Bharat Petroleum Corporation Limited (BPCL) AI Stock Analysis

• Market Cap: ₹1.60T
• Dividend Yield: 4.82%
• Average Volume (3M): 327.79K
• Price to Earnings (P/E): 7.4
• Beta (1Y): 1.08
• Revenue Growth: -1.35%
• EPS Growth: 61.80%
• Country: IN
• Employees: 8,506
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 15.08
• Shares Outstanding: 4,338,469,000
• 10 Day Avg. Volume: 205,514
• 30 Day Avg. Volume: 327,792
• 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: ₹391.67
• Price Target Upside: 7.88% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹404.00 ▲(11.28% Upside)

BPCL's overall stock score is driven by strong technical indicators and a solid valuation, indicating potential for price appreciation. The company's stable financial performance supports its operational resilience, although challenges in revenue growth and leverage management remain areas to watch.

Positive Factors

Operational Efficiency

BPCL's operational efficiency ensures effective cost management and resource utilization, supporting long-term profitability and competitiveness.

Cash Generation

Strong cash generation provides BPCL with financial flexibility to invest in growth opportunities and weather economic fluctuations.

Balance Sheet Health

A strong balance sheet with a healthy equity ratio ensures BPCL's ability to meet obligations and invest in strategic initiatives.

Negative Factors

Revenue Growth Challenges

Declining revenue growth may impact BPCL's ability to expand market share and invest in new projects, affecting long-term growth prospects.

Leverage Risks

High debt levels can limit BPCL's financial flexibility and increase vulnerability to interest rate changes, impacting long-term stability.

Profit Margin Fluctuations

Fluctuating profit margins may indicate challenges in cost control and pricing power, potentially affecting BPCL's profitability and market position.

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 through several key streams: the sale of refined petroleum products such as petrol, diesel, and LPG, which account for a significant portion of its earnings. The company also earns income from the sale of lubricants and petrochemical products. Additionally, BPCL benefits from its extensive network of retail outlets and fuel stations, which facilitate direct consumer sales. The company has significant partnerships with various entities, including government agencies and private sector companies, to expand its distribution capabilities and enhance its service offerings. Factors contributing to BPCL's earnings include the fluctuating prices of crude oil, government policies on fuel pricing, and the overall demand for energy in India.

Bharat Petroleum Corporation Limited Financial Statement Overview

Summary

BPCL exhibits a stable financial foundation with strengths in operational efficiency and cash generation. The company faces challenges in revenue growth and potential risks in leverage, 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	4.40T	4.40T	4.48T	4.68T	3.47T	2.30T
Gross Profit	490.58B	442.09B	553.47B	189.01B	292.91B	269.04B
EBITDA	320.13B	277.08B	460.11B	109.57B	223.05B	290.67B
Net Income	173.34B	133.37B	268.59B	21.31B	116.81B	161.65B
Balance Sheet
Total Assets	0.00	2.18T	2.02T	1.88T	1.88T	1.61T
Cash, Cash Equivalents and Short-Term Investments	102.43B	141.39B	102.66B	68.52B	66.01B	149.04B
Total Debt	0.00	611.01B	545.99B	693.76B	645.34B	545.32B
Total Liabilities	-813.84B	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: 363.05
• 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 363.05 is above the 20-day moving average (MA) of 360.36, above the 50-day MA of 353.38, and above the 200-day MA of 315.18, indicating a bullish trend. The MACD of 2.48 indicates Negative momentum. The RSI at 53.53 is Neutral, neither overbought nor oversold. The STOCH value of 77.19 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
BPCL	76 Outperform	₹1.60T	7.41	―	4.82%	-1.35%	61.80%
RELIANCE	74 Outperform	₹20.90T	25.15	―	0.36%	8.08%	22.36%
IOC	68 Neutral	₹2.38T	9.31	―	4.76%	-0.93%	42.85%
CHENNPETRO	67 Neutral	₹136.02B	11.63	―	0.55%	-4.61%	63.26%
HINDPETRO	67 Neutral	₹989.65B	7.10	―	3.33%	-1.81%	231.75%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MRPL	63 Neutral	₹259.91B	25.07	―	2.02%	-11.96%	14.31%

Bharat Petroleum Corporation Limited Corporate Events

Bharat Petroleum Transfers Shares to IEPF Authority

Bharat Petroleum Corporation Limited announced the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This move, communicated through newspaper advertisements, aligns with regulatory requirements and ensures compliance with shareholder obligations, potentially impacting shareholder engagement and corporate governance practices.

Bharat Petroleum Enters Tripartite Agreement for RTA Services

Bharat Petroleum Corporation Limited has announced a tripartite agreement with Data Software and Research Co. Pvt. Ltd. and KFin Technologies Limited for RTA services. This strategic move is expected to streamline their operations and enhance service efficiency, potentially impacting their market positioning and stakeholder relations positively.

BPCL Cancels 2Q FY26 Post-Results Conference Call

Bharat Petroleum Corporation Limited has announced the cancellation of its 2Q FY26 post-results conference call, initially scheduled for November 3, 2025. The cancellation, due to unavoidable reasons, may impact stakeholders’ opportunities to gain insights into the company’s quarterly performance and strategic outlook.