"In the current global scenario, Coal India (CIL) is a pure domestic play potentially offering the triple benefits of volume growth, improved e-auction prices and possibly all-time high dividend in H2FY24. This along with a rollover and valuation of 4.5X FY25E/FY26E average yields has triggered a rise in price target from Rs 361.During FY18–22, CIL recorded an average EBITDA of Rs 25,000 versus its FY24E EBITDA of Rs 40,880 crore, up 0.6% YoY. With higher volume, partial FSA price hike and cost peaking out, CIL is expected to generate EBITDA much above average in the foreseeable future, Nuvama said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Source: Economic Times October 10, 2023 16:17 UTC