Regulatory
HIGHTrigger: State governments can levy and increase mineral cess unilaterally; CIL has limited pricing power to pass this through FSA customers
Monitor: regulatory
Coal India Ltd: Stock Analysis & Fundamentals
Updated this weekCoal India Ltd (Mining/Minerals) — fundamental analysis, earnings data, and key metrics. PE: 8.8. ROE: 28.5%. This stock is not currently in the Nifty 500 momentum outperformers list.
Coal India Ltd Key Facts
What's Happening
🌐FII stake decreased 1.2% this quarter
Key Risks
1. Regulatory
HIGH2. Labor
MEDIUM3. Commodity
MEDIUMKey Numbers
Current Price
₹442
Dividend Yield
6.00%
Market Cap
2.7L Cr
Valuation
N/AWhat Are the Key Risks for Coal India Ltd?
Earnings deceleration risks from management commentary
Labor
MEDIUMTrigger: PSU pay revision cycles recur every 5-10 years; next revision cycle could create similar provisioning burden; employee costs already at structurally high level
Monitor: labor
Commodity
MEDIUMTrigger: Spot coal prices globally have softened as European gas supply improved and Chinese demand moderated; domestic e-auction premiums track global coal price sentiment
Monitor: commodity
Logistics
MEDIUMTrigger: Rake availability constraints and mine-mouth logistics bottlenecks at Jharkhand/Odisha mines are recurring issues; building inventory signals demand absorption limits rather than supply-side recovery
Monitor: logistics
Regulatory
LOWTrigger: DISCOM financial health remains stressed in several states; elongating payment cycles increase working capital burden and credit risk for CIL
Monitor: regulatory
What Is Coal India Ltd's Management Saying?
Key quotes from recent conference calls
“Other expenses up 9% due to increase in Jharkhand Mineral-Bearing Land Cess from Rs 250 to Rs 450 per Tonne, impact Rs 3,635 Crore [Risk (regulatory): HIGH]”
“One time provision of pay scale upgradation of Executives: Rs 1,458 Cr; Reduction in Manpower: 4% (31.03.26: 2,12,066 & 31.03.25: 2,20,242) [Risk (labor): MEDIUM]”
“E-Auction Price FY 25-26: Rs 2,961.87 per Te vs FY 24-25: Rs 3,122.64 per Te, reduction of Rs 160.76 per Te, impact Rs -1,348 Crore [Risk (commodity): MEDIUM]”
“Coal Production FY 25-26: 768.19 MT vs target 875.24 MT; Coal Offtake: 744.88 MT vs target 900.24 MT; Inventory increase of 22.80 MT (21%) to 129.96 MT as on 31.03.2026 [Risk (logistics): MEDIUM]”
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
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Frequently Asked Questions: Coal India Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Coal India Ltd's latest quarterly results?
Coal India Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +13.7%
- Revenue Growth YoY: +22.9%
- Operating Margin: 27.0%
What is Coal India Ltd's current PE ratio?
Coal India Ltd's current PE ratio is 8.8x.
- Current PE: 8.8x
- Market Cap: 2.7 Lakh Cr
- Dividend Yield: 6.00%
What is Coal India Ltd's price-to-book ratio?
Coal India Ltd's price-to-book ratio is 2.3x.
- Price-to-Book (P/B): 2.3x
- Book Value per Share: ₹193
- Current Price: ₹442
Is Coal India Ltd a fundamentally strong company?
Coal India Ltd's fundamental strength based on key financial ratios
- Return on Capital (ROCE): 35.0%
Is Coal India Ltd debt free?
Coal India Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹14,000 Cr
What is Coal India Ltd's return on equity (ROE) and ROCE?
Coal India Ltd's return ratios over recent years
- FY2024: ROCE 64.0%
- FY2025: ROCE 48.0%
- FY2026: ROCE 35.0%
Is Coal India Ltd's cash flow positive?
Coal India Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹43,000 Cr
- Free Cash Flow (FCF): ₹9,000 Cr
- CFO/PAT Ratio: 139% (strong cash conversion)
What is Coal India Ltd's dividend yield?
Coal India Ltd's current dividend yield is 6.00%.
- Dividend Yield: 6.00%
- Current Price: ₹442
Who holds Coal India Ltd shares — promoters, FII, DII?
Coal India Ltd's shareholding pattern (Mar 2026)
- Promoters: 63.1%
- FII (Foreign): 8.4%
- DII (Domestic): 22.8%
- Public: 5.6%
Is promoter holding increasing or decreasing in Coal India Ltd?
Coal India Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 63.1% (Mar 2026)
- Previous Quarter: 63.1% (Dec 2025)
- Change: 0.00% (stable)
Is Coal India Ltd a new momentum entry or an established outperformer?
Coal India Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Coal India Ltd?
Coal India Ltd has 5 key risks worth monitoring
- [HIGH] Regulatory — State governments can levy and increase mineral cess unilaterally; CIL has limited pricing power to pass this through FSA customers
- [MEDIUM] Labor — PSU pay revision cycles recur every 5-10 years; next revision cycle could create similar provisioning burden; employee costs already at structurally high level
- [MEDIUM] Commodity — Spot coal prices globally have softened as European gas supply improved and Chinese demand moderated; domestic e-auction premiums track global coal price sentiment
- [MEDIUM] Logistics — Rake availability constraints and mine-mouth logistics bottlenecks at Jharkhand/Odisha mines are recurring issues; building inventory signals demand absorption limits rather than supply-side recovery
What did Coal India Ltd's management say in the latest earnings call?
In Q4 FY26, Coal India Ltd's management highlighted
- "Other expenses up 9% due to increase in Jharkhand Mineral-Bearing Land Cess from Rs 250 to Rs 450 per Tonne, impact Rs 3,635 Crore [Risk (regulatory)..."
- "One time provision of pay scale upgradation of Executives: Rs 1,458 Cr; Reduction in Manpower: 4% (31.03.26: 2,12,066 & 31.03.25: 2,20,242) [Risk (la..."
- "E-Auction Price FY 25-26: Rs 2,961.87 per Te vs FY 24-25: Rs 3,122.64 per Te, reduction of Rs 160.76 per Te, impact Rs -1,348 Crore [Risk (commodity)..."
Is Coal India Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Coal India Ltd may be worth studying
- Cash flow is positive — CFO ₹43,000 Cr
What is the investment thesis for Coal India Ltd?
Coal India Ltd investment thesis summary:
Risk Factors (Bear Case)
- Key risk: Regulatory
What is the future outlook for Coal India Ltd?
Coal India Ltd's forward outlook based on current data signals
- Key Risk: Regulatory
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.