Coal India (COALINDIA) · mywealthgrid

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About

Coal India is India's largest coal producer, supplying most of the country's thermal coal. The ₹2.5 lakh crore company operates with strong profitability (24.49% operating margins, 28.5% ROE) and minimal debt leverage (D/E 0.12).

Founded: 1975
Face value: ₹10

Market cap

₹2,58,966 Cr

P/E

8.3×

P/B

2.2×

Dividend yield

6.3%

ROE

28.5%

ROCE

20.5%

Debt / equity

0.12

OPM

24.5%

EPS (TTM)

₹50.6

Book value

₹193.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins have swung from 13.75% (Dec 2025) to 38.92% (Jun 2026) — verify what drives this volatility (commodity prices, volumes, input costs)
Net profit declined 19% sequentially in Jun 2026 despite stable quarterly revenue — verify if this signals sustained margin compression
Shares returned just 7.26% over 12 months despite 28.5% ROE and 24.49% OPM — verify what structural concerns the market is pricing in
As a thermal coal producer for India, verify medium-term outlook for coal demand in the power and industrial sectors

Generated analysis · source review pending

Growth drivers

Strong profitability (ROE 28.5%, OPM 24.49%) provides cash for reinvestment; verify capex plans and whether capital is being deployed to expand production
World's largest coal producer position provides scale leverage; verify whether market share is stable or growing and if volumes can expand
Operating margin reached 38.92% in Jun 2026; verify if this level can be sustained and what would drive further margin expansion

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹420.4-1.1%1Y

Quick read

rule-based

Pros

+Strong return on equity of 40.3% (3-yr avg)
+High return on capital employed of 25.6%
+Healthy operating margin of 24.5%
+Profit CAGR of 19.6% over the last 5 years
+Comfortable interest coverage of 34.8×
+Dividend yield of 6.3%
+Dividend payout of 52.3% of profit
+High promoter holding of 61.1% with no pledge

Cons

−Promoter holding fell 2 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 81
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Reliance IndustriesRELIANCERELIANCE	₹15,80,190 Cr	₹19,54,611 Cr	₹11,38,865 Cr	₹1,83,561 Cr	16.6%	₹74,727 Cr	8.9%	9.6%	9.2%	24
Oil & Natural Gas CorporationONGCONGC	₹2,79,741 Cr	₹4,21,797 Cr	₹7,04,127 Cr	₹92,698 Cr	15.6%	₹43,519 Cr	7.5%	12.9%	11.6%	28
Coal IndiaCOALINDIACOALINDIA	₹2,58,966 Cr	₹2,72,788 Cr	₹1,57,856 Cr	₹40,789 Cr	24.5%	₹31,203 Cr	18.5%	20.5%	28.5%	166
Indian Oil Corporation LimitedIOCIOC	₹1,85,468 Cr	₹3,17,290 Cr	₹9,61,537 Cr	₹67,856 Cr	8.6%	₹33,652 Cr	4.9%	21.1%	20.7%	40
Bharat Petroleum Corporation LimitedBPCLBPCL	₹1,30,415 Cr	₹1,73,897 Cr	₹5,52,733 Cr	₹27,469 Cr	7.9%	₹17,132 Cr	4.9%	27.1%	28.5%	14
Gail (India) LimitedGAILGAIL	₹1,12,579 Cr	₹1,32,543 Cr	₹1,48,016 Cr	₹14,939 Cr	8.1%	₹9,879 Cr	5.3%	8%	8.7%	19
Hindustan Petroleum Corporation LimitedHINDPETROHINDPETRO	₹73,409 Cr	₹1,24,308 Cr	₹5,03,898 Cr	₹6,938 Cr	6.4%	₹1,671 Cr	3.8%	23.9%	30.9%	14
Oil India LimitedOILOIL	₹72,221 Cr	₹1,08,180 Cr	₹41,186 Cr	₹13,887 Cr	28.2%	₹8,353 Cr	20.4%	9.9%	12.3%	161
Adani Total Gas LimitedATGLATGL	₹64,124 Cr	₹66,292 Cr	₹6,817 Cr	₹1,172 Cr	18.6%	₹632 Cr	10.2%	14.7%	14.5%	-0
Aegis Logistics LimitedAEGISLOGAEGISLOG	₹49,179 Cr	₹51,595 Cr	₹8,971 Cr	₹1,926 Cr	17.4%	₹1,251 Cr	13.3%	15.1%	16.8%	-12
Petronet Lng LimitedPETRONETPETRONET	₹42,825 Cr	₹42,825 Cr	₹37,173 Cr	₹5,711 Cr	12.3%	₹4,208 Cr	9%	22.1%	18.6%	10
Aegis Vopak Terminals LimitedAEGISVOPAKAEGISVOPAK	₹32,215 Cr	₹34,333 Cr	₹862 Cr	₹642 Cr	74.4%	₹250 Cr	37%	8.4%	10%	58

