MarketFriction

Gulf Oil Lubricants India Ltd

NSE GULFOILLUB · BSE 538567 · Lubricants
₹1,093.00 -2.88%
NSE close2026-10-01
52 week range865.00 - 1,289.40
Market cap₹5,482 Cr.
P/E13.8
Price band 20% Delivery 47.3%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8028178538858499059159969579981,0401,320
Expenses7027067387697427837918708388689051,150
Operating Profit100111115116107122124127118130135170
OPM %13%14%13%13%13%14%14%13%12%13%13%13%
Other Income17171817233322222512527
Interest78656141061313238
Depreciation111114111111141414151617
Profit before tax99108114118113131123130117104121172
Tax %26%26%25%26%26%25%26%25%26%26%26%26%
Net Profit7481858884989297877790128
EPS in Rs15.0016.4517.3717.8917.1519.9118.5819.6017.6715.6318.2225.75
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0111,0871,3321,7061,6441,6522,1922,9993,2843,5543,9914,315
Expenses8529091,0971,4231,3571,3871,9062,6562,8653,0843,4813,761
Operating Profit159178236283287265286343419470510554
OPM %16%16%18%17%17%16%13%11%13%13%13%13%
Other Income182026293552444766967478
Interest18109152515103826355456
Depreciation6710223334364047465962
Profit before tax153181243275265269284313413486471514
Tax %35%35%35%35%23%26%26%26%25%25%26%
Net Profit100118159178203200211232308362351382
EPS in Rs20.2423.6931.9035.7040.4239.7741.8647.3962.6673.4771.0477.27
Dividend Payout %35%36%33%32%35%40%12%53%57%65%72%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%19%10%18%
Compounded Profit Growth14%13%16%7%
Stock Price CAGR4%14%28%-10%
Return on Equity26%23%25%24%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves1772393444575777518591,0331,1691,2851,4541,551
Borrowings215195178248283376211390373358455511
Other Liabilities162205206313273309365399520652724832
Total Liabilities5656497381,0291,1421,4471,4461,8312,0722,3042,6432,904
Fixed Assets89107118260270280254273277250275286
CWIP822961143391416
Investments334455203688193191192
Other Assets4645375877598671,1611,1681,5191,7031,8512,1632,410
Total Assets5656497381,0291,1421,4471,4461,8312,0722,3042,6432,904
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity13111813411017237194-24273348423363
Cash from Investing Activity1-3-10-51-221730-1730-584918
Cash from Financing Activity20-79-599-295-27798-202-238-153-268
Net Cash Flow152366568-34259-545710252320113
Free Cash Flow96100923-32219185-48250327389323
CFO/OP128%105%110%77%38%112%94%18%107%107%117%96%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days433837373242425650544847
Inventory Days971171031401491631751521051049598
Days Payable669791132861291348687106109115
Cash Conversion Cycle7458484595768212168523430
Working Capital Days-36-36-30-342-1718272116-3-5
ROCE %67%40%39%40%37%29%25%23%23%27%28%27%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.94%71.94%71.80%71.76%67.22%67.14%67.14%67.14%67.11%67.11%67.01%66.85%
FIIs4.42%4.98%7.08%5.65%7.07%7.29%7.52%8.48%9.53%9.22%8.91%7.78%
DIIs5.77%4.03%5.02%5.87%9.55%9.59%9.53%7.84%7.45%8.13%8.17%8.70%
Government0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.33%0.33%
Public17.56%18.78%15.80%16.42%15.85%15.67%15.51%16.24%15.61%15.25%15.57%16.32%
No. of Shareholders58,01260,82257,92870,21174,11374,67585,50393,15182,27778,80773,35072,647

