Oil Gas & Consumable Fuels · NIFTY 500

Bharat Petroleum Corporation Limited

NSEBPCL BSE500547 ISININE029A01011 SeriesEQ Listed on NSE · BSE

₹311.50 -3.75 (-1.19%) Updated 12 Nov, 6:47 pm IST

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Price, daily close-14.22% in a year

Today

Open: ₹316.60
Prev close: ₹315.25
Day high: ₹316.75
Day low: ₹309.85
Volume: 73.95 L
Value traded: ₹231.44 Cr
Upper circuit: ₹319.60
Lower circuit: ₹301.00
52W high: ₹391.65
52W low: ₹266.60
1 month: +11.76%
6 months: +8.64%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹133,091 Cr

P/E (TTM)8.42

P/B1.31

Book value / share₹237.48

EPS (TTM)₹36.98

ROE15.6%

Dividend yield3.21%

Dividend (12m)₹10.00 / share

Net margin (TTM)2.7%

Operating margin5.7%

Debt / equity0.50

Current ratio0.69

EV / EBITDA6.48

Sales growth (YoY qtr)+29.78%

Profit growth (YoY qtr)-21.46%

Sales CAGR 3Y-0.67%

Profit CAGR 3Y+129.75%

Shares427.26 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1.30L3,181

Dec 23

1.32L4,790

Mar 24

1.28L2,842

Jun 24

1.18L2,297

Sep 24

1.28L3,806

Dec 24

1.27L4,392

Mar 25

1.30L6,839

Jun 25

1.22L6,191

Sep 25

1.37L7,188

Dec 25

1.35L5,625

Mar 26

1.60L-1,873

Jun 26

1.58L4,863

Sep 26

Revenue · QoQ (vs last quarter)

—+1.6%-3.0%-7.9%+8.1%-0.5%+2.1%-6.2%+12%-1.2%+18%-1.1%

Revenue · YoY (vs a year ago)

————-1.9%-3.9%+1.2%+3.1%+7.1%+6.3%+23%+30%

Net profit · QoQ (vs last quarter)

—+51%-41%-19%+66%+15%+56%-9.5%+16%-22%-133%+360%

Net profit · YoY (vs a year ago)

————+20%-8.3%+141%+170%+89%+28%-127%-21%

RevenueNet profitLine = trend

14.94

Dec 23

22.46

Mar 24

6.65

Jun 24

5.38

Sep 24

8.91

Dec 24

10.28

Mar 25

16.01

Jun 25

14.49

Sep 25

16.82

Dec 25

13.16

Mar 26

-4.38

Jun 26

11.38

Sep 26

EPS (₹) · YoY (vs a year ago)

————-40%-54%+141%+169%+89%+28%-127%-21%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	129,985	132,087	128,106	117,949	127,551	126,916	129,615	121,605	136,653	134,948	159,527	157,818
Other income	491	507	570	697	608	805	750	953	646	951	1,249	349
Total income	130,476	132,594	128,677	118,646	128,158	127,721	130,364	122,557	137,299	135,899	160,776	158,167
Raw material	56,211	56,553	58,848	57,604	50,823	58,045	53,686	51,990	53,681	54,264	90,588	74,969
Purchases	45,771	41,547	40,392	36,776	43,538	38,941	40,783	38,233	43,614	43,815	65,348	53,880
Employee cost	1,072	855	786	773	1,208	743	907	874	866	1,127	839	789
Other expenses	20,801	22,531	21,084	21,327	20,889	23,009	23,224	23,844	24,693	26,896	15,175	18,201
Total expenses	126,316	125,618	125,055	116,133	122,696	122,080	122,583	114,635	127,603	127,607	166,278	151,933
Operating profit	5,915	9,054	5,484	4,442	7,466	7,635	9,611	9,595	11,520	10,066	-2,170	8,973
OPM %	4.6%	6.9%	4.3%	3.8%	5.9%	6.0%	7.4%	7.9%	8.4%	7.5%	-1.4%	5.7%
Finance cost	700	967	889	923	861	919	758	833	657	705	627	991
Depreciation	1,830	1,722	1,686	1,779	1,810	1,982	1,889	1,958	1,979	2,031	2,069	2,097
Exceptional items	-284	-104	-142	-75.3	-59.5	-101	-67.4	-166	-167	-10.8	1,885	—
Profit before tax	3,876	6,872	3,480	2,438	5,403	5,539	7,714	7,757	9,530	8,281	-3,617	6,235
Tax	1,186	1,880	1,017	796	1,527	1,505	2,033	2,153	2,549	2,213	-1,343	1,697
Net profit	3,181	4,790	2,842	2,297	3,806	4,392	6,839	6,191	7,188	5,625	-1,873	4,863
Profit to shareholders	3,181	4,790	2,842	2,297	3,806	4,392	6,839	6,191	7,188	5,625	-1,873	4,863
EPS (₹)	14.94	22.46	6.65	5.38	8.91	10.28	16.01	14.49	16.82	13.16	-4.38	11.38

