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COALINDIA - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.5

Last Updated Time : 04 May 26, 11:57 am

Fundamental Rating: 4.5

Stock Code COALINDIA Market Cap 2,96,705 Cr. Current Price 481 ₹ High / Low 491 ₹
Stock P/E 15.7 Book Value 33.5 ₹ Dividend Yield 5.50 % ROCE 98.0 %
ROE 97.4 % Face Value 10.0 ₹ DMA 50 445 ₹ DMA 200 418 ₹
Chg in FII Hold 0.16 % Chg in DII Hold 0.23 % PAT Qtr 5,534 Cr. PAT Prev Qtr 4,872 Cr.
RSI 68.7 MACD 6.55 Volume 1,81,23,375 Avg Vol 1Wk 1,82,80,928
Low price 369 ₹ High price 491 ₹ PEG Ratio 1.86 Debt to equity 0.04
52w Index 92.0 % Qtr Profit Var 75.7 % EPS 30.6 ₹ Industry PE 17.0

📊 Financials: COALINDIA demonstrates exceptional profitability with ROE at 97.4% and ROCE at 98.0%, among the highest in the industry. EPS of ₹30.6 supports strong earnings visibility. Quarterly PAT surged from ₹4,872 Cr. to ₹5,534 Cr. (+75.7%), reflecting robust growth. Debt-to-equity at 0.04 highlights a virtually debt-free balance sheet, strengthening financial stability.

💹 Valuation: The stock trades at a P/E of 15.7, slightly below the industry average of 17.0, suggesting mild undervaluation. Book value of ₹33.5 results in a high P/B of ~14.4, expensive relative to assets but justified by profitability. PEG ratio of 1.86 indicates premium valuation relative to growth. Intrinsic value appears supportive for accumulation near DMA levels.

🏢 Business Model: As India’s largest coal producer, COALINDIA benefits from scale, government backing, and critical role in power generation. Its competitive advantage lies in high efficiency, strong dividend yield (5.50%), and debt-free operations. Institutional sentiment improved, with FII holdings up (+0.16%) and DII holdings up (+0.23%).

🎯 Entry Zone: Attractive entry between ₹450–470, near DMA support levels. Long-term investors may hold for 3–5 years, with exit considerations if ROE falls below 80% or regulatory risks intensify.

Positive

  • Exceptional ROCE (98.0%) and ROE (97.4%).
  • Debt-to-equity ratio of 0.04, virtually debt-free.
  • Dividend yield of 5.50% provides strong income support.
  • Quarterly PAT growth of 75.7% highlights operational strength.
  • EPS of ₹30.6 supports earnings visibility.
  • Institutional holdings increased (FII +0.16%, DII +0.23%).

Limitation

  • P/B ratio (~14.4) indicates expensive valuation relative to assets.
  • PEG ratio of 1.86 suggests premium valuation.
  • RSI at 68.7 indicates near overbought levels.
  • High dependence on coal demand, which is cyclical and policy-sensitive.

Company Negative News

  • Concerns around sustainability and environmental regulations may impact long-term growth prospects.

Company Positive News

  • Strong quarterly profit surge and improved institutional holdings.
  • High dividend payouts highlight operational strength and investor confidence.

Industry

  • Coal and energy sector remains critical for India’s power generation.
  • Industry PE at 17.0 suggests COALINDIA trades at a slight discount.
  • Sector faces gradual transition pressures toward renewable energy.

Conclusion

✅ COALINDIA is a fundamentally strong company with exceptional profitability, high dividend yield, and low debt. Entry near ₹450–470 offers safety, while holding for 3–5 years could yield strong returns if demand sustains and regulatory risks are managed effectively. Partial profit booking near ₹485–490 resistance is prudent for short-term investors.

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