Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Bharat Coking Coal Ltd

BHARATCOAL
Mining/Minerals

Bharat Coking Coal Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: the P/E sits at the 75th percentile of its own range — the multiple has already done part of the work.

The price is topping out (4 weeks in) while the P/E sits at the 75th percentile of its own 1-year range. Underneath, the last four quarters read deteriorating — profit −138.4% year on year, and 44% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Price
₹34.0
P/E
133.0×
75th pctile
of its own 1-year range
Revenue (Jun 26)
₹3,587 Cr
−3.6% YoY
Profit (Jun 26)
₹−68.0 Cr
−138.4% YoY
Operating margin
−1.8%
−6.8 pp YoY
ROCE
4%
FY26
Cash conversion
44%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 216% on reported income across 5 comparable periods, so nothing from the second source is placed here — the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Bharat Coking Coal Ltd trades at ₹34.0, losing momentum at the top and 4 weeks into that stage. That is −9.3% against its own 200-day average. It sits at 22% of a 52-week range of ₹32 to ₹42. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).

Today the stock is losing momentum at the top — week 4 of stage 3, confirmed. At ₹34.0 it trades −9.3% versus its 200-day average and sits at 22% of its 52-week range (₹32–₹42).

Jul 26: ₹34.0 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
−9.3% versus the 200-day line, week 4 of stage 3
Price50-day avg200-day avg
S4₹43.2₹40.1₹37.0₹33.9₹30.8₹34₹38Jan 26Mar 26May 26Jun 26Jul 26
S4₹43.2₹40.1₹37.0₹33.9₹30.8₹34₹38Jan 26May 26Jul 26
Beating or trailing, week by week since 2026 Each cell is one week from 2026 to now (34 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Jan 26Jul 26

Against the market, two honest reads. Cumulative: over the last 6 months the stock moved −7% while the NIFTY 500 moved +2% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Bharat Coking Coal Ltd trades at 133.0× P/E, at the pricey end of its own range (75th percentile). Its long-run median P/E is 0.1×, measured across 0.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 133.0× is at the pricey end of its own range (75th percentile), against a long-run median of 0.1× measured over 0.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 133.0× vs a 0.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 0.5-year window; loss-period spikes above 0.3× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (75th percentile)
P/EMedianEPS (TTM) (quarterly)
0.32×₹3230.26×₹2430.20×₹1620.14×₹80.90.08×₹0.0×0.30×₹0Jan 26Mar 26Apr 26Jun 26Jul 26
0.32×₹3230.26×₹2430.20×₹1620.14×₹80.90.08×₹0.0×0.30×₹0Jan 26Apr 26Jul 26
P/E
133.0×
75th percentile of 1y

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Bharat Coking Coal Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue −14.3% in FY26, profit −89.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
60%332%40%216%20%100%0.0%−16%−20%−132%%%−14.3%−89.7%FY21FY23FY26
60%332%40%216%20%100%0.0%−16%−20%−132%%%−14.3%−89.7%FY21FY23FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
−2.7%−53%−6.0%−76%−9.3%−99%−13%−122%−16%−145%%%−3.6%−138.4%Dec 24Sep 25Jun 26
−2.7%−53%−6.0%−76%−9.3%−99%−13%−122%−16%−145%%%−3.6%−138.4%Dec 24Sep 25Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
48%36%25%13%0.7%%4%FY23FY24FY26
48%36%25%13%0.7%%4%FY23FY24FY26
ROCE
Falling
latest 4.0% · span 4.0%–45.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−14.3%+2.6%+15.8%
Profit−89.7%−42.3%
EPS−99.9%−87.5%
Revenue YoY (Jun 26)
−3.6%
latest quarter vs a year ago
Profit YoY (Jun 26)
−138.4%
latest quarter vs a year ago
Revenue 10y
15.8%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

37.8/100 — rank 13 of 13 in Mining/Minerals · 35% evidence confidence · provisional, ranked below fully-evidenced peers

Bharat Coking Coal Ltd scores 37.8 out of 100 against the 13 companies it is compared with in Mining/Minerals, ranking 13. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 11.3 + 6.5 + 10 + 10 = 37.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Bharat Coking Coal Ltd reported ₹3,587 Cr of revenue in the Jun 26 quarter, −3.6% year on year. Over 5 years it has compounded at 15.8% a year. The last full year, FY26, came in at ₹13,645 Cr. The last four reported quarters add to ₹12,911 Cr.

