Major Estimate Revision • May 04
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2027 has improved. 2027 revenue forecast increased from ₹1.52t to ₹1.67t. EPS estimate increased from ₹53.61 to ₹54.78 per share. Net income forecast to grow 8.3% next year vs 6.9% growth forecast for Oil and Gas industry in India. Consensus price target up from ₹431 to ₹447. Share price rose 6.1% to ₹480 over the past week. Reported Earnings • Apr 29
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹50.46 (down from ₹57.37 in FY 2025). Revenue: ₹1.68t (up 27% from FY 2025). Net income: ₹310.9b (down 12% from FY 2025). Profit margin: 19% (down from 27% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 13
Coal India Limited to Report Q4, 2026 Results on Apr 27, 2026 Coal India Limited announced that they will report Q4, 2026 results on Apr 27, 2026 Buy Or Sell Opportunity • Mar 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to ₹468. The fair value is estimated to be ₹387, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Reported Earnings • Feb 13
Third quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2026 results: EPS: ₹11.61 (down from ₹13.80 in 3Q 2025). Revenue: ₹373.2b (up 15% from 3Q 2025). Net income: ₹71.6b (down 16% from 3Q 2025). Profit margin: 19% (down from 26% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
Coal India Limited to Report Q3, 2026 Results on Feb 12, 2026 Coal India Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Buy Or Sell Opportunity • Jan 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ₹456. The fair value is estimated to be ₹377, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 7.5% in the next 2 years. Declared Dividend • Oct 31
Second quarter dividend of ₹10.25 announced Shareholders will receive a dividend of ₹10.25. Ex-date: 4th November 2025 Payment date: 28th November 2025 Dividend yield will be 6.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: ₹7.07 (down from ₹10.21 in 2Q 2025). Revenue: ₹323.3b (up 19% from 2Q 2025). Net income: ₹43.5b (down 31% from 2Q 2025). Profit margin: 14% (down from 23% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 09
Coal India Limited to Report Q2, 2026 Results on Oct 29, 2025 Coal India Limited announced that they will report Q2, 2026 results on Oct 29, 2025 Announcement • Aug 29
Coal India Limited Approves Final Dividend for the Financial Year 2024-25 Coal India Limited approved to confirm 1st and 2nd Interim dividend paid @ INR 15.75/- per share (157.50%) and INR 5.60/- per share (56.00%) respectively on equity shares for the financial year 2024-25 and to declare the final dividend @ INR 5.15/-per share (51.50%) on equity shares for the financial year 2024-25. Announcement • Aug 04
Coal India Limited, Annual General Meeting, Aug 28, 2025 Coal India Limited, Annual General Meeting, Aug 28, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ₹14.19 (down from ₹17.78 in 1Q 2025). Revenue: ₹374.6b (up 13% from 1Q 2025). Net income: ₹87.4b (down 20% from 1Q 2025). Profit margin: 23% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 15
Coal India Limited to Report Q1, 2026 Results on Jul 31, 2025 Coal India Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Buy Or Sell Opportunity • Jul 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.1% to ₹384. The fair value is estimated to be ₹482, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period. Reported Earnings • May 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹57.37 (down from ₹60.69 in FY 2024). Revenue: ₹1.27t (down 6.1% from FY 2024). Net income: ₹353.6b (down 5.5% from FY 2024). Profit margin: 28% (in line with FY 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 21
Coal India Limited to Report Q4, 2025 Results on May 07, 2025 Coal India Limited announced that they will report Q4, 2025 results on May 07, 2025 Announcement • Mar 28
Coal India Limited Announces Appointment of Board Members, Effective 28 March 2025 Coal India Limited announced appointment of the following as non-official Independent Director on the Board of the company for a period of one year with effect from 28 March 2025 or until further orders: Shri Bhojarajan Rajesh Chander; Shri Punambhai Kalabhai Makwana; Shri Kamesh Kant Acharya; Smt. Mamta Palariya. Reported Earnings • Jan 28
Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2025 results: EPS: ₹13.80 (down from ₹14.72 in 3Q 2024). Revenue: ₹379.2b (up 15% from 3Q 2024). Net income: ₹85.1b (down 6.2% from 3Q 2024). Profit margin: 22% (down from 28% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 25
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Permanent Invitee Jaya Sinha is the most experienced director on the board, commencing their role in 2021. Non-Official Independent Director Ghanshyam Rathore was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 24
