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Coal India Limited (COALINDIA) Fair Value & Analysis

Energy · IN · Market cap ₹2.6T

CI Coal India Limited COALINDIA · NSE
Price₹415.60
Fair Value₹464.01
Upside+11.7%
Quality62/100
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Healthy Growth
Solidly profitable · 18.5% net margin
Low debt · generates free cash flow
6.20% dividend yield
Ranks above peers (12/15)
Wide moat 70/100
Evidence: High Range ₹363.62 – ₹897.87 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 20 days ago

Share price −3.1% over the past month.

A solid business, screening 12% undervalued on our models.

What matters now

  • A fairly wide model range (₹363.62 to ₹897.87) leaves room in how you read the outcome.
  • Our model range runs from ₹363.62 (bear) to ₹897.87 (bull), base ₹464.01. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹481.65 ₹82.19 Fair Value ₹464.01 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range ₹82.19 – ₹481.65 · fair‑value band ₹363.62 – ₹897.87 · the ₹415.60 price screens below the ₹464.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Coal India Limited (COALINDIA) currently trades at ₹415.60, while our model-based Fair Value estimate is ₹464.01, implying the stock looks roughly 11.7% undervalued today. We read business quality at 62/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Coal India Limited generated revenue of ₹1.7T at a net margin of 18.5%. Revenue grew 16.2% year over year. It earns a return on equity of 28.1%. The balance sheet holds a net cash position of ₹385B. Fundamentals as of Jul 18, 2026

Our scenario range runs from ₹363.62 (bear case) to ₹897.87 (bull case); at ₹415.60, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 12%, COALINDIA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹380.19 ₹574.78 ₹874.60 80
Residual Income ₹163.35 ₹207.59 ₹907.37 76
Rev-Margin DCF ₹293.07 ₹443.50 ₹622.34 74
All 26 models by family
DCF Models
FCF DCF ₹375.05 ₹597.86 ₹966.13 38
Owner Earnings ₹322.86 ₹511.51 ₹823.31 31
5Y Revenue Exit ₹293.07 ₹442.71 ₹634.32 39
5Y EBITDA Exit ₹340.91 ₹534.37 ₹762.59 41
5Y P/E Exit ₹372.03 ₹594.01 ₹831.46 38
10Y Revenue Exit ₹310.78 ₹458.25 ₹659.35 36
10Y EBITDA Exit ₹349.71 ₹524.21 ₹761.80 37
10Y P/E Exit ₹370.20 ₹567.13 ₹816.81 35
Earnings-Based
Graham-Dodd ₹169.31 ₹588.65 ₹791.07 54
Lynch FV ₹136.64 ₹195.20 ₹253.76 50
PEG = 1.0 ₹136.64 ₹195.20 ₹253.76 46
EPV ₹196.87 ₹225.49 ₹250.93 59
Dividend Discount
Gordon GGM ₹124.75 ₹272.36 ₹458.25 70
DDM Multi-Stage ₹124.75 ₹221.64 ₹283.84 61
Multiples
P/E Multiple ₹373.47 ₹497.96 ₹622.45 63
P/S Multiple ₹252.83 ₹337.11 ₹421.38 58
P/B Multiple ₹214.58 ₹286.10 ₹357.63 55
EV/EBIT ₹370.95 ₹483.03 ₹595.11 53
EV/EBITDA ₹356.69 ₹464.01 ₹571.34 54
EV/Revenue ₹261.36 ₹358.49 ₹455.63 43
Asset-Based
NCAV (Graham) ₹47.68 ₹63.89 ₹95.37 50
Growth DCF
Growth DCF ₹380.19 ₹574.78 ₹874.60 80
Rev-Margin DCF ₹293.07 ₹443.50 ₹622.34 74
Economic Profit
Residual Income ₹163.35 ₹207.59 ₹907.37 76
ROIC Compounder ₹210.77 ₹260.63 ₹319.37 72
Growth Earnings
Growth-Adj P/E ₹323.25 ₹461.79 ₹600.32 68

