Bharat Petroleum Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 28.8%)
- ✓Efficient capital deployment (ROCE 25.7%)
- ✓Attractively valued vs sector (P/E 4.9x vs industry 22.5x)
- ✓Regular dividends — yield 5.9%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,291 | ₹17.8L Cr | 22.8 | 1.93 | 8.91 | 10.3 | 0.44 |
| ONGC Oil & Natural Gas Corporation Limited | ₹264 | ₹3.3L Cr | 8 | 0.89 | 11.7 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹472 | ₹2.9L Cr | 9.36 | 2.45 | 28.5 | 35.3 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹138 | ₹2.0L Cr | 4.66 | 0.89 | 20.7 | 18.8 | 0.74 |
| GAIL GAIL (India) Limited | ₹168 | ₹1.1L Cr | 14.3 | 1.24 | 8.71 | 9.68 | 0.25 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹385 | ₹82K Cr | 4.52 | 1.25 | 30.9 | 22.2 | 1.11 |
| ATGL Adani Total Gas Limited | ₹762 +2.45% | ₹81K Cr | 124 | 17.25 | 14.5 | 15.4 | 0.45 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
BPCL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% |
| FII | 14.21% | 16.79% | 15.04% | 15.39% | 14.71% | 14.58% |
| DII | 22.13% | 21.30% | 21.31% | 22.06% | 22.27% | 22.23% |
| Public | 9.44% | 8.00% | 9.73% | 8.63% | 9.09% | 9.26% |
| Govt | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
| Others | 0.32% | — | — | — | — | — |
Corporate Events
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
To consider and approve the financial results for the period ended March 31, 2026
Interim Dividend - Rs 10 Per Share
Interim Dividend - Rs 7.50 Per Share
Dividend - Rs 5 Per Share
Interim Dividend - Rs 5 Per Share
Dividend - Rs 10.5 Per Share
Bonus 1:1
Record: 21 Jun 2024
Interim Dividend - Rs 21 Per Share
Dividend - Rs 4 Per Share
Latest News
All news →US moves to end Russia oil sanctions waiver affecting Indian imports
*US moves to end Russia oil sanctions waiver affecting Indian imports*. This could disrupt India's discounted Russian crude imports, forcing refiners to seek costlier alternatives. Indian refiners paid **$29 billion** for Russian oil since 2022. Margin pressures may rise if waiver ends. 📊 *STOCKS:* IOCL, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Oil
US sanctions on Iran may affect Indian oil imports
*US sanctions on Iran may affect Indian oil imports.* Indian refiners like **IOC**, **HPCL**, and **BPCL** could face higher crude costs if Iranian supply is disrupted. India imported **~1.2 million barrels per day** from Iran last year, making it a key source. Any reduction may widen trade deficit and impact refining margins. 📊 *STOCKS:* IOC, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #oil
U.S. ends Russia oil waiver, impacts Indian refiners
