# COALINDIA (COALINDIA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/coalindia

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹408.5
- Change: +0.91%
- As of: 2026-10-13
- 1D return: +0.91%
- 5D return: -0.77%
- 1M return: -4.20%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, Coal India's technical setup presents a mixed picture across timeframes. Daily and weekly charts indicate a bearish trend, with the price trading below key moving averages and the Supertrend indicator. This is contrasted by a bullish Supertrend on the monthly chart, though the price remains below monthly moving averages. Daily trend conviction is weak (ADX 17.52), while monthly trend conviction is strong (ADX 52.13). The stock is positioned near the lower end of its 20-day range (+20.8%) and in the lower-middle of its 50-day (+31.4%) and 252-day (+32.0%) ranges. Recent market activity shows a balance of positive, neutral, and downside events over the past 30 days, with one notable high-severity downward anomaly on October 6, 2026.

Participation and risk are characterized by annualized volatility of +22.4% and a current drawdown of -15.2%. The nearest resistance is at ₹408.9 (0.10% above current price), with support identified at ₹406.8 (0.42% below current price). A confirmed break above ₹408.9 could signal strengthening upward momentum, while a move below ₹406.8 might indicate further downside, especially if accompanied by increased volume or a daily Supertrend reversal.

- Mixed daily/weekly bearish trend vs. monthly bullish Supertrend.
- Monthly trend shows strong conviction (ADX 52.13) while daily trend is weak (ADX 17.52).
- Annualized volatility is +22.4% with a current drawdown of -15.2%.
- Nearest resistance at ₹408.9 (0.10% above) and support at ₹406.8 (0.42% below).
- Confirmation of upward momentum above ₹408.9; invalidation below ₹406.8.

- Inside Bar
- Bearish Engulfing Reversal
- Outside Bar

### News Context

Coal India Limited (CIL) has publicly refuted claims made by NTPC Ltd. regarding critically low coal stocks. CIL stated on October 12, 2026, that it has met and exceeded its contractual supply commitments to NTPC and its joint ventures, reporting a 5% year-on-year increase in supply to 97 million tonnes during April-September of FY27. This statement comes amidst broader reports of power shortages affecting Indian industries and households due to reduced coal supplies and limited hydropower generation. However, government data indicates an easing of coal stock depletion at domestic thermal power plants in October, with supplies to the power sector averaging 2.49 million tonnes per day. Coal stocks at power plants have reportedly remained above 18 million tonnes since late September, supported by higher rake loading and slower depletion rates.

- On October 12, 2026, Coal India stated it supplied 97 million tonnes to NTPC and its joint ventures in April-September FY27, a 5% year-on-year increase, denying NTPC's claims of low coal stocks.
- Coal supply to the power sector averaged 2.49 million tonnes per day in October 2026, with 469 rakes per day, according to reports on October 12, 2026.
- Government data indicated on October 12, 2026, that the pace of coal stock depletion at domestic thermal power plants eased in October.
- Coal stocks at power plants have stayed above 18 million tonnes since late September 2026, aided by higher rake loading and slower depletion, as reported on October 12, 2026.
- Reports on October 12, 2026, highlighted power shortages impacting Indian factories and households due to reduced coal supplies and limited hydropower generation.

- [Coal India denies NTPC supply crunch, cites exceeding commitments](https://www.rediff.com/business/report/coal-india-refutes-ntpcs-coal-shortage-claims-highlights-increased-supply/20261012.htm)
- [Coal supply to power sector averaged at 2.49 mt per day in October](https://www.thehindubusinessline.com/economy/coal-supply-to-power-sector-averaged-at-249-mt-per-day-in-october/article71576269.ece)
- [Blackouts hit Indian factories as coal crunch feeds into economy](https://economictimes.indiatimes.com/industry/energy/power/blackouts-hit-indian-factories-as-coal-crunch-feeds-into-economy/articleshow/134886606.cms)
- [Pace of Coal Stock Depletion at Domestic Thermal Power Plants Eases in Oct: Govt](https://www.deccanchronicle.com/nation/pace-of-coal-stock-depletion-at-domestic-thermal-power-plants-eases-in-oct-govt-1995090)
- [Coal stocks at power plants stay above 18 MT since late September](https://www.thehindubusinessline.com/news/coal-stocks-at-power-plants-stay-above-18-mt-since-late-september/article71573842.ece)

### What Changed

Coal India has addressed claims of a supply crunch with NTPC, reporting that it has met and exceeded contractual commitments for April-September FY27, with supplies to NTPC and its joint ventures increasing by 5% year-on-year to 97 million tonnes. Separately, coal supply to the power sector averaged 2.49 million tonnes per day in October, contributing to stabilized stocks and improved rail evacuation. The company also made a revision to its integrated financial filing on October 12, 2026, adding figures for cash and cash equivalents at the beginning of the cash flow statement. The stock closed at ₹408.5 on October 13, 2026, a slight increase from its previous close of ₹404.8.

