AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Monthly Business Updates 1 Oct - BCCL reported September 2026 raw coal production of 2.57 MT, up 20.7%; April-September output 13.78 MT.
Source: Bse
Bharat Coking Coal Limited (BHARATCOAL)
Small CapPower stocks · Small cap · NSE
Bharat Coking Coal Limited operates in Coal, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals13 Oct 2026 · screener
Latest result22 Jul, 06:37 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
44NeutralSMA20 -4.8% / mo · MACD + · near 52W low
Stock trend: 44
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BHARATCOALD candles · FIT view-6.9%Latest close ₹31.38 on 2026-10-19
Daily history is available from 2026-01-19; the requested 1Y window is partially covered.
Bar
-1.8%
RSI
43
MACD hist
0.05
52W pos
11%
2026-10-19O ₹31.94H ₹31.94L ₹31.32C ₹31.38Vol 18.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BHARATCOALNifty PowerNifty 500
- BHARATCOAL
- -15.8%
- Nifty 500
- -5.6%
- Nifty Power
- -13.0%
- Vs Nifty 500
- -10.2 pp
Chart stats
19 Oct 2026- From 52W high
- -30.4%
- 52W range position
- 11%
- ATR (14)
- 2.7%
- Volume vs 20D
- 0.28x
- Avg traded value
- ₹20.7 Cr
- 20D price channel
- ₹30.6 - ₹33.7
₹45.1
₹29.7 - ₹45.1
₹0.9
Latest completed session
20-session average
31.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -3.6% · PAT -138.4% YoY
Technical
Neutral44
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence46
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -4% YoY · PAT -138% YoY · margin compression · +9% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,587 Cr | -3.6% | +9.3% |
| EBITDA | ₹-64 Cr | -133.5% | +80.9% |
| Operating margin | -1.8% | -680 bps | +820 bps |
| PAT | ₹-68 Cr | -138.4% | -351.9% |
| PAT margin | -1.9% | -666 bps | -272 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 2.48
- EV/EBITDA
- —
- Market Cap
- 14311.00Cr
Profitability
- ROE
- 1.91%
- ROCE
- 4.05%
- ROA
- -0.56%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 16.00%
- EPS 5Y
- 16.00%
- Revenue 3Y
- 3.00%
- EPS 3Y
- -44.00%
Balance Sheet
- Debt/Equity
- 0.39
- Interest Coverage
- -4.14×
- Altman Z
- 1.24
- Book Value
- 12.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -641.00 Cr
- EPS TTM
- -0.25
Shareholding
- Promoter Hold
- 90.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 13.6k-14.3% vs prev
Net Profit
₹ CrLatest: 128-89.7% vs prev
Return on Equity
%Latest: 2.2-88.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 43. Wait for confirmation.
- SMA20 falling (~5.0% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 30% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
41
RS percentile
Stage 4 Downtrend
1M return
-4.0%
3M return
-15.8%
6M return
-12.4%
1Y return
-
RS 1D
-1
RS 20D
+1
Sector rank
#11
Industry rank
#2
Stage evidence
- Price is 10.2% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.6%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
unavailable
Sector
neutral
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
186 observations
19 Oct 2026Value 82-0.27%
RS vs Nifty 50082
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth10/25
Quality0/20
Balance Sheet4/15
Cash Flow0/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 10/25 to the score.
- Balance sheet contributes 4/15 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Altman Z is 1.2, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
—
PB
2.5
EV/EBITDA
—
ROE
1.9%
ROCE
4.0%
FCF Yield
—
Debt/Equity
0.4
MoS
—
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 20
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
19
19
19
19
20
20
20
20
20
20
20
20
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
25.1
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CONFIPET
Small
Confidence Petroleum India Limited
Oil & Gas
match 135
34
21.3
6.8%
+38%
WATCHLIST
HINDOILEXP
Small
Hindustan Oil Exploration Company Limited
Oil & Gas
match 135
29
86.8
2.1%
-1391%
OVERVALUED
ASIANENE
Small
Asian Energy Services Limited
Oil & Gas
match 134
35
34.6
12.8%
-10%
WATCHLIST
OILCOUNTUB
Small
Oil Country Tubular Limited
Oil & Gas
match 134
17
—
-28.7%
—
OVERVALUED
DEEPINDS
Small
Deep Industries Limited
Oil & Gas
match 134
63
11.5
19.2%
+14%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Bharat Coking Coal Limited operates in Coal, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
46Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 3rd percentile of the scored universe and 4th percentile within Power. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
3rd percentile
overall median 67 · Power: 4th pctile, median 65 · Small: 4th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
30
weak · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 90%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Operating cash flow is negative at ₹-641 Cr.
- ▸Altman Z is 1.32.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bharat Coking Coal Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 2 Sep - Rajesh Kumar takes additional charge as Director (Human Resources) from 1 September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 25 Sep - BCCL and SAIL signed MoU for joint development of two West Bengal coal blocks, targeting 4.0 MTPA and 79 MT reserves.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 24 Sep - Manoj Kant Jha appointed GM (Finance) In-charge from 23.09.2026; Masapogu Satya Raju transferred.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 1 Sep - Murlikrishna Ramaiah ceases as Director (Human Resources) and KMP from 31.08.2026 upon superannuation.
Source: Bse
Annual reportAug 2026
Aug 2026 · Reg. 34 (1) Annual Report. 16 Jul - 55th AGM and integrated annual report for FY2025-26; meeting on 7 Aug 2026 via VC/OAVM, no dividend.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Jul - Newspaper Publication of 55th AGM Notice of Bharat Coking Coal Limited
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - BCCL announced three senior management changes effective 30.06.2026 after superannuation.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Jul - Newspaper publication of unaudited Financial Results of Bharat Coking Coal Limited (Standalone) for the 1st Quarter ended 30th June, 2026.
Source: Bse
Investor presentationJun 2026
Jun 2026 · Presentation Made By Company On The Quarterly Financial Results For The 1St Quarter Ended 30Th June' 2026 22 Jul - BCCL Q1 FY27 presentation highlights Bhojudih washery commissioning and ASGKCC mine production start.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 Jun - BCCL handed over 2.0 MTPA Dugdha Coal Washery to JSW Steel on 17 June 2026.
Source: Bse
AnnouncementMay 2026
May 2026 · Revised Announcement-Board Comments On Fine Levied By The Exchange 11 Jun - BSE and NSE fined BCCL ₹7,64,640 each on 27 May 2026 for LODR non-compliances.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.