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Gulf Oil Lubricants India Limited

Gulf Oil Lubricants India Limited

GULFOILLUB.BO
Gulf Oil Lubricants India LimitedIN flagBombay Stock Exchange
1,047.05
INR
+4.30
- -
51.83BMarket Cap
Gulf Oil Lubricants India Limited
GULFOILLUB.BO
(Bombay Stock Exchange)

Recent

price

1,047.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
194.73
203.47
218.62
267.56
341.89
327.85
328.09
433.59
609.14
671.06
737.53
862.35
822.22
Revenue per Share
-1.14
15.62
20.24
23.7
31.92
35.73
40.51
39.86
41.89
47.3
62.76
73.09
73.91
70.47
Basic EPS, GAAP
-1.4
19.36
20.04
18.57
0.45
-6.49
43.71
36.84
-9.59
50.93
63.94
69.44
63.46
- -
Free Cash Flow per Basic Share
- -
2.32
7.76
8.95
10.74
13.12
8.42
20.78
8.92
5.05
41.05
39.84
51.34
- -
Dividend per Share
8.44
9.79
24.46
37.26
56.31
76.67
105.95
122.56
153.06
197.05
216.9
246.86
2.1
2
Book Value per Share
8.44
37.64
54.98
71.17
93.76
117.61
151.94
172.86
206.32
239.4
254.31
286.08
309.89
295.47
Tangible Book Value per Share
- -
50
50
50
50
50
50
50
50
49
49
49
47
49
Basic Weighted Avg Shares
- -
9,653
10,087
10,844
13,292
17,012
16,390
16,469
21,848
29,915
32,926
36,312
40,560
40,560
Sales/Revenue/Turnover
- -
13.23
15.28
15.82
16.97
15.36
15.5
14.02
11.34
10.11
11.22
11.47
10.96
10.96
Operating Margin (%)
- -
48
60
73
104
224
327
339
357
396
507
558
692
692
Depreciation Expense
- -
774
1,003
1,176
1,586
1,778
2,025
2,001
2,111
2,323
3,080
3,599
3,476
3,476
Net Income, GAAP
- -
33.29
34.55
35.08
34.71
35.37
23.44
25.55
25.77
25.71
25.29
25.46
25.55
25.55
Effective Tax Rate (%)
- -
8.02
9.95
10.84
11.93
10.45
12.36
12.15
9.66
7.77
9.35
9.91
8.57
8.57
Profit Margin (%)
-338
846
1,594
1,992
2,031
3,026
4,729
5,773
7,360
8,238
9,265
10,704
11,388
11,388
Working Capital
- -
- -
- -
- -
- -
- -
110
57
206
233
156
255
544
544
LT Debt
- -
1,871
2,735
3,541
4,674
5,867
7,613
8,694
10,427
11,784
13,665
15,312
15,836
15,836
Total Equity
- -
39.87
22.5
22.17
23.4
21.13
19.4
15.49
14.54
15.05
16.83
16.7
15.97
15.97
Return on Invested Capital (%)
- -
60.78
35.19
35.18
36.22
30.96
26.75
24.44
21.48
19.46
22.9
23.92
33.04
33.04
Return on Capital (%)
- -
318.65
118.14
76.81
68.26
53.78
44.45
34.95
30.45
26.72
30.31
31.57
56.74
56.74
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
4,856
- -
5,123
LT Borrowings
- -
- -
245
LT Finance Leases
217
- -
299
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
- -
49
Market Capitalization
59,685
59,178
43,734

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
23,880
- -
24,728
Cash, Cash Equivalents & STI
11,299
- -
11,692
Accounts Receivable, Net
5,680
- -
5,348
Inventories
5,393
- -
5,947
Total Current Liabilities
11,388
- -
13,341
Payables & Accruals
- -
- -
- -
ST Debt
4,856
- -
5,123
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.53%
12.88%
3.42%
Free Cash Flow
-317.74%
-144.4%
-12.7%
Net Income, GAAP
13.85%
12.31%
-3.4%
Sales/Revenue/Turnover
15.65%
20.33%
11.7%
Total Cash Common Dividend
80.15%
126.25%
23.13%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,117
8,023
8,175
8,611
32,926
2025
8,940
8,640
9,204
9,527
36,312
2026
10,165
9,668
10,176
10,553
40,560

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.88
15
16.19
- -
62.76
2025
17.49
17.01
19.89
18.7
73.09
2026
19.45
17.35
15.5
18.17
73.91

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
41.05
2025
- -
- -
- -
- -
39.84
2026
- -
- -
- -
- -
51.34
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Business
Gulf Oil Lubricants India Limited is a leading Indian manufacturer, marketer, and trader of automotive and non-automotive lubricants and specialty oils. The company offers a comprehensive product portfolio that includes automotive lubricants for two-wheelers, passenger cars, and commercial vehicles; industrial lubricants such as hydraulic oils, turbine oils, bearing and circulating oils, and slideway lubrication oils; specialty oils including marine lubricants, EV fluids, and AdBlue; and valve regulated lead acid (VRLA) batteries for two-wheelers. Operating across India and exporting to over 25 countries, Gulf Oil Lubricants India serves diverse segments including automotive, industrial, marine, infrastructure, and agriculture. Founded in 1961 and headquartered in Mumbai, the company holds a strong market position supported by partnerships with over 20 leading OEMs and a wide distribution network. In recent years, Gulf Oil Lubricants India has made significant strategic advances, including a major partnership with Nayara Energy to distribute its full range of automotive lubricants and AdBlue across more than 6,500 fuel retail stations nationwide. It also entered a long-term strategic partnership with South Korea’s S-Oil Corporation to launch the S-Oil Seven lubricant brand in India, leveraging advanced technology and OEM approvals. The company has expanded into the electric vehicle (EV) ecosystem through its subsidiary Tirex Transmission, an EV charger maker, where it increased its stake to 65% following strong revenue growth. Gulf Oil continues to launch premium and co-branded products, such as with Tata Motors, and focuses on accelerating growth via its "Unlock 2.0" initiative aimed at premium product leadership and future-readiness. Gulf Oil Lubricants India was recognized in 2025 as one of 'India's Best Managed Companies' by Deloitte India, reflecting its sustained business model and strategic execution excellence. These developments highlight Gulf Oil Lubricants India's ongoing efforts to expand product offerings, deepen market penetration in automotive and industrial segments, and strengthen its presence in the emerging EV infrastructure market. The company's diverse product range, strategic partnerships, and operational expansions establish it as a key player in the lubrication and specialty chemical industry in India and beyond.