Fundamentals

Market Cap₹ 5,482 Cr.
Current Price₹ 1,106
Stock P/E13.8
Book Value₹ 316
ROCE27.2 %
ROE24.1 %
Dividend Yield4.61 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)7%
Standalone figures.
Valuation
Market capRs 5,389 Cr
Enterprise valueRs 4,759 Cr
P/E (TTM)14.12x
Price to book3.45x
Price to sales1.25x
EV / EBITDA7.53x
EV / EBIT8.35x
EV / sales1.10x
Price to cash flow14.87x
Earnings yield7.08%
Dividend yield4.68%
P/E, 3-year average14.36x
P/B, 3-year average3.41x
P/E, 5-year average12.34x
P/B, 5-year average2.79x
Profitability
Operating margin (excl. other income)12.79%
Operating margin (incl. other income)14.63%
EBITDA margin14.65%
Pre-tax margin11.91%
Net profit margin8.85%
Net margin, latest quarter9.66%
ROE23.20%
ROCE26.33%
ROA12.65%
ROE, 3-year average24.79%
ROCE, 3-year average27.62%
ROA, 3-year average13.79%
ROE, 5-year average23.47%
ROCE, 5-year average25.95%
ROA, 5-year average13.23%
ROIC (approx.)45.59%
Tax rate25.55%
Other income / net worth4.72%
Growth
Sales growth (latest year)12.29%
Profit growth (latest year)-3.13%
Sales CAGR, 3 years10.00%
Sales CAGR, 5 years19.29%
Profit CAGR, 3 years14.74%
Profit CAGR, 5 years11.89%
Sales growth QoQ26.93%
Profit growth QoQ41.66%
Sales growth YoY (latest quarter)32.52%
Profit growth YoY (latest quarter)31.93%
Per share
EPS (TTM)Rs 77.43
EPS (latest year)Rs 71.17
EPS (latest quarter)Rs 25.86
EPS, 3-year averageRs 69.10
EPS, 5-year averageRs 59.31
Book value per shareRs 316.54
Sales per shareRs 875.24
Cash flow per shareRs 73.53
Free cash flow per shareRs 65.51
Dividend per share (latest year)Rs 51.20
Dividend per share, 3-year averageRs 45.06
Dividend per share, 5-year averageRs 33.03
Dividends
Dividend payout71.93%
Dividend payout, 3-year average64.90%
Dividend payout, 5-year average51.87%
Efficiency
Asset turnover1.37x
Fixed asset turnover13.95x
Inventory turnover4.21x
Inventory days87 days
Debtor days47 days
Debtors turnover7.78x
Creditor days115 days
Cash conversion cycle30 days
Working capital days-5 days
Leverage
Total debtRs 511 Cr
Cash and bankRs 1,141 Cr
Net debtRs -630 Cr
Debt to equity0.33x
Net debt / EBITDA-1.00x
Interest coverage10.16x
Current ratio (filing 2026-03-31)1.84x
Quick ratio (filing 2026-03-31)1.41x
Trade payables (filing 2026-03-31)Rs 648 Cr
Owners' fund to total sources53.74%
Debt to assets17.60%
Cash flow
Cash from Operating Activity (latest year)Rs 363 Cr
Cash from Investing Activity (latest year)Rs 18 Cr
Cash from Financing Activity (latest year)Rs -268 Cr
Net Cash Flow (latest year)Rs 113 Cr
Free cash flow (latest year)Rs 323 Cr
