Coal India Limited (COALINDIA)

Oil Gas & Consumable Fuels · Consumable Fuels · NSE · Updated 15 July 2026

₹427.55 ↑ 10.64% (1Y)

🎯 Key Takeaways

Coal India Limited remains a dominant state-owned coal producer with strong profitability metrics and low leverage, operating in a strategic sector aligned with India's energy transition goals. The company exhibits characteristics of a mature cash cow with consistent cash generation, though recent quarterly performance shows signs of operational volatility.
Revenue grew 15.7% QoQ to ₹34,924 in Q3FY26.
⚠️ 1) Operational volatility in coal production and off-take volumes due to regulatory constraints and environmental transition pressures. 2) Increasing

Market Cap

₹2.85 L Cr

P/E Ratio

9.5

P/B Ratio

2.87

ROE

30.1%

ROCE

37.2%

Debt/Equity

0.09

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About COALINDIA 📊 Interactive Charts

📖 The Story

Coal India Limited remains a dominant state-owned coal producer with strong profitability metrics and low leverage, operating in a strategic sector aligned with India's energy transition goals. The company exhibits characteristics of a mature cash cow with consistent cash generation, though recent quarterly performance shows signs of operational volatility. Its narrative is increasingly shaped by energy transition pressures and regulatory oversight within the coal value chain.

📰 What's Happening

The company announced the appointment of Bandyopadhyaya Bhaumik & Co. as its cost auditor for FY 2026-27 following board approval on 16 June 2026, continuing an existing auditor relationship without structural change. Additionally, trading restrictions were imposed as the trading window closed on 1st July 2026 ahead of the standalone and consolidated unaudited financial results for Q1 FY2026-27, expected around 48 hours after 30th June 2026. These developments reflect routine governance updates and standard regulatory compliance rather than strategic shifts.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY24	Q1FY25	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26
Revenue	37,410	36,465	30,673	35,780	37,825	35,842	30,187	34,924
Operating Profit	13,582	16,223	10,122	14,460	15,727	14,137	8,857	11,723
OPM %	30.3%	39.3%	28.1%	34.4%	31.2%	34.9%	22.3%	26.7%
Net Profit	8,640	10,944	6,275	8,491	9,593	8,734	4,263	7,166
EPS	₹14.09	₹17.78	₹10.21	₹13.80	₹15.58	₹14.19	₹7.07	₹11.61

Quarterly revenue has shown mixed momentum, declining from a peak of ₹37,825 crore in Q4FY25 to ₹34,924 crore in Q3FY26, while operating margins have fluctuated between 22.3% and 34.9%. Profitability dipped in Q3FY26 with OP of ₹11,723 crore and NP of ₹7,166 crore, down from ₹14,137 crore OP and ₹8,734 crore NP in the prior quarter. However, year-on-year trends indicate relative stability in core operations, with Q3FY26 revenue down slightly from Q3FY25's ₹35,780 crore but OP up from ₹14,460 crore to ₹11,723 crore, suggesting cost management challenges amid volatile input dynamics.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the reviewed filings beyond routine operational disclosures. The only forward-looking element cited is the anticipated declaration of Q1 FY2026-27 financial results around 48 hours after 30th June 2026, which will be followed by trading window restrictions. No strategic outlook, growth targets, or capital allocation framework was articulated in the available commentary.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	2023-2024	2023-2024	2024-2025	2024-2025	2025-2026
Equity Capital	6,163	6,163	6,163	6,163	6,163
Reserves	63,523	76,567	90,034	92,942	99,200
Borrowings	6,092	6,289	7,553	8,908	13,534
Total Liabilities	1.48 L Cr	1.54 L Cr	1.52 L Cr	1.60 L Cr	1.59 L Cr
Fixed Assets	46,874	67,900	70,751	76,640	77,265
Investments	8,355	7,110	9,058	7,591	9,556
Total Assets	2.18 L Cr	2.38 L Cr	2.49 L Cr	2.60 L Cr	2.66 L Cr

The balance sheet shows stable equity of ₹6,163 crore over recent periods, with reserves growing from ₹90,034 crore to ₹99,200 crore and borrowings increasing from ₹7,553 crore to ₹13,534 crore over the past two fiscal years. This indicates a deliberate capital structure shift toward higher leverage, likely funding asset expansion or strategic investments, while maintaining strong asset growth from ₹2.49 L Cr to ₹2.66 L Cr in total assets.

💰 Cash Flow Statement (₹ Cr)

Item	2020-2021	2020-2021
Operating	-3,601	+10,560
Investing	+5,160	+339
Financing	+938	-8,455
Net Cash Flow	—	—

⚖️ Peer Comparison — Consumable Fuels

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Coal India Limited	2.85 L Cr	9.5	37.2%	30.1%	0.09
Bharat Coking Coal Limited	17,888	—	—	—	—
Sandur Manganese & Iron Ores Limited	10,900	22.8	—	—	—
Sindhu Trade Links Limited	3,557	45.2	—	—	—
Anmol India Limited	66	6.4	—	—	—

🔗 Peer Stock Analyses

BHARATCOAL SANDUMA SINDHUTRAD ANMOL

⚠️ Risk Factors

1) Operational volatility in coal production and off-take volumes due to regulatory constraints and environmental transition pressures. 2) Increasing regulatory scrutiny on coal usage as India commits to net-zero targets by 2070, potentially impacting long-term demand visibility. 3) Rising borrowings to fund asset growth amid a shrinking coal basin, creating execution and financing risks if demand softens faster than anticipated.

📋 Recent Filings

🧠 Analyst's Read

Coal India operates as a strategically vital but structurally challenged entity, with strong current cash flows offset by long-term sectoral headwinds. Investors should monitor Q1 FY2026-27 results for early signals of demand resilience and management's capital allocation intentions amid evolving energy policies.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on COALINDIA

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

📡 Get AI alerts when COALINDIA files new disclosures

Track COALINDIA filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track COALINDIA — Free

Free account · 2 AI queries/day