- On October 12, 2026, Coal India filed a revision to its integrated financial statements, adding details on cash and cash equivalents at the beginning of the cash flow statement.
- Coal India reported supplying 97 million tonnes to NTPC and its joint ventures from April to September FY27, a 5% year-on-year increase, refuting claims of a supply crunch.
- Average daily coal supply to the power sector in October 2026 was 2.49 million tonnes.
- Coal India's stock closed at ₹408.5 on October 13, 2026, up from ₹404.8 on the previous trading day.

- [Coal India denies NTPC supply crunch, cites exceeding commitments](https://www.rediff.com/business/report/coal-india-refutes-ntpcs-coal-shortage-claims-highlights-increased-supply/20261012.htm)
- [Coal supply to power sector averaged at 2.49 mt per day in October](https://www.thehindubusinessline.com/economy/coal-supply-to-power-sector-averaged-at-249-mt-per-day-in-october/article71576269.ece)
- [Integrated Filing- Financials|Revision|Figures of Cash and cash equivalents cash flow statement at beginning of period has been added.](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736134_12102026040726_WEB.xml)

### Official Filings

Coal India Limited (CIL) has provided updates on its operational performance and corporate actions. On October 1, 2026, the company reported provisional production and off-take figures for September 2026. Subsidiary companies produced 53.5 million tonnes in September 2026, a 9.2% increase month-on-month, while cumulative production from April to September 2026 was 321.0 million tonnes, a 2.5% decrease year-on-year. Total off-take reached 61.2 million tonnes in September (up 12.5% monthly) and 384.2 million tonnes cumulatively (up 7.6% year-on-year).

Further operational data released on October 1, 2026, detailed e-auction performance. For September 2026, CIL offered 130.19 lakh tonnes and allocated 93.64 lakh tonnes, achieving a weighted average price premium of 94% over the notified price. Cumulatively from April to September 2026, 1421.85 lakh tonnes were offered and 571.04 lakh tonnes allocated, with a weighted average price premium of 54%.

In terms of strategic initiatives, CIL executed a non-binding Memorandum of Understanding (MoU) on September 29, 2026, with Hindustan Urvarak & Rasayan Limited (HURL) to explore a coal gasification-based urea production project. This collaboration will focus on assessing technical, commercial, and implementation aspects to prepare a Preliminary Feasibility Report.

Additionally, the company made a disclosure on October 12, 2026, regarding a revision to its integrated financial filings, specifically adding figures for 'Cash and cash equivalents' at the beginning of the cash flow statement. Routine compliance filings include a certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018, for the quarter ended September 30, 2026, confirming dematerialization processes, and a newspaper publication notice on October 9, 2026, concerning a special window for re-lodging transfer requests of physical equity shares.

- On October 1, 2026, Coal India reported September 2026 production of 53.5 million tonnes (9.2% monthly increase) and cumulative production of 321.0 million tonnes (2.5% year-on-year decrease) for April-September 2026.
- Total off-take for September 2026 was 61.2 million tonnes (12.5% monthly increase), with cumulative off-take at 384.2 million tonnes (7.6% year-on-year increase) for April-September 2026.
- In September 2026 e-auctions, Coal India achieved a 94% price premium over the notified price on allocated volumes.
- A non-binding MoU was signed on September 29, 2026, with HURL to explore a coal gasification-based urea production project.
- On October 12, 2026, the company revised its integrated financial filings to include 'Cash and cash equivalents' at the beginning of the cash flow statement.

- [Integrated Filing- Financials|Revision|Figures of Cash and cash equivalents cash flow statement at beginning of period has been added.](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736134_12102026040726_WEB.xml)
- [Newspaper publication on Special Window for Re-lodgement of Transfer Requests of Physical Equity Shares of Coal India Limited- 5th Intimation |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/COALINDIA_09102026154027_NP-5th_Intimation.pdf)
- [Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the 2nd quarter ended 30th September 26. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/COALINDIA_08102026151037_Reg745_Sep2026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.13 | PUBLIC_VAL: 38.87 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 08-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734270_08102026032238_WEB.xml)
- [Provisional Production and Off-take Performance of CIL and Subsidiary Companies for the month of September 26 and Progressive September 26. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026113136_Production_Sep_26.pdf)
- [Single Window Mode Agnostic (SWMA) E-auction Data of CIL and Subsidiary Companies for the month of Sep 26 & cumulative for the month of Apr 26-Sep 26. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026123140_SWMA_E-auction_Data.pdf)
- [Coal India Limited has informed the Exchange regarding a press release dated October 01, 2026, titled "Coal India Ramps Up Coal Supplies by 12.5% in September Amid Rising Power Demand". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026154137_Press_Release.pdf)
- [Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015- Change in Senior Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/COALINDIA_29092026100307_Shri_Anjani_Kumar.pdf)
- [Non-Binding Memorandum of Understanding (MoU) between Coal India Limited and Hindustan Urvarak & Rasayan Limited (HURL) - Reg |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/COALINDIA_29092026143252_HURL_MOU.pdf)
- [Coal India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_bbodade_20052026165249_COALINDIA.pdf)

