Loading...

Gulf Oil Lubricants India

NSEI:GULFOILLUB
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GULFOILLUB
NSEI
₹41B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for use in the automobile and industrial sectors in India and internationally. The last earnings update was 65 days ago. More info.


Add to Portfolio Compare Print
GULFOILLUB Share Price and Events
7 Day Returns
-6.8%
NSEI:GULFOILLUB
1.1%
IN Chemicals
-0.5%
IN Market
1 Year Returns
-4%
NSEI:GULFOILLUB
2.2%
IN Chemicals
-2.4%
IN Market
GULFOILLUB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gulf Oil Lubricants India (GULFOILLUB) -6.8% -10.6% -8.4% -4% 35.9% -
IN Chemicals 1.1% -3% -5.3% 2.2% 38% 121%
IN Market -0.5% -2% -4.8% -2.4% 21.3% 31.2%
1 Year Return vs Industry and Market
  • GULFOILLUB underperformed the Chemicals industry which returned 2.2% over the past year.
  • GULFOILLUB underperformed the Market in India which returned -2.4% over the past year.
Price Volatility
GULFOILLUB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Gulf Oil Lubricants India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gulf Oil Lubricants India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gulf Oil Lubricants India.

NSEI:GULFOILLUB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GULFOILLUB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.887 (1 + (1- 35%) (6.93%))
0.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.951 * 8.6%)
15.73%

Discounted Cash Flow Calculation for NSEI:GULFOILLUB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gulf Oil Lubricants India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:GULFOILLUB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.73%)
2020 1,423.50 Analyst x2 1,230.00
2021 2,458.00 Analyst x3 1,835.16
2022 3,100.77 Est @ 26.15% 2,000.36
2023 3,738.60 Est @ 20.57% 2,083.98
2024 4,361.61 Est @ 16.66% 2,100.77
2025 4,969.17 Est @ 13.93% 2,068.05
2026 5,566.27 Est @ 12.02% 2,001.65
2027 6,160.53 Est @ 10.68% 1,914.20
2028 6,760.46 Est @ 9.74% 1,815.06
2029 7,374.43 Est @ 9.08% 1,710.76
Present value of next 10 years cash flows ₹18,759.99
NSEI:GULFOILLUB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹7,374.43 × (1 + 7.55%) ÷ (15.73% – 7.55%)
₹96,933.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹96,933.53 ÷ (1 + 15.73%)10
₹22,487.21
NSEI:GULFOILLUB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹18,759.99 + ₹22,487.21
₹41,247.20
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹41,247.20 / 49.80
₹828.23
NSEI:GULFOILLUB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:GULFOILLUB represents 1.00075x of BSE:538567
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00075x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 828.23 x 1.00075
₹828.85
Value per share (INR) From above. ₹828.85
Current discount Discount to share price of ₹801.65
= -1 x (₹801.65 - ₹828.85) / ₹828.85
3.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gulf Oil Lubricants India is available for.
Intrinsic value
3%
Share price is ₹801.65 vs Future cash flow value of ₹828.85
Current Discount Checks
For Gulf Oil Lubricants India to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gulf Oil Lubricants India's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Gulf Oil Lubricants India's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gulf Oil Lubricants India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gulf Oil Lubricants India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GULFOILLUB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹35.73
BSE:538567 Share Price ** BSE (2019-07-19) in INR ₹801.05
India Chemicals Industry PE Ratio Median Figure of 233 Publicly-Listed Chemicals Companies 12.1x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gulf Oil Lubricants India.

NSEI:GULFOILLUB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:538567 Share Price ÷ EPS (both in INR)

= 801.05 ÷ 35.73

22.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gulf Oil Lubricants India is overvalued based on earnings compared to the IN Chemicals industry average.
  • Gulf Oil Lubricants India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Gulf Oil Lubricants India's expected growth come at a high price?
Raw Data
NSEI:GULFOILLUB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
13.5%per year
India Chemicals Industry PEG Ratio Median Figure of 50 Publicly-Listed Chemicals Companies 1.29x
India Market PEG Ratio Median Figure of 535 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:GULFOILLUB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.42x ÷ 13.5%

1.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gulf Oil Lubricants India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gulf Oil Lubricants India's assets?
Raw Data
NSEI:GULFOILLUB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹117.92
BSE:538567 Share Price * BSE (2019-07-19) in INR ₹801.05
India Chemicals Industry PB Ratio Median Figure of 271 Publicly-Listed Chemicals Companies 1.24x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.94x
NSEI:GULFOILLUB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:538567 Share Price ÷ Book Value per Share (both in INR)

