COAL INDIA 2024-25 Annual Report Analysis

Tue, 5 Aug

COAL INDIA has announced its results for the year ended March 2025. Let us have a look at the detailed performance review of the company during FY24-25.

COAL INDIA Income Statement Analysis

• Operating income during the year fell 2.0% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 2.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 54.8% in FY25 as against 55.1% in FY24.
• Depreciation charges increased by 35.8% and finance costs increased by 7.8% YoY, respectively.
• Other income grew by 14.8% YoY.
• Net profit for the year declined by 5.5% YoY.
• Net profit margins during the year declined from 46.3% in FY24 to 44.6% in FY25.

COAL INDIA Income Statement 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Net Sales	Rs m	807,672	791,904	-2.0%
Other income	Rs m	118,370	135,859	14.8%
Total Revenues	Rs m	926,042	927,763	0.2%
Gross profit	Rs m	445,304	434,094	-2.5%
Depreciation	Rs m	67,354	91,455	35.8%
Interest	Rs m	8,194	8,837	7.8%
Profit before tax	Rs m	488,126	469,662	-3.8%
Tax	Rs m	114,435	116,641	1.9%
Profit after tax	Rs m	373,691	353,021	-5.5%
Gross profit margin	%	55.1	54.8
Effective tax rate	%	23.4	24.8
Net profit margin	%	46.3	44.6

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COAL INDIA Balance Sheet Analysis

• The company's current liabilities during FY25 stood at Rs 647 billion as compared to Rs 613 billion in FY24, thereby witnessing an increase of 5.7%.
• Long-term debt stood at Rs 74 billion as compared to Rs 56 billion during FY24, a growth of 31.5%.
• Current assets fell 7% and stood at Rs 962 billion, while fixed assets rose 23% and stood at Rs 1,613 billion in FY25.
• Overall, the total assets and liabilities for FY25 stood at Rs 2,575 billion as against Rs 2,345 billion during FY24, thereby witnessing a growth of 10%.

COAL INDIA Balance Sheet as on March 2025

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	827,298	991,049	19.8
Current Liabilities	Rs m	612,725	647,417	5.7
Long-term Debt	Rs m	56,172	73,858	31.5
Total Liabilities	Rs m	2,345,310	2,575,037	9.8
Current assets	Rs m	1,038,834	961,934	-7.4
Fixed Assets	Rs m	1,306,476	1,613,102	23.5
Total Assets	Rs m	2,345,310	2,575,037	9.8

COAL INDIA Cash Flow Statement Analysis

• COAL INDIA's cash flow from operating activities (CFO) during FY25 stood at Rs 292 billion, an improvement of 61.3% on a YoY basis.
• Cash flow from investing activities (CFI) during FY25 stood at Rs -101 billion, an improvement of 124.6% on a YoY basis.
• Cash flow from financial activities (CFF) during FY25 stood at Rs -133 billion, an improvement of 4% on a YoY basis.
• Overall, net cash flows for the company during FY25 stood at Rs 58 billion from the Rs -3 billion net cash flows seen during FY24.

COAL INDIA Cash Flow Statement 2024-25

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-24	Mar-25
Cash Flow from Operating Activities	Rs m	181,031	291,997	61.3%
Cash Flow from Investing Activities	Rs m	-44,858	-100,764	-
Cash Flow from Financing Activities	Rs m	-138,993	-133,085	-
Net Cash Flow	Rs m	-2,820	58,148	-

Current Valuations for COAL INDIA

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 57.3, an decline from the EPS of Rs 60.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 374.8, stands at 7.1 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.3 times, while the price to sales ratio stands at 2.9 times.
• The company's price to cash flow (P/CF) ratio stood at 6.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Sales per share (Unadj.)	Rs	131.1	128.5
TTM Earnings per share	Rs	60.6	57.3
Diluted earnings per share	Rs	60.6	57.3
Price to Cash Flow	x	6.1	6.2
TTM P/E ratio	x	7.2	7.1
Price / Book Value ratio	x	2.6	2.8
Market Cap	Rs m	2,161,423	2,754,431
Dividends per share (Unadj.)	Rs	25.5	26.5

Ratio Analysis for COAL INDIA

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.5x during FY25, from 1.7x during FY24. 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 deteriorated and stood at 54.2x during FY25, from 60.6x during FY24. 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 declined and down at 35.6% during FY25, from 45.2% during FY25. 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 declined and down at 44.9% during FY25, from 56.2% during FY24. 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 declined and down at 14.1% during FY25, from 16.3% during FY24. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Current ratio	x	1.7	1.5
Debtors’ Days	Days	6	6
Interest coverage	x	60.6	54.2
Debt to equity ratio	x	0.1	0.1
Return on assets	%	16.3	14.1
Return on equity	%	45.2	35.6
Return on capital employed	%	56.2	44.9

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 506.5 to Rs 374.8, registering a loss of Rs 131.7 or around 26.0%.

Overall, the S&P BSE SENSEX is down 1.4% over the year.

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