Bharat Coking Coal share price & results
- Sept 2026
- Sept 2026
Mines and washes coking coal, selling raw and washed coal to power/steel PSUs via linkage sales and auctions.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,413 | +39.1% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 4.5 | +16.5 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 124 | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 1.03 | −19.0 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -9.09 | −8.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 2.11 | −26.0 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −23.5% YTD
YTD: ₹40.58 on 19 Jan 2026 → ₹31.06. High ₹42.55 (18 Jun 2026), low ₹29.76 (23 Oct 2026).
- Previous close
- ₹31.02
- Market cap
- ₹14.4k Cr
- 52-week range
- ₹29.76 – ₹42.55
- Price to earnings (TTM to Sept 2026)
- 240.77×
- Return on equity (TTM to Sept 2026)
- 1.03%
Overview
- Symbol
- NSE:BHARATCOAL
- Industry
- Energy
- Exchange
- NSE
- Currency
- INR
What Bharat Coking Coal Limited does
Based on the company's own presentations, annual report and earnings calls.
Bharat Coking Coal Limited mines raw coal from its collieries and processes part of it through its own coal washeries into washed coking coal graded as Prime Coking Coal (PCC) and Medium Coking Coal (MCC). Raw coal is sold mainly under long-term Fuel Supply Agreements (FSA) to power and steel public-sector customers such as DVC, NTPC, SAIL, RINL, HPGCL and UPRUVNL, with the balance sold through e-auction, while washed coal and other by-products are marketed separately. The company also earns a 6% revenue share from the PB Project mine, which it does not operate directly but which runs under a mine developer-cum-operator (MDO) arrangement, and has added captive solar power generation at its sites. It listed on the BSE and NSE on 19 January 2026.
Segments
- Raw Coal
- Washed Coal (Coking)
- Other By-Products
- Solar Power
- Coal washery operable capacity
- 130.65 lakh tonnes/annum (43.50 LT departmental + 87.00 LT BOM washeries)
- Washery footprint
- Departmental and BOM (build-operate-maintain) washeries plus TSL Washery; 3 further washeries (Dugdha, Sudamdih, Mahuda) currently non-operative
- Installed solar power capacity
- 27.97 MW as of December 2025 (3.88 MW added during FY2025-26)
- PB Project MDO mine
- Operational since 8 July 2025 under a revenue-sharing mine developer-cum-operator (MDO) arrangement
- Stock exchange listing
- Listed on BSE and NSE since 19 January 2026
- Major offtake customers
- Power and steel sector PSUs including DVC, NTPC, SAIL, RINL, HPGCL, UPRUVNL, WBPDCL, PSPCL, RRVUNL and DPL
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +334% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,688 | 3,866 | 3,720 | 3,173 | 3,469 | 3,283 | 3,587 | 4,413 |
| Expenses | 3,122 | 3,804 | 3,529 | 3,557 | 3,435 | 3,618 | 3,652 | 4,212 |
| Operating profit | 566 | 62 | 191 | -384 | 34 | -335 | -64 | 200 |
| Operating margin | 15.0% | 1.6% | 5.0% | −12.0% | 1.0% | −10.0% | −1.8% | 4.5% |
| Other income | 69 | 286 | 182 | 470 | 70 | 557 | 136 | 159 |
| Interest | 17 | 24 | 26 | 34 | 46 | 52 | 48 | 49 |
| Depreciation | 104 | 260 | 100 | 101 | 127 | 150 | 126 | 124 |
| Profit before tax | 515 | 64 | 247 | -48 | -69 | 19 | -103 | 186 |
| Tax rate | 17.0% | −4.0% | 29.0% | 10.0% | −67.0% | −44.0% | −34.0% | 33.0% |
| Net profit | 425 | 66 | 177 | -53 | -23 | 27 | -68 | 124 |
| EPS (₹ per share) | 0.91 | 0.14 | 0.38 | -0.11 | -0.05 | 0.06 | -0.15 | 0.27 |
| Line item | Mar 2026 |
|---|---|
| Sales | 13,645 |
| Expenses | 14,139 |
| Operating profit | -494 |
| Other income | 1,279 |
| Interest | 158 |
| Depreciation | 478 |
| Profit before tax | 149 |
| Net profit | 128 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 | 4,657 |
| Reserves | -1,383 | -853 | 665 | 1,806 | 1,122 | 1,166 |
| Borrowings | 0 | 213 | 230 | 233 | 2,242 | 2,478 |
| Other liabilities | 7,892 | 9,654 | 9,533 | 10,944 | 12,839 | 12,410 |
| Total liabilities | 11,166 | 13,671 | 15,085 | 17,640 | 20,859 | 20,711 |
| Fixed assets | 2,499 | 3,079 | 3,615 | 4,502 | 5,326 | 6,167 |
| Capital work in progress | 1,466 | 1,300 | 1,368 | 1,617 | 1,874 | 1,681 |
| Investments | 0 | 80 | 267 | 0 | 0 | 0 |
| Other assets | 7,201 | 9,212 | 9,836 | 11,521 | 13,659 | 12,863 |
| Total assets | 11,166 | 13,671 | 15,085 | 17,640 | 20,859 | 20,711 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -2,303 | 3,300 | 1,699 | 1,299 | 627 | -641 |
| Cash from investing | 970 | -582 | -1,706 | -1,484 | -823 | -310 |
| Cash from 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 |
| Line item | 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 |
| Return on capital employed | — | 6.0% | 16.0% | 45.0% | 29.0% | 4.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 90.00% as of Sept 2026; institutions cut 0.39 pts since Jun 2026.
- Promoters 90.00%
- Foreign institutions 0.06%
- Domestic institutions 0.98%
- Government 0.00%
- Public 8.94%
Who is on the register
Named in the Sep 2026 filing
Every holder of Bharat Coking Coal Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 90.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in BHARATCOAL
Filings to Sep 2026
5 new, 0 added, 0 trimmed, 0 sold out — net +13.96 L shares.
- Held by funds
- ₹5 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹2 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹2 Cr | new | Sep '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹1 Cr | new | Sep '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | new | Sep '26 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | new | Sep '26 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | new | Sep '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net +13.96 L shares
- Funds are sitting on
- -5%
- vs est. average cost
- Held by funds
- ₹5 Cr
- 5 schemes · ≈ 0.03% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹2 Cr · 0.1% of that fund
Shares held by these funds −96%
Jan '26 13.96 L shares Sep '26
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