Coal India Ltd (COAL IN) - Adj Highlights

In Millions of INR FY 2011 FY 2012

12 Months Ending 03/31/2011 03/31/2012
Market Capitalization HISTORICAL_MARKET_CAP 2,188,620.3 2,172,197.7
Cash & Equivalents CASH_AND_MARKETABLE_SECURITIES 460,191.7 592,371.9
Preferred & Other PREFERRED_EQUITY_&_MINORITY_INT 326.1 536.0
Total Debt SHORT_AND_LONG_TERM_DEBT 15,535.7 15,273.8
Enterprise Value ENTERPRISE_VALUE 1,744,290.4 1,595,635.6

Revenue, Adj SALES_REV_TURN 502,292.8 624,154.3

Growth %, YoY SALES_GROWTH 12.6 24.3
Gross Profit, Adj GROSS_PROFIT — —
Margin % GROSS_PROFIT — —
EBITDA, Adj EBITDA 135,218.1 157,705.1
Margin % EBITDA 26.9 25.3
Net Income, Adj EARN_FOR_COMMON 108,773.3 147,861.9
Margin % EARN_FOR_COMMON 21.7 23.7
EPS, Adj IS_DIL_EPS_CONT_OPS 17.22 23.41
Growth %, YoY IS_DIL_EPS_CONT_OPS 14.1 35.9

Cash from Operations CF_CASH_FROM_OPER 120,207.9 240,516.3

Capital Expenditures CAPITAL_EXPEND -25,682.0 -34,094.3
Free Cash Flow CF_FREE_CASH_FLOW 94,525.9 206,422.0
Source: Bloomberg
 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
03/31/2013 03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018
1,952,388.2 1,823,850.2 2,292,208.6 1,844,062.6 1,816,598.3 1,758,559.0
632,306.6 549,768.5 491,192.8 399,222.6 315,835.5 316,580.4
636.0 636.0 658.3 1,047.8 3,459.2 3,624.5
13,053.0 1,781.4 4,083.2 11,987.9 30,144.7 15,377.2
1,333,770.6 1,276,499.1 1,805,757.3 1,457,875.7 1,534,366.7 1,460,980.3

683,027.4 688,100.2 720,146.2 755,183.3 754,591.1 817,000.0

9.4 0.7 4.7 4.9 -0.1 8.3
— — — — — —
— — — — — —
182,546.3 179,023.7 173,834.0 187,377.9 124,476.6 95,564.9
26.7 26.0 24.1 24.8 16.5 11.7
173,805.3 151,553.1 137,403.3 142,657.0 92,768.0 70,067.4
25.4 22.0 19.1 18.9 12.3 8.6
27.52 23.99 21.75 22.59 14.80 11.29
17.5 -12.8 -9.3 3.8 -34.5 -23.7

147,075.2 209,421.0 196,613.2 181,680.6 198,943.6 236,297.3

-24,539.7 -41,163.8 -49,014.0 -57,856.7 -86,761.3 -85,293.0
122,535.5 168,257.2 147,599.2 123,823.9 112,182.3 151,004.3
FY 2019 Est FY 2020 Est
03/31/2019 03/31/2020

978,945.9 1,022,496.9
19.8 4.4
427,770.0 390,491.6
43.7 38.2
226,282.0 239,129.3
23.1 23.4
161,997.0 164,710.3
16.5 16.1
26.15 26.61
131.6 1.8

