GP Petroleums Ltd

GP Petroleums Ltd

₹ 54.4 6.66%
29 Sep 3:28 p.m.
About

GP Petroleums Ltd., incorporated in 1983, is engaged in the Manufacturing & Marketing of Industrial and Automotive Lubricants, Rubber Process Oils, etc., and the Trading of Base Oil and Fuel Oil.
GPPL is a part of the Gulf Petrochem FZC Group of companies,promoted by the Goel family. The ultimate parent co. - Gulf Petrochem FZC (GPF) – is an oil trader and ship fuel supplier based in the United Arab Emirates. [1]

Key Points

Products
Automotive Lubricants: Automotive Engine Oils, Automotive Gear and Transmission Oil, Automotive Greases, Engine coolant (Antifreeze) and Brake fluids, Diesel Exhaust Fluid, BS-IV & BS-VI Compliant Lubricants.
Industrial Lubricants & Specialties: Industrial Lubricating Oils, Industrial Specialty Oils, Metal Working Fluids, Corrosion preventive oils, Cleaners, and Quenching oils, Industrial Greases, Horticultural Orchard Spray Oils Process oils & Specialties.
Process oils & Specialties: Rubber Process Oils, White Oils, and Specialties, Transformer oils. [1]

  • Market Cap 278 Cr.
  • Current Price 54.4
  • High / Low 59.0 / 30.9
  • Stock P/E 15.1
  • Book Value 54.2
  • Dividend Yield 0.00 %
  • ROCE 12.2 %
  • ROE 10.2 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.01 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
78.88 168.37 169.87 192.68 155.31 146.76 232.87 182.60 220.14 204.26 184.08 181.91 177.37
80.16 156.35 159.22 186.84 160.79 136.41 221.51 168.95 204.56 196.01 177.95 175.41 170.71
Operating Profit -1.28 12.02 10.65 5.84 -5.48 10.35 11.36 13.65 15.58 8.25 6.13 6.50 6.66
OPM % -1.62% 7.14% 6.27% 3.03% -3.53% 7.05% 4.88% 7.48% 7.08% 4.04% 3.33% 3.57% 3.75%
0.22 0.21 0.32 0.21 0.14 0.03 0.02 0.01 0.01 0.01 0.94 0.09 0.28
Interest 0.80 1.55 0.05 -1.15 0.32 0.63 -0.81 0.71 -0.51 -1.29 0.88 0.19 -0.38
Depreciation 0.86 0.86 0.83 0.77 0.70 0.73 0.73 0.71 0.72 0.69 1.03 1.12 1.13
Profit before tax -2.72 9.82 10.09 6.43 -6.36 9.02 11.46 12.24 15.38 8.86 5.16 5.28 6.19
Tax % 23.90% 24.85% 25.07% 24.26% 25.00% 25.83% 25.83% 30.47% 25.68% 32.05% 26.55% 25.00% 25.36%
-2.07 7.37 7.56 4.86 -4.77 6.70 8.50 8.51 11.43 6.02 3.78 3.96 4.62
EPS in Rs -0.41 1.45 1.48 0.95 -0.94 1.31 1.67 1.67 2.24 1.18 0.74 0.78 0.91
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
480 417 404 407 422 480 519 607 495 610 718 790 748
453 403 387 393 394 450 484 572 467 583 687 752 720
Operating Profit 27 15 16 14 29 31 35 34 28 27 30 39 28
OPM % 6% 3% 4% 3% 7% 6% 7% 6% 6% 4% 4% 5% 4%
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 -1
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 25
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 18
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 3.61
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: -4%
Compounded Profit Growth
10 Years: 47%
5 Years: 10%
3 Years: 20%
TTM: -48%
Stock Price CAGR
10 Years: 23%
5 Years: -8%
3 Years: 11%
1 Year: -8%
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
22 22 25 25 25 25 25 25 25 25 25 25
Reserves 104 103 97 104 112 159 171 183 194 208 226 251
0 0 0 40 118 80 123 135 38 122 35 31
231 176 183 61 36 66 89 41 39 41 37 38
Total Liabilities 357 300 306 231 291 330 408 384 297 397 324 345
35 33 30 41 46 76 75 72 75 71 65 64
CWIP 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
276 232 256 186 244 254 333 312 221 325 259 281
Total Assets 357 300 306 231 291 330 408 384 297 397 324 345

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

2 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
73.18% 73.18% 73.18% 72.99% 72.85% 72.85% 72.85% 72.85% 63.44% 63.44% 63.44% 63.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.05% 0.04% 0.76% 0.15% 0.11% 0.16%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.24% 0.00% 0.00% 0.00% 0.00%
26.81% 26.82% 26.82% 27.01% 27.15% 27.13% 26.86% 26.88% 35.79% 36.39% 36.45% 36.40%
No. of Shareholders 13,41014,05814,33419,40120,91022,22324,61824,77123,12626,77026,77826,334

* 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.

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