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 92779.87 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 30-09-2021, the company reported a Consolidated Total Income of Rs 24072.83 Crore, down -7.28 % from last quarter Total Income of Rs 25963.12 Crore and up 8.25 % from last year same quarter Total Income of Rs 22237.82 Crore. Company reported net profit after tax of Rs 2937.80 Crore in latest quarter.
Investment Rationale
Coal India (COAL IN) reported better-than-expected EBITDA ex OBR at Rs40.1bn, up 18% YoY. The beat is primarily due to lower than expected employee cost at Rs95.4bn , though up 4.7% YoY. Higher e-auction prices will start reflecting from Q3FY22 onwards.
Promoter/FII Holdings
Promoters held 66.13 per cent stake in the company as of 30-Sep-2021, while FIIs owned 6.74 per cent, DIIs 22.0 per cent.
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