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COALINDIA Share Price Target
Coal India Ltd.
Sector: Mining
Sector: Mining
COALINDIA Share Price *
192.5 -5.1 (-2.58%)
* (quote may be delayed)
COALINDIA Share Price Forecast - Consensus
| No. of reports in last year | 21 |
| No. of analysts | 6 |
| Average Consensus Forecast | 269.48 |
| Consensus Potential | 24.30% |
COALINDIA Share Price Target - Broker Reports - 2019
Motilal Oswal
9-Sep-19
Price @ Call: 198.5
Target: 264
BUY
We highlight India’s divergence from other major coal-consuming economies (US, China) in terms of coal consumption. In our view, from India’s standpoint, coal is here to stay, despite increasing renewable generation (unless storage technology develops). At current price, COAL’s market cap = 12 years of its discounted FCF. We reiterate our Buy rating with a TP of INR264 (36% upside).
Edelweiss
3-Sep-19
Price @ Call: 183.17
Target: 235
BUY
Production woes likely over; maintain ‘BUY’. We expect CIL’s production/offtake volume to show an uptick Q3FY20 onwards mainly due to a pick-up in business at MCL and SECL. While BCCL remains a concern, we do not believe our FY20E offtake of 638mt is at risk. Maintain ‘BUY/SO’with a TP of INR235/share. The stock is trading at 6.8x FY21E EPS.
Edelweiss
16-Aug-19
Price @ Call: 201.03
Target: 235
BUY
We believe that CIL will achieve production growth of 4.5% YoY in FY20E driven by a
spurt in H2FY20. FSA realisation too is likely to be stable as more coal is being diverted
to the non-power segment (which fetches a premium). Maintain ‘BUY/SO’ with an
unchanged TP of INR235 on December 2020E EPS, implying an exit 8.5x FY21E EPS.
spurt in H2FY20. FSA realisation too is likely to be stable as more coal is being diverted
to the non-power segment (which fetches a premium). Maintain ‘BUY/SO’ with an
unchanged TP of INR235 on December 2020E EPS, implying an exit 8.5x FY21E EPS.
Prabhudas Lilladher
14-Aug-19
Price @ Call: 204.2
Target: 235
ACCUMULATE
Marginally short of estimates; Beaten down valuations drive upgrade
Stock has fallen sharply due to unabated stock supply by Govt of India and weak operational performance. This has made stock attractive on valuations with EV/EBITDA of 3.0x and P/E of 6.3x FY20E. Hence, we upgrade the stock to Accumulate with TP of Rs235.
Stock has fallen sharply due to unabated stock supply by Govt of India and weak operational performance. This has made stock attractive on valuations with EV/EBITDA of 3.0x and P/E of 6.3x FY20E. Hence, we upgrade the stock to Accumulate with TP of Rs235.
Motilal Oswal
13-Aug-19
Price @ Call: 207.44
Target: 278
BUY
The stock trades attractively at ~3x FY20E EV/adj. EBITDA (v/s historical average of 7x), P/E of 7-8x (v/s average of ~14x) and offers dividend yield of ~9-10%. We value the stock on 4.5x (v/s 5x earlier) FY20E EV/EBITDA at INR278/share. Maintain Buy.
ICICIdirect.com
18-Jun-19
Price @ Call: 255.2
Target: 275
HOLD
Coal India has guided for sales volume growth of 8.7% during FY20E. However, for the first couple of months of FY20, CIL’s production has witnessed a flattish trend. Hence, going forward, the trend of CIL’s volumegrowth is likely to remain a key monitorable. We keep intact our estimates and maintain our HOLD rating on the stock with a target price of Rs 275.
