Bharat Petroleum Corporation Ltd

About Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Ltd (BPCL) is a leading Indian public sector undertaking in the downstream oil and gas sector. It is involved in refining crude oil, marketing petroleum products, and distributing natural gas. BPCL operates a vast network of refineries, fuel depots, and retail outlets, catering to diverse energy needs across India and holding a significant market share.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Bharat Petroleum Corporation Ltd's P/E ratio (TTM) is 5.90, compared to the industry median of 16.53 and large cap median of 13.79.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Bharat Petroleum Corporation Ltd's P/B ratio is 1.37, compared to the industry median of 1.98 and large cap median of 1.68.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Bharat Petroleum Corporation Ltd's P/S ratio is 0.29, compared to the industry median of 0.94 and large cap median of 0.99.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Bharat Petroleum Corporation Ltd's PEG ratio is 0.64.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Bharat Petroleum Corporation Ltd's EV/EBITDA ratio is 3.22.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Bharat Petroleum Corporation Ltd's ROE is 25.80%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Bharat Petroleum Corporation Ltd's ROA is 16.57%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Bharat Petroleum Corporation Ltd's ROCE is 26%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Bharat Petroleum Corporation Ltd's operating margin is 9.05%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Bharat Petroleum Corporation Ltd's net margin is 5.68%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Bharat Petroleum Corporation Ltd's current ratio is 0.80.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Bharat Petroleum Corporation Ltd's debt-to-equity ratio is 0.33.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Bharat Petroleum Corporation Ltd's interest coverage ratio is 12.78.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Bharat Petroleum Corporation Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Bharat Petroleum Corporation Ltd's EPS is 93.79.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹317. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1977 (as Bharat Petroleum Corporation Ltd) (as Burmah Shell Refineries Ltd.)
• Headquarters: Mumbai, Maharashtra
• Core Offerings: Petroleum refining, Fuel marketing & distribution, Lubricants, Petrochemicals
• Stock Listing: NSE (BPCL), BSE (500547)
• Promoter: Government of India

History of Bharat Petroleum Corporation Ltd

Burmah Shell Oil Storage and Distributing Company of India Limited was incorporated in 1928. Its refining arm, Burmah Shell Refineries Ltd., was incorporated in 1952. In 1976, the Government of India took over Burmah Shell's operations, renaming it Bharat Refineries Ltd., which was subsequently renamed Bharat Petroleum Corporation Ltd. (BPCL) in 1977. Post-liberalisation, BPCL expanded its operations into LPG, lubricants, and natural gas distribution, growing into one of India's largest integrated oil refining and marketing companies today.

Business Segments and Revenue Mix

• Marketing of Petroleum Products: Operates an extensive network of over 21,000 retail outlets (petrol pumps), LPG distributorships, and sells industrial & commercial fuels, aviation turbine fuel, and lubricants across India. This segment contributes the vast majority of external revenue.
• Refining of Crude Oil: Operates three major refineries in Mumbai, Kochi, and Bina (through Bharat Oman Refineries Limited), processing crude oil into various petroleum products. While its external revenue contribution is small, it is critical for internal supply and overall profitability.
• Others: Includes businesses like petrochemicals, power generation, and gas distribution activities, contributing a smaller portion to the overall business.

Key Personnel

G. Krishnakumar (Chairman & Managing Director): An industry veteran with over three decades of experience at BPCL, he has held diverse portfolios including retail, lubricants, and strategy, leading critical business transformations.

Subsidiaries and Associate Companies

• Bharat PetroResources Ltd (Exploration & Production)
• Bharat Gas Resources Ltd (Natural Gas Infrastructure)
• BPCL Retail Investments Ltd
• BPCL Maldives Pvt Ltd

Corporate Actions

Bonus Issue: 1:2 ratio (1 bonus share for every 2 shares held) in June 2024.

References

1. BPCL Annual Report FY23 2. Exchange Filings (NSE/BSE) 3. Company Website & Investor Relations