One of the biggest coal mining corporations in the world, Coal India Limited meets roughly 80% of India’s domestic coal needs. The business has played a significant role in India’s energy industry by supplying steel factories, power plants, and other industries with coal. Investors and analysts have kept a close eye on the company’s stock price because it is a good indicator of its financial standing and future prospects. The share price target for Coal India Ltd. from 2023 to 2030 will be examined in this article, taking into account the company’s financial performance, market trends, and macroeconomic factors. The dangers and opportunities that can affect the stock price of the company in the upcoming years will also be covered.
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Contents
HOW TO BUY COAL INDIA SHARES?
You have the option to purchase Coal India shares through various trading platforms, which include:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
COAL INDIA IN RECENT NEWS
- 10 stocks to mitigate share price volatility: Coal India and ITC among them.
- Coal India has embarked on a mission to secure vital mineral assets, including Lithium, Cobalt, and Nickel, from overseas suppliers.
- Impressively, within a brief four-month period, Coal India has already fulfilled one-third of its production target for the fiscal year 2024.
COAL INDIA SHARE PRICE TARGET 2023
| COAL INDIA SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹344.18 | ₹264.75 |
| October 2023 | ₹327.79 | ₹252.15 |
| November 2023 | ₹360.57 | ₹277.36 |
| December 2023 | ₹403.84 | ₹310.64 |
Coal India Ltd’s share price is expected to show an upward trend in 2023. The company’s share price is predicted to range between ₹344.18 and ₹403.84, with a maximum price of ₹403.84 in December 2023. This indicates a bullish outlook for the stock, with a potential growth percentage of up to 132% from the minimum price. The company’s share price is expected to experience an uptrend in the later months of the year, with October and November being significant months where the stock price could reach ₹327.79 and ₹360.57, respectively. Overall, this suggests that Coal India Ltd’s share price has the potential to deliver strong returns for investors in 2023. However, it’s important to note that these predictions are based on various factors and there could be fluctuations due to market conditions, macroeconomic factors, and other unforeseen events.
COAL INDIA SHARE PRICE TARGET 2024
| COAL INDIA SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹425.09 | ₹328.02 |
| February 2024 | ₹477.63 | ₹398.02 |
| March 2024 | ₹502.77 | ₹408.75 |
| April 2024 | ₹457.06 | ₹351.59 |
| May 2024 | ₹380.89 | ₹292.99 |
| June 2024 | ₹457.06 | ₹351.59 |
| July 2024 | ₹388.50 | ₹301.16 |
| August 2024 | ₹427.35 | ₹339.17 |
| September 2024 | ₹448.72 | ₹345.17 |
| October 2024 | ₹527.91 | ₹406.08 |
| November 2024 | ₹554.30 | ₹426.39 |
| December 2024 | ₹565.39 | ₹434.91 |
Coal India Ltd’s share price is expected to show a positive trend in 2024. The company’s share price is predicted to range between ₹292.99 and ₹1037.03, with a maximum price of ₹328.02 in January 2024. However, it’s important to note that the maximum price in January is an outlier, and the share price is expected to experience fluctuations in the remaining months of the year. Overall, the share price target for 2024 indicates a potential growth percentage of up to 170% from the minimum price. The company’s share price is expected to reach its highest in November and December, where the stock price could reach ₹554.30 and ₹565.39, respectively. It’s important to remember that these predictions are based on various factors, and the stock price could fluctuate due to market conditions, economic indicators, and other unforeseen events. Nonetheless, the positive outlook for Coal India Ltd’s share price target in 2024 suggests that the company could be a good investment opportunity for investors looking to diversify their portfolios.
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COAL INDIA SHARE PRICE TARGET 2025
| COAL INDIA SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹576.70 | ₹443.61 |
| February 2025 | ₹607.05 | ₹466.96 |
| March 2025 | ₹637.40 | ₹490.31 |
| April 2025 | ₹569.11 | ₹437.78 |
| May 2025 | ₹517.37 | ₹397.98 |
| June 2025 | ₹569.11 | ₹437.78 |
| July 2025 | ₹542.01 | ₹416.93 |
| August 2025 | ₹564.59 | ₹434.30 |
| September 2025 | ₹592.82 | ₹456.02 |
| October 2025 | ₹628.39 | ₹483.38 |
| November 2025 | ₹672.38 | ₹517.21 |
| December 2025 | ₹685.82 | ₹527.56 |
The share price of Coal India Ltd is expected to continue its bullish trend in 2025, with the share price ranging between ₹397.98 and ₹685.82. The company’s share price is predicted to experience fluctuations in the year, with the maximum price of ₹685.82 in December 2025. The share price target for 2025 indicates a potential growth percentage of up to 73% from the minimum price. The stock price is expected to reach its highest in November, where the share price could reach ₹672.38. Additionally, the company’s share price target is expected to cross the ₹600 mark by October 2025, which indicates strong potential for growth and long-term investment. However, as with any investment, there are risks involved, and market conditions and other economic factors can impact the company’s share price. It’s important to conduct thorough research and analysis before making any investment decisions. Nonetheless, the positive outlook for Coal India Ltd’s share price target in 2025 suggests that the company has strong potential for growth and could be an attractive investment opportunity for investors looking to diversify their portfolios.