Motilal Oswal
18-Jun-19
Price @ Call: 258.94
Target: 310
BUY
We expect average e-auction realizations to decline by ~INR400/t in FY20 on the back of higher domestic availability and lower international coal prices. However, high natural attrition should continue driving operating efficiencies. This, along with continued growth in volumes (our est. 5-6%), is likely to drive 5% EPS CAGR over FY19-21 – despite the high base of FY19. We note that COAL’s FY19 EBITDA has doubled from FY17 levels. Despite this, the stock has witnessed significant de-rating over the last 2-3 years. The stock trades attractively at ~4x FY20E EV/adj. EBITDA (v/s historical average of 7x), P/E of 8-9x (v/s average of ~14x) and offers a dividend yield of ~8%. We value the stock on 5x FY20E EV/EBITDA at INR310. Maintain Buy.
HDFC Securities
4-Jun-19
Price @ Call: 260.55
Target: 199
SELL
COAL needs to spend c40+% (FY15-21E) of OCF on capex, yet EBIT growth is mainly driven by price hikes. COAL is a cash (dividend) cow as it pays all FCF after capex as dividends. In our view, this is the only benefit that minority shareholders get. We thus believe a realistic way to value COAL is to focus on its dividend paying potential, hence we use DDM to value COAL. We maintain our SELL rating on COAL with a TP of Rs199.
Prabhudas Lilladher
31-May-19
Price @ Call: 253.19
Target: 265
HOLD
Volumes growth continued to remain weak due to structural issues related toland acquisition, logistics and statutory clearances. Volumes for Apr’19 grewby 2.6% YoY, however, we factor in 5.3%/5.5% growth in FY20e/FY21e. Given the weak outlook on volumes and deteriorating B/S (resulting in dividend cuts), we reiterate Hold with TP of Rs265, P/E of 9.8x FY21E.
Edelweiss
4-Apr-19
Price @ Call: 235.05
Target: 243
HOLD
Motilal Oswal
21-Feb-19
Price @ Call: 215.3
Target: 281
BUY
ICICIdirect.com
15-Feb-19
Price @ Call: 217
Target: 225
HOLD
HDFC Securities
14-Feb-19
Price @ Call: 220.3
Target: 199
SELL
Prabhudas Lilladher
13-Feb-19
Price @ Call: 222.4
Target: 250
NEUTRAL
Motilal Oswal
13-Feb-19
Price @ Call: 222.95
Target: 338
BUY
Motilal Oswal
8-Jan-19
Price @ Call: 234.31
Target: 338
BUY
Edelweiss
3-Jan-19
Price @ Call: 237
Target: 325
BUY
COALINDIA Share Price Target - Broker Reports - 2018
Prabhudas Lilladher
26-Dec-18
Price @ Call: 248.4
Target: 270
HOLD
HDFC Securities
19-Dec-18
Price @ Call: 252.25
Target: 199
SELL
Prabhudas Lilladher
13-Nov-18
Price @ Call: 264.05
Target: 330
BUY
Centrum
12-Oct-18
Price @ Call: 276.43
Target: 365
BUY
Edelweiss
5-Sep-18
Price @ Call: 274.91
Target: 325
BUY
ICICIdirect.com
17-Aug-18
Price @ Call: 282.45
Target: 300
HOLD
Motilal Oswal
13-Aug-18
Price @ Call: 276
Target: 345
BUY
Prabhudas Lilladher
13-Aug-18
Price @ Call: 276
Target: 340
BUY
Edelweiss
2-Aug-18
Price @ Call: 270.3
Target: 325
BUY
Edelweiss
12-Jul-18
Price @ Call: 265.25
Target: 325
BUY
Prabhudas Lilladher
1-Jun-18
Price @ Call: 294.5
Target: 340
BUY
