Bharat Petroleum Corporation Ltd - Stock Valuation and Financial Performance

BSE: 500547 | NSE: BPCL | Refineries | Large Cap

BPCL Share Price

282.45 -5.10 -1.77%
as on 21-Nov'24 16:00

DeciZen - make an informed investing decision on BPCL

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Bharat Petroleum Corporation stock performance -

mw4me loader
P/E Ratio (SA):
9.57
Market Cap:
1,24,752.7 Cr.
52-wk low:
193.3
52-wk high:
376

Is Bharat Petroleum Corporation Ltd an attractive stock to invest in?

1. Is Bharat Petroleum Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bharat Petroleum Corporation Ltd is a good quality company.

2. Is Bharat Petroleum Corporation Ltd undervalued or overvalued?

The key valuation ratios of Bharat Petroleum Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Bharat Petroleum Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bharat Petroleum Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of BPCL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bharat Petroleum Corporation Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 21.3%27.9%24%22%19.1%6.9%31%21.4%6.2%41.7%-
Value Creation
Index
0.91.51.11.00.7-0.41.80.9-0.52.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,38,0871,88,4052,02,2112,36,4212,97,2752,84,3832,32,5533,46,6444,73,1254,48,0135,08,116
Sales YoY Gr.--20.9%7.3%16.9%25.7%-4.3%-18.2%49.1%36.5%-5.3%-
Adj EPS 10.619.220.420.418.910.130.625.411.165.930
YoY Gr.-81.6%6.2%0%-7.2%-46.4%202.5%-17.1%-56.2%493.1%-
BVPS (₹) 51.669.575.486.893.484.4128.3121.3122.1174.8175.9
Adj Net
Profit
4,5877,5508,0168,0187,4393,98612,82510,8154,73128,06113,033
Cash Flow from Ops. 18,18310,1797,8979,0097,6456,26520,03020,81310,66435,762-
Debt/CF from Ops. 0.71.62.92.63.86.71.31.63.40.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%8.6%24.4%-5.3%
Adj EPS 22.6%28.4%29.1%493.1%
BVPS14.5%13.4%10.9%43.2%
Share Price 8.9% 1.9% 11.7% 45.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
21.930.328.125.12111.429.220.49.144.317.1
Op. Profit
Mgn %
3.56.25.45.14.337.45.72.99.95.1
Net Profit
Mgn %
1.9443.42.51.45.53.116.32.6
Debt to
Equity
0.60.60.80.70.81.30.50.70.70.30
Working Cap
Days
4744444744495345394024
Cash Conv.
Cycle
1081313101113111211-4

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.43%

Net Profit is growing at healthy rate in last 3 years 29.08%

Debt to equity has declined versus last 3 years average to 0.26

Return on Equity has declined versus last 3 years average to 17.10%

Sales growth is not so good in last 4 quarters at -0.62%

Latest Financials - Bharat Petroleum Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 30 30.2
TTM Sales (₹ Cr.) 5,08,116 5,08,127
BVPS (₹.) 175.9 177.9
Reserves (₹ Cr.) 71,972 72,835
P/BV 1.63 1.62
PE 9.57 9.52
From the Market
52 Week Low / High (₹) 193.25 / 376.00
All Time Low / High (₹) 5.45 / 376.00
Market Cap (₹ Cr.) 1,24,753
Equity (₹ Cr.) 4,338.5
Face Value (₹) 10
Industry PE 29.5

Management X-Ray of BPCL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of BPCL

