Sharekhan's research report on Coal India
Till YTDFY2025 (Apr-Nov), Coal India has reported an offtake of 492.6 mn tonne (up 1.5% y-o-y) and production of 471 mn tonne (up 2.4 % y-o-y). The volume growth has been weak because of strong monsoons affecting the power demand. However, the company has strong growth levers – 1) Volume picking up with the rise in power demand and 2) potential hike in FSA coal realizations.
Outlook
Valuation of 6.4x/6.1x its FY26/FY27 EPS estimates is attractive, and the stock offers a high dividend yield of ~6%. Hence, we maintain a Buy with an unchanged PT of Rs.560.
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