GP Petroleums Ltd

GP Petroleums Ltd

₹ 67.8 -1.31%
24 Apr - close price
About

Incorporated in 1983, GP Petroleums Ltd
does Manufacturing & Marketing of Industrial
and Automotive Lubricants, Rubber Process
Oils etc. and Trading of Base Oil, Fuel oil and
Bitumen[1]

Key Points

Business Overview:[1]
GPPL is an ISO 9001:2015, EMS 14001:2015 & ISO 45001:2018 certified company which specializes in formulation, manufacturing and marketing of Industrial Lubricants, Automotive Lubricants, Process Oils, Transformer Oils, Greases, and other specialties under its brand name IPOL. It also trades in base oils, bitumen, coal and bunker fuel oil. Company complies with several contemporary national and international performance specifications, such as API, JASO, ACEA, and several other Auto & Industrial OEM credentials

  • Market Cap 345 Cr.
  • Current Price 67.8
  • High / Low 90.2 / 34.0
  • Stock P/E 14.0
  • Book Value 56.9
  • Dividend Yield 0.00 %
  • ROCE 12.2 %
  • ROE 10.2 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.19 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.67% over last 3 years.
  • Promoter holding has decreased over last 3 years: -9.74%

* 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

Figures in Rs. Crores

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
169.87 192.68 155.31 146.76 232.87 182.60 220.14 204.26 184.08 181.91 177.37 161.98 154.96
159.22 186.84 160.79 136.41 221.51 168.95 204.56 196.01 177.95 175.41 170.71 148.45 145.22
Operating Profit 10.65 5.84 -5.48 10.35 11.36 13.65 15.58 8.25 6.13 6.50 6.66 13.53 9.74
OPM % 6.27% 3.03% -3.53% 7.05% 4.88% 7.48% 7.08% 4.04% 3.33% 3.57% 3.75% 8.35% 6.29%
0.32 0.21 0.14 0.03 0.02 0.01 0.01 0.01 0.94 0.09 0.28 0.43 0.45
Interest 0.05 -1.15 0.32 0.63 -0.81 0.71 -0.51 -1.29 0.88 0.19 -0.38 0.06 0.37
Depreciation 0.83 0.77 0.70 0.73 0.73 0.71 0.72 0.69 1.03 1.12 1.13 1.12 1.12
Profit before tax 10.09 6.43 -6.36 9.02 11.46 12.24 15.38 8.86 5.16 5.28 6.19 12.78 8.70
Tax % 25.07% 24.26% 25.00% 25.83% 25.83% 30.47% 25.68% 32.05% 26.55% 25.00% 25.36% 25.35% 25.52%
7.56 4.86 -4.77 6.70 8.50 8.51 11.43 6.02 3.78 3.96 4.62 9.53 6.47
EPS in Rs 1.48 0.95 -0.94 1.31 1.67 1.67 2.24 1.18 0.74 0.78 0.91 1.87 1.27
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
480 417 404 407 422 480 519 607 495 610 718 790 676
453 403 387 393 394 450 484 572 467 583 687 752 640
Operating Profit 27 15 16 14 29 31 35 34 28 27 30 39 36
OPM % 6% 3% 4% 3% 7% 6% 7% 6% 6% 4% 4% 5% 5%
4 4 3 3 1 12 1 1 1 1 -0 -1 1
Interest 29 18 14 10 5 8 7 7 7 1 1 -1 0
Depreciation 2 2 2 3 3 3 3 3 4 3 3 4 4
Profit before tax 0 -2 3 5 22 31 25 25 19 24 26 35 33
Tax % 86% 39% 60% -11% 37% 34% 35% 36% 17% 25% 28% 27%
0 -1 1 5 14 20 16 16 16 18 19 25 25
EPS in Rs 0.01 -0.13 0.20 0.99 2.67 4.02 3.21 3.19 3.05 3.48 3.71 4.94 4.83
Dividend Payout % 73% -3% 5% 10% 19% 19% 23% 24% 25% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 17%
TTM: -15%
Compounded Profit Growth
10 Years: 47%
5 Years: 10%
3 Years: 20%
TTM: -17%
Stock Price CAGR
10 Years: 20%
5 Years: 0%
3 Years: 16%
1 Year: 96%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 9%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

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 22 22 25 25 25 25 25 25 25 25 25 25 25
Reserves 104 103 97 104 112 159 171 183 194 208 226 251 265
0 0 0 40 118 80 123 135 38 122 35 31 30
231 176 183 61 36 66 89 41 39 41 37 38 50
Total Liabilities 357 300 306 231 291 330 408 384 297 397 324 345 370
35 33 30 41 46 76 75 72 75 71 65 64 73
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 46 35 20 4 0 0 0 0 0 0 0 0 0
276 232 256 186 244 254 333 312 221 325 259 281 297
Total Assets 357 300 306 231 291 330 408 384 297 397 324 345 370

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 -15 -15 -18 17 29 -35 -12 111 -56 62 11
-3 13 17 3 -7 1 4 0 -1 -2 15 5
-4 -3 -1 11 -5 -40 33 2 -109 71 -92 -17
Net Cash Flow 6 -5 1 -4 5 -10 2 -10 0 14 -14 -0

Ratios

Figures in Rs. Crores

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 100 81 102 77 113 97 99 55 59 58 56 63
Inventory Days 87 96 107 63 64 72 115 109 69 108 60 44
Days Payable 210 175 185 54 23 43 51 11 12 13 10 11
Cash Conversion Cycle -23 2 24 86 154 126 164 153 115 153 105 96
Working Capital Days 5 18 38 85 154 128 161 160 132 153 113 109
ROCE % 23% 13% 14% 9% 13% 12% 11% 10% 9% 8% 9% 12%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.99% 72.85% 72.85% 72.85% 72.85% 63.44% 63.44% 63.44% 63.44% 63.44% 63.44% 63.44%
0.00% 0.00% 0.02% 0.05% 0.04% 0.76% 0.15% 0.11% 0.16% 0.74% 0.97% 0.55%
0.00% 0.00% 0.00% 0.24% 0.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.01% 27.15% 27.13% 26.86% 26.88% 35.79% 36.39% 36.45% 36.40% 35.81% 35.58% 36.01%
No. of Shareholders 19,40120,91022,22324,61824,77123,12626,77026,77826,33427,95026,24431,979

* 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.

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