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Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500547 | NSE: BPCL

Bharat Petroleum Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹155.68Overvalued by 44.60%vs CMP ₹281.00

P/E (4.9) × ROE (17.3%) × BV (₹217.00) × DY (6.22%)

₹439.35Undervalued by 56.35%vs CMP ₹281.00
MoS: +36% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹180.6823%Over (-35.7%)
Graham NumberEarnings₹526.2517%Under (+87.3%)
Earnings PowerEarnings₹141.3811%Over (-49.7%)
DCFCash Flow₹1,074.3511%Under (+282.3%)
Net Asset ValueAssets₹216.337%Over (-23%)
EV/EBITDAEnterprise₹479.699%Under (+70.7%)
Earnings YieldEarnings₹567.207%Under (+101.9%)
ROCE CapitalReturns₹520.429%Under (+85.2%)
Revenue MultipleRevenue₹506.956%Under (+80.4%)
Consensus (9 models)₹439.35100%Undervalued
Key Drivers: Wide model spread (₹141–₹1,074) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.1%

*Investments are subject to market risks

Investment Snapshot

72
Bharat Petroleum Corporation Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health65/100 · Strong
ROCE 16.2% GoodROE 17.3% GoodD/E 0.74 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 3.88% (6mo) AccumulatingDII holding down 2.67% MF sellingPromoter holding at 53.0% Stable
Earnings Quality75/100 · Strong
OPM expanding (4% → 8%) ImprovingWorking capital: -27 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): 0% YoY FlatProfit (4Q): +79% YoY Strong
Industry Rank90/100 · Strong
P/E 4.9 vs industry 10.2 Cheaper than peersROCE 16.2% vs industry 8.7% Above peersROE 17.3% vs industry 8.1% Above peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:42 am

Market Cap 1,22,020 Cr.
Current Price 281
Intrinsic Value₹439.35
High / Low 392/262
Stock P/E4.88
Book Value 217
Dividend Yield6.22 %
ROCE16.2 %
ROE17.3 %
Face Value 10.0
PEG Ratio0.30

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bharat Petroleum Corporation Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bharat Petroleum Corporation Ltd 1,22,020 Cr. 281 392/2624.88 2176.22 %16.2 %17.3 % 10.0
Hindustan Petroleum Corporation Ltd 71,399 Cr. 336 508/3164.64 2673.13 %10.5 %13.8 % 10.0
Indian Oil Corporation Ltd 1,91,653 Cr. 136 189/1205.36 1405.16 %7.36 %6.51 % 10.0
Mangalore Refinery & Petrochemicals Ltd 32,272 Cr. 184 215/11414.8 75.82.17 %4.36 %0.40 % 10.0
Chennai Petroleum Corporation Ltd 15,157 Cr. 1,018 1,103/5167.18 5740.79 %4.04 %2.10 % 10.0
Industry Average380,894.50 Cr554.0010.16320.302.98%8.69%8.09%10.00

All Competitor Stocks of Bharat Petroleum Corporation Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 119,170118,115112,985103,044115,499116,555113,095102,785113,166111,230112,551104,946119,029
Expenses 114,957107,03197,20090,104109,300107,600107,46898,268105,710103,494102,87495,185107,343
Operating Profit 4,21311,08515,78512,9416,1998,9555,6274,5177,4567,7379,6789,76111,687
OPM % 4%9%14%13%5%8%5%4%7%7%9%9%10%
Other Income 4155231,0039119194038071,2785481,0611,8401,375687
Interest 1,1281,1481,0711,190920967889923861919758833657
Depreciation 1,5861,6051,6141,6051,8301,7221,6861,7791,8101,9821,8891,9581,979
Profit before tax 1,9138,85414,10311,0564,3676,6693,8593,0945,3335,8978,8728,3459,737
Tax % 9%22%25%25%27%28%26%26%29%26%23%26%26%
Net Profit 1,7476,87010,6448,2443,1814,7902,8422,2973,8064,3926,8396,1917,188
EPS in Rs 4.0315.8424.5319.007.3311.046.555.298.7710.1215.7614.2716.57

