Coal India (COALINDIA) had a P/E of 7.4× on 6 Nov 2026, below the industry P/E of 10.5×, and the shares are 19% below their 52-week high. It earns ROCE of 20% and ROE of 28%, and sales grew 9.3% a year over 3 years while net profit fell 0.7%. Its dividend yield is 10%, and debt is 0.12× equity. It is a large-cap company with a market cap of ₹2.5 lakh crore, ranked 2nd of 10 Thermal Coal companies by market cap; the shares rose 4.4% over the past year.
- ₹396.50
- ₹400.00
- ₹392.00
- ₹394.30
- 50.4 L
Health check
- ReturnsAhead
+4.4% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 7.4 vs industry 10.5.
- GrowthSteady
Sales +9.3%, profit −0.7% a year over 3 years.
- ProfitabilityAverage
ROCE 19.6% vs peer median 15.5%.
- Balance sheetFair
Debt 0.12× equity, interest covered 49.9×, Piotroski 5 of 9.
- Red flags1 to check
Promoter stake down from 63.1% to 61.1%.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹2.5L Cr
- Large cap
- P/E
- 7.4
- Industry 10.5
- Price to book
- 1.93
- Peers 2.08
- Dividend yield
- 10.25%
- ROE
- 28.3%
- Peers 10.0%
- ROCE
- 19.6%
- Peers 15.5%
- Debt to equity
- 0.12
- Debt ₹15,668 Cr
- EPS (TTM)
- ₹54.14
- Face value ₹10
- OPM (TTM)
- 19.5%
- Net margin 18.6%
- Sales growth
- +20.9%
- Latest quarter vs a year ago
- Profit growth
- +53.0%
- Latest quarter vs a year ago
- Price to sales
- 1.37
- EV/EBITDA 4.5
Strengths and risks
Strengths
- Return on equity of 28.3%.
- Dividend yield of 10.25%.
- Quarterly profit up 53.0% on a year ago.
- Quarterly sales up 20.9% on a year ago.
- P/E of 7.4 against an industry P/E of 10.5.
Risks to check
- Promoter stake down from 63.1% to 61.1%.
About Coal India
Coal India Limited, together with its subsidiaries, produces and sells coal and coal products in India. The company offers coking coal for steel making and metallurgical industries, as well as for hard coke manufacturing; semi coking coal for blend-able coal in steel making, merchant coke manufacturing, and other metallurgical industries; and non-coking coal for cement, fertilizer, glass, ceramic, paper, chemical, and brick manufacturing, as well as power…
- Headquarters
- Kolkata
- Employees
- 2,12,066
- Sector
- Energy
- ISIN
- INE522F01014
- Website
- coalindia.in
Price range
- Avg volume (3M)
- 83.7 L
- 1-year return
- plus 4.4%
- From 52-week high
- minus 18.6%
Analyst consensus
Peers · Thermal Coal
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENTAdani Enterprises | 2,745.80 | plus 0.46% | 3,71,705 | 58.5 | 32.1 | 9.8% | 6.6% | 1.14 | −7.7% | plus 13.0% |
| COALINDIACoal India | 400.00 | plus 1.45% | 2,46,509 | 7.4 | 4.8 | 19.6% | 19.5% | 0.12 | 9.3% | plus 4.4% |
| GMDCLTDGujarat Mineral Development Corporation | 463.70 | minus 1.21% | 14,746 | 22.3 | 27.2 | 15.5% | 14.0% | 0.05 | −8.8% | minus 20.2% |
| GMRP&UIGMR Power and Urban Infra | 92.21 | minus 0.99% | 7,202 | – | 11.0 | 18.1% | 23.0% | 5.60 | 11.4% | minus 24.2% |