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	87,269	99,547	96,080	90,026	1,09,714	1,38,252	1,42,324	1,43,369	1,68,400
COGS	8,509	8,188	6,084	5,516	11,854	13,349	10,059	8,944	8,343
Gross profit	78,760	91,359	89,997	84,510	97,859	1,24,903	1,32,265	1,34,425	1,60,057
	69,193	66,383	68,077	65,939	73,177	88,094	83,867	86,900	1,18,057
	9,567	24,976	21,920	18,570	24,682	36,810	48,398	47,525	42,000
OPM %	11%	25.1%	22.8%	20.6%	22.5%	26.6%	34%	33.2%	24.9%
Depreciation	3,066	3,450	3,451	3,709	4,429	4,675	6,735	9,145	10,137
Interest	432	275	503	645	541	684	819	884	1,216
	4,658	5,874	6,105	3,792	3,905	6,551	7,969	9,470	11,276
Profit before tax	10,727	27,125	24,071	18,009	23,616	38,001	48,813	46,966	41,923
Tax	3,707	9,662	7,371	5,307	6,238	9,876	11,443	11,664	10,853
Tax %	34.6%	35.6%	30.6%	29.5%	26.4%	26%	23.4%	24.8%	25.9%
	7,020	17,462	16,700	12,702	17,378	28,125	37,369	35,302	31,071
PAT margin %	8%	17.5%	17.4%	14.1%	15.8%	20.3%	26.3%	24.6%	18.5%
EPS (₹)	11.3	28.1	27.1	20.6	28.2	45.7	60.7	57.4	50.5
EPS adjusted (₹)	—	—	—	20.6	28.2	45.7	60.7	57.4	50.5
	145.9%	46.6%	44.2%	77.6%	60.3%	53.1%	42%	46.2%	52.5%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6,316	6,163	6,163	6,163	6,163	6,163	6,163
Reserves	34,037	30,355	36,980	51,082	76,567	92,942	1,12,939
Minority interest	—	441	674	771	852	846	1,903
	1,192	5,883	3,310	4,115	6,289	8,908	13,821
	68,675	1,18,940	1,33,111	1,49,076	1,47,801	1,51,339	1,50,834
Total equity & liabilities	1,10,220	1,61,782	1,80,238	2,11,207	2,37,672	2,60,198	2,85,660
	—	37,799	42,803	47,036	70,619	79,220	84,267
CWIP	3,519	15,009	16,587	20,187	19,788	19,534	18,819
Investments	2,902	5,950	8,921	7,139	7,110	7,591	10,226
	1,03,799	1,03,022	1,11,926	1,36,844	1,40,155	1,53,853	1,72,348
Total assets	1,10,220	1,61,782	1,80,238	2,11,207	2,37,672	2,60,198	2,85,660

