Bharat Petroleum Corporation Ltd (BPCL) — Share Price, Financials & Ratios

Key Fundamentals

LargecapRefineries & MarketingPetroleum Products

Market Cap

1.4L Cr

Volatility

Moderate

P/E Ratio

7.86

EBITDA

₹44,501 Cr

Return on Equity

25.8%

Debt to Equity

0.54

Book Value

₹231.13

EPS

₹44.92

52W High

₹391.65

52W Low

₹266.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Basic EPS

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Book Value per Share

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Capital Expenditure

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Cash & Equivalents

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Cash Flow from Investing

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Cost of Materials Consumed

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Current Investments

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3

Stock is providing a good dividend yield of 5.64%.
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company has been maintaining a healthy dividend payout of 31.5%

Growth Rate

Revenue Growth

3.52% ↘

Net Income Growth

93.78% ↗

Cash Flow Change

114.42% ↗

ROE

57.41% ↗

ROCE

54.60% ↗

EBITDA Margin (Avg.)

53.15% ↗

AI Analysis — Bull vs Bear

anthropic

claude-opus-4.6 4d ago

AI opinion · based on fundamentals

Risk high

BPCL trades at a PE of ~8x with a market cap of ₹1,37,552 crore, offering a dividend yield of 5.56%. The company reported a sharp 50% decline in standalone PAT to ₹13,337 crore in FY25 from ₹26,859 crore in FY24, though FY26 has seen a strong recovery with PAT rising 75% YoY to ₹23,303 crore. Refining throughput reached a record 41.15 MMT in FY26 and sales hit 55.72 MMT, but GRM volatility and government pricing controls remain structural overhangs.

Bull Case 8

Attractive valuation at PE of ~8x, well below broader market multiples, reflecting significant earnings potential if margins sustain
High dividend yield of 5.56% with a consistent payout ratio of 31.5%, providing income support to shareholders
Strong 3-year ROE track record of 29%, indicating efficient capital utilization despite cyclical earnings
Record refinery throughput of 41.15 MMT and total sales of 55.72 MMT achieved in FY26, demonstrating operational efficiency at 107% capacity utilization
Aggressive capex of ₹25,000 crore planned for FY27 (up 35% YoY), with major petrochemicals expansion at Bina refinery expected by May 2028, diversifying revenue streams
FY26 PAT recovered sharply to ₹23,303 crore (up 75% YoY from ₹13,275 crore in FY25), showing earnings resilience after a down year
Compounded profit growth of 107% over 3 years and 16% over 5 years reflects structural earnings improvement from the FY22 lows
India's fuel demand growing steadily with domestic sales rising from 51.04 MMT in FY24 to 52.40 MMT in FY25, providing volume tailwinds for the largest retail fuel network

Bear Case 8

FY25 standalone PAT fell 50% to ₹13,337 crore from ₹26,859 crore in FY24, demonstrating extreme earnings volatility inherent to the business
GRM declined sharply to $4.88/bbl in Q1 FY26 from $7.86/bbl in Q1 FY25, highlighting vulnerability to global refining margin cycles
Government retains 52.98% stake with implicit pricing control on petrol, diesel, and LPG — under-recoveries on LPG remain a recurring drag on profitability
Stock CAGR of just 5% over 10 years and -1% over 1 year, significantly underperforming broader indices despite periodic earnings spikes
Debt-to-equity ratio of 0.54x with heavy capex commitments of ₹25,000 crore in FY27 could strain the balance sheet if margins compress again
Compounded sales growth has been -1% over 3 years, indicating top-line stagnation despite volume increases, as crude price volatility distorts revenue
Privatization shelved indefinitely since 2022, removing a potential re-rating catalyst and keeping the company subject to government policy directives on fuel pricing
TTM profit growth is -12%, indicating the most recent earnings trajectory is declining even as the market prices in cyclical recovery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

anthropic

claude-opus-4.6 5h ago

Headwinds 2

Q1FY27 net loss ₹3,962 crore Jul 22

BPCL reported standalone net loss of ₹3,962.13 crore in Q1FY27, reversing from ₹3,191.49 crore profit in Q4FY26. EBITDA turned negative at ₹40.77 billion due to suppressed marketing margins.
High spot market oil dependence Jul 23

Spot market oil purchases surged to 69% in the June quarter from 44% a year ago, exposing BPCL to greater price volatility. Russian crude processing rose to 38%, raising geopolitical supply risk.

