"Coal India is trading at a reasonable 6.4x FY25E PE. Its PE contracted from an average 13x over 2011-18 to 6.5x over 2019-23, partly due to ESG concerns on coal, which might get alleviated amid rising power demand in India," said Jefferies.
The board has recommended an interim dividend of Rs 15.25 a share for the current financial year. The coal major has fixed November 21 as the record date for the same.
Coal India will hold a meeting of the board of directors of the company on November 10, 2023 to consider, approve and take on record audited financial results for the second quarter
Coal India reported a net profit of Rs 6,043.99 crore for September quarter compared with Rs 2,932.73 crore in the corresponding quarter last year. Sales jumped for the quarter to Rs 27,538.59 crore from Rs 21,292.50 crore in the year-ago quarter