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BPCL Overview

Bharat Petroleum Corporation Limited is engaged in presenting motor spirit (MS), high speed diesel (HSD) and LPG. The Company is engaged within the enterprise of refining of crude oil and advertising and marketing of petroleum products. It operates thru two segments: Downstream petroleum, and Exploration and Production of Hydrocarbons (E&P). The Downstream petroleum section consists of refining and advertising of petroleum products. It is engaged in the manufacturing of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or...Read More

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BPCL Key Financials

Market Cap ₹168356 Cr.

Stock P/E 12.6

P/B 1.7

Current Price ₹388.1

Book Value ₹ 232.8

Face Value 10

52W High ₹391.9

Dividend Yield 2.58%

52W Low ₹ 234.2

BPCL Share Price

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Volume
Price

BPCL Quarterly Price

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BPCL Peer Comparison

BPCL Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 116657 129985 132087 128106 117949 127551 126916 129615 121605 136653
Other Income 676 491 507 570 697 608 805 750 953 646
Total Income 117333 130476 132594 128677 118646 128158 127721 130364 122557 137299
Total Expenditure 103717 123786 122929 122480 113432 120025 119180 119937 111844 124967
Operating Profit 13616 6690 9664 6197 5215 8133 8541 10428 10714 12332
Interest 1190 921 967 889 923 861 919 758 833 657
Depreciation 1605 1830 1722 1686 1779 1810 1982 1889 1958 1979
Exceptional Income / Expenses -65 -63 -104 -142 -75 -59 -101 -67 -166 -167
Profit Before Tax 10756 3876 6872 3480 2438 5403 5539 7714 7757 9530
Provision for Tax 2812 1186 1880 1017 796 1527 1505 2033 2153 2549
Profit After Tax 7943 2690 4992 2462 1641 3876 4034 5681 5604 6981
Adjustments 300 491 -203 379 656 -70 357 1158 588 208
Profit After Adjustments 8244 3181 4790 2842 2297 3806 4392 6839 6191 7188
Adjusted Earnings Per Share 19.4 7.5 11.2 6.7 5.4 8.9 10.3 16 14.5 16.8

BPCL Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 242599 187815 201251 235895 298226 284572 230171 346791 473187 448083 440272 514789
Other Income 2120 1596 1909 1819 2038 2115 2504 2271 1499 2235 2685 3154
Total Income 244719 189410 203160 237714 300263 286687 232675 349062 474686 450318 442957 517941
Total Expenditure 232821 174878 187600 220758 283113 275826 208874 327656 462300 404002 414870 475928
Operating Profit 11898 14533 15560 16955 17150 10860 23801 21406 12386 46317 28086 42015
Interest 1180 680 696 1186 1764 2637 1975 2606 4263 4149 3591 3167
Depreciation 3027 2072 2108 2885 3418 4080 4334 5434 6369 6771 7257 7808
Exceptional Income / Expenses 0 0 0 0 0 -1892 5266 1135 -1126 -268 -378 -501
Profit Before Tax 7690 12132 13700 14174 12905 3652 22432 16037 2821 36194 18182 30540
Provision for Tax 2608 4043 4193 4382 4378 -14 5112 4355 690 9336 4846 8240
Profit After Tax 5082 8089 9507 9792 8528 3666 17320 11682 2131 26859 13337 22300
Adjustments -275 0 -786 -783 -726 -610 -1155 0 0 0 0 2311
Profit After Adjustments 4807 8089 8721 9009 7802 3055 16165 11682 2131 26859 13337 24610
Adjusted Earnings Per Share 11.1 20.6 22.2 22.9 19.8 7.8 38.6 27.4 5 62.9 31.2 57.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% 8% 9% 6%
Operating Profit CAGR -39% 9% 21% 9%
PAT CAGR -50% 5% 29% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 49% 32% 13% 11%
ROE Average 17% 21% 25% 25%
ROCE Average 17% 19% 20% 20%

BPCL Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 22562 27793 30820 36619 38765 36532 53555 51906 53522 75635 81384
Minority's Interest 1286 1678 1958 1905 2070 2056 0 0 0 0 0
Borrowings 19342 21097 23255 28904 34316 38044 35740 36359 41369 26877 26528
Other Non-Current Liabilities 2928 4859 5753 7118 8666 14006 13979 16137 18375 19022 19798
Total Current Liabilities 40204 30994 47300 45810 53110 60222 57704 83127 74871 80883 90672
Total Liabilities 86322 86422 109086 120356 136926 150860 160978 187529 188138 202418 218382
Fixed Assets 29109 25359 33684 45539 49315 60142 64098 83901 86675 86798 88628
Other Non-Current Assets 20848 29617 37493 34216 38830 47467 44805 41633 45421 49925 56922
Total Current Assets 36294 31447 37899 40583 48768 43231 52053 61982 56026 65652 72800
Total Assets 86322 86422 109086 120356 136926 150860 160978 187529 188138 202418 218382

