Bharat Petroleum Corporation
- Market cap
- ₹ 1,22,019 Cr.
- P/E
- 8.9x
- P/B
- 1.24x
- 52-week range
- 266.6 – 391.65
- ROE
- 29%
- ROCE
- 26%
- Dividend yield
- 6.1%
- Debt / equity
- 0.54
- Sector
- Petroleum Products
- Industry
- Refineries & Marketing
- Listed on
- NSE, BSE
About
Bharat Petroleum Corporation Limited is an India-based company, which is engaged in the refining of crude oil and marketing of petroleum products. Its segments include Downstream Petroleum and Exploration & Production of Hydrocarbons. Its businesses include fuels and services, Bharatgas, MAK lubricants, aviation services, gas, industrial and commercial, international trade, proficiency testing, and pipelines. It has a variety of product offerings, like petrol, diesel, automotive LPG and CNG along with premium petrol products like Speed and Speed 97. It offers specialized fuel station formats like Ghar, Highway Star, Pure for Sure, and other such services. MAK Lubricants provides lubricants and greases in India and international markets. It has refineries in Mumbai, Kochi and Bina, LPG bottling plants and Lube blending plants at various locations. Its marketing infrastructure includes a network of installations, depots, retail outlets, aviation fueling stations and LPG distributors.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Refineries & Marketing: 13 companies →Bharat Petroleum Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.9 against a typical 20.9: cheaper than most peers (1st = cheapest).5th of 13
- Sales growth+42.1% against a typical +33.3% from a year earlier.3rd of 9
- Profit growth−21.5% against a typical −13.8% from a year earlier.6th of 10
- Share price, 3 months−8.4% against a typical −6.8%.9th of 13
- Size₹ 1,22,019.5 Cr. market value against a typical ₹ 368.6 Cr. (1st = largest).3rd of 11
Latest announcements
Exchange filings and their impact on the company.
- BPCL to create a wholly owned project company for the proposed Ramayapatnam refinery with up to Rs 4900 cr authorised capital, with investment decision deferred.
BPCL's board on 23 October 2026 approved setting up a wholly owned subsidiary in India as the dedicated project company for the proposed greenfield refinery and petrochemical complex at Ramayapatnam, Andhra Pradesh, subject to government and regulatory approvals. The subsidiary will have initial authorised share capital of up to Rs 4900 crore to enable due diligence, lender and partner engagement and financing structuring. Feasibility reports are still being finalised and the final investment decision and financial commitments will be taken separately later, so there is no immediate project spend commitment.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 26 Oct 2026 |
| CARE | CARE AAA | Stable | 3 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Oct 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 1,24,000 Cr. | |
| 1 Oct 2026 | Withdrawn | was Crisil AAA | — | CRISIL | ₹ 935.61 Cr. | |
| 3 Aug 2026 | Reaffirmed | CARE AAA | — | CARE | ₹ 17,069.19 Cr. | |
| 3 Jul 2026 | Withdrawn | was CARE AAA | — | CARE | ₹ 7,069.19 Cr. | |
| 1 Oct 2025 | Withdrawn | was Crisil AAA | — | CRISIL | ₹ 1,25,995.2 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 23 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 18 Aug 2026 | Fund Raising | To consider Fund Raising |
| 22 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 19 May 2026 | Financial Results | BPCL : 19-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 12, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 19, 2026, To consider and approve the financial results for the period ended March 31, 2026 |
| 12 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 23 Jan 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,15,499 | 1,16,555 | 1,13,095 | 1,02,785 | 1,13,166 | 1,11,230 | 1,12,551 | 1,04,946 | 1,19,029 | 1,18,701 | 1,51,277 | 1,49,080 |
| Expenses | 1,09,300 | 1,07,600 | 1,07,468 | 98,268 | 1,05,710 | 1,03,494 | 1,02,874 | 95,185 | 1,07,343 | 1,09,067 | 1,55,332 | 1,40,108 |
| Operating Profit | 6,199 | 8,955 | 5,627 | 4,517 | 7,456 | 7,737 | 9,678 | 9,761 | 11,687 | 9,634 | −4,055 | 8,973 |
| OPM % | 5% | 8% | 5% | 4.4% | 7% | 7% | 9% | 9% | 10% | 8% | −2.7% | 6% |
| Other Income | 919 | 403 | 807 | 1,278 | 548 | 1,061 | 1,840 | 1,375 | 687 | 940 | 3,535 | 675 |
| Interest | 920 | 967 | 889 | 923 | 861 | 919 | 758 | 833 | 657 | 705 | 627 | 991 |
| Depreciation | 1,830 | 1,722 | 1,686 | 1,779 | 1,810 | 1,982 | 1,889 | 1,958 | 1,979 | 2,031 | 2,069 | 2,097 |
| Profit before tax | 4,367 | 6,669 | 3,859 | 3,094 | 5,333 | 5,897 | 8,872 | 8,345 | 9,737 | 7,838 | −3,216 | 6,560 |
| Tax % | 27% | 28% | 26% | 26% | 29% | 26% | 23% | 26% | 26% | 28% | −42% | 26% |
| Net Profit | 3,181 | 4,790 | 2,842 | 2,297 | 3,806 | 4,392 | 6,839 | 6,191 | 7,188 | 5,625 | −1,873 | 4,863 |
| EPS in Rs | 7.33 | 11.04 | 6.55 | 5.29 | 8.77 | 10.12 | 15.76 | 14.27 | 16.57 | 12.96 | −4.32 | 11.21 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 15%
- 3 Years
- −1%
- TTM
- 22%
- 10 Years
- 12%
- 5 Years
- 16%
- 3 Years
- 107%
- TTM
- −35%
- 10 Years
- 3%
- 5 Years
- 7%
- 3 Years
- 20%
- TTM
- —
- 10 Years
- 24%
- 5 Years
- 24%
- 3 Years
- 29%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Bharat Petroleum Corporation | ₹ 289.20 | ₹ 1,22,019 Cr. | 8.9x | 1.2x | 29% | — |
| Indian Oil Corporation | ₹ 129.00 | ₹ 1,82,164 Cr. | 4.5x | 0.9x | 20.7% | 4.9% |
| Gujarat Natural Resources | ₹ 88.07 | ₹ 1,351 Cr. | 155.3x | 6.1x | 5.5% | 32.4% |
Management
- Sanjay Khanna
- Executive Chairman, Managing Director, Director - Refineries
- Vetsa Ramakrishna Gupta
- Director - Finance, Executive Director
- Vaidyanathan Kala
- Compliance Officer, Company Secretary
- Subhankar Sen
- Executive Director, Director - Marketing
- Pushp Kumar Nayar
- Executive Director, Director - Human Resources
Prices are delayed and for information only. Nothing on this page is investment advice.