Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Ltd

₹ 1,023 3.49%
25 Apr 10:14 a.m.
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

Product Portfolio
The Co’s product portfolio consists of Automotive Lubricants, Industrial Lubricants and Specialty Oils, Marine Lubricants, EV Fluids, AdBlue, etc. It caters across the automotive, industrial, and marine sector. [1]

  • Market Cap 5,028 Cr.
  • Current Price 1,023
  • High / Low 1,120 / 406
  • Stock P/E 17.6
  • Book Value 245
  • Dividend Yield 2.45 %
  • ROCE 23.5 %
  • ROE 20.9 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22.3%
  • Company has been maintaining a healthy dividend payout of 35.0%

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: Chemicals Industry: Chemicals

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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
482 517 417 534 602 639 706 720 781 792 812 802 817
399 439 375 456 525 550 621 639 691 705 719 702 706
Operating Profit 83 78 42 77 77 89 85 80 90 88 93 100 111
OPM % 17% 15% 10% 14% 13% 14% 12% 11% 12% 11% 11% 13% 14%
12 13 11 11 11 12 9 10 14 14 14 17 17
Interest 1 2 4 0 0 5 10 10 10 7 4 7 8
Depreciation 9 8 8 9 9 9 9 10 10 11 11 11 11
Profit before tax 86 81 41 79 79 86 74 70 84 84 92 99 108
Tax % 25% 26% 25% 26% 25% 26% 26% 26% 26% 26% 26% 26% 26%
64 60 30 59 59 63 55 52 63 62 68 74 81
EPS in Rs 12.73 11.88 6.03 11.64 11.63 12.57 11.29 10.64 12.78 12.68 13.93 15.00 16.45
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
0 0 0 967 1,011 1,087 1,332 1,706 1,644 1,652 2,192 2,999 3,223
0 0 0 838 852 909 1,097 1,423 1,357 1,387 1,906 2,656 2,831
Operating Profit 0 0 -0 129 159 178 236 283 287 265 286 343 392
OPM % 13% 16% 16% 18% 17% 17% 16% 13% 11% 12%
0 0 0 9 18 20 26 29 35 52 44 47 62
Interest 0 0 0 18 18 10 9 15 25 15 10 38 27
Depreciation 0 0 0 5 6 7 10 22 33 34 36 40 44
Profit before tax 0 0 -0 116 153 181 243 275 265 269 284 313 383
Tax % 0% 33% 35% 35% 35% 35% 23% 26% 26% 26%
0 0 -0 77 100 118 159 178 203 200 211 232 285
EPS in Rs 0.00 0.00 -2.00 15.62 20.24 23.69 31.90 35.70 40.42 39.77 41.86 47.39 58.06
Dividend Payout % 0% 35% 35% 36% 33% 32% 35% 40% 12% 53%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 22%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 5%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: 12%
1 Year: 143%
Return on Equity
10 Years: 29%
5 Years: 25%
3 Years: 22%
Last Year: 21%

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 0 0 0 10 10 10 10 10 10 10 10 10 10
Reserves 0 0 -0 177 239 344 457 577 751 859 1,033 1,169 1,191
0 0 0 215 195 178 248 283 376 211 390 373 413
0 0 34 162 205 206 313 273 309 365 360 520 614
Total Liabilities 0 0 34 565 649 738 1,029 1,142 1,447 1,446 1,792 2,072 2,228
0 0 34 89 107 118 260 270 280 254 273 277 263
CWIP 0 0 0 8 2 29 6 1 1 4 3 3 5
Investments 0 0 0 3 3 4 4 5 5 20 36 88 89
0 0 0 464 537 587 759 867 1,161 1,168 1,480 1,703 1,871
Total Assets 0 0 34 565 649 738 1,029 1,142 1,447 1,446 1,792 2,072 2,228

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
0 0 19 131 118 134 110 17 237 194 -24 273
0 0 -19 1 -3 -10 -51 -22 17 30 -17 30
0 0 0 20 -79 -59 9 -29 5 -277 98 -202
Net Cash Flow 0 0 -0 152 36 65 68 -34 259 -54 57 102

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 43 38 37 37 32 42 42 49 50
Inventory Days 97 117 103 140 149 163 175 152 92
Days Payable 66 97 91 132 86 129 134 86 76
Cash Conversion Cycle 74 58 48 45 95 76 82 115 66
Working Capital Days 45 34 30 34 63 64 63 88 63
ROCE % 0% -22% 67% 40% 39% 40% 37% 29% 25% 23%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.97% 71.82% 71.82% 71.82% 72.02% 72.02% 72.02% 72.02% 72.00% 71.94% 71.94% 71.80%
10.10% 9.17% 6.19% 5.18% 3.66% 3.64% 3.41% 3.57% 3.69% 4.42% 4.98% 7.08%
5.51% 5.18% 5.04% 5.80% 7.00% 6.98% 7.03% 7.02% 6.40% 5.77% 4.03% 5.02%
0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%
12.13% 13.53% 16.65% 16.90% 17.02% 17.07% 17.24% 17.10% 17.58% 17.56% 18.78% 15.80%
No. of Shareholders 60,11566,84659,54782,34267,49464,72662,22060,18659,10058,01260,82257,928

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls