Others | Coal
Nov 16, 2018
Coal India Ltd
Coal India is a government of India controlled coal mining company. It is the
largest coal producer in the world with operations spread across 82 mining
Mining & Mineral products
areas and 7 wholly owned subsidiaries. The company’s performance had
Market Cap (
weakened in the recent past on account of stagnant e-auction share, cash
52 Week High / Low
accretion due to working capital release, higher cost in stock adjustment and
Avg. Daily Volume
higher provisions. Nonetheless, cash accretion is seen to be positive as it would
Face Value (
release funds for potential usage and will also improve cash conversion cycle.
Coal India has a benign outlook backed by demand uptick in power sector,
supply under FSA and lower cost of production. E-action under FSA model gives
higher realization to the company, which will help in improving the profit
margins. Hence Buy.
Shareholding Pattern (%)
MF / Banks / Indian Fls
FII / NRIs / OCBs
Indian Public / Others
022 - 3935 7600 Ext: 6810
Please refer to important disclosures at the end of this report
Coal India |Coal
Research Team Tel: 022 - 39357600
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Ratings (Based on expected returns
Buy (> 15%)
Accumulate (5% to 15%)
Neutral (-5 to 5%)
over 12 months investment period):
Reduce (-5% to -15%)
Sell (< -15)