Bharat Coking Coal Limited (BCCL) is a Government-owned coal mining company and a subsidiary of Coal India Limited. The company is engaged in mining and supply of coking coal and non-coking coal, primarily serving the steel, power, and core industrial sectors. Revenue is generated through coal production and supply to domestic industrial consumers under regulated and contractual arrangements.

The Company is led by Promoter, i.e.,PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF COAL, GOVERNMENT OF INDIA AND COAL INDIA LIMITED

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 63,115.10 Million, ₹ 144,016.30 Million, ₹ 146,525.30 Million, and ₹ 130,185.70 Million, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 4,599.30 Million, ₹ 23,560.60 Million, ₹ 24,938.90 Million, and ₹ 8,913.10 Million, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,238.80 Million, ₹ 12,401.90 Million, ₹ 15,644.60 Million, and ₹ 6,647.80 Million, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue  EPS of ₹ 2.66 and post-issue EPS of ₹ 2.66 for FY25. The pre-issue P/E ratio is 8.65x,while the post-issue P/E ratio is 8.65x against the Industry P/E ratio is 17.16x The company's ROE for FY25 is 20.83%and RoNW is 20.83% The Annualised EPS is ₹ 0.53x and P/E is 43.23x.  These metrics suggest that the IPO is Fairly priced.

 
The Grey Market Premium (GMP) of Bharat Coking Coal showing listing gains of 30.43%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Apply to the Bharat Coking Coal Limited IPO for Listing gain or Long Term Purposes.