30-Oct-2026 07:51:22
COALINDIADividend
JEFFERIES ON COAL INDIA ; BUY | TP ₹460 (EARLIER ₹500)
• Jefferies maintains Buy rating on Coal India but cuts target price to ₹460 from ₹500. • Q2 cash EBITDA rises 29% YoY, while PAT jumps 53% YoY, supported by 12% growth in dispatch volumes. • Power plant coal inventories decline to just 6 days, compared with the 10-year average of 15 days. • Lower coal inventories could support stronger demand and dispatch volumes. • Jefferies expects 7% EPS CAGR over FY26–29, with an estimated dividend yield of approximately 7% supporting total returns.
COAL INDIA LTD