-89,044.3 -93,494.5
100,074.5 152,599.5
Coal India Ltd (COAL IN) - Adjusted
In Millions of INR except Per Share FY 2011
12 Months Ending 03/31/2011
Revenue SALES_REV_TURN 502,292.8
Sales & Services Revenue IS_SALES_AND_SERVICES_REVENUES 502,292.8
Gross Profit GROSS_PROFIT —
Other Operating Income IS_OTHER_OPER_INC 0.0
Operating Expenses IS_OPERATING_EXPN 384,728.7
Selling & Marketing IS_SELLING_EXPENSES —
Research & Development IS_OPEX_R&D 400.4
Depreciation & Amortization IS_DEPRECIATION_AND_AMORTIZATION 16,990.0
Prov For Doubtful Accts IS_PROVISION_DOUBTFUL_ACCOUNTS —
Other Operating Expense IS_OTHER_OPERATING_EXPENSES 367,338.3
Operating Income (Loss) IS_OPER_INC 117,564.1
Non-Operating (Income) Loss IS_NONOP_INCOME_LOSS -47,215.8
Interest Expense, Net IS_NET_INTEREST_EXPENSE -29,074.0
Interest Expense IS_INT_EXPENSE 569.4
Interest Income IS_INT_INC 29,643.4
Other Investment (Inc) Loss IS_OTHER_INVESTMENT_INCOME_LOSS -3.3
Foreign Exch (Gain) Loss IS_FOREIGN_EXCH_LOSS 79.6
(Income) Loss from Affiliates INCOME_LOSS_FROM_AFFILIATES —
Other Non-Op (Income) Loss IS_OTHER_NON_OPERATING_INC_LOSS -18,218.1
Pretax Income (Loss), Adjusted PRETAX_INC 164,779.9
Abnormal Losses (Gains) IS_ABNORMAL_ITEM 147.5
Disposal of Assets IS_GAIN_LOSS_DISPOSAL_ASSETS -120.6
Asset Write-Down IS_IMPAIRMENT_ASSETS 38.0
Impairment of Intangibles IS_IMPAIR_OF_INTANG_ASSETS 230.1
Pretax Income (Loss), GAAP PRETAX_INC 164,632.4
Income Tax Expense (Benefit) IS_INC_TAX_EXP 55,958.8
Current Income Tax IS_CURRENT_INCOME_TAX_BENEFIT 55,087.1
Deferred Income Tax IS_DEFERRED_INCOME_TAX_BENEFIT 871.7
Tax Allowance/Credit IS_TAX_VALN_ALLOWNCE_CREDITS —
(Income) Loss from Affiliates IS_SH_PRO_EQY_MT_INV_NET_OF_TAX —
Income (Loss) from Cont Ops IS_INC_BEF_XO_ITEM 108,673.6
Net Extraordinary Losses (Gains) XO_GL_NET_OF_TAX 0.1
Discontinued Operations IS_DISCONTINUED_OPERATIONS 0.1
XO & Accounting Changes IS_EXTRAORD_ITEMS_&_ACCTG_CHNG 0.0
Income (Loss) Incl. MI NI_INCLUDING_MINORITY_INT_RATIO 108,673.5
Minority Interest MIN_NONCONTROL_INTEREST_CREDITS 0.0
Net Income, GAAP NET_INCOME 108,673.5
Preferred Dividends IS_TOT_CASH_PFD_DVD 0.0
Other Adjustments OTHER_ADJUSTMENTS 0.0
Net Income Avail to Common, GAAP EARN_FOR_COMMON 108,673.5
Net Income Avail to Common, Adj EARN_FOR_COMMON 108,773.3
Net Abnormal Losses (Gains) IS_NET_ABNORMAL_ITEMS 99.7
Net Extraordinary Losses (Gains) XO_GL_NET_OF_TAX 0.1

Basic Weighted Avg Shares IS_AVG_NUM_SH_FOR_EPS 6,316.4

Basic EPS, GAAP IS_EPS 17.19
Basic EPS from Cont Ops IS_EARN_BEF_XO_ITEMS_PER_SH 17.21
Basic EPS from Cont Ops, Adjusted IS_BASIC_EPS_CONT_OPS 17.22

Diluted Weighted Avg Shares IS_SH_FOR_DILUTED_EPS 6,316.4

Diluted EPS, GAAP IS_DILUTED_EPS 17.19
Diluted EPS from Cont Ops IS_DIL_EPS_BEF_XO 17.21
Diluted EPS from Cont Ops, Adjusted IS_DIL_EPS_CONT_OPS 17.22

Source: Bloomberg
 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017
03/31/2012 03/31/2013 03/31/2014 03/31/2015 03/31/2016 03/31/2017
624,154.3 683,027.4 688,100.2 720,146.2 755,183.3 754,591.1
624,154.3 683,027.4 688,100.2 720,146.2 755,183.3 754,591.1
— — — — — —
0.0 0.0 17,975.0 21,054.5 24,893.0 29,521.0
486,141.4 518,867.8 547,010.3 590,587.0 620,957.5 688,703.0
— — — — 627.5 490.8
262.9 227.5 227.3 296.8 224.7 27.4
19,613.8 17,968.6 19,141.1 23,309.9 27,555.6 28,608.5
— — — — 8,845.7 23,319.5
466,264.7 500,671.7 527,641.9 566,980.3 583,704.0 636,256.8
138,012.9 164,159.6 159,064.9 150,613.7 159,118.8 95,409.1
-74,683.8 -85,996.8 -70,391.5 -65,433.8 -55,261.9 -49,008.0
-52,803.0 -61,854.4 -55,218.2 -52,908.1 -47,357.5 -35,287.2
374.7 312.7 449.5 70.8 122.2 73.9
53,177.7 62,167.1 55,667.7 52,978.9 47,479.7 35,361.1
-279.7 -1,404.9 -2,416.3 -2,796.0 -2,650.9 -1,944.9
974.1 1,031.3 539.2 123.5 248.4 13.0
— — — — — —
-22,575.2 -23,768.8 -13,296.2 -9,853.2 -5,501.9 -11,788.9
212,696.7 250,156.4 229,456.4 216,047.5 214,380.7 144,417.1
-29.9 366.0 661.0 208.3 -17.3 -46.2
-29.9 -27.4 -179.9 -49.7 -17.3 -46.2
— 95.9 293.6 52.5 — —
— 297.5 547.3 205.5 — —
212,726.6 249,790.4 228,795.4 215,839.2 214,398.0 144,463.3
64,844.5 76,226.7 77,679.0 78,573.0 71,718.7 51,647.9
68,052.8 78,509.2 74,846.2 77,354.4 72,903.7 58,182.9
-3,208.3 -2,282.5 2,832.8 1,218.6 -1,185.0 -6,535.0
— — — — — —
— — — — 11.4 17.6
147,882.1 173,563.7 151,116.4 137,266.2 142,667.9 92,797.8
0.1 0.1 0.1 0.1 0.1 0.1
0.1 0.1 0.0 0.0 0.1 0.1
0.0 0.0 0.1 0.1 0.0 0.0
147,882.0 173,563.6 151,116.3 137,266.1 142,667.8 92,797.7
0.0 0.0 -0.4 -0.9 -0.4 -2.5
147,882.0 173,563.6 151,116.7 137,267.0 142,668.2 92,800.2
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
147,882.0 173,563.6 151,116.7 137,267.0 142,668.2 92,800.2
147,861.9 173,805.3 151,553.1 137,403.3 142,657.0 92,768.0
-20.2 241.6 436.3 136.2 -11.3 -32.3
0.1 0.1 0.1 0.1 0.1 0.1

