BPCL Share Price

Large Cap

₹340.75

+ 3.1 (0.92%)

Advice
Hold

14 October, 2024 22:25 BSE: 500547 NSE: BPCL ISIN: INE029A01011

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BPCL Performance

Day Range

Low 337
High 345

₹ 340

52 Week Range

Low 166
High 376

₹ 340

Open Price340
Previous Close338
Volume7967181

BPCL Chart

Over 1 Month -0.45%
Over 3 Month + 11.89%
Over 6 Month + 13.36%
Over 1 Year + 96%

BPCL Key Statistics

P/E Ratio	7.8
PEG Ratio	11.1
Market Cap Cr	147,835
Price to Book Ratio	1.9
EPS	64.5
Dividend	6.2
Relative Strength Index	48.09
Money Flow Index	56.43
MACD Signal	0.22
Average True Range	10.51

BPCL F&O

BPCL Futures BPCL Option Chain

Bpcl Investment Rating

Master Rating:
Bharat Petroleum has an operating revenue of Rs. 448,193.16 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 8% is okay, ROE of 35% is exceptional. The company has a reasonable debt to equity of 36%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and around 10% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 54 which is a POOR score indicating inconsistency in earnings, a RS Rating of 71 which is FAIR indicating the recent price performance, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 147 indicates it belongs to a poor industry group of Oil&Gas-Refining/Mktg and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

BPCL Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	113,096	116,555	115,494	102,986	112,978	118,112
Operating Expenses Qtr Cr	107,446	107,342	109,268	90,078	97,168	106,958
Operating Profit Qtr Cr	5,650	9,213	6,226	12,908	15,810	11,154
Depreciation Qtr Cr	1,681	1,717	1,824	1,600	1,609	1,596
Interest Qtr Cr	443	524	502	768	679	812
Tax Qtr Cr	1,017	1,419	1,183	2,811	3,462	1,641
Net Profit Qtr Cr	3,015	4,224	3,397	8,501	10,551	6,478

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	450,426	475,309
Operating Expenses Annual Cr	403,856	462,168
Operating Profit Annual in Cr	44,157	10,957
Depreciation Cr	6,750	6,347
Interest Annual Cr	2,473	3,216
Tax Annual Cr	8,875	347
Net Profit Annual Cr	26,674	1,870

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	35,762	10,664
Cash from Investing Activity Annual Cr	-11,661	-6,397
Cash from Financing Annual Activity Cr	-25,466	-3,666
Net Cash Flow Annual Cr	-1,365	601

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	74,675	51,996
Fixed Assets Annual Cr	95,519	92,270
Total Non Current Assets Annual Cr	109,149	105,406
Total Current Assets Annual Cr	63,844	55,398
Total Assets Annual Cr	172,993	160,804

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	350	244
ROE Annual %	36	4
ROCE Annual %	40	8
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	10	3

Indicator	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Oper Rev Qtr Cr	113,095	116,555	115,499	103,044	112,985	118,115
Operating Expenses Qtr Cr	107,468	107,397	109,300	90,104	97,200	107,031
Operating Profit Qtr Cr	5,627	9,158	6,199	12,941	15,785	11,085
Depreciation Qtr Cr	1,686	1,722	1,830	1,605	1,614	1,605
Interest Qtr Cr	889	967	700	973	869	970
Tax Qtr Cr	1,017	1,880	1,186	2,812	3,458	1,984
Net Profit Qtr Cr	2,842	4,790	3,181	8,244	10,644	6,870

Indicator	Mar 2024	Mar 2023
Total Revenue Annual Cr	450,318	474,685
Operating Expenses Annual Cr	404,001	462,299
Operating Profit Annual in Cr	44,082	10,888
Depreciation Cr	6,771	6,369
Interest Annual Cr	4,149	3,745
Tax Annual Cr	9,336	690
Net Profit Annual Cr	26,859	2,131

Indicator	Mar 2024	Mar 2023
Cash from Operating Activity Annual Cr	35,936	12,466
Cash from Investing Activity Annual Cr	-10,521	-7,806
Cash from Financing Annual Activity Cr	-25,427	-4,402
Net Cash Flow Annual Cr	-12	257

Indicator	Mar 2024	Mar 2023
Total ShareHolders Funds Annual Cr	75,635	53,522
Fixed Assets Annual Cr	105,798	101,720
Total Non Current Assets Annual Cr	136,724	132,096
Total Current Assets Annual Cr	65,694	56,013
Total Assets Annual Cr	202,418	188,109

Indicator	Mar 2024	Mar 2023
Book Value Per Share Annual Rs	354	251
ROE Annual %	36	4
ROCE Annual %	33	5
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	10	3

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BPCL Technicals

EMA & SMA

Current Price

₹340.75

+ 3.1 (0.92%)