Edelweiss
31-May-18
Price @ Call: 295.54
Target: 325
HOLD
Motilal Oswal
30-May-18
Price @ Call: 282.15
Target: 394
BUY
Motilal Oswal
27-Apr-18
Price @ Call: 286.78
Target: 397
BUY
JM Financial
2-Apr-18
Price @ Call: 278.07
Target: 350
BUY
Reliance Securities
26-Feb-18
Price @ Call: 313.19
Target: 339
BUY
Motilal Oswal
22-Feb-18
Price @ Call: 310.9
Target: 401
BUY
Prabhudas Lilladher
12-Feb-18
Price @ Call: 300.45
Target: 365
BUY
Motilal Oswal
11-Feb-18
Price @ Call: 300.15
Target: 401
BUY
ICICIdirect.com
9-Jan-18
Price @ Call: 287.85
Target: 330
HOLD
Prabhudas Lilladher
9-Jan-18
Price @ Call: 287.85
Target: 365
BUY
COALINDIA Share Price Target - Broker Reports - 2017
Motilal Oswal
20-Dec-17
Price @ Call: 270.22
Target: 335
BUY
Reliance Securities
17-Nov-17
Price @ Call: 271.59
Target: 301
BUY
HDFC Securities
14-Nov-17
Price @ Call: 276.1
Target: 305
BUY
Motilal Oswal
13-Nov-17
Price @ Call: 284.65
Target: 335
BUY
Motilal Oswal
2-Nov-17
Price @ Call: 290.87
Target: 335
BUY
Motilal Oswal
11-Oct-17
Price @ Call: 285.5
Target: 335
BUY
Reliance Securities
26-Sep-17
Price @ Call: 256.95
Target: 301
BUY
Motilal Oswal
11-Sep-17
Price @ Call: 254.45
Target: 305
BUY
Reliance Securities
5-Sep-17
Price @ Call: 246.4
Target: 301
BUY
HDFC Securities
23-Aug-17
Price @ Call: 240.05
Target: 300
BUY
Reliance Securities
23-Aug-17
Price @ Call: 240.05
Target: 301
BUY
Motilal Oswal
17-Aug-17
Price @ Call: 237.05
Target: 275
BUY
Edelweiss
16-Aug-17
Price @ Call: 238.65
Target: 285
BUY
Reliance Securities
6-Jun-17
Price @ Call: 263
Target: 301
BUY
ICICIdirect.com
5-Jun-17
Price @ Call: 266
Target: 280
HOLD
Edelweiss
29-May-17
Price @ Call: 267
Target: 295
BUY
Motilal Oswal
2-May-17
Price @ Call: 275
Target: 335
BUY
Investment Imperative
18-Apr-17
Price @ Call: 285.8
Target: 261
SELL
Motilal Oswal
18-Apr-17
Price @ Call: 279
Target: 335
BUY
Centrum
14-Feb-17
Price @ Call: 321
Target: 355
BUY
ICICIdirect.com
14-Feb-17
Price @ Call: 317
Target: 360
BUY
HDFC Securities
13-Feb-17
Price @ Call: 325
Target: 369
BUY
Edelweiss
13-Feb-17
Price @ Call: 321
Target: 360
BUY
Religare
10-Feb-17
Price @ Call: 324.5
Target: 345
BUY
ICICIdirect.com
16-Jan-17
Price @ Call: 314
Target: 360
BUY
COALINDIA Share Price Target - Broker Reports - 2016
ICICIdirect.com
15-Dec-16
Price @ Call: 292
Target: 340
BUY
Edelweiss
14-Dec-16
Price @ Call: 292
Target: 340
BUY
Reliance Securities
25-Oct-16
Price @ Call: 320.1
Target: 346
BUY
Kotak Securities
30-Sep-16
Price @ Call: 327.3
Target: 315
REDUCE
Centrum
19-Sep-16
Price @ Call: 327.65
Target: 375
BUY
Religare
14-Sep-16
Price @ Call: 324.2
Target: 350
BUY
Edelweiss
14-Sep-16
Price @ Call: 324
Target: 351
BUY
Motilal Oswal
14-Sep-16
Price @ Call: 331
Target: 350
NEUTRAL
Motilal Oswal
1-Sep-16
Price @ Call: 333
Target: 370
BUY
Edelweiss
31-Aug-16
Price @ Call: 334
Target: 367
BUY
Powermywealth.com
13-Jul-16
Price @ Call: 321.65
Target: 365
HOLD
Edelweiss
1-Jun-16
Price @ Call: 297
Target: 349
BUY