### Fundamentals

Coal India's recent quarterly results show a sequential decrease in revenue from operations, falling to ₹46,254.80 crore in Q1 FY2026-27 from ₹46,490.03 crore in Q4 FY2025-26. This revenue decline was accompanied by a reduction in both profit before exceptional items and tax, which decreased to ₹11,479.04 crore from ₹14,510.68 crore, and net profit, which fell to ₹8,849.81 crore from ₹10,907.79 crore. The company's Debt Equity Ratio saw a marginal increase to 0.0012 in Q1 FY2026-27 from 0.0 in Q4 FY2025-26, indicating a slight rise in leverage. Historically, the company has demonstrated strong compounded sales growth over 5 years at 13% and a 3-year Return on Equity of 38%, though compounded profit growth over 3 years was -1%. Cash flow from operations has shown a positive upward trend, increasing from ₹18,103.0 crore in Mar 2024 to ₹43,215.0 crore in Mar 2026, with Free Cash Flow also rising significantly over the same period.

- Revenue from operations decreased sequentially to ₹46,254.80 crore in Q1 FY2026-27.
- Net profit declined sequentially to ₹8,849.81 crore in Q1 FY2026-27, indicating margin pressure.
- The Debt Equity Ratio increased slightly to 0.0012 in Q1 FY2026-27.
- Monitor the sustainability of operating profit conversion in the next reporting period.

### Bull Case

Coal India has stated it is meeting and exceeding contractual supply commitments to NTPC, reporting a 5% year-on-year increase in supply to 97 million tonnes for April-September FY27. The company's supply to the power sector averaged 2.49 million tonnes per day in October, contributing to stabilizing power plant coal stocks which have remained above 18 million tonnes since late September. This stabilization follows a period of declining stocks in September. The monthly trend analysis indicates a bullish setup with a higher plus DI (21.11) compared to minus DI (9.11) and an ADX of 52.13, suggesting strong upward momentum over the monthly timeframe.

- Coal India reported a 5% year-on-year increase in supply to NTPC for April-September FY27, reaching 97 million tonnes.
- Average daily coal supply to the power sector was 2.49 million tonnes in October.
- Coal stocks at power plants have been above 18 million tonnes since late September.
- Monthly technical trend shows a bullish setup with ADX at 52.13 and plus DI exceeding minus DI.

- [Coal India denies NTPC supply crunch, cites exceeding commitments](https://www.rediff.com/business/report/coal-india-refutes-ntpcs-coal-shortage-claims-highlights-increased-supply/20261012.htm)
- [Coal supply to power sector averaged at 2.49 mt per day in October](https://www.thehindubusinessline.com/economy/coal-supply-to-power-sector-averaged-at-249-mt-per-day-in-october/article71576269.ece)
- [Blackouts hit Indian factories as coal crunch feeds into economy](https://economictimes.indiatimes.com/industry/energy/power/blackouts-hit-indian-factories-as-coal-crunch-feeds-into-economy/articleshow/134886606.cms)
- [Pace of Coal Stock Depletion at Domestic Thermal Power Plants Eases in Oct: Govt](https://www.deccanchronicle.com/nation/pace-of-coal-stock-depletion-at-domestic-thermal-power-plants-eases-in-oct-govt-1995090)
- [Coal stocks at power plants stay above 18 MT since late September](https://www.thehindubusinessline.com/news/coal-stocks-at-power-plants-stay-above-18-mt-since-late-september/article71573842.ece)
- [Integrated Filing- Financials|Revision|Figures of Cash and cash equivalents cash flow statement at beginning of period has been added.](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736134_12102026040726_WEB.xml)
- [Newspaper publication on Special Window for Re-lodgement of Transfer Requests of Physical Equity Shares of Coal India Limited- 5th Intimation |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/COALINDIA_09102026154027_NP-5th_Intimation.pdf)
- [Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the 2nd quarter ended 30th September 26. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/COALINDIA_08102026151037_Reg745_Sep2026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.13 | PUBLIC_VAL: 38.87 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 08-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734270_08102026032238_WEB.xml)
- [Provisional Production and Off-take Performance of CIL and Subsidiary Companies for the month of September 26 and Progressive September 26. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026113136_Production_Sep_26.pdf)

### Bear Case

The company's daily technical trend indicators suggest a bearish outlook, with the Supertrend direction noted as 'bearish' and negative slopes observed in both the 20-day and 50-day Simple Moving Averages (SMA). This is further supported by a negative 1-month return of -4.2% and a 3-month return of -5.0%. While the company has refuted claims of a coal supply crunch to NTPC, citing increased supply year-on-year, broader market news indicates that industries and households are experiencing power shortages due to reduced coal supplies and other factors. Coal stocks at domestic thermal power plants had fallen to low levels in September, although they have since stabilized above 18 million tonnes since late September.

- Daily technical trend shows a 'bearish' Supertrend direction as of 2026-10-13.
- The 1-month return was -4.2% and the 3-month return was -5.0%.
- Recent news highlights power shortages impacting Indian industries and households due to coal supply issues.
- Coal stocks at power plants had fallen to low levels in September before stabilizing.

