Gulf Oil Lubricants India Ltd

₹ 441 -0.53%
12 Aug - close price
About

Gulf Oil Lubricants Ltd is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants.[1] It is among the top three lubricant companies in India among private players.[2]

Key Points

Unit Sales Breakup
In FY20, two wheeler lubricants accounted for ~81% of total lubricant units sold, followed by passenger vehicles (13%), commercial vehicles (3%) and three wheeler (3%).[1]

  • Market Cap 2,161 Cr.
  • Current Price 441
  • High / Low 626 / 378
  • Stock P/E 9.15
  • Book Value 207
  • Dividend Yield 1.13 %
  • ROCE 23.4 %
  • ROE 22.1 %
  • Face Value 2.00
Laxmibai Ganesh Thuse
Laxmibai Ganesh Thuse
She was chosen by Mahatma Gandhi to offer Satyagraha.She pursued people towards non-violence and made anti-war speeches.
Unsung Heroes →
Bhikubhai Gomansinh Solanki
Bhikubhai Gomansinh Solanki
He helped in liberation of Dadra and Nagar Haveli. He strategically coordinated with freedom fighters and captured Naroli during the time of floods. People of Naroli called him Kazi because he solved the problems of people.
Unsung Heroes →

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
  • Company has been maintaining a healthy dividend payout of 28.9%

Cons

  • Company might be capitalizing the interest cost

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
441 421 422 360 241 412 482 517 417 534 602 639 706
363 346 344 304 216 333 399 439 375 456 525 550 621
Operating Profit 78 76 78 55 25 78 83 78 42 77 77 89 85
OPM % 18% 18% 18% 15% 11% 19% 17% 15% 10% 14% 13% 14% 12%
8 8 9 10 13 14 12 13 11 11 11 12 9
Interest 3 7 4 10 7 5 1 2 4 0 0 5 10
Depreciation 8 8 8 9 8 9 9 8 8 9 9 9 9
Profit before tax 75 69 74 47 23 79 86 81 41 79 79 86 74
Tax % 35% 10% 24% 23% 26% 25% 25% 26% 25% 26% 25% 26% 26%
Net Profit 49 62 56 36 17 59 64 60 30 59 59 63 55
EPS in Rs 9.78 12.38 11.15 7.17 3.43 11.78 12.73 11.88 6.03 11.64 11.63 12.57 11.29

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 0 0 0 967 1,011 1,087 1,332 1,706 1,644 1,652 2,192 2,481
0 0 0 0 838 852 909 1,097 1,423 1,357 1,387 1,906 2,152
Operating Profit -0 0 0 -0 129 159 178 236 283 287 265 286 328
OPM % 13% 16% 16% 18% 17% 17% 16% 13% 13%
0 0 0 0 9 18 20 26 29 35 52 44 43
Interest 0 0 0 0 18 18 10 9 15 25 15 10 16
Depreciation 0 0 0 0 5 6 7 10 22 33 34 36 37
Profit before tax -0 0 0 -0 116 153 181 243 275 265 269 284 318
Tax % 0% 0% 33% 35% 35% 35% 35% 23% 26% 26%
Net Profit -0 0 0 -0 77 100 118 159 178 203 200 211 236
EPS in Rs -2.00 0.00 0.00 -2.00 15.62 20.24 23.69 31.90 35.70 40.42 39.77 41.86 47.13
Dividend Payout % 0% 0% 35% 35% 36% 33% 32% 35% 40% 12%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 9%
TTM: 36%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 6%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: -12%
3 Years: -18%
1 Year: -26%
Return on Equity
10 Years: 31%
5 Years: 28%
3 Years: 25%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 0 0 0 10 10 10 10 10 10 10 10
Reserves -0 0 0 -0 177 239 344 457 577 751 859 1,033
0 0 0 0 215 195 178 248 283 376 211 390
0 0 0 34 162 205 206 313 273 309 365 360
Total Liabilities 0 0 0 34 565 649 738 1,029 1,142 1,447 1,446 1,792
0 0 0 34 89 107 118 260 270 280 254 273
CWIP 0 0 0 0 8 2 29 6 1 1 4 3
Investments 0 0 0 0 3 3 4 4 5 5 20 36
0 0 0 0 464 537 587 759 867 1,161 1,168 1,480
Total Assets 0 0 0 34 565 649 738 1,029 1,142 1,447 1,446 1,792

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 0 19 131 118 134 110 17 237 194 -24
0 0 -19 1 -3 -10 -51 -22 17 30 -17
0 0 0 20 -79 -59 9 -29 5 -277 98
Net Cash Flow 0 0 -0 152 36 65 68 -34 259 -54 57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 43 38 37 37 32 42 42 49
Inventory Days 97 117 103 140 149 163 175 132
Days Payable 66 97 91 132 86 129 134 75
Cash Conversion Cycle 74 58 48 45 95 76 82 106
Working Capital Days 45 34 30 34 63 64 63 88
ROCE % 0% -22% 67% 40% 39% 40% 37% 29% 25% 23%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
72.32 72.29 72.29 72.25 72.18 72.02 71.99 71.97 71.82 71.82 71.82 72.02
11.89 11.92 11.96 11.89 10.98 11.45 11.31 10.10 9.17 6.19 5.18 3.66
4.80 5.22 5.42 5.49 6.30 6.06 6.22 5.51 5.18 5.04 5.80 7.00
0.00 0.00 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30
10.99 10.57 10.04 10.07 10.24 10.17 10.18 12.13 13.53 16.65 16.90 17.02

Documents

Concalls

Laxmibai Ganesh Thuse
Laxmibai Ganesh Thuse
She was chosen by Mahatma Gandhi to offer Satyagraha.She pursued people towards non-violence and made anti-war speeches.
Unsung Heroes →
Bhikubhai Gomansinh Solanki
Bhikubhai Gomansinh Solanki
He helped in liberation of Dadra and Nagar Haveli. He strategically coordinated with freedom fighters and captured Naroli during the time of floods. People of Naroli called him Kazi because he solved the problems of people.
Unsung Heroes →