FCFE (approx.: FCF + change in debt)Rs 379 Cr
Cash from ops / profit, 5 years0.94x
Sales to cash flow11.01x
Statement figures
Net sales (TTM)Rs 4,315 Cr
Net sales (latest year)Rs 3,991 Cr
Sales (latest quarter)Rs 1,320 Cr
Operating profit excl. other income (latest year)Rs 510 Cr
Operating profit (latest quarter)Rs 170 Cr
Other income (TTM)Rs 78 Cr
EBITDA (TTM)Rs 632 Cr
PBDT (TTM)Rs 576 Cr
Profit before tax (TTM)Rs 514 Cr
Tax (latest year)Rs 120 Cr
Net profit (TTM)Rs 382 Cr
Net profit (latest year)Rs 351 Cr
Net profit (latest quarter)Rs 128 Cr
Depreciation (TTM)Rs 62 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 56 Cr
Cost of goods sold (latest year)Rs 2,332 Cr
Total expenditure (latest year)Rs 3,481 Cr
Total income (latest year)Rs 4,065 Cr
Share capitalRs 10 Cr
ReservesRs 1,551 Cr
Shareholders' fundsRs 1,561 Cr
Total assetsRs 2,904 Cr
Net blockRs 286 Cr
Capital work in progressRs 16 Cr
InvestmentsRs 192 Cr
ReceivablesRs 513 Cr
InventoryRs 553 Cr
Other liabilitiesRs 832 Cr
Shares outstanding (crore)4.93
Ownership
Promoter holding66.85% (-0.29 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.1 is at the 26th percentile of its own 9.4-year range (median 16.4, low 9.4, high 42.9).
P/B 3.45 is at the 30th percentile (median 4.23).
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.
PeriodGULFOILLUBNifty 50Difference
1 week+0.2%-2.8% +3.0 pts
1 month-3.5%-6.8% +3.3 pts
3 months+3.5%-7.6% +11.2 pts
6 months+22.9%+0.4% +22.5 pts
1 year-10.8%-9.9% -0.9 pts
2 years-22.9%-13.6% -9.3 pts
3 years+106.0%+14.2% +91.8 pts
5 years+87.3%+27.9% +59.4 pts
21 mutual fund schemes hold about ₹387 Cr. Over three months 5 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Small Cap Fund0.79%78 -3%
ICICI Pru Small Cap Fund0.79%75 -3%
ICICI Pru Energy Opportunities Fund0.67%55 +3%
HDFC Multi Cap Fund0.27%55 -0%
UTI MNC Fund1.29%36 -1%
UTI Multi Cap Fund1.58%34 +10%
Bandhan Small Cap Fund0.06%21 -14%
ICICI Pru MNC Fund0.93%17 -1%
Baroda BNP Paribas Energy Opportunities Fund0.63%4 +283%
UTI Infrastructure Fund0.18%4 +100%
Kotak Energy Opportunities Fund1.23%3 +2%
Navi Flexi Cap Fund(Q0.40%1 -4%
WOC ELSS Tax Saver Fund0.24%1 +100%
ICICI Pru FMCG Fund0.04%1 -44%
ICICI Pru FMCG Fund0.04%1 -44%
Navi Aggressive Hybrid Fund0.47%1 -2%
WOC Dividend Yield Fund0.24%0 +100%
Motilal Oswal BSE 1000 Index Fund0.01%0 -3%
ICICI Pru Children's Fund0.00%0 -100%
ICICI Pru Manufacturing Fund0.00%0 -100%
iSIF Equity Ex-Top 100 Long-Short Fund0.00%0 -100%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
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.

