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State-owned monopoly and the world's largest coal-mining company, supplying most of India's thermal coal for power generation.
State-owned monopoly and the world's largest coal-mining company, supplying most of India's thermal coal for power generation.
Sells most of its coal to power plants under long-term supply agreements at notified prices, with the rest sold through auctions at premiums to those prices. The government owns most of the shares, so output targets and priorities follow national energy policy. It mines most of the coal produced in India.
In one line: A state-owned US Peabody Energy.
Moat: wide (scale, regulatory licence, state ownership). A state-controlled near-monopoly over domestic coal mining with vast reserves and government-linked pricing.
Headquarters: Kolkata, India · Founded: 1975 · Employees: 214,333
Size Coal India (COALINDIA.NS) is an India Materials company (Coal) with a market value of $26.1B, the 34th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹400.00 on 6 Nov 2026.
Performance Over six months the shares fell 14.3%, against -8.4% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 14 in its peer set.
Growth Revenue grew 23.1% over the last twelve months (peer median +19.7%); the operating margin is 19.0% (peer median 18.8%).
Valuation It trades at 7.2× forward earnings against a peer median of 13.7× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.1 points above its cost of capital (11.0% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.72T | ₹1.68T | ₹1.69T | ₹1.45T | ₹1.38T |
| Revenue growth | — | 0% | +17% | +5% | — |
| Gross profit | ₹725B | ₹687B | ₹720B | ₹501B | ₹439B |
| EBITDA | ₹426B | ₹428B | ₹494B | ₹487B | ₹450B |
| Net income | ₹334B | ₹311B | ₹355B | ₹374B | ₹318B |
| Free cash flow | n/a | ₹344B | ₹194B | ₹44.5B | ₹241B |
| Capital expenditure | n/a | ₹125B | ₹143B | ₹168B | ₹153B |
| Total debt | ₹157B | ₹141B | ₹91.5B | ₹65.2B | ₹43.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Coal India COALINDIA.NS | $26.1B | -14% | +23% | 19% | 7.2× | -9.0% |
| Adani Enterprises ADANIENT.NS | $39.3B | +9% | +37% | 8% | 50.6× | n/a |
| NLC India NLCINDIA.NS | $3.50B | -28% | +17% | 18% | 9.9× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | COALINDIA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | +1.6% | 3rd lowest of 15 |
| 6-month return | -14.3% | -8.4% | 3rd lowest of 14 |
| Distance from 52-week high | -18.6% | -18.1% | 6th lowest of 15 |
| Revenue growth (TTM) | +23.1% | +19.7% | 6th highest of 14 |
| Operating margin | 19.0% | 18.8% | 7th highest of 14 |
| Forward P/E | 7.2× | 13.7× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -9.0% | 11.0% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +13.3% | +11.7% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | -22.3 pp | +1.1 pp | least demanding of 10 |
| ROIC minus cost of capital | +21.1 pp | +4.2 pp | 3rd highest of 15 |
| EV / EBITDA | 4.5× | 11.0× | 2nd cheapest of 14 |
| Net debt / EBITDA | -1.3× | 1.0× | least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Coal India COALINDIA.NS | India | $26.1B | -14% | +23% | 19% | 7.2× | -9.0% | +13.3% |
| Asian Paints ASIANPAINT.NS | India | $25.9B | +1% | +12% | 16% | 47.5× | 37.3% | +10.6% |
| Hindustan Zinc HINDZINC.NS | India | $25.4B | -11% | +57% | 51% | 11.8× | 1.4% | +11.7% |
| Tata Steel TATASTEEL.NS | India | $24.6B | -14% | +11% | 9% | 14.0× | 8.7% | +8.2% |
| Hindalco Industries HINDALCO.NS | India | $22.7B | -9% | +20% | 11% | 8.6× | n/a | n/a |
| JSW Steel JSWSTEEL.NS | India | $35.1B | +6% | +14% | 13% | 18.5× | 21.1% | +18.4% |
| Solar Industries India SOLARINDS.NS | India | $17.8B | +17% | +53% | 25% | 64.6× | n/a | n/a |
| Pidilite Industries PIDILITIND.NS | India | $17.0B | +9% | +17% | 21% | 56.8× | 40.3% | +14.9% |
| Vedanta Aluminium Metal VAML.NS | India | $15.6B | n/a | n/a | n/a | 6.7× | n/a | n/a |
| Jindal Steel JINDALSTEL.NS | India | $12.6B | -7% | +26% | 10% | 21.2× | n/a | n/a |
| Vedanta VEDL.NS | India | $10.8B | -14% | -37% | 28% | 6.0× | -9.5% | -3.1% |
| Lloyds Metals & Energy LLOYDSME.NS | India | $10.6B | +3% | +171% | 33% | 13.4× | n/a | n/a |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% | +13.5% |
| Steel Authority of India SAIL.NS | India | $7.49B | -8% | +9% | 8% | 8.9× | 11.0% | +9.9% |
| NMDC NMDC.NS | India | $6.55B | -22% | +27% | 27% | 7.4× | 5.2% | +15.8% |