Coal India Limited is India’s largest coal-producing company and a Maharatna public sector undertaking under the Ministry of Coal, Government of India. Headquartered in Kolkata, it accounts for over 80% of the country’s domestic coal production and serves critical sectors like power, steel, cement, and fertilisers. With near-monopoly status in thermal coal mining and a debt-free balance sheet, Coal India remains a strategic asset in India’s energy security framework. Despite cyclical demand and ESG pressures, the company has consistently delivered high returns, robust dividends, and strong cash flows. As of January 2026, it offers a compelling mix of value, yield, and policy tailwinds amid India’s rising energy needs. This article provides a data-driven outlook on the Coal India share price target 2026–2030.
Coal India: Company Overview
- Founded: 1975 (incorporated as Coal Mines Authority Ltd; renamed Coal India Ltd in 1977)
- Chairman & Managing Director: Shri P. Prasad
- NSE Symbol: COALINDIA
- Core Business: Coal mining, washing, and supply to power, steel, and industrial sectors
- Market Position: World’s largest coal miner by volume; supplies ~84% of India’s thermal coal
Coal India operates through 8 subsidiaries and 15 coal washeries. It is expanding into renewable energy via joint ventures (e.g., CIL Rajasthan Akshay Urja Ltd) and exploring green hydrogen opportunities—aligning with India’s net-zero 2070 goal while maintaining its core role in base-load power generation.
Coal India: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹410 |
| Market Capitalization | ₹2,65,613.59 Cr |
| No. of Shares Outstanding | 616.27 Cr |
| 52-Week High / Low | ₹545 / ₹349 |
| P/E Ratio (TTM) | 8.51 |
| P/B Ratio | 2.52 |
| EPS (TTM) | ₹50.64 |
| Book Value (TTM) | ₹170.97 |
| ROE | 38.83% |
| ROCE | 48.57% |
| Dividend Yield | 6.15% |
| Face Value | ₹10 |
| Cash | ₹39,921.85 Cr |
| Debt | ₹4,114.73 Cr |
| Promoter Holding | 63.13% |
| Sales Growth (YoY) | –0.73% |
| Profit Growth (YoY) | –5.53% |
Coal India Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹430 – ₹470 |
| 2027 | ₹450 – ₹500 |
| 2028 | ₹470 – ₹540 |
| 2029 | ₹490 – ₹580 |
| 2030 | ₹510 – ₹620 |
Coal India Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹430 | ₹470 |
Coal India reported a 5.53% YoY decline in profit in FY2025 due to lower offtake from power utilities during the monsoon and inventory build-up. However, it maintains an industry-leading ROCE of 48.57% and zero net debt (Cash > Debt). Trading at a P/E of 8.51x and offering a 6.15% dividend yield, the stock is attractively valued for a cash-rich PSU. A 2026 target range of ₹430–₹470 assumes stable coal demand and no major policy disruptions.
Coal India Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹450 | ₹500 |
If India’s power demand grows at 7–8% annually and thermal plants remain critical for grid stability, Coal India’s volumes could rebound. Assuming EPS recovers to ₹52–₹54 by FY27 and P/E stabilises at 8.5–9x, the 2027 target range of ₹450–₹500 is justified.
Coal India Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹470 | ₹540 |
By 2028, benefits from capacity expansion (e.g., Talcher Fertilisers investment) and renewable diversification should reflect in cash flows. A P/E of 9–9.5x on projected EPS of ₹53–₹57 supports the ₹470–₹540 band.
Coal India Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹490 | ₹580 |
Long-term tailwinds include India’s rising per capita electricity consumption and limited near-term alternatives to coal for base-load power. If competition from renewables doesn’t erode margins, EPS could reach ₹55–₹60 by FY29. At a P/E of 9–9.5x, the 2029 target is ₹490–₹580.
Coal India Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹510 | ₹620 |
Over a five-year horizon, Coal India’s appeal lies in high yield + capital preservation—not explosive growth. If it sustains dividends and avoids major capex overruns, investor confidence will remain strong. A terminal P/E of 9.5–10x on FY30 EPS (~₹54–₹62) justifies the ₹510–₹620 range.
Coal India: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Govt. of India) | 63.13% |
| Domestic Institutional Investors (DII) | 22.67% |
| Foreign Institutional Investors (FII) | 8.22% |
| Public & Others | 5.98% |
High promoter holding ensures policy alignment with national interests. Strong DII presence reflects its status as a core PSU holding.
Coal India: Strengths vs Risks
Strengths:
- Monopoly-like position in Indian coal mining
- Exceptional ROCE (48.57%) and ROE (38.83%)
- Debt-free balance sheet with ₹39,922 Cr cash
- Consistent dividend payer (6.15% yield)
Risks:
- Negative sales growth (–0.73%) due to renewable transition
- ESG pressures may limit long-term valuation multiples
- Contingent liabilities of ₹1.2 lakh Cr require monitoring
- Policy risk from carbon taxation or import competition
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Low to Moderate |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than market average |
| Dividend/Income Potential | High (6.15% yield + consistent payouts) |
| Best For | Conservative investors seeking yield, PSU exposure, and inflation hedge |
FAQs
What was Coal India’s IPO price?
Coal India’s IPO price was ₹240 per share in 2010—the largest IPO in India at the time (raised ₹15,200 Cr).
Is Coal India in the Nifty 50 or not?
No. Coal India is not part of the Nifty 50 but is included in the Nifty PSU Bank, Nifty Energy, and BSE 500 indices.
What is the bonus amount for Coal India in 2025?
Coal India has not announced any bonus shares in 2025. The last bonus issue was in 2017 (1:2 bonus).
Can I buy Coal India shares?
Yes—for long-term portfolios focused on dividend income, value, and strategic PSU exposure. Avoid if you seek high growth or ESG-compliant holdings.
What is the return of Coal India in 5 years?
As per Screener.in, Coal India delivered a 24% CAGR over the past 5 years (2021–2026), significantly outperforming the Nifty Energy index.
Final Verdict
Coal India remains a cornerstone of India’s energy infrastructure. While not a growth stock, its combination of monopoly economics, fortress balance sheet, and high yield makes it a reliable holding for conservative investors.
Our Coal India share price target 2026–2030 (₹430 to ₹620) reflects steady earnings, moderate multiple expansion, and sustained investor confidence. Upside is limited by ESG headwinds; downside is cushioned by yield and book value support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Coal India Consolidated Page (FY2025 + TTM)
- Finology Ticker – COALINDIA Financials & Analysis
- Groww.in – Coal India Stock Profile
- Coal India Investor Presentation (Q3 FY26, Jan 2026)
- Ministry of Coal, Government of India – National Coal Policy 2023