- [Coal India denies NTPC supply crunch, cites exceeding commitments](https://www.rediff.com/business/report/coal-india-refutes-ntpcs-coal-shortage-claims-highlights-increased-supply/20261012.htm)
- [Coal supply to power sector averaged at 2.49 mt per day in October](https://www.thehindubusinessline.com/economy/coal-supply-to-power-sector-averaged-at-249-mt-per-day-in-october/article71576269.ece)
- [Blackouts hit Indian factories as coal crunch feeds into economy](https://economictimes.indiatimes.com/industry/energy/power/blackouts-hit-indian-factories-as-coal-crunch-feeds-into-economy/articleshow/134886606.cms)
- [Pace of Coal Stock Depletion at Domestic Thermal Power Plants Eases in Oct: Govt](https://www.deccanchronicle.com/nation/pace-of-coal-stock-depletion-at-domestic-thermal-power-plants-eases-in-oct-govt-1995090)
- [Coal stocks at power plants stay above 18 MT since late September](https://www.thehindubusinessline.com/news/coal-stocks-at-power-plants-stay-above-18-mt-since-late-september/article71573842.ece)
- [Integrated Filing- Financials|Revision|Figures of Cash and cash equivalents cash flow statement at beginning of period has been added.](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736134_12102026040726_WEB.xml)
- [Newspaper publication on Special Window for Re-lodgement of Transfer Requests of Physical Equity Shares of Coal India Limited- 5th Intimation |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/COALINDIA_09102026154027_NP-5th_Intimation.pdf)
- [Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the 2nd quarter ended 30th September 26. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/COALINDIA_08102026151037_Reg745_Sep2026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.13 | PUBLIC_VAL: 38.87 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 08-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734270_08102026032238_WEB.xml)
- [Provisional Production and Off-take Performance of CIL and Subsidiary Companies for the month of September 26 and Progressive September 26. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026113136_Production_Sep_26.pdf)

### FAQs

**How has Coal India's coal supply to the power sector performed recently?**

Coal India reported supplying 97 million tonnes to NTPC and its joint ventures during April-September of FY27, a 5% increase year-on-year. In October, coal supply to the power sector averaged 2.49 million tonnes per day, with 469 rakes per day, helping to stabilize stocks.

**What were Coal India's provisional production and off-take figures for September 2026?**

In September 2026, Coal India's subsidiary companies produced 53.5 million tonnes, a 9.2% increase from the previous month. Cumulative production from April to September 2026 was 321.0 million tonnes, a 2.5% decline year-over-year. Total off-take in September 2026 reached 61.2 million tonnes (a 12.5% monthly increase), with cumulative off-take at 384.2 million tonnes (a 7.6% growth year-over-year).

**What are the nearest support and resistance levels for Coal India's stock?**

As of October 13, 2026, the nearest support level is at ₹406.8, which is 0.42% below the current price. The nearest resistance level is at ₹408.9, which is 0.10% above the current price.

**What is the recent technical trend for Coal India's stock?**

On a daily timeframe as of October 13, 2026, the technical indicators suggest a bearish trend, with the Supertrend direction indicating 'bearish'. However, on a weekly timeframe, the Supertrend direction is 'bullish'.

- [Coal India denies NTPC supply crunch, cites exceeding commitments](https://www.rediff.com/business/report/coal-india-refutes-ntpcs-coal-shortage-claims-highlights-increased-supply/20261012.htm)
- [Coal supply to power sector averaged at 2.49 mt per day in October](https://www.thehindubusinessline.com/economy/coal-supply-to-power-sector-averaged-at-249-mt-per-day-in-october/article71576269.ece)
- [Blackouts hit Indian factories as coal crunch feeds into economy](https://economictimes.indiatimes.com/industry/energy/power/blackouts-hit-indian-factories-as-coal-crunch-feeds-into-economy/articleshow/134886606.cms)
- [Pace of Coal Stock Depletion at Domestic Thermal Power Plants Eases in Oct: Govt](https://www.deccanchronicle.com/nation/pace-of-coal-stock-depletion-at-domestic-thermal-power-plants-eases-in-oct-govt-1995090)
- [Coal stocks at power plants stay above 18 MT since late September](https://www.thehindubusinessline.com/news/coal-stocks-at-power-plants-stay-above-18-mt-since-late-september/article71573842.ece)
- [Integrated Filing- Financials|Revision|Figures of Cash and cash equivalents cash flow statement at beginning of period has been added.](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736134_12102026040726_WEB.xml)
- [Newspaper publication on Special Window for Re-lodgement of Transfer Requests of Physical Equity Shares of Coal India Limited- 5th Intimation |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/COALINDIA_09102026154027_NP-5th_Intimation.pdf)
- [Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the 2nd quarter ended 30th September 26. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/COALINDIA_08102026151037_Reg745_Sep2026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.13 | PUBLIC_VAL: 38.87 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 08-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734270_08102026032238_WEB.xml)
- [Provisional Production and Off-take Performance of CIL and Subsidiary Companies for the month of September 26 and Progressive September 26. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026113136_Production_Sep_26.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹406.8
- Risk regime: Price Risk Requires Attention

