On CIL divestment, former chairman of CIL Partha Bhattacharya does not think it is the right time. He explains that the company needs to improve its profitability and production to get proper value.
Coal India clocked 13 percent production growth in the third quarter (Q3) and 7 percent in the April-December period, which shows that a 10 percent production volume growth per annum is very much possible, says former chairman of CIL Partha Bhattacharya. For that to happen, however, an all-round concerted effort from the Centre and the states need to happen, he adds.
Going ahead, he expects cost per unit to fall on higher production. According to him, the PSU behemoth's prices are at a discount to international prices and there is a scope for further price hike.
On divestment, he does not think this is the right time. He explains that the company needs to improve its profitability and production to get proper value.
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Coal India stock price
On January 08, 2015, Coal India closed at Rs 378.40, up Rs 3.50, or 0.93 percent. The 52-week high of the share was Rs 423.85 and the 52-week low was Rs 240.50.
The company's trailing 12-month (TTM) EPS was at Rs 21.06 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 17.97. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 14.53.
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