Bharat Petroleum Corporation Limited (IN:BPCL)
:BPCL
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Bharat Petroleum Corporation Limited
(BPCL)
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Rating:76Outperform
Price Target:
₹331.00
▲(6.07% Upside)
Action:ReiteratedDate:10/31/25
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
Cash generation
Consistent operating cash flow and repeated positive free cash flow provide durable internal funding for maintenance capex, dividends and debt servicing. That strengthens financial flexibility through commodity cycles and supports long-term operations and strategic investments without over-reliance on external financing.
Negative Factors
Revenue decline
A multi-year decline in total revenue reduces scale economics and can pressure unit margins and free cash flow. If sustained, it limits reinvestment capacity and constrains growth initiatives, making recovery dependent on either volume restoration or structural improvements to product spreads.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent operating cash flow and repeated positive free cash flow provide durable internal funding for maintenance capex, dividends and debt servicing. That strengthens financial flexibility through commodity cycles and supports long-term operations and strategic investments without over-reliance on external financing.
Read all positive factors
Bharat Petroleum Corporation Limited (BPCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.36T
Dividend Yield4.73%
Average Volume (3M)327.79K
Price to Earnings (P/E)5.7
Beta (1Y)1.20
Revenue Growth0.48%
EPS Growth79.19%
CountryIN
Employees8,506
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)17.66
Shares Outstanding4,338,469,000
10 Day Avg. Volume205,514
30 Day Avg. Volume327,792
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)1.49
Price to Sales (P/S)0.28
P/FCF Ratio14.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹393.33Price Target Upside26.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)38.85
Revenue Forecast (FY)₹4.67T
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 pe...
How the Company Makes Money
BPCL primarily makes money by purchasing crude oil and other feedstocks, refining them into petroleum products, and selling those products through multiple channels. A major revenue stream comes from marketing and sale of transportation fuels (e.g...
Bharat Petroleum Corporation Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
72
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.42T | 4.40T | 4.48T | 4.68T | 3.47T | 2.30T |
| Gross Profit | 551.45B | 442.09B | 553.47B | 189.01B | 292.91B | 269.04B |
| EBITDA | 374.22B | 277.08B | 460.11B | 109.57B | 223.05B | 290.67B |
| Net Income | 212.28B | 133.37B | 268.59B | 21.31B | 116.81B | 161.65B |
Balance Sheet | ||||||
| Total Assets | 2.28T | 2.18T | 2.02T | 1.88T | 1.88T | 1.61T |
| Cash, Cash Equivalents and Short-Term Investments | 174.30B | 141.39B | 102.66B | 68.52B | 66.01B | 149.04B |
| Total Debt | 529.67B | 611.01B | 545.99B | 693.76B | 645.34B | 545.32B |
| Total Liabilities | 1.34T | 1.37T | 1.27T | 1.35T | 1.36T | 1.07T |
| Stockholders Equity | 939.35B | 813.84B | 756.35B | 535.22B | 519.06B | 535.55B |
Cash Flow | ||||||
| Free Cash Flow | 176.23B | 85.35B | 263.57B | 39.17B | 125.85B | 143.48B |
| Operating Cash Flow | 213.13B | 236.78B | 359.36B | 124.66B | 203.36B | 235.54B |
| Investing Cash Flow | -80.41B | -191.80B | -105.21B | -78.06B | -81.38B | -25.73B |
| Financing Cash Flow | -134.00B | -62.41B | -254.27B | -44.02B | -176.72B | -139.81B |
Bharat Petroleum Corporation Limited Technical Analysis
Negative
312.05
Price Trends
335.15
Negative
344.04
Negative
331.36
Negative
Market Momentum
-6.88
Negative
53.33
Neutral
91.58
Negative
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 312.05 is above the 20-day moving average (MA) of 290.64, below the 50-day MA of 335.15, and below the 200-day MA of 331.36, indicating a neutral trend. The MACD of -6.88 indicates Negative momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 91.58 is Negative, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.36T | 5.71 | ― | 4.73% | 0.48% | 79.19% | |
76 Outperform | ₹148.51B | 4.89 | ― | 0.55% | 7.22% | 1349.42% | |
68 Neutral | ₹2.06T | 4.41 | ― | 4.90% | 1.30% | 240.73% | |
66 Neutral | ₹302.15B | 16.38 | ― | 2.04% | -6.35% | 3324.95% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | ₹18.48T | 22.51 | ― | 0.35% | 9.59% | 15.97% | |
58 Neutral | ₹810.81B | 6.62 | ― | 3.26% | -0.61% | 155.36% |
* Energy Sector Average
IN:BPCL
Bharat Petroleum Corporation Limited
307.70
15.24
5.21%
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IN:HINDPETRO
Hindustan Petroleum Corporation Limited
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IN:IOC
Indian Oil Corp. Ltd.
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IN:MRPL
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IN:RELIANCE
Reliance Industries Limited
1,388.90
-5.83
-0.42%
Bharat Petroleum Corporation Limited Corporate Events
BPCL Sets Up Singapore Subsidiary to Boost Global Energy Trading
Feb 26, 2026
Bharat Petroleum Corporation Limited has incorporated a wholly owned subsidiary in Singapore, Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd., with an issued share capital of USD 2 million. The new entity will operate as a trading de...
BPCL Reshapes Senior Management, Elevates Nine Executives After Biofuels Head Retires
Feb 1, 2026
Bharat Petroleum Corporation Limited has announced a senior management reshuffle, with Executive Director in charge of Biofuels, Anilkumar P., superannuating on 31 January 2026. Effective 1 February 2026, the company has elevated nine internal lea...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.