Gulf Oil Lubricants India
- 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 positiveQ2 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ | Stable | 30 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Jan 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 732 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | GULF 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 2026 | Financial Results | We 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 2026 | Financial Results/Dividend | The 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 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025, and interim dividend, if any. |
| 5 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 13 Aug 2025 | Financial Results | To 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 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 802 | 817 | 853 | 885 | 849 | 905 | 915 | 996 | 957 | 998 | 1,040 | 1,320 |
| Expenses | 702 | 706 | 738 | 769 | 742 | 783 | 791 | 870 | 838 | 868 | 905 | 1,150 |
| Operating Profit | 100 | 111 | 115 | 116 | 107 | 122 | 124 | 127 | 118 | 130 | 135 | 170 |
| OPM % | 13% | 14% | 13% | 13% | 13% | 14% | 14% | 13% | 12% | 13% | 13% | 13% |
| Other Income | 17 | 17 | 18 | 17 | 23 | 33 | 22 | 22 | 25 | 1 | 25 | 27 |
| Interest | 7 | 8 | 6 | 5 | 6 | 14 | 10 | 6 | 13 | 13 | 23 | 8 |
| Depreciation | 11 | 11 | 14 | 11 | 11 | 11 | 14 | 14 | 14 | 15 | 16 | 17 |
| Profit before tax | 99 | 108 | 114 | 118 | 113 | 131 | 123 | 130 | 117 | 104 | 121 | 172 |
| Tax % | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 25% | 26% | 26% | 26% | 26% |
| Net Profit | 74 | 81 | 85 | 88 | 84 | 98 | 92 | 97 | 87 | 77 | 90 | 128 |
| EPS in Rs | 15 | 16.45 | 17.37 | 17.89 | 17.15 | 19.91 | 18.58 | 19.6 | 17.67 | 15.63 | 18.22 | 25.75 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 15%
- 5 Years
- 19%
- 3 Years
- 10%
- TTM
- 18%
- 10 Years
- 14%
- 5 Years
- 13%
- 3 Years
- 17%
- TTM
- 7%
- 10 Years
- 5%
- 5 Years
- 15%
- 3 Years
- 23%
- TTM
- —
- 10 Years
- 26%
- 5 Years
- 24%
- 3 Years
- 25%
- 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.
| Gulf Oil Lubricants India | ₹ 1,070.00 | ₹ 5,224 Cr. | 13.6x | 3.4x | 24% | — |
| Reliance Industries | ₹ 1,190.00 | ₹ 16,10,372 Cr. | 22.2x | 2x | — | 7.7% |
| Oil and Natural Gas Corporation | ₹ 226.00 | ₹ 2,84,314 Cr. | 7.5x | 0.8x | 11.6% | 7.5% |
| Oil India | ₹ 446.10 | ₹ 72,563 Cr. | 10.7x | 1.2x | 12.3% | 20.4% |
| Petronet LNG | ₹ 285.95 | ₹ 44,250 Cr. | 10.5x | 1.8x | 18.6% | 9% |
| Castrol India | ₹ 194.80 | ₹ 19,268 Cr. | 18.9x | 9.6x | — | 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.