Central Mine Planning & Design Institute Limited Earnings Summary — Q4 FY2026

• CMPDI Board recommended a final dividend of ₹1.06 per share (53% of face value) for FY 2025-26.
• The company is transitioning from a captive unit of Coal India to a standalone listed entity.
• CMPDI maintains a dominant 61% market share in mining consultancy within India.
• Operating margins have significantly expanded, reaching approximately 40% in the preceding fiscal periods.
• The business remains debt-free with a high ROE profile exceeding 30%.
• Operational metrics show high discipline, with 99% of drilling targets achieved in early FY27.
• Working capital management remains a concern with high debtor days and significant receivables.
• Strategic shift identified towards 2D/3D seismic surveys and environmental sampling services.

Management is focused on diversifying geological and exploration services beyond coal while maintaining its position as the primary technical advisor to the Ministry of Coal. The push towards modernizing the mining lifecycle through environmental sampling and seismic surveys is a key strategic priority.

Improving

The introduction of a dividend and the move toward independent governance and listing indicate a shift toward shareholder-friendly policies.

The outlook remains strong due to CMPDI's monopoly-like position in coal consultancy and critical role in national energy security. Growth is expected to be driven by modernization of exploration techniques and diversification into non-coal mining sectors.