Related
ICICI Securities has buy call on with a target price of Rs 234. The current market price of Coal India Ltd. is Rs 143.6. Time period given by analyst is one year when Coal India price can reach defined target.
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 87634.00 Crore) operating in Mining sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 25963.12 Crore, down -7.19 % from last quarter Total Income of Rs 27974.12 Crore and up 34.72 % from last year same quarter Total Income of Rs 19271.83 Crore. Company reported net profit after tax of Rs 3175.22 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating, our DCF-based target price of Rs234, and offtake volume estimates for FY22E/FY23E at 625mnte/655mnte respectively. The stock is currently trading at 4.7x P/E and 2.4x EV/EBITDA on FY23E basis with 39.7% RoE. It expects dividend payout to be high, leading to 14% dividend yield at current prices, as incremental capex in diversified segments is expected to be funded primarily by debt.
Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of June 30, 2020, while FIIs held 6.6 per cent, DIIs 21.5 per cent and public and others 5.8 per cent.
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 87634.00 Crore) operating in Mining sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 25963.12 Crore, down -7.19 % from last quarter Total Income of Rs 27974.12 Crore and up 34.72 % from last year same quarter Total Income of Rs 19271.83 Crore. Company reported net profit after tax of Rs 3175.22 Crore in latest quarter.
Did you Know?
Stock score of Coal India Ltd moved down by 3 in 3 months on a 10-point scale.
View Latest Stock Report »Investment Rationale
The brokerage maintains BUY rating, our DCF-based target price of Rs234, and offtake volume estimates for FY22E/FY23E at 625mnte/655mnte respectively. The stock is currently trading at 4.7x P/E and 2.4x EV/EBITDA on FY23E basis with 39.7% RoE. It expects dividend payout to be high, leading to 14% dividend yield at current prices, as incremental capex in diversified segments is expected to be funded primarily by debt.
Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of June 30, 2020, while FIIs held 6.6 per cent, DIIs 21.5 per cent and public and others 5.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
