Espresso Shot of the Day - Coal India Ltd up by 5.54 percent


Espresso Shot of the Day - Coal India Ltd up by 5.54 percent

February 09, 2022
Espresso Shot of the Day - Coal India Ltd up by 5.54 percent

COAL INDIA LTD 168.70  (+5.54%) BSE – INE522F01014 | Feb 9, 2022

Coal India Limited (CIL) the state owned coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception, CIL today is the single largest coal producer in the world and is one of the largest corporate employers with a manpower of 272445 (as on 1st April, 2020). CIL functions through its subsidiaries in 84 mining areas spread over eight (8) states of India. Coal India Limited has 352 mines (as on 1st April 2020) of which 158 are underground, 174 open cast and 20 mixed mines. CIL further operates 12 coal washeries, (10 coking coal and 2 non-coking coal) and manages other establishments like workshops, hospitals, and so on. CIL has 26 training Institutes and 84 Vocational Training Centres. Indian Institute of Coal Management (IICM) as a state-of-the-art Management Training ‘Centre of Excellence’ – the largest Corporate Training Institute in India - operates under CIL and conducts multi -disciplinary programmes. CIL is a Maharatna company - a privileged status conferred by the Government of India to select state owned enterprises in order to empower them to expand their operations and emerge as global giants. The select club has only ten members out of more than three hundred Central Public Sector Enterprises in the country.

Recent Drivers

  • On Feb 4, 2022, CIL planned to directly export its output to neighboring countries.
  • On Feb 1, 2022, Coal India decided that it will award work contracts up to Rs.1 crore to support the livelihood of people who will be displaced due to land acquisition for mining projects.
  • On Feb 1, 2022, Coal India Ltd’s (CIL) supplies to power plants increased by nearly 23% at 441.4 million tonnes during April-January of FY-22 as compared to 358.2 million tonnes same period last year. 
  • On Dec 29, 2021, The Company appointed S. K. Mehta, GM (Finance), as CFO of the company.
  • On Nov 29, 2021, the company approved an Interim Dividend of Rs.9 /- per share.  
  • On Nov 12, 2022, the company reported a profit after tax (PAT) of Rs.2, 933 crores.
 (Sources:,  Business standard, Moneycontrol, BSE )

Technical Force*

  • S&P BSE 100 month till date gain up by 0.78%
  • Spurt in Volume by more than 3.07 times compare to previous vol. 3 months avg. volume: 656,879
  • Quantity traded: 11, 81,781 | Deliverable quantity: 2, 81,264 (23.80%)
  • Stock price has jumped more than 35% from one-year-low level: 123.45 (Apr 19, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 203.85 | 52-week-low: 123.45

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Some Key Ratios (Source: BSE)

Market Cap:  1,04,718.99 Crores

PE: 11.09

OPM%: 555.88

ROE%: 57.29

Promoters holding%: 66.13

Prev. Close: 159.85

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.