List of Top Coal Shares Listed on NSE for 2026
In India, coal remains central to electricity generation, contributing around 75% of total power generation. Despite growth in renewable energy, coal continues to support power, steel, cement, aluminium, and other energy-intensive industries due to its domestic availability and established infrastructure.
List of Best Coal Shares in India
Monday, 3 August, 2026
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASHM | Ashapura Minechem Ltd | ASHAPURMIN | /stocks/ashapura-minechem-ASHM | Metals - Diversified | 702.55 | 924.90 | 455.10 | 6,711.19 | 16.72 | 24.67 | 5.49 | 0.28 | 27.65 | 26.70 | 294.91 | 383.35 | Smallcap | Materials | Metals & Mining | Diversified Metals & Mining | 2.18 |
| COAL | Coal India Ltd | COALINDIA | /stocks/coal-india-COAL | Mining - Coal | 414.15 | 491.25 | 368.65 | 255,229.39 | 8.21 | 24.67 | 2.55 | 6.46 | 38.53 | 10.04 | 80.65 | 187.80 | Largecap | Energy | Metals & Mining | Coal & Consumable Fuels | 0.45 |
| DBRL | Valor Estate Ltd | DBREALTY | /stocks/d-b-realty-DBRL | Real Estate | 112.80 | 188.29 | 83.50 | 6,118.35 | 240.12 | 45.25 | 1.23 | 0.00 | -2.48 | -39.13 | 52.51 | 386.42 | Smallcap | Real Estate Management & Development | Real Estate | Real Estate Development | 0.20 |
| GMDC | Gujarat Mineral Development Corporation Ltd | GMDCLTD | /stocks/gujarat-mineral-development-corporation-GMDC | Mining - Diversified | 564.25 | 771.90 | 379.70 | 17,943.15 | 18.76 | 24.67 | 2.80 | 1.68 | 10.96 | 43.28 | 210.62 | 717.16 | Smallcap | Energy | Metals & Mining | Coal & Consumable Fuels | -0.58 |
| KIOC | KIOCL Ltd | KIOCL | /stocks/kiocl-KIOC | Iron & Steel | 365.55 | 634.55 | 290.65 | 22,216.34 | 1,340.76 | 24.67 | 12.98 | 0.00 | -11.27 | 14.99 | 76.81 | 22.09 | Smallcap | Materials | Metals & Mining | Steel | 8.03 |
| MICR | 20 Microns Ltd | 20MICRONS | /stocks/20-microns-MICR | Specialty Chemicals | 192.46 | 246.61 | 129.61 | 679.12 | 10.16 | 24.67 | 1.39 | 0.65 | 14.51 | -17.92 | 65.06 | 188.98 | Smallcap | Materials | Chemicals | Specialty Chemicals | 1.85 |
| MMTC | MMTC Ltd | MMTC | /stocks/mmtc-MMTC | Commodities Trading | 62.66 | 78.35 | 50.10 | 9,399.00 | 24.26 | 44.85 | 5.52 | 0.00 | 5.21 | -3.05 | 64.68 | 26.59 | Smallcap | Capital Goods | Trading Companies & Distributors | Trading Companies & Distributors | 1.58 |
| MOIL | Moil Ltd | MOIL | /stocks/moil-MOIL | Mining - Manganese | 281.05 | 404.90 | 242.35 | 5,718.95 | 21.38 | 24.67 | 2.17 | 1.90 | 14.99 | -18.00 | 51.43 | 50.41 | Smallcap | Materials | Metals & Mining | Steel | 0.36 |
| NMDC | NMDC Ltd | NMDC | /stocks/nmdc-NMDC | Mining - Iron Ore | 85.04 | 97.49 | 68.19 | 74,765.62 | 10.04 | 24.67 | 2.52 | 4.12 | 23.59 | 20.13 | 117.60 | 100.71 | Midcap | Materials | Metals & Mining | Steel | -1.46 |
| ORIS | Orissa Minerals Development Company Ltd | ORISSAMINE | /stocks/orissa-minerals-development-company-ORIS | Mining - Diversified | 3,986.40 | 6,138.90 | 3,100.50 | 2,391.84 | -821.94 | 24.67 | -46.37 | 0.00 | 0.00 | -19.01 | 0.84 | 29.93 | Smallcap | Materials | Metals & Mining | Steel | 3.01 |
| SANDU | Sandur Manganese and Iron Ores Ltd | SANDUMA | /stocks/sandur-manganese-and-iron-ores-SANDU | Mining - Manganese | 212.84 | 273.00 | 141.37 | 10,346.25 | 15.76 | 24.67 | 3.16 | 0.23 | 22.27 | 41.52 | 139.90 | 139.90 | Smallcap | Materials | Metals & Mining | Steel | -0.37 |
Disclaimer: Please note that the above list of coal stocks is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of coal stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Selection criteria: ‘Sub-sector‘: Mining – Coal | ‘Market Cap‘: Sorted from Highest to Lowest
Explore screensWhat are Coal Shares?
Coal shares represent companies engaged in coal mining, processing, and sale. These companies operate across various regions, catering to industries like power generation, steel manufacturing, and cement production.
Overview of Top Coal Shares
- Coal India Ltd: Founded in 1975, Coal India Ltd is the world’s largest coal producer. It produces and sells coal used in industries like power generation, steel, and cement. The company runs more than 350 mines across India.
- NMDC Ltd: Established in 1958, NMDC Ltd is a government-owned mining company. It focuses on producing iron ore and other minerals like copper. NMDC is one of the largest iron ore producers in India.