FY26 revenue came in at ₹13,645 Cr (−14.3% on the year), capping 5 years at 15.8% compound. The latest quarter (Jun 26) printed ₹3,587 Cr, −3.6% year on year.

FY26 revenue ₹13,645 Cr (−14.3% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
15.8% a year over 5 years
RevenueYoY growth
17.2k60%12.9k40%8.6k20%4.3k0.0%0−20%₹ Cr%₹13,645−14.3%FY21FY23FY26
17.2k60%12.9k40%8.6k20%4.3k0.0%0−20%₹ Cr%₹13,645−14.3%FY21FY23FY26
Jun 26: ₹3,587 Cr (−3.6% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
4.2k−2.7%3.1k−6.0%2.1k−9.3%1.0k−13%0−16%₹ Cr%₹3,587−3.6%Dec 24Sep 25Jun 26
4.2k−2.7%3.1k−6.0%2.1k−9.3%1.0k−13%0−16%₹ Cr%₹3,587−3.6%Dec 24Sep 25Jun 26

Pace check: the last four quarters averaged −8.2% growth against the decade's 15.8% — the current year is running slower than its own long-run rate.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Bharat Coking Coal Ltd's operating margin is −1.8% in the Jun 26 quarter, −6.8 percentage points against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged −22.0% to 15.0%. The current quarter sits inside that band.

The latest quarter's operating margin is −1.8%, −6.8 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged −22.0%–15.0%.

🚨 Why the margin moved: operating margin went −6.9 pp year on year while gross margin went −6.9 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: −3.6% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 6-year window.
within a −22.0–15.0% band over 6 years
operating marginYoY change (pp)
18%26%7.2%15%−3.5%4.4%−14%−6.6%−25%−18%%%−3.6%−14.6%FY21FY23FY26
18%26%7.2%15%−3.5%4.4%−14%−6.6%−25%−18%%%−3.6%−14.6%FY21FY23FY26
Jun 26: −1.8% operating margin (−6.8 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
17%−6.2%8.7%−8.3%0.0%−10%−8.7%−12%−17%−15%%%−1.8%−6.8%Dec 24Sep 25Jun 26
17%−6.2%8.7%−8.3%0.0%−10%−8.7%−12%−17%−15%%%−1.8%−6.8%Dec 24Sep 25Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Bharat Coking Coal Ltd posted a net loss of ₹68.0 Cr in the Jun 26 quarter. Full-year FY26 profit was ₹128 Cr. That loss is 1.9% of the quarter's revenue. The same quarter a year earlier earned ₹177 Cr.

Jun 26 profit was ₹−68.0 Cr, −138.4% year on year. On the full year, FY26 printed ₹128 Cr (−89.7%).

FY26 profit ₹128 Cr (−89.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
1.8k540%983371%181202%−62133%−1.4k−136%₹ Cr%₹128−89.7%FY21FY23FY26
1.8k540%983371%181202%−62133%−1.4k−136%₹ Cr%₹128−89.7%FY21FY23FY26
Jun 26: ₹−68.0 Cr (−138.4% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
464−53%321−76%179−99%36−122%−107−145%₹ Cr%₹−68−138.4%Dec 24Sep 25Jun 26
464−53%321−76%179−99%36−122%−107−145%₹ Cr%₹−68−138.4%Dec 24Sep 25Jun 26

🚨 Why profit moved: revenue contributed −3.6% and the margin −6.8 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −101.0% vs revenue −8.2%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 44% of Bharat Coking Coal Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−641 Cr of operating cash against ₹128 Cr of profit. After ₹1,559 Cr of capital spending, ₹−2,200 Cr was left as free cash.

