BSE: 500547 | NSE: BPCL | Refineries | Large Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bharat Petroleum Corporation Ltd is a good quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 21.3% | 27.9% | 24% | 22% | 19.1% | 6.9% | 31% | 21.4% | 6.2% | 41.7% | - |
| Value Creation Index ⓘ | 0.9 | 1.5 | 1.1 | 1.0 | 0.7 | -0.4 | 1.8 | 0.9 | -0.5 | 2.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,38,087 | 1,88,405 | 2,02,211 | 2,36,421 | 2,97,275 | 2,84,383 | 2,32,553 | 3,46,644 | 4,73,125 | 4,48,013 | 5,08,116 |
| Sales YoY Gr. | - | -20.9% | 7.3% | 16.9% | 25.7% | -4.3% | -18.2% | 49.1% | 36.5% | -5.3% | - |
| Adj EPS ⓘ | 10.6 | 19.2 | 20.4 | 20.4 | 18.9 | 10.1 | 30.6 | 25.4 | 11.1 | 65.9 | 30 |
| YoY Gr. | - | 81.6% | 6.2% | 0% | -7.2% | -46.4% | 202.5% | -17.1% | -56.2% | 493.1% | - |
| BVPS (₹) ⓘ | 51.6 | 69.5 | 75.4 | 86.8 | 93.4 | 84.4 | 128.3 | 121.3 | 122.1 | 174.8 | 175.9 |
| Adj Net Profit ⓘ | 4,587 | 7,550 | 8,016 | 8,018 | 7,439 | 3,986 | 12,825 | 10,815 | 4,731 | 28,061 | 13,033 |
| Cash Flow from Ops. ⓘ | 18,183 | 10,179 | 7,897 | 9,009 | 7,645 | 6,265 | 20,030 | 20,813 | 10,664 | 35,762 | - |
| Debt/CF from Ops. ⓘ | 0.7 | 1.6 | 2.9 | 2.6 | 3.8 | 6.7 | 1.3 | 1.6 | 3.4 | 0.5 | - |
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% | ||||
| BVPSⓘ | 14.5% | 13.4% | 10.9% | 43.2% | ||||
| Share Price | 9.5% | 3.5% | 15.1% | 34.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.9 | 30.3 | 28.1 | 25.1 | 21 | 11.4 | 29.2 | 20.4 | 9.1 | 44.3 | 17.1 |
| Op. Profit Mgn % ⓘ | 3.5 | 6.2 | 5.4 | 5.1 | 4.3 | 3 | 7.4 | 5.7 | 2.9 | 9.9 | 5.1 |
| Net Profit Mgn % ⓘ | 1.9 | 4 | 4 | 3.4 | 2.5 | 1.4 | 5.5 | 3.1 | 1 | 6.3 | 2.6 |
| Debt to Equity ⓘ | 0.6 | 0.6 | 0.8 | 0.7 | 0.8 | 1.3 | 0.5 | 0.7 | 0.7 | 0.3 | 0 |
| Working Cap Days ⓘ | 47 | 44 | 44 | 47 | 44 | 49 | 53 | 45 | 39 | 40 | 24 |
| Cash Conv. Cycle ⓘ | 10 | 8 | 13 | 13 | 10 | 11 | 13 | 11 | 12 | 11 | -4 |
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%
| 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 ⓘ | 1.67 | 1.65 |
| PE ⓘ | 9.80 | 9.74 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 211.03 / 376.00 |
| All Time Low / High (₹) | 5.45 / 376.00 |
| Market Cap (₹ Cr.) | 1,27,681 |
| Equity (₹ Cr.) | 4,338.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,38,087 | 1,88,405 | 2,02,211 | 2,36,421 | 2,97,275 | 2,84,383 | 2,32,553 | 3,46,644 | 4,73,125 | 4,48,013 |
| Operating Expenses ⓘ | 2,29,772 | 1,77,380 | 1,91,476 | 2,24,704 | 2,85,311 | 2,77,929 | 2,15,422 | 3,27,620 | 4,62,169 | 4,03,857 |
| Manufacturing Costs | 7,890 | 8,032 | 8,096 | 9,193 | 10,699 | 11,806 | 10,841 | 13,260 | 16,048 | 17,135 |
| Material Costs | 2,16,721 | 1,62,670 | 1,76,353 | 2,07,251 | 2,64,690 | 2,55,937 | 1,95,321 | 3,03,454 | 4,33,214 | 3,76,094 |
