Gulf Oil Lubricants India Ltd (GULFOILLUB) AI Stock Analysis

• Market Cap: ₹53.73B
• Dividend Yield: 3.96%
• Average Volume (3M): 7.79K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 1.55
• Revenue Growth: 11.94%
• EPS Growth: 10.23%
• Country: IN
• Employees: 591
• Sector: Energy
• Sector Strength: 52
• Industry: Chemicals - Specialty
• EPS (TTM): 17.70
• Shares Outstanding: 49,319,622
• 10 Day Avg. Volume: 11,795
• 30 Day Avg. Volume: 7,786
• PEG Ratio: 0.93
• Price to Book (P/B): 3.76
• Price to Sales (P/S): 1.51
• P/FCF Ratio: 16.08
• 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: ₹1,610.00
• Price Target Upside: 32.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹1,215.00 ▲(0.24% Upside)

Gulf Oil Lubricants India Ltd's strong financial performance is the most significant factor, supported by a solid valuation. Technical analysis indicates some bearish momentum, which slightly offsets the positive financial and valuation aspects.

Positive Factors

Consistent revenue and margin growth

Sustained revenue expansion and healthy gross and net margins indicate durable demand and effective pricing/product mix. Consistent EBIT/EBITDA margins suggest operational leverage and efficiency that support reinvestment, shareholder returns, and resilience through economic cycles.

Strong balance sheet and ROE

A solid equity base, favorable debt metrics and impressive ROE provide financial flexibility for capex, working capital and strategic initiatives. This structure reduces refinancing risk, supports growth investments and cushions the business against cyclical downturns.

Effective cash flow and free cash generation

Consistent operating cash conversion and free cash flow growth underpin the firm's ability to fund operations, pay dividends and invest in product development or distribution. Reliable cash generation strengthens long-term capital allocation and financial stability.

Negative Factors

Raw material cost exposure (base oils, additives)

Dependence on base oils and additives creates exposure to commodity price swings that can compress margins if input cost spikes outpace pricing power. Over time this can pressure profitability, necessitate more active hedging or quicker pass-through mechanisms to maintain margins.

Variability in capital expenditures

Variable capex can make free cash flow and expansion planning less predictable. If investment needs rise intermittently, the company may face tighter cash allocation decisions, slower returns on new projects or increased financing needs during strategic growth phases.

Concentration in automotive aftermarket and B2B cyclicality

Heavy exposure to automotive aftermarket and institutional fleets links revenue to vehicle parc, maintenance cycles and industrial activity. These end‑market cycles and distributor channel dynamics can cause volume volatility and working-capital strain during downturns, pressuring growth durability.

Gulf Oil Lubricants India Ltd Business Overview & Revenue Model

Company Description

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for use in the automobile and industrial sectors in India. The company offers automotive lubricants, such as engine oil, gear oils, greases, and specialties for bikes, scooters, cars, light and heavy commercial vehicles, and tractors. It also provides hydraulic, bearing and circulating, industrial gear, turbine, compressor, refrigeration, quenching, and slideway oils; and metal working fluids, rust preventives, greases, and thermic fluids for use in construction, manufacturing, textile, power generation, mining, food processing, light heavy engineering, marine, and metal working industries. In addition, the company offers two-wheeler batteries; and marine lubricants, as well as a range of complementary technical services. It also exports its products primarily to Bangladesh, Indonesia, Nepal, Qatar, Africa, and internationally. The company has a strategic partnership with S-Oil Corporation to manufacture and market lubricants under the S-Oil Seven brand for the Indian market. The company was formerly known as Hinduja Infrastructure Limited and changed its name to Gulf Oil Lubricants India Limited in September 2013. Gulf Oil Lubricants India Limited was incorporated in 2008 and is headquartered in Mumbai, India. Gulf Oil Lubricants India Limited is a subsidiary of Gulf Oil International (Mauritius) Inc.

How the Company Makes Money

Gulf Oil Lubricants India Ltd generates revenue primarily through the sale of its lubricant products across various segments, including automotive, industrial, and marine. The company has established a robust distribution network that includes direct sales, third-party distributors, and retail partnerships, allowing it to reach a broad customer base. Key revenue streams include the sale of branded lubricants, specialty products for specific industries, and value-added services like technical support and training for customers. Additionally, strategic partnerships with automotive manufacturers and service centers contribute to its earnings by increasing product visibility and reliability. The company's focus on innovation and compliance with environmental standards also enhances its market competitiveness, driving sales growth.

