Gulf Oil Lubricants India
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 9 days ago. More info.
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GULFOILLUB Share Price and Events
7 Day Returns
1 Year Returns
GULFOILLUB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Gulf Oil Lubricants India (GULFOILLUB) | -1.4% | 3.1% | 15.6% | -10.9% | 87% | - |
| IN Chemicals | -0.8% | -5.1% | -3.7% | -4.3% | 72.9% | 206.3% |
| IN Market | -0.1% | -3.2% | -1.7% | -7.5% | 46.6% | 79.6% |
1 Year Return vs Industry and Market
- GULFOILLUB underperformed the Chemicals industry which returned -4.3% over the past year.
- GULFOILLUB underperformed the Market in India which returned -7.5% over the past year.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Gulf Oil Lubricants India.
| 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 | 13.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 7.5% |
| Chemicals Unlevered Beta | Simply Wall St/ S&P Global | 0.49 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.492 (1 + (1- 35%) (7.18%)) |
0.515 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%) |
13.51% |
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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (INR, Millions) | 1,798.50 | 1,794.67 | 2,209.00 | 2,520.22 | 2,875.29 |
| Source | Analyst x2 | Analyst x3 | Analyst x3 | Est @ 14.09% | Est @ 14.09% |
|
Present Value Discounted (@ 13.51%) |
1,584.44 | 1,392.89 | 1,510.40 | 1,518.11 | 1,525.85 |
| Present value of next 5 years cash flows | ₹7,531.68 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= ₹2,875.29 × (1 + 7.55%) ÷ (13.51% – 7.55%) |
₹51,885.41 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= ₹51,885.41 ÷ (1 + 13.51%)5 |
₹27,534.34 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= ₹7,531.68 + ₹27,534.34 |
₹35,066.02 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹35,066.02 / 49.80 |
₹692.47 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:GULFOILLUB
represents 0.98337x
of
BSE:538567
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.98337x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 704.18 x 0.98337 |
₹692.47 |
| Value per share (INR) | From above. | ₹692.47 |
| Current discount | Discount to share price of
₹878.20
= -1 x (₹878.20 - ₹692.47) / ₹692.47 |
-26.8% |
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.
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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹34.50 |
| BSE:538567 Share Price ** | BSE (2019-02-21) in INR | ₹893.05 |
| India Chemicals Industry PE Ratio | Median Figure of 234 Publicly-Listed Chemicals Companies | 14.79x |
| India Market PE Ratio | Median Figure of 2,709 Publicly-Listed Companies | 15.3x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Gulf Oil Lubricants India.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:538567 Share Price ÷ EPS (both in INR) = 893.05 ÷ 34.50 |
25.89x |
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?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 25.89x |
| 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 64 Publicly-Listed Chemicals Companies | 1.15x |
| India Market PEG Ratio | Median Figure of 604 Publicly-Listed Companies | 1.15x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 25.89x ÷ 17.5% |
1.48x |
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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹103.33 |
| BSE:538567 Share Price * | BSE (2019-02-21) in INR | ₹893.05 |
| India Chemicals Industry PB Ratio | Median Figure of 271 Publicly-Listed Chemicals Companies | 1.42x |
| India Market PB Ratio | Median Figure of 3,588 Publicly-Listed Companies | 1.04x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:538567 Share Price ÷ Book Value per Share (both in INR) = 893.05 ÷ 103.33 |
8.64x |
* 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.
Value checks
We assess Gulf Oil Lubricants India's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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 | 18.7% |
| India Chemicals Industry Revenue Growth Rate | Market Cap Weighted Average | 14.4% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| 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 |
| 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.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 | 35.82 | 36.70 | 34.30 | 5.00 |
| 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%).
Future performance checks
We assess Gulf Oil Lubricants India's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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 not exceeded the IN Chemicals industry average in the past year (12.9% vs 15.4%).
Earnings and Revenue History
All data from Gulf Oil Lubricants India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Gulf Oil Lubricants India's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Gulf Oil Lubricants India Company Filings, last reported 1 month ago.
| 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.
Financial health checks
We assess Gulf Oil Lubricants India's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Gulf Oil Lubricants India has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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 (2.08%).
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.
| 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 165 Stocks | 1% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1397 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 | 2.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| 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 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 11.000 | 1.254 |
| 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 4 years.
Income/ dividend checks
We assess Gulf Oil Lubricants India's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| COMPENSATION | ₹39,695,089 |
| AGE | 52 |
| TENURE AS CEO | 4.7 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
MD & Director
₹40M
52
4.7 yrs
Manish Gangwal
Chief Financial Officer
₹14M
46
Vinayak Joshi
Company Secretary & Compliance Officer
₹4M
48
K. Swaminathan
General Manager of Technical Services
65
Anand Sathaye
Senior General Manager of Human Resources & Administration
Nagendra Pai
Senior Vice President of Channel Sales
Sunil Jambavdekar
Senior Vice President of Supply Chain
Satyabrata Das
Senior Vice President of OEM Business Operations
Shiva Mehra
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:
- The tenure for the Gulf Oil Lubricants India board of directors is about average.
Board of Directors
Sanjay Hinduja
Chairman of the Board
₹9M
54
Ravi Chawla
MD & Director
₹40M
52
5.8 yrs
Madras Ramachandran
Independent Director
₹3M
73
4.8 yrs
K. Kini
Independent Director
₹3M
73
4.8 yrs
Kanchan Chitale
Independent Director
₹3M
66
4.8 yrs
Shom Hinduja
Non-Executive Director
₹2M
28
2.5 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 (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||
| 06. Mar 18 | Sell | Dipnarayan Tiwari | Individual | 05. Mar 18 | 06. Mar 18 | -786 | ₹976.75 | ₹-767,722 | ||
| 05. Mar 18 | Sell | Ravi Chawla | Individual | 28. Feb 18 | 28. Feb 18 | -1,000 | ₹977.94 | ₹-977,940 | ||
Management checks
We assess Gulf Oil Lubricants India's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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
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 - – Full articleWhy 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleHow 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 - – Full articleGulf 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 - – Full articleGulf Oil Lubricants India Limited (NSE:GULFOILLUB): A Look At Return On Capital
and want a simplistic look at the return on Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) stock. … Buying Gulf Oil Lubricants India makes you a partial owner of the company. … Thus, to understand how your money can grow by investing in Gulf Oil Lubricants India, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleIs Gulf Oil Lubricants India Limited's (NSE:GULFOILLUB) PE Ratio A Signal To Sell For Investors?
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) is trading with a trailing P/E of 21.8, which is higher than the industry average of 16.8. … View our latest analysis for Gulf Oil Lubricants India
Simply Wall St - – Full articleDoes Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Have A Place In Your Portfolio?
Over the past 4 years, Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) has returned an average of 1.00% per year to shareholders in terms of dividend yield. … Does Gulf Oil Lubricants India tick all the boxes of a great dividend stock? … See our latest analysis for Gulf Oil Lubricants India
Simply Wall St - – Full articleA Look At Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) And The Basic Materials Sector
Gulf Oil Lubricants India Limited (NSE:GULFOILLUB), a ₹42.19b. … is a chemicals company operating in an industry. … This is a key risk that investors have to keep in mind when looking at stocks such as Gulf Oil Lubricants India due to the risky nature of its activities, which may impact future cash flows
Simply Wall St - – Full articleCompany Info
Map
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 |
| ₹43,821,599,360 | |
| 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
Industry
| Commodity Chemicals | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/22 13:02 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/18 |
| 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.
