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Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited

BPCL.BO
Bharat Petroleum Corporation LimitedIN flagBombay Stock Exchange
308.05
INR
-0.15
- -
1.34TMarket Cap
Bharat Petroleum Corporation Limited
BPCL.BO
(Bombay Stock Exchange)

Recent

price

308.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
354.46
432.28
495.02
552.6
528.38
473.57
508.1
595.58
752.64
719.64
580.17
812.21
1,094.76
1,048.32
1,030.32
- -
819.73
Revenue per Share
3.77
1.8
4.34
9.01
11.08
19.28
22.17
22.9
19.83
7.77
40.93
27.45
5
63.04
31.21
- -
45.99
Basic EPS, GAAP
-1.45
-5.33
0.93
5.42
22.72
2.38
-1.32
8.43
-0.98
-10.97
36.33
27.71
9.2
61.94
19.97
- -
- -
Free Cash Flow per Basic Share
1.27
1.29
0.99
1.92
2.93
6.96
13.97
9.1
10.18
13.54
12.47
34.04
3.01
12.51
15.35
- -
- -
Dividend per Share
33.73
1.31
0.34
-0.63
0.95
-1.03
6.27
14.01
15.25
4.1
41.93
25.8
27.01
64.33
48.93
- -
10
Book Value per Share
36.11
37.24
39.39
45.62
48.15
62.51
69.99
83.68
87.03
77.54
110.52
92.22
95.76
145.72
155.04
- -
191.27
Tangible Book Value per Share
4,338
4,339
4,339
4,339
4,339
3,934
3,934
3,934
3,934
3,934
3,949
4,255
4,259
4,261
4,273
- -
4,273
Basic Weighted Avg Shares
1,537,649
1,875,487
2,147,681
2,397,501
2,292,445
1,862,986
1,998,762
2,342,900
2,960,725
2,830,935
2,291,090
3,455,960
4,662,577
4,466,663
4,402,719
4,552,280
3,502,818
Sales/Revenue/Turnover
-0.52
-0.14
0.19
0.71
0.82
6.48
5.86
5.42
4.19
2.48
7.45
4.28
1.59
8.43
4.12
7.33
7.29
Operating Margin (%)
18,914
24,108
24,627
26,109
30,267
20,719
21,076
28,850
34,178
40,801
43,342
54,344
63,688
67,713
72,567
78,564
- -
Depreciation Expense
16,350
7,808
18,808
39,107
48,066
75,845
87,209
90,086
78,023
30,554
161,650
116,815
21,310
268,588
133,366
258,434
196,520
Net Income, GAAP
38.43
46.78
39.88
34.27
33.92
33.32
30.6
30.91
33.92
- -
22.79
27.16
24.46
25.79
26.65
25.72
25.69
Effective Tax Rate (%)
1.06
0.42
0.88
1.63
2.1
4.07
4.36
3.85
2.64
1.08
7.06
3.38
0.46
6.01
3.03
5.68
5.61
Profit Margin (%)
-57,102
-79,249
-29,850
33,164
-10,145
4,524
-93,900
-52,086
-43,281
-169,712
-56,293
-211,323
-188,288
-151,893
-178,398
-217,336
-217,336
Working Capital
75,360
61,891
127,022
219,977
149,524
210,972
232,553
289,043
343,156
438,531
433,523
443,997
496,345
354,773
353,683
318,199
318,199
LT Debt
163,483
169,150
178,521
205,866
248,625
294,716
327,779
385,237
408,348
385,887
535,551
519,056
535,224
756,351
813,841
1,001,703
1,001,703
Total Equity
-1.22
-0.33
0.47
2.01
2.33
15.1
12.9
12.15
10.12
- -
12.4
9.51
4.67
22.07
9.75
16.61
12.73
Return on Invested Capital (%)
6.41
3.68
7.43
12.5
18.26
34.23
26.42
21.07
16.54
- -
23.55
18.25
6.52
36.71
19.47
39.85
30.17
Return on Capital (%)
11.61
10.27
525.56
- -
- -
- -
- -
225.83
135.55
80.26
177.9
84.85
18.96
138.05
55.2
205.24
156.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
226,045
LT Borrowings
- -
- -
222,032
LT Finance Leases
- -
- -
96,168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,273
- -
4,273
Market Capitalization
1,450,497
1,640,232
1,200,965

