360 ONE sets INR 516 target for Coal India stock. Offtake rises 7.60 percent

Published on 10/19/2026 at 10:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 offtake reached 384.20 million tonnes, up 7.60 percent in fiscal 2026-27. A 63 million tonne stock drawdown frames Coal India stock.

Operating supply and valuation

360 ONE Capital Research set an INR 516 target for Coal India stock on October 2, 2026.
First-half fiscal 2026-27 offtake reached 384.20 million tonnes, up 7.60 percent year over year.
Coal India had an INR 2.5 trillion market capitalization as of October 19, 2026.

Coal India, INE522F01014, Illustration mit AI erstellt.

Coal India (ISIN INE522F01014) recorded first-half fiscal 2026-27 offtake of 384.20 million tonnes, up 7.60 percent from 357.00 million tonnes a year earlier. The Economic Times reported on October 2, 2026 that 360 ONE Capital Research set an INR 516 target for Coal India stock. The operating question is whether higher dispatches can be matched by new production.

Three dated signals for Coal India

On October 2, 2026, 360 ONE Capital Research set an INR 516 target, according to The Economic Times. On October 5, 2026, the Press Information Bureau said H1 offtake reached 384.20 million tonnes, compared with 357.00 million tonnes in the prior-year period. On October 15, 2026, Discovery Alert reported that H1 production fell 2.50 percent to about 321 million tonnes while supply rose 7.60 percent to 384.20 million tonnes.

What does the supply gap mean?

The latest operating data show stronger dispatches but a reliance on inventory. The Press Information Bureau said Coal India liquidated 63 million tonnes of pithead stocks during the first half of fiscal 2026-27, while power-sector dispatches rose 6.10 percent to 302.80 million tonnes from 285.40 million tonnes.

That distinction matters for the second half. Discovery Alert reported that Coal India would need to produce 494 million tonnes in the second half to reach its fiscal 2026-27 production target of 815 million tonnes. The same report said Q2 production rose 3.81 percent to 151.37 million tonnes, while Q2 supplies increased 12.04 percent to 186.04 million tonnes.

Financial performance provides a second reference point. According to DSIJ on July 28, 2026, Q1 fiscal 2026-27 revenue reached INR 462.55 billion, up 7.80 percent year over year, while adjusted EBITDA fell 8.50 percent. The report also cited e-auction volume of 26.50 million tonnes, up 24.80 percent.

Execution sets the valuation test

Coal India had a market capitalization of INR 2.5 trillion as of October 19, 2026. Its 52-week range was INR 369.60 to INR 491.25, keeping the operating ramp and inventory position central to the stock discussion.

Coal India was last at INR 413.20 on the NSE on October 19, 2026 at 2:00 p.m. IST.