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Coal India: Is this outperformance likely to sustain?

Investors need to track FSA price revision, wage negotiations and the premium on e-auction.

August 16, 2022 / 09:50 AM IST
Coal India: Is this outperformance likely to sustain?

Coal India determines the prices of domestic coal based on various factors such as costing, future projects viability, changes in inflationary cost indices, competitiveness with imported coal, among other factors.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The Q1FY23 results for Coal India (CIL; CMP: Rs222; Market capitalisation: Rs136597crore) were above Street expectation. As per press reports, the central government has rolled back the order that mandated power plants to import 10 percent of their coal requirement and blend it with domestic supply. This withdrawal of the mandatory blending order indicates adequate stocks at power plants, ahead of the annual rise in coal demand post monsoon when electricity demand picks up. With demand from the power...

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