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Gulf Oil Lubricants India

NSEI:GULFOILLUB
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GULFOILLUB
NSEI
₹44B
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 66 days ago. More info.


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GULFOILLUB Share Price and Events
7 Day Returns
-1.1%
NSEI:GULFOILLUB
0.1%
IN Chemicals
0.8%
IN Market
1 Year Returns
-1%
NSEI:GULFOILLUB
-0.9%
IN Chemicals
-0.7%
IN Market
GULFOILLUB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gulf Oil Lubricants India (GULFOILLUB) -1.1% 5.2% -1.6% -1% 66.7% -
IN Chemicals 0.1% 2% 3.6% -0.9% 67.8% 198%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
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 16%
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 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.93 (1 + (1- 35%) (7.22%))
0.983
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.983 * 8.6%)
16%

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 (@ 16%)
2019 1,798.50 Analyst x2 1,550.43
2020 1,794.67 Analyst x3 1,333.73
2021 2,209.00 Analyst x3 1,415.21
2022 2,579.29 Est @ 16.76% 1,424.52
2023 2,940.37 Est @ 14% 1,399.94
2024 3,295.11 Est @ 12.06% 1,352.45
2025 3,648.02 Est @ 10.71% 1,290.77
2026 4,004.14 Est @ 9.76% 1,221.36
2027 4,368.45 Est @ 9.1% 1,148.69
2028 4,745.62 Est @ 8.63% 1,075.74
Present value of next 10 years cash flows ₹13,212.83
NSEI:GULFOILLUB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹4,745.62 × (1 + 7.55%) ÷ (16% – 7.55%)
₹60,400.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹60,400.61 ÷ (1 + 16%)10
₹13,691.70
NSEI:GULFOILLUB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹13,212.83 + ₹13,691.70
₹26,904.53
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹26,904.53 / 49.80
₹540.28
NSEI:GULFOILLUB Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹540.28
Current discount Discount to share price of ₹875.00
= -1 x (₹875.00 - ₹540.28) / ₹540.28
-62%

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

  • The current share price of Gulf Oil Lubricants India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 (2018-12-31) in INR ₹34.50
BSE:538567 Share Price ** BSE (2019-04-18) in INR ₹875
India Chemicals Industry PE Ratio Median Figure of 232 Publicly-Listed Chemicals Companies 15.5x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* 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)

= 875 ÷ 34.50

25.36x

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 25.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
17.5%per year
India Chemicals Industry PEG Ratio Median Figure of 60 Publicly-Listed Chemicals Companies 1.28x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*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

= 25.36x ÷ 17.5%

1.45x

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 (2018-12-31) in INR ₹103.33
BSE:538567 Share Price * BSE (2019-04-18) in INR ₹875
India Chemicals Industry PB Ratio Median Figure of 267 Publicly-Listed Chemicals Companies 1.51x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:GULFOILLUB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 875 ÷ 103.33

8.47x

* 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
17.5%
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 17.5%
NSEI:GULFOILLUB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 12.4%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 14.6%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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 21,718 2,445 2,497 4
2020-03-31 19,406 2,136 2,133 6
2019-03-31 17,095 1,585 1,779 6
NSEI:GULFOILLUB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
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
2016-03-31 10,114 1,178 1,003

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gulf Oil Lubricants India's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
  • Gulf Oil Lubricants India's revenue is expected to grow by 12.4% 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 50.30 54.00 47.20 4.00
2020-03-31 42.94 44.80 41.60 5.00
2019-03-31 35.96 37.00 34.30 5.00
NSEI:GULFOILLUB Past Financials Data
Date (Data in INR Millions) EPS *
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
2016-03-31 20.24

*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 (12.9% vs 26.6%)
  • Gulf Oil Lubricants India's earnings growth has exceeded the IN Chemicals industry average in the past year (12.9% vs 11.9%).
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
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 4/6, 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 2.8x 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
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 (61.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if Gulf Oil Lubricants India's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (35%, greater than 20% of total debt).
  • Gulf Oil Lubricants India earns more interest than it pays, coverage of interest payments is not a concern.
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 4/6, 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
1.26%
Current annual income from Gulf Oil Lubricants India dividends. Estimated to be 1.94% next year.
If you bought ₹2,000 of Gulf Oil Lubricants India shares you are expected to receive ₹25 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 (0.5%).
  • Gulf Oil Lubricants India's dividend is below the markets top 25% of dividend payers in India (1.92%).
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 164 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

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 18.83 3.00
2020-03-31 15.53 4.00
2019-03-31 12.83 4.00
NSEI:GULFOILLUB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-13 11.000 1.276
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 (2.7x 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 52
TENURE AS CEO 4.8 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.
  • Ravi's remuneration is higher than average for companies of similar size in India.
Management Team

Ravi Chawla

TITLE
MD & Director
COMPENSATION
₹40M
AGE
52
TENURE
4.8 yrs

Manish Gangwal

TITLE
Chief Financial Officer
COMPENSATION
₹14M
AGE
46

Vinayak Joshi

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹4M
AGE
48

K. Swaminathan

TITLE
General Manager of Technical Services
AGE
65

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:

4.9
Average Tenure
60
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
54

Ravi Chawla

TITLE
MD & Director
COMPENSATION
₹40M
AGE
52
TENURE
5.9 yrs

Madras Ramachandran

TITLE
Independent Director
COMPENSATION
₹3M
AGE
73
TENURE
4.9 yrs

K. Kini

TITLE
Independent Director
COMPENSATION
₹3M
AGE
73
TENURE
4.9 yrs

Kanchan Chitale

TITLE
Independent Director
COMPENSATION
₹3M
AGE
66
TENURE
4.9 yrs

Shom Hinduja

TITLE
Non-Executive Director
COMPENSATION
₹2M
AGE
28
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • Gulf Oil Lubricants India insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
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
30. May 18 Sell Nilesh Garg Individual 28. May 18 28. May 18 -3,000 ₹928.00 ₹-2,784,000
28. May 18 Sell Nilesh Garg Individual 23. May 18 24. May 18 -1,524 ₹921.39 ₹-1,404,200
28. May 18 Sell Nagendra Pai Individual 23. May 18 25. May 18 -2,564 ₹923.11 ₹-2,360,001
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

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 -

Why I Like Gulf Oil Lubricants India Limited (NSE:GULFOILLUB)

Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)! … Looking at the company as a whole, as a potential stock investment, I believe GULFOILLUB has a lot to offer. … is a company with great financial health as well as a

Simply Wall St -

Is Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) 32% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Gulf Oil Lubricants India Limited (NSE:GULFOILLUB). … Our data shows Gulf Oil Lubricants India has a return on equity of 32% for the last year.

Simply Wall St -

Is Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Undervalued After Accounting For Its Future Growth?

Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) is considered a high growth stock. … Check out our latest analysis for Gulf Oil Lubricants India? … If you are bullish about Gulf Oil Lubricants India's growth potential then you are certainly not alone

Simply Wall St -

How Should Investors React To Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Ravi Chawla's Compensation Compare With Similar Sized Companies. … According to our data, Gulf Oil Lubricants India Limited has a market capitalization of ₹39b, and pays its CEO total annual compensation worth ₹40m.

Simply Wall St -

Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Insiders Have Been Selling

So we'll take a look at whether insiders have been buying or selling shares in Gulf Oil Lubricants India Limited (NSE:GULFOILLUB). … Gulf Oil Lubricants India Insider Transactions Over The Last Year. … So we know that an insider sold shares at around the present share price of ₹766.

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
₹43,572,613,000
49,797,272
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: 2019/04/20 12:54
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.