GP Petroleums (GULFPETRO) had a P/E of 6.4× on 6 Nov 2026, below the industry P/E of 14.3×, and the shares are 14% below their 52-week high. Its ROCE of 10% is the second-lowest among the 7 largest Oil & Gas Refining & Marketing peers, and sales fell 6.7% a year over 3 years while net profit grew 1.7%. Its dividend yield is 0.8%, and debt is 0.11× equity. It is a small-cap company with a market cap of ₹320 Cr, ranked 14th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares rose 61% over the past year.
- ₹64.58
- ₹65.00
- ₹61.36
- ₹64.58
- 58.3K
Health check
- ReturnsAhead
+61.2% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 6.4 vs industry 14.3.
- GrowthSlow
Sales −6.7%, profit +1.7% a year over 3 years.
- ProfitabilityWeak
ROCE 10.1% vs peer median 20.5%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 25.5×, Piotroski 6 of 9.
- Red flags1 to check
Promoter stake down from 41.2% to 37.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹320 Cr
- Small cap
- P/E
- 6.4
- Industry 14.3
- Price to book
- 0.83
- Peers 1.81
- Dividend yield
- 0.80%
- ROE
- 13.7%
- Peers 17.3%
- ROCE
- 10.1%
- Peers 20.5%
- Debt to equity
- 0.11
- Debt ₹43 Cr
- EPS (TTM)
- ₹9.77
- Face value ₹5
- OPM (TTM)
- 7.4%
- Net margin 5.5%
- Sales growth
- +123.7%
- Latest quarter vs a year ago
- Profit growth
- +167.9%
- Latest quarter vs a year ago
- Price to sales
- 0.35
- EV/EBITDA 4.9
Strengths and risks
Strengths
- Quarterly profit up 167.9% on a year ago.
- Quarterly sales up 123.7% on a year ago.
- P/E of 6.4 against an industry P/E of 14.3.
Risks to check
- Promoter stake down from 41.2% to 37.0%.
About GP Petroleums
GP Petroleums Limited formulates, manufactures, and markets industrial and automotive lubricants, rubber process oils, transformer oils, greases, and other specialties in India. It operates through Industrial Lubricants, Rubber Process Oils, Automotive Lubricants, and Trading (Bitumen and Others) segments. The company offers automotive lubricants, including automotive and diesel engine oils, gear and transmission oils, greases, passenger car motor and…
- Headquarters
- Mumbai
- Employees
- 258
- Sector
- Energy
- ISIN
- INE586G01017
- Website
- gppetroleums.co.in
Price range
- Avg volume (3M)
- 1.9 L
- 1-year return
- plus 61.2%
- From 52-week high
- minus 13.7%
Peers · Oil & Gas Refining & Marketing
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCEReliance Industries | 1,320.00 | plus 0.50% | 17,86,286 | 21.8 | 10.7 | 9.0% | 11.2% | 0.44 | 6.4% | minus 10.8% |
| IOCIndian Oil Corporation | 146.25 | plus 1.21% | 2,06,523 | 4.3 | 3.8 | 20.5% | 7.3% | 0.58 | −2.2% | minus 14.6% |
| BPCLBharat Petroleum Corporation | 319.90 | plus 0.88% | 1,38,789 | 8.7 | 3.8 | 26.4% | 3.4% | 0.62 | −1.2% | minus 15.0% |
