Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Ltd

₹ 282 -1.77%
21 Nov 4:00 p.m.
About

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.[1]

Key Points

Refineries Capacity
Total Capacity - 35.3 MMTPA
Refinery Locations:
Mumbai - 12 MMTPA
Kochi - 15.5 MMTPA
Bina, Madhya Pradesh - 7.8 MMTPA [1]
It possesses 14-15% of the country's total refining capacity. [2]

  • Market Cap 1,22,541 Cr.
  • Current Price 282
  • High / Low 376 / 200
  • Stock P/E 9.13
  • Book Value 178
  • Dividend Yield 7.42 %
  • ROCE 32.1 %
  • ROE 41.9 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 7.44%.
  • Company has delivered good profit growth of 28.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 34.2%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
76,439 95,121 104,080 121,082 114,820 119,170 118,115 112,985 103,044 115,499 116,555 113,095 102,785
71,474 90,019 98,126 126,906 113,406 114,957 107,031 97,200 90,104 109,300 107,600 107,468 98,268
Operating Profit 4,965 5,102 5,954 -5,824 1,415 4,213 11,085 15,785 12,941 6,199 8,955 5,627 4,517
OPM % 6% 5% 6% -5% 1% 4% 9% 14% 13% 5% 8% 5% 4%
1,131 688 1,131 615 673 415 523 1,003 911 919 403 807 1,278
Interest 611 660 752 710 937 1,128 1,148 1,071 1,190 920 967 889 923
Depreciation 1,349 1,394 1,603 1,617 1,561 1,586 1,605 1,614 1,605 1,830 1,722 1,686 1,779
Profit before tax 4,136 3,737 4,730 -7,537 -410 1,913 8,854 14,103 11,056 4,367 6,669 3,859 3,094
Tax % 23% 26% 41% -18% -17% 9% 22% 25% 25% 27% 28% 26% 26%
3,201 2,759 2,803 -6,148 -338 1,747 6,870 10,644 8,244 3,181 4,790 2,842 2,297
EPS in Rs 7.38 6.36 6.46 -14.17 -0.78 4.03 15.84 24.53 19.00 7.33 11.04 6.55 5.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
242,181 264,421 242,598 187,815 201,251 235,895 298,226 284,572 230,171 346,791 473,187 448,083 447,934
235,472 255,007 232,818 174,844 187,468 220,578 283,113 275,597 209,170 327,654 462,288 404,001 422,637
Operating Profit 6,709 9,414 9,780 12,971 13,783 15,317 15,112 8,975 21,001 19,137 10,899 44,082 25,297
OPM % 3% 4% 4% 7% 7% 6% 5% 3% 9% 6% 2% 10% 6%
1,492 1,344 2,117 1,913 2,721 2,927 2,975 1,393 7,489 4,939 2,036 3,032 3,407
Interest 2,518 1,982 1,180 680 696 1,186 1,764 2,637 1,723 2,606 3,745 4,149 3,699
Depreciation 2,463 2,611 3,027 2,072 2,108 2,885 3,418 4,080 4,334 5,434 6,369 6,771 7,017
Profit before tax 3,220 6,166 7,690 12,132 13,700 14,174 12,905 3,652 22,432 16,037 2,821 36,194 17,989
Tax % 40% 34% 34% 33% 31% 31% 34% -0% 23% 27% 24% 26%
1,936 4,053 5,082 8,089 9,507 9,792 8,528 3,666 17,320 11,682 2,131 26,859 13,110
EPS in Rs 4.34 9.01 11.08 18.64 20.10 20.76 17.98 7.04 37.26 26.93 4.91 61.91 30.21
Dividend Payout % 42% 31% 34% 25% 49% 46% 48% 106% 102% 29% 40% 33%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 25%
TTM: -1%
Compounded Profit Growth
10 Years: 21%
5 Years: 28%
3 Years: 29%
TTM: -53%
Stock Price CAGR
10 Years: 9%
5 Years: 2%
3 Years: 13%
1 Year: 43%
Return on Equity
10 Years: 24%
5 Years: 23%
3 Years: 24%
Last Year: 42%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 723 723 723 656 1,311 1,967 1,967 1,967 2,093 2,129 2,129 2,136 4,273
Reserves 16,052 18,703 21,825 27,138 29,508 34,652 36,798 34,565 51,462 49,776 51,393 73,499 72,835
33,157 33,152 25,492 23,388 35,725 37,659 44,839 65,476 54,532 64,534 69,376 54,599 58,880
29,696 35,882 38,281 35,241 42,541 46,078 53,322 48,852 52,891 71,089 65,210 72,184 75,238
Total Liabilities 79,628 88,460 86,322 86,422 109,086 120,356 136,926 150,860 160,978 187,529 188,109 202,418 211,226
24,721 27,580 29,109 25,358 33,684 45,539 49,315 60,175 64,098 83,901 86,675 86,798 100,261
CWIP 7,463 9,372 15,787 17,459 16,834 9,875 13,654 17,757 17,037 15,433 16,249 20,204 9,127
Investments 7,470 6,985 7,712 9,401 21,327 23,725 24,907 27,029 26,768 23,616 26,778 26,631 27,239
39,974 44,523 33,714 34,203 37,241 41,217 49,050 45,900 53,075 64,578 58,406 68,785 74,599
Total Assets 79,628 88,460 86,322 86,422 109,086 120,356 136,926 150,860 160,978 187,529 188,109 202,418 211,226

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,926 9,588 20,742 11,119 9,041 11,068 10,157 7,881 23,455 20,336 12,466 35,936
-3,604 -6,881 -10,536 -9,233 -15,274 -7,066 -10,451 -11,135 -2,474 -8,138 -7,806 -10,521
-846 -3,736 -9,792 -1,332 4,804 -4,218 207 3,583 -13,981 -17,672 -4,402 -25,427
Net Cash Flow 1,476 -1,029 414 555 -1,429 -215 -87 329 7,000 -5,474 257 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 6 4 4 9 8 8 7 12 10 5 7
Inventory Days 33 35 29 34 45 41 32 32 52 51 32 42
Days Payable 15 20 22 19 24 27 25 19 32 37 20 27
Cash Conversion Cycle 25 22 12 19 30 21 16 20 33 24 17 21
Working Capital Days 14 10 -17 -18 -16 -6 -3 -7 -15 -8 -5 -5
ROCE % 12% 16% 17% 25% 24% 21% 18% 9% 18% 16% 7% 32%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98%
12.66% 13.69% 13.17% 12.96% 12.53% 12.57% 12.55% 13.01% 14.21% 16.79% 15.04% 15.39%
21.14% 19.85% 20.70% 20.90% 21.80% 22.59% 23.10% 22.53% 22.13% 21.30% 21.31% 22.06%
0.86% 0.86% 0.86% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94%
12.05% 12.31% 11.98% 12.23% 11.44% 10.61% 10.12% 10.21% 9.44% 8.00% 9.73% 8.63%
0.32% 0.32% 0.32% 0.00% 0.32% 0.32% 0.32% 0.32% 0.32% 0.00% 0.00% 0.00%
No. of Shareholders 8,37,4569,30,4869,41,2429,42,6359,09,7178,58,1368,16,7218,17,3397,49,2137,23,57110,39,00610,18,794

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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