%33%36%35%36%31%29%26%27%23%25%
Net Profit 15,11213,72714,2679,2807,03817,46416,70012,70217,37831,72337,36935,30229,755
EPS in Rs 23.9221.7322.5914.9511.3428.3427.1220.6128.1751.5460.6957.3748.45
Dividend Payout % 121%95%121%133%146%46%44%78%60%47%42%46%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-9.16%3.93%-34.95%-24.16%148.14%-4.37%-23.94%36.81%82.55%17.80%-5.53%
Change in YoY Net Profit Growth (%)0.00%13.10%-38.89%10.80%172.30%-152.51%-19.57%60.75%45.73%-64.75%-23.33%

Coal India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:9%
TTM:-2%
Compounded Profit Growth
10 Years:10%
5 Years:16%
3 Years:27%
TTM:-12%
Stock Price CAGR
10 Years:2%
5 Years:24%
3 Years:19%
1 Year:-22%
Return on Equity
10 Years:46%
5 Years:47%
3 Years:49%
Last Year:39%

Last Updated: September 5, 2025, 2:05 am

Balance Sheet

Last Updated: April 15, 2026, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6,3166,3166,3166,2076,2076,1636,1636,1636,1636,1636,1636,1636,163
Reserves 36,08834,03728,51718,31113,97120,29225,99430,35536,98054,68076,56792,94299,200
Borrowings 1784081,1993,0141,5382,2106,4345,8833,5144,3316,5239,14613,786
Other Liabilities 62,35670,50577,52891,054103,754104,356111,430118,657132,780156,222147,217150,735146,468
Total Liabilities 104,938111,267113,560118,587125,471133,021150,020161,058179,436221,396236,470258,985265,618
Fixed Assets 14,78416,11522,08223,81127,57432,61836,78442,40546,67764,54775,66882,86587,065
CWIP 4,3165,1594,5538,58510,2739,6588,32810,49012,89717,62218,96022,38517,238
Investments 3,7752,8132,9061,4831,7043,1701,9735,9508,9217,1397,1107,5919,556
Other Assets 82,06387,17984,01884,70885,92087,576102,936102,212110,942132,087134,731146,144151,759
Total Assets 104,938111,267113,560118,587125,471133,021150,020161,058179,436221,396236,470258,985265,618

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 14,38213,15416,46121,11516,3564,97710,59241,10735,73418,10329,20043,215
Cash from Investing Activity + 8948,154455-7,747-7,8961,033182-25,715-23,465-4,486-10,076-33,955
Cash from Financing Activity + -15,026-19,587-17,598-13,564-10,885-4,791-8,453-13,441-13,704-13,899-13,308-11,801
Net Cash Flow 2501,721-682-196-2,4261,2192,3211,951-1,436-2825,815-2,541
Free Cash Flow 9,4807,3687,78512,5869,356-612-26029,11120,5231,35315,96031,191
CFO/OP 138%112%204%307%105%48%86%189%103%62%87%116%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-161.00-391.0017.009.008.0023.0015.0013.0021.0040.0041.0038.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 434254582720558038343332
Inventory Days 321375541
Days Payable 4150215
Cash Conversion Cycle 323367380582720558038343332
Working Capital Days 809-23-59-342554-3-1125-14
ROCE %50%52%57%46%45%107%72%46%54%78%64%48%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%63.13%
FIIs 7.84%9.30%7.80%8.59%8.41%8.39%9.16%8.58%7.74%8.16%7.96%8.22%
DIIs 21.05%22.30%24.07%23.06%23.18%23.15%22.56%22.59%23.35%22.66%22.80%22.53%
Government 0.09%0.10%0.10%0.10%0.11%0.11%0.11%0.11%0.11%0.12%0.12%0.13%
Public 4.90%5.18%4.91%5.10%5.16%5.21%5.02%5.59%5.68%5.93%5.98%5.98%
No. of Shareholders 13,24,23813,24,73313,17,69913,80,10415,75,60817,49,43719,95,55522,23,44222,79,03523,07,45023,22,68627,95,663

Shareholding Pattern Chart

No. of Shareholders

Coal India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund 159,832,308 5.26 7044.61162,039,5582026-02-23 01:11:50-1.36%
HDFC Balanced Advantage Fund 46,700,000 1.93 2058.351,500,0002026-02-23 01:11:50-9.32%
SBI Equity Hybrid Fund 26,750,000 1.45 1179.01N/AN/AN/A
SBI Flexicap Fund 8,428,341 1.6 371.48N/AN/AN/A
Tata Value Fund 8,370,000 4.18 368.917,320,6192026-02-23 01:11:5014.33%
Parag Parikh ELSS Tax Saver Fund 8,209,670 6.27 361.84N/AN/AN/A
Nippon India Small Cap Fund 7,000,000 0.47 308.538,056,7432026-02-23 01:11:50-13.12%
Nippon India ELSS Tax Saver Fund 6,800,000 2.01 299.71N/AN/AN/A
Aditya Birla Sun Life PSU Equity Fund 4,082,418 3.15 179.934,582,4182025-12-15 01:00:11-10.91%
UTI Value Fund 3,500,000 1.57 154.263,764,5922026-02-23 01:11:50-7.03%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 57.3760.6945.7028.1720.61
Diluted EPS (Rs.) 57.3760.6945.7028.1720.61
Cash EPS (Rs.) 71.3770.8753.2435.4026.64
Book Value[Excl.RevalReserv]/Share (Rs.) 160.81135.6294.1471.1059.97
Book Value[Incl.RevalReserv]/Share (Rs.) 160.81135.6294.1471.1059.97
Revenue From Operations / Share (Rs.) 232.64230.94224.34178.03146.08
PBDIT / Share (Rs.) 91.7390.7770.3746.4036.29
PBIT / Share (Rs.) 76.8979.8462.7839.2130.27
PBT / Share (Rs.) 75.4678.5161.6738.3429.23
Net Profit / Share (Rs.) 56.5359.9445.6528.2120.62
NP After MI And SOA / Share (Rs.) 57.3760.6945.7028.1720.61
PBDIT Margin (%) 39.4339.3031.3626.0624.84
PBIT Margin (%) 33.0534.5727.9822.0220.72
PBT Margin (%) 32.4333.9927.4921.5320.00
Net Profit Margin (%) 24.3025.9520.3415.8414.11
NP After MI And SOA Margin (%) 24.6626.2720.3715.8214.10
Return on Networth / Equity (%) 35.6745.2149.2040.2334.77
Return on Capital Employeed (%) 24.2427.8927.1519.6716.93
Return On Assets (%) 13.5815.7313.339.637.85
Long Term Debt / Equity (X) 0.070.060.070.070.07
Total Debt / Equity (X) 0.080.070.070.070.16
Asset Turnover Ratio (%) 0.570.630.010.010.01
Current Ratio (X) 1.491.701.571.621.64
Quick Ratio (X) 1.291.531.451.491.47
Inventory Turnover Ratio (X) 12.581.260.000.000.00
Dividend Payout Ratio (NP) (%) 45.9240.3650.8762.1360.65
Dividend Payout Ratio (CP) (%) 36.4834.2043.6349.5046.93
Earning Retention Ratio (%) 54.0859.6449.1337.8739.35
Cash Earning Retention Ratio (%) 63.5265.8056.3750.5053.07
Interest Coverage Ratio (X) 63.9868.2763.3852.8134.69
Interest Coverage Ratio (Post Tax) (X) 40.4346.0942.1133.1120.71
Enterprise Value (Cr.) 221092.84244214.3896630.2987582.0669368.08
EV / Net Operating Revenue (X) 1.541.720.690.790.77
EV / EBITDA (X) 3.914.372.233.063.10
MarketCap / Net Operating Revenue (X) 1.711.880.951.030.89
Retention Ratios (%) 54.0759.6349.1237.8639.34
Price / BV (X) 2.483.232.302.612.20
Price / Net Operating Revenue (X) 1.711.880.951.030.89
EarningsYield 0.140.130.210.150.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Coal India Ltd. is a Public Limited Listed company incorporated on 14/06/1973 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L23109WB1973GOI028844 and registration number is 028844. Currently Company is involved in the business activities of Mining of hard coal. Company's Total Operating Revenue is Rs. 1577.28 Cr. and Equity Capital is Rs. 6162.73 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Mining/MineralsCoal Bhawan, Premises No-04 MAR, Kolkata West Bengal 700156Contact not found
Management
NamePosition Held
Mr. P M PrasadChairman & Managing Director
Dr. Vinay RanjanDirector - Human Resources
Mr. Mukesh ChoudharyDirector - Marketing
Mr. Mukesh AgrawalDirector - Finance
Mr. Achyut GhatakDirector - Technical
CA. Kamesh Kant AcharyaIndependent Director
Mr. B Rajesh ChandarIndependent Director
Mr. Punambhai Kalabhai MakwanaIndependent Director
Mr. Ghanshyam Singh RathoreIndependent Director
Mrs. Mamta PalariyaIndependent Director
Mr. Satyabrata PandaIndependent Director
Mrs. Rupinder BrarGovernment Nominee Director
Mr. Ashish ChatterjeeGovernment Nominee Director

FAQ

What is the intrinsic value of Coal India Ltd and is it undervalued?

As of 10 May 2026, Coal India Ltd's intrinsic value is ₹489.62, which is 2.00% higher than the current market price of ₹480.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (28.5 %), book value (₹193), dividend yield (5.52 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Coal India Ltd?

Coal India Ltd is trading at ₹480.00 as of 10 May 2026, with a FY2026-2027 high of ₹491 and low of ₹369. The stock is currently near its 52-week high. Market cap stands at ₹2,95,842 Cr..

How does Coal India Ltd's P/E ratio compare to its industry?

Coal India Ltd has a P/E ratio of 9.51, which is below the industry average of 17.08. This is broadly in line with or below the industry average.

Is Coal India Ltd financially healthy?

Key indicators for Coal India Ltd: ROCE of 35.3 % indicates efficient capital utilization; ROE of 28.5 % shows strong shareholder returns. Dividend yield is 5.52 %.

Is Coal India Ltd profitable and how is the profit trend?

Coal India Ltd reported a net profit of ₹35,302 Cr in Mar 2025 on revenue of ₹143,369 Cr. Compared to ₹17,378 Cr in Mar 2022, the net profit shows an improving trend.

Does Coal India Ltd pay dividends?

Coal India Ltd has a dividend yield of 5.52 % at the current price of ₹480.00. This is a relatively attractive yield for income-seeking investors.

Last Updated: May 5, 2026, 12:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533278 | NSE: COALINDIA
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Coal India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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