How to Reach Your Share of Coal India Goals in 2022
The Ministry of Coal and the Government of India owned Coal India Limited (CIL), an Indian coal mining company. The business produces and sells coal and offers services to the cement, fertilizer, steel, and power industries, among others. Its headquarters are in Kolkata, India, and it is the world’s biggest producer of coal. Coal Indiashare has been given the ticker 533278 by the Bombay Stock Exchange and the scrip code COALINDIA by the National Stock Exchange as of today. Understanding the company’s strengths, weaknesses, and potential for growth will help you gain a deeper understanding of the subject.
Strengths
- The company pays out a healthy amount in dividends, and Coal India Limited has little debt, making it a promising investment.
- In the last two years, the book value per Coal India share price has increased.
- It is a pledge company with zero promoters.
Weaknesses
- Additionally, over the past two years, its yearly net profit has decreased.
- Coal India’s EBITDA margins exhibited a softening trend at 21-22% during both FY20 and FY21 after reporting an EBITDA margin of 25% in FY19.
Opportunities
- The third resistance has been positively broken (LIP > R3).
- The stock has a low PE (PE = 10).
- The RSI shows how strong the share price of CoalIndia is.
Should you invest in it?
The NSE share price of Coal India has held steady in the competitive market and recently offered an outstanding dividend per share. On the global market, the cost of coal has significantly increased. Thus, the stock market’s share prices would be revised higher.
