AgenciesRelated
Centrum Broking has buy call on Coal India with a target price of Rs 252. The current market price of Coal India is Rs 194.8. Time period given by analyst is one year when Coal India Ltd. price can reach defined target.
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 119618.56 Crore) operating in Mining sector.
Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 29086.35 Crore, up 20.83 % from last quarter Total Income of Rs 24072.83 Crore and up 19.53 % from last year same quarter Total Income of Rs 24334.62 Crore. Company reported net profit after tax of Rs 4559.74 Crore in latest quarter.
Investment Rationale
The brokerage expects EBITDA ex OBR adj to increase by 15.6% YoY to ~Rs92bn on account of higher volume and realisation. Sales volumes increased by 9.3% QoQ to 180mt. The blended realisation is expected to increase by 7.2% YoY at Rs1,594/t with FSA realisation flat YoY at Rs1,392/t while E-Auction prices to increase by 33.4% at Rs2,337/t. E-auction volumes is expected to rise by 7.9% YoY to 28mt. Overall, the brokerage expects EBITDA/t of Rs511/t, up 5.7% YoY.
Promoter/FII Holdings
Promoters held 66.13 per cent stake in the company as of 31-Dec-2021, while FIIs owned 6.59 per cent, DIIs 21.25 per cent.
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 119618.56 Crore) operating in Mining sector.
Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 29086.35 Crore, up 20.83 % from last quarter Total Income of Rs 24072.83 Crore and up 19.53 % from last year same quarter Total Income of Rs 24334.62 Crore. Company reported net profit after tax of Rs 4559.74 Crore in latest quarter.
Investment Rationale
The brokerage expects EBITDA ex OBR adj to increase by 15.6% YoY to ~Rs92bn on account of higher volume and realisation. Sales volumes increased by 9.3% QoQ to 180mt. The blended realisation is expected to increase by 7.2% YoY at Rs1,594/t with FSA realisation flat YoY at Rs1,392/t while E-Auction prices to increase by 33.4% at Rs2,337/t. E-auction volumes is expected to rise by 7.9% YoY to 28mt. Overall, the brokerage expects EBITDA/t of Rs511/t, up 5.7% YoY.
Promoter/FII Holdings
Promoters held 66.13 per cent stake in the company as of 31-Dec-2021, while FIIs owned 6.59 per cent, DIIs 21.25 per cent.
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