MarketFriction

Bharat Petroleum Corporation Ltd

NSE BPCL · BSE 500547 · Refineries & Marketing
₹300.60 -0.86%
NSE close2026-10-01
52 week range266.60 - 391.65
Market cap₹1,29,873 Cr.
P/E8.38
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty EnergyNifty Oil & GasNifty PSENifty InfrastructureNifty Commodities No price band Delivery 48.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales103,044115,499116,555113,095102,785113,166111,230112,551104,946119,029118,701151,277
Expenses90,104109,300107,600107,46898,268105,710103,494102,87495,185107,343109,067155,332
Operating Profit12,9416,1998,9555,6274,5177,4567,7379,6789,76111,6879,634-4,055
OPM %13%5%8%5.0%4.4%7%7%9%9%10%8%-2.7%
Other Income9119194038071,2785481,0611,8401,3756879403,535
Interest1,190920967889923861919758833657705627
Depreciation1,6051,8301,7221,6861,7791,8101,9821,8891,9581,9792,0312,069
Profit before tax11,0564,3676,6693,8593,0945,3335,8978,8728,3459,7377,838-3,216
Tax %25%27%28%26%26%29%26%23%26%26%28%-42%
Net Profit8,2443,1814,7902,8422,2973,8064,3926,8396,1917,1885,625-1,873
EPS in Rs19.007.3311.046.555.298.7710.1215.7614.2716.5712.96-4.32
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales187,815201,251235,895298,226284,572230,171346,791473,187448,083440,272455,228493,954
Expenses174,844187,468220,578283,113275,597209,170327,654462,288404,001414,870414,026466,927
Operating Profit12,97113,78315,31715,1128,97521,00119,13710,89944,08225,40141,20227,027
OPM %7%7%6%5%3.1%9%6%2.3%10%6%9%5%
Other Income1,9132,7212,9272,9751,3937,4894,9392,5543,0323,6294,3996,536
Interest6806961,1861,7642,6371,7232,6064,2634,1493,5912,9532,823
Depreciation2,0722,1082,8853,4184,0804,3345,4346,3696,7717,2577,8568,036
Profit before tax12,13213,70014,17412,9053,65222,43216,0372,82136,19418,18234,79122,704
Tax %33%31%31%34%-0%23%27%24%26%27%26%
Net Profit8,0899,5079,7928,5283,66617,32011,6822,13126,85913,33725,84317,132
EPS in Rs18.6420.1020.7617.987.0437.2626.934.9161.9130.7459.5739.48
Dividend Payout %25%49%46%48%106%102%29%40%33%32%29%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%15%-1%12%
Compounded Profit Growth12%16%107%-12%
Stock Price CAGR4%7%20%-12%
Return on Equity24%24%29%29%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7236561,3111,9671,9671,9672,0932,1292,1292,1364,2734,273
Reserves21,83927,13829,50834,65236,79834,56551,46249,77651,39373,49977,11295,898
Borrowings25,49223,38835,72537,65944,83965,47654,53264,53469,37654,59961,10154,424
Other Liabilities38,26835,24142,54146,07853,32248,85252,89171,08965,24072,18475,89894,021
Total Liabilities86,32286,422109,086120,356136,926150,860160,978187,529188,138202,418218,382248,616
Fixed Assets29,10925,35833,68445,53949,31560,17564,09883,90186,67586,79888,62893,624
CWIP15,78717,45916,8349,87513,65417,75717,03715,43316,24920,20426,38732,911
Investments7,7129,40121,32723,72524,90727,02926,76823,61626,77826,63126,53130,136
Other Assets33,71434,20337,24141,21749,05045,90053,07564,57858,43668,78576,83791,945
Total Assets86,32286,422109,086120,356136,926150,860160,978187,529188,138202,418218,382248,616
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity20,74211,1199,04111,06810,1577,88123,45520,33612,46635,93623,67850,769
Cash from Investing Activity-10,536-9,233-15,274-7,066-10,451-11,135-2,474-8,138-7,806-10,521-19,180-26,067
Cash from Financing Activity-9,792-1,3324,804-4,2182073,583-13,981-17,672-4,402-25,427-6,241-24,940
Net Cash Flow414555-1,429-215-873297,000-5,474257-12-1,743-238
Free Cash Flow9,754947-4173,384-344-4,28914,40312,6433,96026,3918,57431,476
CFO/OP240%111%94%93%86%108%129%115%121%101%109%143%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days44988712105784
Inventory Days293445413232525132424351
Days Payable221924272519323720272941
Cash Conversion Cycle121930211620332417212214
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%
FIIs13.01%14.21%16.79%15.04%15.39%14.71%14.58%15.45%16.53%18.46%19.57%16.84%
DIIs22.53%22.13%21.30%21.31%22.06%22.27%22.23%22.18%21.31%19.56%18.52%21.07%
Government0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.43%0.43%0.86%
Public10.21%9.44%8.00%9.73%8.63%9.09%9.26%8.46%8.25%8.58%8.48%8.25%
Others0.32%0.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders8,17,3397,49,2137,23,57110,39,00610,18,79411,24,53311,93,41211,07,98310,59,8869,87,76710,33,05710,50,341

