Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 97278.67 Crore) operating in Mining sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 27974.12 Crore, up 14.96 % from last quarter Total Income of Rs 24334.62 Crore and down -5.11 % from last year same quarter Total Income of Rs 29481.41 Crore. Company reported net profit after tax of Rs 4591.81 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating and DCF-based target price of Rs234, with offtake estimates at 630mnte/660mnte for FY22E/FY23E, respectively. The stock is currently trading at 5.5x P/E and 3x EV/EBITDA on FY23E basis with 39% RoE.
Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of March 31, 2021, while FIIs held 6.5 per cent, DIIs 21.8 per cent and public and others 5.6 per cent.
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