### Support levels
- 408.9001953125
- 372.20029296875
- 369.475

### Resistance levels
- 413.64921875
- 434.4548828125
- 462.384375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.91% |
| return_10 | -3.31% |
| return_1m | -4.20% |
| return_1y | +7.06% |
| return_20 | -4.20% |
| return_3m | -5.04% |
| return_5 | -0.77% |
| return_6m | -6.11% |
| return_since_start | +5.72% |
| return_ytd | +2.01% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -16.95% |
| annualized_volatility | +22.42% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Rose 29% While Net Profit Barely Budged

Coal India’s revenue surged 29% year-on-year to ₹46,254.80 crore in Q1 FY2026-27, but net profit edged up only 1.3% to ₹8,849.81 crore. Profit before tax was virtually unchanged from the prior year, resulting in a significant contraction of profit margins.

## Revenue Performance

Revenue from operations reached ₹46,254.80 crore, a 29.05% increase from ₹35,842.19 crore in the same quarter last year. On a sequential basis, revenue was nearly flat, declining only 0.51% from ₹46,490.03 crore in Q4 FY2025-26.

## Profitability and Margins

Despite the strong top-line growth, profit before tax (PBT) stood at ₹11,479.04 crore, down 0.74% from ₹11,564.93 crore a year earlier. The PBT margin narrowed to 24.8% from 32.3% in the year-ago quarter.

Net profit rose marginally to ₹8,849.81 crore from ₹8,734.17 crore, an increase of 1.32%. The net profit margin contracted to 19.1% from 24.4%. Tax expense decreased by 3.54% to ₹2,869.55 crore, partially cushioning the bottom line.

Sequentially, PBT fell 20.89% from Q4’s ₹14,510.68 crore, while revenue slipped only 0.51%, highlighting pronounced quarterly volatility in profitability relative to revenue stability.

## Earnings Per Share and Comprehensive Income

Basic earnings per share from continuing operations came in at ₹14.36, up 1.2% from ₹14.19 in the prior-year period, and down sequentially from ₹17.59 in Q4. Comprehensive income for the period was ₹8,873.81 crore, slightly above net profit, reflecting minimal other comprehensive income movements.

## Capital Structure

The company reported a debt-equity ratio of 0.0012 for the quarter, compared with 0.0 in each of the four previous quarters. The ratio, while flagged as conflicted data, indicates negligible leverage continues to characterize the balance sheet.

## Management Commentary

Coal India Limited reported Q1 FY26-27 financial results with Revenue from Operations increasing 8% YoY to ₹46,255 Crore and Profit After Tax rising 0.7% to ₹8,850 Crore. The company maintained a stable capital structure with a Debt Equity Ratio of 0.12, while EBITDA margin on revenue from operations moderated slightly to 32% from 33% in the prior year quarter.

Strategic initiatives include the foundation stone for a ₹25,000 crore commercial coal gasification project and the commissioning of 300 MW solar power capacity across Khavda and Bhadramali. Additionally, the Board declared an interim dividend of ₹5.50 per share, reflecting confidence in cash flows despite a 7% YoY decline in coal production to 169.63 MT.

## Key Takeaway

The quarter’s defining feature was a wide gap between robust revenue growth and stagnant profitability, compressing both pre‑tax and net profit margins significantly. Revenue expanded briskly year‑on‑year, but flat profit before tax meant the incremental sales did not translate into higher bottom‑line earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +61.13%
- FII holding: +10.37%
- DII holding: +22.20%
- Mutual fund holding: +9.93%
- Retail holding: +3.77%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +61.13%
- LIFE INSURANCE CORPORATION OF INDIA — +10.24%
- PARAG PARIKH FLEXI CAP FUND — +3.03%
- CPSE EXCHANGE TRADED SCHEME (CPSE ETF) — +1.57%
- SBI NIFTY 50 ETF — +1.38%

## Official filings

- 2026-10-12 — Financial Results Filing: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1736134_12102026040726_WEB.xml)
- 2026-10-09 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_09102026154027_NP-5th_Intimation.pdf)
- 2026-10-08 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_08102026151037_Reg745_Sep2026.pdf)
- 2026-10-08 — Shareholding Disclosure: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734270_08102026032238_WEB.xml)
- 2026-10-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026113136_Production_Sep_26.pdf)
- 2026-10-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026123140_SWMA_E-auction_Data.pdf)
- 2026-10-01 — Press Release: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01102026154137_Press_Release.pdf)
- 2026-09-29 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_29092026100307_Shri_Anjani_Kumar.pdf)
- 2026-09-29 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_29092026143252_HURL_MOU.pdf)
- 2026-09-24 — Shareholding Disclosure: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_20052026165249_COALINDIA.pdf)
- 2026-09-24 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3691_WebXMLFile_20260924_143745619.xml)
- 2026-09-24 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_24092026144558_Letter_Stock_Exchange.pdf)
- 2026-09-17 — Management Change: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_17092026174227_Sonancl.pdf)
- 2026-09-09 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_09092026163610_Auditor_for_FY_2027.pdf)
- 2026-09-09 — Press Release: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_09092026165222_Press_Release_0909.pdf)
- 2026-09-02 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_02092026103250_Draft_letter_to_stock_exchange_DRHP_MCL_signed.pdf)
- 2026-09-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3691_WebXMLFile_20260901_100638356.xml)
- 2026-09-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01092026100224_Cessation_of_ED_Corporate_Planning_and_Project_Monitoring.pdf)
- 2026-09-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01092026114010_Production_August.pdf)
- 2026-09-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01092026124721_Results.pdf)
- 2026-09-01 — Regulatory Filing: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1719711_01092026125848_WEB.xml)
- 2026-09-01 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01092026155929_SWMA_AUG.pdf)
- 2026-09-01 — Press Release: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_01092026173245_Press_Release_10.pdf)
- 2026-08-31 — Generic Announcement: Coal India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COALINDIA_31082026142049_Proceeding_AGM_final.pdf)
- 2026-08-24 — Corporate Action Notice: Coal India Limited - Ex-Date: 04-Sep-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)