| Employee Cost | 2,086 | 2,758 | 3,429 | 3,437 | 3,664 | 3,691 | 4,477 | 3,398 | 2,764 | 3,558 |
| Other Costs ⓘ | 3,076 | 3,921 | 3,598 | 4,823 | 6,257 | 6,495 | 4,782 | 7,509 | 10,143 | 7,069 |
| Operating Profit ⓘ | 8,315 | 11,025 | 10,735 | 11,717 | 11,964 | 6,454 | 17,131 | 19,023 | 10,956 | 44,157 |
| 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 ⓘ | 2,200 | 1,776 | 2,695 | 3,055 | 2,984 | 3,267 | 4,596 | 2,632 | 2,185 | 2,413 |
| Interest ⓘ | 583 | 565 | 496 | 833 | 1,319 | 2,182 | 1,580 | 2,209 | 3,216 | 2,473 |
| Depreciation ⓘ | 2,516 | 1,845 | 1,891 | 2,653 | 3,189 | 3,787 | 3,978 | 5,418 | 6,347 | 6,750 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -1,081 | 6,449 | 1,643 | -1,360 | -1,798 |
| Profit Before Tax ⓘ | 7,416 | 10,391 | 11,043 | 11,286 | 10,440 | 2,671 | 22,618 | 15,672 | 2,217 | 35,548 |
| Tax ⓘ | 2,331 | 3,335 | 3,003 | 3,310 | 3,308 | -12 | 3,576 | 4,308 | 347 | 8,875 |
| Profit After Tax | 5,085 | 7,056 | 8,039 | 7,976 | 7,132 | 2,683 | 19,042 | 11,363 | 1,870 | 26,674 |
| PAT Margin (%) | 2.1% | 3.7% | 4.0% | 3.4% | 2.4% | 0.9% | 8.2% | 3.3% | 0.4% | 6.0% |
| Adjusted EPS (₹) | 11.7 | 17.9 | 20.4 | 20.3 | 18.1 | 6.8 | 45.5 | 26.7 | 4.4 | 62.4 |
| Dividend Payout Ratio (%) | 32% | 29% | 53% | 52% | 52% | 121% | 87% | 30% | 46% | 25% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 22,467 | 27,323 | 29,668 | 34,131 | 36,738 | 33,214 | 53,688 | 51,645 | 51,996 | 74,675 |
| Share Capital ⓘ | 723 | 656 | 1,311 | 1,967 | 1,967 | 1,967 | 2,093 | 2,129 | 2,129 | 2,136 |
| Reserves ⓘ | 21,744 | 26,667 | 28,357 | 32,165 | 34,771 | 31,248 | 51,595 | 49,516 | 49,867 | 72,539 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 11,777 | 13,591 | 21,004 | 22,851 | 27,209 | 38,203 | 21,266 | 28,529 | 26,604 | 15,732 |
| Long Term Debt | 11,737 | 13,567 | 13,776 | 14,758 | 23,629 | 20,482 | 17,033 | 21,032 | 19,442 | 8,490 |
| Short Term Debt | 40 | 24 | 7,227 | 8,093 | 3,581 | 17,721 | 4,233 | 7,497 | 7,162 | 7,242 |
| Trade Payables | 12,631 | 8,545 | 11,520 | 14,990 | 17,688 | 12,510 | 16,256 | 30,330 | 24,011 | 28,293 |
| Others Liabilities ⓘ | 22,869 | 25,898 | 29,798 | 28,159 | 33,993 | 42,542 | 49,384 | 53,679 | 58,223 | 54,293 |
| Total Liabilities ⓘ | 69,745 | 75,357 | 91,990 | 1,00,131 | 1,15,627 | 1,26,469 | 1,40,594 | 1,64,184 | 1,60,833 | 1,72,993 |
Fixed Assets | ||||||||||
| Gross Block | 41,810 | 25,035 | 35,138 | 49,186 | 55,792 | 69,785 | 80,611 | 1,05,654 | 1,13,974 | 1,19,705 |
| Accumulated Depreciation | 21,495 | 1,828 | 3,701 | 6,158 | 9,304 | 12,834 | 16,674 | 21,847 | 27,378 | 32,968 |
| Net Fixed Assetsⓘ | 20,315 | 23,207 | 31,437 | 43,028 | 46,488 | 56,951 | 63,936 | 83,806 | 86,596 | 86,737 |
