As of March 2nd, 2024, Coal India Limited operates as a PSU owned by the Central Government of India with a market capitalization of ₹2,76,706 crore, ranking as India’s 29th most valuable company. Coal India is currently trading at Rs. 449 with a PE ratio of 9.44.
The performance of Coal India’s share price, the biggest coal mining firm in the world, has recently made headlines. Investors are curious to know the target price for Coal India’s shares from 2024 to 2030.
In the upcoming years, it is anticipated that Coal India’s stock will perform well due to the rising demand for coal brought on by the expansion of industries. But the real query is: Is Coal India a worthwhile stock to purchase today?
About Coal India
Coal India Limited, headquartered in Kolkata, is the largest government-owned coal producer globally and the seventh largest employer in India with around 272,000 employees. It contributes about 82% to India’s total coal production and achieved a record production of 554.14 million tonnes of raw coal in 2016-17, generating revenues of ₹95,435 crore (US$12 billion) in the same financial year.
In April 2011, it was granted the Maharatna status by the Government of India, making it one of the seven companies with that distinction.
Stock History of Coal India
Coal India Ltd, the government-owned mining firm, debuted on November 4, 2010 on public exchanges. Coal India’s initial public offering (IPO), which raised about Rs 15,000 crore ($2.5 billion), was one of the biggest in India. The IPO was well received by investors and was 15 times oversubscribed.
Coal India’s stock price fluctuated throughout time and had various ups and downs. Currently, Coal India’s share price is trading at Rs. 234 as of 2nd August 2023.
The history of Coal India’s stock has been uneven overall. Although the business has experienced numerous difficulties throughout the years, it has managed to stay afloat and deliver consistent returns to investors. With the increasing demand for coal, the company’s stock is expected to perform well in the coming years.
Coal India Q3 2023-24 Results Summary
- Consolidated net profit surged by 17.8% YoY to Rs 9,093.69 crore.
- Revenue from operations rose by 2.8% to Rs 36,153.97 crore.
- Consolidated sales increased by 4.4% to Rs 38,357.23 crore.
- Board declared a second interim dividend for FY 2023-24 at Rs 5.25 per share, payable on March 12.
- EBITDA grew by 13% to Rs 13,576.35 crore, with an EBITDA margin of 35.4%.
- Raw coal production reached 198.994 million tonnes, up from 180.064 million tonnes.
- Offtake of raw coal stood at 191.195 million tonnes against 175.789 million tonnes.
You can buy Coal India shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 484.92 | 421.67 |
| April 2024 | 470.80 | 409.39 |
| May 2024 | 463.84 | 403.34 |
| June 2024 | 480.54 | 417.86 |
| July 2024 | 475.73 | 413.68 |
| August 2024 | 494.76 | 430.23 |
| September 2024 | 514.55 | 447.44 |
| October 2024 | 504.46 | 438.66 |
| November 2024 | 519.60 | 451.82 |
| December 2024 | 532.59 | 463.12 |
In March 2024, Coal India’s stock price ranged from a maximum of ₹484.92 to a minimum of ₹421.67, showcasing fluctuations throughout the year. Predictions suggest a potential rise in the coming months, with December 2024 projecting a maximum of ₹532.59.