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	91.8%	93.7%	93.9%	89.2%	90.3%	92.9%	93.8%	95%
EBITDA margin %	25.1%	22.8%	20.6%	22.5%	26.6%	33.7%	32.8%	24.5%
EBIT margin %	21.6%	19.2%	16.5%	18.5%	23.2%	29%	26.4%	18.5%
PAT margin %	17.5%	17.4%	14.1%	15.8%	20.3%	26.3%	24.6%	18.5%
Working capital
Receivable days	—	—	80	38	34	34	32	31
Inventory days	—	—	592	218	223	369	515	685
Payable days	—	—	561	265	234	304	417	549
NWC days	—	—	111	-9	24	99	131	166
Leverage
Current ratio	—	—	1.68	1.62	1.57	1.7	1.49	1.86
Debt to EBITDA	—	—	0.32	0.13	0.11	0.13	0.19	0.34
Debt to equity	—	—	0.16	0.08	0.07	0.08	0.09	0.12
Interest coverage	99.6	48.9	28.9	44.6	56.5	60.1	53.6	34.8
Asset turnover	—	—	0.56	0.61	0.65	0.6	0.55	0.59
Return ratios
Return on assets %	—	—	7.9%	9.6%	13.3%	15.7%	13.6%	10.9%
Return on capital employed %	—	—	16.8%	20.6%	29.1%	30.9%	25.5%	20.5%
Return on equity %	—	—	34.8%	40.3%	49.1%	45.2%	35.6%	26.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	63.13%	61.13%
	7.79%	8.59%	8.42%	8.4%	9.16%	8.58%	7.74%	8.16%	7.96%	8.22%	8.38%	10.37%
	24.06%	23.06%	23.18%	23.15%	22.57%	22.58%	23.35%	22.65%	22.8%	22.54%	22.75%	22.21%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0.12%	0.13%	0.1%	0.1%
	5.02%	5.22%	5.27%	5.32%	5.14%	5.71%	5.78%	6.06%	5.99%	5.98%	5.64%	6.19%
No. of shareholders	—	—	—	—	—	—	—	—	23,22,686	27,95,663	26,32,588	25,51,169

Promoter holding down 2 percentage points since Sep 2023.

44 deals · 31 Aug 2021 – 14 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 Oct 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	5,42,293	₹381.00	₹20.66 Cr
14 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	5,42,293	₹381.00	₹20.66 Cr
13 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	5,78,569	₹381.50	₹22.07 Cr
13 Oct 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	5,78,569	₹381.50	₹22.07 Cr
25 Jan 2024	SOCIETE GENERALE	Block	BSE	Buy	12,89,935	₹382.60	₹49.35 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	12,89,935	₹382.60	₹49.35 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	23,62,665	₹253.25	₹59.83 Cr
14 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	23,62,665	₹253.25	₹59.83 Cr
3 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	23,62,665	₹245.80	₹58.07 Cr
3 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	23,62,665	₹245.80	₹58.07 Cr

1–10 of 44

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Mr. SAIRAM BHAGAVATULAExecutive Director-Chairperson-CEO-MD
Mrs. RUPINDER BRARNon-Executive - Nominee Director
Mr. ASHIM KUMAR MODINon-Executive - Nominee Director
Mr. MUKESH CHOUDHARYExecutive Director
Mr. MUKESH AGRAWALExecutive Director
Mr. ACHYUT GHATAKExecutive Director
Mr. ASHEESH KUMARExecutive Director
Mrs. Sona KumariNon - Executive Independent Director
Mr. Bijay Prakash DubeyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹425.0 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹426.1	-0.4	-0.1%	₹426.1	67,108	-909	4,939	1350
23 Nov 2026	₹428.5	-0.6	-0.1%	₹428.5	1,172	+38	159	1350
29 Dec 2026	₹430.4	-1	-0.2%	₹430.4	9	+9	12	1350

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

31

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
16	-1	2	₹101.8

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

172

across 23 fund houses

Held by these funds

8.17%

of the company's equity

All mutual funds

9.93%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

172 schemes · 23 fund houses

		Shares
Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	18.41 Cr	7,394.59	5.02%	2.988%	+82.15 L
CPSE ETF	Nippon India Mutual Fund	6.81 Cr	2,736.71	14.37%	1.106%	+77,001
Nifty 50 ETF	SBI Mutual Fund	4.65 Cr	1,866.58	0.87%	0.754%	+2.44 L
Aggressive Hybrid FundNEW	SBI Mutual Fund	1.9 Cr	763.33	0.86%	0.308%	—
ETF NIFTY 50 BEES	Nippon India Mutual Fund	1.46 Cr	585.76	0.87%	0.237%	+2.93 L
BHARAT 22 ETF	ICICI Prudential Mutual Fund	1.32 Cr	528.69	5.32%	0.213%	-27,102
SMALL CAP FUND	Nippon India Mutual Fund	1.3 Cr	522.28	0.63%	0.211%	+1 Cr
Value FundNEW	ICICI Prudential Mutual Fund	1.15 Cr	460.45	0.77%	0.186%	—

