NSEI:BPCL

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Bharat Petroleum

Market Cap

₹1.0t

Last Updated

2021/07/25 12:19 UTC

Data Sources

Company Financials +

Executive Summary

Bharat Petroleum Corporation Limited refines crude oil and markets petroleum products in India. More Details


Snowflake Analysis

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

How has Bharat Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BPCL is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BPCL's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

BPCL

-0.2%

IN Oil and Gas

-0.3%

IN Market


1 Year Return

2.9%

BPCL

3.6%

IN Oil and Gas

53.5%

IN Market

Return vs Industry: BPCL matched the Indian Oil and Gas industry which returned 3.6% over the past year.

Return vs Market: BPCL underperformed the Indian Market which returned 53.5% over the past year.


Shareholder returns

BPCLIndustryMarket
7 Day3.0%-0.2%-0.3%
30 Day-1.9%-2.7%1.8%
90 Day10.1%11.8%15.0%
1 Year8.2%2.9%5.4%3.6%55.6%53.5%
3 Year39.0%16.2%44.3%30.7%39.1%32.0%
5 Year51.3%16.8%123.8%83.6%83.1%67.8%

Long-Term Price Volatility Vs. Market

How volatile is Bharat Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bharat Petroleum undervalued compared to its fair value and its price relative to the market?

5.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BPCL (₹461.35) is trading above our estimate of fair value (₹136.4)

Significantly Below Fair Value: BPCL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BPCL is good value based on its PE Ratio (5.6x) compared to the Indian Oil and Gas industry average (18.4x).

PE vs Market: BPCL is good value based on its PE Ratio (5.6x) compared to the Indian market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: BPCL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BPCL's PB Ratio (1.7x) is in line with the IN Oil and Gas industry average.


Future Growth

How is Bharat Petroleum forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-21.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPCL's earnings are forecast to decline over the next 3 years (-21% per year).

Earnings vs Market: BPCL's earnings are forecast to decline over the next 3 years (-21% per year).

High Growth Earnings: BPCL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BPCL's revenue (9.3% per year) is forecast to grow slower than the Indian market (12.6% per year).

High Growth Revenue: BPCL's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BPCL's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has Bharat Petroleum performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPCL has a large one-off loss of ₹52.7B impacting its March 31 2021 financial results.

Growing Profit Margin: BPCL's current net profit margins (7%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: BPCL's earnings have declined by 3.6% per year over the past 5 years.

Accelerating Growth: BPCL's earnings growth over the past year (429.1%) exceeds its 5-year average (-3.6% per year).

Earnings vs Industry: BPCL earnings growth over the past year (429.1%) exceeded the Oil and Gas industry 33.7%.


Return on Equity

High ROE: BPCL's Return on Equity (32.3%) is considered high.


Financial Health

How is Bharat Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: BPCL's short term assets (₹519.8B) do not cover its short term liabilities (₹569.3B).

Long Term Liabilities: BPCL's short term assets (₹519.8B) exceed its long term liabilities (₹505.1B).


Debt to Equity History and Analysis

Debt Level: BPCL's debt to equity ratio (74.3%) is considered high.

Reducing Debt: BPCL's debt to equity ratio has reduced from 79.4% to 74.3% over the past 5 years.

Debt Coverage: BPCL's debt is well covered by operating cash flow (59.2%).

Interest Coverage: BPCL's interest payments on its debt are well covered by EBIT (9.8x coverage).


Balance Sheet


Dividend

What is Bharat Petroleum current dividend yield, its reliability and sustainability?

9.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPCL's dividend (9.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: BPCL's dividend (9.54%) is in the top 25% of dividend payers in the Indian market (1.44%)


Stability and Growth of Payments

Stable Dividend: BPCL's dividend payments have been volatile in the past 10 years.

Growing Dividend: BPCL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.7%), BPCL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BPCL's dividends in 3 years are forecast to be well covered by earnings (46.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Kappagantula Padmakar (60 yo)

0.83

Tenure

₹6,967,100

Compensation

Mr. Kappagantula Padmakar has been Additional Director & Director of Human Resources at Bharat Petroleum Corp. Ltd. since February 1, 2018 and serves as its Chairman & Managing Director since September 1, ...


CEO Compensation Analysis

Compensation vs Market: Kappagantula's total compensation ($USD93.60K) is below average for companies of similar size in the Indian market ($USD1.29M).

Compensation vs Earnings: Kappagantula's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BPCL's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: BPCL's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bharat Petroleum Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bharat Petroleum Corporation Limited
  • Ticker: BPCL
  • Exchange: NSEI
  • Founded: 1952
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ₹1.001t
  • Shares outstanding: 2.17b
  • Website: https://www.bharatpetroleum.com

Number of Employees


Location

  • Bharat Petroleum Corporation Limited
  • Bharat Bhavan
  • 4 & 6 Currimbhoy Road
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings


Biography

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 Hydrocarbo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 12:19
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.