Bharat Petroleum Corporation Limited (BPCL) AI Stock Analysis

• Market Cap: ₹1.35T
• Dividend Yield: 3.2%
• Average Volume (3M): 279.42K
• Price to Earnings (P/E): 7.7
• Beta (1Y): 1.15
• Revenue Growth: -1.89%
• EPS Growth: -8.61%
• Country: IN
• Employees: 8,506
• Sector: Energy
• Sector Strength: 58
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 14.33
• Shares Outstanding: 4,338,469,000
• 10 Day Avg. Volume: 189,412
• 30 Day Avg. Volume: 279,420
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹381.75
• Price Target Upside: 22.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 67 Neutral
• Price Target: ₹344.00 ▲(10.63% Upside)

BPCL's overall stock score reflects a stable financial foundation and attractive valuation, offset by bearish technical indicators. The company's operational efficiency and cash generation are strong, but challenges in revenue growth and leverage management remain. The lack of upward momentum in technical analysis suggests caution in the short term.

Bharat Petroleum Corporation Limited Business Overview & Revenue Model

Company Description

Bharat Petroleum Corporation Limited (BPCL) is a leading public sector oil and gas company in India, engaged in refining, marketing, and distribution of petroleum products. Headquartered in Mumbai, BPCL operates across upstream, midstream, and downstream sectors, providing a wide range of products including petrol, diesel, liquefied petroleum gas (LPG), industrial fuels, and lubricants. The company also invests in renewable energy projects and has a significant presence in natural gas distribution through its subsidiary companies.

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

BPCL exhibits a stable financial foundation with strengths in operational efficiency and cash generation. Challenges in revenue growth and potential risks in leverage are noted, but 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: Negative
• Last Price: 310.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BPCL, the sentiment is Negative. The current price of 310.95 is below the 20-day moving average (MA) of 318.65, below the 50-day MA of 326.08, and above the 200-day MA of 292.78, indicating a neutral trend. The MACD of -3.62 indicates Positive momentum. The RSI at 37.77 is Neutral, neither overbought nor oversold. The STOCH value of 8.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
BPCL	67 Neutral	₹1.35T	7.70		3.20%	-1.89%	-8.61%
RELIANCE	66 Neutral	₹18.75T	23.00		0.40%	5.54%	18.55%
Sector *	65 Neutral	$15.47B	7.30	3.02%	5.25%	4.27%	-62.52%
IOC	63 Neutral	₹1.96T	11.34		2.16%	-1.95%	-45.00%
CHENNPETRO	57 Neutral	₹96.68B	54.08		0.77%	-16.97%	-107.19%
HINDPETRO	55 Neutral	₹815.38B	7.98		2.75%	-1.06%	3.34%
MRPL	53 Neutral	₹217.15B	461.09		2.42%	-3.99%	-110.83%