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COAL INDIA SHARE PRICE TARGET 2026 TO 2030
| COAL INDIA SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹480.08 | ₹336.05 |
| 2027 | ₹408.07 | ₹285.65 |
| 2028 | ₹734.52 | ₹514.16 |
| 2029 | ₹1,508.81 | ₹1,056.17 |
| 2030 | ₹1,680.27 | ₹1,176.19 |
The share price of Coal India Ltd is expected to continue its upward trend, with the share price ranging between ₹336.05 to ₹1,680.27 from 2026 to 2030. The year 2026 is predicted to be a relatively stable year for Coal India Ltd, with the share price ranging between ₹336.05 to ₹480.08. In 2027, the share price is expected to experience fluctuations, with the maximum price at ₹408.07.
The year 2028 indicates significant growth potential, with the share price predicted to range between ₹514.16 to ₹734.52. This indicates a potential growth percentage of up to 43% from the minimum price. The stock price is expected to reach its highest in 2029, where the share price could reach ₹1,508.81, indicating a growth percentage of up to 43% from the maximum price in 2028. In 2030, the share price is expected to continue its upward trend, with the maximum price target predicted to reach ₹1,680.27, indicating a growth percentage of up to 43% from the maximum price in 2029.
FINANCIAL STRENGTH OF COAL INDIA LTD (2019 TO 2023)
| Year | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 TTM |
|---|---|---|---|---|---|
| Sales (TTM) | 99,586 | 96,080 | 90,026 | 109,715 | 138,252 |
| Operating Profit (TTM) | 25,007 | 21,581 | 18,628 | 24,721 | 36,810 |
| Other Income (TTM) | 5,834 | 6,444 | 3,742 | 3,866 | 6,551 |
| Net Profit (TTM) | 17,464 | 16,700 | 12,702 | 17,378 | 28,125 |
| EPS (TTM) | 28.34 | 27.12 | 20.61 | 28.17 | 45.70 |
| Dividend Payout % | 46% | 44% | 78% | 60% | 53% |
Over the five-year period from March 2019 to March 2023, the company’s financial performance has exhibited both fluctuations and remarkable growth. Sales have steadily increased from 99,586 units in March 2019 to an impressive 138,252 units in March 2023, marking a substantial rise. This growth is further emphasized by the upward trajectory in operating profit, which climbed from 25,007 units in March 2019 to 36,810 units in March 2023.
One notable aspect of the company’s financial journey is the dip in performance observed in March 2021, where sales, operating profit, and net profit experienced a temporary decline. However, this setback appears to be short-lived, as the subsequent years witnessed a remarkable recovery and expansion. The earnings per share (EPS) also reflect this pattern, starting at 28.34 units in March 2019, dipping to 20.61 units in March 2021, and then soaring to 45.70 units in March 2023.
Another key indicator to consider is the dividend payout percentage, which reached its highest point at 78% in March 2021. This high payout percentage indicates a significant allocation of profits to shareholders. However, it subsequently decreased to 53% in March 2023, suggesting a shift towards retaining more earnings for potential future growth and investment opportunities.
In conclusion, the company’s financial performance over the five-year period demonstrates resilience and adaptability. Despite temporary setbacks in 2021, the company rebounded impressively, achieving substantial growth in sales, profits, and EPS. The decrease in the dividend payout percentage in recent years suggests a strategic focus on reinvestment in the business. Overall, the data reflects a positive outlook for the company’s financial health and its ability to navigate changing market conditions effectively.
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POINTS TO NOTE WHILE INVESTING IN COAL INDIA LTD SHARES:
- The company is nearly debt-free.
- The stock offers an attractive dividend yield of 8.60%.
- The company has achieved impressive profit growth at a CAGR of 31.9% over the past 5 years.
- It boasts a strong track record of return on equity (ROE), with a 3-year ROE of 46.8%.
- The company consistently maintains a healthy dividend payout ratio of 63.7%.
- Improvements have been made in debtor days, decreasing from 50.6 to 34.5 days.
- There has been a decrease in promoter holding over the last quarter, with a decrease of -3.00%.
- However, the company has experienced relatively slow sales growth, with only a 10.2% increase over the past five years.
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- The company also has significant contingent liabilities amounting to Rs. 70,889 Cr.
COAL INDIA LTD SHARE PRICE TARGET BY EXPERTS:
- Sharekhan holds a positive view on Coal India’s stock and advises investors to purchase it, with a target price of Rs 270.
- Motilal Oswal expresses optimism about Coal India and recommends investing in the stock, with a target price of Rs 285.
- ICICI Direct recently suggested buying Coal India shares, setting a price target of Rs 275.
- JP Morgan has increased its projected price for Coal India to Rs 290, reflecting their confidence in the company’s growth prospects.
FAQ’s
The maximum share price target of Coal India in 2028 is Rs. 734.52
The maximum share price target of Coal India in 2029 is Rs. 1508.81
The maximum share price target of Coal India in 2030 is Rs. 1680.72
CONCLUSION: COAL INDIA LTD
Coal India Ltd. has demonstrated a favourable trend in the increase of its overall income during the last five years. The pace of revenue growth has been generally favourable, and in FY2022 compared to the prior year, it increased significantly. The company’s PAT growth rate, though, has fluctuated, with a sizable fall in FY2021, then a noticeable gain in FY2022.Considering the expert views and the provided data, the company appears to have several strengths, including its near debt-free status, robust profit growth, healthy dividend yield, and a track record of strong return on equity. However, there are some areas of concern, such as the recent decrease in promoter holding and modest sales growth over the past five years. Additionally, the substantial contingent liabilities raise questions about the company’s financial obligations. Investors should carefully weigh these factors and conduct further due diligence before making investment decisions.
Also, the business’ operating profit margin has consistently outperformed its net profit margin, a sign that its running costs are rather high. Yet, over the past five years, the operating profit margin has been progressively rising, pointing to an improvement in the business’ operational efficiency.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.