BPCLOil Gas & Consumable Fuels

Bharat Petroleum Corporation Limited

Refineries & Marketing · ISIN INE029A01011 · BSE 500547 · NSE EQ · FV ₹10
Last price
₹307
+1.20%today
What this company does

Bharat Petroleum Corporation Limited operates in Refineries & Marketing, part of the Oil Gas & Consumable Fuels sector. It booked ₹1.60 L cr of revenue in its latest quarter (Q1 FY27) and kept -1.2% of sales as profit. It is the 3rd largest of 7 Refineries & Marketing companies we track, by market value.

54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 611–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns6

How much profit it earns on the money it employs

Balance sheet23

How much it owes, and whether earnings cover the interest

Cash quality87

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation97

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Sales up 23% vs last year
Promoters hold 53%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -1.2% net margin
! Low -7.5% return on equity

What if I invest in BPCL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹307 +1.20%
latest close · 2026-09-17
1-year return
+31.5%
52-wk low ₹14752-wk high ₹330
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.31Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-7.5%Loss
WeakFairStrong ▸15%
Return on capital-8.4%Loss
WeakFairStrong
Net margin-1.2%Loss
ThinDecentStrong
EBITDA margin-0.6%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.43Comfortable
LowModerateHigh ▸1
Interest cover-4.8×Risky
RiskyOkayStrong ▸5×
Current ratio0.79Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1.31 L cr
Book value
₹234
EPS
₹-4.38
latest quarter
Net debt
₹43,162 cr
owes more than its cash
Enterprise value
₹1.74 L cr
EBITDA
₹-3,684 cr
annualised
EBIT
₹-11,960 cr
annualised
Operating margin
-1.9%
Return on assets
-3.0%
Earnings yield
P/S
0.21
Sales / share
₹1,493.5
Tax rate
Face value
₹10
Shares
427.3 cr
Working capital
₹-21,787 cr
Current assets
₹83,665 cr
Current liabilities
₹1.05 L cr
Delivery %
50.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹583 vs market price ₹307 — price is 47% below it
Safety cushion+47.3%(target ≥ +20%)
Models span ₹432₹733, midpoint ₹583
Model ₹583
Price ₹307
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1.60 L cr
Other Income₹1,249 cr
Total Income₹1.61 L cr
Cost of Materials₹90,588 cr
Purchases of Stock-in-Trade₹65,348 cr
Inventory Change (±)₹-8,368 cr
Employee Benefit Expense₹839 cr
Finance Costs₹627 cr
Depreciation & Amortisation₹2,069 cr
Other Expenses₹15,175 cr
Total Expenses₹1.66 L cr
Exceptional Items₹1,885 cr
Profit before Tax₹-3,617 cr
Tax Expense₹-1,343 cr
Share of JV / Associates₹401 cr
Net Profit₹-1,873 cr
Net margin on total income-1.2%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹1.48 L cr88.7%
Employee benefit expense₹839 cr0.5%
Finance costs₹627 cr0.4%
Depreciation & amortisation₹2,069 cr1.2%
Other expenses₹15,175 cr9.1%
Total income ₹1.61 L cr

The company made a net loss of ₹1,873 cr this quarter — income covered only 97 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1.37 L cr1.35 L cr1.60 L cr
Total income1.37 L cr1.36 L cr1.61 L cr
Expenses1.28 L cr1.28 L cr1.66 L cr
Profit before tax9,530 cr8,281 cr-3,617 cr
Tax2,549 cr2,213 cr-1,343 cr
Net profit (owners' share)7,188 cr5,625 cr-1,873 cr
Net margin (owners' share, on revenue)5.3%4.2%-1.2%
EPS (₹)16.8213.16-4.38
YoY (latest quarter): total income +23.3% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2.49 L cr
Shareholder equity
₹1.00 L cr
parent shareholders
Total debt
₹43,482 cr
Cash
₹320 cr
Cash flow · H1 FY26
Operating
₹21,313 cr
Investing
₹-8,041 cr
Financing
₹-13,400 cr
Peer comparison
Refineries & Marketing · by market value
CompanyPriceMarket capP/E
Reliance Industries Limited₹1,244₹16.83 L cr20.1
Indian Oil Corporation Limited₹134₹1.90 L cr
Bharat Petroleum Corporation Limitedthis company₹307₹1.31 L cr
Hindustan Petroleum Corporation Limited₹351₹74,601 cr
Mangalore Refinery and Petrochemicals Limited₹164₹28,702 cr7.6
Chennai Petroleum Corporation Limited₹1,414₹21,057 cr5.1
Kotyark Industries Limited₹31₹354 cr23.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
5.70%
trailing 12 months
Dividend / share (TTM)
₹17.5
Last dividend
₹10
ex 2 Feb 2026
ActionDetailEx-date
Dividend₹10 / share2 Feb 2026
Dividend₹7.5 / share7 Nov 2025
Dividend₹5 / share31 Jul 2025
Dividend₹5 / share29 Jan 2025
Dividend₹10.5 / share9 Aug 2024
Bonus issue1:121 Jun 2024
Who owns it · 2026-06-30
No pledge
Promoter
53.0%
FII / Foreign
16.8%
DII / Domestic
21.1%
Retail / others
9.1%
Smart-money activity
Insider trades
SoldPRESIDENT OF INDIA · Promoters69.12 L · ₹350.4 cr10 Oct 19
SoldPRESIDENT OF INDIA · Promoters1.38 cr · ₹416.3 cr21 Feb 19
Bulk / block deals
short · NSE7016 Sep 26
short · NSE3,95031 Aug 26
short · NSE1,97226 Aug 26
Stake changes
SoldLife Insurance Corporation of India→ 6.76% · 8.68 cr18 Nov 25
BoughtLIFE INSURANCE CORPORATION OF INDIA→ 9.04% · 4.36 cr26 Sep 22
BoughtLife Insurance Corporation of India→ 7.03% · 4.38 cr28 Dec 21
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
To receive, consider and adopt (a) the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors, the Statutory Auditors and the Comments of the Comptroller and Auditor General of India thereon.
Backed by 95% of shareholders other than promotersneeded 50%
152.76 cr votes for, 8.14 cr against · 5% of mutual funds and other big investors said no
2
To confirm the payments of First and Second Interim Dividend on Equity Shares for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
161.13 cr votes for, 7,822 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Vetsa Ramakrishna Gupta, Director (DIN: 08188547), who retires by rotation and being eligible, offers himself for reappointment.
Backed by 66% of shareholders other than promotersneeded 50%
106.78 cr votes for, 54.23 cr against · 35% of mutual funds and other big investors said no
4
To authorize the Board of Directors of the Company to fix the remuneration of the Joint Statutory Auditors of the Company for the Financial Year 2026-27 in terms of the provisions of Section 139(5) read with Section 142 of the Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 50%
161.04 cr votes for, 8.36 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 53.0% between them · as of 2026-06-30
PRESIDENT OF INDIA52.98%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.