Latest quarter

Jun 2026
Sales ₹1,320 Cr +32.5% vs Jun 2025. Net profit ₹128 Cr +32.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Rs 30 Per Share
2026-02-13Interim Dividend - Rs 21 Per Share
2025-09-19Dividend - Rs 28 Per Share
2025-02-14Interim Dividend - Rs 20 Per Share
2024-09-05Dividend - Rs 20 Per Share
2024-02-13Interim Dividend - Rs 16 Per Share
2023-08-25Dividend - Rs 25 Per Share
2022-09-08Dividend - Rs 5 Per Share
2022-02-18Buy Back
2021-09-08 Annual General Meeting/Dividend - Rs 9 Per Share
2021-02-16 Interim Dividend - Rs 7 Per Share
2020-09-10 Dividend - Rs 7 Per Share
2020-04-22 Interim Dividend - Rs 7 Per Share
2019-09-09 Dividend - Rs 7 Per Share
2019-02-22 Interim Dividend - Rs 4.50 Per Share
2018-09-14 Dividend Rs 6.50 Per Share
2018-02-16 Interim Dividend Rs 4/- Per Share
2017-09-07 Dividend - Rs 5/- Per Share
2017-02-15 Interim Dividend Rs 3.50 Per Share
2016-08-31 Annual General Meeting/ Dividend - Rs 4/- Per Share
2016-02-17 Interim Dividend Rs 3/- Per Share
2015-09-14 Annual General Meeting/ Dividend - Rs 3.50/- Per Share
2014-10-09Interim Dividend Rs.2/- Per Share
DateTypeWhat it says
2026-09-22Concall / analyst meetWe hereby inform you that a meet is scheduled to be held on Monday, September 28, 2026 with Analysts/ Institutional Investors.
2026-09-16Concall / analyst meetWe hereby inform you that a meet is scheduled to be held on Tuesday, September 22, 2026 with Analysts/ Institutional Investors.
2026-09-16ResignationResignation of Director/KMP/SMP
2026-09-16ResignationWe hereby inform you that Mr. Ashish Pandey, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resig...
2026-09-12Shareholder meetingWe enclose herewith the Voting Results and Scrutinizers Report of the 18th Annual General Meeting of the Company held on September 11, 2026. Kindly ta...
2026-09-11Shareholder meetingWe enclose herewith the Proceedings of the 18th Annual General Meeting held today, viz. Friday, September 11, 2026 through Video Conferencing/ Other A...
2026-09-07ResignationResignation of Director/KMP/SMP
2026-09-07CessationWe hereby inform you of cessation of a Senior Management Personnel ("SMP")
2026-09-01Press ReleaseA Press Release is enclosed which is self-explanatory.
2026-08-19UpdatesPlease find enclosed Business Responsibility & Sustainability Report FY 2025-26.
2026-08-19UpdatesPlease find enclosed the Annual Report 2025-26 of the Company.
2026-08-19Shareholder meetingPlease find enclosed the Notice of 18th Annual General Meeting, scheduled to be held on Friday, September 11, 2026 at 3 p.m. (IST) through VC/OAVM.
2026-08-13General UpdatesWe enclose herewith the Investor Presentation for the quarter ended June 30, 2026 providing highlights on financial results for the quarter ended June...
2026-08-10Concall / analyst meetWe hereby inform you that a meet is scheduled to be held on Thursday, August 13, 2026 with Analysts/ Institutional Investors.
2026-08-10Concall / analyst meetWe enclose herewith the Transcript of the Earnings Conference Call held on Tuesday, August 4, 2026 with Investors in connection with the Unaudited Fin...
2026-08-04Concall / analyst meetThe Company has conducted its Earnings Conference Call today viz. Tuesday, August 4, 2026 with several Analysts/ Institutional Investors in connection...
2026-08-03Press ReleasePress Release in respect of the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2026.
2026-08-03General UpdatesWe wish to inform you that the 18th Annual General Meeting of the Members of the Company shall be held on Friday, September 11, 2026 through Video Con...
2026-08-03Record DateWe wish to inform you that the Board has fixed the Record Date, for the purpose of Final Dividend for the financial year 2025-26 as September 4, 2026.
2026-08-03Board meeting outcomeWe wish to inform you that the Board of Directors of the Company, at its meeting held today viz. Monday, August 3, 2026, has, inter-alia, considered a...
2026-07-28Concall / analyst meetWe hereby inform you that an Earnings Conference Call is scheduled to be held on Tuesday, August 4, 2026 in connection with the Unaudited Financial Re...
2026-07-14UpdatesPlease find enclosed herewith intimation for allotment of Equity Shares to Eligible Employees under the ESOP Scheme of the Company.
2026-06-29UpdatesPlease find enclosed the intimation that has been sent to the identified Shareholders of the Company, advising them to update their KYC details. For f...
2026-06-15Press ReleaseA Press Release is enclosed which is self-explanatory.
2026-06-11Concall / analyst meetWe hereby inform you that a Meet is scheduled to be held with Analyst/ Institutional Investors on Tuesday, June 16, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Gulf Oil Lubricants India Ltd?

Gulf Oil Lubricants India Ltd (GULFOILLUB) has a market capitalisation of Rs 5,482 Cr. at the 2026-10-01 close.

What is the P/E ratio of Gulf Oil Lubricants India Ltd?

Gulf Oil Lubricants India Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gulf Oil Lubricants India Ltd's latest quarterly results?

In the Jun 2026 quarter, Gulf Oil Lubricants India Ltd sales was Rs 1,320 Cr (+32.5% vs Jun 2025) and net profit was Rs 128 Cr.

What is the 52-week high and low of Gulf Oil Lubricants India Ltd?

The 52-week high is Rs 1,289.40 and the 52-week low is Rs 865.00.

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