= 801.05 ÷ 117.92

6.79x

* Primary Listing of Gulf Oil Lubricants India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gulf Oil Lubricants India is overvalued based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Gulf Oil Lubricants India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Gulf Oil Lubricants India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gulf Oil Lubricants India expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gulf Oil Lubricants India expected to grow at an attractive rate?
  • Gulf Oil Lubricants India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Gulf Oil Lubricants India's earnings growth is positive but not above the India market average.
  • Gulf Oil Lubricants India's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GULFOILLUB Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GULFOILLUB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 13.5%
NSEI:GULFOILLUB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 12.1%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GULFOILLUB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GULFOILLUB Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 21,745 2,540 2,329 6
2020-03-31 19,277 1,852 2,031 6
NSEI:GULFOILLUB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 17,058 1,778
2018-12-31 16,429 1,716
2018-09-30 15,368 1,643
2018-06-30 14,426 1,644
2018-03-31 13,323 1,101 1,586
2017-12-31 12,889 1,519
2017-09-30 11,978 1,361
2017-06-30 11,384 1,250
2017-03-31 10,868 1,339 1,176
2016-12-31 11,033 1,190
2016-09-30 10,899 1,176
2016-06-30 10,645 1,110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gulf Oil Lubricants India's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Gulf Oil Lubricants India's revenue is expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GULFOILLUB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Gulf Oil Lubricants India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GULFOILLUB Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 46.86 50.90 44.00 6.00
2020-03-31 40.86 42.60 38.00 6.00
NSEI:GULFOILLUB Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 35.73
2018-12-31 34.50
2018-09-30 33.04
2018-06-30 33.08
2018-03-31 31.92
2017-12-31 30.60
2017-09-30 27.44
2017-06-30 25.20
2017-03-31 23.70
2016-12-31 23.99
2016-09-30 23.73
2016-06-30 22.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gulf Oil Lubricants India is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Gulf Oil Lubricants India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gulf Oil Lubricants India has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gulf Oil Lubricants India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gulf Oil Lubricants India's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gulf Oil Lubricants India has delivered over 20% year on year earnings growth in the past 5 years.
  • Gulf Oil Lubricants India's 1-year earnings growth is less than its 5-year average (12.1% vs 25.4%)
  • Gulf Oil Lubricants India's earnings growth has not exceeded the IN Chemicals industry average in the past year (12.1% vs 13.4%).
Earnings and Revenue History
Gulf Oil Lubricants India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gulf Oil Lubricants India Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GULFOILLUB Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17,057.96 1,777.82 1,017.38
2018-12-31 16,429.10 1,715.77 1,927.70
2018-09-30 15,368.33 1,642.71 1,888.33
2018-06-30 14,425.66 1,644.00 875.58
2018-03-31 13,322.60 1,585.57 1,776.15
2017-12-31 12,888.76 1,519.29 1,563.90
2017-09-30 11,978.21 1,361.42 1,528.43
2017-06-30 11,383.95 1,250.06 702.88
2017-03-31 10,867.93 1,175.55 1,481.94
2016-12-31 11,033.41 1,190.25 1,395.51
2016-09-30 10,899.41 1,176.06 1,369.71
2016-06-30 10,645.08 1,109.99 1,342.59
2016-03-31 10,113.54 1,003.15 1,312.65
2015-12-31 10,032.66 920.20 2,256.16
2015-09-30 9,816.37 840.79 2,221.14
2015-06-30 9,718.47 798.57 2,186.70
2015-03-31 9,674.82 774.10 1,076.14
2014-03-31 -0.06 0.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gulf Oil Lubricants India has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Gulf Oil Lubricants India used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Gulf Oil Lubricants India's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gulf Oil Lubricants India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gulf Oil Lubricants India has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gulf Oil Lubricants India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gulf Oil Lubricants India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gulf Oil Lubricants India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gulf Oil Lubricants India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gulf Oil Lubricants India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gulf Oil Lubricants India Company Filings, last reported 3 months ago.