| CMLLCaliber Mining and Logistics | 520.15 | minus 1.98% | 3,401 | 22.7 | 10.0 | 19.8% | 9.9% | 1.73 | 36.8% | minus 1.5% |
| REFEXRefex Industries | 226.25 | minus 2.17% | 3,105 | 10.5 | 7.3 | – | 14.0% | 0.18 | 12.0% | minus 38.2% |
| ANMOLAnmol India | 10.97 | minus 1.17% | 62 | 5.4 | 7.3 | 10.6% | 1.5% | 1.66 | 0.1% | minus 30.9% |
| CHANDRAPChandra Prabhu International | 10.53 | plus 0.48% | 29 | 3.1 | – | – | 1.8% | 0.58 | – | minus 12.3% |
| Median of 7 peers | – | −1.17% | 3,401 | 16.4 | 10.5 | 15.5% | 9.9% | 1.14 | 5.8% | −20.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 36,553 | 30,818 | 46,490 | 46,255 | 44,179 | |
| 32,624 | 23,705 | 36,764 | 36,489 | 38,059 | |
| 3,929 | 7,113 | 9,727 | 9,766 | 6,119 | |
| 10.7% | 23.1% | 20.9% | 21.1% | 13.9% | |
| 2,063 | 2,680 | 5,244 | 2,281 | 2,948 | |
| – | 321 | 344 | 327 | 339 | |
| 5,992 | 9,473 | 14,627 | 11,719 | 8,728 | |
| 30.5% | 24.4% | 25.4% | 24.5% | 25.0% | |
| 4,259 | 7,157 | 10,839 | 8,852 | 6,516 | |
| 6.91 | 11.61 | 17.59 | 14.36 | 10.57 |
Profit & loss
- Sales CAGR 3Y
- +9.3%
- Profit CAGR 3Y
- −0.7%
- EPS CAGR 3Y
- −0.7%
- ROE
- 28.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,27,429 | 1,27,074 | 1,66,296 | 1,66,417 | |
| – | minus 0.3% | +30.9% | +0.1% | |
| 82,886 | 78,989 | 1,17,554 | 1,24,608 | |
| 44,543 | 48,086 | 48,742 | 41,810 | |
| 35.0% | 37.8% | 29.3% | 25.1% | |
| 6,015 | 7,854 | 8,066 | 10,875 | |
| 546 | 735 | 658 | 858 | |
| 6,867 | 6,744 | 9,107 | 10,149 | |
| 130 | 353 | 121 | 246 | |
| 43,275 | 48,813 | 47,163 | 41,923 | |
| 26.7% | 23.4% | 24.8% | 25.9% | |
| 31,763 | 37,402 | 35,506 | 31,094 | |
| – | +17.8% | minus 5.1% | minus 12.4% | |
| 51.54 | 60.69 | 57.61 | 50.46 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6,163 | 6,163 | 6,163 | 6,163 | |
| 54,680 | 79,035 | 95,558 | 1,12,939 | |
| 4,331 | 6,523 | 9,146 | 14,072 | |
| 1,57,256 | 1,45,158 | 1,48,530 | 1,52,487 | |
| 2,22,431 | 2,36,878 | 2,59,396 | 2,85,660 | |
| 82,572 | 86,945 | 1,05,121 | 1,10,305 | |
| 20,754 | 14,739 | 25,703 | 26,028 | |
| 15,751 | 21,870 | 19,668 | 22,704 | |
| 43,111 | 36,185 | 39,866 | 60,149 | |
| 60,242 | 77,139 | 69,037 | 66,474 | |
| 2,22,431 | 2,36,878 | 2,59,396 | 2,85,660 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 35,734 | 18,103 | 30,237 | 43,215 | |
| −23,465 | −4,486 | −11,114 | −33,955 | |
| −13,704 | −13,899 | −13,309 | −11,801 | |
| −1,436 | −282 | 5,815 | −2,541 | |
| −15,318 | −16,821 | −14,332 | −12,500 | |
| 20,416 | 1,282 | 15,905 | 30,715 | |
| −14,328 | −15,098 | −16,239 | −16,197 |
Shareholding pattern
- Promoters61.13%
- Public38.87%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 61.13% | 38.87% | 0.00 | |
| 30 Jun 2026 | 61.13% | 38.87% | minus 2.00 | |
| 31 Mar 2026 | 63.13% | 36.87% | 0.00 | |
| 31 Dec 2025 | 63.13% | 36.87% | 0.00 | |
| 30 Sep 2025 | 63.13% | 36.87% | – |
Major shareholders
Filings & events
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