FY26: operating cash of ₹−641 Cr against reported profit of ₹128 Cr, leaving free cash of ₹−2,200 Cr after ₹1,559 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 44% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−641 Cr vs profit ₹128 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 6-year window, annual resolution. FY26 reflects an acquisition year — point shown clipped.
44% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3.7k2.1k499−1.1k−2.8k₹ Cr₹−641₹128₹−1,090FY21FY23FY26
3.7k2.1k499−1.1k−2.8k₹ Cr₹−641₹128₹−1,090FY21FY23FY26
FY26: CFO = −501% of profit (three-year rate 44%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
364%132%−101%−333%−565%%−501%FY21FY23FY26
364%132%−101%−333%−565%%−501%FY21FY23FY26

🚨 Why conversion sits at 44%: the cash cycle tightened 90 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 3.0× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Bharat Coking Coal Ltd's cash conversion cycle runs 77 days in FY26, down from 167 days in FY21. Capital spending ran ₹4,220 Cr over the last 3 years. At FY26 sales of ₹13,645 Cr each day of that cycle holds about ₹37.4 Cr, so roughly ₹2,879 Cr sits inside the business at any moment.

FY26: debtors at 77 days (an asset-light business — no inventory to speak of) — for a full cycle of 77 days, tighter than FY21's 167.

In money terms: at FY26 sales of ₹13,645 Cr, each day of the cycle holds about ₹37.4 Cr — so the 77-day loop keeps roughly ₹2,879 Cr sitting inside the business at any moment.

FY26: a 77-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 6-year window.
−90 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
4433332241140days77d413d77d338dFY21FY22FY23FY24FY26
4433332241140days77d413d77d338dFY21FY23FY26

On the investment side: capital spending of ₹4,220 Cr over the last 3 fiscal years against ₹1,399 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1,874 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹1,559 Cr, work-in-progress ₹1,874 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
2.0k1.5k1.0k5060₹ Cr₹1,559₹1,874FY22FY23FY24FY25FY26
2.0k1.5k1.0k5060₹ Cr₹1,559₹1,874FY22FY24FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Bharat Coking Coal Ltd earns a ROCE of 4% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 0.9% net margin on 0.65× asset turns.

FY26 ROCE is 4%.

Why the return is what it is — the wiring (FY26): 0.9% net margin × 0.65× asset turns × 3.61× balance-sheet leverage ≈ 2.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 4% Return on capital employed by fiscal year, % (line). 5-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEWACC
48%36%25%13%0.7%%4%FY22FY23FY24FY25FY26
48%36%25%13%0.7%%4%FY22FY24FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 216% on reported income across 5 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Bharat Coking Coal Ltd carries ₹2,242 Cr of borrowings against ₹5,779 Cr of equity in FY26, a debt-to-equity of 0.39. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹2,052 Cr to ₹2,242 Cr. Capital spending ran ₹4,220 Cr across the last 3 of those years.