6,316.4 6,316.4 6,316.4 6,316.4 6,316.4 6,270.1

23.41 27.48 23.92 21.73 22.59 14.80
23.41 27.48 23.92 21.73 22.59 14.80
23.41 27.52 23.99 21.75 22.59 14.80

6,316.4 6,316.4 6,316.4 6,316.4 6,316.4 6,270.1

23.41 27.48 23.92 21.73 22.59 14.80
23.41 27.48 23.92 21.73 22.59 14.80
23.41 27.52 23.99 21.75 22.59 14.80
 FY 2018 FY 2019 Est FY 2020 Est
03/31/2018 03/31/2019 03/31/2020
817,000.0 978,945.9 1,022,496.9
817,000.0
— 427,770.0 390,491.6
41,624.4
793,527.8
624.6
33.3
29,361.6
3,731.9
759,776.4
65,096.6 183,245.7 191,298.0
-41,973.5
-27,469.7
239.3
27,709.0
-1,808.5
-112.4
—
-12,582.9
107,070.1 247,405.6 248,497.6
-194.3
-194.3
—
—
107,264.4 247,405.6 248,497.6
37,066.6
63,740.0
-26,673.4
—
-4.4
70,202.2 161,997.0 164,710.3
0.0
0.0
0.0
70,202.2
-1.2
70,203.4 161,997.0 164,710.3
0.0
0.0
70,203.4 161,997.0 164,710.3
70,067.4 161,997.0 164,710.3
-136.0
0.0

