|
20 Sep 2025 |
Coal India
|
Consensus Share Price Target
|
394.50 |
411.65 |
- |
4.35 |
buy
|
|
|
|
|
08 May 2023
|
Coal India
|
ICICI Securities Limited
|
394.50
|
255.00
|
232.85
(69.42%)
|
Target met |
Accumulate
|
|
|
Coal India’s (CIL) Q4FY23 performance (adj. for wage provisioning) was slightly higher than consensus estimates. Key points: 1) Wage provisioning at Rs58.7bn was higher than street estimates of Rs25-30bn; 2) e-auction volume at 16.4mnte (down 41% YoY) was lower than our estimate of 20mnte.
|
|
08 May 2023
|
Coal India
|
Sharekhan
|
394.50
|
270.00
|
236.15
(67.05%)
|
Target met |
Buy
|
|
|
|
|
08 May 2023
|
Coal India
|
SMC online
|
394.50
|
|
232.85
(69.42%)
|
|
Results Update
|
|
|
|
|
07 May 2023
|
Coal India
|
Motilal Oswal
|
394.50
|
285.00
|
237.40
(66.18%)
|
Target met |
Buy
|
|
|
|
|
02 May 2023
|
Coal India
|
ICICI Securities Limited
|
394.50
|
255.00
|
236.10
(67.09%)
|
Target met |
Accumulate
|
|
|
We reinitiate coverage on Coal India (CIL) with a target price of Rs255 and an ADD rating. Key points: 1) incrementally higher production from profitable subsidiaries is likely to be margin-accretive; 2) progress underway for augmenting evacuation infrastructure to cater to incremental production.
|
|
10 Apr 2023
|
Coal India
|
ICICI Direct
|
394.50
|
260.00
|
222.05
(77.66%)
|
Target met |
Buy
|
|
|
|
|
24 Mar 2023
|
Coal India
|
Motilal Oswal
|
394.50
|
275.00
|
208.45
(89.25%)
|
Target met |
Buy
|
|
|
|
|
03 Feb 2023
|
Coal India
|
SMC online
|
394.50
|
|
218.90
(80.22%)
|
|
Results Update
|
|
|
|
|
02 Feb 2023
|
Coal India
|
ICICI Direct
|
394.50
|
250.00
|
217.65
(81.25%)
|
Target met |
Hold
|
|
|
|
|
01 Feb 2023
|
Coal India
|
ICICI Securities Limited
|
394.50
|
282.00
|
220.65
(78.79%)
|
Target met |
Buy
|
|
|
Coal India (CIL) has reported another strong print in Q3FY23. Revenue increased 23.7% YoY to Rs352bn, supported by 1.2% YoY increase in offtake at 175.8mnte and 23.1% YoY increase in average realisation at Rs1,843/te. EBITDA at Rs104bn was 52.2% higher YoY, while the company clocked an EBITDA/te of Rs591 (up 50.5% YoY).
|