Positives 2

BRSR highlights decarbonization progress Aug 3

BPCL published its FY2025-26 sustainability report showcasing decarbonization milestones, renewable energy expansion, and CSR investments of ₹267.17 crore.
₹5,000 crore NCD issuance approved Aug 18

Board approved secured/unsecured NCD issuance up to ₹5,000 crore in up to 10 tranches within one year, strengthening funding flexibility for capex and operations.

Neutral 6

Investor meets at EMKAY, Motilal Aug 7

BPCL scheduled analyst meetings on Aug 12 and Aug 19, 2026 in Mumbai at EMKAY Confluence and Motilal Oswal Global Investor Conference.
73rd AGM set for Aug 27 Aug 3

AGM agenda includes digital payments expansion, new director appointments, and cost auditor fee ratification.
New Chief Procurement Officer appointed Aug 1

Amit Kumar appointed as CPO effective August 1, 2026, succeeding Kani Amudhan N who superannuated.
CMD Khanna gets extended charge Jul 30

Ministry of Petroleum extended additional charge of Director (Refineries) to CMD Sanjay Khanna, consolidating leadership roles.
Q1FY27 earnings call audio posted Jul 23

Audio recording of unaudited Q1FY27 results conference call held July 23, 2026 made available per SEBI compliance.
₹22.72 crore block trade on NSE Jul 20

Approximately 730,294 shares traded at ₹311.10 per share in an institutional block deal worth ₹22.72 crore.

TL;DR: BPCL faces a challenging near-term outlook after posting a steep ₹3,962 crore net loss in Q1FY27 driven by negative marketing margins, while increased spot market procurement (69%) raises cost volatility risk. On the positive side, the ₹5,000 crore NCD approval provides funding headroom and sustainability initiatives signal long-term positioning. The trend is deteriorating on profitability, and recovery hinges on marketing margin normalization and crude price stability in coming quarters.

Quarterly Results

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,12,985	1,03,044	1,15,499	1,16,555	1,13,095	1,02,785	1,13,166	1,11,230	1,12,551	1,04,946	1,19,029	1,18,701	1,51,277
Expenses	97,200	90,104	1,09,300	1,07,600	1,07,468	98,268	1,05,710	1,03,494	1,02,874	95,185	1,07,343	1,09,067	1,55,332
Operating Profit	15,785	12,941	6,199	8,955	5,627	4,517	7,456	7,737	9,678	9,761	11,687	9,634	-4,055
OPM %	14%	13%	5%	8%	5%	4.4%	7%	7%	9%	9%	10%	8%	-2.7%
Other Income	1,003	911	919	403	807	1,278	548	1,061	1,840	1,375	687	940	3,535
Interest	1,071	1,190	920	967	889	923	861	919	758	833	657	705	627
Depreciation	1,614	1,605	1,830	1,722	1,686	1,779	1,810	1,982	1,889	1,958	1,979	2,031	2,069
PBT	14,103	11,056	4,367	6,669	3,859	3,094	5,333	5,897	8,872	8,345	9,737	7,838	-3,216
Tax %	25%	25%	27%	28%	26%	26%	29%	26%	23%	26%	26%	28%	-42%
Net Profit	10,644	8,244	3,181	4,790	2,842	2,297	3,806	4,392	6,839	6,191	7,188	5,625	-1,873
EPS in Rs	24.53	19	7.33	11.04	6.55	5.29	8.77	10.12	15.76	14.27	16.57	12.96	-4.32

Show % Change

Figures in ₹ Crores

Profit & Loss

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,42,598	1,87,815	2,01,251	2,35,895	2,98,226	2,84,572	2,30,171	3,46,791	4,73,187	4,48,083	4,40,272	4,55,228	4,93,954
Expenses	2,32,818	1,74,844	1,87,468	2,20,578	2,83,113	2,75,597	2,09,170	3,27,654	4,62,288	4,04,001	4,14,870	4,14,026	4,66,927
Operating Profit	9,780	12,971	13,783	15,317	15,112	8,975	21,001	19,137	10,899	44,082	25,401	41,202	27,027
OPM %	4%	7%	7%	6%	5%	3.1%	9%	6%	2.3%	10%	6%	9%	5%
Other Income	2,117	1,913	2,721	2,927	2,975	1,393	7,489	4,939	2,554	3,032	3,629	4,399	6,536
Interest	1,180	680	696	1,186	1,764	2,637	1,723	2,606	4,263	4,149	3,591	2,953	2,823
Depreciation	3,027	2,072	2,108	2,885	3,418	4,080	4,334	5,434	6,369	6,771	7,257	7,856	8,036
PBT	7,690	12,132	13,700	14,174	12,905	3,652	22,432	16,037	2,821	36,194	18,182	34,791	22,704
Tax %	34%	33%	31%	31%	34%	0%	23%	27%	24%	26%	27%	26%	—
Net Profit	5,082	8,089	9,507	9,792	8,528	3,666	17,320	11,682	2,131	26,859	13,337	25,843	17,132
EPS in Rs	11.08	18.64	20.1	20.76	17.98	7.04	37.26	26.93	4.91	61.91	30.74	59.57	39.48
Div. Payout %	34%	25%	49%	46%	48%	106%	102%	29%	40%	33%	32%	29%	—

Show % Change

Figures in ₹ Crores

Balance Sheet

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	723	656	1,311	1,967	1,967	1,967	2,093	2,129	2,129	2,136	4,273	4,273
Reserves	21,839	27,138	29,508	34,652	36,798	34,565	51,462	49,776	51,393	73,499	77,112	95,898
Borrowings	25,492	23,388	35,725	37,659	44,839	65,476	54,532	64,534	69,376	54,599	61,101	54,424
Other Liabilities	38,268	35,241	42,541	46,078	53,322	48,852	52,891	71,089	65,240	72,184	75,898	94,021
Total Liabilities	86,322	86,422	1,09,086	1,20,356	1,36,926	1,50,860	1,60,978	1,87,529	1,88,138	2,02,418	2,18,382	2,48,616
Fixed Assets	29,109	25,358	33,684	45,539	49,315	60,175	64,098	83,901	86,675	86,798	88,628	93,624
CWIP	15,787	17,459	16,834	9,875	13,654	17,757	17,037	15,433	16,249	20,204	26,387	32,911
Investments	7,712	9,401	21,327	23,725	24,907	27,029	26,768	23,616	26,778	26,631	26,531	30,136
Other Assets	33,714	34,203	37,241	41,217	49,050	45,900	53,075	64,578	58,436	68,785	76,837	91,945
Total Assets	86,322	86,422	1,09,086	1,20,356	1,36,926	1,50,860	1,60,978	1,87,529	1,88,138	2,02,418	2,18,382	2,48,616

Show % Change

Figures in ₹ Crores

Cash Flow

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	20,742	11,119	9,041	11,068	10,157	7,881	23,455	20,336	12,466	35,936	23,678	50,769
Investing	-10,536	-9,233	-15,274	-7,066	-10,451	-11,135	-2,474	-8,138	-7,806	-10,521	-19,180	-26,067
Financing	-9,792	-1,332	4,804	-4,218	207	3,583	-13,981	-17,672	-4,402	-25,427	-6,241	-24,940
Net Cash Flow	414	555	-1,429	-215	-87	329	7,000	-5,474	257	-12	-1,743	-238
Free Cash Flow	9,754	947	-417	3,384	-344	-4,289	14,403	12,643	3,960	26,391	8,574	31,476
CFO/OP	240	111	94	93	86	108	129	115	121	101	109	143

Show % Change

Figures in ₹ Crores

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	4	4	9	8	8	7	12	10	5	7	8	4
Inventory Days	29	34	45	41	32	32	52	51	32	42	43	51
Days Payable	22	19	24	27	25	19	32	37	20	27	29	41
Cash Conversion Cycle	12	19	30	21	16	20	33	24	17	21	22	14
Working Capital Days	-19	-18	-31	-19	-13	-30	-33	-29	-20	-21	-27	-34
ROCE %	17%	25%	24%	21%	18%	9%	18%	16%	7%	32%	16%	26%

Show % Change

Shareholding Pattern

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%	52.98%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.55%	13.02%	14.21%	16.80%	15.03%	15.40%	14.71%	14.58%	15.45%	16.53%	18.46%	19.58%	16.84%
DIIs	23.31%	22.36%	21.73%	21.14%	19.85%	20.70%	19.82%	21.80%	22.59%	23.11%	22.54%	22.13%	21.29%	21.31%	22.06%	22.27%	22.24%	22.17%	21.30%	19.56%	18.53%	21.07%
Government	0.86%	0.86%	0.86%	0.86%	0.86%	0.86%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.94%	0.43%	0.43%	0.86%
Public	5.09%	7.62%	9.05%	9.40%	9.68%	9.49%	9.37%	9.03%	8.31%	7.87%	7.95%	7.24%	5.86%	7.51%	6.42%	6.71%	6.86%	6.16%	5.97%	5.82%	5.75%	5.93%
Others	17.76%	16.18%	15.39%	15.62%	16.63%	15.98%	16.89%	15.26%	15.19%	2.56%	2.58%	2.50%	2.13%	2.22%	2.21%	2.39%	2.40%	2.30%	2.28%	2.75%	2.74%	2.32%
No. of Shareholders	0	4,68,377	5,62,947	7,69,895	8,37,456	9,30,486	9,41,242	9,42,635	8,58,136	8,16,721	8,17,339	7,49,213	7,23,571	9,27,835	10,18,790	11,24,530	11,93,410	11,07,980	10,59,890	9,87,767	10,33,060	10,50,340

Show % Change

Documents

1

Concall - Jul 2026 Jul 2026

Recording

2

Concall - May 2026 May 2026

Transcript

3

Concall - Jan 2026 Jan 2026

PPT

4

Concall - Jun 2015 Jun 2015

PPT

5

Concall - Sep 2015 Sep 2015

PPT

Frequently Asked Questions about Bharat Petroleum Corporation Ltd

What does Bharat Petroleum Corporation Ltd do?

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.[1]

Where is Bharat Petroleum Corporation Ltd (BPCL) listed?

Bharat Petroleum Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: BPCL and BSE: 500547. You can view its live share price, financials, and ratios on Tapetide.

Which sector does Bharat Petroleum Corporation Ltd belong to?

Bharat Petroleum Corporation Ltd operates in the Energy sector within the Petroleum Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.

What is the market capitalisation of Bharat Petroleum Corporation Ltd?

Bharat Petroleum Corporation Ltd has a market capitalisation of approximately ₹137205.24 Cr. Based on this, it is classified as a Large Cap stock.

What is the PE ratio of Bharat Petroleum Corporation Ltd?

The Price-to-Earnings (PE) ratio of Bharat Petroleum Corporation Ltd is 7.86. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.

What is the 52-week high and low of Bharat Petroleum Corporation Ltd?

Over the past 52 weeks, Bharat Petroleum Corporation Ltd has traded between a low of ₹266.6 and a high of ₹391.65. This range helps investors understand the stock's price volatility and recent trading levels.

Does Bharat Petroleum Corporation Ltd pay dividends?

Yes, Bharat Petroleum Corporation Ltd has a dividend yield of 5.53%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.

What is the Return on Equity (ROE) of Bharat Petroleum Corporation Ltd?

Bharat Petroleum Corporation Ltd has a Return on Equity (ROE) of 25.80%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.

How can I research Bharat Petroleum Corporation Ltd on Tapetide?

On Tapetide, you can view Bharat Petroleum Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.