6,207.4
11.31 26.11 26.52
11.31 26.11 26.52
11.29 26.15 26.61

6,207.4
11.31 26.11 26.52
11.31 26.11 26.52
11.29 26.15 26.61
Coal India Ltd (COAL IN) - Standardized
In Millions of INR except Per Share
12 Months Ending
Total Assets
Cash, Cash Equivalents & STI
Cash & Cash Equivalents
ST Investments
Accounts & Notes Receiv
Accounts Receivable, Net
Notes Receivable, Net
Inventories
Raw Materials
Work In Process
Finished Goods
Other Inventory
Other ST Assets
Prepaid Expenses
Derivative & Hedging Assets
Taxes Receivable
Misc ST Assets
Total Current Assets
Property, Plant & Equip, Net
Property, Plant & Equip
Accumulated Depreciation
LT Investments & Receivables
LT Investments
Other LT Assets
Total Intangible Assets
Goodwill
Other Intangible Assets
Prepaid Expense
Deferred Tax Assets
Derivative & Hedging Assets
Investments in Affiliates
Misc LT Assets
Total Noncurrent Assets
Total Assets
Liabilities & Shareholders' Equity
Payables & Accruals
Accounts Payable
Accrued Taxes
Interest & Dividends Payable
C&CE_AND_STI_DETAILED
BS_CASH_NEAR_CASH_ITEM
BS_MKT_SEC_OTHER_ST_INVEST
BS_ACCT_NOTE_RCV
BS_ACCTS_REC_EXCL_NOTES_REC
NOTES_RECEIVABLE
BS_INVENTORIES
INVTRY_RAW_MATERIALS
INVTRY_IN_PROGRESS
INVTRY_FINISHED_GOODS
BS_OTHER_INV
OTHER_CURRENT_ASSETS_DETAILED
BS_PREPAY
BS_DERIV_&_HEDGING_ASSETS_ST
BS_TAXES_RECEIVABLE_SHORT_TERM
BS_OTHER_CUR_ASSET_LESS_PREPAY
BS_CUR_ASSET_REPORT
BS_NET_FIX_ASSET
BS_GROSS_FIX_ASSET
BS_ACCUM_DEPR
BS_LT_INVEST
BS_LONG_TERM_INVESTMENTS
BS_OTHER_ASSETS_DEF_CHRG_OTHER
BS_DISCLOSED_INTANGIBLES
BS_GOODWILL
OTHER_INTANGIBLE_ASSETS_DETAILED
BS_PREPAID_EXPENSE_LT
BS_DEFERRED_TAX_ASSETS_LT
BS_DERIV_&_HEDGING_ASSETS_LT
BS_INVEST_IN_ASSOC_CO
OTHER_NONCURRENT_ASSETS_DETAILED
BS_TOT_NON_CUR_ASSET
BS_TOT_ASSET
ACCT_PAYABLE_&_ACCRUALS_DETAILED
BS_ACCT_PAYABLE
BS_TAXES_PAYABLE
BS_INTEREST_&_DIVIDENDS_PAYABLE
 Other Payables & Accruals
ST Debt
ST Borrowings
ST Capital Leases
Current Portion of LT Debt
Other ST Liabilities
Deferred Revenue
Derivatives & Hedging
Misc ST Liabilities
Total Current Liabilities
LT Debt
LT Borrowings
LT Capital Leases
Other LT Liabilities
Accrued Liabilities
Pension Liabilities
Pensions
Other Post-Ret Benefits
Deferred Compensation
Deferred Revenue
Deferred Tax Liabilities
Derivatives & Hedging
Misc LT Liabilities
Total Noncurrent Liabilities
Total Liabilities
Preferred Equity and Hybrid Capital
Share Capital & APIC
Common Stock
Additional Paid in Capital
Other Share Capital
Treasury Stock
Retained Earnings
Other Equity
Equity Before Minority Interest
Minority/Non Controlling Interest
Total Equity
Total Liabilities & Equity
Source: Bloomberg
BS_ACCRUAL
BS_ST_BORROW
SHORT_TERM_DEBT_DETAILED
ST_CAPITAL_LEASE_OBLIGATIONS
BS_CURR_PORTION_LT_DEBT
OTHER_CURRENT_LIABS_SUB_DETAILED
ST_DEFERRED_REVENUE
BS_DERIVATIVE_&_HEDGING_LIABS_ST
OTHER_CURRENT_LIABS_DETAILED
BS_CUR_LIAB
BS_LT_BORROW
LONG_TERM_BORROWINGS_DETAILED
LT_CAPITAL_LEASE_OBLIGATIONS
OTHER_NONCUR_LIABS_SUB_DETAILED
BS_ACCRUED_LIABILITIES
PENSION_LIABILITIES
BS_PENSIONS_LT_LIABS
BS_OPRB_LT_LIABS
BS_DEFERRED_COMP_LT_LIABS
LT_DEFERRED_REVENUE
BS_DEFERRED_TAX_LIABILITIES_LT
BS_DERIVATIVE_&_HEDGING_LIABS_LT
OTHER_NONCURRENT_LIABS_DETAILED
NON_CUR_LIAB
BS_TOT_LIAB2
BS_PFD_EQTY_&_HYBRID_CPTL
BS_SH_CAP_AND_APIC
BS_COMMON_STOCK
BS_ADD_PAID_IN_CAP
BS_OTHER_SHARE_CAPITAL
BS_AMT_OF_TSY_STOCK
BS_PURE_RETAINED_EARNINGS
OTHER_INS_RES_TO_SHRHLDR_EQY
EQTY_BEF_MINORITY_INT_DETAILED
MINORITY_NONCONTROLLING_INTEREST
TOTAL_EQUITY
TOT_LIAB_AND_EQY
 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014
03/31/2009 03/31/2010 03/31/2011 03/31/2012 03/31/2013 03/31/2014