*U.S. ends Russia oil waiver, impacts Indian refiners.* India’s refiners may face tighter margins as U.S. sanctions tighten on Russian oil. Indian companies like **IOCL**, **HPCL**, and **BPCL** could see cost pressures if Russian crude supply is disrupted. Global oil prices may rise, impacting refining margins and import bills. 📊 *STOCKS:* IOCL, HPCL, BPCL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Energy
Oil PSUs maintain capex despite West Asia conflict
*Oil PSUs maintain capex despite West Asia conflict*. The ongoing West Asia conflict has not derailed capital expenditure plans of state-owned oil companies. Firms like ONGC, BPCL, and IOC continue with **₹50,000 crore** combined capex for FY25, focusing on refining and exploration. This signals stable operational outlook despite geopolitical risks. 📊 *STOCKS:* ONGC, BPCL, IOC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #capex
India secures crude oil despite Middle East disruptions
*India secures crude oil despite Middle East disruptions* Amid escalating US-Iran tensions affecting global oil flows, India has diversified imports from Russia and alternative suppliers. Refineries have adjusted sourcing, with **Russian crude now making up over **40%** of India’s imports**. This strategic shift helps maintain supply stability and cushions local refiners from price shocks. 📊 *STOCKS:* IOCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.2L Cr ▲13.4% | ₹1.0L Cr ▼6.8% | ₹1.1L Cr ▲1.2% | ₹1.1L Cr ▼1.7% | ₹1.1L Cr ▲10.1% | ₹1.0L Cr ▼9.1% | ₹1.1L Cr ▼3.0% | ₹1.2L Cr |
| Op. Profit | ₹11.7K Cr ▲19.7% | ₹9.8K Cr ▲0.9% | ₹9.7K Cr ▲25.1% | ₹7.7K Cr ▲3.8% | ₹7.5K Cr ▲65.1% | ₹4.5K Cr ▼19.7% | ₹5.6K Cr ▼37.2% | ₹9.0K Cr |
| OPM | 10.0% ▲11.1% | 9.0% ▲0.0% | 9.0% ▲28.6% | 7.0% ▲0.0% | 7.0% ▲75.0% | 4.0% ▼20.0% | 5.0% ▼37.5% | 8.0% |
| Net Profit | ₹7.2K Cr ▲16.1% | ₹6.2K Cr ▼9.5% | ₹6.8K Cr ▲55.7% | ₹4.4K Cr ▲15.4% | ₹3.8K Cr ▲65.7% | ₹2.3K Cr ▼19.2% | ₹2.8K Cr ▼40.7% | ₹4.8K Cr |
| EPS (₹) | 16.57 ▲16.1% | 14.27 ▼9.5% | 15.76 ▲55.7% | 10.12 ▲15.4% | 8.77 ▲65.8% | 5.29 ▼19.2% | 6.55 ▼40.7% | 11.04 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.6L Cr ▲3.4% | ₹4.4L Cr ▼1.7% | ₹4.5L Cr ▼5.3% | ₹4.7L Cr ▲36.4% | ₹3.5L Cr ▲50.7% | ₹2.3L Cr ▼19.1% | ₹2.8L Cr ▼4.6% | ₹3.0L Cr ▲26.4% | ₹2.4L Cr ▲17.2% | ₹2.0L Cr |
| Expenses | ₹4.1L Cr ▼0.2% | ₹4.1L Cr ▲2.7% | ₹4.0L Cr ▼12.6% | ₹4.6L Cr ▲41.1% | ₹3.3L Cr ▲56.6% | ₹2.1L Cr ▼24.1% | ₹2.8L Cr ▼2.7% | ₹2.8L Cr ▲28.4% | ₹2.2L Cr ▲17.7% | ₹1.9L Cr |
| Op. Profit | ₹41.2K Cr ▲62.2% | ₹25.4K Cr ▼42.4% | ₹44.1K Cr ▲304.5% | ₹10.9K Cr ▼43.0% | ₹19.1K Cr ▼8.9% | ₹21.0K Cr ▲134.0% | ₹9.0K Cr ▼40.6% | ₹15.1K Cr ▼1.3% | ₹15.3K Cr ▲11.1% | ₹13.8K Cr |
| OPM | 9.0% ▲50.0% | 6.0% ▼40.0% | 10.0% ▲400.0% | 2.0% ▼66.7% | 6.0% ▼33.3% | 9.0% ▲200.0% | 3.0% ▼40.0% | 5.0% ▼16.7% | 6.0% ▼14.3% | 7.0% |
