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Coal India Share Price

NSE Symbol: COALINDIA | BSE Code: 533278


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Information about Coal India:

The Government of India controls coal India. It is a Maharatna company and the world's largest producer of coal. About 82% of the fuel produced in India comes from Coal India. In 2010, only about ten percent of the company's shares were initially offered to the public for sale. The price of the shares was inclined by 40% more than the actual IPO price. In early 2015, the company has offered a further 10% of the shares for sale to the public.

History of Coal India:

Initially, all coal mining in India was privatized. The GoI then established a company that was known as the NCDC to have better control over the resource to ensure rapid industrialization. Then, slowly, the Government of India began to nationalize coal mines in the country. At one point, all coking coal mines were controlled by Bharat Coking Coal Limited (BCCL) and all non-coking coal mines were regulated by the Coal Mines Authority. To combine all coal sources for better coal resource management, the Government of India has created a new company. In 1975, Coal India Limited (CIL) was established.

Management of the Company:

The Chairman and MD, of the company, is Mr. Gopal Singh. The company has four Directors—Mr. S N Prasad for Marketing, Mr. Chandan Kumar Dey for Finance, Mr. Ram Prakash Srivastava for P & IR and Mr. Binay Dayal for Technical. The company also has 2 Government Nominee Directors, seven Independent Directors. In addition to these people, there are three permanent invitees to the Board.

Market Capitalization:

As of March 2018, Coal India has a market capitalization of around Rs.173,000 cr.

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Wealth and Recent Performance:

According to the results for the Q3 of the fiscal year ending 2017–2018, the total income of Coal India rose from Rs.18,759.01 crore in the second quarter too, Rs.22,484.14 crore in the Q3. The total expenses of Coal India increased from Rs.17,732.60 crore in the second quarter of the fiscal year 2018 to Rs.17,873.93 in the Q3 of the same year.

The profit before tax for the Q3 of Financial Year 2018 was Rs.4,610.21 crore. For the previous quarter, the profit before tax was Rs.1,026.41 crore. The profit before tax for the Q3 of FY17 was Rs.4,157.48 crore.

The profit for the third quarter of FY18 was Rs.3,004.79 crore, which was almost a ten-fold increase from Rs.368.88 crore in the previous quarter. The gain of Rs.3,004.79 crore was higher than the profit for the third quarter of the FY17 at Rs.2,883.27 crore.

The stock trend in 2018:

In January 2018, Coal India's stock began trading at about Rs.266. The stock gained steadily throughout the first two weeks with a high of about Rs.309. The stock dipped and won again to end the month at about Rs.299 with a profit of over Rs.30.

In March 2018, the stock price opened at about Rs.312 and dipped after that. For the first week of March, the stock did not go below Rs.300, but by the second week, it had fallen below Rs.300, and it closed for the second week of March at about Rs.278. It was a significant dip in price from the price at the beginning of the month.

Why Should You Invest in CIL?

The opening share price on the first day of trading of Coal India was Rs.291, and the closing price was Rs.342.

In 2011, the company was the most valued company of India.

In India, there are 101 coal mines, and Coal India supplies 98 of them.

Since about 70% of India's power is generated through coal, the demand for coal will increase.

In coal production, the company has crossed the half-a-billion tonne mark and shown an increase in profits from FY17 to FY18.

The company has paid out dividends which implies that it could be an excellent long-term investment.

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.

Get your free Credit report that cost  Rs 1200  for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Get your free Credit report that cost  Rs 1200  for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs