NSEI:GULFOILLUB

Stock Analysis Report

Gulf Oil Lubricants India

Market Cap

₹43.1b

Last Updated

2019/11/22 13:04 UTC

Data Sources

Company Financials +

Executive Summary

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for use in the automobile and industrial sectors in India.

Snowflake

Fundamentals

Excellent balance sheet with solid track record.

Share Price & News

How has Gulf Oil Lubricants India's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: GULFOILLUB has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return

-1.1%

GULFOILLUB

-0.8%

IN Chemicals

0.5%

IN Market

1 Year Return

13.3%

GULFOILLUB

8.3%

IN Chemicals

5.6%

IN Market

Return vs Industry: GULFOILLUB exceeded the Indian Chemicals industry which returned 8.3% over the past year.

Return vs Market: GULFOILLUB exceeded the Indian Market which returned 5.6% over the past year.

Shareholder returns

GULFOILLUBIndustryMarket
7 Day-1.1%-0.8%0.5%
30 Day-3.0%-1.1%2.1%
90 Day1.2%9.3%10.4%
1 Year14.8%13.3%11.0%8.3%7.6%5.6%
3 Year35.9%30.9%57.4%51.0%37.0%29.9%
5 Year97.8%87.1%116.2%99.7%39.6%27.0%

Price Volatility Vs. Market

How volatile is Gulf Oil Lubricants India's share price compared to the market and industry in the last 5 years?

Simply Wall St News

5 days ago | Simply Wall St

Three Things You Should Check Before Buying Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) For Its Dividend

2 weeks ago | Simply Wall St

Gulf Oil Lubricants India Limited (NSE:GULFOILLUB) Delivered A Better ROE Than Its Industry

4 weeks ago | Simply Wall St

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

Valuation

Is Gulf Oil Lubricants India undervalued compared to its fair value and its price relative to the market?

20.24x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GULFOILLUB (₹860.7) is trading above our estimate of fair value (₹822.84)

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

Price To Earnings Ratio

PE vs Industry: GULFOILLUB is poor value based on its PE Ratio (20.2x) compared to the Chemicals industry average (10.7x).

PE vs Market: GULFOILLUB is poor value based on its PE Ratio (20.2x) compared to the Indian market (13.1x).

Price to Earnings Growth Ratio

PEG Ratio: GULFOILLUB is poor value based on its PEG Ratio (1.5x)

Price to Book Ratio

PB vs Industry: GULFOILLUB is overvalued based on its PB Ratio (6.3x) compared to the IN Chemicals industry average (1.1x).

Next Steps

Future Growth

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

13.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GULFOILLUB's forecast earnings growth (13.8% per year) is above the savings rate (7.6%).

Earnings vs Market: GULFOILLUB's earnings (13.8% per year) are forecast to grow slower than the Indian market (19.4% per year).

High Growth Earnings: GULFOILLUB's earnings are forecast to grow, but not significantly.

Revenue vs Market: GULFOILLUB's revenue (11.3% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: GULFOILLUB's revenue (11.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GULFOILLUB's Return on Equity is forecast to be high in 3 years time (32.3%)

Next Steps

Past Performance

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

20.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GULFOILLUB has a high level of non-cash earnings.

Growing Profit Margin: GULFOILLUB's current net profit margins (11.8%) are higher than last year (10.7%).

Past Earnings Growth Analysis

Earnings Trend: GULFOILLUB's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: GULFOILLUB's earnings growth over the past year (26.7%) exceeds its 5-year average (20.5% per year).

Earnings vs Industry: GULFOILLUB earnings growth over the past year (26.7%) exceeded the Chemicals industry 10.7%.

Return on Equity

High ROE: GULFOILLUB's Return on Equity (31.2%) is considered high.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is Gulf Oil Lubricants India's financial position?

Financial Position Analysis

Short Term Liabilities: GULFOILLUB's short term assets (₹9.7B) exceeds its short term liabilities (₹5.9B)

Long Term Liabilities: GULFOILLUB's short term assets (₹9.7B) exceeds its long term liabilities (342.4M)

Debt to Equity History and Analysis

Debt Level: GULFOILLUB's debt to equity ratio (43.9%) is considered high.

Reducing Debt: GULFOILLUB's debt to equity ratio has reduced from 115.1% to 43.9% over the past 5 years.

Debt Coverage: GULFOILLUB's debt is well covered by operating cash flow (34.4%).

Interest Coverage: GULFOILLUB earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Inventory Level: GULFOILLUB has a high level of physical assets or inventory.

Debt Coverage by Assets: GULFOILLUB's debt is covered by short term assets (assets are 3.3x debt).

Next Steps

Dividend

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

1.36%

Current Dividend Yield

Dividend Yield vs Market

company1.4%marketbottom25%0.6%markettop25%2.5%industryaverage0.9%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: GULFOILLUB's dividend (1.36%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: GULFOILLUB's dividend (1.36%) is low compared to the top 25% of dividend payers in the Indian market (2.46%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GULFOILLUB has been paying a dividend for less than 10 years.

Growing Dividend: GULFOILLUB's dividend payments have increased, but the company has only paid a dividend for 5 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.8%), GULFOILLUB's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps

Management

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

5.5yrs

Average board tenure

CEO

Ravi Chawla (53yo)

5.4yrs

Tenure

₹47,511,372

Compensation

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 O ...

CEO Compensation Analysis

Compensation vs Market: Ravi's total compensation ($USD662.10K) is above average for companies of similar size in the Indian market ($USD330.06K).

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

Board Age and Tenure

5.5yrs

Average Tenure

61yo

Average Age

Experienced Board: GULFOILLUB's board of directors are considered experienced (5.5 years average tenure).

Insider Trading

Insider Buying: GULFOILLUB insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Sell₹139,34703 Oct 19
Somesh Sabhani
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Industrial Sales
Shares161
Max Price₹865.51
Sell₹5,679,37903 Oct 19
Satyabrata Das
EntityIndividual
Role
Chief Operating Officer
Senior Vice President of OEM Business Operations
Shares6,528
Max Price₹870.00
Sell₹483,09830 Sep 19
C. Jaykumar
EntityIndividual
Shares550
Max Price₹878.36
Sell₹2,860,57627 Sep 19
Satyabrata Das
EntityIndividual
Role
Chief Operating Officer
Senior Vice President of OEM Business Operations
Shares3,242
Max Price₹882.61
Sell₹440,00027 Sep 19
Dipnarayan Tiwari
EntityIndividual
Role
Senior Key Executive
Senior General Manager of Infrastructure
Shares500
Max Price₹880.00
Sell₹1,767,00025 Sep 19
Nilesh Garg
EntityIndividual
Shares2,000
Max Price₹883.50
Sell₹529,11525 Sep 19
himanshu Tiwari
EntityIndividual
Shares600
Max Price₹881.86
Sell₹1,762,00025 Sep 19
Anand Sathaye
EntityIndividual
Role
Chief Administrative Officer
Senior General Manager of Human Resources & Administration
Shares2,000
Max Price₹881.00
Sell₹5,755,69225 Sep 19
Somesh Sabhani
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Industrial Sales
Shares6,548
Max Price₹879.00
Sell₹6,920,00519 Sep 19
Nilesh Garg
EntityIndividual
Shares8,000
Max Price₹865.00
Sell₹15,292,81819 Sep 19
Ravi Chawla
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares17,834
Max Price₹857.51
Sell₹2,622,99716 Sep 19
Nilesh Garg
EntityIndividual
Shares3,032
Max Price₹865.10
Sell₹24,638,91714 Sep 19
Ravi Chawla
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares28,726
Max Price₹857.72
Sell₹6,821,65014 Sep 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares7,989
Max Price₹853.88
Sell₹6,027,52610 Sep 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares7,011
Max Price₹859.72
Sell₹4,237,10605 Sep 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares5,000
Max Price₹847.42
Sell₹2,788,93205 Sep 19
Manish Gangwal
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares3,231
Max Price₹863.18
Sell₹4,230,09603 Sep 19
Nilesh Garg
EntityIndividual
Shares4,908
Max Price₹861.88
Sell₹12,773,36003 Sep 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares15,000
Max Price₹851.56
Sell₹8,526,15029 Aug 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares10,000
Max Price₹852.61
Sell₹10,200,00027 Aug 19
Dipnarayan Tiwari
EntityIndividual
Role
Senior Key Executive
Senior General Manager of Infrastructure
Shares12,000
Max Price₹850.00
Sell₹2,687,00019 Jun 19
Satyabrata Das
EntityIndividual
Role
Chief Operating Officer
Senior Vice President of OEM Business Operations
Shares3,000
Max Price₹895.67
Sell₹9,049,99915 Jun 19
Ravi Chawla
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares10,000
Max Price₹905.00
Sell₹4,500,00008 Jun 19
Ravi Chawla
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares5,000
Max Price₹900.00
Sell₹905,00007 Jun 19
Anand Sathaye
EntityIndividual
Role
Chief Administrative Officer
Senior General Manager of Human Resources & Administration
Shares1,000
Max Price₹905.00
Sell₹2,711,03204 Jun 19
Nilesh Garg
EntityIndividual
Shares3,028
Max Price₹895.32
Sell₹900,00004 Jun 19
Anand Sathaye
EntityIndividual
Role
Chief Administrative Officer
Senior General Manager of Human Resources & Administration
Shares1,000
Max Price₹900.00
Sell₹4,475,00031 May 19
Ravi Chawla
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares5,000
Max Price₹895.00
Sell₹895,00029 May 19
Anand Sathaye
EntityIndividual
Role
Chief Administrative Officer
Senior General Manager of Human Resources & Administration
Shares1,000
Max Price₹895.00
Sell₹5,346,87229 May 19
Nilesh Garg
EntityIndividual
Shares6,019
Max Price₹888.33
Sell₹3,150,62828 Feb 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares3,571
Max Price₹882.28
Sell₹406,50004 Feb 19
Somesh Sabhani
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Industrial Sales
Shares450
Max Price₹903.33
Sell₹4,509,79602 Feb 19
Manish Gangwal
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares5,000
Max Price₹901.96
Sell₹894,25401 Feb 19
Anand Sathaye
EntityIndividual
Role
Chief Administrative Officer
Senior General Manager of Human Resources & Administration
Shares1,000
Max Price₹894.25
Sell₹4,430,51221 Jan 19
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares5,000
Max Price₹886.10
Sell₹1,065,00021 Jan 19
Somesh Sabhani
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Industrial Sales
Shares1,200
Max Price₹887.50
Sell₹1,782,22521 Jan 19
Nilesh Garg
EntityIndividual
Shares2,000
Max Price₹891.11
Sell₹7,514,99926 Dec 18
Sunil Jambavdekar
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Supply Chain
Shares9,000
Max Price₹835.00
Sell₹1,628,37724 Dec 18
Ravi Chawla
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares2,000
Max Price₹814.19
Sell₹1,536,38107 Dec 18
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares2,000
Max Price₹768.19
Sell₹1,536,15405 Dec 18
Nagendra Pai
EntityIndividual
Role
Head of Sales
President of Channel Sales
Shares2,047
Max Price₹750.44