| Other Income | ₹4.4K Cr ▲21.2% | ₹3.6K Cr ▲19.7% | ₹3.0K Cr ▲48.9% | ₹2.0K Cr ▼58.8% | ₹4.9K Cr ▼34.0% | ₹7.5K Cr ▲437.6% | ₹1.4K Cr ▼53.2% | ₹3.0K Cr ▲1.6% | ₹2.9K Cr ▲7.6% | ₹2.7K Cr |
| Interest | ₹3.0K Cr ▼17.8% | ₹3.6K Cr ▼13.4% | ₹4.1K Cr ▲10.8% | ₹3.7K Cr ▲43.7% | ₹2.6K Cr ▲51.2% | ₹1.7K Cr ▼34.7% | ₹2.6K Cr ▲49.5% | ₹1.8K Cr ▲48.7% | ₹1.2K Cr ▲70.4% | ₹696 Cr |
| Depreciation | ₹7.9K Cr ▲8.3% | ₹7.3K Cr ▲7.2% | ₹6.8K Cr ▲6.3% | ₹6.4K Cr ▲17.2% | ₹5.4K Cr ▲25.4% | ₹4.3K Cr ▲6.2% | ₹4.1K Cr ▲19.4% | ₹3.4K Cr ▲18.5% | ₹2.9K Cr ▲36.9% | ₹2.1K Cr |
| PBT | ₹34.8K Cr ▲91.3% | ₹18.2K Cr ▼49.8% | ₹36.2K Cr ▲1183.0% | ₹2.8K Cr ▼82.4% | ₹16.0K Cr ▼28.5% | ₹22.4K Cr ▲514.2% | ₹3.7K Cr ▼71.7% | ₹12.9K Cr ▼9.0% | ₹14.2K Cr ▲3.5% | ₹13.7K Cr |
| Tax % | 26.0% ▼3.7% | 27.0% ▲3.8% | 26.0% ▲8.3% | 24.0% ▼11.1% | 27.0% ▲17.4% | 23.0% | 0.0% ▼100.0% | 34.0% ▲9.7% | 31.0% ▲0.0% | 31.0% |
| Net Profit | ₹25.8K Cr ▲93.8% | ₹13.3K Cr ▼50.3% | ₹26.9K Cr ▲1160.4% | ₹2.1K Cr ▼81.8% | ₹11.7K Cr ▼32.6% | ₹17.3K Cr ▲372.4% | ₹3.7K Cr ▼57.0% | ₹8.5K Cr ▼12.9% | ₹9.8K Cr ▲3.0% | ₹9.5K Cr |
| EPS (₹) | 59.57 ▲93.8% | 30.74 ▼50.3% | 61.91 ▲1160.9% | 4.91 ▼81.8% | 26.93 ▼27.7% | 37.26 ▲429.3% | 7.04 ▼60.8% | 17.98 ▼13.4% | 20.76 ▲3.3% | 20.1 |
| Div Payout | 0.0% ▼100.0% | 32.0% ▼3.0% | 33.0% ▼17.5% | 40.0% ▲37.9% | 29.0% ▼71.6% | 102.0% ▼3.8% | 106.0% ▲120.8% | 48.0% ▲4.3% | 46.0% ▼6.1% | 49.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹4.3K Cr ▲0.0% | ₹4.3K Cr ▲100.0% | ₹2.1K Cr ▲0.3% | ₹2.1K Cr ▲0.0% | ₹2.1K Cr ▲1.7% | ₹2.1K Cr ▲6.4% | ₹2.0K Cr ▲0.0% | ₹2.0K Cr ▲0.0% | ₹2.0K Cr ▲50.0% | ₹1.3K Cr |
| Reserves | ₹89.7K Cr ▲16.3% | ₹77.1K Cr ▲4.9% | ₹73.5K Cr ▲43.0% | ₹51.4K Cr ▲3.2% | ₹49.8K Cr ▼3.3% | ₹51.5K Cr ▲48.9% | ₹34.6K Cr ▼6.1% | ₹36.8K Cr ▲6.2% | ₹34.7K Cr ▲17.4% | ₹29.5K Cr |
| Borrowings | ₹53.0K Cr ▼13.3% | ₹61.1K Cr ▲11.9% | ₹54.6K Cr ▼21.3% | ₹69.4K Cr ▲7.5% | ₹64.5K Cr ▲18.3% | ₹54.5K Cr ▼16.7% | ₹65.5K Cr ▲46.0% | ₹44.8K Cr ▲19.1% | ₹37.7K Cr ▲5.4% | ₹35.7K Cr |
| Other Liabilities | ₹81.1K Cr ▲6.8% | ₹75.9K Cr ▲5.1% | ₹72.2K Cr ▲10.7% | ₹65.2K Cr ▼8.3% | ₹71.1K Cr ▲34.4% | ₹52.9K Cr ▲8.3% | ₹48.9K Cr ▼8.4% | ₹53.3K Cr ▲15.7% | ₹46.1K Cr ▲8.3% | ₹42.5K Cr |
| Total Liabilities | ₹2.3L Cr ▲4.4% | ₹2.2L Cr ▲7.9% | ₹2.0L Cr ▲7.6% | ₹1.9L Cr ▲0.3% | ₹1.9L Cr ▲16.5% | ₹1.6L Cr ▲6.7% | ₹1.5L Cr ▲10.2% | ₹1.4L Cr ▲13.8% | ₹1.2L Cr ▲10.3% | ₹1.1L Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.0L Cr ▲15.0% | ₹88.6K Cr ▲2.1% | ₹86.8K Cr ▲0.1% | ₹86.7K Cr ▲3.3% | ₹83.9K Cr ▲30.9% | ₹64.1K Cr ▲6.5% | ₹60.2K Cr ▲22.0% | ₹49.3K Cr ▲8.3% | ₹45.5K Cr ▲35.2% | ₹33.7K Cr |
