Coal India Limited or CIL is an Indian coal mining corporation under the ownership of the Ministry of Coal and the Government of India. The company engages in the production and sale of coal and provides services to the power and steel, cement and fertilisation sectors, etc.
It is headquartered in Kolkata, India, andis the largest coalproducer globally. Today, the Bombay Stock Exchange has assigned the number 533278 and the National Stock Exchange a scrip code COALINDIA to Coal Indiashare.With this glimpse of the company,understand its strengths, weaknesses, and growth opportunities that let youknow the subject better.
Strengths
- The company has healthy dividend pay-out
- Coal India Limited has low debts, making it a promising company to invest in.
- The book value per Coal India share price has improved in two years.
- It is azero-promoter pledge company.
Weaknesses
- Its annual net profit has also declined in the last two years.
- After reporting EBITDA margin of ~25% in FY19, Coal India’s EBITDA margins witnessed a softening trend at ~21-22% during both FY20 as well as FY21.
Opportunities
- It has positive breakout third resistance (LIP > R3)
- It is a stock with low PE (PE < = 10)
- The RSI indicates the strength of CoalIndia share price
Should you invest in it?
The Coal India share price NSE has sustainedin the pressured market and recently provided an excellent dividend per share. Thecoal price has seen a significant rise in the international market. Thus, there would be an upward revision in the share prices in stock market.
For disclaimer and detailed report, click here:
https://www.icicidirect.com/mailimages/IDirect_CoalIndia_Q3FY22.pdf
