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 3 quarters
| ₹ crore | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 163 | 230 | 341 |
| Profit before tax | 12 | 28 | 20 |
| Net profit | 9 | 21 | 15 |
| EPS (₹) | 1.83 | 4.04 | 2.87 |
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 | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Nov 2026 · Vice President Ajay Navaratne resigns for health reasons | management changes | medium | — | — |
| 6 Nov 2026 · Ajay Navaratne resigns as Vice President, Rubber Process Oil | management changes | low | — | — |
| 4 Nov 2026 · Postal ballot approves two independent directors and Rs 100 crore convertible debt issue | board shareholder meetings | low | — | — |
| 2 Nov 2026 · Three shareholder resolutions passed, including two independent director appointments | board shareholder meetings | low | — | — |
| 28 Oct 2026 · Q2 FY27 revenue up 124%, but QoQ margins and profits decline | investor communications | medium | — | — |
| 28 Oct 2026 · Newspaper publication of September 2026 quarterly and half-year results | compliance | minimal | — | — |
| 27 Oct 2026 · Arjun Verma elevated to Managing Director in leadership reshuffle | management changes | medium | — | — |
| 27 Oct 2026 · Q2 FY27 net profit jumps 179% as revenue rises 124% | compliance | low | — | — |
| 27 Oct 2026 · Q2 revenue up 123%, profit up 179%; half-year operating cash flow turns negative | results | high | — | — |
| 27 Oct 2026 · Q2 revenue up 124%, profit after tax up 179%, but cash flow turns negative | results | high | — | — |
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.