Ownership Breakdown

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

Management Team

  • K. Swaminathan (66yo)

    Senior General Manager of Technical Services

    • Tenure: 0yrs

  • Sunil Jambavdekar

    Senior Vice President of Supply Chain

    • Tenure: 0yrs

  • Satyabrata Das

    Senior Vice President of OEM Business Operations

    • Tenure: 0yrs

  • Vinayak Joshi (49yo)

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹4.75m

  • Ravi Chawla (53yo)

    MD & Director

    • Tenure: 5.4yrs
    • Compensation: ₹47.51m

  • Manish Gangwal (47yo)

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: ₹21.52m

  • Somesh Sabhani

    Senior Vice President of Industrial Sales

    • Tenure: 0yrs

  • Nagendra Pai

    President of Channel Sales

    • Tenure: 0yrs

  • Anand Sathaye

    Senior General Manager of Human Resources & Administration

    • Tenure: 0yrs

  • Dipnarayan Tiwari

    Senior General Manager of Infrastructure

    • Tenure: 0yrs

Board Members

  • Madras Ramachandran (74yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: ₹3.35m

  • Sanjay Hinduja (55yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: ₹9.68m

  • Kanchan Chitale (67yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: ₹3.46m

  • K. Kini (74yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: ₹3.34m

  • Ravi Chawla (53yo)

    MD & Director

    • Tenure: 5.4yrs
    • Compensation: ₹47.51m

  • Shom Hinduja (29yo)

    Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: ₹1.61m

Company Information

Gulf Oil Lubricants India Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Gulf Oil Lubricants India Limited
  • Ticker: GULFOILLUB
  • Exchange: NSEI
  • Founded: 2008
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹43.052b
  • Shares outstanding: 50.10m
  • Website: https://www.gulfoilindia.com

Number of Employees

Location

  • Gulf Oil Lubricants India Limited
  • IN Centre, 49/50
  • 12th Road
  • Mumbai
  • Maharashtra
  • 400093
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
538567BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2014
GULFOILLUBNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2014

Biography

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for use in the automobile and industrial sectors in India. The company offers automotive lubricants, such as engine oil, gear  ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 13:04
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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