## News and market events

- 2026-10-12 — REDIFF.COM: **Coal India denies NTPC supply crunch, cites exceeding commitments** — Coal India Ltd (CIL) has refuted claims by NTPC Ltd regarding critically low coal stocks, stating it has met and exceeded its contractual supply commitments to the power producer. CIL reported supplying 97 million tonnes to NTPC and its joint ventures during April-September of FY27, a 5% increase year-on-year. — [Source](https://www.rediff.com/business/report/coal-india-refutes-ntpcs-coal-shortage-claims-highlights-increased-supply/20261012.htm)
- 2026-10-12 — The Hindu: **Coal supply to power sector averaged at 2.49 mt per day in October** — Coal supply to power sector rose in October, with 2.49 mt/day and 469 rakes/day, stabilizing stocks and improving rail-led evacuation. — [Source](https://www.thehindubusinessline.com/economy/coal-supply-to-power-sector-averaged-at-249-mt-per-day-in-october/article71576269.ece)
- 2026-10-12 — Economic Times: **Blackouts hit Indian factories as coal crunch feeds into economy** — Indian industries and households are grappling with power shortages due to reduced coal supplies and extreme weather conditions. The weak monsoon has limited hydropower generation while demand for electricity has surged. Many factories, including small steel mills, are facing lengthy outages, impacting production and increasing costs. Consumers in states like Uttar Pradesh are experiencing significant blackouts, prompting investments in backup systems. — [Source](https://economictimes.indiatimes.com/industry/energy/power/blackouts-hit-indian-factories-as-coal-crunch-feeds-into-economy/articleshow/134886606.cms)
- 2026-10-12 — DECCANCHRONICLE.COM: **Pace of Coal Stock Depletion at Domestic Thermal Power Plants Eases in Oct: Govt** — The development assumes significance as it comes after a decline in September, when coal stocks at power plants fell to low levels — [Source](https://www.deccanchronicle.com/nation/pace-of-coal-stock-depletion-at-domestic-thermal-power-plants-eases-in-oct-govt-1995090)
- 2026-10-12 — The Hindu: **Coal stocks at power plants stay above 18 MT since late September** — Higher rake loading and slower depletion help stabilise supplies in early October, says ministry — [Source](https://www.thehindubusinessline.com/news/coal-stocks-at-power-plants-stay-above-18-mt-since-late-september/article71573842.ece)
- 2026-10-12 — NEWS.WEBINDIA123.COM: **Coal stocks at power plants remain stable above 18 MT; depletion thins out in October 2026 as coal supplies strengthen** — Coal stocks at domestic coal-based power plants have remained above 18 million tonnes (MT) since September 29, 2026, standing at 18.205 MT on October 10, compared with 18.932 MT on September 29. — [Source](https://news.webindia123.com/news/Articles/Business/20261012/4509824.html)
- 2026-10-12 — Economic Times: **Coal stocks at power plants remain stable above 18 MT; depletion thins out in October 2026 as coal supplies strengthen** — Coal stocks at domestic coal-based power plants have been maintained above 18 million tonnes since late September. The Ministry of Coal has reported a significant decrease in the pace of coal depletion in October compared to September. Daily coal supply in October has exceeded planned levels for most days thus far. Increased rake loading has facilitated better coal availability to power plants, ensuring consistency in power generation. — [Source](https://economictimes.indiatimes.com/industry/energy/power/coal-stocks-at-power-plants-remain-stable-above-18-mt-depletion-thins-out-in-october-2026-as-coal-supplies-strengthen/articleshow/134883873.cms)
- 2026-10-12 — IANSLIVE.IN: **Coal stocks at Indian power plants stable above 18 MT as supplies strengthen** — New Delhi, Oct 12 (IANS) Coal stocks at domestic coal‑based power plants have remained stable above 18 million tonnes since September 29, 2026, an official statement said on Monday, adding that depletion thins out in October 2026 as coal supplies strengthen. — [Source](https://ianslive.in/coal-stocks-at-indian-power-plants-stable-above-18-mt-as-supplies-strengthen--20261012113633)
- 2026-10-09 — FREEPRESSJOURNAL.IN: **India's Coal Supply To Power Plants Rises 36% In October** — India — [Source](https://www.freepressjournal.in/business/indias-coal-supply-to-power-plants-rises-36-in-october)
- 2026-10-08 — Mint: **Dividend powerhouse: Coal India, ITC, REC, NMDC, Aptech, Radiant Cash - Which stock is real dividend multiplier? Details** — Coal India, ITC, REC, NMDC, Aptech, Radiant Cash are among the top companies with constantly rising dividend yield over last three financial years. Among them, NMDC posted the strongest dividend yield growth, at 52% from FY24 to FY26. Check details — [Source](https://www.livemint.com/market/stock-market-news/dividend-powerhouse-coal-india-itc-rec-nmdc-aptech-radiant-cash-which-stock-is-real-dividend-multiplier-details-11791451035317.html)
- 2026-10-07 — Times of India: **CCL workers to get Rs 1.10 lakh bonus** — Coal India announces Rs 1.10 lakh performance-linked bonus for eligible non-executive workers in 2025-26, to be paid pro-rata by Oct 15; benefits 2.48 lakh. — [Source](https://timesofindia.indiatimes.com/city/ranchi/ccl-workers-to-get-rs-1-10-lakh-bonus/articleshow/134766322.cms)
- 2026-10-07 — Mint: **Top dividend stocks: PTC India, Coal India, REC among 10 dividend stocks with yields of up to 16.7%** — PTC India leads with a dividend yield of 16.7%, highest among 10 stocks. The company declared two interim dividends in 2026 and proposed a final dividend. Other top dividend-yielding companies include Coal India at 6.3% and REC at 6.1% as per October 2026 analysis. — [Source](https://www.livemint.com/market/stock-market-news/top-dividend-stocks-ptc-india-coal-india-rec-among-10-dividend-stocks-with-yields-of-up-to-167-11791361850077.html)
- 2026-10-05 — The Hindu: **Coal India increases average supply to 1.78 mt/day so far in Oct** — Coal India boosts October daily supply to 1.78 MT, with September at 61.20 MT and H1 FY27 coal offtake up 7.6% YoY. — [Source](https://www.thehindubusinessline.com/companies/coal-india-increases-average-supply-to-178-mtday-so-far-in-oct/article71548036.ece)