Fundamentals

Market Cap₹ 1,29,873 Cr.
Current Price₹ 299
Stock P/E8.38
Book Value₹ 231
ROCE25.6 %
ROE28.8 %
Dividend Yield5.85 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-12%
Consolidated figures.
Valuation
Market capRs 128,434 Cr
Enterprise valueRs 165,098 Cr
P/E (TTM)7.50x
Price to book1.28x
Price to sales0.26x
EV / EBITDA4.92x
EV / EBIT6.47x
EV / sales0.33x
Price to cash flow2.53x
Earnings yield13.34%
Dividend yield5.82%
P/E, 3-year average5.32x
P/B, 3-year average1.17x
P/E, 5-year average7.29x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)9.05%
Operating margin (incl. other income)10.02%
EBITDA margin6.79%
Pre-tax margin4.60%
Net profit margin3.47%
Net margin, latest quarter-1.24%
ROE28.47%
ROCE25.41%
ROA11.07%
ROE, 3-year average29.02%
ROCE, 3-year average24.42%
ROA, 3-year average10.39%
ROE, 5-year average22.65%
ROCE, 5-year average19.16%
ROA, 5-year average7.80%
ROIC (approx.)13.86%
Tax rate25.72%
Other income / net worth4.39%
Growth
Sales growth (latest year)3.40%
Profit growth (latest year)93.78%
Sales CAGR, 3 years-1.28%
Sales CAGR, 5 years14.61%
Profit CAGR, 3 years129.75%
Profit CAGR, 5 years9.84%
Sales growth QoQ27.44%
Profit growth QoQ-133.30%
Sales growth YoY (latest quarter)34.41%
Profit growth YoY (latest quarter)-127.38%
Per share
EPS (TTM)Rs 40.10
EPS (latest year)Rs 60.49
EPS (latest quarter)Rs -4.38
EPS, 3-year averageRs 72.48
EPS, 5-year averageRs 56.46
Book value per shareRs 234.45
Sales per shareRs 1,156.10
Cash flow per shareRs 118.83
Free cash flow per shareRs 73.67
Dividend per share (latest year)Rs 17.50
Dividend per share, 3-year averageRs 23.17
Dividend per share, 5-year averageRs 17.90
Dividends
Dividend payout28.93%
Dividend payout, 3-year average31.46%
Dividend payout, 5-year average32.70%
Efficiency
Asset turnover1.83x
Fixed asset turnover4.86x
Inventory turnover7.46x
Inventory days49 days
Debtor days4 days
Debtors turnover91.40x
Creditor days41 days
Cash conversion cycle14 days
Working capital days-34 days
Leverage
Total debtRs 54,424 Cr
Cash and bankRs 17,761 Cr
Net debtRs 36,664 Cr
Debt to equity0.54x
Net debt / EBITDA1.09x
Interest coverage9.04x
Current ratio (filing 2026-03-31)0.79x
Quick ratio (filing 2026-03-31)0.29x
Trade payables (filing 2026-03-31)Rs 42,654 Cr
Owners' fund to total sources40.29%
Debt to assets21.89%
Cash flow
Cash from Operating Activity (latest year)Rs 50,769 Cr
Cash from Investing Activity (latest year)Rs -26,067 Cr
Cash from Financing Activity (latest year)Rs -24,940 Cr
Net Cash Flow (latest year)Rs -238 Cr
Free cash flow (latest year)Rs 31,476 Cr
FCFE (approx.: FCF + change in debt)Rs 24,800 Cr
Cash from ops / profit, 5 years1.79x
