GULFOILLUBEnergy

Gulf Oil Lubricants India Limited

Lubricants · ISIN INE635Q01029 · BSE 538567 · NSE EQ · FV ₹2
Last price
₹1,064
+0.64%today
What this company does

Gulf Oil Lubricants India Limited operates in Lubricants, part of the Energy sector. It booked ₹1,327 cr of revenue in its latest quarter (Q1 FY27) and kept 9.3% of sales as profit. It is the 2nd largest of 7 Lubricants companies we track, by market value.

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Energy, on all six measures of filed financials. Each measure is ranked against the 6–26 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)
43

At close. Not part of the score.

Profitability & returns73

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality59

Whether reported profit actually arrives as cash

Growth & consistency65

Whether sales and profit have grown, and how steadily

Valuation40

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 31% vs last year
Profit up 28% vs last year
Promoters hold 67%
No promoter shares pledged
Strong 32% 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 We do not publish price targets or predict returns.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
₹1,064 +0.64%
latest close · 2026-09-17
1-year return
+79.2%
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 ratio10.7Low
LowAverageHigh
P/B ratio3.43High
Below bookModerateHigh
EV / EBITDA6.0Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity32.1%Strong
WeakFairStrong ▸15%
Return on capital41.2%Strong
WeakFairStrong
Net margin9.3%Decent
ThinDecentStrong
EBITDA margin14.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover20.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.85Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,269 cr
Book value
₹310
EPS
₹24.88
latest quarter
Net debt
₹-622 cr
more cash than debt
Enterprise value
₹4,647 cr
EBITDA
₹771 cr
annualised
EBIT
₹693 cr
annualised
Operating margin
13.0%
Return on assets
16.3%
Earnings yield
9.35%
P/S
0.99
Sales / share
₹1,072.1
Tax rate
26.6%
Face value
₹2
Shares
5.0 cr
Working capital
₹1,139 cr
Current assets
₹2,473 cr
Current liabilities
₹1,334 cr
Delivery %
57.2%
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 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹742 vs market price ₹1,064 — price is 43% above it
Safety cushion-43.4%(target ≥ +20%)
Models span ₹611₹873, midpoint ₹742
Model ₹742
Price ₹1,064
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₹1,327 cr
Other Income₹27 cr
Total Income₹1,354 cr
Cost of Materials₹826 cr
Purchases of Stock-in-Trade₹63 cr
Inventory Change (±)₹-109 cr
Employee Benefit Expense₹60 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹20 cr
Other Expenses₹322 cr
Total Expenses₹1,189 cr
Profit before Tax₹165 cr
Tax Expense₹44 cr
Share of JV / Associates₹-1.6 L
Net Profit₹121 cr
Net margin on total income8.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹780 cr57.6%
Employee benefit expense₹60 cr4.4%
Finance costs₹8 cr0.6%
Depreciation & amortisation₹20 cr1.4%
Other expenses₹322 cr23.7%
Tax expense₹44 cr3.2%
Profit for the period₹121 cr8.9%
Total income ₹1,354 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,018 cr1,055 cr1,327 cr
Total income1,042 cr1,080 cr1,354 cr
Expenses917 cr960 cr1,189 cr
Profit before tax102 cr120 cr165 cr
Tax26 cr31 cr44 cr
Net profit (owners' share)76 cr90 cr123 cr
Net margin (owners' share, on revenue)7.5%8.5%9.3%
EPS (₹)15.5018.1724.88
YoY (latest quarter): total income +30.3% · net profit +28.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,015 cr
Shareholder equity
₹1,536 cr
parent shareholders
Total debt
₹514 cr
Cash
₹1,136 cr
Cash flow · H1 FY26
Operating
₹24 cr
Investing
₹28 cr
Financing
₹16 cr
Peer comparison
Lubricants · by market value
CompanyPriceMarket capP/E
Castrol India Limited₹192₹18,963 cr13.7
Gulf Oil Lubricants India Limitedthis company₹1,064₹5,269 cr10.7
Savita Oil Technologies Limited₹691₹4,740 cr4.1
Panama Petrochem Limited₹460₹2,781 cr2.3
Gandhar Oil Refinery (India) Limited₹269₹2,637 cr3.4
Veedol Corporation Limited₹1,385₹2,355 cr7.6
GP Petroleums Limited₹62₹315 cr3.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
7.42%
trailing 12 months
Dividend / share (TTM)
₹79
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 · 2026-06-30
No pledge
Promoter
66.8%
FII / Foreign
7.8%
DII / Domestic
8.7%
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 2026-06-30
GULF OIL INTERNATIONAL (MAURITIUS) INC.66.85%
Business done with them
FY2025 · 1 of the group
The company paid ₹137 cr to companies in the promoter group last year — about 3.8% of its ₹3,631 cr revenue.
Gulf Oil International (Mauritius) Inc.
Other payments to them · Dividend on Equity Shares, Royalty, Trade Payable
also owns 66.85% of the company
₹137 cr
company paid

The company also transacted with 16 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.