Last Updated: February 6, 2026, 12:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 264,421242,598187,815201,251235,895298,226284,572230,171346,791473,187448,083440,272447,757
Expenses 255,007232,818174,844187,468220,578283,113275,597209,170327,654462,288404,001414,870408,895
Operating Profit 9,4149,78012,97113,78315,31715,1128,97521,00119,13710,89944,08225,40138,862
OPM % 4%4%7%7%6%5%3%9%6%2%10%6%9%
Other Income 1,3442,1171,9132,7212,9272,9751,3937,4894,9392,0363,0323,6294,963
Interest 1,9821,1806806961,1861,7642,6371,7232,6063,7454,1493,5913,167
Depreciation 2,6113,0272,0722,1082,8853,4184,0804,3345,4346,3696,7717,2577,808
Profit before tax 6,1667,69012,13213,70014,17412,9053,65222,43216,0372,82136,19418,18232,850
Tax % 34%34%33%31%31%34%-0%23%27%24%26%27%
Net Profit 4,0535,0828,0899,5079,7928,5283,66617,32011,6822,13126,85913,33724,611
EPS in Rs 9.0111.0818.6420.1020.7617.987.0437.2626.934.9161.9130.7456.72
Dividend Payout % 31%34%25%49%46%48%106%102%29%40%33%32%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)25.39%59.17%17.53%3.00%-12.91%-57.01%372.45%-32.55%-81.76%1160.39%-50.34%
Change in YoY Net Profit Growth (%)0.00%33.78%-41.64%-14.53%-15.91%-44.10%429.46%-405.00%-49.21%1242.15%-1210.74%

Bharat Petroleum Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:9%
3 Years:8%
TTM:-2%
Compounded Profit Growth
10 Years:11%
5 Years:25%
3 Years:8%
TTM:-9%
Stock Price CAGR
10 Years:9%
5 Years:9%
3 Years:24%
1 Year:-12%
Return on Equity
10 Years:23%
5 Years:23%
3 Years:22%
Last Year:17%

Last Updated: September 5, 2025, 12:55 am

Balance Sheet

Last Updated: December 4, 2025, 1:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7237236561,3111,9671,9671,9672,0932,1292,1292,1364,2734,273
Reserves 18,71721,83927,13829,50834,65236,79834,56551,46249,77651,39373,49977,11289,663
Borrowings 33,15225,49223,38835,72537,65944,83965,47654,53264,53469,37654,59961,10152,967
Other Liabilities 35,86838,26835,24142,54146,07853,32248,85252,89171,08965,21072,18475,89881,065
Total Liabilities 88,46086,32286,422109,086120,356136,926150,860160,978187,529188,109202,418218,382227,967
Fixed Assets 27,58029,10925,35833,68445,53949,31560,17564,09883,90186,67586,79888,628101,931
CWIP 9,37215,78717,45916,8349,87513,65417,75717,03715,43316,24920,20426,38715,333
Investments 6,9857,7129,40121,32723,72524,90727,02926,76823,61626,77826,63126,53129,959
Other Assets 44,52333,71434,20337,24141,21749,05045,90053,07564,57858,40668,78576,83780,744
Total Assets 88,46086,32286,422109,086120,356136,926150,860160,978187,529188,109202,418218,382227,967