BPCL Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1741 1482 2037 502 287 200 529 7529 2056 2313 2301
Cash Flow from Operating Activities 20742 11119 9041 11068 10157 7881 23455 20336 12466 35970 23678
Cash Flow from Investing Activities -10536 -9233 -15274 -7066 -10451 -11135 -2474 -8138 -7806 -10554 -19180
Cash Flow from Financing Activities -9792 -1332 4804 -4218 207 3583 -13981 -17672 -4402 -25427 -6241
Net Cash Inflow / Outflow 414 555 -1429 -215 -87 329 7000 -5474 257 -12 -1743
Closing Cash & Cash Equivalent 2710 2037 608 287 200 529 7529 2056 2313 2301 558

BPCL Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.08 20.56 22.17 22.9 19.83 7.77 38.62 27.43 5 62.86 31.21
CEPS(Rs) 18.69 25.83 29.53 32.23 30.37 19.69 51.73 40.19 19.96 78.71 48.2
DPS(Rs) 3.75 5.17 10.83 10.5 9.5 8.25 39.5 8 2 15.75 10
Book NAV/Share(Rs) 51.81 70.65 78.35 93.09 98.54 92.87 125.9 121.88 125.67 177.02 190.48
Core EBITDA Margin(%) 3.78 5.9 5.6 5.42 4.43 2.65 7 4.42 2.04 8.69 5.08
EBIT Margin(%) 3.43 5.84 5.91 5.5 4.3 1.91 8.02 4.31 1.33 7.96 4.35
Pre Tax Margin(%) 2.97 5.53 5.62 5.07 3.79 1.11 7.37 3.71 0.53 7.14 3.63
PAT Margin (%) 1.96 3.69 3.9 3.5 2.5 1.11 5.69 2.7 0.4 5.3 2.66
Cash Profit Margin (%) 3.13 4.63 4.77 4.54 3.5 2.35 7.12 3.96 1.59 6.63 4.11
ROA(%) 5.82 9.37 9.73 8.54 6.63 2.55 11.11 6.7 1.13 13.75 6.34
ROE(%) 24.31 32.18 32.44 29.04 22.63 9.74 38.82 22.33 4.04 41.59 16.99
ROCE(%) 17.66 25.84 24.46 21.81 18.58 7 24.82 17.85 6.35 34.15 17.06
Receivable days 5.25 4.26 5.26 6.54 6.49 6.8 7.92 7.4 5.62 5.42 6.45
Inventory Days 28.62 26.68 26.83 28.56 24.34 25 29.36 29.06 27.45 29.12 32.12
Payable days 21.62 24.34 21.01 24 23.09 22.36 28.61 28.04 22.91 25.39 27.92
PER(x) 12.18 7.31 9.76 9.34 9.99 20.35 5.54 6.55 34.38 4.79 8.92
Price/Book(x) 2.61 2.13 2.76 2.3 2.01 1.7 1.7 1.47 1.37 1.7 1.46
Dividend Yield(%) 2.78 3.44 5.01 4.91 4.79 5.22 18.46 4.45 1.16 5.23 3.59
EV/Net Sales(x) 0.33 0.42 0.59 0.51 0.41 0.42 0.56 0.38 0.28 0.38 0.37
EV/Core EBITDA(x) 6.78 5.39 7.64 7.11 7.12 11.11 5.39 6.11 10.64 3.64 5.72
Net Sales Growth(%) -8.25 -22.58 7.15 17.21 26.42 -4.58 -19.12 50.67 36.45 -5.31 -1.74
EBIT Growth(%) 8.88 44.43 12.36 6.69 -4.49 -57.13 288.12 -23.62 -62 469.51 -46.03
PAT Growth(%) 25.39 59.17 17.53 3 -12.91 -57.01 372.47 -32.55 -81.76 1160.36 -50.35
EPS Growth(%) 22.91 85.6 7.81 3.3 -13.39 -60.84 397.21 -28.98 -81.76 1156.31 -50.35
Debt/Equity(x) 1.13 0.84 1.16 1.03 1.16 1.63 0.89 1.09 1.14 0.61 0.64
Current Ratio(x) 0.9 1.01 0.8 0.89 0.92 0.72 0.9 0.75 0.75 0.81 0.8
Quick Ratio(x) 0.47 0.54 0.35 0.39 0.49 0.35 0.44 0.24 0.24 0.28 0.3
Interest Cover(x) 7.51 18.83 20.67 12.95 8.32 2.38 12.36 7.15 1.66 9.72 6.06
Total Debt/Mcap(x) 0.44 0.36 0.38 0.41 0.52 0.87 0.51 0.73 0.82 0.35 0.43

BPCL Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 52.98 52.98 52.98 52.98 52.98 52.98 52.98 52.98 52.98 52.98
FII 13.02 14.21 16.8 15.03 15.4 14.71 14.58 15.45 16.53 18.46
DII 23.48 23.07 22.24 22.25 23 23.21 23.18 23.11 22.24 19.99
Public 10.53 9.74 7.99 9.74 8.63 9.1 9.26 8.46 8.25 8.57
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

BPCL News

BPCL Pros & Cons

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 25.39 to 27.92days.
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