BPCL
₹428.65
4.15 (0.98%)
As on 29 November, 2023 | 21:58 BSE: 500547 NSE: BPCLISIN: INE029A01011

Bpcl Performance

Day Range

  • Low 418.70
  • High 434.45
₹ 428.65

52 Week Range

  • Low 314.05
  • High 434.45
₹ 428.65
  • Open Price426.00
  • Previous Close424.50
  • Volume12604406

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Bpcl Share Price

  • Over 1 Month 27.97%
  • Over 3 Month 20.14%
  • Over 6 Month 18.51%
  • Over 1 Year 26.43%

Bpcl Key Statistics

P/E Ratio 3.4
PEG Ratio 0
Market Cap Cr 92,985
Price to Book Ratio 1.7
EPS 13.8
Dividend 0.9
Relative Strength Index 80.55
Money Flow Index 83.38
MACD Signal 13.02
Average True Range 9.45

Bpcl Investment Rating

  • Master Rating:
  • Bharat Petroleum has an operating revenue of Rs. 453,314.10 Cr. on a trailing 12-month basis. An annual revenue growth of 36% is outstanding, Pre-tax margin of 0% needs improvement, ROE of 3% is fair but needs improvement. The company has a debt to equity of 77%, which is bit higher. The stock from a technical standpoint is comfortably placed above its key moving averages, around 17% and 18% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 6% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 69 which is a FAIR score but needs to improve its earnings, a RS Rating of 56 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 74 indicates it belongs to a poor industry group of Oil&Gas-Refining/Mktg and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

BPCL Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 102,986112,978118,112119,158114,808121,066108,774
Operating Expenses Qtr Cr 90,07897,168106,958114,924113,374126,968104,524
Operating Profit Qtr Cr 12,90815,81011,1544,2341,434-5,9024,249
Depreciation Qtr Cr 1,6001,6091,5961,5821,5571,6111,274
Interest Qtr Cr 768679812978811616534
Tax Qtr Cr 2,8113,4621,641166-72-1,397909
Net Profit Qtr Cr 8,50110,5516,4781,960-304-6,2912,131
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 475,309364,689
Operating Expenses Annual Cr 462,168346,084
Operating Profit Annual in Cr 10,95716,193
Depreciation Cr 6,3474,754
Interest Annual Cr 3,2161,860
Tax Annual Cr 3473,125
Net Profit Annual Cr 1,8708,789
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 10,66420,049
Cash from Investing Activity Annual Cr -6,397-7,167
Cash from Financing Annual Activity Cr -3,666-18,697
Net Cash Flow Annual Cr 601-5,815
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 51,99649,670
Fixed Assets Annual Cr 92,27072,825
Total Non Current Assets Annual Cr 105,40695,816
Total Current Assets Annual Cr 55,39854,696
Total Assets Annual Cr 160,804150,513
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 244233
ROE Annual % 418
ROCE Annual % 818
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 35
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 103,044112,985118,115119,170114,820121,082104,080
Operating Expenses Qtr Cr 90,10497,200107,031114,957113,406126,90698,126
Operating Profit Qtr Cr 12,94115,78511,0854,2131,415-5,8245,954
Depreciation Qtr Cr 1,6051,6141,6051,5861,5611,6171,603
Interest Qtr Cr 9738699701,128937710752
Tax Qtr Cr 2,8123,4581,984166-72-1,3891,927
Net Profit Qtr Cr 8,24410,6446,8701,747-338-6,1482,803
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 474,685349,060
Operating Expenses Annual Cr 462,299327,654
Operating Profit Annual in Cr 10,88819,137
Depreciation Cr 6,3695,434
Interest Annual Cr 3,7452,606
Tax Annual Cr 6904,355
Net Profit Annual Cr 2,13111,682
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 12,46620,336
Cash from Investing Activity Annual Cr -7,806-8,138
Cash from Financing Annual Activity Cr -4,402-17,672
Net Cash Flow Annual Cr 257-5,474
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 53,52251,906
Fixed Assets Annual Cr 101,72098,130
Total Non Current Assets Annual Cr 132,096125,529
Total Current Assets Annual Cr 56,01361,999
Total Assets Annual Cr 188,109187,529
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 251244
ROE Annual % 423
ROCE Annual % 515
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 36