Coal India Limited Appoints Achyut Ghatak as Director (Technical) on the Board Coal India Limited has appointed Shri Achyut Ghatak as Director (Technical) on the Board of Coal India Limited (CIL) effective Jan. 23, 2025, the date of his assumption of charge of the post till the date of his superannuation i.e. Mar. 31, 2028 or until further orders, whichever is the earlier. Shri. Achyut Ghatak, Director(Tech) obtained his Degree in Mining Engineering in 1989 from Govt College of Engineering & Tech, Raipur & obtained his first class Mine Managers Certificate of Competency in 1993. He started his career as a Junior Executive Trainee in 1989 at Western Coalfields Limited, a wholly owned subsidiary of CIL and served there for 19 long years mostly in mechanized underground mines. After Aug, 2008, he served at CIL HQ Kolkata in the important departments of Project Monitoring & Corporate Planning. Shri. Ghatak played a key role in following areas: Use of MS-Project for first time in CIL for monitoring & implementation of coal mining projects; Preparing the roadmap for 1 Bt plan of CIL; Formulating & Implementing the underground vision plan of CIL. Formulation of vision 2047 of CIL & assisting preparation of MoC's vision 2047 document. Instrumental in starting NaCCER Phase I, the new R&D Center at CMPDIL. Key Person in formulation of CMPDIL @ 2047 In his official capacity, he has visited various countries and has vast experience in underground mining and operational planning which shall greatly benefit CIL. Prior to joining CIL as Director (Technical), Shri. Ghatak was working as Director (RD&T) in CMPDI. Announcement • Jan 15
Coal India Limited to Report Q3, 2025 Results on Jan 27, 2025 Coal India Limited announced that they will report Q3, 2025 results on Jan 27, 2025 Announcement • Jan 03
Coal India Limited Announces Cessation of M Nagaraju as Director Coal India Limited announced cessation of Shri M Nagaraju as director w.e.f 1 January 2025. Announcement • Jan 02
Coal India Limited Appoints Rupinder Brar as Part Time Official Director on the Board Coal India Limited announced appointment of Ms. Rupinder Brar, Additional Secretary, MOC as Part time Official Director on the Board of Coal India Limited (CIL) with immediate effect and until further order. Date of appointment is 1 January 2025. Term of appointment is with effect from 1 January 2025 and until further order. Ms Rupinder Brar is a 1990 batch officer of Indian Revenue Service (IRS). She holds a Masters degree in Public Administration from the Lee Kuan Yew School of Public Policy, National University Singapore and is an alumnus of the Hindu College, Delhi. Ms Brar has also completed her Law Degree from Mumbai University. Prior to her appointment in the Ministry of Coal (MoC), she has served as Chief Commissioner of Income Tax in Mumbai and Delhi. As Commissioner of Income Tax she has worked in Mumbai, handling Large Corporate Tax Assessments including issues of Cross Border Taxation. She has been Member of the Dispute Resolution Panel looking in to Transfer Pricing and International Tax issues. She has also served in Ministry of Tourism as ADG Tourism from July 2019 to June 2022 and was the nominated Government director on the Board of Indian Tourism Development Corporation Limited (ITDC) and its subsidiary Delhi Tourism and Transportation Development Corporation Limited from October 2019 to June 2022. Currently she is also the Nominated Authority for the Ministry of Coal, handling the Coal Block auctions. She holds directorship in Central Coalfields Limited as a Govt. nominee director. Announcement • Jan 01
Coal India Limited Announces Shri Sudhir Agarwal Relinquishes as Executive Director Coal India Limited announced Shri Sudhir Agrawal, on attaining the age of superannuation, relinquished the charge as Executive Director (Engineering and Equipment) of Coal India Limited with effect from January 01, 2025. This disclosure is pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015. Announcement • Dec 02
Coal India Limited Announces Additional Charge of the Post of Director (Technical), CIL to PM Prasad Coal India Limited has conveyed the approval of Competent Authority for extension of the additional charge of the post of Director (Technical), CIL to Shri PM Prasad, CMD, CIL for a further period of three (03) months with effect from December 01, 2024 or till the appointment of a regular incumbent or until further orders, whichever is the earliest. Upcoming Dividend • Oct 29
Upcoming dividend of ₹15.75 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 24 November 2024. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (2.6%). Reported Earnings • Oct 26