- 2026-10-05 — MONEYCONTROL: **Govt won’t ask power plants to blend imported coal; no mandate for gas-based power either: Power Secretary** — power, electricity, coal, gas, monsoon, power demand, supply, NTPC, Coal India Ltd — [Source](https://www.moneycontrol.com/news/business/govt-won-t-ask-power-plants-to-blend-imported-coal-no-mandate-for-gas-based-power-either-power-secretary-14045030.html)
- 2026-10-05 — BUSINESSTODAY: **Coal India shares: Brokerage upgrades stock to 'Buy'; Q2 volume, MCL listing likely to boost outlook, target price raised** — Coal India, Coal India shares, Coal India share target price, Coal India stock, Coal India stock price, Coal India Q2 preview, Coal India volume, Coal India, MCL listing, Coal India MCL listing, MCL listing Coal India — [Source](https://www.businesstoday.in/markets/stocks/story/coal-india-shares-brokerage-upgrades-stock-to-buy-q2-volume-mcl-listing-likely-to-boost-outlook-target-price-raised-559552-2026-10-05)
- 2026-10-05 — REDIFF.COM: **India faces power crunch as coal stocks at thermal plants hit critical levels** — Coal inventories at nearly half of India's thermal power plants have fallen to less than 25 per cent of required stocks, with 80 out of 190 plants at critical levels as of September 24, prompting the Centre to invoke emergency provisions and consider mandating imported coal usage. — [Source](https://www.rediff.com/business/report/indias-coal-stock-crisis-power-plants-face-critical-shortages-amid-high-demand/20261005.htm)
- 2026-10-01 — CNBC-TV18: **Coal India achieves 39% of FY27 production target in H1, September output up 9%** — Production during the April-September period was down 2.5% year-on-year from 329.1 MT a year earlier. Coal India will need to produce around 494 MT in the second half of FY27 to meet its full-year target. — [Source](https://www.cnbctv18.com/market/coal-india-share-price-production-h1-fy27-target-september-output-20002854.htm)
- 2026-10-01 — Mint: **Power stocks fall despite  ₹1.86 lakh crore PM-DHARA scheme: Tata Power, Adani Power, NTPC, Power Grid in focus** — In Thursday's trading, key power stocks fell as the government revealed a ₹1.86 lakh crore scheme to boost transmission and renewable energy. The PM-DHARA initiative aims to enhance infrastructure for accommodating 135 GW of renewable energy, despite current stock market pressure. — [Source](https://www.livemint.com/market/stock-market-news/power-stocks-fall-despite-rs-1-86-lakh-crore-pm-dhara-scheme-tata-power-adani-power-ntpc-power-grid-in-focus-11790827242854.html)
- 2026-09-29 — Mint: **China’s ‘10 million tonnes’ US coal bet is about more than energy: What Beijing gets from trade deal | Explained | Mint** — US coal purchases could give American miners a new export market, while helping China offer concessions in wider trade talks with Washington. — [Source](https://www.livemint.com/economy/chinas-10-million-tonnes-us-coal-bet-is-about-more-than-energy-what-beijing-gets-from-trade-deal-11790696583941.html)
- 2026-09-29 — BUSINESSTODAY: **Stock picks during correction: Coal India, Sona BLW, Blue Star form part of defensive watchlist, says analyst** — Coal India stock outlook, Coal India breakout level, Coal India share price analysis, Sona BLW stock outlook, Blue Star stock analysis, Nifty rollover trends, stocks showing strength in weak market, defensive stock picks India, Indian stock market volatility, technical analysis Coal India, range breakout stocks, best stocks to watch now, market correction India, selective buying in weak market, relative strength stocks India, Vaishali market view, Nifty market sentiment, Indian equities outlook, stock market trading strategy, Business Today market news — [Source](https://www.businesstoday.in/markets/stocks/story/stock-picks-during-correction-coal-india-sona-blw-blue-star-form-part-of-defensive-watchlist-says-analyst-558586-2026-09-29)
- 2026-09-29 — BUSINESSTODAY: **Dividend stocks: These 10 counters offer up to 9.7% yield; PTC India, Coal India, REC among top names** — Dividend stocks, high dividend yield stocks, dividend paying stocks, PTC India, Coal India, REC, ONGC, Gujarat Pipavav Port, Power Finance Corporation, PFC, TCS, HCL Technologies, GAIL India, Petronet LNG, PSU dividend stocks, dividend income, stock market, Indian stocks, dividend yield, FY26 dividend, Religare Broking — [Source](https://www.businesstoday.in/markets/stocks/story/dividend-stocks-these-10-counters-offer-up-to-9-7-yield-ptc-india-coal-india-rec-among-top-names-558461-2026-09-29)
- 2026-09-28 — The Hindu: **No coal shortage now, supply to power plants being increased: Coal Minister** — Union Coal and Mines Minister G. Kishan Reddy on Monday stressed that there is no shortage of coal in the country, with the government increasing the supply of coal to coal-fired power plants through more railway rakes. — [Source](https://www.thehindubusinessline.com/economy/no-shortage-of-coal-now-govt-increasing-supply-of-coal-to-power-plants-through-more-railway-rakes-says-coal-minister/article71519020.ece)
- 2026-09-28 — MONEYCONTROL: **IEX moves to set up India’s first coal exchange, applies for licence** — coal, IEX, MCX, NSE, trade, exchange, price, bidding, auction — [Source](https://www.moneycontrol.com/news/business/iex-moves-to-set-up-india-s-first-coal-exchange-applies-for-licence-14039975.html)
- 2026-09-28 — The Hindu: **Markets sink to April lows at noon; crude surge, FII selling batter sentiment across sectors** — FIIs continued their selling trend, offloading equities worth ₹3,694 crore in the previous session, while DIIs purchased approximately ₹2,838 crore — [Source](https://www.thehindubusinessline.com/markets/markets-sink-to-april-lows-at-noon-crude-surge-fii-selling-batter-sentiment-across-sectors/article71518803.ece)
- 2026-09-28 — BUSINESSTODAY: **60% of thermal plants have less than a week of coal. Should you worry?** — 60% of thermal plants have less than a week of coal. Should you worry? — [Source](https://www.businesstoday.in/india/story/60-of-thermal-plants-have-less-than-a-week-of-coal-should-you-worry-558161-2026-09-28)

