Coal India - Volume Momentum To Persist; Retaining A Buy: Anand Rathi

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.With dispatches of ~838 million tonnes expected in FY25 and ~900 million in FY26, Coal India Ltd. offers healthy volume assurance, driven by mounting coal demand by the power sector. The focus on ramping up of FSA and eauction volumes, along with cost-saving steps, evacuation and infrastructure-improvement projects would drive the company’s performance. We expect more than 108 million/120 million tonnes of sales via auction determined prices in FY25/26. E-auction premiums, now ~50%, are expected to be 55-59% over FY25-26. Over the last three years, the company intensified its capex (~Rs 340 billion likely over the next two years). Higher capex would pave the way for 1 billion tonnes of production over two-three years. We retain a Buy, at a 12-month Rs 545 target price, six times FY26e enterprise value/Ebitda..Click on the attachment to read the full report:.APL Apollo Tubes - An Ideal Proxy To Strong Construction Demand; Yes Securities Initiates Coverage With A Buy.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Coal India - Volume Momentum To Persist; Retaining A Buy: Anand Rathi

E-auction premiums, now ~50%, are expected to be 55-59% over FY25-26.

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Coal India - Volume Momentum To Persist; Retaining A Buy: Anand Rathi

E-auction premiums, now ~50%, are expected to be 55-59% over FY25-26.

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