Trending stocks: Coal India shares trade flat ahead of Q4 results

NEW DELHI: Shares of Coal India Ltd. traded 0.14 per cent up in Friday's trade at 10:51AM (IST). Around 287,395 shares changed hands on the counter.

The counter opened at Rs 140.8 and touched an intraday high and low of Rs 142.7 and Rs 139.6, respectively, in the session so far. Shares of the company of Coal India Ltd. quoted a 52-week high of Rs 263.05 and a 52-week low of Rs 119.25.

Total market cap of the Coal India Ltd. stood at Rs 87140.98 crore at the time of writing this report.


Coal India will announce its March quarter earnings on Friday.

Key Financials
The company reported consolidated sales of Rs 21566.41 crore for the quarter ended 31-Dec-2019, up 13.59 per cent from previous quarter's Rs 18986.5 crore and up 7.78 per cent from the year-ago quarter's Rs 23385.43 crore.

The net profit for latest quarter stood at Rs 3923.87 crore, down 14.08 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 9.41 per cent stake in the company, while foreign institutional investors held 8.2 per cent and the promoters 66.13 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 4.81 and a price-to-book ratio of 3.24. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Coal India Ltd. belongs to the Mining/Minerals industry.