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 9,58820,74211,1199,04111,06810,1577,88123,45520,33612,46635,97023,678
Cash from Investing Activity + -6,881-10,536-9,233-15,274-7,066-10,451-11,135-2,474-8,138-7,806-10,554-19,180
Cash from Financing Activity + -3,736-9,792-1,3324,804-4,2182073,583-13,981-17,672-4,402-25,427-6,241
Net Cash Flow -1,029414555-1,429-215-873297,000-5,474257-12-1,743
Free Cash Flow 2,3589,754947-4173,384-344-4,28914,40311,8483,96026,4258,574
CFO/OP 124%240%111%94%93%86%108%129%115%121%101%109%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-24.00-16.00-11.00-22.00-22.00-29.00-57.00-33.00-45.00-59.00-10.00-36.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 64498871210578
Inventory Days 352934454132325251324243
Days Payable 202219242725193237202729
Cash Conversion Cycle 221219302116203324172122
Working Capital Days -5-19-18-31-19-13-30-33-29-20-21-27
ROCE %16%17%25%24%21%18%9%18%16%7%32%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%52.98%
FIIs 12.57%12.55%13.01%14.21%16.79%15.04%15.39%14.71%14.58%15.45%16.53%18.46%
DIIs 22.59%23.10%22.53%22.13%21.30%21.31%22.06%22.27%22.23%22.18%21.31%19.56%
Government 0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.94%0.43%
Public 10.61%10.12%10.21%9.44%8.00%9.73%8.63%9.09%9.26%8.46%8.25%8.58%
Others 0.32%0.32%0.32%0.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders 8,58,1368,16,7218,17,3397,49,2137,23,57110,39,00610,18,79411,24,53311,93,41211,07,98310,59,8869,87,767

Shareholding Pattern Chart

No. of Shareholders

Bharat Petroleum Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund 20,998,529 0.72 765.4N/AN/AN/A
Kotak Flexicap Fund 19,000,000 1.23 692.55N/AN/AN/A
SBI Energy Opportunities Fund 17,098,067 7.24 623.2222,251,2172026-02-22 01:35:37-23.16%
ICICI Prudential Energy Opportunities Fund 16,535,266 6.09 602.7117,531,0092026-02-22 01:35:37-5.68%
ICICI Prudential Value Fund 16,011,335 0.97 583.6118,261,3352025-12-15 02:49:44-12.32%
Tata Value Fund 13,410,000 5.54 488.79N/AN/AN/A
ICICI Prudential Large Cap Fund 13,309,827 0.63 485.1414,738,9262026-02-22 01:35:37-9.7%
SBI ELSS Tax Saver Fund 12,944,725 1.48 471.84N/AN/AN/A
SBI PSU Fund 9,700,000 5.91 353.57N/AN/AN/A
Kotak Large & Midcap Fund 9,500,000 1.15 346.28N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 31.21126.0810.0154.9181.87
Diluted EPS (Rs.) 31.21126.0810.0154.9181.60
Cash EPS (Rs.) 45.10152.4429.6273.17105.02
Book Value[Excl.RevalReserv]/Share (Rs.) 190.48354.05251.34243.75255.89
Book Value[Incl.RevalReserv]/Share (Rs.) 190.48354.05251.34243.75255.89
Revenue From Operations / Share (Rs.) 1030.462097.482222.111628.551099.72
PBDIT / Share (Rs.) 65.73216.8158.17100.52112.52
PBIT / Share (Rs.) 48.75185.1128.2675.0091.81
PBT / Share (Rs.) 39.46164.442.9568.10108.74
Net Profit / Share (Rs.) 28.12120.74-0.2847.6584.31
NP After MI And SOA / Share (Rs.) 31.21125.7310.0154.8677.24
PBDIT Margin (%) 6.3710.332.616.1710.23
PBIT Margin (%) 4.738.821.274.608.34
PBT Margin (%) 3.827.830.134.189.88
Net Profit Margin (%) 2.725.75-0.012.927.66
NP After MI And SOA Margin (%) 3.025.990.453.367.02
Return on Networth / Equity (%) 16.3835.513.9822.5030.18
Return on Capital Employeed (%) 16.3032.535.3115.2818.46
Return On Assets (%) 6.1013.261.136.2210.04
Long Term Debt / Equity (X) 0.320.350.770.700.66
Total Debt / Equity (X) 0.620.601.131.080.74
Asset Turnover Ratio (%) 2.092.292.522.331.60
Current Ratio (X) 0.800.810.740.740.91
Quick Ratio (X) 0.300.280.230.230.44
Inventory Turnover Ratio (X) 9.995.265.844.402.90
Dividend Payout Ratio (NP) (%) 50.4216.9661.07126.2728.18
Dividend Payout Ratio (CP) (%) 32.6513.5415.3186.1822.22
Earning Retention Ratio (%) 49.5883.0438.93-26.2771.82
Cash Earning Retention Ratio (%) 67.3586.4684.6913.8277.78
Interest Coverage Ratio (X) 7.8211.163.318.2213.66
Interest Coverage Ratio (Post Tax) (X) 4.457.281.424.468.18
Enterprise Value (Cr.) 159555.31167867.32131143.96130185.83121429.00
EV / Net Operating Revenue (X) 0.360.370.270.370.52
EV / EBITDA (X) 5.683.6210.596.085.16
MarketCap / Net Operating Revenue (X) 0.270.280.150.220.38
Retention Ratios (%) 49.5783.0338.92-26.2771.81
Price / BV (X) 1.461.701.371.471.67
Price / Net Operating Revenue (X) 0.270.280.150.220.38
EarningsYield 0.110.200.020.150.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bharat Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 03/11/1952 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L23220MH1952GOI008931 and registration number is 008931. Currently Company is involved in the business activities of Other specialized wholesale. Company's Total Operating Revenue is Rs. 440131.93 Cr. and Equity Capital is Rs. 4272.58 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
RefineriesBharat Bhavan, P. B. No. 688, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Sanjay KhannaChairman & Managing Director
Mr. Vetsa Ramakrishna GuptaDirector - Finance & CFO
Mr. Rajkumar DubeyDirector - Human Resources
Mr. Subhankar SenDirector - Marketing
Prof. (Dr) Bhagwati Prasad SaraswatIndependent Director
Mr. Gopal Krishna AgarwalIndependent Director
Mr. Pradeep V AgrawalIndependent Director
Dr.(Mrs.) Sushma AgarwalIndependent Director
Mr. Asheesh JoshiGovernment Nominee Director
Mr. A P M Mohammed HanishGovernment Nominee Director

