Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Ltd

₹ 1,158 -1.86%
12 Nov - close price
About

Gulf Oil Lubricants Ltd is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants.[1] It is among the top three lubricant companies in India among private players.[2]

Key Points

Product Portfolio
The Co’s product portfolio comprises Automotive Lubricants, Industrial Lubricants and Specialty Oils, Marine Lubricants, EV Fluids, and AdBlue. It caters to the automotive, industrial, and marine sectors. [1]

  • Market Cap 5,700 Cr.
  • Current Price 1,158
  • High / Low 1,514 / 610
  • Stock P/E 17.1
  • Book Value 278
  • Dividend Yield 3.11 %
  • ROCE 26.5 %
  • ROE 24.7 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 40.7%

Cons

  • Promoter holding has decreased over last quarter: -4.54%
  • Company might be capitalizing the interest cost

* 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
639 706 720 781 792 812 802 818 870 894 864
550 622 639 691 705 719 702 707 752 781 757
Operating Profit 89 85 80 90 88 93 100 110 117 113 107
OPM % 14% 12% 11% 12% 11% 11% 13% 14% 13% 13% 12%
12 9 10 14 14 14 17 17 20 18 24
Interest 5 10 10 10 7 4 7 8 6 5 7
Depreciation 9 9 10 10 11 11 11 13 16 13 13
Profit before tax 86 74 70 84 84 92 99 107 115 114 111
Tax % 26% 26% 25% 26% 26% 26% 26% 26% 24% 26% 26%
63 55 52 63 62 68 74 79 87 84 83
EPS in Rs 12.57 11.27 10.66 12.78 12.68 13.87 15.00 16.32 17.54 17.49 17.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
2,192 2,999 3,301 3,445
1,906 2,656 2,880 2,997
Operating Profit 285 343 421 449
OPM % 13% 11% 13% 13%
44 47 68 79
Interest 10 38 26 25
Depreciation 36 40 51 55
Profit before tax 284 313 412 447
Tax % 26% 26% 25%
211 232 308 334
EPS in Rs 41.85 47.39 62.63 68.35
Dividend Payout % 12% 53% 57%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 25%
Stock Price CAGR
10 Years: 12%
5 Years: 6%
3 Years: 25%
1 Year: 86%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10
Reserves 1,033 1,169 1,285 1,359
390 373 365 462
399 520 749 812
Total Liabilities 1,831 2,072 2,408 2,643
273 277 368 371
CWIP 3 3 15 16
Investments 36 88 91 91
1,519 1,703 1,935 2,164
Total Assets 1,831 2,072 2,408 2,643

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
-24 273 341
-17 30 -51
98 -202 -238
Net Cash Flow 57 102 53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 50 55
Inventory Days 152 105 106
Days Payable 86 87 106
Cash Conversion Cycle 121 68 55
Working Capital Days 88 63 57
ROCE % 23% 26%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.82% 71.82% 72.02% 72.02% 72.02% 72.02% 72.00% 71.94% 71.94% 71.80% 71.76% 67.22%
6.19% 5.18% 3.66% 3.64% 3.41% 3.57% 3.69% 4.42% 4.98% 7.08% 5.65% 7.07%
5.04% 5.80% 7.00% 6.98% 7.03% 7.02% 6.40% 5.77% 4.03% 5.02% 5.87% 9.55%
0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%
16.65% 16.90% 17.02% 17.07% 17.24% 17.10% 17.58% 17.56% 18.78% 15.80% 16.42% 15.85%
No. of Shareholders 59,54782,34267,49464,72662,22060,18659,10058,01260,82257,92870,21174,113

* 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.

Click on the line-items to see the names of individual entities.

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