296,950.1 390,782.1 460,191.7 592,371.9 632,306.6 549,768.5

296,950.1 390,782.1 458,064.4 582,027.8 622,360.0 523,895.3
0.0 0.0 2,127.3 10,344.1 9,946.6 25,873.2
18,474.8 21,686.5 34,187.4 56,628.4 104,802.1 82,410.3
18,474.8 21,686.5 34,187.4 56,628.4 104,802.1 82,410.3
0.0 0.0 0.0 0.0 0.0 0.0
36,668.7 44,017.7 55,856.1 60,712.8 56,178.3 55,680.7
24,990.0 31,864.9 44,398.2 48,011.4 43,011.6 41,546.1
— — — — — —
— — — — — —
11,678.7 12,152.9 11,457.9 12,701.4 13,166.7 14,134.6
117,270.5 86,762.0 132,947.4 164,436.9 203,635.0 114,406.0
95,718.2 63,547.5 109,467.4 132,040.9 158,398.2 60,626.1
0.0 0.0 0.0 0.0 0.0 0.0
— — — — — —
21,552.3 23,214.5 23,480.0 32,396.0 45,236.8 53,779.9
469,364.1 543,248.3 683,182.6 874,150.0 996,922.0 802,265.5
129,282.7 142,461.1 132,106.2 145,295.8 149,702.7 166,996.7
351,744.8 371,559.9 337,992.8 360,294.2 374,419.0 404,051.0
222,462.0 229,098.8 205,886.6 214,998.4 224,716.3 237,054.3
15,051.8 12,821.4 13,144.3 15,749.0 21,574.3 19,489.0
15,051.8 12,821.4 13,144.3 15,749.0 21,574.3 19,489.0
9,548.5 9,620.3 30,212.9 34,667.8 47,448.6 53,672.3
0.0 0.0 16,898.5 18,140.9 19,914.4 24,005.3
0.0 0.0 — 0.0 0.0 0.0
0.0 0.0 — 18,140.9 19,914.4 24,005.3
— — — — — —
9,548.3 9,603.9 8,732.3 11,940.6 22,550.2 19,717.4
0.0 0.0 0.0 0.0 0.0 0.0
0.0 — — — — 0.3
0.2 16.4 4,582.1 4,586.3 4,984.0 9,949.3
153,883.0 164,902.8 175,463.4 195,712.6 218,725.6 240,158.0
623,247.1 708,151.1 858,646.0 1,069,862.6 1,215,647.6 1,042,423.5

224,742.3 194,252.7 134,152.2 167,677.3 218,398.1 69,276.2

8,662.5 7,724.9 6,454.5 8,290.2 8,371.7 8,050.8
63,110.2 36,954.7 89,995.8 102,423.2 122,207.2 5,310.7
117.0 36.7 2,576.5 7,272.9 27,307.1 74.1
152,852.6 149,536.4 35,125.4 49,691.0 60,512.1 55,840.6
1,679.4 3,394.6 2,198.1 2,220.3 2,275.1 66.8
1,679.4 3,394.6 326.0 0.0 0.0 3.2
0.0 0.0 0.0 — — —
— — 1,872.1 2,220.3 2,275.1 63.6
174,681.0 221,304.4 130,308.2 172,662.2 156,025.0 175,005.8
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
174,681.0 221,304.4 130,308.2 172,662.2 156,025.0 175,005.8
401,102.6 418,951.8 266,658.5 342,559.8 376,698.2 244,348.8
19,805.4 16,236.8 13,337.6 13,053.5 10,777.9 1,714.6
19,805.4 16,236.8 13,337.6 13,053.5 10,777.9 1,714.6
0.0 0.0 0.0 — — —
12,238.4 14,774.3 245,181.8 309,183.1 342,815.6 371,679.5
0.0 0.0 0.0 0.0 0.0 0.0
— — — — — —
— — — — — —
— — — — — —
— — 68,976.5 82,223.8 — —
0.0 0.0 0.0 0.0 0.0 0.0
0.0 — — — — —
0.0 0.0 0.0 0.0 0.0 0.0
12,238.4 14,774.3 176,205.3 226,959.3 342,815.6 371,679.5
32,043.9 31,011.1 258,519.4 322,236.6 353,593.5 373,394.1
433,146.5 449,962.8 525,177.9 664,796.4 730,291.7 617,742.9
0.0 0.0 0.0 0.0 0.0 0.0
63,163.6 63,163.6 63,163.6 63,163.6 63,163.6 63,163.6
63,163.6 63,163.6 63,163.6 63,163.6 63,163.6 63,163.6
— — — — — —
— — — — — —
0.0 0.0 0.0 0.0 0.0 0.0
40,759.4 94,341.6 153,075.5 201,056.0 246,364.4 155,153.6
86,158.59 100,446.97 116,902.90 140,310.60 175,191.90 205,727.40
190,081.7 257,952.2 333,142.0 404,530.2 484,719.9 424,044.6
19.0 236.1 326.1 536.0 636.0 636.0
190,100.6 258,188.2 333,468.1 405,066.2 485,355.9 424,680.6
623,247.1 708,151.1 858,646.0 1,069,862.6 1,215,647.6 1,042,423.5
 FY 2015 FY 2016 FY 2017 FY 2018
03/31/2015 03/31/2016 03/31/2017 03/31/2018