| HINDPETROHindustan Petroleum Corporation | 387.15 | plus 1.87% | 82,379 | 57.4 | 4.2 | 23.3% | 1.2% | 1.40 | 0.2% | minus 21.6% |
| PETRONETPetronet LNG | 317.00 | 0.00% | 47,550 | 10.3 | 7.1 | 21.2% | 16.0% | 0.09 | −9.7% | plus 13.0% |
| AEGISLOGAegis Logistics | 1,141.10 | minus 3.77% | 40,053 | 30.1 | 26.7 | 14.2% | 20.9% | 0.51 | −1.3% | plus 55.4% |
| MRPLMangalore Refinery & Petrochemicals | 175.67 | plus 1.12% | 30,788 | 7.0 | 6.1 | 19.0% | 6.3% | 0.60 | −6.7% | minus 1.2% |
| GULFPETROGP Petroleums | 62.73 | minus 2.86% | 320 | 6.4 | 7.9 | 10.1% | 7.5% | 0.07 | −6.7% | plus 61.2% |
| Median of 7 peers | – | 0.88% | 82,379 | 10.3 | 6.1 | 20.5% | 7.3% | 0.58 | −1.3% | −10.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 152 | 169 | 163 | 230 | 341 | |
| 145 | 162 | 151 | 203 | 321 | |
| 7 | 7.4 | 11.8 | 27.5 | 20.1 | |
| 4.6% | 4.4% | 7.2% | 12.0% | 5.9% | |
| 0.8 | 2.1 | 2.2 | 0.8 | 0.7 | |
| 0.5 | 0.4 | 0.4 | 0.7 | 1.2 | |
| – | −1.9 | −1.3 | – | – | |
| 7.4 | 7.1 | 12.3 | 27.6 | 19.7 | |
| 25.9% | 26.6% | 23.9% | 25.5% | 25.5% | |
| 5.5 | 5.2 | 9.3 | 20.6 | 14.7 | |
| 1.07 | 1.03 | 1.83 | 4.04 | 2.87 |
Profit & loss
- Sales CAGR 3Y
- −6.7%
- Profit CAGR 3Y
- +1.7%
- EPS CAGR 3Y
- +1.7%
- ROE
- 13.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 790 | 655 | 609 | 641 | |
| – | minus 17.1% | minus 7.0% | +5.3% | |
| 751 | 615 | 569 | 603 | |
| 38.7 | 40.2 | 39.6 | 38.7 | |
| 4.9% | 6.1% | 6.5% | 6.0% | |
| 4.6 | 1.4 | 0.8 | 3.3 | |
| 2.8 | 0.4 | 1.4 | 1.4 | |
| 3.6 | 4.5 | 4.7 | 4.3 | |
| −2.3 | 0.6 | 1.2 | −1 | |
| 34.7 | 37.2 | 35.5 | 35.3 | |
| 27.3% | 25.4% | 25.8% | 25.1% | |
| 25.2 | 27.7 | 26.3 | 26.5 | |
| – | +10.0% | minus 5.0% | +0.6% | |
| 4.94 | 5.44 | 5.16 | 5.19 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.5 | 25.5 | 25.5 | 25.5 | |
| 251 | 278 | 303 | 330 | |
| 31 | 17.6 | 33.3 | 23.3 | |
| 38.1 | 43 | 43.7 | 51.7 | |
| 345 | 364 | 406 | 430 | |
| 71 | 72.9 | 69 | 73.6 | |
| 7.1 | 0.1 | 0 | 13.8 | |
| 1.3 | 1.3 | 1.4 | 0.5 | |
| 0.1 | 27.7 | 34 | 36.9 | |
| 266 | 262 | 302 | 305 | |
| 345 | 364 | 406 | 430 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.4 | 54.9 | −8.4 | 43.7 | |
| 5.5 | −36.4 | −6.4 | −32.8 | |
| −17 | −17.4 | 13.7 | −8.5 | |
| −0.1 | 1.2 | −1.2 | 2.4 | |
| −1.2 | −11.9 | −0.8 | −36.3 | |
| 10.2 | 43.1 | −9.2 | 7.4 |
Shareholding pattern
- Promoters37.05%
- Public62.95%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 37.05% | 62.95% | 0.00 | |
| 30 Jun 2026 | 37.05% | 62.95% | 0.00 | |
| 31 Mar 2026 | 37.05% | 62.95% | minus 4.18 | |
| 31 Dec 2025 | 41.23% | 58.77% | 0.00 | |
| 30 Sep 2025 | 41.23% | 58.77% | – |
Major shareholders
Filings & events
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