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

2.79L15,1739,009

FY18

3.30L7,0393,055

FY20

3.04L26,56216,165

FY21

4.33L20,27211,682

FY22

5.34L9,2452,131

FY23

5.07L43,81426,859

FY24

5.01L25,02313,337

FY25

5.23L40,79125,843

FY26

Revenue · YoY (vs a year ago)

——-7.7%+42%+23%-5.0%-1.3%+4.5%

Net profit · YoY (vs a year ago)

——+429%-28%-82%+1,160%-50%+94%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	279,313	329,797	304,266	432,570	533,547	506,993	500,517	522,820
Other income	1,783	1,929	2,253	2,269	1,498	2,235	2,685	3,299
Total expenses	268,211	328,165	289,028	421,472	532,773	473,831	485,964	492,428
Employee cost	3,749	4,021	4,856	3,408	2,775	3,577	3,510	3,774
Operating profit	15,173	7,039	26,562	20,272	9,245	43,814	25,023	40,791
OPM %	5.4%	2.1%	8.7%	4.7%	1.7%	8.6%	5.0%	7.8%
Finance cost	1,186	2,637	1,723	2,606	3,745	4,149	3,591	2,953
Depreciation	2,885	4,080	4,334	5,434	6,369	6,771	7,257	7,856
Profit before tax	12,885	2,251	22,758	14,501	629	35,129	16,860	33,280
Tax	4,382	-14.2	5,112	4,355	690	9,336	4,846	8,948
Tax rate %	34.0%	-0.6%	22.5%	30.0%	109.7%	26.6%	28.7%	26.9%
Net profit	9,792	3,666	17,320	11,682	2,131	26,859	13,337	25,843
Profit to shareholders	9,009	3,055	16,165	11,682	2,131	26,859	13,337	25,843
Net margin %	3.2%	0.9%	5.3%	2.7%	0.4%	5.3%	2.7%	4.9%
EPS (₹)	45.80	15.53	81.60	54.91	10.01	126.08	31.21	60.49

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

53,52260,4552,313

Mar 23

75,63545,4852,301

Mar 24

81,38451,061558

Mar 25

1.00L43,482320

Mar 26

1.01L51,218376

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+41%+7.6%+23%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	53,522	75,635	81,384	100,170	101,464
Long-term borrowings	41,369	26,877	26,528	22,203	15,984
Short-term borrowings	19,085	18,608	24,533	21,279	35,233
Total borrowings	60,455	45,485	51,061	43,482	51,218
Current liabilities	74,842	80,883	90,672	105,452	122,670
Fixed assets (PPE)	84,465	84,718	86,594	91,701	93,511
Inventories	38,069	42,836	45,265	53,304	58,636
Trade receivables	6,724	8,342	9,339	4,980	7,865
Cash & equivalents	2,313	2,301	558	320	376
Current assets	55,996	65,652	72,800	83,665	84,693
Total assets	188,109	202,418	218,382	248,616	261,519
Debt / equity	1.13	0.60	0.63	0.43	0.50

