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On 6 Nov 2026, Bharat Petroleum Corporation was priced at ₹319.90, or 8.7× trailing earnings, against an industry P/E of 14.3×, and the shares are 18% below their 52-week high. Sales fell 1.2% a year over 3 years while net profit grew 130%; its ROCE of 26% is the second-highest among the 7 largest Oil & Gas Refining & Marketing peers. Debt is 0.62× equity, and its dividend yield is 6.3%. It is a large-cap company with a market cap of ₹1.4 lakh crore, ranked 3rd of 20 Oil & Gas Refining & Marketing companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹312.90
Day high
₹319.90
Day low
₹308.60
Prev. close
₹317.10
Volume
60.7 L

Health check

3 good · 1 fair · 2 to check
  • ReturnsBehind

    −15.0% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 8.7 vs industry 14.3.

  • GrowthStrong

    Sales −1.2%, profit +129.7% a year over 3 years.

  • ProfitabilityStrong

    ROCE 26.4% vs peer median 20.5%.

  • Balance sheetFair

    Debt 0.62× equity, interest covered 12.8×, Piotroski 7 of 9.

  • Red flags1 to check

    Quarterly profit down 21.5% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas Refining & Marketing

19 listed peers. Screen the industry

Large cap

₹1.4L Cr, #3 of 20 in its industry by size.

Moves with the market

Beta 0.84 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Sep 2026: sales ₹5,38,088 Cr · profit ₹15,803 Cr
Market cap
₹1.4L Cr
Large cap
P/E
8.7
Industry 14.3
Price to book
1.35
Peers 1.81
Dividend yield
6.25%
ROE
16.2%
Peers 20.4%
ROCE
26.4%
Peers 20.5%
Debt to equity
0.62
Debt ₹63,075 Cr
EPS (TTM)
₹36.98
Face value ₹10
OPM (TTM)
3.4%
Net margin 2.9%
Sales growth
+42.1%
Latest quarter vs a year ago
Profit growth
−21.5%
Latest quarter vs a year ago
Price to sales
0.26
EV/EBITDA 7.0

Strengths and risks

Strengths

  • Return on capital employed of 26.4%.
  • Dividend yield of 6.25%.
  • Quarterly sales up 42.1% on a year ago.
  • P/E of 8.7 against an industry P/E of 14.3.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 21.5% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Bharat Petroleum Corporation

Bharat Petroleum Corporation Limited engages in refining crude oil and marketing petroleum products in India and internationally. It operates through two segments, Downstream Petroleum; and Exploration and Production of Hydrocarbons. The company operates fuel stations that sell motor spirits, high-speed diesel, compressed and liquefied natural gas, automotive liquefied petroleum gas (LPG), and lubricants; operate convenience stores, restaurants, and…

Headquarters
Mumbai
Employees
8,945
Sector
Energy
ISIN
INE029A01011
Website
bharatpetroleum.in

Price range

52 weeks

₹266.60₹391.65

Today

₹308.60₹319.90
Avg volume (3M)
50.8 L
1-year return
minus 15.0%
From 52-week high
minus 18.3%

Analyst consensus

31 analysts
BuyMean target ₹334.10 plus 4.4%

Target range, with today’s price

Low ₹249.00High ₹457.00

Next results expected around 21 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Oil & Gas Refining & Marketing

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
RELIANCEReliance Industries1,320.00plus 0.50%17,86,28621.810.79.0%11.2%0.446.4%minus 10.8%
IOCIndian Oil Corporation146.25plus 1.21%2,06,5234.33.820.5%7.3%0.58−2.2%minus 14.6%
BPCLBharat Petroleum Corporation319.90plus 0.88%1,38,7898.73.826.4%3.4%0.62−1.2%minus 15.0%
HINDPETROHindustan Petroleum Corporation387.15plus 1.87%82,37957.44.223.3%1.2%1.400.2%minus 21.6%
PETRONETPetronet LNG317.000.00%47,55010.37.121.2%16.0%0.09−9.7%plus 13.0%
AEGISLOGAegis Logistics1,141.10minus 3.77%40,05330.126.714.2%20.9%0.51−1.3%plus 55.4%
MRPLMangalore Refinery & Petrochemicals175.67plus 1.12%30,7887.06.119.0%6.3%0.60−6.7%minus 1.2%
CHENNPETROChennai Petroleum Corporation1,441.80plus 1.64%21,4703.84.433.4%9.5%0.16−6.0%plus 44.3%
Median of 7 peers–1.12%47,55010.36.120.5%9.5%0.51−2.2%−1.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,12,5511,19,0291,18,7011,51,2771,49,080
1,04,7621,09,3211,10,6551,57,4011,42,204
7,7899,7088,046−6,1246,876
6.9%8.2%6.8%−4.0%4.6%
1,9088535081,650675
758657705627991
−67.4−167−10.81,885–
8,8729,7377,838−3,2166,560
22.9%26.2%28.2%41.8%25.9%
6,8397,1885,625−1,8734,863
16.0116.8213.16-4.3811.38

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−1.2%
Profit CAGR 3Y
+129.7%
EPS CAGR 3Y
+129.4%
ROE
16.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,66,2584,46,6664,38,7384,50,303
–minus 4.2%minus 1.8%+2.6%
4,52,4664,02,2214,12,8504,04,878
13,79244,44525,88845,425
3.0%10.0%5.9%10.1%
1,8372,9103,5503,043
3,9304,1003,5552,949
6,3696,7717,2577,856
−2,509−288−444−2,872
2,82136,19418,18234,791
24.5%25.8%26.7%25.7%
2,13126,85913,33725,843
–+1160.4%minus 50.3%+93.8%
5.0063.0431.2160.49

EPS is shown as reported. The EPS CAGR above adjusts earlier years for the 2:1 on Jun 2024 split/bonus; dilution from new shares is not adjusted.

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,1292,1364,2734,273
51,39373,49977,11295,898
69,37654,59961,10154,424
65,24072,18475,89894,021
1,88,1382,02,4182,18,3822,48,616
90,45993,7001,00,2571,09,919
5,9218,92413,61718,091
8001,7791,7772,146
6,59010,26613,81919,636
84,36887,74988,91398,825
1,88,1382,02,4182,18,3822,48,616

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12,46635,97023,67850,769
−7,806−10,554−19,180−26,067
−4,402−25,427−6,241−24,940
257−12−1,743−238
−8,549−9,579−15,143−19,425
3,91726,3918,53531,344
−1,282−5,329−6,561−9,525

Shareholding pattern

Source: NSE filings
53.0%
promoters
  • Promoters52.98%
  • Public47.02%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202652.98%47.02%0.00
30 Jun 202652.98%47.02%0.00
31 Mar 202652.98%47.02%0.00
31 Dec 202552.98%47.02%0.00
30 Sep 202552.98%47.02%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you