Others | Coal
Nov 16, 2018
Coal India Ltd
BUY
CMP
`263
Coal India is a government of India controlled coal mining company. It is the
Stock Info
largest coal producer in the world with operations spread across 82 mining
Sector
Mining & Mineral products
areas and 7 wholly owned subsidiaries. The company’s performance had
Market Cap (` cr)
1,63,534
weakened in the recent past on account of stagnant e-auction share, cash
52 Week High / Low
1,127/395
accretion due to working capital release, higher cost in stock adjustment and
Avg. Daily Volume
2,87,411
higher provisions. Nonetheless, cash accretion is seen to be positive as it would
Face Value (`)
10
release funds for potential usage and will also improve cash conversion cycle.
BSE Sensex
35,457
Coal India has a benign outlook backed by demand uptick in power sector,
Nifty
10,482
supply under FSA and lower cost of production. E-action under FSA model gives
Reuters Code
COAL.BO
higher realization to the company, which will help in improving the profit
Bloomberg Code
COAL IN
margins. Hence Buy.
Shareholding Pattern (%)
Promoters
72.9
MF / Banks / Indian Fls
17.6
FII / NRIs / OCBs
6.0
Indian Public / Others
3.5
Abs. (%)
3m 1yr
3yr
Sensex
(5.9)
7.1
37.6
COALINDIA
(6.7)
(2.0)
(20.4)
Jaikishan Parmar
022 - 3935 7600 Ext: 6810
Please refer to important disclosures at the end of this report
1
Coal India |Coal
Research Team Tel: 022 - 39357600
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the company covered by Analyst during the past twelve months.
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Disclosure of Interest Statement
Coal India
1. Financial interest of research analyst or Angel or his Associate or his relative
No
2. Ownership of 1% or more of the stock by research analyst or Angel or associates or relatives
No
3. Served as an officer, director or employee of the company covered under Research
No
4. Broking relationship with company covered under Research
No
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)
2