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹10.21 (down from ₹11.03 in 2Q 2024). Revenue: ₹321.8b (up 7.3% from 2Q 2024). Net income: ₹62.9b (down 7.5% from 2Q 2024). Profit margin: 20% (down from 23% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 26
Coal India Limited Declares First Interim Dividend for the Financial Year 2024-25, Payable on 24 November 2024 Coal India Limited at its board meeting held on October 25, 2024, has inter alia, declared Interim Dividend for the financial year 2024-25 at the rate of INR 15.75 per share on the face value of INR 10/- as recommended by the Audit Committee of CIL at its meeting held on date. The company has fixed 5th November 24 as the "Record Date" for the purpose of declaration of 1 Interim Dividend on equity shares for the Financial year 2024-25. The date of payment of "1 Interim Dividend" for Fiscal Year 2024-25 shall be by 24 Nov' 2024. Announcement • Oct 23
Coal India Limited Announces Resignation of Arun Kumar Oraon as an Independent Director and Member of Nomination & Remuneration Committee and Risk Management Committee Coal India Limited informed that Dr. Arun Kumar Oraon has tendered his resignation as an Independent Director of the Company with effect from close of business hours on 23 October 2024, citing personal reasons. Consequently, he also ceased to be a member of Nomination & Remuneration Committee and Risk Management Committee of the Company. Announcement • Oct 14
Coal India Limited to Report Q2, 2025 Results on Oct 25, 2024 Coal India Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Price Target Changed • Aug 07
Price target increased by 7.6% to ₹529 Up from ₹492, the current price target is an average from 24 analysts. New target price is 5.9% above last closing price of ₹500. Stock is up 117% over the past year. The company is forecast to post earnings per share of ₹58.20 for next year compared to ₹60.69 last year. Major Estimate Revision • Aug 07
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₹52.74 to ₹58.45. Revenue forecast steady at ₹1.49t. Net income forecast to shrink 3.3% next year vs 1.8% decline forecast for Oil and Gas industry in India. Consensus price target up from ₹487 to ₹524. Share price fell 3.8% to ₹500 over the past week. Announcement • Aug 03
Adani Reportedly Tops KSK Mahanadi Bidder List Adani Power Limited (NSEI:ADANIPOWER) has offered the highest bid of INR 270,000 million for (KSK Mahanadi Power Company Limited) KSK Mahanadi Power’s 1,800-megawatt plant that’s undergoing insolvency proceedings, people with knowledge of the matter told ET. The Adani offer already ensures a 92% recovery for the lenders. Banks had received a total of 10 financial bids for the thermal power company by August 1, 2024 evening. Other bidders include Capri Global Holdings Private Limited, Coal India Limited (NSEI:COALINDIA), NTPC Limited (NSEI:NTPC), Vedanta Limited (NSEI:VEDL), JSW Energy Limited (BSE:533148), Naveen Jindal-owned Jindal Steel & Power Limited (NSEI:JINDALSTEL), iLab India Special Fund, Rashmi Metaliks Limited and Sherisha Technologies Private Limited, said the people cited above. Declared Dividend • Jul 31
Dividend increased to ₹5.00 Dividend of ₹5.00 is 25% higher than last year. Ex-date: 16th August 2024 Payment date: 20th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (dividend approximately 12x free cash flows). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 29
Coal India Limited, Annual General Meeting, Aug 21, 2024 Coal India Limited, Annual General Meeting, Aug 21, 2024, at 11:00 Indian Standard Time. Reported Earnings • Jul 29
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹60.69 (up from ₹51.54 in FY 2023). Revenue: ₹1.35t (up 2.4% from FY 2023). Net income: ₹374.0b (up 18% from FY 2023). Profit margin: 28% (up from 24% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 27
Coal India Limited to Report Q4, 2025 Results on May 30, 2025 Coal India Limited announced that they will report Q4, 2025 results on May 30, 2025 Announcement • Jul 25
Coal India Limited to Report Q1, 2025 Results on Jul 31, 2024 Coal India Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Buy Or Sell Opportunity • Jul 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹512. The fair value is estimated to be ₹423, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 0.3% per annum over the same time period. Reported Earnings • May 02
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹60.69 (up from ₹45.70 in FY 2023). Revenue: ₹1.50t (up 8.7% from FY 2023). Net income: ₹374.0b (up 33% from FY 2023). Profit margin: 25% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 19
Coal India Limited to Report Q4, 2024 Final Results on May 02, 2024 Coal India Limited announced that they will report Q4, 2024 final results on May 02, 2024 Major Estimate Revision • Feb 19