491,192.8 399,222.6 315,835.5 316,580.4

472,688.9 379,823.0 310,700.8 314,524.7
18,503.9 19,399.6 5,134.7 2,055.7
85,218.8 114,476.1 124,762.7 86,891.6
85,218.8 114,476.1 124,762.7 86,891.6
0.0 0.0 0.0 0.0
61,838.2 75,691.7 89,452.7 64,438.5
47,121.6 61,625.4 74,127.9 49,790.9
— 0.0 0.0 0.0
— 0.0 0.0 0.0
14,716.6 14,066.3 15,324.8 14,647.6
140,545.3 133,874.8 169,148.2 220,232.3
80,821.5 20,617.8 20,087.2 28,537.8
0.0 0.0 0.0 0.0
— 49,442.4 74,679.7 81,777.3
59,723.8 63,814.6 74,381.3 109,917.2
778,795.1 723,265.2 699,199.1 688,142.8
184,505.6 265,669.0 323,389.4 378,343.0
440,565.5 292,457.5 379,338.9 462,742.7
256,059.9 26,788.5 55,949.5 84,399.7
22,103.7 10,393.8 9,820.7 19,788.6
22,103.7 10,393.8 9,820.7 19,788.6
120,010.2 128,954.0 145,743.0 188,642.9
28,238.5 688.1 576.5 295.3
0.0 0.0 0.0 0.0
28,238.5 688.1 576.5 295.3
— 0.0 0.7 0.0
19,596.2 20,445.4 27,327.6 53,550.5
0.0 0.0 0.0 0.0
42.7 73.3 106.1 3,442.8
72,132.8 107,747.2 117,732.1 131,354.3
326,619.5 405,016.8 478,953.1 586,774.5
1,105,414.6 1,128,282.0 1,178,152.2 1,274,917.3

107,056.0 109,685.3 125,156.1 169,566.7

9,207.6 32,971.5 38,843.1 45,169.3
4,720.0 2,950.8 4,317.1 2,464.4
123.4 326.1 791.2 226.0
 93,005.0 73,436.9 81,204.7 121,707.0
2,064.9 9,357.3 27,196.7 4,833.2
2,001.1 9,290.3 27,129.7 4,765.4
— 0.0 0.0 0.0
63.8 67.0 67.0 67.8
184,974.1 194,499.0 287,805.5 333,550.9
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
184,974.1 194,499.0 287,805.5 333,550.9
294,095.0 313,541.6 440,158.3 507,950.8
2,018.3 2,630.6 2,948.0 10,544.0
2,018.3 2,630.6 2,948.0 10,544.0
— 0.0 0.0 0.0
405,112.3 462,730.4 486,405.8 554,332.3
0.0 0.0 0.0 0.0
— — 0.0 0.0
— — 0.0 0.0
— — 0.0 0.0
44,816.6 42,314.0 32,012.7 58,938.9
0.0 3,332.6 3,700.4 6,656.0
— — — —
0.0 0.0 0.0 0.0
360,295.7 417,083.8 450,692.7 488,737.4
407,130.6 465,361.0 489,353.8 564,876.3
701,225.6 778,902.6 929,512.1 1,072,827.1
0.0 0.0 0.0 0.0
63,163.6 63,163.6 62,074.1 62,074.1
63,163.6 63,163.6 — —
— 0.0 — —
— 0.0 — —
0.0 0.0 0.0 0.0
107,540.0 35,507.3 -37,399.9 -96,015.7
232,827.10 249,660.66 220,506.70 232,407.30
403,530.7 348,331.6 245,180.9 198,465.7
658.3 1,047.8 3,459.2 3,624.5
404,189.0 349,379.4 248,640.1 202,090.2
1,105,414.6 1,128,282.0 1,178,152.2 1,274,917.3
Coal India Ltd (COAL IN) - Standardized
In Millions of INR except Per Share
12 Months Ending
Cash from Operating Activities
Net Income
Depreciation & Amortization
Non-Cash Items
Other Non-Cash Adj
Chg in Non-Cash Work Cap
(Inc) Dec in Accts Receiv
(Inc) Dec in Inventories
Inc (Dec) in Other
Net Cash From Disc Ops
Cash from Operating Activities
Cash from Investing Activities
Change in Fixed & Intang
Disp in Fixed & Intang
Disp of Fixed Prod Assets
Disp of Intangible Assets
Acq of Fixed & Intang
Acq of Fixed Prod Assets
Acq of Intangible Assets
Net Change in LT Investment
Dec in LT Investment
Inc in LT Investment
Net Cash From Acq & Div
Cash from Divestitures
Cash for Acq of Subs
Cash for JVs
Other Investing Activities
Net Cash From Disc Ops
Cash from Investing Activities
Cash from Financing Activities
Dividends Paid
Cash From (Repayment) Debt
Cash (Repurchase) of Equity
Increase in Capital Stock
Decrease in Capital Stock
Other Financing Activities
Net Cash From Disc Ops
Cash from Financing Activities
CF_NET_INC
CF_DEPR_AMORT
NON_CASH_ITEMS_DETAILED
OTHER_NON_CASH_ADJ_LESS_DETAILED
CF_CHNG_NON_CASH_WORK_CAP
CF_ACCT_RCV_UNBILLED_REV
CF_CHANGE_IN_INVENTORIES
INC_DEC_IN_OT_OP_AST_LIAB_DETAIL
CF_NET_CASH_DISCONT_OPS_OPER
CF_CASH_FROM_OPER
CHG_IN_FXD_&_INTANG_AST_DETAILED
DISP_FXD_&_INTANGIBLES_DETAILED
CF_DISPOSAL_OF_FIXED_PROD_ASSETS
CF_DISPOSAL_OF_INTANGIBLE_ASSETS
ACQUIS_FXD_&_INTANG_DETAILED
CF_PURCHASE_OF_FIXED_PROD_ASSETS
CF_ACQUISITION_OF_INTANG_ASSETS
NET_CHG_IN_LT_INVEST_DETAILED
CF_DECR_INVEST
CF_INCR_INVEST
CF_NT_CSH_RCVD_PD_FOR_ACQUIS_DIV
CF_CASH_FOR_DIVESTITURES
CF_CASH_FOR_ACQUIS_SUBSIDIARIES
CF_CASH_FOR_JOINT_VENTURES_ASSOC
OTHER_INVESTING_ACT_DETAILED
CF_NET_CASH_DISCONTINUED_OPS_INV
CF_CASH_FROM_INV_ACT
CF_DVD_PAID
PROC_FR_REPAYMNTS_BOR_DETAILED
PROC_FR_REPURCH_EQTY_DETAILED
CF_INCR_CAP_STOCK
CF_DECR_CAP_STOCK
CF_OTHER_FINANCING_ACT_EXCL_FX
CF_NET_CASH_DISCONTINUED_OPS_FIN
CFF_ACTIVITIES_DETAILED
 Effect of Foreign Exchange Rates CF_EFFECT_FOREIGN_EXCHANGES