FY26: borrowings of ₹2,242 Cr against equity of ₹5,779 Cr — a debt-to-equity of 0.39. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹2,052 Cr to ₹2,242 Cr while capital spending ran ₹4,220 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹2,242 Cr at 0.39× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 6-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
2.4k0.7×1.8k0.5×1.2k0.3×6050.1×0−0.1×₹ Cr×₹2,2420.39×FY21FY22FY23FY24FY26
2.4k0.7×1.8k0.5×1.2k0.3×6050.1×0−0.1×₹ Cr×₹2,2420.39×FY21FY23FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 216% on reported income across 5 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Bharat Coking Coal Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 3 quarters.
PromotersForeign inst.Domestic inst.Public
97%71%45%19%−7.0%%90%0.4%1.1%8.6%Jan 26Mar 26Jun 26
97%71%45%19%−7.0%%90%0.4%1.1%8.6%Jan 26Mar 26Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Bharat Coking Coal Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Mining/Minerals
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1South West Pinnacle Exploration LtdSOUTHWEST 79.6/100Favorable setup87% evidence ASLEEP 30.6/35 Revenue 39.2% · PAT 100% · OPM change 9.8 pp 95% evidence 19.3/25 ROCE 20% · OPM 24.2% 95% evidence 12.2/20 P/E 19.5× · PEG — 50% evidence 17.5/20 RS sector 12.3% · RS bench 20.7% · 1Y 67.7%6 of 12 weeks ahead 100% evidence
Exact sum: 30.6 + 19.3 + 12.2 + 17.5 = 79.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Vedanta LtdVEDL 60.9/100Mixed-positive evidence82% evidence FADING 21.2/35 Revenue 2% · PAT 43.5% · OPM change 8 pp 95% evidence 15.6/25 ROCE 16.1% · OPM 35% 76% evidence 10.3/20 P/E 9.4× · PEG — 50% evidence 13.8/20 RS sector 4.5% · RS bench 11.9% · 1Y 64.7%8 of 12 weeks ahead 100% evidence
Exact sum: 21.2 + 15.6 + 10.3 + 13.8 = 60.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Ashapura Minechem LtdASHAPURMIN 60.4/100Mixed-positive evidence72% evidence TURNING 22.8/35 Revenue 91.3% · PAT 43.8% · OPM change -9 pp 83% evidence 17.5/25 ROCE 20.7% · OPM 6% 76% evidence 11.1/20 P/E 16.6× · PEG — 50% evidence 9.0/20 RS sector -20.6% · RS bench 7.2% · 1Y 28.4%10 of 10 weeks ahead 70% evidence
Exact sum: 22.8 + 17.5 + 11.1 + 9 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Indian Metals & Ferro Alloys LtdIMFA 57.5/100Mixed-positive evidence96% evidence ASLEEP 18.1/35 Revenue 10.3% · PAT 12.4% · OPM change 9 pp 88% evidence 16.1/25 ROCE 18.4% · OPM 21% 100% evidence 10.9/20 P/E 18.4× · PEG 1.08 100% evidence 12.4/20 RS sector 3.8% · RS bench 12.2% · 1Y 95.7%6 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 16.1 + 10.9 + 12.4 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Midwest Energy Ltd526570 50.4/100Thin evidence · provisional55% evidence ASLEEP 21.9/35 Revenue 100% · PAT -80% · OPM change 1202.9 pp 62% evidence 3.6/25 ROCE -2.5% · OPM -55.9% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 14.9/20 RS sector 97.8% · RS bench 1.5% · 1Y 192.3%1 of 10 weeks ahead 70% evidence