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₹1.40t to ₹1.42t. EPS estimate increased from ₹44.15 to ₹50.37 per share. Net income forecast to grow 0.08% next year vs 22% decline forecast for Oil and Gas industry in India. Consensus price target up from ₹370 to ₹408. Share price rose 5.2% to ₹480 over the past week. Upcoming Dividend • Feb 16
Upcoming dividend of ₹5.25 per share Eligible shareholders must have bought the stock before 23 February 2024. Payment date: 13 March 2024. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (1.7%). Price Target Changed • Feb 14
Price target increased by 9.6% to ₹406 Up from ₹370, the current price target is an average from 20 analysts. New target price is 13% below last closing price of ₹466. Stock is up 119% over the past year. The company is forecast to post earnings per share of ₹50.37 for next year compared to ₹45.70 last year. Announcement • Feb 13
Coal India Limited Appoints Mukesh Agrawal as the CFO Coal India Limited at its board meeting held on Feb. 12, 2024, has appointed Shri Mukesh Agrawal, Director (Finance) as the CFO (CIL) vice Shri S.K Mehta, ED (Finance) effective Feb. 13, 2024. Shri Mukesh Agrawal is a Science Graduate from University of Allahabad and a Member of the Institute of Cost Accountants of India. He served as Executive Director in NLC India Limited, a Navratna Company, prior to joining Coal India Limited as Director (Finance). With an impressive track record spanning over three decades both in private and public sector such as ITI Limited, IRCON International Ltd, NLC India Limited etc, this seasoned professional boasts extensive post qualification experience in the dynamic landscape of the infrastructure sector. His expertise encompasses a diverse range of industries, including rubber, spinning, telecommunication, construction, power, lignite, and coal. Within the Finance domain, he has exhibited proficiency across multiple dimensions, such as Accounts, Treasury, Taxation, Costing, Budgeting, Inventory Management, Debtors & Fund Management, Digitization, Policy Formulation, System Improvement, IFC, etc. Notably, he has held the prestigious position of Chief Financial Officer (CFO) at NUPPL, a prominent subsidiary of NLC India Limited. He has made remarkable contribution in the areas of lignite, power pricing and Regulatory affairs. His wealth of knowledge and leadership in financial matters has significantly contributed to the success of organizations in the ever-evolving infrastructure sector. Reported Earnings • Feb 13
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹14.72 (up from ₹12.58 in 3Q 2023). Revenue: ₹383.6b (up 18% from 3Q 2023). Net income: ₹90.7b (up 17% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Coal India Limited Declares Second Interim Dividend for the Financial Year 2023-24, Payable on March 12, 2024 Coal India Limited announced that the Board of Directors at its meeting held on date has inter alia, declared second Interim Dividend for the financial year 2023-24 @ INR 5.25 per equity share on the face value of INR 10 as recommended by the Audit Committee of CIL at its meeting held on date. As already intimated to stock Exchanges vide letter no CIL:XI(D):4157/4156:2024 dated January 29, 2024, the company has fixed 20th February 2024 as the "Record Date" for the purpose of declaration of second Interim Dividend on equity shares for the Financial year 2023-24. The date of payment of second Interim Dividend" for Fiscal Year 2023-24 shall be by 12th March 2024. Announcement • Feb 08
Coal India Limited Appoints Shri Mukesh Agrawal as Director (Finance) on the Board Coal India Limited announced the appointment of Shri Mukesh Agrawal as Director (Finance) on the Board for a period of 5 years. Date of Appointment is February 8, 2024. Shri Mukesh Agrawal is a Science Graduate from Universityof Allahabad and a Member of the Institute of Cost Accountants of India. He served as Executive Director in NLC India Limited, a Navratna Company, prior to joining Coal India Limited as Director (Finance). With an impressive track record spanning over three decades both in private and public sector such as ITI Limited, IRCON International Ltd, NLC India Limited etc, this seasoned professional boasts extensive post qualification experience in the dynamic landscape of the infrastructure sector. His expertise encompasses a diverse range of industries, including rubber, spinning, telecommunication, construction, power, lignite, and coal. Within the Finance domain, he has exhibited proficiency across multiple dimensions, such as Accounts, Treasury, Taxation, Costing, Budgeting, Inventory Management, Debtors & Fund Management, Digitization, Policy Formulation, System Improvement, IFC, etc. Notably, he has held the prestigious position of Chief Financial Officer (CFO) at NUPPL, a prominent subsidiary of NLC India Limited. He has made remarkable contribution in the areas of lignite, power pricing and Regulatory affairs. His wealth of knowledge and leadership in financial matters has significantly contributed to the success of organizations. Announcement • Jan 29
