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NSE:BPCL

BHARAT PETROLEUM CORP LT

Oil Gas & Consumable Fuels › Petroleum Products·NIFTY 100NIFTY 200NIFTY 500NIFTY INDIA FPI 150+6
₹287.00
at close · 28 Oct 2026
▼ 8.60 (-2.91%)
ThemesDefence· growingElectric Vehicles· growingGreen Hydrogen· growingSolar Energy· growing

Latest filings

  1. Crisil reaffirms BPCL's top-tier credit ratings · Credit & Debt
  2. BPCL posts conference call recording for September 2026 quarter · Investor Communications
  3. BPCL Q2 FY27 profit falls despite stronger refining margins · Investor Communications
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Refines crude oil into transportation fuels and other petroleum products and markets them through a retail outlet network, bulk channels and LPG distribution. Downstream Petroleum accounts for essentially all segment revenue (₹5,22,668.25 cr in FY26) while Exploration & Production of Hydrocarbons contributes negligibly (₹152.16 cr) and ran at an EBIT loss. Q1 FY27 refining throughput was 10.15 MMT with a gross GRM of $41.41/bbl and total sales of 14.13 MMT; retail productivity was 1,570 KL per outlet per month. Materials — primarily crude oil — are the dominant cost at 40.9% of revenue, with other operating expenses adding 18.9%. Capital projects are expanding petrochemical capacity: Bina Petrochemical at 30.7% complete, PFCC Mumbai at 7% (commissioning September 2029), and Polypropylene Kochi at 40% (commissioning May 2028), with FY27 capex guidance of ₹25,000 crore. Crude sourcing has been diversified — spot share rose to 69% in Q1 FY27 (from 44% YoY) with Russian crude at 38% of procurement. An accumulated LPG under-recovery buffer of ₹15,804 crore awaits government disbursement.

Revenue mix · reported segments
Downstream Petroleum100.0%
Exploration & Production of Hydrocarbons0.0%
Operating scale
Refining throughput
10.15 MMTQ1 FY27
Gross GRM
$41.41/bblQ1 FY27
Total sales
14.13 MMTQ1 FY27
Retail outlet productivity
1,570 KL per outlet per monthQ1 FY27
FY27 capex guidance
₹25,000 crFY27
Spot crude procurement share
69% (vs 44% YoY)Q1 FY27
Who pays it
Indian retail consumers through fuel stations, bulk industrial buyers, LPG distributors and households
Biggest cost
Crude oil, captured in materials at 40.9% of revenue
Kind of business
Cyclical, asset-heavy refining and marketing of petroleum products with growing petrochemical and upstream exposure
Where it sits
A state-owned Indian oil marketing and refining company building petrochemical capacity and overseas upstream assets in Brazil and Mozambique
Market Cap
₹1.23 L Cr
P / E (TTM)
7.2×
EV / EBITDA
5.0×
Div Yield
7.77%
Growth
11.4%▲
Revenue 5y CAGR
PAT +8.3% · EBITDA +8.9%
Quality
16.4%▲
ROCE (5y median)
ROE 22.5% (5y median) · margin 8.4%
Leverage
0.43·
Debt / Equity · low
Net debt ₹43,162 Cr
Revenue FY21→FY26
1.7×▲
Margin −0.7 pts
₹3.04 L Cr → ₹5.23 L Cr
Cash conversion
1.79×▲
Operating cash ÷ profit · 5 yrs
₹1.43 L Cr on ₹79,851 Cr
Moves on a normal day
1.06%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 12 Refineries & Marketing peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/13
P/B#5/12
ROCE#3/12
ROE#4/11
Debt / Equity#8/12
EBITDA margin#9/11
Revenue growth#5/8
Profit growth#8/9

Scorecard

Measured from the filed financials, judged against its Refineries & Marketing peers · as of FY26 — not investment advice

Strengths
Returns on capital 16.4% (5-year median)
#3 of 12 in Refineries & Marketing on the latest reported figures
Over 5 years it reported ₹79,851 Cr of profit and ₹1.43 L Cr of operating cash — 1.79×
Profit is converting into cash
Pays out 37% of profit as dividend
Concerns
Erratic profits — up in only 2 of the last 5 years
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from BHARAT PETROLEUM CORP LT's filed financials and exchange disclosures

What does BHARAT PETROLEUM CORP LT do?

BHARAT PETROLEUM CORP LT is a Petroleum Products company listed on NSE and BSE, trading under the symbol BPCL.

Is BHARAT PETROLEUM CORP LT profitable?

Yes. Over the trailing twelve months BHARAT PETROLEUM CORP LT reported a net profit of ₹17,132 Cr on revenue of ₹5.53 L Cr.

Does BHARAT PETROLEUM CORP LT pay a dividend?

Yes. The dividend yield is 7.77% at the current price. It paid out 37% of its profit as dividend in FY26.

Is BHARAT PETROLEUM CORP LT debt-free?

No. It reported borrowings of ₹43,482 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹43,162 Cr after cash. Debt stands at 0.43× equity. That is higher than 64% of its 12 Refineries & Marketing peers.

Is BHARAT PETROLEUM CORP LT expensive compared with its peers?

On trailing P/E, BHARAT PETROLEUM CORP LT ranks 6 of 13 in Refineries & Marketing — cheaper than 58% of them, against an industry median of 8.0×. This is a position, not a valuation judgement.

How much does the BHARAT PETROLEUM CORP LT share price move in a day?

On a typical session BHARAT PETROLEUM CORP LT moves 1.06% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track BHARAT PETROLEUM CORP LT's announcements?

Every NSE and BSE filing by BHARAT PETROLEUM CORP LT appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.