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,38,0871,88,4052,02,2112,36,4212,97,2752,84,3832,32,5533,46,6444,73,1254,48,013
Operating Expenses 2,29,7721,77,3801,91,4762,24,7042,85,3112,77,9292,15,4223,27,6204,62,1694,03,857
Manufacturing Costs7,8908,0328,0969,19310,69911,80610,84113,26016,04817,135
Material Costs2,16,7211,62,6701,76,3532,07,2512,64,6902,55,9371,95,3213,03,4544,33,2143,76,094
Employee Cost 2,0862,7583,4293,4373,6643,6914,4773,3982,7643,558
Other Costs 3,0763,9213,5984,8236,2576,4954,7827,50910,1437,069
Operating Profit 8,31511,02510,73511,71711,9646,45417,13119,02310,95644,157
Operating Profit Margin (%) 3.5%5.9%5.3%5.0%4.0%2.3%7.4%5.5%2.3%9.9%
Other Income 2,2001,7762,6953,0552,9843,2674,5962,6322,1852,413
Interest 5835654968331,3192,1821,5802,2093,2162,473
Depreciation 2,5161,8451,8912,6533,1893,7873,9785,4186,3476,750
Exceptional Items 00000-1,0816,4491,643-1,360-1,798
Profit Before Tax 7,41610,39111,04311,28610,4402,67122,61815,6722,21735,548
Tax 2,3313,3353,0033,3103,308-123,5764,3083478,875
Profit After Tax 5,0857,0568,0397,9767,1322,68319,04211,3631,87026,674
PAT Margin (%) 2.1%3.7%4.0%3.4%2.4%0.9%8.2%3.3%0.4%6.0%
Adjusted EPS (₹)11.717.920.420.318.16.845.526.74.462.4
Dividend Payout Ratio (%)32%29%53%52%52%121%87%30%46%25%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 22,46727,32329,66834,13136,73833,21453,68851,64551,99674,675
Share Capital 7236561,3111,9671,9671,9672,0932,1292,1292,136
Reserves 21,74426,66728,35732,16534,77131,24851,59549,51649,86772,539
Minority Interest0000000000
Debt11,77713,59121,00422,85127,20938,20321,26628,52926,60415,732
Long Term Debt11,73713,56713,77614,75823,62920,48217,03321,03219,4428,490
Short Term Debt40247,2278,0933,58117,7214,2337,4977,1627,242
Trade Payables12,6318,54511,52014,99017,68812,51016,25630,33024,01128,293
Others Liabilities 22,86925,89829,79828,15933,99342,54249,38453,67958,22354,293
Total Liabilities 69,74575,35791,9901,00,1311,15,6271,26,4691,40,5941,64,1841,60,8331,72,993

Fixed Assets

Gross Block41,81025,03535,13849,18655,79269,78580,6111,05,6541,13,9741,19,705
Accumulated Depreciation21,4951,8283,7016,1589,30412,83416,67421,84727,37832,968
Net Fixed Assets20,31523,20731,43743,02846,48856,95163,93683,80686,59686,737
CWIP 7,66612,66411,6234,4087,0669,5057,3504,9975,6738,781
Investments 12,39112,81114,60115,62615,99216,05817,68412,63213,87214,458
Inventories14,45813,79319,79820,87521,54520,42126,75742,17638,06542,835
Trade Receivables2,5612,1894,7585,1526,6715,1647,8279,7006,7228,328
Cash Equivalents 1,3602,06765183951167,0531,4512,1204,491
Others Assets10,9938,6269,70810,86017,77118,2549,9869,4227,7847,362
Total Assets 69,74575,35791,9901,00,1311,15,6271,26,4691,40,5941,64,1841,60,8331,72,993

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 18,18310,1797,8979,0097,6456,26520,03020,81310,66435,762
PBT 7,37210,39111,04311,28610,4402,67122,61815,6722,21735,548
Adjustment 1,4261,6227241,1072,7345,805-3,2235,0899,31010,333
Changes in Working Capital 11705752-829-1085-3458-66535001875-61-1300
Tax Paid -2,330-2,490-2,949-2,132-1,893-1,236-2,719-1,685-710-8,658
Cash Flow From Investing Activity -7,909-7,975-10,130-4,741-7,537-9,1722,170-7,744-6,397-11,661
Capex -8,017-9,312-8,967-6,917-9,017-9,341-6,008-7,366-7,334-8,763
Net Investments -364-269-1,282-1,293-720-1706,094-1,666-2,559-5,055
Others 4721,6051193,4702,2003392,0851,2883,4952,157
Cash Flow From Financing Activity -9,121-1,840567-4,423-872,940-15,622-18,662-3,666-25,466
Net Proceeds from Shares 000000046200
Net Proceeds from Borrowing 9082,046314-8249,902-3,291-1,666-2,9311,456-17,324
Interest Paid -666-782-760-831-1,075-1,327-1,231-1,377-2,231-1,917
Dividend Paid -1,229-2,524-5,114-2,885-3,540-4,819-4,261-14,483-1,282-5,329
Others -8,134-5796,126117-5,37412,377-8,464-333-1,609-896
Net Cash Flow 1,153364-1,666-15521346,578-5,592601-1,365
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)24.3528.3828.212520.137.6743.8221.583.6142.11
ROCE (%)21.2827.8524.0421.9719.076.8830.9521.426.2341.68
Asset Turnover Ratio3.5732.892.893.132.712.262.843.283.04
PAT to CFO Conversion(x)3.581.440.981.131.072.341.051.835.71.34
Working Capital Days
Receivable Days5457678765
Inventory Days24242527232329292729
Payable Days20221922212026282325

Bharat Petroleum Corporation Ltd Stock News

Bharat Petroleum Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of BPCL on 21-Nov-2024 16:00 is ₹282.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of BPCL stood at ₹1,24,752.7.
The latest P/E ratio of BPCL as of 21-Nov-2024 16:00 is 9.57.
The latest P/B ratio of BPCL as of 21-Nov-2024 16:00 is 1.63.
The 52-week high of BPCL is ₹376.0 and the 52-week low is ₹193.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BPCL is ₹5,08,116 ( Cr.) .

About Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Limited (BPCL) was established in 1952. BPCL is a Government of India Enterprise listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

Business area of the company

The Corporation is engaged in the business of refining of crude oil and marketing of petroleum products. It has refineries at Mumbai and Kochi, LPG bottling plants and Lube blending plants at various locations. The Corporation’s marketing infrastructure includes vast network of Installations, Depots, Retail Outlets, Aviation Fuelling Stations and LPG distributors.

Businesses/ Products & Services

Fuels & Services: offers world-class Fuel Stations (Petrol Pump) across the country, selling Petrol, Diesel, Automotive LPG and CNG.

Bharatgas: Bharatgas comes from the house of Bharat Petroleum, a Fortune 500 company and a major player in refining and marketing of petroleum products in India. Bharatgas fuels million homes and has brought many innovative products and customer centric offerings to the customers.

MAK Lubricants: from Bharat Petroleum - reign eminently as a trusted brand in lubricants and greases in India and international markets.

Aviation Services: Bharat Petroleum Corporation Limited is pioneer in providing aviation fuel services in India.

Oil Refineries: Bharat Petroleum operates several oil refineries in India.

Gas: Natural gas is seen as a great energy source of the 21st century, and to provide energy security to customers, BPCL diversified into the gas business. The emerging gas demand in the country provides BPCL with an opportunity to expand its existing portfolio of energy supply.

Industrial & Commercial: To cater to the Industries needs for fuels and other petrochemicals, BPCL Industrial and Commercial Fuel Services Business Unit, commonly known as I&C SBU was formed.

Awards

2007:

  • BPCL won the ‘Excellent Water Efficient Unit Award -Beyond the Fence’ at the National Awards for Excellence in Water Management 2007

2008:

  • BPCL's Mumbai Refinery won the Smart Workplace Award 2008 under the industrial manufacturing category given by Economic Times in association with IT majors, Acer and Intel.
  • BPCL was ranked 287th position during 2007-08 in Fortune Global 500 list.

2011:

  • BPCL Kochi Refinery has bagged the Excellence Award for Pollution Control among very large industries in Kerala 
  • BPCL has secured 271st  ranking during 2010-11  in the prestigious list of Fortune Global 500 as compared to 309th position last year.

2014:

  • Bharat Petroleum adjudged Best Performing Navratna PSU by India Today
  • BPCL receives World Petroleum Council Excellence Awards for CSR

2015:

  • Bharat Petroleum bags “HR Excellence Award” in India Today PSU Awards 2015
  • Sixth time in a row, OISD Safety Excellence Award to BPCL LPG Marketing
  • BPCL bags OISD Award for Retail Operations in Western Region
  • BPCL bags two top honours at Petrofed Awards
  • BPCL bags prestigious ABCI Awards

2016:

  • BPCL Annual Report Bags SCOPE Award
  • Bharat Petroleum Kochi Refinery Wins KSPCB Excellence Award
  • BPCL bags ABCI Silver for External Publications
  • BPCL bags prestigious NIPM National Award for Best HR Practices
  • BPCL Bags Lions CSR Precious Award

2017:

  • BPCL Stars in SCOPE Corporate Communication Excellence Awards
  • Bharat Petroleum Sparkles with ABCI Silver Award 
  • BPCL Honoured as Project Management Company of the Year
  • BPCL’s Brand Quiz programme enters INDIA BOOK OF RECORDS
  • Green Initiatives of BPCL Kochi Refinery win KMA Excellence Awards 2017

2018:

  • BPCL decorated with Golden Peacock Award 2018 at London
  • BPCL Brand Quiz Baadshah 2018 named as Largest Corporate Brand Engagement Program in Asia
  • BPCL Receives the ‘Star PSU’ Award from Business Standard
  • BPCL LPG Marketing Receives OISD Safety Award for Best Performance
  • BPCL Internal Audit Wins Award of Excellence

2019:

  • Corporate Research & Development Centre of BPCL received three Awards during the Project Evaluation and Recognition Program 2019
  • Bharat Petroleum receives the prestigious Golden Peacock Award for Sustainability for FY 2018-19
  • Bharat Petroleum wins the Global CX Summit Exceptional Experience Awards for Best Social Media Strategy to engage with customers

2020:

  • Bharat Petroleum Bags CII Environmental Project Awards
  • BPCL Bags Manufacturing Supply Chain Award
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