Bharat Coking Coal Ltd
₹ 31.2
2.64%
04 Nov
- close price
About
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal.[1]
Key Points
- Market Cap ₹ 14,507 Cr.
- Current Price ₹ 31.2
- High / Low ₹ 45.2 / 28.0
- Stock P/E 242
- Book Value ₹ 12.5
- Dividend Yield 0.00 %
- ROCE 4.05 %
- ROE 1.91 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Tax rate seems low
- Earnings include an other income of Rs.922 Cr.
- Debtor days have increased from 51.0 to 76.6 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 6,567 | 10,128 | 12,624 | 14,246 | 15,917 | 13,645 | 14,752 | |
| Sales growth | +54% | +25% | +13% | +12% | -14% | +2% | |
| 7,994 | 9,995 | 12,126 | 12,158 | 14,159 | 14,138 | 14,918 | |
| Operating Profit | -1,426 | 133 | 499 | 2,088 | 1,758 | -493 | -166 |
| OPM % | -22% | 1.3% | 4.0% | 15% | 11% | -3.6% | -1.1% |
| 180 | 452 | 393 | 406 | 598 | 1,279 | 922 | |
| Interest | 122 | 78 | 56 | 62 | 72 | 159 | 196 |
| Depreciation | 209 | 315 | 305 | 340 | 581 | 478 | 528 |
| Profit before tax | -1,577 | 191 | 530 | 2,092 | 1,703 | 149 | 33 |
| Tax % | -24% | 42% | -25% | 25% | 27% | 14% | |
| -1,202 | 112 | 665 | 1,564 | 1,240 | 128 | 60 | |
| EPS in Rs | -2.58 | 0.24 | 1.43 | 3.36 | 2.66 | 0.28 | 0.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 3% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | -44% |
| TTM: | -90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 |
| Reserves | -1,568 | -1,383 | -853 | 665 | 1,806 | 1,122 | 1,166 |
| 2,052 | 0 | 213 | 230 | 233 | 2,242 | 2,478 | |
| 7,288 | 7,892 | 9,654 | 9,533 | 10,944 | 12,839 | 12,410 | |
| Total Liabilities | 12,429 | 11,166 | 13,671 | 15,085 | 17,640 | 20,859 | 20,711 |
| 2,303 | 2,499 | 3,079 | 3,615 | 4,502 | 5,326 | 6,167 | |
| CWIP | 1,390 | 1,466 | 1,300 | 1,368 | 1,617 | 1,874 | 1,681 |
| Investments | 0 | 0 | 80 | 267 | 0 | 0 | 0 |
| 8,736 | 7,201 | 9,212 | 9,836 | 11,521 | 13,659 | 12,863 | |
| Total Assets | 12,429 | 11,166 | 13,671 | 15,085 | 17,640 | 20,859 | 20,711 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -2,303 | 3,300 | 1,699 | 1,299 | 627 | -641 | |
| 970 | -582 | -1,706 | -1,484 | -823 | -310 | |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 158% | 2,511% | 344% | 68% | 56% | 167% |
Ratios
| 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
In beta| Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Raw Coking Coal Production Million Metric Tonnes (MMT) |
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| Total Coal Production Million Metric Tonnes (MMT) |
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| Opencast Coal Production Million Metric Tonnes (MMT) |
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| Output per Manshift (OMS) Tonnes |
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| Overburden (OB) Removal Million Cubic Meters (MCuM) |
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| Raw Coal Off-take Million Metric Tonnes (MMT) |
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| Washed Coking Coal Production Million Metric Tonnes (MMT) |
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| Washery Capacity Utilization Percentage (%) |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
- Rajeev Kumar Sinha ceased as Director/KMP effective 01.11.2026 after completing tenure.
-
Announcement under Regulation 30 (LODR)-Monthly Business Updates
- BCCL October 2026 raw coal production rose 7.1% to 2.86 MT; April-October output fell 9.7%.
-
Announcement under Regulation 30 (LODR)-Change in Management
- BCCL announced transfer and posting changes for six executives, effective upon charge assumption and release.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Rajiv Chopra transferred on 27 Oct 2026; Arvind Kumar Sinha gets additional charge of Jharia Master Plan.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of Unaudited Financial Results of Bharat Coking Coal Limited (Standalone) for the 2nd Quarter and Half Year ended 30th Sep, 2026.
Concalls
-
Feb 2026PPT
Business Profile[1]
BCCL is engaged in mining, beneficiation (washing), and supply of coking coal, non-coking coal and washed coal, catering mainly to the steel and power sectors. It operates in the Jharia (Jharkhand) and Raniganj (West Bengal) coalfields and holds some of the largest prime coking coal reserves in the country.