Sales to cash flow8.97x
Statement figures
Net sales (TTM)Rs 493,954 Cr
Net sales (latest year)Rs 455,228 Cr
Sales (latest quarter)Rs 151,277 Cr
Operating profit excl. other income (latest year)Rs 41,202 Cr
Operating profit (latest quarter)Rs -4,055 Cr
Other income (TTM)Rs 6,536 Cr
EBITDA (TTM)Rs 33,563 Cr
PBDT (TTM)Rs 30,740 Cr
Profit before tax (TTM)Rs 22,704 Cr
Tax (latest year)Rs 8,948 Cr
Net profit (TTM)Rs 17,132 Cr
Net profit (latest year)Rs 25,843 Cr
Net profit (latest quarter)Rs -1,873 Cr
Depreciation (TTM)Rs 8,036 Cr
Depreciation (latest quarter)Rs 2,069 Cr
Interest (TTM)Rs 2,823 Cr
Cost of goods sold (latest year)Rs 397,654 Cr
Total expenditure (latest year)Rs 414,026 Cr
Total income (latest year)Rs 459,627 Cr
Share capitalRs 4,273 Cr
ReservesRs 95,898 Cr
Shareholders' fundsRs 100,170 Cr
Total assetsRs 248,616 Cr
Net blockRs 93,624 Cr
Capital work in progressRs 32,911 Cr
InvestmentsRs 30,136 Cr
ReceivablesRs 4,980 Cr
InventoryRs 53,304 Cr
Other liabilitiesRs 94,021 Cr
Shares outstanding (crore)427.26
Ownership
Promoter holding52.98% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 7.5 is at the 37th percentile of its own 9.4-year range (median 8.8, low 4.2, high 62.9).
P/B 1.28 is at the 3th percentile (median 1.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBPCLNifty 50Difference
1 week-2.1%-2.8% +0.7 pts
1 month-5.4%-6.8% +1.4 pts
3 months-2.5%-7.6% +5.2 pts
6 months+7.0%+0.4% +6.6 pts
1 year-8.8%-9.9% +1.1 pts
2 years-11.1%-13.6% +2.5 pts
3 years+73.5%+14.2% +59.3 pts
5 years+38.8%+27.9% +10.9 pts
248 mutual fund schemes hold about ₹13,441 Cr. Over three months 172 bought more and 42 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Balanced Advantage Fund0.63%672 +9%
Kotak Flexi Cap Fund1.09%616 +8%
Kotak Flexi Cap Fund1.09%613 +8%
ICICI Pru Large Cap Fund0.61%489 +7%
Mirae Asset Large Cap Fund1.22%472 +10%
ICICI Pru Large & Mid Cap Fund1.18%397 +461%
SBI Energy Opportunities Fund4.73%394 +15%
Tata Value Fund(Div Trig Opt B-10%)Pay4.11%356 +8%
DSP ELSS Tax Saver Fund1.95%324 +9%
SBI PSU Fund4.69%314 +9%
Kotak Arbitrage Fund(M0.38%286 +20%
ICICI Pru Energy Opportunities Fund3.36%278 +69%
Mirae Asset ELSS Tax Saver Fund1.04%275 +8%
DSP Flexi Cap Fund2.19%273 +7%
DSP Large & Mid Cap Fund1.44%265 +6%
ICICI Pru Nifty Next 50 Index Fund2.58%261 +6%
SBI Flexicap Fund1.05%243 -46%
ICICI Pru Multi Cap Fund1.20%235 +2%
Franklin India Flexi Cap Fund1.17%227 +21%
ICICI Pru Multi Cap Fund1.20%226 +2%
Aditya Birla SL PSU Equity Fund3.51%213 +8%
DSP Natural Res & New Energy Fund7.91%204 +2%
UTI Nifty Next 50 Index Fund2.59%195 +5%
DSP Natural Res & New Energy Fund7.91%193 +2%
ICICI Pru Aggressive Hybrid Fund(A0.36%188 +118%

