Bharat Petroleum Corporation Limited (BPCL) AI Stock Analysis

• Market Cap: ₹1.41T
• Dividend Yield: 3.03%
• Average Volume (3M): 282.99K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 1.18
• Revenue Growth: -1.89%
• EPS Growth: -8.61%
• Country: IN
• Employees: 8,506
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 14.33
• Shares Outstanding: 4,338,469,000
• 10 Day Avg. Volume: 486,765
• 30 Day Avg. Volume: 282,992
• PEG Ratio: -0.18
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 14.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹382.63
• Price Target Upside: 15.88% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 71 Outperform
• Price Target: ₹351.00 ▲(6.30% Upside)

BPCL's overall stock score is driven by its stable financial performance and attractive valuation. The company's operational efficiency and cash generation are strong, although revenue growth challenges and leverage risks remain. Technical indicators show mixed signals, with short-term bearish momentum but long-term stability. The low P/E ratio and solid dividend yield enhance the stock's appeal.

Bharat Petroleum Corporation Limited Business Overview & Revenue Model

Company Description

Bharat Petroleum Corporation Limited refines crude oil and markets petroleum products in India. The company operates through two segments, Downstream Petroleum; and Exploration and Production of Hydrocarbons. It operates fuel stations that sell petrol, diesel, automotive liquefied petroleum gas (LPG), and compressed natural gas. The company operates a network of 18,622 fuel stations. It also provides Bharatgas fuels to approximately 8 crore households; MAK lubricants, such as automotive engine oils, gear oils, greases, and specialties, as well as industrial lubricants; and jet fuel and services to airlines, as well as operates oil refineries in Mumbai, Bina, and Kochi. In addition, the company offers industrial fuels products, such as white oil, black oil, bitumen, sulphur, petcoke, propylene, petchem, and solvents products; and bunkering facilities. Further, it has participating interests in eighteen blocks, including nine blocks in India and nine blocks in other countries; imports and exports petroleum products; and owns a network of 2,596 km of multi-product pipelines, as well as engages in the natural gas business. The company was formerly known as Bharat Refineries Limited and changed its name to Bharat Petroleum Corporation Limited in August 1977. Bharat Petroleum Corporation Limited was incorporated in 1952 and is based in Mumbai, India.

How the Company Makes Money

BPCL generates revenue primarily through the sale of petroleum products, which includes fuels such as petrol, diesel, and aviation turbine fuel. The company operates a network of retail outlets across India, ensuring extensive market reach. It also earns income from the sale of LPG to residential, commercial, and industrial consumers. In the upstream sector, BPCL has invested in oil and gas exploration and production assets, contributing to its revenue through crude oil and natural gas sales. Additionally, BPCL's refining operations, which convert crude oil into various marketable products, are a significant source of income. The company also engages in partnerships and joint ventures to expand its business interests, including collaborations in natural gas distribution and renewable energy sectors, further diversifying its revenue streams.

Bharat Petroleum Corporation Limited Financial Statement Overview

Summary

Bharat Petroleum Corporation Limited exhibits a stable financial foundation with strengths in operational efficiency and cash generation. While the company faces challenges in revenue growth and potential risks in leverage, the balance sheet and cash flow metrics reflect a strong capacity to sustain operations.

Income Statement

Bharat Petroleum Corporation Limited has shown a mixed performance in its income statement. The company's gross profit margin and net profit margin have fluctuated over the years, with a noticeable decline in the most recent year. There was a drop in total revenue from 2023 to 2025, indicating a potential challenge in maintaining revenue growth. However, the EBIT and EBITDA margins have shown stability, reflecting operational resilience.

Balance Sheet

BPCL's balance sheet reflects a strong equity base compared to its total assets, with a healthy equity ratio. The debt-to-equity ratio remains moderate, indicating manageable leverage levels. The return on equity has been relatively stable, suggesting efficient use of equity. However, the overall debt levels are significant, which could pose risks if not managed properly.

Cash Flow

The cash flow statement indicates strong operating cash flows, with consistent positive free cash flow over the years. The operating cash flow to net income ratio is robust, demonstrating effective cash generation relative to profit. However, fluctuations in free cash flow growth rate suggest potential variability in cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.27T	4.40T	4.48T	4.68T	3.47T	2.30T
Gross Profit	342.00B	442.09B	553.47B	189.01B	292.91B	269.04B
EBITDA	216.53B	277.08B	460.11B	109.57B	223.05B	290.67B
Net Income	104.95B	133.37B	268.59B	21.31B	116.81B	161.65B
Balance Sheet
Total Assets	2.18T	2.18T	2.02T	1.88T	1.88T	1.61T
Cash, Cash Equivalents and Short-Term Investments	141.39B	141.39B	60.14B	79.24B	66.01B	143.62B
Total Debt	611.01B	611.01B	545.99B	693.76B	645.34B	545.32B
Total Liabilities	1.37T	1.37T	1.27T	1.35T	1.36T	1.07T
Stockholders Equity	813.84B	813.84B	756.35B	535.22B	519.06B	535.55B
Cash Flow
Free Cash Flow	0.00	85.35B	263.57B	39.17B	125.85B	143.48B
Operating Cash Flow	0.00	236.78B	359.36B	124.66B	203.36B	235.54B
Investing Cash Flow	0.00	-191.80B	-105.21B	-78.06B	-81.38B	-25.73B
Financing Cash Flow	0.00	-62.41B	-254.27B	-44.02B	-176.72B	-139.81B

Bharat Petroleum Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 330.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BPCL, the sentiment is Positive. The current price of 330.2 is above the 20-day moving average (MA) of 318.80, above the 50-day MA of 322.76, and above the 200-day MA of 295.75, indicating a bullish trend. The MACD of 2.42 indicates Negative momentum. The RSI at 63.12 is Neutral, neither overbought nor oversold. The STOCH value of 68.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BPCL.

Bharat Petroleum Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RELIANCE	74 Outperform	18.82T	23.08	8.26%	0.40%	5.54%	18.55%
BPCL	71 Outperform	₹1.41T	8.03	―	3.03%	-1.89%	-8.61%
IOC	65 Neutral	2.09T	12.10	7.29%	2.02%	-1.95%	-45.00%
HINDPETRO	61 Neutral	877.73B	8.59	13.17%	2.47%	-1.06%	3.34%
CHENNPETRO	59 Neutral	112.59B	-61.12	2.61%	0.67%	-16.97%	-107.19%
MRPL	56 Neutral	227.49B	-78.65	0.43%	2.31%	-3.99%	-110.83%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Bharat Petroleum Corporation Limited Corporate Events

BPCL’s Strategic Outlook at 72nd AGM

Bharat Petroleum Corporation Limited held its 72nd Annual General Meeting, where the Chairman delivered a statement reflecting on the company’s performance and strategic direction. The announcement underscores BPCL’s commitment to maintaining its market position and addressing industry challenges, which could have significant implications for its operations and stakeholders.

BPCL Announces Investor Engagement Meeting

Bharat Petroleum Corporation Limited has announced a scheduled meeting with institutional investors and analysts as part of the ‘Build India, New India’ investors’ conference organized by Antique Stock Broking Ltd. The meeting, set for August 20, 2025, in Mumbai, is intended to engage stakeholders without discussing any unpublished price-sensitive information, indicating BPCL’s commitment to transparency and stakeholder engagement.