Gulf Oil Lubricants India

NSE: GULFOILLUBBSE: 538567
Compare with peers
₹ 1,070.00▲ 14.6 (+1.38%)28 Oct, 03:29 pm IST
Market cap
₹ 5,224 Cr.
P/E
13.6x
P/B
3.36x
52-week range
865 – 1,289.4
ROE
24%
ROCE
27%
Dividend yield
4.9%
Debt / equity
0.37
Sector
Petroleum Products
Industry
Lubricants
Listed on
NSE, BSE

About

Gulf Oil Lubricants India Limited is an India-based provider of lubricants and car and bike services. The Company is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants and synergy products. Its offerings include automotive lubricants, industrial lubricants and specialty oils, electric vehicle (EV) fluids, marine lubricants, AdBlue, and two-wheeler valve regulated lead acid (VRLA) battery. Its bike stop and car stop services include Gulf engine oil change, mechanical repair, electrical services, vehicle detailing, insurance, and tire and wheel changes. It directly supplies to over 40 original equipment manufacturers and 500 business-to-business (B2B) customers, including industries, infrastructure sectors, mining enterprises, fleet customers, state transport agencies, and government undertakings. The Company, through its subsidiary, Tirex Transmission Private Limited, is a manufacturer of direct current (DC) fast chargers.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Lubricants: 10 companies →

Gulf Oil Lubricants India 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)13.6 against a typical 10.5: pricier than most peers (1st = cheapest).8th of 10
  • Sales growth+32.5% against a typical +42.2% from a year earlier.6th of 8
  • Profit growth+32% against a typical +158.3% from a year earlier.7th of 8
  • Share price, 3 months+0.9% against a typical +3.6%.8th of 10
  • Size₹ 5,224.4 Cr. market value against a typical ₹ 2,460.9 Cr. (1st = largest).2nd of 10

Latest announcements

Exchange filings and their impact on the company.

  • 28 Oct 2026Outcome of Board MeetingHigh impactVery positive
    Q2 revenue up 46% and profit up 36% puts Gulf Oil on track for ~35-40% higher sales and profit over next 12 months.

    Gulf Oil Lubricants reported strong Q2 FY27 results with consolidated revenue of Rs 1,408.7 crore, up 45.7% from last year, and net profit of Rs 114.5 crore, up 36.4%. For the first half, revenue was Rs 2,735.9 crore and net profit Rs 235.4 crore. The growth came with higher raw material costs and a sharp rise in inventory and receivables funded by short-term borrowings, while the Valsad warehouse fire had no impact on the quarter as plants remain operational.

    Filing
  • 27 Oct 2026Disruption of OperationsLow impactNegativePrice +1.4% on 28 Oct
    Fire at Gujarat warehouse with no injuries; stock insured, damage being assessed.

    On October 27, 2026, a fire broke out at Gulf Oil Lubricants' warehouse at Nagvas, Umbergaon in Valsad, Gujarat, reportedly spreading from an adjacent unit. The company said there were no injuries or casualties and that the extent of damage is being assessed. The stock at the warehouse is insured and claims will be filed, limiting the expected financial impact to temporary disruption and minor uninsured costs.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA+ by ICRA
AA+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AA+Stable30 Jan 2026
Credit rating actions
RatingDetails
30 Jan 2026
Reaffirmed
[ICRA]AA+—ICRA₹ 732 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
28 Oct 2026UpcomingFinancial ResultsGULF OIL LUBRICANTS INDIA LIMITED has informed the Exchange about the Board Meeting scheduled to be held on October 28, 2026 to consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended September 30, 2026.
3 Aug 2026Financial ResultsWe enclose herewith the Board Meeting Intimation for consideration and approval of the Unaudited Financial Results (Standalone & Consolidated) of the Company for the first quarter ended June 30, 2026.
27 May 2026Financial Results/DividendThe meeting of the Board of Directors of the Company is scheduled on May 27, 2026 ,inter-alia, to consider and approve Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended March 31, 2026 and proposal of Final Dividend, if any, on the equity shares of the Company to its shareholders for the year ended March 31, 2026.
9 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025, and interim dividend, if any.
5 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
13 Aug 2025Financial ResultsTo consider and approve, inter-alia, the Unaudited Financial Results (Standalone and Consolidated) of the Company for the first quarter ended June 30, 2025, subject to limited review by the Statutory Auditors.
21 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend

Share price

1Y change −12.47%
0 of 1 filing day came with a big price move1 filing after the close: the market reacts next session
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8028178538858499059159969579981,0401,320
Expenses7027067387697427837918708388689051,150
Operating Profit100111115116107122124127118130135170
OPM %13%14%13%13%13%14%14%13%12%13%13%13%
Other Income17171817233322222512527
Interest78656141061313238
Depreciation111114111111141414151617
Profit before tax99108114118113131123130117104121172
Tax %26%26%25%26%26%25%26%25%26%26%26%26%
Net Profit7481858884989297877790128
EPS in Rs1516.4517.3717.8917.1519.9118.5819.617.6715.6318.2225.75

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
15%
5 Years
19%
3 Years
10%
TTM
18%
Compounded Profit Growth
10 Years
14%
5 Years
13%
3 Years
17%
TTM
7%
Stock Price CAGR
10 Years
5%
5 Years
15%
3 Years
23%
TTM
—
Return on Equity
10 Years
26%
5 Years
24%
3 Years
25%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
66.85%
−0.29 pts in a year
FIIs
7.78%
−0.7 pts in a year
DIIs
8.7%
+0.86 pts in a year
Government
0.33%
+0.03 pts in a year
Public
16.32%
+0.08 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 13.6xEPS (12 months) ₹ 79.04Median P/E 14.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Gulf Oil Lubricants India₹ 1,070.00₹ 5,224 Cr.13.6x3.4x24%—
Reliance Industries₹ 1,190.00₹ 16,10,372 Cr.22.2x2x—7.7%
Oil and Natural Gas Corporation₹ 226.00₹ 2,84,314 Cr.7.5x0.8x11.6%7.5%
Oil India₹ 446.10₹ 72,563 Cr.10.7x1.2x12.3%20.4%
Petronet LNG₹ 285.95₹ 44,250 Cr.10.5x1.8x18.6%9%
Castrol India₹ 194.80₹ 19,268 Cr.18.9x9.6x—16.4%

Management

Ravi Shamlal Chawla
Chief Executive Officer, Managing Director, Director
Manish Kumar Gangwal
Chief Financial Officer, Whole-Time Director, President of Strategic Sourcing, IT and Legal
Ashish Pandey
Company Secretary and Compliance Officer
Nilesh Garg
Vice President - Channel Sales
Somesh Sabhani
Vice President - Industrial Sales
Swaminathan K.
Senior General Manager - Technical Services
Anand Sathaye
Senior General Manager - HR and Administration
Dipnarayan Tiwari
Senior General Manager - Infrastructure, Mining and Fleet

Prices are delayed and for information only. Nothing on this page is investment advice.