Shares of Coal India (CIL), which is a state-owned Maharatna firm, on Monday fell 3.2% to Rs 230 after the company reported a consolidated net profit of Rs 5,528 crore for the fourth quarter ended March 2023. This is a decline of 18% from Rs 6,715 crore clocked in the corresponding quarter of last fiscal.However, its revenue from operations stood at Rs 38,152 crore in Q4 FY23, up 17% year-on-year (YoY) as compared to Rs 32,709 crore in Q4 FY22.Meanwhile, for FY23, Coal India posted a massive 62% growth in profit after tax at Rs 28,125 crore compared to Rs 17,378 crore in FY22. This was despite provisioning Rs 8,153 crore in the accounts in 2022-23 towards wage revision of CIL’s non-executive manpower.Climbing to an all-time high, the annual PAT bested the previous high of Rs 17,464 crore recorded in 2018-19 by 61%. Higher volume sales and increased premiums in e-auction bolstered the company’s profitability.The company has declared a final dividend of Rs 4 per share, taking the total dividend to Rs 24.25 for FY23.At 11.29 am, the stock was trading 2.5% lower at Rs 231.5 on BSE. However, it has risen 26% in the last one year.Should you buy, sell or hold Coal India's stock? Here's what analysts say:JefferiesGlobal brokerage firm Jefferies retained its hold rating on Coal India with a target price of Rs 225."After a strong 123% rise in EPS over FY21-23, we expect earnings to decline 15% YoY in FY24. Stock trades at a reasonable 6.1x FY24E PE with ~9% dividend yield, although longer-term concerns around ESG as well as capability to deliver sustainable volume growth and take continued linkage price hikes remain. We fine-tune estimates and retain Hold with Rs 225 PT at 6x FY25E PE," it said.Motilal OswalMotilal Oswal retained its buy rating on Coal India with a target price of Rs 285."We maintain our e-auction premium estimate for FY24 at 99%. We have reduced our adjusted EBITDA/APAT estimates for FY24 by 9.2%/9.9% to factor in higher employee cost provisions. COAL remains our top pick in the metals and mining sector. At CMP, the stock trades at an inexpensive valuation of 3.9x FY24E EV/EBITDA," Motilal said.