NSEI:GULFOILLUB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5,867.43 2,831.08 2,935.06
2018-12-31 5,140.00 3,146.87 3,444.63
2018-09-30 5,140.00 3,146.87 3,444.63
2018-06-30 4,674.19 2,480.64 3,285.64
2018-03-31 4,674.19 2,564.50 3,215.92
2017-12-31 4,040.98 1,805.06 2,748.63
2017-09-30 4,040.98 1,805.06 2,748.63
2017-06-30 3,536.73 1,784.89 2,890.94
2017-03-31 3,541.29 1,858.09 2,728.84
2016-12-31 3,128.96 1,426.13 2,079.34
2016-09-30 3,128.96 1,426.13 2,079.34
2016-06-30 2,485.37 1,947.19 2,350.67
2016-03-31 2,485.37 1,947.19 2,350.67
2015-12-31 2,323.50 1,663.71 1,811.70
2015-09-30 2,323.50 1,663.71 1,811.70
2015-06-30 1,871.08 2,156.28 1,804.36
2015-03-31 1,871.08 2,154.31 1,804.36
2014-03-31 0.42 0.00 0.46
  • Gulf Oil Lubricants India's level of debt (48.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (106.4% vs 48.3% today).
  • Debt is well covered by operating cash flow (38.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.2x coverage).
X
Financial health checks
We assess Gulf Oil Lubricants India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gulf Oil Lubricants India has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gulf Oil Lubricants India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.44%
Current annual income from Gulf Oil Lubricants India dividends. Estimated to be 1.85% next year.
If you bought ₹2,000 of Gulf Oil Lubricants India shares you are expected to receive ₹29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gulf Oil Lubricants India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Gulf Oil Lubricants India's dividend is below the markets top 25% of dividend payers in India (2.23%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GULFOILLUB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 171 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GULFOILLUB Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 15.65 4.00
2020-03-31 13.93 4.00
NSEI:GULFOILLUB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-15 11.500 1.322
2019-02-13 11.000 1.284
2018-08-30 10.500 1.332
2018-05-21 10.500 1.221
2018-02-06 9.000 0.962
2017-08-18 8.500 0.979
2017-05-15 8.500 1.061
2017-02-03 7.500 1.041
2016-05-11 7.000 1.085
2016-02-09 6.500 1.297
2015-07-28 7.000 1.430
2015-05-26 7.000 1.520
2015-02-05 4.000 0.845
2014-09-25 4.000 0.972

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Gulf Oil Lubricants India has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Gulf Oil Lubricants India only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Gulf Oil Lubricants India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Gulf Oil Lubricants India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gulf Oil Lubricants India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gulf Oil Lubricants India has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gulf Oil Lubricants India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ravi Chawla
COMPENSATION ₹39,695,089
AGE 53
TENURE AS CEO 5.1 years
CEO Bio

Mr. Ravi Chawla has been the Managing Director of Gulf Oil Lubricants India Limited since June 6, 2014. Mr. Chawla has been the Chief Executive Officer and President of Lubricants Division (known as Gulf Oil Lubricants India) at GULF OIL Corporation Limited since July 2, 2007. Mr. Chawla has over 24 years of professional experience and has worked with Mahindra and Mahindra Limited, Wipro Consumer Products Limited, Aristocrat Marketing Limited, CEAT Limited, Polaroid India Private Limited and Pennzoil-Quaker State India Limited (part of Royal Dutch Shell Group of Companies). He has rich experience and knowledge in brand & product management, new product development, communications, trade communications, pricing, franchisee operations, distribution and market research. He has extensive experience of over 15 years in the lubricants space with Pennzoil (1998 to 2006) & in Gulf Oil (since 2007). He has been a Director of Gulf Oil Lubricants India Limited since May 25, 2013. Mr. Chawla holds a Bachelors degree in Commerce from Sydenham College, Mumbai University. He holds a Master in Management Studies degree (specializing in Marketing) from Chetana's Ramprasad Khandelwal Institute of Management & Research, Mumbai.

CEO Compensation
  • Ravi's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Ravi's remuneration is higher than average for companies of similar size in India.
Management Team

Ravi Chawla

TITLE
MD & Director
COMPENSATION
₹40M
AGE
53
TENURE
5.1 yrs

Manish Gangwal

TITLE
Chief Financial Officer
COMPENSATION
₹14M
AGE
47

Vinayak Joshi

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹4M
AGE
49

K. Swaminathan

TITLE
General Manager of Technical Services
AGE
66

Anand Sathaye

TITLE
Senior General Manager of Human Resources & Administration

Nagendra Pai

TITLE
Senior Vice President of Channel Sales

Sunil Jambavdekar

TITLE
Senior Vice President of Supply Chain

Satyabrata Das

TITLE
Senior Vice President of OEM Business Operations

Shiva Mehra

TITLE
Head of Automotive & OEM Business Operation
Board of Directors Tenure

Average tenure and age of the Gulf Oil Lubricants India board of directors in years:

5.2
Average Tenure
61
Average Age
  • The tenure for the Gulf Oil Lubricants India board of directors is about average.
Board of Directors

Sanjay Hinduja

TITLE
Chairman of the Board
COMPENSATION
₹9M
AGE
55

Ravi Chawla

TITLE
MD & Director
COMPENSATION
₹40M
AGE
53
TENURE
6.2 yrs

Madras Ramachandran

TITLE
Independent Director
COMPENSATION
₹3M
AGE
74
TENURE
5.2 yrs

K. Kini

TITLE
Independent Director
COMPENSATION
₹3M
AGE
74
TENURE
5.2 yrs

Kanchan Chitale

TITLE
Independent Director
COMPENSATION
₹3M
AGE
67
TENURE
5.2 yrs

Shom Hinduja

TITLE
Non-Executive Director
COMPENSATION
₹2M
AGE
29
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • Gulf Oil Lubricants India individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
19. Jun 19 Sell Satyabrata Das Individual 13. Jun 19 14. Jun 19 -3,000 ₹895.67 ₹-2,687,000
15. Jun 19 Sell Ravi Chawla Individual 13. Jun 19 13. Jun 19 -10,000 ₹905.00 ₹-9,049,999
08. Jun 19 Sell Ravi Chawla Individual 06. Jun 19 06. Jun 19 -5,000 ₹900.00 ₹-4,500,000
07. Jun 19 Sell Anand Sathaye Individual 06. Jun 19 06. Jun 19 -1,000 ₹905.00 ₹-905,000
04. Jun 19 Sell Nilesh Garg Individual 29. May 19 31. May 19 -3,028 ₹895.32 ₹-2,711,032
04. Jun 19 Sell Anand Sathaye Individual 31. May 19 31. May 19 -1,000 ₹900.00 ₹-900,000
31. May 19 Sell Ravi Chawla Individual 28. May 19 28. May 19 -5,000 ₹895.00 ₹-4,475,000
29. May 19 Sell Nilesh Garg Individual 27. May 19 28. May 19 -6,019 ₹888.33 ₹-5,346,872
29. May 19 Sell Anand Sathaye Individual 28. May 19 28. May 19 -1,000 ₹895.00 ₹-895,000
28. Feb 19 Sell Nagendra Pai Individual 25. Feb 19 27. Feb 19 -3,571 ₹882.28 ₹-3,150,628
04. Feb 19 Sell Somesh Sabhani Individual 30. Jan 19 31. Jan 19 -450 ₹903.33 ₹-406,500
02. Feb 19 Sell Manish Gangwal Individual 31. Jan 19 31. Jan 19 -5,000 ₹901.96 ₹-4,509,796
01. Feb 19 Sell Anand Sathaye Individual 30. Jan 19 30. Jan 19 -1,000 ₹894.25 ₹-894,254
21. Jan 19 Sell Nilesh Garg Individual 18. Jan 19 18. Jan 19 -2,000 ₹891.11 ₹-1,782,225
21. Jan 19 Sell Nagendra Pai Individual 17. Jan 19 18. Jan 19 -5,000 ₹886.10 ₹-4,430,512
21. Jan 19 Sell Somesh Sabhani Individual 17. Jan 19 17. Jan 19 -1,200 ₹887.50 ₹-1,065,000
26. Dec 18 Sell Sunil Jambavdekar Individual 24. Dec 18 24. Dec 18 -9,000 ₹835.00 ₹-7,514,999
24. Dec 18 Sell Ravi Chawla Individual 20. Dec 18 20. Dec 18 -2,000 ₹814.19 ₹-1,628,377
07. Dec 18 Sell Nagendra Pai Individual 05. Dec 18 06. Dec 18 -2,000 ₹768.19 ₹-1,536,381
05. Dec 18 Sell Nagendra Pai Individual 03. Dec 18 04. Dec 18 -2,047 ₹750.44 ₹-1,536,154
17. Sep 18 Sell Sunil Jambavdekar Individual 10. Sep 18 12. Sep 18 -7,294 ₹814.18 ₹-5,938,610
27. Aug 18 Sell Nagendra Pai Individual 23. Aug 18 23. Aug 18 -1,500 ₹850.34 ₹-1,275,512
X
Management checks
We assess Gulf Oil Lubricants India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gulf Oil Lubricants India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Selling Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Gulf Oil Lubricants India Limited (NSE:GULFOILLUB). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Gulf Oil Lubricants India The Last 12 Months Of Insider Transactions At Gulf Oil Lubricants India In the last twelve months, the biggest single sale by an insider was when the MD &amp; Director, Ravi Chawla, sold ₹9.0m worth of shares at a price of ₹905 per share. … NSEI:GULFOILLUB Recent Insider Trading, July 17th 2019 Insiders at Gulf Oil Lubricants India Have Sold Stock Recently Over the last three months, we've seen significant insider selling at Gulf Oil Lubricants India.

