Bharat Petroleum Corp LT
NSE: BPCL · Refineries & Marketing · sector
₹290.40NSE close 2026-10-26
Key numbers
Market cap₹1,24,076 cr
Price₹290.40
52w high / low₹392 / ₹267
P/E7.2xSector median 9.7x
P/B1.2xSector median 1.9x
Book value₹234.4
Dividend yield7.68%Sector median 2.19%
ROE18.9%Sector median 16.6%
ROCE17.2%Sector median 14.3%
OPM5.2%Sector median 7.6%
Debt / equity0.43xSector median 0.39x
EV/EBITDA5.1xSector median 9.3x
Interest cover8.8x
Current ratio0.79x
Sales growth 3y-0.7%Sector median -2.3%
Profit growth 3y+129.8%Sector median +6.6%
PEG0.06x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Refineries & Marketing (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹20,169 cr vs borrowings ₹43,482 cr (FY26): borrowings are higher by ₹23,313 cr.
- Operating profit covered interest 8.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 22% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹290.40 on 2026-10-26: -25.9% from the 52-week high, +8.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹386.35 · low ₹242.41
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,17,949 | 1,27,551 | 1,26,916 | 1,29,615 | 1,21,605 | 1,36,653 | 1,34,948 | 1,59,527 |
| EBITDA | 4,442 | 7,466 | 7,635 | 9,611 | 9,595 | 11,520 | 10,066 | -2,170 |
| OPM % | 3.8% | 5.9% | 6.0% | 7.4% | 7.9% | 8.4% | 7.5% | -1.4% |
| Other income | 697 | 608 | 805 | 750 | 953 | 646 | 951 | 1,249 |
| Net profit | 2,297 | 3,806 | 4,392 | 6,839 | 6,191 | 7,188 | 5,625 | -1,873 |
| EPS (₹) | 5.38 | 8.91 | 10.28 | 16.01 | 14.49 | 16.82 | 13.16 | -4.38 |
| Revenue YoY | +3.1% | +7.1% | +6.3% | +23.1% | ||||
| Profit YoY | +169.5% | +88.9% | +28.1% | -127.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,32,570 | 5,33,547 | 5,06,993 | 5,00,517 | 5,22,820 | 5,52,733 |
| EBITDA | 20,272 | 9,245 | 43,814 | 25,023 | 40,791 | 29,011 |
| Net profit | 11,682 | 2,131 | 26,859 | 13,337 | 25,843 | 17,132 |
| EPS (₹) | 27.45 | 5.00 | 63.04 | 31.21 | 60.49 | 40.09 |
| Revenue growth | +23.3% | -5.0% | -1.3% | +4.5% | +10.1% | |
| Profit growth | -81.8% | +1,160.4% | -50.3% | +93.8% | -1.2% | |
| Dividend / share (₹) | 33.00 | 6.00 | 25.00 | 15.50 | 22.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.7% | +11.4% | +10.1% |
| Net profit | +129.7% | +9.8% | -1.2% |
| EPS | +129.5% | +8.1% | – |
| Share price | – | -6.8% (2y) | -15.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 53,522 | 75,635 | 81,384 | 1,00,170 |
| Borrowings | – | 60,455 | 45,485 | 51,061 | 43,482 |
| Cash & equivalents | – | 6,852 | 10,577 | 14,139 | 20,169 |
| Total assets | – | 1,88,109 | 2,02,418 | 2,18,382 | 2,48,616 |
| Fixed assets | – | 84,465 | 84,718 | 86,594 | 91,701 |
| Capital work in progress | – | 5,645 | 8,680 | 13,240 | 16,394 |
| Investments | – | 800 | 1,779 | 1,777 | 2,146 |
| Receivables | – | 6,724 | 8,342 | 9,339 | 4,980 |
| Inventory | – | 38,069 | 42,836 | 45,265 | 53,304 |
| Payables | – | 24,024 | 28,306 | 30,634 | 42,654 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 20,336 | 12,466 | 35,936 | 23,678 | 50,769 |
| Cash from investing | -8,138 | -7,806 | -10,521 | -19,180 | -26,067 |
| Cash from financing | -17,672 | -4,402 | -25,427 | -6,241 | -24,940 |
| Capex | 7,751 | 8,627 | 9,693 | 15,143 | 19,425 |
| Free cash flow | 12,585 | 3,839 | 26,243 | 8,535 | 31,344 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.0% | 35.5% | 16.4% | 25.8% |
| ROCE % | – | 3.8% | 32.4% | 15.4% | 25.2% |
| Debtor days | – | 5 | 6 | 7 | 3 |
| Inventory days | – | 32 | 42 | 43 | 51 |
| Payable days | – | 20 | 27 | 29 | 41 |
| Cash conversion cycle (days) | – | 17 | 21 | 21 | 13 |
| Working capital days | – | -13 | -11 | -13 | -15 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.98% |
| FIIs | 16.66% |
| DIIs | 21.58% |
| of which Mutual funds | 9.13% |
| of which Insurance | 10.10% |
| Government | 0.86% |
| Public (non-institutions) | 7.93% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% | 52.98% |
| Promoter group | % |
|---|---|
| President of India | 52.98% |
| Public holders above 1% | % |
|---|---|
| Lici Ulip-growth Fund | 8.59% |
| ICICI Prudential India Opportunities Fund | 2.28% |
| NPS Trust- A/C SBI Pension Fund PVT Ltd APY Fund S | 2.21% |
| Teresa Raju Naidu | 1.52% |
| DSP Flexi CAP Fund | 1.16% |
10,05,816 shareholders. Pledged: 0.00% of promoter shares.