Exact sum: 21.9 + 3.6 + 10 + 14.9 = 50.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Coal India LtdCOALINDIA 50.3/100Mixed-positive evidence82% evidence ASLEEP 9.3/35 Revenue 6.1% · PAT -5.9% · OPM change -3 pp 95% evidence 21.2/25 ROCE 35.3% · OPM 26% 76% evidence 11.6/20 P/E 8.2× · PEG — 50% evidence 8.2/20 RS sector -10.7% · RS bench -2.7% · 1Y 8.8%3 of 12 weeks ahead 100% evidence
Exact sum: 9.3 + 21.2 + 11.6 + 8.2 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
720 Microns Ltd20MICRONS 49.1/100Mixed-negative evidence81% evidence TURNING 14.3/35 Revenue 2.5% · PAT 11.5% · OPM change 0 pp 95% evidence 17.6/25 ROCE 17.3% · OPM 13% 95% evidence 12.2/20 P/E 10× · PEG — 50% evidence 5.0/20 RS sector -40.9% · RS bench -2.1% · 1Y -28.3%7 of 10 weeks ahead 70% evidence
Exact sum: 14.3 + 17.6 + 12.2 + 5 = 49.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Deccan Gold Mines LtdDECNGOLD 44.9/100Mixed-negative evidence62% evidence TURNING 21.5/35 Revenue 71.5% · PAT -50.8% · OPM change 4492.4 pp 83% evidence 3.8/25 ROCE -13.1% · OPM -13.9% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 9.6/20 RS sector -23% · RS bench 48.9% · 1Y 50.5%7 of 8 weeks ahead 70% evidence
Exact sum: 21.5 + 3.8 + 10 + 9.6 = 44.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9KIOCL LtdKIOCL 41.7/100Mixed-negative evidence65% evidence ASLEEP 20.7/35 Revenue 4.1% · PAT 100% · OPM change 31 pp 65% evidence 6.3/25 ROCE 1.4% · OPM 14% 100% evidence 8.5/20 P/E 1341× · PEG — 15% evidence 6.2/20 RS sector -15.2% · RS bench -6.5% · 1Y 7.4%7 of 10 weeks ahead 70% evidence
Exact sum: 20.7 + 6.3 + 8.5 + 6.2 = 41.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Orissa Minerals Development Company LtdORISSAMINE 38.9/100Thin evidence · provisional59% evidence ASLEEP 17.1/35 Revenue 45.7% · PAT 92.8% · OPM change 511.5 pp 62% evidence 8.0/25 ROCE 9.6% · OPM -32.2% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.8/20 RS sector -39.8% · RS bench -11.8% · 1Y -19.5%1 of 10 weeks ahead 70% evidence
Exact sum: 17.1 + 8 + 10 + 3.8 = 38.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Gujarat Mineral Development Corporation LtdGMDCLTD 38.1/100Mixed-negative evidence100% evidence ASLEEP 14.6/35 Revenue 2.3% · PAT 43.5% · OPM change -2 pp 100% evidence 11.2/25 ROCE 10.8% · OPM 21% 100% evidence 8.0/20 P/E 31.5× · PEG 1.28 100% evidence 4.3/20 RS sector -11% · RS bench -3.5% · 1Y 29.9%5 of 12 weeks ahead 100% evidence
Exact sum: 14.6 + 11.2 + 8 + 4.3 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12MOIL LtdMOIL 29.5/100Adverse evidence77% evidence ASLEEP 6.3/35 Revenue -20.4% · PAT -80% · OPM change -28.5 pp 83% evidence 11.8/25 ROCE 11.4% · OPM 20.5% 95% evidence 7.3/20 P/E 55× · PEG — 50% evidence 4.1/20 RS sector -29.2% · RS bench -13.9% · 1Y -25.2%0 of 10 weeks ahead 70% evidence
Exact sum: 6.3 + 11.8 + 7.3 + 4.1 = 29.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Bharat Coking Coal Ltdthis pageBHARATCOAL 37.8/100Thin evidence · provisional35% evidence FADING 11.3/35 Revenue — · PAT — · OPM change -6.8 pp 45% evidence 6.5/25 ROCE 4% · OPM -1.8% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 12 weeks ahead 0% evidence
Exact sum: 11.3 + 6.5 + 10 + 10 = 37.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Bharat Coking Coal Ltd's share price today?

