Bharat Petroleum Corporation Limited

NSEI:BPCL Stock Report

Market Cap: ₹1.3t

Bharat Petroleum Valuation

Is BPCL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BPCL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BPCL (₹289.05) is trading above our estimate of fair value (₹249.81)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BPCL?

Key metric: As BPCL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BPCL. This is calculated by dividing BPCL's market cap by their current earnings.
What is BPCL's PE Ratio?
PE Ratio9.6x
Earnings₹131.10b
Market Cap₹1.25t

Price to Earnings Ratio vs Peers

How does BPCL's PE Ratio compare to its peers?

The above table shows the PE ratio for BPCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.3x
IOC Indian Oil
10.8x18.3%₹1.9t
HINDPETRO Hindustan Petroleum
20.2x30.4%₹850.1b
500109 Mangalore Refinery and Petrochemicals
27.5x53.1%₹249.2b
RELIANCE Reliance Industries
22.6x13.8%₹15.3t
BPCL Bharat Petroleum
9.6x4.2%₹1.3t

Price-To-Earnings vs Peers: BPCL is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (20.3x).

Price to Earnings Ratio vs Industry

How does BPCL's PE Ratio compare vs other companies in the IN Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
533704 Essar Shipping
1.6xn/aUS$94.01m
No more companies available in this PE range
BPCL 9.6xIndustry Avg. 20.8xNo. of Companies3PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BPCL is good value based on its Price-To-Earnings Ratio (9.6x) compared to the Indian Oil and Gas industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is BPCL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BPCL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio12.8x

Price-To-Earnings vs Fair Ratio: BPCL is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BPCL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹289.05
₹348.06
+20.4%
16.3%₹460.00₹250.00n/a32
Dec ’25₹292.10
₹346.81
+18.7%
16.3%₹460.00₹250.00n/a31
Nov ’25₹313.00
₹346.10
+10.6%
16.6%₹460.00₹250.00n/a31
Oct ’25₹368.25
₹338.20
-8.2%
16.8%₹460.00₹250.00n/a30
Sep ’25₹357.65
₹334.93
-6.4%
16.8%₹460.00₹230.00n/a30
Aug ’25₹349.10
₹332.00
-4.9%
16.4%₹470.00₹230.00n/a30
Jul ’25₹304.55
₹320.50
+5.2%
16.6%₹455.00₹225.00n/a30
Jun ’25₹313.90
₹315.98
+0.7%
17.1%₹455.00₹225.00n/a30
May ’25₹303.68
₹301.07
-0.9%
19.8%₹445.00₹187.50n/a30
Apr ’25₹300.35
₹294.83
-1.8%
20.8%₹445.00₹187.50n/a30
Mar ’25₹311.65
₹282.69
-9.3%
21.9%₹445.00₹187.50n/a31
Feb ’25₹254.23
₹260.86
+2.6%
16.7%₹330.00₹187.50n/a32
Jan ’25₹226.03
₹225.26
-0.3%
16.1%₹293.50₹150.00n/a31
Dec ’24₹219.00
₹217.97
-0.5%
14.8%₹287.50₹150.00₹292.1031
Nov ’24₹178.45
₹211.35
+18.4%
13.1%₹280.00₹150.00₹313.0031
Oct ’24₹173.30
₹215.29
+24.2%
13.0%₹281.50₹155.00₹368.2529
Sep ’24₹172.10
₹217.53
+26.4%
11.6%₹281.50₹170.00₹357.6529
Aug ’24₹188.75
₹217.29
+15.1%
11.0%₹281.50₹170.00₹349.1029
Jul ’24₹182.35
₹210.72
+15.6%
11.8%₹264.50₹157.50₹304.5527
Jun ’24₹182.28
₹207.04
+13.6%
12.0%₹264.50₹157.50₹313.9028
May ’24₹178.80
₹190.70
+6.7%
12.6%₹250.00₹145.00₹303.6828
Apr ’24₹172.15
₹189.50
+10.1%
13.4%₹250.00₹145.00₹300.3527
Mar ’24₹157.95
₹188.33
+19.2%
13.0%₹250.00₹145.00₹311.6529
Feb ’24₹167.35
₹190.70
+14.0%
14.8%₹255.00₹137.50₹254.2328
Jan ’24₹165.25
₹188.29
+13.9%
16.5%₹255.00₹127.50₹226.0329
Dec ’23₹169.30
₹183.10
+8.2%
17.5%₹255.00₹127.50₹219.0029

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 00:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bharat Petroleum Corporation Limited is covered by 71 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Harshraj AggarwalAnand Rathi Shares and Stock Brokers Limited