Bpcl Technicals

EMA & SMA

Current Price
₹428.65
4.15 (0.98%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹391.99
  • 50 Day
  • ₹373.93
  • 100 Day
  • ₹366.01
  • 200 Day
  • ₹359.19
  • 20 Day
  • ₹388.98
  • 50 Day
  • ₹363.80
  • 100 Day
  • ₹364.98
  • 200 Day
  • ₹357.24

Bpcl Resistance and Support

PIVOT
₹427.27
Resistance
First Resistance 435.83
Second Resistance 443.02
Third Resistance 451.58
RSI 80.55
MFI 83.38
MACD Single Line 13.02
MACD 16.57
Support
First Resistance 420.08
Second Resistance 411.52
Third Resistance 404.33

Bpcl Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 13,092,476 462,688,102 35.34
Week 9,725,734 381,443,297 39.22
1 Month 6,422,087 262,213,818 40.83
6 Month 4,316,924 207,773,540 48.13

Bpcl Result Highlights

BPCL Synopsis

NSE-Oil&Gas-Refining/Mktg

Bharat Petroleum is involved in the business activities of Manufacture of other petroleum (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals). Company’s Total Operating Revenue is Rs. 473124.67 Cr. and Equity Capital is Rs. 2129.45 Cr. for the Year ended 31/03/2023. 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 92,822
Sales 453,234
Shares in Float 101.95
No of funds 1067
Yield 0.94
Book Value 1.74
U/D Vol ratio 1.3
LTDebt / Equity 37
Alpha 0.08
Beta 0.72

BPCL

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 52.98%52.98%52.98%52.98%
Mutual Funds 10.01%9.99%9.56%9.13%
Insurance Companies 11.2%11.76%11.81%11.57%
Foreign Portfolio Investors 13.01%12.55%12.57%12.53%
Financial Institutions/ Banks 0.01%0.01%0.01%
Individual Investors 7.95%7.87%8.31%9.02%
Others 4.85%4.84%4.76%4.76%

BPCL Management

Name Designation
Mr. Arun Kumar Singh Chairman & Managing Director
Mr. Vetsa Ramakrishna Gupta Director - Finance
Mr. Sanjay Khanna Director - Refineries
Mr. Pradeep Agrawal Independent Director
Dr.(Mrs.) Aiswarya Biswal Independent Director
Prof. (Dr) Bhagwati Prasad Saraswat Independent Director
Mr. Ghanshyam Sher Independent Director
Mr. Gopal Krishna Agarwal Independent Director
Mr. Gudey Srinivas Government Director
Mr. Suman Billa Government Director

Bpcl Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Bpcl Corporate Action

Date Purpose Remarks
2023-10-27 Quarterly Results
2023-07-26 Quarterly Results
2023-06-28 Others Inter alia, to consider the various modalities for capital infusion including rights issue, for achieving energy transition, net zero and energy security objectives. per share(110%)Interim Dividend
2023-05-22 Audited Results & Dividend
2023-01-30 Quarterly Results
Date Purpose Remarks
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
2021-03-27 INTERIM Rs.5.00 per share (50%) Second Interim Dividend
2021-02-19 INTERIM Rs.16.00 per share(160%)Interim Dividend

BPCL MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 155,471
HDFC Balanced Advantage Fund Growth 63,981
ICICI Prudential Balanced Advantage Fund Growth 49,871
UTI Nifty 50 Exchange Traded Fund 42,363
ICICI Prudential Bluechip Fund Growth 41,269

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 Bharat Petroleum Corporation ?

Bharat Petroleum Corporation share price is ₹428 As on 29 November, 2023 | 21:44

What is the Market Cap of Bharat Petroleum Corporation ?

The Market Cap of Bharat Petroleum Corporation is ₹92985 Cr As on 29 November, 2023 | 21:44

What is the P/E ratio of Bharat Petroleum Corporation ?

The P/E ratio of Bharat Petroleum Corporation is 3.4 As on 29 November, 2023 | 21:44

What is the PB ratio of Bharat Petroleum Corporation ?

The PB ratio of Bharat Petroleum Corporation is 1.7 As on 29 November, 2023 | 21:44

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. 
 

Q2FY23