Gulf Oil Lubricants India Ltd Financial Statement Overview

Summary

Gulf Oil Lubricants India Ltd exhibits a strong financial profile with robust revenue and profit growth, a solid equity base, and effective cash flow management. The company is well-positioned for continued success, despite minor fluctuations in capital expenditures.

Income Statement

Gulf Oil Lubricants India Ltd has demonstrated a robust growth trajectory with a consistent increase in total revenue over the years, indicating a strong market position. The gross profit margin is healthy, reflecting efficient cost management, while the net profit margin shows profitability resilience. The EBIT and EBITDA margins are strong, underscoring solid operational performance.

Balance Sheet

The company's balance sheet is strong, characterized by a solid equity base and manageable debt levels, as evidenced by a favorable debt-to-equity ratio. The return on equity is impressive, showcasing effective use of shareholder funds, while the equity ratio reflects a stable financial structure.

Cash Flow

Cash flow management appears effective, with consistent free cash flow generation supporting operational sustainability. The company has demonstrated a positive operating cash flow to net income ratio, indicating strong cash earnings capacity. Free cash flow growth is evident, although variations in capital expenditure warrant attention.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	37.54B	36.31B	32.93B	29.99B	21.85B	16.47B
Gross Profit	15.35B	15.29B	13.35B	11.31B	8.43B	7.31B
EBITDA	5.65B	4.72B	4.89B	3.70B	3.26B	3.21B
Net Income	3.70B	3.60B	3.08B	2.32B	2.11B	2.00B
Balance Sheet
Total Assets	0.00	27.58B	24.09B	20.72B	17.92B	14.46B
Cash, Cash Equivalents and Short-Term Investments	10.51B	10.51B	7.54B	6.54B	5.49B	4.92B
Total Debt	0.00	4.67B	3.65B	3.73B	3.90B	2.11B
Total Liabilities	-15.31B	12.27B	10.42B	8.93B	7.50B	5.76B
Stockholders Equity	15.31B	14.62B	12.95B	11.78B	10.43B	8.69B
Cash Flow
Free Cash Flow	0.00	3.42B	3.14B	2.50B	-483.31M	1.85B
Operating Cash Flow	0.00	3.95B	3.41B	2.73B	-237.26M	1.94B
Investing Cash Flow	0.00	773.46M	-505.77M	304.27M	-173.06M	295.17M
Financing Cash Flow	0.00	-1.50B	-2.38B	-2.02B	981.54M	-2.77B

Gulf Oil Lubricants India Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1212.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GULFOILLUB, the sentiment is Negative. The current price of 1212.15 is above the 20-day moving average (MA) of 1114.82, above the 50-day MA of 1154.05, and above the 200-day MA of 1189.65, indicating a bearish trend. The MACD of -28.46 indicates Positive momentum. The RSI at 41.10 is Neutral, neither overbought nor oversold. The STOCH value of 52.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GULFOILLUB.

Gulf Oil Lubricants India Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDIGOPNTS	74 Outperform	₹49.82B	34.58	―	0.30%	0.14%	2.95%
GULFOILLUB	73 Outperform	₹53.73B	14.46	―	3.96%	11.94%	10.23%
GRWRHITECH	70 Outperform	₹70.04B	22.75	―	0.37%	4.20%	2.14%
BALAMINES	69 Neutral	₹36.22B	25.14	―	0.97%	-10.76%	-27.70%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SOTL	58 Neutral	₹23.90B	17.36	―	1.06%	5.84%	-17.92%
CAMLINFINE	46 Neutral	₹27.92B	-92.20	―	―	9.21%	87.89%

Gulf Oil Lubricants India Ltd Corporate Events

Gulf Oil Lubricants Files SEBI Regulation 74(5) Compliance Certificates for December Quarter

Gulf Oil Lubricants India Limited has informed the stock exchanges that it has received and submitted the requisite certificates from its registrar and share transfer agent, KFin Technologies Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025. The filing confirms that details of securities dematerialised and rematerialised during the period have been duly furnished to all stock exchanges where the company’s shares are listed, underscoring ongoing compliance with depository regulations and reinforcing transparency in the company’s share transfer and demat processes for investors and regulators.