Coal India Limited Overview
Coal India Limited, or CIL, is a significant player in the coal industry, rooted in Kolkata since its establishment in 1975. As the largest coal producer globally, it plays a crucial role in India’s energy landscape, fulfilling around 80% of the nation’s coal requirements. Primarily, CIL caters to the power and steel sectors, making it an essential component of the country’s industrial framework.
Share Performance and Market Standing
As of the latest updates, Coal India Ltd boasts a market capitalization of Rs 2.52 lakh crore, with its share price recently closing at Rs 410.40, reflecting a 1% increase from the day before. The company is known for its attractive dividend yield of 6.34%, which positions it as one of the top high-dividend stocks in the market. Shareholders can expect the latest dividend of Rs 15.75 to be credited to their bank accounts by November 24, 2024, following an ex-date of November 5, 2024.
Production Goals and Financial Health
CIL operates 83 mining areas across eight Indian states, with a total of 322 mines. The company aims to ramp up coal production to 1 billion tonnes by the 2024-25 fiscal year and has set a target of 838 million tonnes for the next financial period. Despite a 6% drop in consolidated revenue to Rs 30,673 crore and a 22% decline in net profit to Rs 6,275 crore, CIL maintains solid financial ratios. With a low Price-to-Earnings Ratio of 7.02 and a current ratio of 1.81, the company demonstrates robust liquidity and minimal financial liabilities, indicating its strong market position and potential for future growth.
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Summary of Coal India Limited
Coal India Limited (CIL), established in 1975 in Kolkata, is the world’s largest coal producer, supplying 80% of India’s coal needs. With a market capitalization of Rs 2.52 lakh crore and a share price of Rs 410.40, it offers a dividend yield of 6.34%. CIL’s production capacity includes 322 mines, aiming for 1 billion tonnes of coal by 2024-25. Despite a decline in revenue and net profit, strong financial ratios indicate stability, while major brokerages recommend a target price of Rs 585. Future plans include significant capital expenditure and expansion into renewable energy.
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