Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Limited is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants, and greases.

Pros:
Promoter's stake has increased
Company has a good return on equity (ROE) track record: 3 Years ROE 40.49%
Company has been maintaining a healthy dividend payout of 34.46%
Cons:
Company might be capitalizing the interest cost

Peer Comparison Sector: Chemicals // Industry: Chemicals

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Quarterly Results Figures in Rs. Crores

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
273 264 265 286 280 323 356 373 390 417 462 436
225 220 224 240 231 261 294 310 326 346 389 362
Operating Profit 48 43 41 46 49 62 62 63 64 71 73 74
OPM % 18% 16% 15% 16% 18% 19% 17% 17% 17% 17% 16% 17%
Other Income 4 5 5 6 8 4 7 7 7 7 7 9
Interest 4 1 3 2 3 2 1 3 4 10 -2 3
Depreciation 2 2 2 2 2 2 2 4 5 6 6 6
Profit before tax 46 45 41 48 52 62 65 63 62 62 77 75
Tax % 35% 35% 35% 36% 34% 35% 35% 35% 35% 35% 35% 36%
Net Profit 30 29 27 31 34 40 42 41 40 40 50 48
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
0 0 0 0 967 1,011 1,087 1,332 1,706
0 0 0 0 838 852 909 1,097 1,423
Operating Profit -0 0 0 -0 129 159 178 236 283
OPM % 13% 16% 16% 18% 17%
Other Income 0 0 0 0 9 18 20 26 30
Interest 0 0 0 0 18 18 10 9 15
Depreciation 0 0 0 0 5 6 7 10 22
Profit before tax -0 0 0 -0 116 153 181 243 275
Tax % -0% -0% 33% 35% 35% 35%
Net Profit -0 0 0 -0 77 100 118 159 178
EPS in Rs 14.56 18.81 22.97 31.09
Dividend Payout % -0% -0% 35% 35% 36% 33%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:11.25%
TTM:28.04%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:26.92%
TTM:12.12%
Return on Equity
10 Years:%
5 Years:44.35%
3 Years:40.49%
Last Year:38.57%

Balance Sheet Figures in Rs. Crores

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0 0 0 0 10 10 10 10 10
Reserves -0 0 0 -0 177 239 344 457 577
Borrowings 0 0 0 0 215 195 178 248 283
0 0 0 34 164 208 208 317 273
Total Liabilities 0 0 0 34 567 651 741 1,032 1,142
0 0 0 34 89 107 118 260 270
CWIP 0 0 0 0 8 2 29 6 1
Investments 0 0 0 0 3 3 4 4 5
0 0 0 0 466 539 590 762 867
Total Assets 0 0 0 34 567 651 741 1,032 1,142

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
0 0 19 131 118 134 110
0 0 -19 1 -3 -10 -51
0 0 0 20 -79 -59 9
Net Cash Flow 0 0 -0 152 36 65 68

Ratios Figures in Rs. Crores

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 0% 0% -22% 67% 40% 39% 40%
Debtor Days 43 38 37 37
Inventory Turnover 13.67 6.78 7.08 6.89