1–8 of 172

1 / 22

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

50 announcementsExport CSV

2 Sept 2026, 10:35 amCompany Update

Disclosure Under Regulation 30 Of SEBI LODR, 2015 - Filing Of DRHP Of Mahanadi Coalfields Limited (MCL), A Wholly Owned Subsidiary Of CIL.

General

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	91.8%	93.7%	93.9%	89.2%	90.3%	92.9%	93.8%	95%
EBITDA margin %	25.1%	22.8%	20.6%	22.5%	26.6%	33.7%	32.8%	24.5%
EBIT margin %	21.6%	19.2%	16.5%	18.5%	23.2%	29%	26.4%	18.5%
PAT margin %	17.5%	17.4%	14.1%	15.8%	20.3%	26.3%	24.6%	18.5%
Working capital
Receivable days	—	—	80	38	34	34	32	31
Inventory days	—	—	592	218	223	369	515	685
Payable days	—	—	561	265	234	304	417	549
NWC days	—	—	111	-9	24	99	131	166
Leverage
Current ratio	—	—	1.68	1.62	1.57	1.7	1.49	1.86
Debt to EBITDA	—	—	0.32	0.13	0.11	0.13	0.19	0.34
Debt to equity	—	—	0.16	0.08	0.07	0.08	0.09	0.12
Interest coverage	99.6	48.9	28.9	44.6	56.5	60.1	53.6	34.8
Asset turnover	—	—	0.56	0.61	0.65	0.6	0.55	0.59
Return ratios
Return on assets %	—	—	7.9%	9.6%	13.3%	15.7%	13.6%	10.9%
Return on capital employed %	—	—	16.8%	20.6%	29.1%	30.9%	25.5%	20.5%
Return on equity %	—	—	34.8%	40.3%	49.1%	45.2%	35.6%	26.1%

Calls	Strike	Puts
16	-1	2	₹101.8

Date	Category	Subject	Filing
2 Sept 2026, 10:35 am	Company Update General	Disclosure Under Regulation 30 Of SEBI LODR, 2015 - Filing Of DRHP Of Mahanadi Coalfields Limited (MCL), A Wholly Owned Subsidiary Of CIL.	PDF
1 Sept 2026, 5:31 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
1 Sept 2026, 3:58 pm	Company Update General	Single Window Mode Agnostic (SWMA) E-Auction Data Of CIL And Subsidiary Companies For The Month Of Aug'26 & Cumulative For The Month Of Apr'26-Aug'26.	PDF
1 Sept 2026, 3:36 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 12:54 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
1 Sept 2026, 11:37 am	Company Update General	Provisional Production And Off-Take Performance Of CIL And Subsidiary Companies For The Month Of August'26 And Progressive August'26.	PDF
1 Sept 2026, 10:00 am	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
31 Aug 2026, 2:17 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13,154	16,461	21,115	16,356	4,977	10,560	41,088	35,686	18,103	29,200	43,215
	8,154	455	-7,747	-7,896	1,033	339	-26,481	-23,423	-4,486	-10,076	-33,955
	-19,587	-17,598	-13,564	-10,885	-4,791	-8,455	-13,441	-13,661	-13,899	-13,309	-11,801
Net cash flow	1,721	—	-196	-2,426	1,219	2,443	1,165	-1,398	-282	5,815	-2,541
Free cash flow	7,368	7,785	14,352	9,851	-237	-293	29,064	21,477	1,723	16,396	31,122
CFO / Operating profit %	—	—	220.7%	65.5%	22.7%	56.9%	166.4%	96.9%	37.7%	62%	104.8%

Coal India

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

31

Fund holders

Documents

Announcements

Events

Announcements

3

31

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

35

1

Compounded sales growth

Compounded profit growth

Return on equity

Coal India

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain31

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain31

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends35

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

31

3

31

35

1