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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 2022 INRUSD
Revenue1,097.12B14,724.54M
Gross Profit255,315.30M3,426.60M
Operating income203,799M2,735.20M
Income before tax236,248.70M3,170.71M
Net income173,581M2,329.64M
EBITDA252,653.80M3,390.88M
Diluted EPS28.160.37
Dividends Per Share170.22
Total Assets1,802.43B23,786.64M
Total liabilities1,364.26B18,004.15M
Total equity431,241.40M5,691.07M
Operating cash flow421,201.90M5,652.98M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 851,634.50M 995,787.90M 960,795.80M 900,177M 1,097.12B
Gross Profit 105,215.70M 265,779.10M 234,616.70M 202,538.40M 255,315.30M
Operating income 62,349.30M 217,274M 183,568.20M 149,195.10M 203,799M
Income before tax 107,703.10M 271,288.70M 240,724.90M 180,122.10M 236,248.70M
Net income 70,385.60M 174,630.70M 167,141.90M 126,998.90M 173,581M
EBITDA 96,912.20M 254,290.90M 222,419.40M 190,838.20M 252,653.80M
Diluted EPS 11.33 28.13 27.12 20.60 28.16
Dividends Per Share 16.50 13.10 12 16 17
Total Assets 1,254.70B 1,330.21B 1,503.27B 1,617.81B 1,802.43B
Total liabilities 1,049.29B 1,061.58B 1,177.76B 1,248.23B 1,364.26B
Total equity 201,595.30M 264,362.70M 321,383.50M 364,995.80M 431,241.40M
Operating cash flow 232,312.80M 194,875.40M 80,293.50M 126,124.60M 421,201.90M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 13,210.58M 14,237.19M 13,550.27M 12,126.04M 14,724.54M
Gross Profit 1,632.11M 3,799.95M 3,308.84M 2,728.34M 3,426.60M
Operating income 967.16M 3,106.45M 2,588.89M 2,009.76M 2,735.20M
Income before tax 1,670.69M 3,878.72M 3,394.98M 2,426.37M 3,170.71M
Net income 1,091.82M 2,496.76M 2,357.23M 1,710.76M 2,329.64M
EBITDA 1,503.30M 3,635.70M 3,136.82M 2,570.73M 3,390.88M
Diluted EPS 0.17 0.40 0.38 0.27 0.37
Dividends Per Share 0.25 0.18 0.16 0.21 0.22
Total Assets 19,237.56M 19,201.94M 19,871.11M 22,127.38M 23,786.64M
Total liabilities 16,088.12M 15,324.21M 15,568.34M 17,072.45M 18,004.15M
Total equity 3,090.92M 3,816.13M 4,248.22M 4,992.16M 5,691.07M
Operating cash flow 3,603.64M 2,786.21M 1,132.39M 1,698.99M 5,652.98M

Valuation Measures

Mar 2022
PER6.49
ROA10.15%
ROE43.60%
Operating margin18.57%
Profit margin15.82%

Key executives

  • Chairman, Managing Director & Finance Director: Pramod Agrawal
  • Chief Financial Officer: Sunil Kumar Mehta
  • Director, Director-Technical & Marketing: B. Veera Reddy
  • Secretary & Compliance Officer: M. Viswanathan
  • Director & Personnel Director: Vinay Ranjan

Shareholders

  • Government of India (66.1%)
  • Life Insurance Corporation of India (Investment Portfolio) (11.0%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.6%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (2.8%)
  • The Vanguard Group, Inc. (0.9%)
  • PPFAS Asset Management Private Ltd. (0.8%)
  • SBI Funds Management Pvt Ltd. (0.8%)
  • BlackRock Fund Advisors (0.5%)
  • ICICI Prudential Asset Management Co. Ltd. (0.4%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.2%)

Contact Details

  • Website:http://www.coalindia.in
  • Address: Coal Bhawan, Premises No.-04 MAR, Plot No-AF-III, Action Area-1A, Kolkata, 700156, India
  • Phone: +91.33.23245555

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Competitors

  • Peabody Energy Corporation
Last Updated on 4 Oct, 2022

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