Simply Wall St -

Gulf Oil Lubricants India (NSE:GULFOILLUB) Seems To Use Debt Quite Sensibly

We note that Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) does have debt on its balance sheet. … Given that Gulf Oil Lubricants India has more cash than debt, we're pretty confident it can manage its debt safely. … While Gulf Oil Lubricants India has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance.

Simply Wall St -

Is Gulf Oil Lubricants India Limited’s (NSE:GULFOILLUB) 43% ROCE Any Good?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Gulf Oil Lubricants India: 0.43 = ₹2.6b ÷ (₹11b - ₹5.3b) (Based on the trailing twelve months to March 2019.) Therefore, Gulf Oil Lubricants India has an ROCE of 43%. … What Are Current Liabilities, And How Do They Affect Gulf Oil Lubricants India's ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Calculating The Intrinsic Value Of Gulf Oil Lubricants India Limited (NSE:GULFOILLUB)

We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (₹, Millions) ₹1.80k ₹1.41k ₹2.49k ₹3.16k ₹3.81k ₹4.45k ₹5.08k ₹5.69k ₹6.30k ₹6.92k Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x3 Est @ 26.49% Est @ 20.81% Est @ 16.83% Est @ 14.05% Est @ 12.1% Est @ 10.73% Est @ 9.78% Present Value (₹, Millions) Discounted @ 15.56% ₹1.56k ₹1.06k ₹1.62k ₹1.77k ₹1.85k ₹1.87k ₹1.85k ₹1.79k ₹1.72k ₹1.63k Present Value of 10-year Cash Flow (PVCF)= ₹16.70b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = ₹6.9b × (1 + 7.6%) ÷ (15.6% – 7.6%) = ₹93b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = ₹₹93b ÷ ( 1 + 15.6%)10 = ₹21.88b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is ₹38.57b.

Simply Wall St -

Why Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) High P/E Ratio Isn't Necessarily A Bad Thing

We'll look at Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Gulf Oil Lubricants India's P/E ratio is 23.97. … How Do You Calculate Gulf Oil Lubricants India's P/E Ratio

Simply Wall St -

Should Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) from a dividend investor's perspective. … On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Investors might not know much about Gulf Oil Lubricants India's dividend prospects, even though it has been paying dividends for the last five years and offers a 1.3% yield.

Simply Wall St -

Is Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) CEO Paid Enough Relative To Peers?

Ravi Chawla became the CEO of Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) in 2014. … How Does Ravi Chawla's Compensation Compare With Similar Sized Companies. … Our data indicates that Gulf Oil Lubricants India Limited is worth ₹41b, and total annual CEO compensation is ₹40m.

Simply Wall St -

Did Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Gulf Oil Lubricants India Limited (NSE:GULFOILLUB). … The Last 12 Months Of Insider Transactions At Gulf Oil Lubricants India. … Over the last year we saw more insider selling of Gulf Oil Lubricants India shares, than buying.

Simply Wall St -

Gulf Oil Lubricants India Shareholders Booked A 76% Gain In The Last Three Years

For example, the Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) share price is up 76% in the last three years, clearly besting than the market return of around 41% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Gulf Oil Lubricants India was able to grow its EPS at 23% per year over three years, sending the share price higher.

Simply Wall St -

Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Earns A Nice Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Company Info

Description

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for use in the automobile and industrial sectors in India and internationally. 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, Gulf Oil Lubricants India Limited offers motor cycle batteries; and marine lubricants, as well as a range of complementary technical services. 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.

Details
Name: Gulf Oil Lubricants India Limited
GULFOILLUB
Exchange: NSEI
Founded: 2008
₹40,847,519,200
49,801,901
Website: http://www.gulfoilindia.com
Address: Gulf Oil Lubricants India Limited
IN Centre, 49/50,
12th Road,
Mumbai,
Maharashtra, 400093,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 538567 Equity Shares Mumbai Stock Exchange IN INR 31. Jul 2014
NSEI GULFOILLUB Equity Shares National Stock Exchange of India IN INR 31. Jul 2014
Number of employees
Current staff
Staff numbers
545
Gulf Oil Lubricants India employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 13:06
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.