Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 88989.80 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 expects profitability to recover in FY22E (+24% YoY). Capex run-rate is likely to increase in the near term, but higher dispatches and some normalization in receivables should aid cash generation and maintain dividends (dividend yield: 12%)
Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of June 30, 2021, while FIIs held 6.6 per cent, DIIs 21.6 per cent and public and others 5.7 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.
