PT Indo Tambangraya Megah Tbk Analysis in March (2026)

PT Indo Tambangraya ...

IDX:ITMG

Rp 28.825,00

Rp-675,00 (-2,29%)

28.825,00 Rp

Rp-675,00 (-2,29%)

End-of-day quote: 03/27/2026

PT Indo Tambangraya Megah Tbk Stock Value

Analysts currently give IDX:ITMG a rating of Hold.

Hold

PT Indo Tambangraya Megah Tbk Company Info

EPS Growth 5Y

26,18%

Market Cap

Rp33.154,67 B

Long-Term Debt

Rp722,22 B

Quarterly earnings

05/09/2026 (E)

Dividend

Rp2.914,21

Dividend Yield

10,11%

Founded

1987

Industry

Energy

Country

Indonesia

Website

PT Indo Tambangraya Megah Tbk

ISIN Number

ID1000108509

Website

http://www.itmg.co.id

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp23.862,56

-17.22%

Last Update: 03/26/2026

Analysts: 13

Highest Price Target Rp34.899,42

Average Price Target Rp23.862,56

Lowest Price Target Rp19.103,55

In the last five quarters, PT Indo Tambangraya Megah Tbk’s Price Target has fallen from Rp26.311,71 to Rp23.538,46 - a -10,54% decrease. Eight analysts predict that PT Indo Tambangraya Megah Tbk’s share price will fall in the coming year, reaching Rp23.862,56. This would represent a decrease of -17,22%.

Top growth stocks in the energy sector (5Y.)

What does PT Indo Tambangraya Megah Tbk do?

PT Indo Tambangraya Megah Tbk operates in the mining industry, specializing primarily in coal production. Through its subsidiaries, the company engages in various aspects of the coal supply chain, including mining, trading, and the transportation of coal products. Business Segments The company segments its operations into various domains to better serve its market and enhance efficiency. The first primary segment, coal mining, entails multiple subsidiaries that work collaboratively to extract...

Business Segments

The company segments its operations into various domains to better serve its market and enhance efficiency. The first primary segment, coal mining, entails multiple subsidiaries that work collaboratively to extract and process coal. This includes operations at PT Indominco Mandiri, PT Trubaindo Coal Mining, PT Jorong Barutama Greston, and PT Kitadin, each showcasing significant production capabilities and compliance with environmental laws.

Beyond coal mining, the company also has a segment dedicated to coal trading, primarily facilitated by PT ITM Indonesia. This division is responsible for the sales and distribution of coal products to domestic and international markets, further solidifying the company's role within the coal supply chain. The trading segment enriches the company's offerings by ensuring a robust market presence and establishing lasting relationships with its customers.

Moreover, the company enhances its operational portfolio through a segment dedicated to mining support services, signified by PT Tambang Raya Usaha Tama. This segment encompasses a wide range of ancillary services, including logistics, maintenance, and management systems essential for optimizing production efficiency.

In addition to these segments, the company is branching into alternative energy sources and support services related to electricity through PT ITM Energi Utama and PT Bhinneka Power. This strategic diversification aligns with global trends focusing on sustainable energy solutions, showcasing the company's commitment to innovation and environmental stewardship.

Business Strategy

The company utilizes a multifaceted business strategy aimed at achieving sustainable growth while preserving its appeal within the competitive coal sector. The commitment to technological advancement ensures that the company can optimize resource extraction while minimizing environmental impact.

In recognition of the global shift towards renewable energy, the company implements a diversification strategy to mitigate risks associated with reliance on fossil fuels. The company explores opportunities in alternative energy sectors, which aligns with environmental regulations and supports a gradual transition towards greener operations.

The company's long-term vision encompasses active engagement with environmental governance, ensuring compliance with national and international regulations related to mining activities. By proactively addressing concerns around climate change and sustainability, the company solidifies its position as a responsible enterprise committed to both economic performance and social responsibility.

Products and Services

The company offers a comprehensive suite of products and services that align with its specialization in coal production and trading. The foremost product remains coal, extensively mined and processed through its subsidiaries such as PT Indominco Mandiri and PT Trubaindo Coal Mining. The coal is graded to meet the varying needs of markets, ranging from low sulfur to high-energy coal types.

The services extend to coal trading, wherein PT ITM Indonesia plays a significant role in the export and import of coal, catering to both domestic and international markets. Additionally, coal transportation services are provided, ensuring that the products reach end-users efficiently. The transportation network includes partnerships with various logistics suppliers, enhancing the speed and reliability of delivery.

Moreover, the company also includes mining support services in its portfolio through subsidiaries like PT Tambang Raya Usaha Tama. These services encompass logistical support and expertise in mining management, maintenance, and resource optimization, thereby enhancing overall operational effectiveness.

In an effort to expand its product offerings, the company is increasingly venturing into alternative energy services provided by PT ITM Energi Utama. This diversification ensures that the company remains relevant amid changing energy landscapes and addresses the growing demand for cleaner energy sources, all while maintaining its core strength in coal.