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

20,336-8,138-17,672

FY22

12,466-7,806-4,402

FY23

35,936-10,521-25,427

FY24

23,678-19,180-6,241

FY25

50,769-26,067-24,940

FY26

Operations · YoY (vs a year ago)

—-39%+188%-34%+114%

OperationsInvestingFinancingLine = trend

₹ 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
Spent on fixed assets	-7,410	-7,444	-8,839	-13,343	-15,956
Free cash flow	12,925	5,021	27,097	10,335	34,813
Net cash flow	-5,474	257	-12.0	-1,743	-238

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

53.0%Mar 24

53.0%Jun 24

53.0%Sep 24

53.0%Dec 24

53.0%Mar 25

53.0%Jun 25

53.0%Sep 25

53.0%Dec 25

53.0%Mar 26

53.0%Jun 26

53.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

53.0%promoter

Promoter & group: 52.98%
Public (FIIs, mutual funds, retail…): 47.02%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Interim Dividend - Rs 10 Per ShareEx 02-Feb-2026
Interim Dividend - Rs 7.50 Per ShareEx 07-Nov-2025
Dividend - Rs 5 Per ShareEx 31-Jul-2025
Interim Dividend - Rs 5 Per ShareEx 29-Jan-2025
Dividend - Rs 10.5 Per ShareEx 09-Aug-2024
Bonus 1:1Ex 21-Jun-2024
Interim Dividend - Rs 21 Per ShareEx 12-Dec-2023
Dividend - Rs 4 Per ShareEx 11-Aug-2023

Board meetings

the financial results for the period ended September 30, 202623-Oct-2026
BHARAT PETROLEUM CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 23-Oct-2026 to inter-alia consider and approve the U…23-Oct-2026
Fund Raising18-Aug-2026
Fund raising.18-Aug-2026
the financial results for the period ended Jun 30, 202622-Jul-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates11 Nov
Updates6 Nov
Change in Director(s)4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates30 Oct
Credit Rating27 Oct
Analysts/Institutional Investor Meet/Con. Call Updates26 Oct
Analysts/Institutional Investor Meet/Con. Call Updates23 Oct

Latest news

BPCL Standalone September 2026 Net Sales at Rs 149,041.05 crore, up 42.06% Y-o-YMoneycontrol.com · 12 Nov, 2:33 pm BPCL Outlook for the WeekEquitypandit · 8 Nov, 1:30 pm JPMorgan flags further boost to OMCs in case oil prices cool further; Check out its top picksCNBC TV18 · 12 Nov, 12:28 pm Bharat Petroleum to hold investor meets in Mumbai from Nov 16scanx.trade · 11 Nov, 7:01 pm Crude oil at 2-month low: HPCL, BPCL, Asian Paints, IndiGo shares rally; here's whyUpstox · 11 Nov, 7:41 am BPCL Deletes Posts After Pro E20 Content BacklashDeccan Chronicle · 10 Nov, 6:43 pm Bharat Petroleum (NSEI:BPCL) Stock Forecast & Analyst PredictionsSimply Wall St · 2 Nov, 1:30 pm Bharat Petroleum Corporation Limited Stock 12‑Month Price Target Raised to INR 336, Implies 9% UpsideTradingView · 14 Jul, 12:30 pm

About

About Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. BPCL was ranked 309th on the Fortune Global 500 list of the world's biggest corporations in 2020, and 1052nd on Forbes Global 2000 in 2023.

From Wikipedia (CC BY-SA 4.0).

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Company details

Company name: Bharat Petroleum Corporation Limited
NSE symbol: BPCL
BSE scrip code: 500547
ISIN: INE029A01011
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 13 Sep 1995
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 427.26 crore
Index: NIFTY 500
Sector (NSE): Oil Gas & Consumable Fuels
Industry: Oil Refining/Marketing
Managing director / CEO: Sanjay Khanna
Chair: Sanjay Khanna
Headquarters: Mumbai, Maharashtra, India
Founded: 1903
Employees: 41,513
Financial year: April to March
Results basis: Consolidated
Website: bharatpetroleum.in

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Bharat Petroleum Corporation Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers