COALINDIA · Coal · INE522F01014
Analyst mean 2.50 · 24 analysts · 88% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 139% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹43,215 cr against trailing net profit ₹31,187 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Over the last year profit declined 5.9% even as revenue grew 6.1% — margins are compressing, and any premium being paid rests on a year that moved backwards on the bottom line.
Trailing revenue ₹157,856 cr (up 6.1%) but trailing profit ₹31,187 cr (down 5.9%). Rising sales with falling profit points to cost inflation not passed through, mix shift to lower-margin lines, or one-off gains in the base year.
Free cash flow swings between positive and negative across the cycle.
Latest ₹31,191 cr, negative in 2 of 12 years.
Borrowings rose 116% over two years while the company also carries ₹10,226 cr in investments. Why borrow at interest while parking money elsewhere is a fair question.
Borrowings moved to ₹14,072 cr from ₹6,523 cr. Simultaneous large investments can be legitimate treasury management, or a sign that reported cash is not freely available.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31,182 | 36,859 | 37,825 | 42,919 | 30,187 | 34,924 | 46,490 | 46,255 |
| Expenses | 22,565 | 24,541 | 26,034 | 30,331 | 23,471 | 25,593 | 33,817 | 34,186 |
| Other Income | 1,642 | 2,214 | 4,106 | 1,760 | 2,350 | 2,680 | 5,244 | 2,281 |
| Depreciation | 1,898 | 2,513 | 2,782 | 2,307 | 2,664 | 2,218 | 2,947 | 2,303 |
| Profit before tax | 8,153 | 11,792 | 12,873 | 11,776 | 6,115 | 9,473 | 14,627 | 11,719 |
| Net Profit | 6,275 | 8,491 | 9,593 | 8,788 | 4,263 | 7,166 | 10,908 | 8,850 |
| EPS | 10.21 | 13.80 | 15.58 | 14.27 | 7.07 | 11.61 | 17.59 | 14.36 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 6,163 | 6,163 | 6,163 | 6,163 | 6,163 | 6,163 |
| Reserves | 30,355 | 36,980 | 54,680 | 76,567 | 92,942 | 112,939 |
| Borrowings | 5,884 | 3,514 | 4,331 | 6,523 | 9,146 | 14,072 |
| Fixed Assets | 42,405 | 46,677 | 64,547 | 75,668 | 82,865 | 91,846 |
| CWIP | 10,490 | 12,897 | 17,622 | 18,960 | 22,385 | 15,834 |
| Investments | 5,950 | 8,921 | 7,139 | 7,110 | 7,591 | 10,226 |
| Total Assets | 161,051 | 179,436 | 221,396 | 236,470 | 258,985 | 285,660 |