| CWIP | ₹15.3K Cr ▼41.9% | ₹26.4K Cr ▲30.6% | ₹20.2K Cr ▲24.3% | ₹16.2K Cr ▲5.3% | ₹15.4K Cr ▼9.4% | ₹17.0K Cr ▼4.1% | ₹17.8K Cr ▲30.0% | ₹13.7K Cr ▲38.3% | ₹9.9K Cr ▼41.3% | ₹16.8K Cr |
| Investments | ₹30.0K Cr ▲12.9% | ₹26.5K Cr ▼0.4% | ₹26.6K Cr ▼0.5% | ₹26.8K Cr ▲13.4% | ₹23.6K Cr ▼11.8% | ₹26.8K Cr ▼1.0% | ₹27.0K Cr ▲8.5% | ₹24.9K Cr ▲5.0% | ₹23.7K Cr ▲11.2% | ₹21.3K Cr |
| Other Assets | ₹80.7K Cr ▲5.1% | ₹76.8K Cr ▲11.7% | ₹68.8K Cr ▲17.8% | ₹58.4K Cr ▼9.6% | ₹64.6K Cr ▲21.7% | ₹53.1K Cr ▲15.6% | ₹45.9K Cr ▼6.4% | ₹49.0K Cr ▲19.0% | ₹41.2K Cr ▲10.7% | ₹37.2K Cr |
| Total Assets | ₹2.3L Cr ▲4.4% | ₹2.2L Cr ▲7.9% | ₹2.0L Cr ▲7.6% | ₹1.9L Cr ▲0.3% | ₹1.9L Cr ▲16.5% | ₹1.6L Cr ▲6.7% | ₹1.5L Cr ▲10.2% | ₹1.4L Cr ▲13.8% | ₹1.2L Cr ▲10.3% | ₹1.1L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹23.7K Cr ▼34.2% | ₹36.0K Cr ▲188.5% | ₹12.5K Cr ▼38.7% | ₹20.3K Cr ▼13.3% | ₹23.5K Cr ▲197.6% | ₹7.9K Cr ▼22.4% | ₹10.2K Cr ▼8.2% | ₹11.1K Cr ▲22.4% | ₹9.0K Cr ▼18.7% | ₹11.1K Cr |
| Investing CF | ₹-19.2K Cr ▼81.7% | ₹-10.6K Cr ▼35.2% | ₹-7.8K Cr ▲4.1% | ₹-8.1K Cr ▼228.9% | ₹-2.5K Cr ▲77.8% | ₹-11.1K Cr ▼6.5% | ₹-10.5K Cr ▼47.9% | ₹-7.1K Cr ▲53.7% | ₹-15.3K Cr ▼65.4% | ₹-9.2K Cr |
| Financing CF | ₹-6.2K Cr ▲75.5% | ₹-25.4K Cr ▼477.6% | ₹-4.4K Cr ▲75.1% | ₹-17.7K Cr ▼26.4% | ₹-14.0K Cr ▼490.2% | ₹3.6K Cr ▲1630.9% | ₹207 Cr ▲104.9% | ₹-4.2K Cr ▼187.8% | ₹4.8K Cr ▲460.7% | ₹-1.3K Cr |
| Net Cash Flow | ₹-1.7K Cr ▼14425.0% | ₹-12 Cr ▼104.7% | ₹257 Cr ▲104.7% | ₹-5.5K Cr ▼178.2% | ₹7.0K Cr ▲2027.7% | ₹329 Cr ▲478.2% | ₹-87 Cr ▲59.5% | ₹-215 Cr ▲85.0% | ₹-1.4K Cr ▼357.5% | ₹555 Cr |
| Free Cash Flow | ₹8.6K Cr ▼67.6% | ₹26.4K Cr ▲567.3% | ₹4.0K Cr ▼66.6% | ₹11.8K Cr ▼17.7% | ₹14.4K Cr ▲435.8% | ₹-4.3K Cr ▼1146.8% | ₹-344 Cr ▼110.2% | ₹3.4K Cr ▲911.5% | ₹-417 Cr ▼144.0% | ₹947 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8d ▲14.3% | 7d ▲40.0% | 5d ▼50.0% | 10d ▼16.7% | 12d ▲71.4% | 7d ▼12.5% | 8d ▲0.0% | 8d ▼11.1% | 9d ▲125.0% | 4d |
| Inventory Days | 43d ▲2.4% | 42d ▲31.3% | 32d ▼37.3% | 51d ▼1.9% | 52d ▲62.5% | 32d ▲0.0% | 32d ▼22.0% | 41d ▼8.9% | 45d ▲32.4% | 34d |
| Days Payable | 29d ▲7.4% | 27d ▲35.0% | 20d ▼45.9% | 37d ▲15.6% | 32d ▲68.4% | 19d ▼24.0% | 25d ▼7.4% | 27d ▲12.5% | 24d ▲26.3% | 19d |
| Cash Conv. Cycle | 22d ▲4.8% | 21d ▲23.5% | 17d ▼29.2% | 24d ▼27.3% | 33d ▲65.0% | 20d ▲25.0% | 16d ▼23.8% | 21d ▼30.0% | 30d ▲57.9% | 19d |
| Working Capital Days | -27d ▼28.6% | -21d ▼5.0% | -20d ▲31.0% | -29d ▲12.1% | -33d ▼10.0% | -30d ▼130.8% | -13d ▲31.6% | -19d ▲38.7% | -31d ▼72.2% | -18d |
| ROCE | 16.0% ▼50.0% | 32.0% ▲357.1% | 7.0% ▼56.3% | 16.0% ▼11.1% | 18.0% ▲100.0% | 9.0% ▼50.0% | 18.0% ▼14.3% | 21.0% ▼12.5% | 24.0% ▼4.0% | 25.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.[1]
Oil, Gas & Consumable Fuels · Petroleum Products