GULFOILLUBEnergy

Gulf Oil Lubricants India Limited

Lubricants · ISIN INE635Q01029 · BSE 538567 · NSE EQ · FV ₹2
Last price
₹1,086
+0.10%today
What this company does

Gulf Oil Lubricants India Limited operates in Lubricants, part of the Energy sector. It booked ₹1,409 cr of revenue in its latest quarter (Q2 FY27) and kept 8.2% of sales as profit. It is the 2nd largest of 7 Lubricants companies we track, by market value.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Energy, on all six measures of filed financials. Each measure is ranked against the 7–24 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)
54

At close. Not part of the score.

Profitability & returns70

How much profit it earns on the money it employs

Balance sheet24

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency65

Whether sales and profit have grown, and how steadily

Valuation50

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
✓ Makes a profit
✓ Sales up 46% vs last year
✓ Profit up 35% vs last year
✓ Promoters hold 67%
✓ No promoter shares pledged
✓ Strong 28% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GULFOILLUB?

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 6% a year, it would become
₹16.33 lakh

The slider starts at 6%, 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 We do not publish price targets or predict returns.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
₹1,086▲ +0.10%
latest close · 2026-11-04
1-year return
+84.0%
52-wk low ₹37852-wk high ₹1,230
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/E ratio11.7Low
LowAverageHigh
P/B ratio3.28High
Below bookModerateHigh
EV / EBITDA6.4Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity28.2%Strong
WeakFairStrong ▸15%
Return on capital37.6%Strong
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin13.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.46Comfortable
LowModerateHigh ▸1
Interest cover10.9×Strong
RiskyOkayStrong ▸5×
Current ratio1.65Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,383 cr
Book value
₹331
EPS
₹23.30
latest quarter
Net debt
₹-495 cr
more cash than debt
Enterprise value
₹4,888 cr
EBITDA
₹763 cr
annualised
EBIT
₹678 cr
annualised
Operating margin
12.0%
Return on assets
12.5%
Earnings yield
8.58%
P/S
0.96
Sales / share
₹1,137.0
Tax rate
25.6%
Face value
₹2
Shares
5.0 cr
Working capital
₹1,228 cr
Current assets
₹3,123 cr
Current liabilities
₹1,895 cr
Delivery %
54.2%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹749 vs market price ₹1,086 — price is 45% above it
Safety cushion-45.0%(target ≥ +20%)
Models span ₹651–₹847, midpoint ₹749
Model ₹749
Price ₹1,086
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 · Q2 FY27 (consolidated)
Revenue from Operations₹1,409 cr
Other Income₹27 cr
Total Income₹1,436 cr
Cost of Materials₹906 cr
Purchases of Stock-in-Trade₹84 cr
Inventory Change (±)₹-88 cr
Employee Benefit Expense₹60 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹21 cr
Other Expenses₹283 cr
Total Expenses₹1,282 cr
Profit before Tax₹154 cr
Tax Expense₹39 cr
Share of JV / Associates₹-7.2 L
Net Profit₹115 cr
Net margin on total income8.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹902 cr62.8%
Employee benefit expense₹60 cr4.2%
Finance costs₹15 cr1.1%
Depreciation & amortisation₹21 cr1.5%
Other expenses₹283 cr19.7%
Tax expense₹39 cr2.7%
Profit for the period₹115 cr8.0%
Total income ₹1,436 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,055 cr1,327 cr1,409 cr
Total income1,080 cr1,354 cr1,436 cr
Expenses960 cr1,189 cr1,282 cr
Profit before tax120 cr165 cr154 cr
Tax31 cr44 cr39 cr
Net profit (owners' share)90 cr123 cr115 cr
Net margin (owners' share, on revenue)8.5%9.3%8.2%
EPS (₹)18.1724.8823.30
YoY (latest quarter): total income +44.7% · net profit +34.9%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹3,697 cr
Shareholder equity
₹1,639 cr
parent shareholders
Total debt
₹774 cr
Cash
₹1,269 cr
Cash flow · H1 FY27
Operating
₹36 cr
Investing
₹17 cr
Financing
₹80 cr
Peer comparison
Lubricants · by market value
CompanyPriceMarket capP/E
Castrol India Limited₹194₹19,190 cr27.2
Gulf Oil Lubricants India Limitedthis company₹1,085₹5,378 cr11.6
Savita Oil Technologies Limited₹697₹4,782 cr4.2
Panama Petrochem Limited₹466₹2,818 cr2.3
Gandhar Oil Refinery (India) Limited₹264₹2,583 cr3.7
Veedol Corporation Limited₹1,411₹2,398 cr7.7
GP Petroleums Limited₹65₹331 cr5.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
4.69%
trailing 12 months
Dividend / share (TTM)
₹51
Last dividend
₹30
ex 4 Sep 2026
ActionDetailEx-date
Dividend₹30 / share4 Sep 2026
Dividend₹21 / share13 Feb 2026
Dividend₹28 / share19 Sep 2025
Dividend₹20 / share14 Feb 2025
Dividend₹20 / share5 Sep 2024
Dividend₹16 / share13 Feb 2024
Who owns it · 2026-09-30
No pledge
Promoter
66.8%
FII / Foreign
8.6%
DII / Domestic
7.9%
Retail / others
16.7%
Promoter stake down 5.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRavi Chawla · -5,000 · ₹62.7 L25 Mar 25
SoldRavi Chawla · -2,376 · ₹29.9 L21 Mar 25
SoldManish Kumar Gangwal · -1,000 · ₹13.0 L20 Mar 25
Bulk / block deals
short— · NSE17 Aug 26
short— · NSE2614 May 26
short— · NSE3416 Jun 25
Stake changes
SoldGulf Oil International (Mauritius) Inc. · promoter→ 67.22% · 22.00 L26 Sep 24
SoldFranklin Templeton Mutual Fund (through its various schemes)→ 3.02% · 79,06522 Aug 23
BoughtFranklin Templeton Mutual Fund through its various schemes→ 5.11% · 1.45 L9 Jul 20
What shareholders were asked to approve

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 · 11 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
72.03 L votes for, 1,163 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with the Report of the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
72.06 L votes for, 1,164 against · 0% of mutual funds and other big investors said no
3
Declaration of final dividend on equity shares for the financial year ended March 31, 2026
Backed by 97% of shareholders other than promotersneeded 50%
69.82 L votes for, 2.27 L against · 4% of mutual funds and other big investors said no
4
Re-appointment of Mr. Shom Ashok Hinduja (DIN: 07128441) as Non-Executive Director, liable to retire by rotation
Backed by 99% of shareholders other than promotersneeded 50%
71.44 L votes for, 64,118 against · 1% 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 66.8% between them · as of 2026-09-30
GULF OIL INTERNATIONAL (MAURITIUS) INC66.80%
Business done with them
FY2026 · 1 of the group
The company paid ₹162 cr to companies in the promoter group last year — about 4.0% of its ₹4,056 cr revenue.
GULF OIL INTERNATIONAL (MAURITIUS) INC.
Other payments to them · Dividend on Equity Shares
also owns 66.80% of the company
₹162 cr
company paid

The company also transacted with 25 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.