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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 2020 INRUSD
Revenue960,795.80M13,550.27M
Gross Profit233,750.60M3,296.62M
Operating income186,963.20M2,636.77M
Income before tax240,724.90M3,394.98M
Net income167,141.90M2,357.23M
EBITDA225,814.50M3,184.70M
Diluted EPS27.120.38
Dividends Per Share120.16
Total Assets1,500.21B19,830.67M
Total liabilities1,174.70B15,527.90M
Total equity321,383.50M4,248.22M
Operating cash flow75,351.60M1,062.69M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 777,344.70M 780,367.60M 851,634.50M 995,787.90M 960,795.80M
Gross Profit 200,099.10M 154,084.30M 105,215.70M 265,779.10M 233,750.60M
Operating income 166,344.50M 95,942.90M 62,349.30M 217,274M 186,963.20M
Income before tax 214,398M 144,463.30M 107,703.10M 271,288.70M 240,724.90M
Net income 142,668.30M 92,800.30M 70,385.60M 174,630.70M 167,141.90M
EBITDA 201,450.40M 128,795.90M 96,912.20M 254,290.90M 225,814.50M
Diluted EPS 22.59 14.80 11.33 28.13 27.12
Dividends Per Share 27.40 19.90 16.50 13.10 12
Total Assets 1,134.73B 1,185.50B 1,254.70B 1,330.21B 1,500.21B
Total liabilities 785,359M 936,866.30M 1,049.29B 1,061.58B 1,174.70B
Total equity 348,149.80M 244,982.80M 201,595.30M 264,362.70M 321,383.50M
Operating cash flow 181,680.60M 198,943.60M 232,312.80M 194,875.40M 75,351.60M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 11,873.14M 11,637.36M 13,210.58M 14,237.19M 13,550.27M
Gross Profit 3,056.30M 2,297.80M 1,632.11M 3,799.95M 3,296.62M
Operating income 2,540.74M 1,430.76M 967.16M 3,106.45M 2,636.77M
Income before tax 3,274.71M 2,154.33M 1,670.69M 3,878.72M 3,394.98M
Net income 2,179.11M 1,383.90M 1,091.82M 2,496.76M 2,357.23M
EBITDA 3,076.94M 1,920.69M 1,503.30M 3,635.70M 3,184.70M
Diluted EPS 0.34 0.22 0.17 0.40 0.38
Dividends Per Share 0.41 0.29 0.25 0.18 0.16
Total Assets 17,135.23M 18,256.81M 19,237.56M 19,201.94M 19,830.67M
Total liabilities 11,859.39M 14,427.75M 16,088.12M 15,324.21M 15,527.90M
Total equity 5,257.27M 3,772.73M 3,090.92M 3,816.13M 4,248.22M
Operating cash flow 2,774.98M 2,966.78M 3,603.64M 2,786.21M 1,062.69M

Valuation Measures

Mar 2020
PER5.16
ROA11.81%
ROE57.06%
Operating margin19.45%
Profit margin17.39%

Key executives

  • Chairman & Managing Director: Pramod Agrawal
  • Director & Finance Director: Sanjiv Soni
  • Director & Technical Director: Binay Dayal
  • Secretary & Compliance Officer: M. Viswanathan
  • Director & Director-Personnel Relations: Ram Prakash Srivastava

Shareholders

  • Government of India (65.6%)
  • Life Insurance Corp of India (11.0%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.6%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (3.0%)
  • ICICI Prudential Asset Management Co. Ltd. (1.1%)
  • The Vanguard Group, Inc. (0.8%)
  • SBI Funds Management Pvt Ltd. (0.6%)
  • BlackRock Fund Advisors (0.4%)
  • Aditya Birla Sun Life AMC Ltd. (0.4%)
  • Lazard Asset Management LLC (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

Related Companies

  • North Eastern Coalfields
  • Indian Aluminium Product Ltd.
  • Shree Balaji Coal Traders Ltd.
  • Coal India Africana Lda.
  • Eastern Mineral & Trading Agency 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

  • Peabody Energy Corporation
Last Updated on 27 Nov, 2020

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