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
837,189
Cash, Cash Equivalents & STI
- -
- -
229,222
Accounts Receivable, Net
- -
- -
49,805
Inventories
- -
- -
533,040
Total Current Liabilities
- -
- -
1,054,524
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
226,045
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.01%
14.4%
23.08%
Free Cash Flow
27.28%
137.75%
267.26%
Net Income, GAAP
146.74%
218.86%
93.78%
Sales/Revenue/Turnover
11.09%
16.7%
3.4%
Total Cash Common Dividend
59.03%
97.41%
45.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,129,848
1,030,444
1,154,991
1,151,380
4,466,663
2025
1,130,949
1,027,853
1,131,659
1,112,302
4,402,719
2026
1,125,514
- -
1,190,294
1,187,009
4,552,280

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24.99
19.36
7.47
- -
63.04
2025
6.65
5.38
8.91
10.28
31.21
2026
16.01
- -
16.82
13.16
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12.51
2025
- -
- -
- -
- -
15.35
2026
- -
- -
- -
- -
- -
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Business
Bharat Petroleum Corporation Limited (BPCL), an Indian public sector undertaking and Fortune Global 500 company headquartered in Mumbai and founded in 1976 through the nationalization of Burmah Shell, ranks as India's second-largest government-owned downstream oil producer under the Ministry of Petroleum and Natural Gas; it refines crude oil and markets petroleum products across upstream and downstream sectors with a combined refining capacity of 35.3 million metric tonnes per annum (MMTPA) from its three major refineries in Mumbai (13 MMTPA), Kochi (15.5 MMTPA), and Bina (7.8 MMTPA, formerly Bharat Oman Refinery Limited). Core products and services encompass motor spirit, high-speed diesel, aviation turbine fuel, liquefied petroleum gas (LPG) via Bharatgas serving over 80 million homes through 6,200+ distributorships and 54 bottling plants, automotive and industrial lubricants under the MAK brand including engine oils, gear oils, greases, hydraulic fluids, and specialty oils produced at five lube blending plants, compressed natural gas (CNG) and piped natural gas (PNG) for vehicles and industries, bitumen, illuminating oils, benzene, toluene, bunkering fuels for maritime ports, bulk fuels for power plants, steel mills, and defense establishments, as well as international trading of crude and finished products, proficiency testing for petroleum labs, and aviation fueling at 79 service stations; its extensive marketing network spans over 23,500 fuel stations (including specialized Ghar, Highway Star, and Pure for Sure outlets), 500+ lubes distributorships, 80 POL storage locations, and five cross-country pipelines primarily across India with select international operations. In recent developments, BPCL achieves financial closure in January 2025 on a Rs 31,802 crore loan led by State Bank of India for the Bina refinery expansion and petrochemical complex to produce linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), polypropylene (PP), and aromatics aimed at import substitution and northern/central India fuel demand; forms strategic partnerships worth Rs 1.35 lakh crore in October 2025 including a tripartite agreement with Oil India Limited and Numaligarh Refinery Limited for a Rs 3,500 crore 700-km product pipeline from Siliguri to Mughalsarai (BPCL 50% stake) and a green energy venture with Fertilisers & Chemicals Travancore Limited for trading organic fertilizers from a 150 MT/day municipal waste-based compressed biogas plant in Kochi; signs a joint venture agreement in April 2025 with GPS Renewables for nationwide compressed biogas plants (50:50 equity); advances ethanol blending to bolster energy security and sustainability initiatives like electric vehicle charging at 6,500+ stations and a net-zero roadmap by 2040 in Scope 1 and 2 emissions; and maintains joint ventures such as Petronet LNG, Indraprastha Gas Limited, Bharat PetroResources Limited, and Maharashtra Natural Gas Limited.