Peers in Refineries & Marketing
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| RELIANCE | ₹16,26,396 cr | 21.8x | 1.8x | 8.6% | 11.3% | 16.1% | +6.4% | 0.48% |
| IOC | ₹1,84,776 cr | 5.3x | 0.8x | 16.6% | 15.2% | 7.1% | -1.8% | 7.42% |
| BPCL | ₹1,24,076 cr | 7.2x | 1.2x | 18.9% | 17.2% | 5.2% | -0.7% | 7.68% |
| HINDPETRO | ₹73,080 cr | 43.8x | 1.1x | 2.9% | 1.4% | 1.4% | +0.9% | 4.51% |
| MRPL | ₹32,004 cr | 7.2x | 1.9x | 29.1% | 31.0% | 7.0% | -5.5% | 2.19% |
| CHENNPETRO | ₹22,655 cr | 5.4x | 2.0x | 43.2% | 43.4% | 7.0% | -4.7% | 0.85% |
| SANINFRA | ₹648 cr | 29.0x | 16.8x | 8.2% | 10.0% | 8.1% | -10.1% | – |
| RAJSEC | ₹463 cr | 3.7x | 4.0x | 87.1% | 77.8% | 37.3% | – | – |
| KOTYARK | ₹370 cr | 19.7x | 2.0x | 12.0% | 14.3% | 15.2% | – | 0.09% |
| RESGEN | ₹99 cr | 9.7x | 2.4x | 25.1% | 30.4% | 19.0% | +44.5% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Downstream Petroleum | ₹5,22,668 cr | 100.0% | ₹34,596 cr | 6.6% |
| Exploration & Production of Hydrocarbons | ₹152 cr | 0.0% | ₹-150 cr | -98.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-02-02 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2025-11-07 | Dividend | Interim Dividend - Rs 7.50 Per Share |
| 2025-07-31 | Dividend | Dividend - Rs 5 Per Share |
| 2025-01-29 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2024-08-09 | Dividend | Dividend - Rs 10.5 Per Share |
| 2024-06-21 | Bonus | Bonus 1:1 |
| 2023-12-12 | Dividend | Interim Dividend - Rs 21 Per Share |
| 2023-08-11 | Dividend | Dividend - Rs 4 Per Share |
| 2022-08-19 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2022-02-10 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2021-11-11 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 23 Per Share/Special Dividend - Rs 35 Per Share |
| 2021-03-25 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 16 Per Share |
| 2020-09-18 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend - Rs 16.50 Per Share |
| 2019-08-21 | Dividend | Dividend - Rs 8 Per Share |
| 2019-02-21 | Dividend | Interim Dividend Rs - 11 Per Share |
| 2018-08-31 | Dividend | Annual General Meeting/Dividend Rs- 7 Per Share |
| 2018-02-22 | Dividend | Interim Dividend - Rs 14 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Energy |
| Industry | Refineries & Marketing |
| Sub-industry | Refineries & Marketing |
| Symbol | BPCL |
| BSE code | 500547 |
| ISIN | INE029A01011 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.