Red flags

F-score 7 of 8
lookAuditor change Auditor change 2026-09-10: Bharat Petroleum Corporation Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2019-10-10PRESIDENT OF INDIAPromoterssell6,912,370Rs 350.38 CrMarket Sale
2019-02-21PRESIDENT OF INDIAPromotersother13,849,907Rs 416.27 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹151,277 Cr +34.4% vs Jun 2025. Net loss ₹1,873 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-02-02Interim Dividend - Rs 10 Per Share
2025-11-07Interim Dividend - Rs 7.50 Per Share
2025-07-31Dividend - Rs 5 Per Share
2025-01-29Interim Dividend - Rs 5 Per Share
2024-08-09Dividend - Rs 10.5 Per Share
2024-06-21Bonus 1:10.5000
2023-12-12Interim Dividend - Rs 21 Per Share
2023-08-11Dividend - Rs 4 Per Share
2022-08-19Annual General Meeting/Dividend - Rs 6 Per Share
2022-02-10Interim Dividend - Rs 5 Per Share
2021-11-11 Interim Dividend - Rs 5 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 23 Per Share/Special Dividend - Rs 35 Per Share
2021-03-25 Interim Dividend - Rs 5 Per Share
2021-02-17 Interim Dividend - Rs 16 Per Share
2020-09-18 Annual General Meeting
2020-03-23 Interim Dividend - Rs 16.50 Per Share
2019-08-21 Dividend - Rs 8 Per Share
2019-02-21 Interim Dividend Rs - 11 Per Share
2018-08-31 Annual General Meeting/Dividend Rs- 7 Per Share
2018-02-22 Interim Dividend - Rs 14 Per Share
2017-07-13 Bonus 1:20.6667
2017-06-08 Annual General Meeting/Dividend - Re 1/- Per Share
2017-03-24 Special Interim Dividend Rs 12/- Per Share
2017-02-28 Interim Dividend Rs 15.50 Per Share + Special Dividend Rs 4/- Per Share
2016-07-13 Bonus 1:10.5000
2016-06-06 Annual General Meeting/Dividend Rs 15/- Per Share
2016-03-03 Interim Dividend - Rs 3.50/- Per Share
2016-02-02 Interim Dividend - Rs 12.50/- Per Share
2015-08-28Annual General Meeting/ Dividend - Rs 22.50/- Per Share
2014-09-05Annual General Meeting/Dividend - Rs.17/- Per Share
2013-09-06Annual General Meeting And Dividend Rs.11/- Per Share
2012-07-13Annual General Meeting/ Dividend Rs 11/- Per Share/ Bonus 1:10.5000
2011-09-05Annual General Meeting And Dividend Rs.14/- Per Share
2010-09-08Annual General Meeting And Dividend Rs.14/- Per Share
2009-08-26Agm/Div-Rs.7/- Per Share
2008-09-10Agm/Dividend - 40%
2007-09-04Agm/Final Dividend-100%
2007-01-15Interim Dividend - 60%
2006-11-15Dividend-25%
DateTypeWhat it says
2026-09-18Concall / analyst meetSchedule of meet
2026-09-16Concall / analyst meetSchedule of meet
2026-09-11Regulatory actionAction(s) initiated or orders passed
2026-09-10Change in AuditorsChange in Auditors of the company.
2026-09-08Concall / analyst meetSchedule of meet
2026-09-03Concall / analyst meetSchedule of meet
2026-09-01UpdatesTenure of Director (Finance).
2026-08-28Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-08-28Shareholder meetingVoting results.
2026-08-27Shareholder meetingProceedings of Annual General Meeting held on August 27, 2026
2026-08-27UpdatesChairmans Statement delivered at the 73rd Annual General Meeting of the Company..
2026-08-26Regulatory actionAction(s) initiated or orders passed
2026-08-20General UpdatesGeneral Updates
2026-08-18Board meeting outcomeOutcome of Board Meeting held on August 18, 2026.
2026-08-07Concall / analyst meetSchedule of meet
2026-08-03General UpdatesThe Business Responsibility and Sustainability Report for FY 2025-26
2026-08-03Shareholder meetingNotice of Annual General Meeting to be held on August 27, 2026
2026-08-01Change in ManagementChange in Management
2026-07-30General UpdatesExtension of Additional Charge of Director (Refineries)
2026-07-28Concall / analyst meetTranscript
2026-07-25Credit RatingCredit Rating
2026-07-23Concall / analyst meetLink of Recording
2026-07-22Investor PresentationInvestor Presentation
2026-07-22Board meeting outcomeBharat Petroleum Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-17Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.79
Max pain (expiry 2026-10-27)305
Largest call open interest at300
Largest put open interest at300
Implied volatility, at the money25.5%
Underlying at snapshot300.60
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-297,900
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-07-04NCLATBharat Petroleum Corporation Ltd. VS Satish kumar Gupta & Ors.
2019-05-21NCLATBharat Petroleum Corporation Ltd. VS Satish kumar Gupta & Ors.
2019-05-20NCLATBharat Petroleum Corporation Ltd. VS Satish kumar Gupta & Ors.
2019-05-16NCLATBharat Petroleum Corporation Ltd. VS Satish kumar Gupta & Ors.
2019-05-15NCLATBharat Petroleum Corporation Ltd. VS Satish kumar Gupta & Ors.
2019-05-14NCLATBharat Petroleum Corporation Ltd. VS Satish kumar Gupta & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bharat Petroleum Corporation Ltd?

Bharat Petroleum Corporation Ltd (BPCL) has a market capitalisation of Rs 1,29,873 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bharat Petroleum Corporation Ltd?

Bharat Petroleum Corporation Ltd trades at a P/E of 8.38 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bharat Petroleum Corporation Ltd's latest quarterly results?

In the Jun 2026 quarter, Bharat Petroleum Corporation Ltd sales was Rs 151,277 Cr (+34.4% vs Jun 2025) with a net loss of Rs 1,873 Cr.

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

The 52-week high is Rs 391.65 and the 52-week low is Rs 266.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03