Bharat Coking Coal
Bharat Coking Coal (BHARATCOAL) share price was ₹30.11 at the 28 Oct 2026 close; market capitalisation ₹14,022 Cr; sector Oil & Gas. In the Jun 2026 quarter, revenue fell 3.6% year on year to ₹3,587.3 Cr and net profit was −₹68 Cr, against ₹177 Cr a year earlier (compared with Jun 2025). Promoters held 90.00% of Bharat Coking Coal in Sep 2026, unchanged from Jun 2026.
Key Fundamentals
SmallcapCoalOil & GasPrice-based figures as of 28 Oct 2026, 15:59 IST · EPS basis: Standalone · TTM
Peer Comparison
Energy › Oil & Gas › Coal
| ₹392.00 | 7.74 | 2,41,579 Cr | 2.03 | 1.38% | 25.68% | 19.79% | 1,63,027 Cr | 31,187 Cr | |
| Bharat Coking Coal (this company) | ₹30.11 | — | 14,022 Cr | 2.41 | 0.00% | 2.22% | 3.13% | 15,673 Cr | -117 Cr |
| ₹517.40 | 20.61 | 3,383 Cr | 2.95 | 0.00% | 24.38% | 19.84% | 1,629 Cr | 135 Cr | |
| ₹5.95 | — | 5 Cr | — | 0.00% | 17.17% | 11.24% | 0 Cr | -0 Cr | |
| ₹20.43 | 40.86 | — | 1.40 | 0.00% | 2.54% | 4.28% | 618 Cr | 78 Cr | |
| Median 5 companies | ₹30.11 | 20.61 | 8,702 Cr | 2.22 | 0.00% | 17.17% | 11.24% | 1,629 Cr | 78 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.1,233 Cr.
- Debtor days have increased from 51.0 to 76.6 days.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -1.8% · Jun 2026
AI Analysis — Bull vs Bear
Bharat Coking Coal Ltd trades at ₹29.76 with a market cap of ₹13,859 Cr as of 2026-10-23, near its 52-week low of ₹28.92. The company has swung from historically solid profitability (5-year compounded profit growth of 16%) to a sharp TTM profit decline of -91%, with trailing EPS turning negative at -₹0.25 and ROE collapsing to 2.22% from a 3-year average of 18%.
- Reasonable 5-year compounded sales growth of 16% indicates the company scaled revenue meaningfully over a longer horizon
- 5-year compounded profit growth of 16% shows the business was capable of sustained earnings expansion before the recent downturn
- 3-year average ROE of 18% and 5-year average ROE of 16% demonstrate historically strong capital efficiency
- Debt-to-equity ratio of 0.39 is relatively conservative, suggesting the balance sheet is not over-leveraged
- Price-to-book ratio of 2.4x is modest for a company with historically high return ratios, and the stock trades just 2.9% above its 52-week low of ₹28.92
- Stock has corrected 34% from its 52-week high of ₹45.09, potentially reflecting much of the earnings deterioration already
- Other income of ₹1,233 Cr, while a quality concern, does provide a cash flow cushion that supports near-term solvency
- TTM EPS is negative at -₹0.25 and PE ratio is not computable, indicating the company is currently loss-making on a trailing basis
- TTM compounded profit has collapsed by -91%, signaling a severe and rapid deterioration in earnings
- ROE has plunged from a 3-year average of 18% to just 2.22% in the last year, reflecting a dramatic decline in profitability
- TTM sales have declined by -14%, suggesting weakening demand or pricing pressure in its core coking coal business
- Debtor days have increased from 51.0 to 76.6 days, indicating deteriorating receivables quality and potential collection issues
- Dividend yield is 0% despite reporting repeated profits historically — the company is not returning cash to shareholders
- Earnings quality is questionable as ₹1,233 Cr of other income is embedded in reported profits, masking weaker core operating performance
- Low interest coverage ratio suggests debt servicing could become strained if operating earnings remain depressed
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Massive ₹3,817 crore recovery notice Oct 1
BCCL received a certificate proceeding for ₹3,816.83 crore under the Bihar and Orissa Public Demands Recovery Act. The company is still examining the claim basis, representing a significant financial liability.
- SC upholds ₹46.20 crore order Oct 14
Supreme Court dismissed BCCL's petition, upholding a ₹46.20 crore payment order to AT-Libra BPL JV for HEMM services at Golukdih NC Project.
- NGT disposes illegal mining case Oct 16
The National Green Tribunal disposed of a case alleging illegal mining by BCCL, citing parallel jurisdiction with the Jharkhand High Court. This removes one regulatory overhang.
- Board meeting postponed to Oct 25 Oct 22
BCCL's 448th board meeting was rescheduled from October 24 to October 25, 2026 due to unavoidable circumstances. The meeting will consider Q2FY26 and H1FY26 standalone financial results.
