COAL INDIA 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

COAL INDIA 2018-19 Annual Report Analysis
Mon, 22 Jul

COAL INDIA has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

COAL INDIA Income Statement Analysis

  • Operating income during the year rose 14.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 168.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 26.9% in FY19 as against 11.5% in FY18.
  • Depreciation charges increased by 12.7% and finance costs decreased by 36.1% YoY, respectively.
  • Other income grew by 18.1% YoY.
  • Net profit for the year grew by 148.1% YoY.
  • Net profit margins during the year grew from 8.2% in FY18 to 17.7% in FY19.

COAL INDIA Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 810,818 928,961 14.6%
Other income Rs m 49,749 58,737 18.1%
Total Revenues Rs m 860,567 987,698 14.8%
Gross profit Rs m 92,878 249,780 168.9%
Depreciation Rs m 30,627 34,504 12.7%
Interest Rs m 4,301 2,750 -36.1%
Profit before tax Rs m 107,699 271,263 151.9%
Tax Rs m 37,323 96,625 158.9%
Profit after tax Rs m 70,380 174,630 148.1%
Gross profit margin % 11.5 26.9
Effective tax rate % 34.7 35.6
Net profit margin % 8.2 17.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



COAL INDIA Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 458 billion as compared to Rs 483 billion in FY18, thereby witnessing an decrease of -5.2%.
  • Long-term debt stood at Rs 15 billion as compared to Rs 11 billion during FY18, a growth of 39.6%.
  • Current assets rose 5% and stood at Rs 693 billion, while fixed assets rose 12% and stood at Rs 423 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 1,327 billion as against Rs 1,255 billion during FY18, thereby witnessing a growth of 6%.

COAL INDIA Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 201,787 264,539 31.1
 
Current Liabilities Rs m 483,191 458,122 -5.2
Long-term Debt Rs m 10,544 14,723 39.6
Total Liabilities Rs m 1,254,707 1,327,188 5.8
 
Current assets Rs m 661,156 693,197 4.8
Fixed Assets Rs m 378,468 422,726 11.7
Total Assets Rs m 1,254,707 1,327,188 5.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



COAL INDIA Cash Flow Statement Analysis

  • COAL INDIA's cash flow from operating activities (CFO) during FY19 stood at Rs 167 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -83 billion, an improvement of 6.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -102 billion, an improvement of 25% on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -17 billion from the Rs -2 billion net cash flows seen during FY18.

COAL INDIA Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 211,149 166,955 -20.9%
Cash Flow from Investing Activities Rs m -77,469 -82,658 -
Cash Flow from Financing Activities Rs m -135,642 -101,516 -
Net Cash Flow Rs m -1,962 -17,220 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for COAL INDIA

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 28.3, an improvement from the EPS of Rs 11.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 220.2, stands at 8.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 6.0 times, while the price to sales ratio stands at 1.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 6.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 130.6 150.7
TTM Earnings per share Rs 11.3 28.3
Diluted earnings per share Rs 11.1 27.6
Price to Cash Flow x 13.5 6.7
TTM P/E ratio x 7.8 8.0
Price / Book Value ratio x 8.5 6.0
Market Cap Rs m 1,366,872 1,390,863
Dividends per share (Unadj.) Rs 16.5 13.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for COAL INDIA

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.5x during FY19, from 1.4x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 99.6x during FY19, from 26.0x during FY18. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 66.0% during FY19, from 34.9% during FY19. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 98.1% during FY19, from 52.7% during FY18. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 13.4% during FY19, from 6.0% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.4 1.5
Debtors’ Days Days 28 22
Interest coverage x 26.0 99.6
Debt to equity ratio x 0.1 0.1
Return on assets % 6.0 13.4
Return on equity % 34.9 66.0
Return on capital employed % 52.7 98.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how COAL INDIA has performed over the last 5 years, please visit here.

COAL INDIA Share Price Performance

Over the last one year, COAL INDIA share price has moved down from Rs 263.2 to Rs 220.2, registering a loss of Rs 43.0 or around 16.3%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

(To know more, check out historical annual results for COAL INDIA and quarterly results for COAL INDIA)

Equitymaster requests your view! Post a comment on "COAL INDIA 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

COAL INDIA Announces Quarterly Results (2QFY21); Net Profit Down 16.3% (Quarterly Result Update)

Nov 25, 2020 | Updated on Nov 25, 2020

For the quarter ended September 2020, COAL INDIA has posted a net profit of Rs 30 bn (down 16.3% YoY). Sales on the other hand came in at Rs 212 bn (up 3.8% YoY). Read on for a complete analysis of COAL INDIA's quarterly results.

COAL INDIA 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of COAL INDIA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of COAL INDIA. Also includes updates on the valuation of COAL INDIA.

COAL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 55.1% (Quarterly Result Update)

Sep 23, 2020 | Updated on Sep 23, 2020

For the quarter ended June 2020, COAL INDIA has posted a net profit of Rs 21 bn (down 55.1% YoY). Sales on the other hand came in at Rs 185 bn (down 25.9% YoY). Read on for a complete analysis of COAL INDIA's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TRACK COAL INDIA

  • Track your investment in COAL INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COAL INDIA - ASHAPURA MINECHEM COMPARISON

COMPARE COAL INDIA WITH

MARKET STATS