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COALINDIA Share Price Target

Coal India Ltd.
Sector: Mining
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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

  • COALINDIA - Share Price Target Potential

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    BrokerageTargetPotential
    Motilal Oswal26425.15%
    Edelweiss23515.91%
    Prabhudas Lilladher23515.91%
    ICICIdirect.com27528.15%
    HDFC Securities1990.70%