| CWIP ⓘ | 7,666 | 12,664 | 11,623 | 4,408 | 7,066 | 9,505 | 7,350 | 4,997 | 5,673 | 8,781 |
| Investmentsⓘ | 12,391 | 12,811 | 14,601 | 15,626 | 15,992 | 16,058 | 17,684 | 12,632 | 13,872 | 14,458 |
| Inventories | 14,458 | 13,793 | 19,798 | 20,875 | 21,545 | 20,421 | 26,757 | 42,176 | 38,065 | 42,835 |
| Trade Receivables | 2,561 | 2,189 | 4,758 | 5,152 | 6,671 | 5,164 | 7,827 | 9,700 | 6,722 | 8,328 |
| Cash Equivalents | 1,360 | 2,067 | 65 | 183 | 95 | 116 | 7,053 | 1,451 | 2,120 | 4,491 |
| Others Assetsⓘ | 10,993 | 8,626 | 9,708 | 10,860 | 17,771 | 18,254 | 9,986 | 9,422 | 7,784 | 7,362 |
| Total Assets ⓘ | 69,745 | 75,357 | 91,990 | 1,00,131 | 1,15,627 | 1,26,469 | 1,40,594 | 1,64,184 | 1,60,833 | 1,72,993 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 18,183 | 10,179 | 7,897 | 9,009 | 7,645 | 6,265 | 20,030 | 20,813 | 10,664 | 35,762 |
| PBT ⓘ | 7,372 | 10,391 | 11,043 | 11,286 | 10,440 | 2,671 | 22,618 | 15,672 | 2,217 | 35,548 |
| Adjustment ⓘ | 1,426 | 1,622 | 724 | 1,107 | 2,734 | 5,805 | -3,223 | 5,089 | 9,310 | 10,333 |
| Changes in Working Capital ⓘ | 11705 | 752 | -829 | -1085 | -3458 | -665 | 3500 | 1875 | -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 | -9,172 | 2,170 | -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 | -170 | 6,094 | -1,666 | -2,559 | -5,055 |
| Others ⓘ | 472 | 1,605 | 119 | 3,470 | 2,200 | 339 | 2,085 | 1,288 | 3,495 | 2,157 |
| Cash Flow From Financing Activityⓘ | -9,121 | -1,840 | 567 | -4,423 | -87 | 2,940 | -15,622 | -18,662 | -3,666 | -25,466 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 462 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 908 | 2,046 | 314 | -824 | 9,902 | -3,291 | -1,666 | -2,931 | 1,456 | -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 | -579 | 6,126 | 117 | -5,374 | 12,377 | -8,464 | -333 | -1,609 | -896 |
| Net Cash Flow ⓘ | 1,153 | 364 | -1,666 | -155 | 21 | 34 | 6,578 | -5,592 | 601 | -1,365 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 24.35 | 28.38 | 28.21 | 25 | 20.13 | 7.67 | 43.82 | 21.58 | 3.61 | 42.11 |
| ROCE (%) | 21.28 | 27.85 | 24.04 | 21.97 | 19.07 | 6.88 | 30.95 | 21.42 | 6.23 | 41.68 |
| Asset Turnover Ratio | 3.57 | 3 | 2.89 | 2.89 | 3.13 | 2.71 | 2.26 | 2.84 | 3.28 | 3.04 |
| PAT to CFO Conversion(x) | 3.58 | 1.44 | 0.98 | 1.13 | 1.07 | 2.34 | 1.05 | 1.83 | 5.7 | 1.34 | Working Capital Days |
| Receivable Days | 5 | 4 | 5 | 7 | 6 | 7 | 8 | 7 | 6 | 5 |
| Inventory Days | 24 | 24 | 25 | 27 | 23 | 23 | 29 | 29 | 27 | 29 |
| Payable Days | 20 | 22 | 19 | 22 | 21 | 20 | 26 | 28 | 23 | 25 |
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
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