Bharat Coking Coal Ltd trades at ₹34.0. The company is valued at ₹15,820 Cr. The stock sits at 22% of its 52-week range of ₹32–₹42, −9.3% versus its 200-day average. On the tape, the price is topping out, 4 weeks in. — as of 31 July 2026.

What were Bharat Coking Coal Ltd's latest quarterly results?

Bharat Coking Coal Ltd reported revenue of ₹3,587 Cr and a net loss of ₹68.0 Cr for the Jun 26 quarter. Revenue fell 3.6% and profit fell 138.4% year on year. Earnings per share were ₹−0.15. The operating margin was −1.8%, 6.8 pp lower than a year earlier. — as of 31 July 2026.

What is Bharat Coking Coal Ltd's revenue?

Bharat Coking Coal Ltd reported revenue of ₹3,587 Cr in the Jun 26 quarter, −3.6% year on year. For the full FY26 fiscal year, revenue was ₹13,645 Cr (−14.3%). Over the last 5 years revenue compounded at 15.8% a year. — as of 31 July 2026.

What is Bharat Coking Coal Ltd's profit?

Bharat Coking Coal Ltd earned ₹−68.0 Cr of net profit in the Jun 26 quarter, −138.4% year on year. Full-year FY26 profit was ₹128 Cr. The operating margin ran −1.8% in the latest quarter. — as of 31 July 2026.

What is Bharat Coking Coal Ltd's market cap?

Bharat Coking Coal Ltd's market capitalisation is ₹15,820 Cr at a share price of ₹34.0. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Bharat Coking Coal Ltd's P/E ratio?

Bharat Coking Coal Ltd trades at a P/E of 133.0×, at the 75th percentile of its own 1-year range, against a long-run median of 0.1×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Bharat Coking Coal Ltd pay a dividend?

No — Bharat Coking Coal Ltd has recorded a dividend payout of 0% of profit in each of its last 6 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 31 July 2026.

Is Bharat Coking Coal Ltd overvalued?

On its own history, Bharat Coking Coal Ltd looks expensive against its own history: its P/E of 133.0× sits at the 75th percentile of its 1-year range (long-run median 0.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Bharat Coking Coal Ltd growing?

Not right now — Bharat Coking Coal Ltd's latest numbers are shrinking: latest-quarter revenue −3.6% year on year, profit −138.4%, and the margin −6.8 pp at −1.8%. The earnings engine currently reads: deteriorating — as of 31 July 2026.

How is Bharat Coking Coal Ltd performing?

Bharat Coking Coal Ltd is topping out, 4 weeks in. Its latest quarter's revenue fell 3.6% and profit fell 138.4% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

Is Bharat Coking Coal Ltd in an uptrend?

It is stalling — the price is topping out (week 4 of stage 3), trading −9.3% versus its 200-day average and at 22% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Bharat Coking Coal Ltd beating the market?

Not lately — on a trailing-13-week view Bharat Coking Coal Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 6 months the stock moved −7% against the NIFTY 500's +2% — behind the index over the full window. — as of 31 July 2026.

Will Bharat Coking Coal Ltd's share price go up?

This page publishes no price forecast for Bharat Coking Coal Ltd. What it measures instead: the share price is ₹34.0, the price is topping out 4 weeks in. Its P/E of 133.0× sits at the 75th percentile of its own 1-year range. — as of 31 July 2026.

Who owns Bharat Coking Coal Ltd?

Promoters hold 90.0% of Bharat Coking Coal Ltd, foreign institutions 0.4%, domestic institutions 1.1% and the public 8.6% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.

Does Bharat Coking Coal Ltd have too much debt?

It is moderate — Bharat Coking Coal Ltd's debt-to-equity is 0.39, and operating profit covers the interest bill −3×. FY26 borrowings were ₹2,242 Cr against equity of ₹5,779 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.

What is Bharat Coking Coal Ltd's capex?

Bharat Coking Coal Ltd spent ₹4,220 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1,559 Cr, with ₹1,874 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Bharat Coking Coal Ltd's cash flow?

Bharat Coking Coal Ltd generated ₹−641 Cr of operating cash flow in FY26 and ₹−2,200 Cr of free cash flow after ₹1,559 Cr of capital spending. Reported profit that year was ₹128 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Bharat Coking Coal Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 44% of Bharat Coking Coal Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−641 Cr against reported profit of ₹128 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Bharat Coking Coal Ltd in its business cycle?

Bharat Coking Coal Ltd's FY26 operating margin was −3.6%, against a 6-year band of −22.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran −1.8%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Bharat Coking Coal Ltd story?

Biggest watch item: the P/E sits at the 75th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Bharat Coking Coal Ltd a stock worth studying right now?

This is not investment advice. The machine read: Bharat Coking Coal Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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