Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Ltd

₹ 602 1.21%
28 Mar - close price
About

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.[1]

Key Points

Refineries Capacity
Total Capacity - 35.3 MMTPA
Refinery Locations:
Mumbai - 12 MMTPA
Kochi - 15.5 MMTPA
Bina, Madhya Pradesh - 7.8 MMTPA [1]
It possesses 14-15% of the country's total refining capacity. [2]

  • Market Cap 1,30,676 Cr.
  • Current Price 602
  • High / Low 688 / 327
  • Stock P/E 4.35
  • Book Value 324
  • Dividend Yield 3.49 %
  • ROCE 7.12 %
  • ROE 5.76 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 54.1%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Refineries Industry: Refineries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
66,731 76,890 70,921 76,390 95,086 104,245 121,047 114,808 119,158 118,112 112,978 102,986 115,494
62,426 71,824 67,669 71,623 90,030 98,258 126,912 113,374 114,924 106,958 97,168 90,078 109,268
Operating Profit 4,306 5,066 3,253 4,767 5,057 5,986 -5,865 1,434 4,234 11,154 15,810 12,908 6,226
OPM % 6% 7% 5% 6% 5% 6% -5% 1% 4% 9% 14% 13% 5%
1,095 8,649 375 888 704 586 442 557 452 -627 492 771 680
Interest 251 478 487 512 565 646 616 811 978 812 679 768 502
Depreciation 994 1,000 1,145 1,388 1,389 1,494 1,613 1,557 1,582 1,596 1,609 1,600 1,824
Profit before tax 4,156 12,237 1,996 3,755 3,807 4,432 -7,652 -376 2,126 8,118 14,013 11,312 4,580
Tax % 33% 2% 25% 24% 26% 44% 18% 19% 8% 20% 25% 25% 26%
2,778 11,940 1,502 2,841 2,828 2,501 -6,263 -304 1,960 6,478 10,551 8,501 3,397
EPS in Rs 12.80 55.04 6.92 13.10 13.04 11.53 -28.87 -1.40 9.03 29.86 48.64 39.19 15.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
211,973 240,116 260,075 238,087 188,405 202,211 236,421 297,275 284,383 232,553 346,644 473,125 449,570
207,965 233,985 251,932 229,772 177,259 191,345 224,480 285,311 277,702 215,393 327,618 462,157 403,472
Operating Profit 4,008 6,131 8,143 8,315 11,146 10,866 11,941 11,964 6,680 17,160 19,026 10,967 46,098
OPM % 2% 3% 3% 3% 6% 5% 5% 4% 2% 7% 5% 2% 10%
1,560 1,656 1,412 2,200 1,655 2,564 2,831 2,984 1,959 10,764 4,272 813 1,316
Interest 1,800 1,825 1,359 583 565 496 833 1,319 2,182 1,328 2,209 3,216 2,761
Depreciation 1,885 1,926 2,247 2,516 1,845 1,891 2,653 3,189 3,787 3,978 5,418 6,347 6,629
Profit before tax 1,884 4,036 5,949 7,416 10,391 11,043 11,286 10,440 2,671 22,618 15,672 2,217 38,024
Tax % 30% 35% 32% 31% 32% 27% 29% 32% -0% 16% 27% 16%
1,311 2,643 4,061 5,085 7,056 8,039 7,976 7,132 2,683 19,042 11,363 1,870 28,927
EPS in Rs 6.04 12.18 18.72 23.44 32.53 37.06 36.77 32.88 12.37 87.78 52.38 8.62 133.35
Dividend Payout % 30% 30% 30% 32% 29% 53% 52% 52% 121% 87% 30% 46%
Compounded Sales Growth
10 Years: 7%
5 Years: 15%
3 Years: 18%
TTM: -2%
Compounded Profit Growth
10 Years: 1%
5 Years: -18%
3 Years: -6%
TTM: 1525%
Stock Price CAGR
10 Years: 15%
5 Years: 9%
3 Years: 12%
1 Year: 77%
Return on Equity
10 Years: 20%
5 Years: 17%
3 Years: 18%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 362 723 723 723 656 1,311 1,967 1,967 1,967 2,093 2,129 2,129 2,129
Reserves 14,552 15,911 18,736 21,744 26,667 28,357 32,165 34,771 31,248 52,452 49,516 49,867 68,199
22,994 23,839 20,322 13,098 15,857 23,159 23,351 29,099 47,819 34,160 42,215 44,775 31,382
27,699 26,498 32,347 34,179 32,177 39,162 42,649 49,790 45,436 51,889 70,324 64,032 82,527
Total Liabilities 65,607 66,972 72,127 69,745 75,357 91,990 100,131 115,627 126,469 140,594 164,184 160,804 184,238
16,612 16,690 19,040 20,315 23,207 31,437 43,028 46,488 56,951 63,936 83,806 86,596 85,636
CWIP 1,119 2,420 3,065 7,666 12,664 11,623 4,408 7,066 9,505 7,350 4,997 5,673 7,132
Investments 10,917 12,103 11,847 12,391 12,811 14,601 15,626 15,992 16,058 17,684 12,632 13,872 17,324
36,958 35,758 38,176 29,373 26,674 34,328 37,069 46,082 43,955 51,624 62,749 54,662 74,146
Total Assets 65,607 66,972 72,127 69,745 75,357 91,990 100,131 115,627 126,469 140,594 164,184 160,804 184,238

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
926 5,480 8,404 18,183 10,179 7,897 9,009 7,645 6,265 20,030 20,813 10,664
-891 -2,387 -4,286 -7,909 -7,975 -10,130 -4,741 -7,537 -9,172 2,170 -7,350 -6,397
-4,713 -1,743 -6,244 -9,121 -1,840 567 -4,423 -87 2,940 -15,622 -18,662 -3,666
Net Cash Flow -4,678 1,350 -2,126 1,153 364 -1,666 -155 21 34 6,578 -5,198 601

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 11 6 6 4 4 9 8 8 7 12 10 5
Inventory Days 30 27 29 24 31 41 37 30 29 50 51 32
Days Payable 24 14 18 21 19 24 26 24 18 30 36 20
Cash Conversion Cycle 17 19 17 7 16 26 18 14 18 32 24 17
Working Capital Days 8 11 6 -13 -19 -13 -7 -4 -7 -14 -8 -4
ROCE % 11% 15% 18% 21% 28% 24% 22% 19% 8% 21% 18% 7%

Shareholding Pattern

Numbers in percentages

19 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98% 52.98%
12.42% 12.63% 11.97% 12.66% 13.69% 13.17% 12.96% 12.53% 12.57% 12.55% 13.01% 14.21%
23.31% 22.36% 21.73% 21.14% 19.85% 20.70% 20.90% 21.80% 22.59% 23.10% 22.53% 22.13%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.94% 0.94% 0.94% 0.94% 0.94% 0.94%
8.43% 10.86% 12.15% 12.05% 12.31% 11.98% 12.23% 11.44% 10.61% 10.12% 10.21% 9.44%
2.00% 0.32% 0.32% 0.32% 0.32% 0.32% 0.00% 0.32% 0.32% 0.32% 0.32% 0.32%
No. of Shareholders 4,68,3775,62,9477,69,8958,37,4569,30,4869,41,2429,42,6359,09,7178,58,1368,16,7218,17,3397,49,213

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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