BPCL

BHARAT PETROLEUM CORPORATION

Large Cap BSE: 500547 NSE: BPCL
₹339.05
-1.7 (-0.5%)
  • Advice
  • Hold
As on 29 November, 2022 | 19:47

Bharat Petroleum Corporation Performance

Day Range

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52 Week Range

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Bharat Petroleum Corporation Share Price

Bharat Petroleum Corporation Share Returns

  • Over 1 Month 11.79%
  • Over 3 Month 3.94%
  • Over 6 Month 5.18%
  • Over 1 Year -7.73%

Bharat Petroleum Corporation Key Statistics

P/E Ratio -82.2
PEG Ratio 0.8
Market Cap Cr 73,549
Price to Book Ratio 1.4
EPS 40.8
Dividend 3.2
Relative Strength Index 74.3
Money Flow Index 75.35
MACD Signal 2.3
Average True Range 6.8

Bharat Petroleum Corporation Investment Rating

  • Master Rating:
  • Bharat Petroleum has an operating revenue of Rs. 435,308.08 Cr. on a trailing 12-month basis. An annual revenue growth of 50% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 22% is exceptional. The company has a debt to equity of 70%, which is bit higher. The stock from a technical standpoint is trading close to its 200DMA and around 10% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 23 which is a POOR score indicating inconsistency in earnings, a RS Rating of 40 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 140 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 declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Petroleum Corporation Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 114,808121,066108,774101,045101,63270,92176,882
Operating Expenses Qtr Cr 113,374126,968104,52496,83297,15467,66971,824
Operating Profit Qtr Cr 1,434-5,9024,2494,2134,4783,2535,058
Depreciation Qtr Cr 1,5571,6111,2741,1681,1681,1451,000
Interest Qtr Cr 811616534446394487478
Tax Qtr Cr -72-1,397909819902494297
Net Profit Qtr Cr -304-6,2912,1312,4622,6941,50211,940

Bharat Petroleum Corporation Technicals

EMA & SMA

Current Price
339.05
-1.7 (-0.5%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 314.97
  • 50 Day
  • 312.9
  • 100 Day
  • 319.06
  • 200 Day
  • 333.38
  • 20 Day
  • 311.59
  • 50 Day
  • 308.3
  • 100 Day
  • 318.1
  • 200 Day
  • 333.15

Bharat Petroleum Corporation Resistance and Support

PIVOT
₹336.55
Resistance
First Resistance 346.1
Second Resistance 351.45
Third Resistance 361
RSI 74.3
MFI 75.35
MACD Single Line 2.3
MACD 6.18
Support
First Resistance 331.2
Second Resistance 321.65
Third Resistance 316.3

Bharat Petroleum Corporation Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 14,057,935 548,681,203 39.03
Week 6,796,057 258,454,040 38.03
1 Month 3,709,240 162,613,073 43.84
6 Month 4,095,346 185,027,745 45.18

Bharat Petroleum Corporation Result Highlights

Bharat Petroleum Corporation Synopsis

NSE-Oil&Gas-Refining/Mktg

Bharat Petroleum is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company’s Total Operating Revenue is Rs. 362276.77 Cr. and Equity Capital is Rs. 2129.45 Cr. for the Year ended 31/03/2022. 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 73,418
Sales 445,692
Shares in Float 101.95
No of funds 962
Yield 4.7
Book Value 1.46
U/D Vol ratio 1
LTDebt / Equity 31
Alpha -0.05
Beta 0.93

Bharat Petroleum Corporation

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 52.98%52.98%52.98%
Mutual Funds 8.84%11.88%11.85%
Insurance Companies 10.97%8.69%7.86%
Foreign Portfolio Investors 12.96%13.17%13.69%
Financial Institutions/ Banks 0.01%0.14%0.14%
Individual Investors 9.38%9.49%9.68%
Others 4.86%3.65%3.8%

Bharat Petroleum Corporation 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

Bharat Petroleum Corporation Forecast

Price Estimates

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

Other Analyst Rating

Bharat Petroleum Corporation Corporate Action

Date Purpose Remarks
2022-11-07 Quarterly Results
2022-08-06 Quarterly Results
2022-05-25 Audited Results & Final Dividend
2022-01-31 Quarterly Results & Interim Dividend
2021-10-29 Quarterly Results & Interim Dividend
Date Purpose Remarks
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

Bharat Petroleum Corporation MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
HDFC Balanced Advantage Fund Growth 49709
ICICI Prudential Balanced Advantage Fund Growth 44002
UTI Nifty 50 Exchange Traded Fund 39494
ICICI Prudential Bluechip Fund Growth 34823

About Company

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.

 

The History of BPCL

 

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.

Bharat Petroleum Corporation FAQs

What is Share Price of Bharat Petroleum Corporation ?

Bharat Petroleum Corporation share price is ₹339 As on 29 November, 2022 | 19:33

What is the Market Cap of Bharat Petroleum Corporation ?

The Market Cap of Bharat Petroleum Corporation is ₹73548.5 Cr As on 29 November, 2022 | 19:33

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

The P/E ratio of Bharat Petroleum Corporation is -82.2 As on 29 November, 2022 | 19:33

What is the PB ratio of Bharat Petroleum Corporation ?

The PB ratio of Bharat Petroleum Corporation is 1.4 As on 29 November, 2022 | 19:33

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 is the intrinsic value of BPCL?

The Intrinsic Value of BHARAT PETROLEUM CORPORATION (BPCL)as of 24-Nov-2021 is INR 242.86 based on the Median of the three historical models.

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