Bharat Coking Coal Ltd

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹2,478 Cr against ₹5,823 Cr of shareholders' money (Sep 2026), 0.43 times.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 39% and profit rose 334% from a year earlier. (A year earlier it made a loss.)
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 90% of the company, about the same as in Mar 2026.
• ValuationExpensive vs its pastThe share trades at 233.5 times its yearly earnings (P/E), pricier than 98% of the time in the last 1 years. Its usual P/E is about 119.

Bharat Coking Coal Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)233.5 against a typical 20.6: pricier than most peers (1st = cheapest).5th of 5
• Sales growth+39.1% against a typical +7.8% from a year earlier.1st of 3
• Share price, 3 months−12.1% against a typical −7.7%.4th of 5
• Size₹ 13,868.6 Cr. market value against a typical ₹ 3,304.5 Cr. (1st = largest).2nd of 5

Exchange filings and their impact on the company.

• 25 Oct 2026Outcome of Board MeetingLow impactNeutralPrice +4.2% on 26 Oct
  Q2 revenue and profit rebounded sharply sequentially but H1 remains slightly below last year, pointing to a broadly flat full year.

  Bharat Coking Coal reported standalone results for the quarter and half-year ended 30 September 2026. Q2 revenue was Rs 4412.58 crore, taking H1 revenue to Rs 7999.85 crore versus Rs 8211.68 crore last year, with H1 profit before tax of Rs 82.71 crore and profit after tax of Rs 27.06 crore. The quarter showed a strong sequential rebound from Q1, but on a half-year basis revenue and profit are slightly lower year-on-year, suggesting a broadly flat earnings trajectory.

  Full analysisFiling
• 16 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactNeutralPrice −1.3% on 19 Oct
  NGT closed the illegal-mining case with no penalty, but the same claim is still pending in High Court.

  Bharat Coking Coal said the National Green Tribunal, Eastern Zone Kolkata has disposed of case OA 57/2023/EZ alleging illegal mining at Central Surunga Paharigora, Parbad Laxmi Colliery and Alakdiha OP in Dhanbad. The Tribunal's order dated 8 October 2026 declined to exercise parallel jurisdiction as identical relief is pending before the Jharkhand High Court at Ranchi. There is no fine, penalty or operational direction, so near-term operations are unaffected but the underlying dispute continues in the High Court.

  Full analysisFiling
• 14 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyMedium impactNegativePrice −2.4% on 15 Oct
  BCCL lost its Supreme Court appeal and faces a ~Rs 63 cr payout in an old mining contract dispute.

  Bharat Coking Coal said the Supreme Court on 8 October 2026 dismissed its appeal against the Jharkhand High Court order in the AT-Libra BPL joint venture dispute over a 2010 HEMM contract at Golukdih. The earlier Dhanbad Commercial Court decree directing BCCL to pay Rs 46.20 crore plus 10.5% annual interest therefore stands. BCCL says counsel has advised filing a review petition and it will update on further developments.

  Full analysisFiling
• 13 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +5.3% on 14 Oct
  BCCL raised coking coal prices up to 14% for non-regulated buyers, lifting revenue and margins.

  On 13 October 2026, Bharat Coking Coal's board approved rationalisation of basic prices for raw coking coal sold to the non-regulated sector. The revision covers Steel Grades I and II, Direct Feed, and PCC and HVMC washery grades, with increases of about 0.1% to 14% to correct inter-grade differentials. The hike should lift realisations and profitability over the next year as it applies without any increase in mining cost.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Manoj Kumar Agarwal

Chief Executive Officer, Managing Director

Rajesh Kumar

Chief Financial Officer

Debanuj Debnath

Compliance Officer, Company Secretary

Murli Krishna Ramaiah

Director - Human Resources

Sanjay Kumar Singh

Director - Technical

Rajeev Kumar Sinha

Executive Director, Director - (Technical) Project & Planning