COALINDIA

Coal India continues to benefit from robust demand for thermal power. Q1 FY26 production rose 11% YoY, ensuring steady revenue growth. Dividends remain attractive with a yield of ~6%, making it appealing for income investors. The company’s long-term challenge remains the transition to renewable energy, but near-term demand for coal remains strong in India. Valuations at ~10x FY26 EPS are inexpensive, reflecting its cyclical nature. Investors looking for stability and high dividends can consider Coal India, though long-term growth visibility is limited.