Bharat Petroleum Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 28.8%)
- Efficient capital deployment (ROCE 25.6%)
- Attractively valued vs sector (P/E 8.8x vs industry 26.8x)
- Regular dividends — yield 5.5%
Concerns
Today's Price Action
BPCL closed at ₹315.7, unchanged from the prior session. The traded volume of 18,19,819 shares matches the 20‑day average, indicating neutral participation and no abnormal buying or selling pressure on the day.
Valuation Snapshot
The stock trades at a P/E of 8.94, well within a reasonable range for the oil‑gas sector, which currently shows a sector‑wide P/E of 0 (indicating no comparable peers with positive earnings). A return on equity of 28.8 % underscores strong profitability relative to the capital employed.
Key Levels to Watch
The current price sits near the upper end of the 52‑week range (₹267 – ₹392), approximately ₹76 below the yearly high. Open‑interest on nearby strike prices suggests resistance around ₹340–₹350, while support is observed near the lower 52‑week band at ₹270.
Chart Pattern
On the daily chart, a bullish Marubozu candle formed three sessions ago, preceded by a bullish engulfing pattern eight sessions back and a shooting‑star candle ten sessions ago. These formations reflect short‑term momentum shifts and potential reversal points in the price action.
Data Summary
Key metrics include a market‑capitalisation figure reported as ₹0 Cr, a P/B ratio of 0, and a P/E of 8.94. The stock’s 52‑week high is ₹392 and its low is ₹267, with the current price positioned at ₹315.7.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,322 | ₹17.9L Cr | 23.9 | 1.98 | 8.91 | 10.3 | 0.45 |
| ONGC Oil & Natural Gas Corporation Limited | ₹235 | ₹3.0L Cr | 6.75 | 0.79 | 11.6 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹415 | ₹2.6L Cr | 8.2 | 2.15 | 28.2 | 35 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹138 | ₹1.9L Cr | 5.77 | 0.89 | 20.5 | 18.7 | 0.74 |
| GAIL GAIL (India) Limited | ₹173 | ₹1.1L Cr | 11.5 | 1.28 | 8.71 | 9.67 | 0.25 |
| OIL Oil India Limited | ₹488 | ₹79K Cr | 9.51 | 1.37 | 12.2 | 11.5 | 0.64 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹357 | ₹76K Cr | 45.4 | 1.16 | 30.9 | 22.2 | 1.11 |
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
To consider Fund Raising
To consider and approve the financial results for the period ended Jun 30, 2026
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
Latest News
All newsBPCL management change announced
*BPCL management change announced* — Bharat Petroleum Corporation Limited has disclosed a change in its management team. The details of the individuals involved and their roles were not specified in the filing. Such changes may influence strategic direction and operational oversight. Investors may assess implications for governance and future decisions. 📊 *STOCKS:* BPCL | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #ManagementChange
BPCL to acquire Numaligarh Refinery in strategic expansion move
*BPCL to acquire Numaligarh Refinery in strategic expansion move.* The acquisition marks a significant step in BPCL’s growth strategy, enhancing its refining capacity by **10 MMTPA**. The deal, valued above **₹500Cr**, is expected to strengthen BPCL’s foothold in the Northeast region. Regulatory approvals are underway, with completion expected in H2 FY25. 📊 *STOCKS:* BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Acquisition
BPCL management change announced
*BPCL management change announced.* A shift in leadership could influence strategic direction. While operations remain stable, investors may reassess near-term outlook. No financial figures disclosed yet. 📊 *STOCKS:* BPCL | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #management
Iran-US tensions spark oil supply concerns for India
*Iran-US tensions spark oil supply concerns for India.* Global crude prices may rise due to geopolitical risks, impacting India’s energy import bill. However, diversified supply sources and strategic reserves may cushion the shock. LPG prices could see upward pressure if disruptions occur. 📊 *STOCKS:* IOCL | HPCL | BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Oil
Crude oil prices rise on US sanctions on Iran
*Crude oil prices rise on US sanctions on Iran.* Geopolitical tensions escalate as US sanctions restrict Iranian oil exports, reducing global supply. Crude futures surge to **$92/barrel**, impacting India’s import bill and inflation outlook. Refiners like IOC, HPCL, and BPCL may see margin pressures if prices remain elevated. 📊 *STOCKS:* IOC, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
Hormuz crisis threatens oil supply, prices may spike
*Hormuz crisis threatens oil supply, prices may spike*\nEscalating tensions in the Strait of Hormuz, a critical oil transit route, could disrupt hydrocarbon shipments. Crude oil prices may surge due to supply fears, impacting refiners and fuel costs. Indian PSU oil companies like **IOC**, **HPCL**, and **BPCL** could see volatility.\n\n📊 *STOCKS:* IOC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Oil
US ends Russian crude sanctions waiver affecting Indian refiners
*US ends Russian crude sanctions waiver affecting Indian refiners.* The expiry of the US waiver on Russian crude imports could raise costs for Indian refiners who have been buying discounted oil. This may squeeze margins as India may need to shift to costlier alternatives. **$20–30/barrel discount** previously availed is now at risk. 📊 *STOCKS:* IOCL, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
India's crude oil import sources face supply disruption risks
*India's crude oil import sources face supply disruption risks.* Middle East supplies **80%** of India's crude, making refiners vulnerable to geopolitical tensions. Any major disruption could spike input costs and widen CAD to **3.5%** of GDP. Refinery margins may compress by **15–20%** if alternative sources aren't secured. 📊 *STOCKS:* IOCL, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
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
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% 59.1% | 4.4% 12.0% | 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% 334.8% | 2.3% 61.7% | 6.0% 33.3% | 9.0% 190.3% | 3.1% 38.0% | 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 18.7% | ₹2.6K Cr 48.3% | ₹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 2.7% | ₹4.3K Cr 63.6% | ₹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 | 29.0% 9.4% | 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 10.6% | ₹65.2K Cr 8.2% | ₹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 17.7% | ₹58.4K Cr 9.5% | ₹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 34.1% | ₹35.9K Cr 188.3% | ₹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 82.3% | ₹-10.5K Cr 34.8% | ₹-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 67.5% | ₹26.4K Cr 566.4% | ₹4.0K Cr 68.7% | ₹12.6K Cr 12.2% | ₹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 FuelsPetroleum Products