Net Changes in Cash CF_NET_CHNG_CASH

Cash Paid for Taxes CF_CASH_PAID_FOR_TAX

Cash Paid for Interest CF_ACT_CASH_PAID_FOR_INT_DEBT

Source: Bloomberg
 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
03/31/2009 03/31/2010 03/31/2011 03/31/2012 03/31/2013 03/31/2014 03/31/2015

40,628.1 96,224.5 108,673.5 147,882.0 173,563.6 151,116.7 137,267.0

10,630.3 6,749.9 17,654.0 19,692.2 18,386.7 19,958.8 23,220.3
8,270.6 29,917.1 37,164.6 37,295.0 23,514.5 35,903.5 29,639.0
8,270.6 29,917.1 37,164.6 37,295.0 23,514.5 35,903.5 29,639.0
56,054.1 -1,310.2 -43,284.2 35,647.1 -68,389.6 2,442.0 6,486.9
-1,904.3 -3,425.0 -8,569.1 -22,491.5 -48,173.7 22,391.8 -2,808.5
-2,829.0 -7,188.9 -11,838.7 -4,856.7 4,534.5 497.6 -6,157.5
60,787.4 9,303.7 -22,876.4 62,995.3 -24,750.4 -20,447.4 15,452.9
0.0 0.0 — — — — 0.0
115,583.1 131,581.2 120,207.9 240,516.3 147,075.2 209,421.0 196,613.2

-18,746.1 -19,803.7 -25,682.0 -34,094.3 -24,539.7 -41,163.8 -49,014.0

— — 0.0 0.0 0.0 0.0 0.0
— — 0.0 0.0 0.0 0.0 0.0
— — 0.0 0.0 0.0 0.0 0.0
-18,746.1 -19,803.7 -25,682.0 -34,094.3 -24,539.7 -41,163.8 -49,014.0
-18,746.1 -19,803.7 -25,682.0 -34,094.3 -24,539.7 -41,163.8 -49,014.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
2,127.2 2,230.4 0.0 0.0 — — —
2,127.2 2,230.4 0.0 0.0 — — —
0.0 0.0 0.0 0.0 — — —
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 2,184.5 -112,186.8 -50,220.4 62,207.3 5,085.9
0.0 0.0 — — — — 0.0
-16,618.9 -17,573.3 -23,497.5 -146,281.1 -74,760.1 21,043.5 -43,928.1

-17,054.2 -22,100.0 -25,832.2 -74,290.8 -79,069.5 -242,430.2 -155,962.6

2,645.7 -616.3 -5,035.3 -2,473.9 -2,287.0 -12,633.7 1,934.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
2,779.7 2,535.8 1,439.4 3,483.2 3,288.8 2,141.4 3,843.9
0.0 0.0 — — — — 0.0
-11,628.9 -20,180.4 -29,428.1 -73,281.5 -78,067.7 -252,922.5 -150,183.9
 0.0 0.0 0.0 0.0 0.0 0.0 0.0