## Business profile

**Strategic vision:** State-owned coal mining and refining corporation supplying primary fuel.

### Business segments
- **Eastern and Northern Mining Units:** Focuses on coking coal and high-grade thermal coal mining in West Bengal and Jharkhand, and operates large-scale opencast mines in Madhya Pradesh and Uttar Pradesh.
- **Central and Southern Mining Units:** Manages operations in Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra, and Jharkhand.

### Competitive strengths
- State-owned status as a Maharatna public sector undertaking
- Extensive network of wholly owned mining subsidiaries across India
- Integrated logistics with Indian Railways for coal dispatch
- Established Fuel Supply Agreements (FSAs) with major utilities
- Investment in First Mile Connectivity (FMC) mechanization

## Related stocks

- [NTPC Limited (Energy)](https://faxioms.com/stocks/ntpc) — +0.32%
- [Oil & Natural Gas Corporation Limited (Energy)](https://faxioms.com/stocks/ongc) — +1.20%
- [Power Grid Corporation of India Limited (Energy)](https://faxioms.com/stocks/powergrid) — +0.60%
- [Reliance Industries Limited (Energy)](https://faxioms.com/stocks/reliance) — +0.67%
- [ABB India Limited (Energy)](https://faxioms.com/stocks/abb) — +1.78%

## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/coalindia
Markdown representation: https://faxioms.com/stocks/coalindia?render=md