- Senior management reshuffle Oct 12
BCCL announced transfers and postings for ten senior management personnel, effective upon charge assumption.
TL;DR: BCCL faces significant legal and financial headwinds, headlined by a massive ₹3,816.83 crore recovery notice and a Supreme Court-upheld ₹46.20 crore payment order. On the positive side, the NGT disposal of the illegal mining case removes one regulatory risk. The trend is deteriorating given the scale of the recovery notice, and investors should watch the upcoming Q2FY26 results on October 25 for clarity on the company's financial position.
Quarterly Results
| Particulars | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 3,688 | 3,866 | 3,720 | 2,572 | 3,469 | 3,283 | 3,587 |
| Expenses | 3,122 | 3,804 | 3,529 | 2,955 | 3,435 | 3,618 | 3,652 |
| Operating Profit | 566 | 62 | 191 | -384 | 34 | -335 | -64 |
| OPM % | 15% | 1.6% | 5% | -15% | 1% | -10% | -1.8% |
| Other Income | 69 | 286 | 182 | 470 | 70 | 557 | 136 |
| Interest | 17 | 24 | 26 | 34 | 46 | 52 | 48 |
| Depreciation | 104 | 260 | 100 | 101 | 127 | 150 | 126 |
| PBT | 515 | 64 | 247 | -48 | -69 | 19 | -103 |
| Tax % | 17% | -4% | 29% | 10% | -67% | -44% | -34% |
| Net Profit | 425 | 66 | 177 | -53 | -23 | 27 | -68 |
| EPS (₹) | 91.26 | 14.28 | 0.38 | -0.11 | -0.05 | 0.06 | -0.15 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 6,567 | 10,128 | 12,624 | 14,246 | 15,917 | 13,645 | 12,911 |
| Expenses | 7,994 | 9,995 | 12,126 | 12,158 | 14,159 | 14,138 | 13,660 |
| Operating Profit | -1,426 | 133 | 499 | 2,088 | 1,758 | -493 | -750 |
| OPM % | -22% | 1.3% | 4% | 15% | 11% | -3.6% | -6% |
| Other Income | 180 | 452 | 393 | 406 | 598 | 1,279 | 1,233 |
| Interest | 122 | 78 | 56 | 62 | 72 | 159 | 181 |
| Depreciation | 209 | 315 | 305 | 340 | 581 | 478 | 504 |
| PBT | -1,577 | 191 | 530 | 2,092 | 1,703 | 149 | -201 |
| Tax % | -24% | 42% | -25% | 25% | 27% | 14% | — |
| Net Profit | -1,202 | 112 | 665 | 1,564 | 1,240 | 128 | -117 |
| EPS (₹) | -258 | 23.97 | 143 | 336 | 266 | 0.28 | -0.25 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 |
| Reserves | -1,568 | -1,383 | -853 | 665 | 1,806 | 1,122 |
| Borrowings | 2,052 | 0 | 213 | 230 | 233 | 2,242 |
| Other Liabilities | 7,288 | 7,892 | 9,654 | 9,533 | 10,944 | 12,839 |
| Total Liabilities | 12,429 | 11,166 | 13,671 | 15,085 | 17,640 | 20,859 |
| Fixed Assets | 2,303 | 2,499 | 3,079 | 3,615 | 4,502 | 5,326 |
| CWIP | 1,390 | 1,466 | 1,300 | 1,368 | 1,617 | 1,874 |
| Investments | 0 | 0 | 80 | 267 | 0 | 0 |
| Other Assets | 8,736 | 7,201 | 9,212 | 9,836 | 11,521 | 13,659 |
| Total Assets | 12,429 | 11,166 | 13,671 | 15,085 | 17,640 | 20,859 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -2,303 | 3,300 | 1,699 | 1,299 | 627 | -641 |
| Investing | 970 | -582 | -1,706 | -1,484 | -823 | -310 |
| Financing | 1,930 | -2,150 | -43 | -74 | 37 | 1,150 |
| Net Cash Flow | 597 | 569 | -50 | -259 | -159 | 200 |
| Free Cash Flow | -2,705 | 2,656 | 692 | 112 | -138 | -1,239 |
| CFO/OP | 158 | 2,511 | 344 | 68 | 56 | 167 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 167 | 37 | 36 | 34 | 42 | 77 |
| Inventory Days | — | 413 | — | — | — | — |
| Days Payable | — | 338 | — | — | — | — |
| Cash Conversion Cycle | 167 | 113 | 36 | 34 | 42 | 77 |
| Working Capital Days | -37 | -25 | -33 | 10 | 13 | -39 |
| ROCE % | — | 6% | 16% | 45% | 29% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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51 extracted metrics + investor summaries across FY21–FY27.
Documents
Frequently Asked Questions about Bharat Coking Coal
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Company Information
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal.[1]
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