Feb 16, 2017 11:25 AM IST | Source:

Buy Coal India; target of Rs 360: Edelweiss

Edelweiss is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 360 in its research report dated February 13, 2017.

  • bselive
  • nselive
Todays L/H

Edelweiss' research report on Coal India

Coal India's (CIL) Q3FY17 EBITDA, at INR 38.5bn, was marginally below consensus due to INR 7.1bn wage cost provision, though revenue came in line. However, volume grew 4% YoY (23% QoQ) to 143mt with e-auction proportion rising to the highest-ever level of 17.7% (up 66% YoY) to 25.5mt.


With volume uptick (6% YoY growth) apparent in recent months, we believe benefit of operating leverage will result in EPS growth of 26% YoY until FY19E due to better absorption of higher employee cost post wage negotiation. Rolling over to FY19E, we maintain ‘BUY’ at revised target price of INR 360 (INR 350 earlier).

For all recommendations, click here

The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
Follow us on
Available On