Coal India Share Price Target 2023 to 2030

Share of Coal India is currently trading at around Rs.235/- Existing as well as prospective investors are asking for Coal India Share Price Target  from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of Coal India and based on our discussion and analysis will tell you the Coal India Share Price Target from 2023 to 2030. 

Following are the frequently asked questions by the existing as well as prospective investors, about Coal India Limited :

• Is Coal India a good buy now?
• Can I invest in Coal India?
• What is the target of Coal India share 2023?
• What is the target of Coal India 2025?

Discussion & Analysis of Business & Financial performance of Coal India Limited :

Coal India Limited (CIL) is the largest coal-producing company in the world, accounting for nearly 80% of India’s total coal output. The company was founded in 1975 as a state-owned enterprise and has since then become a public limited company. CIL is responsible for mining and supplying coal to various power plants, steel mills, and other industrial customers across India.

Business Performance: CIL’s business performance has been consistent over the years. In 2020-21, the company produced 596.2 million tonnes (MT) of coal, which is a decline of 5.4% compared to the previous year. The company’s sales were also down by 3.1% at 573.8 MT. The decrease in production and sales was primarily due to the COVID-19 pandemic and the subsequent lockdowns, which led to lower demand for coal.

In the first quarter of 2021-22, CIL’s production and sales improved significantly. The company produced 156.8 MT of coal, which is a growth of 37.1% compared to the same period last year. The sales also increased by 42.3% at 153.4 MT. The increase in production and sales can be attributed to the easing of COVID-19 restrictions and the rise in demand for coal from various sectors.

Financial Performance: CIL’s financial performance has been strong over the years, with consistent revenue growth and healthy profitability margins. In 2020-21, the company’s revenue stood at INR 83,199 crore, which is a decline of 13.4% compared to the previous year. The decline in revenue was due to the lower sales volume of coal.

Despite the decline in revenue, CIL’s profitability remained healthy in 2020-21. The company’s profit after tax (PAT) stood at INR 12,135 crore, which is a decline of 24.4% compared to the previous year. The decline in PAT was due to the decrease in revenue and higher employee benefit expenses.

CIL’s financial performance has improved significantly in the first quarter of 2021-22. The company’s revenue grew by 68.3% to INR 25,998 crore, compared to the same period last year. The increase in revenue was primarily due to the rise in coal sales. The company’s PAT also grew by 51.7% to INR 4,626 crore, compared to the same period last year.

CIL’s financial position is also strong, with a healthy cash balance and low debt levels. As of March 31, 2021, the company’s cash and bank balance stood at INR 38,578 crore, while its total debt stood at INR 23,176 crore. The company’s debt-to-equity ratio is low, indicating that the company has a strong financial position.

Conclusion: In conclusion, CIL’s business and financial performance have been consistent over the years, with healthy profitability margins and strong financial position. The company’s performance was affected by the COVID-19 pandemic in 2020-21, but it has since then recovered significantly in the first quarter of 2021-22. CIL’s future performance will depend on the demand for coal from various sectors, as well as the government’s policies and regulations related to coal mining and production.

Coal India Share Price Target 2023

Based on the above discussion and analysis, the share price of Coal India  may touch the level of around Rs.250-275 in 2023.

Coal India Share Price Target 2024

Based on the above discussion and analysis, the share price of Coal India  is likely to touch the level of around Rs.300-325 in 2024

Coal India Share Price Target 2025

Based on the above discussion and analysis, the share price of Coal India  is likely to remain in the range of Rs.350-375 in 2025.

Coal India Share Price Target 2026

Based on the above discussion and analysis, the share price of Coal India   may touch the level of around Rs.400-425 in 2026.

Coal India Share Price Target 2027

Based on the above discussion and analysis, the share price of Coal India   is likely to touch the level of around Rs.450-475 in 2027

Coal India Share Price Target 2028

Based on the above discussion and analysis, the share price of Coal India     is likely to remain in the range of Rs.500-525 in 2028

Coal India Share Price Target 2029

Based on the above discussion and analysis, the share price of  Coal India  is likely to touch the level of around Rs.550-575 in 2029

Coal India Share Price Target 2030

Based on the above discussion and analysis, the share price of Coal India is likely to remain in the range of Rs.600-650 in 2030

Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.

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