Bullish Moving Average
___
8

Bearish Moving Average
___
8

EMA SMA

20 Day
₹343.21

50 Day
₹340.20

100 Day
₹329.02

200 Day
₹303.43

20 Day
₹342.66

50 Day
₹344.37

100 Day
₹328.29

200 Day
₹307.05

BPCL Resistance and Support

PIVOT

₹340.87

Resistance
First Resistance	344.48
Second Resistance	348.22
Third Resistance	351.83

RSI	48.09
MFI	56.43
MACD Single Line	0.22
MACD	-1.14

Support
First Support	337.13
Second Support	333.52
Third Supoort	329.78

BPCL Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	8,791,470	356,669,938	40.57
Week	8,625,407	310,342,144	35.98
1 Month	12,389,647	505,125,898	40.77
6 Month	13,176,199	554,717,992	42.1

BPCL Result Highlights

BPCL Synopsis

NSE-Oil&Gas-Refining/Mktg

Bharat Petroleum is involved in the business activities of Retail sale of automotive fuel in specialized stores. Company’s Total Operating Revenue is Rs. 448013.15 Cr. and Equity Capital is Rs. 2136.29 Cr. for the Year ended 31/03/2024. Bharat Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 03/11/1952 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L23220MH1952GOI008931 and registration number is 008931.

Market Cap	146,490
Sales	448,131
Shares in Float	203.91
No of funds	1411
Yield	9.33

Book Value	1.93
U/D Vol ratio	1.2
LTDebt / Equity	11
Alpha	0.11
Beta	1.49

BPCL Shareholding Pattern

Owner Name	Jun-24	Mar-24	Dec-23	Sep-23
Promoters	52.98%	52.98%	52.98%	52.98%
Mutual Funds	9.56%	9.14%	9.9%	10.01%
Insurance Companies	10.36%	10.78%	11.01%	11.2%
Foreign Portfolio Investors	15.04%	16.79%	14.21%	13.01%
Financial Institutions/ Banks	0.06%
Individual Investors	7.51%	5.87%	7.24%	7.95%
Others	4.49%	4.44%	4.66%	4.85%

BPCL Management

Name	Designation
Mr. G Krishnakumar	Chairman & Managing Director
Mr. Sukhmal Kumar Jain	Director - Marketing
Mr. Rajkumar Dubey	Director - Human Resources
Mr. Sanjay Khanna	Director - Refineries
Mr. Kamini Chauhan Ratan	Government Nominee Director
Dr.(Mrs.) Aiswarya Biswal	Independent Director
Prof. (Dr) Bhagwati Prasad Saraswat	Independent Director
Mr. Pradeep V Agrawal	Independent Director
Mr. Ghanshyam Sher	Independent Director
Mr. Gopal Krishna Agarwal	Independent Director
Mr. A P M Mohammed Hanish	Government Nominee Director
Dr. Sushma Agarwal	Independent Director
Mr. Vetsa Ramakrishna Gupta	Director - Finance & CFO

BPCL Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Other Analyst Rating

Date	Purpose	Remarks
2024-07-19	Quarterly Results
2024-05-09	Audited Results, Dividend & Bonus issue
2024-01-29	Quarterly Results
2023-10-27	Quarterly Results
2023-07-26	Quarterly Results

Date	Purpose	Remarks
2024-08-09	FINAL	Rs.10.50 per share(105%)Final Dividend Post Bonus
2023-12-12	INTERIM	Rs.21.00 per share(210%)Interim Dividend
2023-08-11	FINAL	Rs.4.00 per share(40%)Dividend
2022-02-11	INTERIM	Rs.5.00 per share(50%)Second Interim Dividend
2021-11-12	INTERIM	Rs.5.00 per share(50%)Interim Dividend

Date	Purpose	Remarks
2024-06-22	Bonus	Rs.0.00 issue in the ratio of 1:1 of Rs. 10/-.

About BPCL

Bharat Petroleum Corporation Limited or BPCL is a renowned name in India's Oil & Gas sector. The company is involved in oil exploration and production. Although the company is owned and operated by the Government of India, they have been planning to divest it since 2021. The government has a 52.98% stake in BPCL and plans to sell its entire stake. However, the deal hasn't progressed much because of the unavailability of bidders. BPCL divestment is part of the government's ambitious target to collect INR 175,000 crore by divesting its stake in government firms, including BPCL, IDBI Bank, Container Corporation of India, Pawan Hans, BEML Limited, Shipping Corporation of India, etc.

BPCL is managed by the Ministry of Petroleum and Natural Gas. The company's headquarters is in Mumbai, Maharashtra. BPCL is the second-largest government-owned oil corporation in India. It achieved the 309th rank in the 2020 Fortune List of the world's biggest corporations and the 792nd rank on Forbes' 2021 'Global 2000' list.

On 24th January 1976, the Burmah Shell Group of Companies was taken over by the Government of India to form Bharat Refineries Limited. On 1st August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude (Bombay High), in the country.

In 2003, the government went ahead to privatize BPCL. However, the Center for Public Interest Litigation filed a petition with the Supreme Court asking it to direct the government not to privatise BPCL and Hindustan Petroleum. Prashant Bhushan and Rajinder Sachar mentioned that the government could disinvest only if they amend or repeal the Acts used to nationalize the firm. However, since the incumbent government lacked a majority in the Parliament, they could not move ahead with the proposal.

Finally, in May 2016, the Narendra Modi government passed the Repealing and Amending Act 2016 and repealed the Act nationalizing BPCL. On 12th September 2017, BPCL declared a Maharatna company. A Maharatna company is a government entity with a high market capitalization and consistently decent profits.

BPCL - Some Important Facts

BPCL operates three refineries in India. They are:

Mumbai Refinery, with a capacity of 13 million metric tonnes every year

Kochi Refinery, with a capacity of 15.5 million metric tonnes every year

Bina Refinery, with a capacity of 7.8 million metric tonnes every year. It was initially known as Oman Refineries Limited (BORL), a joint venture between Oman Company and Bharat Petroleum. Presently, BORL is a BPCL subsidiary.

Numaligarh Refinery, with a capacity of 3 million metric tonnes every year. But, BPCL has sold this refinery to an Oil India Ltd. led consortium.

BPCL's business has seven divisions or Strategic Business Units (SBUs), such as Lubricants, Gas, Retail, Aviation services, Refinery, Industrial & Commercial, and LPG.

BPCL's customer loyalty programs are extremely popular, such as Smartfleet and Petrocard.

BPCL had also set up a 2nd-generation biofuels refinery at Odisha's Bargarh with 100-kilo litre of biofuel per day. The plant uses 2 lakh tonnes of rice straw for producing fuel.

BPCL - Subsidiaries

Here are some of the wholly or jointly-owned subsidiaries of Bharat Petroleum Corporation Limited:

Bharat Petro Resources Limited (BPRL) - 100% subsidiary of BPCL

BPCL - Kial Fuel Firm Private Limited (BKFFPL) - 74% (BPCL) and 26% (Kannur International Airport Limited)

Bharat Gas Resources Limited (BGRL) - a wholly-owned subsidiary

Bharat Oman Refineries Ltd.(BORL) - 63.38% (BPCL) and 36.62% (OQ S.A.O.C)

Petronet LNG Limited (PLL) - Four public sector companies, namely BPCL, IOCL, ONGC and GAIL, hold 12.5% each in PLL

BPCL - Awards Received

Here is a list of the top awards received by BPCL in recent times for its exemplary contribution to the petroleum sector:

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 Honored 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

Conclusion
From the share price of ₹19.67 on 1st January 1999 to 379 on 5th April 2022, BPCL has come a long way. Hence, the investors can track the stock.

BPCL FAQs

What is Share Price of BPCL ?

BPCL share price is ₹340 As on 14 October, 2024 | 22:11

What is the Market Cap of BPCL ?

The Market Cap of BPCL is ₹147834.6 Cr As on 14 October, 2024 | 22:11

What is the P/E ratio of BPCL ?

The P/E ratio of BPCL is 7.8 As on 14 October, 2024 | 22:11

What is the PB ratio of BPCL ?

The PB ratio of BPCL is 1.9 As on 14 October, 2024 | 22:11

Is it good to invest in BPCL?

According to the analyst, Bharat Petroleum Corporation Ltd (BPCL) is a BUY. Bharat Petroleum has a trailing 12-month operating revenue of INR 315,638.82 Cr. Annual revenue de-growth of -19% requires improvement; a pre-tax margin of 10% is adequate, and an ROE of 30% is exceptional. The company's debt to equity ratio is 67%, which is slightly higher. The fact that institutional holdings increased in the most recent quarter is a good sign.

What does BPCL do?

Bharat Petroleum Corporation Ltd (BPCL) is an Indian petroleum company. BPCL operates in a single segment: refinery and marketing activities, which include the downstream petroleum sector. They are also involved in hydrocarbon exploration and production (E&P).

How to buy BPCL shares

You can open a free 5paisa Demat and trading account to buy and sell BPCL shares. The account opening process is quick and seamless.

What is BPCL's share price target for the long term?

Several brokerage houses expect the stock to cross 550 and sail steadily towards 600 and above.

What is the future for BPCL shares?

The BPCL stock is expected to touch new heights because of fuel price hikes, a decrease in LPG under-recoveries, and divestment.

BPCL Key Statistics

P/E Ratio	7.8
PEG Ratio	11.1
Market Cap Cr	147,835
Price to Book Ratio	1.9
EPS	64.5
Dividend	6.2
Relative Strength Index	48.09
Money Flow Index	56.43
MACD Signal	0.22
Average True Range	10.51

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