With a current price of ₹449 as of March 2nd, 2024, Coal India’s market cap stands at ₹2,76,706 Cr. The stock’s P/E ratio is 9.44, with a book value of ₹113 and a dividend yield of 5.41%. Its high and low values are ₹488 and ₹208, respectively
| When | Maximum Price | Minimum Price |
| January 2025 | 543.24 | 417.87 |
| February 2025 | 557.17 | 428.59 |
| March 2025 | 578.90 | 445.30 |
| April 2025 | 567.55 | 436.57 |
| May 2025 | 551.01 | 423.86 |
| June 2025 | 575.81 | 442.93 |
| July 2025 | 564.52 | 434.25 |
| August 2025 | 581.98 | 447.68 |
| September 2025 | 602.35 | 463.34 |
| October 2025 | 618.01 | 475.39 |
| November 2025 | 633.46 | 487.28 |
| December 2025 | 649.30 | 499.46 |
In 2025, Coal India’s stock price is projected to climb steadily, reaching a maximum of ₹649.30 in December. With consistent upward trends, investors may anticipate favorable returns throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 668.78 | 514.44 |
| February 2026 | 685.92 | 527.63 |
| March 2026 | 712.67 | 548.21 |
| April 2026 | 698.70 | 537.46 |
| May 2026 | 678.35 | 521.81 |
| June 2026 | 708.88 | 545.29 |
| July 2026 | 694.98 | 534.60 |
| August 2026 | 716.47 | 551.13 |
| September 2026 | 741.55 | 570.42 |
| October 2026 | 760.83 | 585.25 |
| November 2026 | 779.85 | 599.88 |
| December 2026 | 799.34 | 614.88 |
In 2026, Coal India’s stock price is expected to continue its upward trajectory, reaching a maximum of ₹799.34 by December.
| When | Maximum Price | Minimum Price |
| January 2027 | 815.33 | 627.18 |
| February 2027 | 836.24 | 643.26 |
| March 2027 | 868.85 | 668.35 |
| April 2027 | 851.81 | 655.24 |
| May 2027 | 827.00 | 636.16 |
| June 2027 | 864.22 | 664.78 |
| July 2027 | 847.27 | 651.75 |
| August 2027 | 873.48 | 671.91 |
| September 2027 | 904.05 | 695.42 |
| October 2027 | 927.55 | 713.50 |
| November 2027 | 950.74 | 731.34 |
| December 2027 | 974.51 | 749.62 |
| When | Maximum Price | Minimum Price |
| January 2028 | 994.00 | 764.62 |
| February 2028 | 1,019.49 | 784.22 |
| March 2028 | 1,059.25 | 814.81 |
| April 2028 | 1,038.48 | 798.83 |
| May 2028 | 1,008.23 | 775.56 |
| June 2028 | 1,053.60 | 810.46 |
| July 2028 | 1,032.94 | 794.57 |
| August 2028 | 1,064.89 | 819.15 |
| September 2028 | 1,102.16 | 847.82 |
| October 2028 | 1,130.82 | 869.86 |
| November 2028 | 1,159.09 | 891.61 |
| December 2028 | 1,188.07 | 913.90 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,211.83 | 932.17 |
| February 2029 | 1,242.90 | 956.08 |
| March 2029 | 1,291.37 | 993.36 |
| April 2029 | 1,266.05 | 973.89 |
| May 2029 | 1,229.18 | 945.52 |
| June 2029 | 1,284.49 | 988.07 |
| July 2029 | 1,259.30 | 968.69 |
| August 2029 | 1,298.25 | 998.65 |
| September 2029 | 1,343.69 | 1,033.61 |
| October 2029 | 1,378.63 | 1,060.48 |
| November 2029 | 1,413.09 | 1,086.99 |
| December 2029 | 1,448.42 | 1,114.17 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,477.39 | 1,136.45 |
| February 2030 | 1,515.27 | 1,165.59 |
| March 2030 | 1,574.36 | 1,211.05 |
| April 2030 | 1,543.49 | 1,187.30 |
| May 2030 | 1,498.54 | 1,152.72 |
| June 2030 | 1,565.97 | 1,204.59 |
| July 2030 | 1,535.27 | 1,180.97 |
| August 2030 | 1,582.75 | 1,217.50 |
| September 2030 | 1,638.15 | 1,260.11 |
| October 2030 | 1,680.74 | 1,292.88 |
| November 2030 | 1,722.76 | 1,325.20 |
| December 2030 | 1,765.82 | 1,358.33 |
Coal India’s Financial Condition of Coal India: Last 5 years
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Sales | 99,586 | 96,080 | 90,026 | 109,715 | 138,252 |
| Expenses | 74,579 | 74,500 | 71,398 | 84,995 | 101,442 |
| Operating Profit | 25,007 | 21,581 | 18,628 | 24,721 | 36,810 |
| Operating Profit Margin (%) |
25% | 22% | 21% | 23% | 27% |
| Other Income | 5,834 | 6,444 | 3,742 | 3,866 | 6,551 |
| Interest | 264 | 503 | 642 | 541 | 684 |
| Depreciation | 3,450 | 3,451 | 3,718 | 4,429 | 4,675 |
| Profit before tax | 27,127 | 24,071 | 18,009 | 23,616 | 38,001 |
| Tax % | 36% | 31% | 29% | 26% | 26% |
| Net Profit | 17,464 | 16,700 | 12,702 | 17,378 | 28,125 |
| EPS (in Rs) | 28.34 | 27.12 | 20.61 | 28.17 | 45.70 |
| Dividend Payout (%) |
46% | 44% | 78% | 60% | 53% |
Coal India, a leading player in the coal mining industry, has witnessed tremendous growth in terms of revenue and profit in the last five years. Coal India’s operating profit margin (OPM) has also been more than 20%, which is amazing.
The net profit witnessed significant growth in the last five years, with a minimum of ₹25,007 crore in FY19 to a maximum of ₹36,810 crore in FY23. The company’s earnings per share (EPS) also displayed similar trends, reaching 45.7 in May 2023, which is approximately 85% year-on-year growth.
The price-to-earnings (P/E) ratio of the company has been volatile, ranging from 6.75 in May 2022 to 5.14 as of August 2nd, 2023. Coal India’s dividend payout ratio has been around 50%, the latest being 53% in 2023.
Overall, Coal India has shown a mixed performance in terms of profit and loss in the last five years, with fluctuating PAT and EPS. However, the consistent OPM indicates that the company has been able to maintain its operational efficiency, while the volatile P/E ratio suggests that the market sentiment towards the company has been bearish in recent times.
Motilal Oswal recommends buying Coal India with a target price of Rs 520. (As of February, 2024)
FAQS
Coal India’s share price is expected to reach a maximum of ₹532.59 by the end of 2024.
Can Coal India reach 500 INR in 2024?
According to our analysis, Coal India can reach 500 INR in 2024.
The share price target of Coal India for 2025 might be around ₹649.30.
The per-share price of Coal India might reach around ₹1,765.82 by the end of 2030.
Also read:
- Prestige Estates Share Price Target 2024, 2025 to 2030: Can PRESTIGE touch 1000 INR?
- Brightcom Group Share Price Target 2024 to 2030: Can (NSE: BCG) touch 100 INR by 2030?
- Tata Elxsi Share Price Target 2024 to 2030: Can it touch 15,000 INR by 2025?
Conclusion: Should you buy Coal India in 2024?
According to our analysis of the last five years’ income growth, PAT, revenue growth, and profit growth, Coal India shares appear to be a strong long-term investment opportunity.
The business has consistently increased its sales and profits, and it has also maintained a steady net profit margin over time. The corporation has also established challenging goals for raising coal production in the upcoming years, which may lead to more revenue and profit growth.
For investors looking for consistent income, the dividend yield of 5.41% is very appealing. The shares are inexpensive (undervalued) if we look at the PE ratio of 9.44 (March, 24), suggesting the possibility of future capital growth. The company saw a sales growth of 13% on average and profit growth of 19% in the last 3 years.
What did we learn?
- 1 About Coal India
- 2 Stock History of Coal India
- 3 Coal India Q3 2023-24 Results Summary
- 4 How to buy Coal India (NSE: COALINDIA) shares?
- 5 Share Price Prediction of Coal India: 2024 to 2030
- 6 Coal India’s Financial Condition of Coal India: Last 5 years
- 7 Coal India share price target by Motilal Oswal
- 8 FAQS
- 9 Conclusion: Should you buy Coal India in 2024?