Geographical Markets Served

The company primarily operates within Indonesia, with a particular focus on East and Central Kalimantan, where the major coal reserves are located. The company strategically invests in regional expansion and development to leverage local resource advantages and reduce logistical costs. Additionally, the company actively seeks international opportunities and exports its products to various countries, strengthening its market presence globally.

Seasonality

The operations of the company can be subject to seasonality, influenced by external factors such as weather conditions and market demand fluctuations. During the rainy season, mining operations may face disruptions due to safety concerns and logistics challenges. Consequently, this can result in intermittent production rates. Additionally, the coal market itself can reflect seasonal trends, driven by demand from various sectors such as electricity generation and industrial manufacturing.

Customers

The company serves a diverse clientele, which spans various sectors including energy production, industrial manufacturing, and export markets. The company provides coal to power generation companies, cement manufacturers, and other industrial entities requiring quality coal to meet their operational demands. The customer base consists of both domestic and international markets, with the company continuously expanding its reach.

Sales and Marketing

The company employs varied sales and marketing strategies tailored to effectively reach its target clientele. The company's marketing efforts include direct sales through established networks and partnerships, coupled with strategic advertising aimed at creating brand awareness.

Distribution channels are multi-faceted, often encompassing both rail and sea transport, ensuring coal products reach customers in different geographical locations efficiently. The combination of logistics planning, and robust supply chain management allows the company to provide timely deliveries and uphold service excellence. By forging strong relationships with logistics providers, the company effectively maximizes distribution capabilities, ensuring a significant presence in the coal market both regionally and internationally.

History

PT Indo Tambangraya Megah Tbk was founded in 1987.

PT Indo Tambangraya Megah Tbk Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main industries for revenues:** - Coal mining - Energy generation - Logistics services **TOP 3 markets:** 1. **Indonesia:** approx. 40% 2. **China:** approx. 25% 3. **India:** approx. 15% PT Indo Tambangraya Megah Tbk (ITMG) generates the majority of its revenues from coal mining, which traditio...

At which locations are the company’s products manufactured?

**Production Sites:** - Kalimantan, Indonesia PT Indo Tambangraya Megah Tbk (ITMG) is an Indonesian coal mining company that operates its production facilities mainly in the Kalimantan region of Indonesia. This region is known for its abundant coal reserves, and ITMG utilizes these resources to ext...

What strategy does PT Indo Tambangraya Megah Tbk pursue for future growth?

**Revenue Growth:** Estimate 5-7% annually (2026, based on historical data and market trends) **Investments in Renewable Energy:** $200 million by 2026 PT Indo Tambangraya Megah Tbk (ITMG) pursues a growth strategy that strongly emphasizes diversification and sustainability. The company plans to d...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Machinery and equipment, chemicals **Countries of Origin:** China, Japan, USA PT Indo Tambangraya Megah Tbk (ITMG) is a significant Indonesian coal company. While the main focus is on coal production and export, the company also imports various raw materials and su...

How strong is the company’s competitive advantage?

**Market share in Indonesia:** Approx. 15% (2026, estimated) **EBITDA margin:** 30% (2026, estimated) **Raw material reserves:** 1.5 billion tons of coal (2026, estimated) PT Indo Tambangraya Megah Tbk (ITMG) has a significant competitive advantage in the Indonesian coal industry. The company b...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Estimated around 45% (2026) **Insider Buys/Sells:** No significant transactions reported (2026) The institutional investor share of PT Indo Tambangraya Megah Tbk is estimated to be around 45%. This estimate is based on historical data and typical investment patte...

What percentage market share does PT Indo Tambangraya Megah Tbk have?

**Market share of PT Indo Tambangraya Megah Tbk (ITMG):** 4.5% (2026, estimated) **Top competitors and their market shares:** 1. **PT Bumi Resources Tbk:** 12.0% 2. **PT Adaro Energy Tbk:** 10.5% 3. **PT Bukit Asam Tbk:** 9.0% 4. **PT Kaltim Prima Coal:** 7.5% 5. **PT Bayan Resources Tbk:** 6.0% 6....

Is PT Indo Tambangraya Megah Tbk stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Market Share in the Energy Sector:** 5% (2025) PT Indo Tambangraya Megah Tbk achieved solid revenue growth of 8.5% in 2025, driven by strong demand for coal and efficient operational processes. The company was able to increase its pr...

Does PT Indo Tambangraya Megah Tbk pay a dividend – and how reliable is the payout?

**Dividend Yield:** 12.5% (2025) **Dividend History:** Regular payouts for several years PT Indo Tambangraya Megah Tbk (IDX:ITMG) has offered an attractive dividend yield in recent years, most recently in 2025 with a yield of 12.5%. The company has a history of reliable dividend payments, indicatin...

New support ticket

Explore

PT Indo Tambangraya Megah Tbk Stock Value

PT Indo Tambangraya Megah Tbk Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does PT Indo Tambangraya Megah Tbk do?

PT Indo Tambangraya Megah Tbk Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

PT Indo Tambangraya Megah Tbk Stock Value

PT Indo Tambangraya Megah Tbk Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does PT Indo Tambangraya Megah Tbk do?

PT Indo Tambangraya Megah Tbk Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.