Petroleum Products sector

Industry analysis

Lubricants

Read from what its listed companies are showing. Valuations are compared within this industry.

Improving

10 listed companies · ₹ 37,452 Cr. total market value
  • ▲100% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 158%.
  • ●1 credit rating upgrade and no downgrades in the last 90 days.
  • –3 good and 1 bad company announcements (read since 6 Oct 2026; not counted until there is a month of them).
  • ▲The typical share is up 3.6% in 3 months; 75% of shares trade above their 200-day average (their usual level).
  • –Typical P/E 10.3, 23% below these companies' usual level (cheaper than normal).

▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.

In charts

Share prices over the last year

The typical Lubricants share against the typical share on the market, both starting at 100. Now 122 vs 83.

Is growth speeding up or slowing down?

The typical company's sales and profit growth against the same quarter a year earlier.

Price against growth

Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.

Cheaper than peers

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

No company here passes every test right now.

Cheaper than peers across the whole market

Leaders and laggards

Good news

  1. GP PetroleumsStrong results
  2. Gandhar Oil Refinery (INDIA)Strong results
  3. Panama PetrochemRating outlook raised

Warning signs

No red flags in 90 days.

Companies

Click a column to sort.

Lubricants companies
Signs (90 days)
Castrol India
CASTROLIND
Lubricants₹ 19,268.11 Cr.+27.3%−22.8%18.3+2%
Gulf Oil Lubricants India
GULFOILLUB
Lubricants₹ 5,224.39 Cr.+32.5%+32%13.2+0.9%
Savita Oil Technologies
SOTL
Lubricants₹ 4,660.94 Cr.+49.6%+394.9%11.3+10.2%
Gandhar Oil Refinery (INDIA)
GANDHAR
Lubricants₹ 2,860.85 Cr.+91.8%+692.3%5.6+11.6%
Strong results
Panama Petrochem
PANAMAPET
Lubricants₹ 2,709.43 Cr.+150.4%+618.6%5.7+3%
Rating outlook raised
Veedol Corporation
VEEDOL
Lubricants₹ 2,212.33 Cr.+18.5%+56%10−6.2%
GP Petroleums
GULFPETRO
Lubricants₹ 324.99 Cr.+45.6%+250%6.6+48.9%
Strong results
Arabian Petroleum
ARABIAN
Lubricants₹ 106.74 Cr.+38.9%+66.7%10.6+57.6%
Greenhitech Ventures
544163
Lubricants₹ 49.36 Cr.——65.8−7.5%
Sundrex Oil Company
SOCL
Lubricants₹ 34.42 Cr.——6.5+4.2%

Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.