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Gulf Oil Lubricant Overview

Gulf Oil Lubricants India Ltd is engaged in the enterprise of manufacturing, advertising and buying and selling of automotive and non-automotive lubricants, and greases. The Company's geographical segments include India and Outside India. Its services include diesel engine oils, hydraulic oils, tools, turbine, compressor and refrigeration, axle and transmission, marine oil, industrial cleaners, stationary gas engine oil, rust preventive, thermic fluid, greases and transformer oil, amongst others. The Company's products are used in vehicles and ...Read More

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Gulf Oil Lubricant Key Financials

Market Cap ₹4918 Cr.

Stock P/E 13.8

P/B 2.8

Current Price ₹995.6

Book Value ₹ 349.8

Face Value 2

52W High ₹1331.2

Dividend Yield 4.82%

52W Low ₹ 971.1

Gulf Oil Lubricant Share Price

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Volume
Price

Gulf Oil Lubricant Quarterly Price

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Gulf Oil Lubricant Peer Comparison

Gulf Oil Lubricant 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 802 818 870 894 864 920 953 1016 967 1018
Other Income 17 17 20 18 24 34 23 23 26 24
Total Income 819 835 889 912 888 954 976 1039 992 1042
Total Expenditure 702 707 752 780 757 798 824 889 849 885
Operating Profit 118 128 137 132 131 157 152 150 143 157
Interest 7 8 6 5 7 15 10 6 13 14
Depreciation 11 13 16 13 13 13 16 16 16 18
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -23
Profit Before Tax 99 107 115 114 111 129 125 128 113 102
Provision for Tax 25 27 28 29 28 32 32 33 29 26
Profit After Tax 74 79 87 84 83 97 93 95 84 76
Adjustments -0 1 -1 2 1 1 -1 1 2 0
Profit After Adjustments 74 80 86 86 84 98 92 96 86 76
Adjusted Earnings Per Share 15 16.3 17.5 17.5 17 19.9 18.7 19.4 17.3 15.5

Gulf Oil Lubricant Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2192 2999 3301 3631 3954
Other Income 44 48 70 99 96
Total Income 2236 3047 3371 3730 4049
Total Expenditure 1906 2657 2882 3159 3447
Operating Profit 330 390 489 571 602
Interest 10 38 26 36 43
Depreciation 36 40 51 56 66
Exceptional Income / Expenses 0 0 0 0 -23
Profit Before Tax 284 313 412 479 468
Provision for Tax 73 80 104 122 120
Profit After Tax 211 232 308 357 348
Adjustments 0 0 -0 2 2
Profit After Adjustments 211 232 308 360 350
Adjusted Earnings Per Share 41.9 47.4 62.6 73 70.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 18% 0% 0%
Operating Profit CAGR 17% 20% 0% 0%
PAT CAGR 16% 19% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -17% 35% 6% 8%
ROE Average 26% 24% 23% 23%
ROCE Average 29% 27% 26% 26%

Gulf Oil Lubricant Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1043 1178 1295 1462
Minority's Interest 0 0 72 69
Borrowings 0 0 0 0
Other Non-Current Liabilities 39 48 60 65
Total Current Liabilities 818 931 1080 1287
Total Liabilities 1900 2157 2506 2883
Fixed Assets 273 277 368 390
Other Non-Current Assets 72 125 132 135
Total Current Assets 1554 1755 2006 2358
Total Assets 1900 2157 2506 2883

Gulf Oil Lubricant Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 492 549 650 703
Cash Flow from Operating Activities -24 273 341 395
Cash Flow from Investing Activities -17 30 -51 77
Cash Flow from Financing Activities 98 -202 -238 -150
Net Cash Inflow / Outflow 57 102 53 323
Closing Cash & Cash Equivalent 549 650 703 1026

Gulf Oil Lubricant Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 41.85 47.39 62.63 72.99
CEPS(Rs) 48.94 55.47 72.97 83.8
DPS(Rs) 5 25 36 48
Book NAV/Share(Rs) 205.64 238.22 261.28 294.58
Core EBITDA Margin(%) 13.02 11.4 11.48 11.85
EBIT Margin(%) 13.41 11.68 12 12.94
Pre Tax Margin(%) 12.97 10.43 11.29 12.04
PAT Margin (%) 9.63 7.75 8.43 8.97
Cash Profit Margin (%) 11.26 9.07 9.82 10.37
ROA(%) 11.11 11.45 13.21 13.26
ROE(%) 20.35 21.07 25.12 26.11
ROCE(%) 21 24.08 27.93 29.36
Receivable days 55.71 45.3 45.56 45.63
Inventory Days 79.32 57.69 48.27 45.9
Payable days 86.13 73.33 94.75 102.52
PER(x) 10.07 8.53 14.99 15.7
Price/Book(x) 2.05 1.7 3.59 3.89
Dividend Yield(%) 1.19 6.18 3.83 4.19
EV/Net Sales(x) 0.87 0.55 1.27 1.38
EV/Core EBITDA(x) 5.79 4.26 8.57 8.79
Net Sales Growth(%) 0 36.84 10.07 10
EBIT Growth(%) 0 19.19 25.08 17.62
PAT Growth(%) 0 10.07 32.59 16.03
EPS Growth(%) 0 13.23 32.16 16.53
Debt/Equity(x) 0.34 0.28 0.26 0.29
Current Ratio(x) 1.9 1.89 1.86 1.83
Quick Ratio(x) 1.32 1.38 1.4 1.44
Interest Cover(x) 30.56 9.31 16.91 14.34
Total Debt/Mcap(x) 0.17 0.17 0.07 0.07

Gulf Oil Lubricant Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 71.94 71.94 71.8 71.76 67.22 67.14 67.14 67.14 67.11 67.11
FII 4.42 4.98 7.08 5.65 7.07 7.29 7.51 8.48 9.53 9.21
DII 6.07 4.33 5.33 6.18 9.85 9.89 9.83 8.14 7.75 8.43
Public 17.58 18.76 15.8 16.42 15.86 15.68 15.52 16.24 15.6 15.24
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Gulf Oil Lubricant News

Gulf Oil Lubricant Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 94.75 to 102.52days.
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