Coal India Limited to Report Q3, 2024 Results on Feb 12, 2024 Coal India Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Major Estimate Revision • Nov 17
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₹1.39t to ₹1.41t. EPS estimate increased from ₹39.03 to ₹44.07 per share. Net income forecast to shrink 9.8% next year vs 24% decline forecast for Oil and Gas industry in India. Consensus price target up from ₹300 to ₹326. Share price rose 6.9% to ₹346 over the past week. Reported Earnings • Nov 15
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: ₹11.03 (up from ₹9.81 in 2Q 2023). Revenue: ₹299.8b (up 8.9% from 2Q 2023). Net income: ₹68.0b (up 13% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 14
Upcoming dividend of ₹15.25 per share at 6.9% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 10 December 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (2.1%). Major Estimate Revision • Nov 13
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₹1.39t to ₹1.43t. EPS estimate increased from ₹39.03 to ₹50.45 per share. Net income forecast to grow 2.9% next year vs 24% decline forecast for Oil and Gas industry in India. Consensus price target up from ₹290 to ₹303. Share price rose 6.3% to ₹332 over the past week. Announcement • Nov 11
Coal India Limited Approves Payment of First Interim Dividend for the Financial Year 2023-24, Payable on December 9, 2023 The Board of Directors of Coal India Limited at its meeting held on November 10, 2023 declared 1st Interim Dividend for the financial year 2023-24 @ INR 15.25 per share on the face value of INR 10 as recommended by the Audit Committee of CIL at its meeting held on date. As already intimated to stock Exchanges vide letter no CIL:XI(D):4157/4156:2023 dated 18.10.2023, the company has fixed 21st November 2023 as the "Record Date" for the purpose of declaration of 1st Interim Dividend on equity shares for the Financial year 2023-24. The date of payment of 1st Interim Dividend for Fiscal Year 2023-24 shall be by 9th December 2023. Announcement • Oct 19
Coal India Limited to Report Q2, 2024 Results on Nov 10, 2023 Coal India Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Price Target Changed • Oct 17
Price target increased by 7.3% to ₹297 Up from ₹277, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ₹308. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₹38.71 for next year compared to ₹45.70 last year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹274, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in India. Total returns to shareholders of 199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹227 per share. Announcement • Aug 26
Coal India Limited Declares Final Dividend for the Financial Year 2023 Coal India Limited confirmed the first and second interim dividend paid @ INR 15 per share (150%) and INR 5.25 per share (52.50) respectively on equity shares for the financial year 2022-23 and to declared final dividend @ INR 4 per share (40%) on equity shares for the financial year 2022-23, at the AGM held on August 23, 2023. Upcoming Dividend • Aug 11
Upcoming dividend of ₹4.00 per share at 10% yield Eligible shareholders must have bought the stock before 18 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 02
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹45.70 (up from ₹28.17 in FY 2022). Revenue: ₹1.38t (up 26% from FY 2022). Net income: ₹281.7b (up 62% from FY 2022). Profit margin: 20% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 01
Coal India Limited, Annual General Meeting, Aug 23, 2023 Coal India Limited, Annual General Meeting, Aug 23, 2023, at 11:00 Indian Standard Time. Agenda: To consider the Standalone Audited Financial Statements of the Company for the financial year ended March 31, 2023 including the Audited Balance Sheet as on March 31, 2023 and the Statement of Profit & Loss for the year ended on that date and the Reports of the Board of Directors, Statutory Auditor and Comptroller and Auditor General of India thereon; to consider the Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2023 including the Audited Balance Sheet as on March 31, 2023 and the Statement of Profit & Loss for the year ended on that date and the Reports of Statutory Auditor and Comptroller and Auditor General of India thereon; to consider directorate reelections; and to consider other matters.