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Energy Minerals

Coal India Ltd.

Company Background

Coal India is the largest coal producing company in the world. It is responsible for more than 80% of India's coal production and commands nearly 74% of the country's coal market. Coal India is a holding company with seven wholly owned coal producing subsidiaries, one mine planning and consultancy company in India, and a fully-owned mining company in Mozambique. The Indian government has about a 80% stake in the company, which is under the administrative control of the Ministry of Coal. Coal India acquires metallurgical and thermal coal assets overseas through Coal Videsh.

Coal India was established in Nov. 1975 after the government nationalized the coal industry to manage India's growing energy requirements. The government first acquired 226 coking coal mines in 1972 under Bharat Coking Coal (BCCL) and then took control of 711 non-coking coal mines in 1973 under the Coal Mines Authority (CMAL). Coal India was finally set up as a formal holding company to manage both BCCL and CMAL.

Sutirtha Bhattacharya, a senior bureaucrat, is the chairman and managing director of Coal India. Prior to assuming his current position in January, Bhattacharya led the state-owned Singareni Collieries Company in the southern Telangana state. Bhattacharya has vast experience across different sectors of the Indian government, having joined the public service as a bureaucrat in 1985. He also held the position of principal secretary (energy) in the Andhra Pradesh state government, where he focused on ensuring quality power supply at reasonable prices.

Business Summary

Coal India Ltd. is a holding company, which engages in the production and sale of coal. Its products and services include coking coal, semi coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines and coke fines, tar, heavy oil, light oil, and soft pitch. The company was founded in June 14, 1973 and is headquartered in Kolkata, India.

Financial Highlights

Mar 2019 INRUSD
Revenue995,392.50M14,231.54M
Gross Profit265,269.70M3,792.67M
Operating income216,835M3,100.18M
Income before tax271,254.60M3,878.24M
Net income174,618.50M2,496.59M
EBITDA253,993.40M3,631.44M
Diluted EPS28.130.40
Dividends Per Share----
Total Assets1,327.18B19,158.25M
Total liabilities1,058.58B15,280.85M
Total equity264,350.40M3,815.95M
Operating cash flow195,835M2,799.93M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 720,146.20M 777,344.70M 780,367.60M 851,634.50M 995,392.50M
Gross Profit 169,879.60M 200,099.10M 154,084.30M 105,215.70M 265,269.70M
Operating income 130,610.20M 166,344.50M 95,942.90M 62,349.30M 216,835M
Income before tax 215,839.20M 214,398M 144,463.30M 107,703.10M 271,254.60M
Net income 137,267.10M 142,668.30M 92,800.30M 70,385.60M 174,618.50M
EBITDA 156,782.70M 201,450.40M 128,795.90M 96,912.20M 253,993.40M
Diluted EPS 21.73 22.59 14.80 11.33 28.13
Dividends Per Share 20.70 27.40 19.90 16.50 --
Total Assets 1,105.41B 1,134.73B 1,185.50B 1,254.70B 1,327.18B
Total liabilities 701,225.60M 785,359M 936,866.30M 1,049.29B 1,058.58B
Total equity 403,433.30M 348,149.80M 244,982.80M 201,595.30M 264,350.40M
Operating cash flow 196,613.20M 181,680.60M 198,943.60M 232,312.80M 195,835M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 11,777.97M 11,873.14M 11,637.36M 13,210.58M 14,231.54M
Gross Profit 2,778.37M 3,056.30M 2,297.80M 1,632.11M 3,792.67M
Operating income 2,136.12M 2,540.74M 1,430.76M 967.16M 3,100.18M
Income before tax 3,530.04M 3,274.71M 2,154.33M 1,670.69M 3,878.24M
Net income 2,245.00M 2,179.11M 1,383.90M 1,091.82M 2,496.59M
EBITDA 2,564.17M 3,076.94M 1,920.69M 1,503.30M 3,631.44M
Diluted EPS 0.35 0.34 0.22 0.17 0.40
Dividends Per Share 0.33 0.41 0.29 0.25 --
Total Assets 17,663.67M 17,135.23M 18,256.81M 19,237.56M 19,158.25M
Total liabilities 11,205.04M 11,859.39M 14,427.75M 16,088.12M 15,280.85M
Total equity 6,446.55M 5,257.27M 3,772.73M 3,090.92M 3,815.95M
Operating cash flow 3,215.60M 2,774.98M 2,966.78M 3,603.64M 2,799.93M

Valuation Measures

Mar 2019
PER8.41
ROA13.52%
ROE74.95%
Operating margin21.78%
Profit margin17.54%

Key executives

  • Chairman, Chief Executive Officer & MD: Anil Kumar Jha
  • Chief Financial Officer: S. Sarkar
  • Director & Technical Director: Binay Dayal
  • Secretary & Compliance Officer: M. Viswanathan
  • Executive Director & Marketing Director: Shyam Nandan Prasad

Shareholders

  • Government of India (70.4%)
  • Life Insurance Corp. of India (10.8%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (2.1%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (2.0%)
  • The Vanguard Group, Inc. (0.8%)
  • BlackRock Fund Advisors (0.6%)
  • Capital Research & Management Co. (World Investors) (0.6%)
  • ICICI Prudential Asset Management Co. Ltd. (0.5%)
  • SBI Funds Management Pvt Ltd. (0.4%)
  • Lazard Asset Management LLC (0.4%)

Contact Details

  • Website:http://www.coalindia.in
  • Address: Coal Bhawan, 3rd Floor, Core-2, Premises No-4 MAR, Plot No-AF-III, Kolkata, 700156, India
  • Phone: +91.33.23245555

Related Companies

  • Shree Balaji Coal Traders Ltd.
  • Coal India Africana Lda.
  • Eastern Mineral Trading Agency Ltd.
  • MNH Shakti Ltd.
  • Central Mine Planning & Design Institute Ltd.
  • Bharat Cooking Coal Ltd.
  • Mahanadi Coalfields Ltd.
  • Eastern Coalfields Ltd.
  • Central Coalfields Ltd.
  • Western Coalfields Ltd.
  • South Eastern Coalfields Ltd.
  • Northern Coalfields Ltd.
  • Bharat Coking Coal Ltd.

Competitors

  • PT Bukit Asam Tbk
  • Peabody Energy Corporation
Last Updated on 11 Oct, 2019

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