Widest divergence: DCF Models (₹524.21) versus Asset-Based (₹63.89). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹1.7T
Revenue growth (YoY) +16.2%
Net margin 18.5%
Return on equity 28.1%
Free cash flow ₹344B FY2026
P/E ratio 9.4
More key figures
Operating margin 20.9%
EPS (TTM) ₹50.44
Dividend yield 5.5%
EPS growth (YoY) +12.9%
Net cash ₹385B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 67 · Market factors (momentum, volatility) 60

Profitability 64
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Coal India Limited, together with its subsidiaries, produces and sells coal and coal products in India. The company offers coking coal for steel making and metallurgical industries, as well as for hard coke manufacturing; semi coking coal for blend-able coal in steel making, merchant coke manufacturing, and other metallurgical industries; and non-coking …

Full company description

Coal India Limited, together with its subsidiaries, produces and sells coal and coal products in India. The company offers coking coal for steel making and metallurgical industries, as well as for hard coke manufacturing; semi coking coal for blend-able coal in steel making, merchant coke manufacturing, and other metallurgical industries; and non-coking coal for thermal grade coal for cement, fertilizer, glass, ceramic, paper, chemical, and brick manufacturing, as well as power generation and other heating purposes. It also provides washed and beneficiated coal for manufacturing of hard coke for steel making and power generation, as well as for cement, sponge iron, and other industrial plants; middling products for power generation, domestic fuel plants, brick manufacturing units, cement plants, and industrial plants, etc.; and rejects products for fluidized bed combustion boilers for power generation, road repairs, briquette making, and land filling, etc. In addition, the company offers CIL/LTC coke for use in furnaces and kilns of industrial units, as well as domestic fuel by halwais, and hotels, etc.; coal/coke fines for use in industrial furnaces and domestic purposes; and tar, heavy and light oil, and soft pitch for use in furnaces and boilers of industrial plants, power houses, oil, dye, and pharmaceutical industries, etc. Further, it engages in coal mining and gasification; consultancy support in coal and mineral exploration; and renewable and solar energy. The company was formerly known as Coal Mines Authority Limited and changed its name to Coal India Limited in January 1975. Coal India Limited was incorporated in 1973 and is headquartered in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Coal India Limited reported revenue of ₹1.7T in FY2026 versus ₹1.0T in FY2022, a compound +13.8%/yr. Reported net income was ₹311B in FY2026, compounding +15.7%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹1.7T
Latest YoY
+35.5%
Avg. growth/yr (3Y)
+9.7%
Avg. growth/yr (5Y)
+15.2%
Avg. growth/yr (20Y)
+8.9%
Revenue +13.8%/yr
FY22 ₹1.0T
FY23 ₹1.3T
FY24 ₹1.3T
FY25 ₹1.2T
FY26 ₹1.7T
Net income +15.7%/yr
FY22 ₹174B
FY23 ₹318B
FY24 ₹374B
FY25 ₹354B
FY26 ₹311B

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Cite: Fair Value Calculator (2026). "Coal India Limited Fair Value". https://www.fairvalue-calculator.com/stock/COALINDIA

Peer Group

Thermal Coal · 101 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside +12% · Above median
Return on equity (TTM) 28% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 16% · Top 25%
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/B 2.21× · Pricier than 75% of peers
P/S (TTM) 1.57× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 5.3× · Cheaper than median
PEG 0.87× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 49 · sector 25
FUTURE 81 · sector 0
PAST 100 · sector 21
HEALTH 96 · sector 92
DIVIDEND 100 · sector 27

Insider activity: 15/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Frequently asked questions

Is Coal India Limited (COALINDIA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ₹464.01 versus a price of ₹415.60, about +12% (undervalued).
What is the fair value of COALINDIA?
Our model-based fair value for Coal India Limited is ₹464.01 (as of Jul 18, 2026), built from audited fundamentals. The current price is ₹415.60.
What is the quality score of COALINDIA?
Coal India Limited has a Quality Score of 62/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Coal India Limited (COALINDIA)?
Coal India Limited reported trailing-twelve-month revenue of about ₹1.7T (latest available figure, as of Jul 18, 2026).
What is the net profit margin of COALINDIA?
The net profit margin of Coal India Limited is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does Coal India Limited pay a dividend?
Coal India Limited currently shows a dividend yield of about 5.50% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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