87,335.3 93,827.5 67,282.3 20,953.7 -5,752.6 -22,458.0 2,501.2

27,907.1 39,989.9 56,228.0 67,043.7 86,517.2 88,263.9 95,720.5

1,610.5 1,444.9 737.0 539.8 451.7 580.0 73.2
 FY 2016 FY 2017 FY 2018
03/31/2016 03/31/2017 03/31/2018

142,668.2 92,800.2 70,203.4

28,259.1 29,067.5 30,468.3
37,450.1 13,387.8 -2,824.7
37,450.1 13,387.8 -2,824.7
-26,696.8 63,688.1 138,450.3
-29,664.2 -10,569.3 38,789.3
-14,122.2 -13,761.0 24,812.2
17,089.6 88,018.4 74,848.8
— 0.0 0.0
181,680.6 198,943.6 236,297.3

-57,856.7 -86,761.3 -85,293.0

0.0 0.0 0.0
0.0 0.0 0.0
0.0 0.0 0.0
-57,856.7 -86,761.3 -85,293.0
-57,856.7 -86,761.3 -85,293.0
0.0 0.0 0.0
— — —
— — —
— — —
-0.7 -50.3 -3,332.2
0.0 0.0 0.0
0.0 0.0 0.0
-0.7 -50.3 -3,332.2
89,048.9 56,716.5 -12,181.4
— 0.0 0.0
31,191.5 -30,095.1 -100,806.6

-208,301.5 -151,031.2 -123,238.1

9,902.3 18,168.5 -14,778.1
0.0 -45,530.8 0.0
0.0 0.0 0.0
0.0 -45,530.8 0.0
2,732.2 2,720.1 2,513.1
— 0.0 0.0
-195,667.0 -175,673.4 -135,503.1
 0.0 0.0 0.0

17,205.1 -6,824.9 -12.4

78,754.2 89,415.3 74,328.9

206.5 306.3 369.9
Coal India Ltd (COAL IN) - Profitability
In Millions of INR except Per Share FY 2009
12 Months Ending 03/31/2009
Returns
Return on Common Equity RETURN_COM_EQY 22.44
Return on Assets RETURN_ON_ASSET 7.18
Return on Capital RETURN_ON_CAP 20.47
Return on Invested Capital RETURN_ON_INV_CAPITAL 1.07

Margins
EBITDA Margin EBITDA_TO_REVENUE 4.73
Operating Margin OPER_MARGIN 1.99
Incremental Operating Margin INCREMENTAL_OPERATING_MARGIN —
Pretax Margin PRETAX_INC_TO_NET_SALES 14.79
Income before XO Margin INC_BEF_XO_ITEMS_TO_NET_SALES 5.35
Net Income Margin PROF_MARGIN 10.47
Net Income to Common Margin NET_INCOME_TO_COMMON_MARGIN 10.47

Additional
Effective Tax Rate EFF_TAX_RATE 63.83
Dvd Payout Ratio DVD_PAYOUT_RATIO 82.17
Sustainable Growth Rate SUSTAIN_GROWTH_RT 4.00
Source: Bloomberg
 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
03/31/2010 03/31/2011 03/31/2012 03/31/2013 03/31/2014 03/31/2015

42.95 36.77 40.09 39.04 33.26 33.17

14.45 13.87 15.34 15.19 13.38 12.78
39.52 34.79 38.51 37.83 32.74 32.90
21.26 20.50 19.97 20.08 20.00 22.46

22.15 26.86 25.26 26.67 25.89 24.09

20.64 23.35 22.10 23.97 22.99 20.87
144.80 44.91 16.97 43.80 — —
31.30 32.78 34.08 36.57 33.25 29.97
21.57 21.64 23.69 25.41 21.96 19.06
21.57 21.64 23.69 25.41 21.96 19.06
21.57 21.64 23.69 25.41 21.96 19.06

31.10 33.99 30.48 30.52 33.95 36.40

22.97 22.67 42.71 50.95 121.21 95.25
33.09 28.44 22.97 19.15 -7.06 1.58
 FY 2016 FY 2017 FY 2018
03/31/2016 03/31/2017 03/31/2018

37.95 31.27 31.65

12.77 8.05 5.72
37.10 29.01 28.36
29.34 26.43 20.19

24.81 16.50 11.69

21.07 12.64 7.96
25.13 -10,755.34 —
28.39 19.14 13.13
18.89 12.30 8.59
18.89 12.30 8.59
18.89 12.30 8.59

33.45 35.75 34.56

121.31 133.11 145.89
-8.09 -10.35 -14.52