Business »  Topic »  Coal India: A good bargain at the current valuation

Coal India: A good bargain at the current valuation


Representative image

If one can live without the excitement often driven by growth, Coal India at 9-10 percent dividend yield is a good option. While earnings growth remains elusive, a 33 percent correction in the past one year has brought the stock below its historical valuations.

Coal India, which is sitting on a cash of close to Rs 33,000 crore or 27 percent of its market capitalisation, is trading at 7.2 times its FY21 estimated earnings.

In 2019-20, it is expected to earn profit of close to Rs 17,000-18,000 crore on net worth of about Rs ...


Read the full text moneycontrol