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Bharat Petroleum Corporation Limited (BPCL.NS)

INR307.55 -2.20 (-0.71%)
IN NSE Energy Oil & Gas Refining & Marketing
Address Bharat Bhavan 400001
Mumbai, IN
CEO Sanjay Khanna
Website bharatpetroleum.in
IPO 1996-01-02
ISIN INE029A01011

Explore sections of this company profile

Also trades on Bombay Stock Exchange · BPCL.BO (INR) National Stock Exchange of India · BPCL.NS (INR)
Description

Bharat Petroleum Corporation Limited (BPCL), an Indian energy conglomerate headquartered in Mumbai, traces its origins to 1952, operating initially as Bharat Refineries Limited before adopting its current name in August 1977. At its core, the company refines crude oil and distributes a broad spectrum of petroleum products throughout India. Its operations are structured into two principal divisions: Downstream Petroleum and Exploration and Production of Hydrocarbons. BPCL commands a vast retail network of 18,622 fuel stations, supplying petrol, diesel, automotive liquefied petroleum gas (LPG), and compressed natural gas (CNG) to consumers. Beyond road transportation fuels, it delivers Bharatgas to approximately 80 million households and markets its comprehensive range of MAK lubricants, catering to both automotive (including engine oils, gear oils, and greases) and industrial requirements. The company is also a significant provider of jet fuel and ancillary services to airlines and operates strategically located oil refineries in Mumbai, Bina, and Kochi. Its diverse product offerings for industrial clients include white oil, black oil, bitumen, sulphur, petcoke, propylene, petrochemicals, and solvents, in addition to offering bunkering services. BPCL's upstream involvement encompasses participating interests in eighteen hydrocarbon blocks, with an equal division between domestic and international ventures. Furthermore, it engages in the import and export of petroleum products, manages a 2,596 km multi-product pipeline infrastructure, and is active in the natural gas sector.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR307.55 -2.20 (-0.71%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.90
Float Shares
1.85B
Free Float %
42.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.55% +0.26% -7.06% -19.81% -19.42% -23.50% -6.12% +62.47% +29.18% +91.47% +2,912.82%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
307.55
DCF (Unlevered) 651.09 +111.7%
DCF (Levered) 750.32 +144.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 58% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 11 -3
Hold 6 0
Sell 5 0
Strong Sell 2 0
Quality scores
Altman Z-Score
2.71
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
1 / 5
Low
Operational MOAT
✓ MOAT relativo
  • ✗
    Revenue growth Oil & Gas Refining & Marketing: -1.3%
    +3.4% ★ Q1'26: +6.7% (vs Q1'25)
  • ✓
    EPS growth Oil & Gas Refining & Marketing: +42.8%
    +93.8% ★ Q1'26: +28.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Oil & Gas Refining & Marketing: +92.2%
    +7.1% ★ Q1'26: +14.8% (vs Q1'25)
  • ✗
    EBIT margin Oil & Gas Refining & Marketing: +4.6%
    +7.7% ★ Q1'26: +6.8% (vs Q1'25)
  • ✓
    ROIC Oil & Gas Refining & Marketing: +5.9%
    +19.3% ★ Q1'26: +17.2% (vs Q1'25)
  • ✓
    Share dilution Oil & Gas Refining & Marketing: +0.0%
    0.0% ★ Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Oil & Gas Refining & Marketing: 0.89×
    1.27× ★ Q1'26: 1.35× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.46) × ERP
WACC = 70% × Ke + 30% × Kd (5.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 1,327.07 Current price: 307.55
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
17 Rev. Ana.
13 EPS Ana. 		Mar 2027
16 Rev. Ana.
13 EPS Ana. 		Mar 2028
16 Rev. Ana.
12 EPS Ana. 		Mar 2029
11 Rev. Ana.
10 EPS Ana.
Revenue
1.18T
est: 1.14T (+3.7%)
1.44T
est: 1.47T (-2.5%)
1.92T
est: 2.03T (-5.6%)
2.20T
est: 2.45T (-10.6%)
2.45T
est: 2.77T (-11.5%)
2.42T
est: 2.37T (+2.2%)
1.86T
est: 1.81T (+2.9%)
2.00T
est: 2.00T (-0.1%)
2.35T
est: 2.31T (+1.6%)
2.97T
est: 3.09T (-3.9%)
2.84T
est: 2.84T (+0.0%)
2.30T
est: 2.22T (+3.6%)
3.47T
est: 3.55T (-2.4%)
4.68T
est: 4.78T (-2.2%)
4.48T
est: 4.50T (-0.5%)
4.40T
est: 4.42T (-0.5%)
4.34T
3.93T – 5.24T
-1.9% YoY
4.94T
4.25T – 6.47T
+13.9% YoY
4.92T
4.89T – 4.95T
-0.5% YoY
4.81T
4.13T – 6.30T
-2.1% YoY
EBITDA
53.41B
est: 315.20M (+16,846.1%)
59.86B
est: 63.73B (-6.1%)
62.62B
est: 58.51B (+7.0%)
81.58B
est: 72.86B (+12.0%)
106.96B
est: 98.61B (+8.5%)
118.40B
est: 64.09B (+84.7%)
144.55B
est: 82.89B (+74.4%)
155.55B
est: 154.21B (+0.9%)
168.83B
est: 194.53B (-13.2%)
169.65B
est: 230.19B (-26.3%)
84.43B
est: 144.25B (-41.5%)
290.67B
est: 42.75B (+580.0%)
223.05B
est: 61.94B (+260.1%)
109.57B
est: 65.52B (+67.2%)
460.11B
est: 342.03B (+34.5%)
277.08B
est: 359.97B (-23.0%)
329.63B
298.50B – 398.05B
-8.4% YoY
375.43B
322.35B – 491.59B
+13.9% YoY
373.57B
371.27B – 375.88B
-0.5% YoY
365.55B
313.87B – 478.66B
-2.1% YoY
EBIT
38.97B
est: 28.77B (+35.4%)
40.95B
est: 25.59B (+60.0%)
38.52B
est: 44.01B (-12.5%)
56.95B
est: -13.94B (+508.5%)
80.85B
est: -4.49B (+1,901.9%)
88.13B
est: 70.56B (+24.9%)
123.83B
est: 51.35B (+141.2%)
134.47B
est: 118.03B (+13.9%)
139.98B
est: 138.01B (+1.4%)
135.47B
est: 170.68B (-20.6%)
43.63B
est: 113.67B (-61.6%)
247.33B
est: 36.18B (+583.7%)
168.71B
est: 52.42B (+221.8%)
45.89B
est: 55.45B (-17.2%)
392.40B
est: 270.22B (+45.2%)
204.51B
est: 284.39B (-28.1%)
260.41B
235.82B – 314.47B
-8.4% YoY
296.60B
254.67B – 388.37B
+13.9% YoY
295.14B
293.31B – 296.96B
-0.5% YoY
288.80B
247.97B – 378.16B
-2.1% YoY
Net Income
16.32B
est: 5.36B (+204.8%)
16.35B
est: 21.14B (-22.7%)
7.81B
est: 22.33B (-65.0%)
18.81B
est: 9.40B (+100.1%)
39.11B
est: 21.23B (+84.2%)
48.07B
est: 37.02B (+29.8%)
75.85B
est: 36.54B (+107.6%)
87.21B
est: 82.13B (+6.2%)
90.09B
est: 102.95B (-12.5%)
78.02B
est: 119.93B (-34.9%)
30.55B
est: 71.81B (-57.5%)
161.65B
est: 22.19B (+628.4%)
116.82B
est: 32.16B (+263.2%)
21.31B
est: 34.02B (-37.4%)
268.59B
est: 190.56B (+40.9%)
133.37B
est: 173.34B (-23.1%)
253.17B
211.93B – 293.72B
+46.1% YoY
187.78B
60.70B – 213.26B
-25.8% YoY
187.58B
126.97B – 257.03B
-0.1% YoY
108.54B
88.59B – 152.20B
-42.1% YoY
SGA
30.43B
est: 42.12B (-27.8%)
47.21B
est: 94.89B (-50.2%)
3.58B
est: 81.70B (-95.6%)
3.94B
est: 39.85B (-90.1%)
5.91B
est: 45.17B (-86.9%)
25.75B
est: 71.33B (-63.9%)
8.04B
est: 58.44B (-86.2%)
7.79B
est: 77.43B (-89.9%)
13.25B
est: 83.57B (-84.1%)
13.64B
est: 101.69B (-86.6%)
7.98B
est: 86.09B (-90.7%)
6.93B
est: 59.01B (-88.3%)
7.51B
est: 85.51B (-91.2%)
9.16B
est: 90.45B (-89.9%)
10.34B
est: 10.91B (-5.2%)
11.73B
est: 11.48B (+2.2%)
10.51B
9.52B – 12.69B
-8.4% YoY
11.97B
10.28B – 15.67B
+13.9% YoY
11.91B
11.84B – 11.98B
-0.5% YoY
11.66B
10.01B – 15.26B
-2.1% YoY
EPS
3.77
est: 7.90 (-52.3%)
3.77
est: 7.87 (-52.1%)
1.80
est: 6.45 (-72.1%)
4.34
est: 8.42 (-48.5%)
9.01
est: 9.90 (-9.0%)
11.08
est: 7.07 (+56.7%)
19.28
est: 14.02 (+37.5%)
22.17
est: 17.54 (+26.4%)
22.90
est: 17.70 (+29.4%)
19.83
est: 16.55 (+19.8%)
7.77
est: 10.65 (-27.0%)
40.93
est: 20.30 (+101.6%)
27.45
est: 22.22 (+23.5%)
5.00
est: -0.43 (+1,276.1%)
63.04
est: 44.69 (+41.1%)
31.21
est: 30.87 (+1.1%)
58.66
49.59 – 68.74
+90.0% YoY
33.66
14.20 – 49.91
-42.6% YoY
40.19
29.71 – 60.15
+19.4% YoY
25.40
20.73 – 35.62
-36.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-04-29 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-15 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-19.09B
OE per share TTM
-4.46
Owner's Yield
-1.52%
Maintenance CapEx ratio
1.79%
Maint CapEx / Avg PPE
22.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
41.14M
Shares Outstanding
4.34B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sanjay Khanna MD & Chairman 13M male
Vetsa RamaKrishna Gupta Director of Finance & Director 12M male
Raj Kumar Dubey Director of Human Resources & Director 9M male
Vaidyanathan Kala Company Secretary & Compliance Officer 4M female
Pardeep Goyal Head of Retail Business — male
Pawan Pathak Senior Vice President of Product — male
Akash Tiwari Business Head (Non-Fuel Solutions) — male
Subhankar Sen Executive Director and Director of Marketing & HR — male
R. Ranjan Nair Chief General Manager of Marketing Corporate & Infrastructure — male
Captain J. Mohan Vice President of Administration, Co-Ordination & Liaison — —
Kani Amudhan N. Chief Procurement Officer (CPO Mktg.) — male
Kumar Pankaj Executive Director of Corporate Finance — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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