NSE: GULFPETRO · BSE: 532543
GP PETROLEUMS LIMITED
Manufactures specialty petroleum products, primarily rubber process oils and specialty oils, with manufacturing accounting for 83.4% of FY26 segment revenue at ₹535.68 crore. The trading segment contributes the remaining 16.6% at ₹106.93 crore. Manufacturing is also the main profit driver, generating EBIT of ₹38.46 crore in FY26 versus ₹1.44 crore from trading. The company operates a manufacturing facility at Raliawas, Haryana (where it has acquired adjoining land) and has been shifting its mix toward specialty manufacturing, with Q1 FY27 PAT of ₹20.6 crore on revenue of ₹230.3 crore attributed to this shift. Through its 50:50 joint venture Amron Oil Resources, it produces bitumen emulsions and modified bitumen for road and infrastructure use; the JV was selected by Indian Oil Corporation as operating partner for the Pipavav Bitumen Cell in Gujarat, with bulk bitumen dispatch beginning June 4, 2026. The single largest cost is raw materials, at 68.1% of FY26 revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing (83%), Trading (17%). Specialty petroleum manufacturing with a trading arm, exposed to base oil input costs.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 643 |
| EBITDA (ex other income) | 36 |
| margin % | 5.6 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 5.19 |
| ROE % · ROCE % | 7.5 · 10.2 |
| Debt / equity (x) | 0.06 |
| Cash from operations | 44 |
| Capex | (36) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY26 | Q1 FY27 |
|---|---|---|
| Revenue | 163 | 230 |
| Profit before tax | 12 | 28 |
| Net profit | 9 | 21 |
| EPS (₹) | 1.83 | 4.04 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Manufacturing | 146 | 89.6 |
| Trading | 17 | 10.4 |
| Total, before eliminations | 163 | 100.0 |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Sept 2026 · Resignation of Independent Director Ms. Sandra Martyres | management changes | medium | — | — |
| 21 Sept 2026 · Non-Executive Director Harshavardhan Sinha resigns from GP Petroleums | management changes | medium | — | — |
| 10 Sept 2026 · GP Petroleums updates Exclusivity Agreement with Incubit DMCC | strategic transactions | medium | — | — |
| 26 Aug 2026 · GP Petroleums signs Exclusivity Agreement with Incubit DMCC for potential acquisition | strategic transactions | high | — | — |
| 26 Aug 2026 · GP Petroleums 43rd AGM held; 8 resolutions passed including dividend | board shareholder meetings | low | — | — |
| 19 Aug 2026 · GP Petroleums defers NCD, OCD plan; signs acquisition exclusivity | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Communication regarding TDS on Final Dividend | compliance | minimal | — | — |
| 12 Aug 2026 · GP Petroleums board meeting rescheduled to Aug 19 to consider debt fundraising | fund raising | low | — | — |
| 7 Aug 2026 · Board to meet on Aug 14 to consider raising funds via debt securities | fund raising | medium | — | — |
| 7 Aug 2026 · GP Petroleums board to consider raising funds via debt on Aug 14 | fund raising | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.