Bharat Petroleum Corporation Ltd
NSE: BPCL BSE: 500547Energy
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.[1]
₹282
52W: ₹267 — ₹392
PE 4.97 · Book ₹211 · +34% vs bookMarket Cap₹1,22,324 Cr
Stock P/E4.97Price to Earnings
ROCE19.6%Return on Capital
ROE18.7%Return on Equity
Div. Yield6.23%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Company has been maintaining a healthy dividend payout of 37.1%
Weaknesses
- −The company has delivered a poor sales growth of 9.13% over past five years.
Shareholding Pattern
Promoters52.98%
FIIs19.57%
DIIs18.52%
Public8.48%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% |
| FIIs | 15.04% | 15.39%▲0.4 | 14.71%▼0.7 | 14.58%▼0.1 | 15.45%▲0.9 | 16.53%▲1.1 | 18.46%▲1.9 | 19.57%▲1.1 |
| DIIs | 21.31% | 22.06%▲0.8 | 22.27%▲0.2 | 22.23%▼0.0 | 22.18%▼0.1 | 21.31%▼0.9 | 19.56%▼1.8 | 18.52%▼1.0 |
| Public | 9.73% | 8.63%▼1.1 | 9.09%▲0.5 | 9.26%▲0.2 | 8.46%▼0.8 | 8.25%▼0.2 | 8.58%▲0.3 | 8.48%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,02,986 | 1,15,466 | 1,16,527 | 1,13,096 | 1,02,756 | 1,13,136 | 1,11,179 | 1,12,515 | 1,04,912 | 1,18,999 |
| Expenses | 90,078 | 1,09,268 | 1,07,342 | 1,07,446 | 98,244 | 1,05,555 | 1,03,414 | 1,02,852 | 95,135 | 1,07,323 |
| Operating Profit | 12,908 | 6,198 | 9,185 | 5,650 | 4,512 | 7,580 | 7,765 | 9,663 | 9,777 | 11,677 |
| OPM % | 13% | 5% | 8% | 5% | 4% | 7% | 7% | 9% | 9% | 10% |
| Net Profit | 8,501 | 3,397 | 4,224 | 3,015 | 2,397 | 4,649 | 3,214 | 6,124 | 6,443 | 7,545 |
| EPS ₹ | 19.59 | 7.83 | 9.74 | 6.95 | 5.53 | 10.72 | 7.41 | 14.12 | 14.85 | 17.39 |
AI Insights
Revenue Trend
TTM revenue at ₹4,47,605Cr, up 1.7% YoY. OPM at 9%.
Debt Position
Borrowings at ₹22,155Cr. Debt-to-equity ratio: 0.25x. Healthy balance sheet.
Capex Cycle
CWIP at ₹15,333Cr (17% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 18.52% (-4.58pp change). FIIs: 19.57% (+7.02pp change). Promoters hold 52.98%.
Margin & Efficiency
ROCE improving from 18% (Mar 2014) to 20% (Mar 2025). Working capital days: -24.
Valuation
PE 4.97x with 19.6% ROCE. Price is 34% above book value of ₹211. Dividend yield: 6.23%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Intimation of 4Q FY26 Post Results Conference Call
- Announcement under Regulation 30 (LODR)-Change in Management 11 May - Shri S. Rengarajan took over as Head (CRPO) effective 8 May 2026.
- Update on board meeting 8 May - Board meeting to consider FY26 results rescheduled to 19 May 2026; trading window closes till 21 May 2026.
- Board Meeting Intimation for Considering The Financial Results For The Quarter And Year Ended 31St March, 2026 5 May - Board meets 12 May 2026 to approve Q4 and FY2026 financial results; trading window closed till 14 May.
- Board Meeting Intimation for Considering The Financial Results For The Quarter And Year Ended 31St March, 2026 5 May - Board meets 12 May 2026 to consider FY26 and quarter ended 31 March 2026 financial results.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse