Bharat Petroleum Corporation Ltd

About [ edit ]

Bharat Petroleum Corporation is engaged in the business of refining of crude oil and marketing of petroleum products.(Source : 201903 Annual Report Page No: 189)

  • Market Cap 97,584 Cr.
  • Current Price 450
  • High / Low 481 / 252
  • Stock P/E 17.0
  • Book Value 185
  • Dividend Yield 3.67 %
  • ROCE 8.20 %
  • ROE 10.5 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 66.66%
  • Promoter holding has increased by 1.08% over last quarter.

Cons

  • The company has delivered a poor sales growth of 3.24% over past five years.

Peer comparison

Sector: Refineries Industry: Refineries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2008 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
39,287 71,805 72,466 79,699 74,256 76,325 64,290 74,959 68,998 37,999 49,409 66,075
39,872 67,216 69,187 78,214 68,496 73,344 61,441 71,857 69,578 33,739 44,215 61,347
Operating Profit -585 4,589 3,279 1,485 5,760 2,982 2,849 3,102 -580 4,260 5,193 4,727
OPM % -1% 6% 5% 2% 8% 4% 4% 4% -1% 11% 11% 7%
Other Income 281 1,021 576 798 580 937 726 1,003 -646 585 -14 249
Interest 309 416 489 459 401 566 756 626 689 691 108 345
Depreciation 317 802 834 804 977 977 1,017 1,045 1,043 1,073 1,065 1,073
Profit before tax -929 4,392 2,533 1,019 4,962 2,375 1,801 2,434 -2,959 3,081 4,007 3,559
Tax % -7% 30% 36% 31% 37% 24% 9% 16% 39% 29% 35% 47%
Net Profit -1,029 2,904 1,463 523 2,912 1,624 1,503 1,776 -1,847 2,035 2,263 1,565
EPS in Rs -4.74 13.39 6.75 2.41 13.42 7.49 6.93 8.19 -8.52 9.38 10.43 7.22
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
135,239 123,194 153,765 212,140 242,181 264,421 242,598 187,815 201,251 235,895 298,226 284,572 222,481
131,392 120,001 149,115 207,221 235,316 255,007 232,818 174,844 187,468 220,578 283,113 276,179 208,880
Operating Profit 3,847 3,194 4,650 4,918 6,865 9,414 9,780 12,971 13,783 15,317 15,112 8,393 13,601
OPM % 3% 3% 3% 2% 3% 4% 4% 7% 7% 6% 5% 3% 6%
Other Income 952 2,148 1,336 1,351 1,337 1,344 2,117 1,913 2,721 2,927 2,975 1,976 174
Interest 2,404 1,125 1,266 2,259 2,518 1,982 1,180 680 696 1,186 1,764 2,637 1,834
Depreciation 1,262 1,445 1,891 2,411 2,463 2,611 3,027 2,072 2,108 2,885 3,418 4,080 4,254
Profit before tax 1,133 2,772 2,829 1,599 3,220 6,166 7,690 12,132 13,700 14,174 12,905 3,652 7,687
Tax % 36% 38% 38% 47% 40% 34% 34% 33% 31% 31% 34% -0%
Net Profit 634 1,632 1,635 781 1,881 3,911 4,807 8,089 8,721 9,009 7,802 3,055 4,016
EPS in Rs 2.92 7.53 7.54 3.60 8.67 18.03 22.16 37.29 40.20 41.53 35.97 14.08 18.51
Dividend Payout % 47% 34% 35% 55% 42% 31% 34% 25% 49% 46% 48% 106%
Compounded Sales Growth
10 Years:9%
5 Years:3%
3 Years:12%
TTM:-23%
Compounded Profit Growth
10 Years:9%
5 Years:-4%
3 Years:-23%
TTM:-27%
Stock Price CAGR
10 Years:17%
5 Years:11%
3 Years:1%
1 Year:6%
Return on Equity
10 Years:20%
5 Years:23%
3 Years:19%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
362 362 362 362 723 723 723 656 1,311 1,967 1,967 1,967 1,967
Reserves 12,950 13,781 14,989 15,518 16,052 18,703 21,825 27,138 30,033 35,108 37,255 35,022 38,093
Borrowings 24,239 26,692 25,038 30,153 33,157 33,152 25,492 23,388 35,725 37,659 44,839 65,476 49,266
16,523 20,944 26,402 31,781 29,696 35,882 38,281 35,241 42,017 45,621 52,866 48,395 62,742
Total Liabilities 54,073 61,779 66,791 77,814 79,628 88,460 86,322 86,422 109,086 120,356 136,926 150,860 152,068
14,692 17,135 19,658 24,988 24,721 27,580 29,109 25,358 33,684 45,539 49,315 60,175 67,890
CWIP 6,173 7,822 8,209 4,534 7,463 9,372 15,787 17,459 16,834 9,875 13,654 17,757 11,234
Investments 16,400 11,932 9,089 7,891 7,470 6,985 7,712 9,401 21,327 23,725 24,907 27,029 27,527
16,809 24,890 29,835 40,401 39,974 44,523 33,714 34,203 37,241 41,217 49,050 45,900 45,418
Total Assets 54,073 61,779 66,791 77,814 79,628 88,460 86,322 86,422 109,086 120,356 136,926 150,860 152,068

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7,018 -224 3,676 1,907 5,926 9,588 20,742 11,119 9,041 11,068 10,157 7,973
-12,817 -576 -453 -2,276 -3,604 -6,881 -10,536 -9,233 -15,274 -7,066 -10,451 -11,228
86 955 -177 -4,379 -846 -3,736 -9,792 -1,332 4,804 -4,218 207 3,583
Net Cash Flow -5,713 155 3,047 -4,748 1,476 -1,029 414 555 -1,429 -215 -87 329

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 10% 11% 9% 12% 16% 18% 26% 24% 22% 18% 8%
Debtor Days 4 8 6 9 7 6 4 4 9 8 8 7
Inventory Turnover 12.75 10.17 8.65 9.96 10.82 11.13 10.78 10.04 9.65 9.33 11.59 11.31

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
54.31 53.89 53.93 53.93 53.29 53.29 53.29 52.98 52.98 52.98 52.98 52.98
19.81 16.99 16.92 14.58 15.64 15.30 14.58 14.07 12.28 11.95 11.98 11.56
10.03 13.59 13.73 15.92 15.32 15.58 17.96 18.47 19.61 20.48 20.57 20.07
0.86 0.86 0.86 0.86 0.86 0.86 0.86 0.86 0.86 0.86 0.86 0.86
14.99 14.67 14.55 14.71 14.88 14.96 13.30 13.63 14.27 13.73 13.61 12.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00

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