FAQ

What is the intrinsic value of Bharat Petroleum Corporation Ltd and is it undervalued?

As of 13 April 2026, Bharat Petroleum Corporation Ltd's intrinsic value is ₹439.35, which is 56.35% higher than the current market price of ₹281.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (17.3 %), book value (₹217), dividend yield (6.22 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bharat Petroleum Corporation Ltd?

Bharat Petroleum Corporation Ltd is trading at ₹281.00 as of 13 April 2026, with a FY2026-2027 high of ₹392 and low of ₹262. The stock is currently near its 52-week low. Market cap stands at ₹1,22,020 Cr..

How does Bharat Petroleum Corporation Ltd's P/E ratio compare to its industry?

Bharat Petroleum Corporation Ltd has a P/E ratio of 4.88, which is below the industry average of 10.16. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bharat Petroleum Corporation Ltd financially healthy?

Key indicators for Bharat Petroleum Corporation Ltd: ROCE of 16.2 % indicates efficient capital utilization; ROE of 17.3 % shows strong shareholder returns. Dividend yield is 6.22 %.

Is Bharat Petroleum Corporation Ltd profitable and how is the profit trend?

Bharat Petroleum Corporation Ltd reported a net profit of ₹13,337 Cr in Mar 2025 on revenue of ₹440,272 Cr. Compared to ₹11,682 Cr in Mar 2022, the net profit shows an improving trend.

Does Bharat Petroleum Corporation Ltd pay dividends?

Bharat Petroleum Corporation Ltd has a dividend yield of 6.22 % at the current price of ₹281.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bharat Petroleum Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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