Coal India Ltd. share price target

Muted Quarterly Performance; Maintain BUY on Improved Outlook In line with our estimate, Coal India (CIL) has delivered a muted performance in 1QFY18 with its net profit declining by 23.3% YoY to Rs23.5bn. Further, its EBITDA fell by 17.8% YoY to Rs35.2bn primarily due to higher provisioning towards pending wage negotiations and weak Fuel Supply Agreement (FSA) realisations due to grade slippages. On a positive note, its consolidated revenue increased by 4.3% YoY to Rs205bn driven by 3.1% YoY rise in coal off-take, while average realisation remained flat on YoY comparison. Looking ahead, we expect CIL's RoE & RoCE to improve on the back of higher realisation, improvement in margins and...

Revenue fell by 17.93% to Rs. 18404.32 Cr in Q1FY18 when compared to the previous quarter Revenue fell by 17.93% to Rs. 18404.32 Cr in Q1FY18 when compared to the previous quarter

During the first four months of FY18 (April-July 2017), coal sales volumes registered growth of 4.1% YoY to 181.7 MT. Going forward, we expect the traction in sales volume to pick up. We expect sales volumes to grow...

State-owned Coal India Ltd.'s net profit declined for the fifth straight quarter, missing market estimates, on account of higher employee costs. Coal India (CIL) has posted 23% drop in consolidated net profit at Rs 2351.21 crore in spite of...

ff Higher Employee Cost Drags Operating Margins: CIL's EBITDA declined by 39.2% YoY to Rs33.8bn primarily due to 17.7% YoY rise in employee cost and a one-time provisioning of Rs8bn towards grade slippage claims in FY17. Thus, EBITDA margins declined 1,070bps YoY to 13.6% on the back of 34.7% rise in other expenses. Notably, higher e-auction volume was offset by lower-than-expected e-auction realisation. However, cost per tonne increased by...

Coal India guides capex to the tune of | 15000 crore for FY18E Coal India has guided for a capex of | 15000 crore for FY18 (wherein | 8500 crore would be spent on conventional coal expansion initiatives while balance | 6500 crore would be towards new initiatives. Among new initiatives, the company is setting up a solar power plant with aggregate capacity of 1500 MW at a capex of | 4600 MW (In MP, Odisha, Chhattisgarh) (of this 200 MW is already completed). Also, | 400 crore is likely to be spent on Mahanadi coal field (2 x 800 MW thermal coal power...

Revenue grew by 13.5% to Rs. 23171.58 Cr in Q4FY17 when compared to the previous quarter.

has the world's largest coal reserve & is the largest producer. It controls ~80% of the Indian coal market.. The Co. is going to be the primary beneficiary of the structural deficit of coal in India. Moreover, it is one of the least cost producers of coal globally.. Its product portfolio consists largely of thermal coal (~97%) while the balance is coking coal. The...

Revenue increased by 25.95% to Rs. 19704.45 Cr in Q3FY17 when compared to the previous quarter. Also, it rose by 3.86% when compared with Q3FY16.

ICICI Securities Ltd | Retail Equity Research Coal India (CIL) reported broadly in line performance for Q3FY17 numbers. The performance was marked by a healthy increase in eauction realisation. Topline for the quarter was in line with our...