Gulf Oil Lubricants India Ltd
- Market Cap ₹ 4,657 Cr.
- Current Price ₹ 943
- High / Low ₹ 1,332 / 864
- Stock P/E 12.7
- Book Value ₹ 334
- Dividend Yield 5.09 %
- ROCE 26.8 %
- ROE 25.3 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 58.6%
Cons
- Promoter holding has decreased over last 3 years: -4.91%
* 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
Energy Oil, Gas & Consumable Fuels Petroleum Products Lubricants
Part of BSE Allcap BSE Energy Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 2,192 | 2,999 | 3,301 | 3,631 | 3,954 | |
| 1,906 | 2,656 | 2,880 | 3,159 | 3,448 | |
| Operating Profit | 285 | 343 | 421 | 472 | 506 |
| OPM % | 13% | 11% | 13% | 13% | 13% |
| 44 | 47 | 68 | 99 | 72 | |
| Interest | 10 | 38 | 26 | 36 | 44 |
| Depreciation | 36 | 40 | 51 | 56 | 66 |
| Profit before tax | 284 | 313 | 412 | 479 | 468 |
| Tax % | 26% | 26% | 25% | 25% | |
| 211 | 232 | 308 | 357 | 348 | |
| EPS in Rs | 41.85 | 47.39 | 62.63 | 72.99 | 71.00 |
| Dividend Payout % | 12% | 53% | 57% | 66% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 33% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 |
| Reserves | 1,033 | 1,169 | 1,285 | 1,452 | 1,639 |
| 390 | 373 | 365 | 467 | 507 | |
| 399 | 520 | 749 | 829 | 759 | |
| Total Liabilities | 1,831 | 2,072 | 2,408 | 2,758 | 2,915 |
| 273 | 277 | 368 | 390 | 397 | |
| CWIP | 3 | 3 | 15 | 19 | 5 |
| Investments | 36 | 88 | 91 | 89 | 89 |
| 1,519 | 1,703 | 1,935 | 2,260 | 2,424 | |
| Total Assets | 1,831 | 2,072 | 2,408 | 2,758 | 2,915 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -24 | 273 | 341 | 395 | |
| -17 | 30 | -51 | 77 | |
| 98 | -202 | -238 | -150 | |
| Net Cash Flow | 57 | 102 | 53 | 323 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 56 | 50 | 55 | 50 |
| Inventory Days | 152 | 105 | 106 | 99 |
| Days Payable | 86 | 87 | 106 | 109 |
| Cash Conversion Cycle | 121 | 68 | 55 | 40 |
| Working Capital Days | 27 | 21 | 19 | 2 |
| ROCE % | 23% | 26% | 27% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Lubricant Installed Capacity KLPA ・Standalone data |
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| Auto Distributors Count ・Standalone data |
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| Core Lubricants Sales Volume KL ・Standalone data |
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| Retail Touchpoints Count ・Standalone data |
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| AdBlue Sales Volume KL ・Standalone data |
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| AdBlue Market Share % ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Mar - A Meet is scheduled to be held on Friday, March 20, 2026 with the Analyst/Institutional Investors.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Mar - Four-year renewal announced 6 March 2026; Gulf remains CSK Official Lubricants Partner after 13 seasons.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Mar - Newspaper cuttings of Business Standard (English) and Sakal (Marathi) wherein notice is published to the shareholders of the Company informing them about the introduction of …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
20 Feb - Gulf Oil renewed multi-year OEM agreement with Mahindra Tractors on Feb 20, 2026; Gulf to hold largest business share.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Concalls
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Feb 2026Transcript PPT
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Product Portfolio
The Co’s product portfolio comprises Automotive Lubricants, Industrial Lubricants and Specialty Oils, Marine Lubricants, EV Fluids, and AdBlue. It caters to the automotive, industrial, and marine sectors. [1]