Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 93765.91 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
At 3.2x FY22E EV/EBITDA and 6x FY22E P/E, COAL remains attractively valued and implies a PV of just 10 years of future cash flows. The brokerage maintains Buy rating on COAL with a TP of INR185/share, based on 4x FY22E EV/EBITDA.
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 21.9 per cent and public and others 5.5 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.