- KIOCL Ltd: KIOCL Ltd, founded in 1976, is a government company that makes iron ore pellets and exports steel-related products. It operates iron ore mines and plants, supporting the steel industry in India and abroad.
- Gujarat Mineral Development Corporation Ltd: Founded in 1963, Gujarat Mineral Development Corporation Ltd (GMDC) is a state-run company involved in mining minerals like lignite, bauxite, and limestone. It plays a major role in India’s mineral resources sector.
- MMTC Ltd: MMTC Ltd, started in 1963, is one of India’s largest trading companies. It imports and exports metals, minerals, and agricultural products, helping to boost India’s international trade.
GST 2.0 Impact on Coal Sector
- Supply Chain Strengthening: The ₹400 per tn coal cess is removed, and coal now has 18% GST, so taxes are more even across coal grades and past distortions are fixed.
- Operational Simplification Focus: GST on multimodal freight is reduced from 12% to 5%, which lowers logistics costs for moving minerals and coal. Coal moves from 5% GST plus a ₹400/tn cess to a single 18% GST with no cess.
How to Invest in Coal Shares?
Here’s how you can invest in coal shares in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the best coal industry stocks that match your investment thesis. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on the coal sector stocks.
Advantages of Investing in Coal Shares
- Power Sector Dependence: Coal remains central to India’s electricity system, with coal-based thermal power contributing around 75% of total power generation.
- Large Domestic Production Base: India produced 210.46 mn tonnes (MT) of coal in FY 2025-26, reflecting the scale of domestic mining and supply.
- Captive and Commercial Mining Growth: Captive and commercial mines produced 210.46 MT in FY 2025-26, up 10.22% year-on-year, supporting non-Coal India supply growth.
- Import Substitution Focus: India’s coal imports fell 12.95% year-on-year in April 2026, reflecting policy focus on domestic supply and lower import dependence.
- Industrial Demand Linkage: Coal shares are linked to power, steel, cement, aluminium, sponge iron, and other energy-intensive industries that depend on a steady supply of coal.
Risks Associated with Investing in Coal Shares
- Energy Transition Risk: Renewable energy expansion, storage, green hydrogen, and decarbonisation policies can affect long-term demand for coal-based power and industrial coal.
- Regulatory and Environmental Risks: Coal mining faces risks related to land acquisition, forest clearance, pollution norms, mine closure rules, emission controls, and carbon-related policies.
- Production and Dispatch Risk: Coal companies depend on mine output, railway rakes, logistics, weather conditions, evacuation capacity, and offtake from power and industrial customers.
- Import and Price Risk: Coal prices, availability of imported coal, global demand, freight costs, and currency movements can affect users of thermal and coking coal.
- Customer Concentration Risk: Coal demand is heavily linked to power generation. Weak electricity demand, high plant stocks, or lower thermal PLFs can affect coal offtake.
Factors to Consider Before Investing in Coal Shares
- Power Sector Demand: Coal demand is closely linked to electricity demand, thermal power generation, plant load factors, and coal stock levels at power plants.
- Domestic Production Trends: Mine output, production targets, captive coal production, commercial mining activity, and import substitution efforts can affect coal-linked companies.
- Coal Dispatch and Logistics: Railway rake availability, mine evacuation capacity, port movement, road transport, and weather disruptions can influence coal supply and offtake.
- Industrial Coal Demand: Demand from steel, cement, aluminium, sponge iron, power, and other energy-intensive industries can affect coal consumption.
- Regulatory and Energy Transition Risk: Mining approvals, forest clearances, emission norms, decarbonisation policies, renewables, storage, and green hydrogen can affect long-term demand.
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To Wrap it Up…
Coal shares remain a significant part of the global energy sector, providing exposure to the commodity market. Despite the ongoing transition to renewable energy, coal-related companies remain relevant due to their contributions to industries such as steel manufacturing, cement production, and electricity generation. However, investors must remain cautious about sector-specific risks, including regulatory challenges, environmental concerns, and market volatility.
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Frequently Asked Questions About Coal Shares
1. What are coal shares in India?
Coal shares represent companies involved in the coal industry in India. These companies can be involved in coal mining, production, distribution, and related mineral businesses.
2. What are coal mining stocks in India?
Coal shares represent companies involved in the coal industry in India. These companies can be involved in coal mining, production, distribution, and related mineral businesses.
3. What are the top 10 coal companies in India?
As of 17th July 2026, the top 10 coal stocks in India, based on market capitalisation, are:
- Coal India Ltd.
- NMDC Ltd.
- KIOCL Ltd.
- Gujarat Mineral Development Corporation Ltd.
- MMTC Ltd.
- Sandur Manganese and Iron Ores Ltd.
- Moil Ltd.
- Ashapura Minechem Ltd.
- Orissa Minerals Development Company Ltd.
- 20 Microns Ltd.
Disclaimer: Please note that the above list of coal sector stocks is for educational purposes only, and is not recommendatory.
4. Is coal stock a good investment?
Whether coal sector stocks are suitable depends on factors such as coal demand, company performance, government policies, mining approvals, power sector demand, and broader market conditions.
Disclaimer: This information is for educational purposes only and should not be considered investment advice.
4. Who is the biggest coal company in India?
As of 17th July 2026, Coal India Ltd is the biggest coal company in India based on market capitalisation. It is also among the top 5 coal companies in India in terms of production scale and industry presence.
5. How to perform coal stock analysis?
To track coal stock market performance or analyse coal stocks in India, you can use tools like Tickertape, which offers more than 200 filters across financial and market metrics. These filters can help evaluate earnings, profit margins, debt levels, valuation, and more.
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