Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:01 am
Author: Getaka|Social: XLinkedIn

Gulf Oil Lubricants India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹863.95Fairly Valued by 3.58%vs CMP ₹896.00

P/E (12.0) × ROE (25.5%) × BV (₹335.00) × DY (5.35%)

₹788.29Overvalued by 12.02%vs CMP ₹896.00
MoS: -13.7% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹961.5422%Fair (+7.3%)
Graham NumberEarnings₹734.0216%Over (-18.1%)
Earnings PowerEarnings₹415.6513%Over (-53.6%)
DCFCash Flow₹1,152.6613%Under (+28.6%)
Net Asset ValueAssets₹334.687%Over (-62.6%)
EV/EBITDAEnterprise₹737.769%Over (-17.7%)
Earnings YieldEarnings₹714.807%Over (-20.2%)
ROCE CapitalReturns₹978.979%Fair (+9.3%)
Revenue MultipleRevenue₹719.155%Over (-19.7%)
Consensus (9 models)₹788.29100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.3%

*Investments are subject to market risks

Investment Snapshot

72
Gulf Oil Lubricants India Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 28.3% ExcellentROE 25.5% ExcellentD/E 0.34 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.70% (6mo) AccumulatingDII holding down 1.40% MF sellingPromoter holding at 67.1% Stable
Earnings Quality60/100 · Moderate
OPM stable around 13% SteadyWorking capital: -3 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +11% YoY GrowingProfit (4Q): +11% YoY Positive
Industry Rank75/100 · Strong
P/E 12.0 vs industry 13.7 In-lineROCE 28.3% vs industry 23.6% Above peersROE 25.5% vs industry 18.4% Above peers3Y sales CAGR: 17% 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, 3:01 am

Market Cap 4,428 Cr.
Current Price 896
Intrinsic Value₹788.29
High / Low 1,332/864
Stock P/E12.0
Book Value 335
Dividend Yield5.35 %
ROCE28.3 %
ROE25.5 %
Face Value 2.00
PEG Ratio1.06

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

View Share Price Target for Gulf Oil Lubricants India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gulf Oil Lubricants India Ltd 4,428 Cr. 896 1,332/86412.0 3355.35 %28.3 %25.5 % 2.00
Veedol Corporation Ltd 2,246 Cr. 1,289 2,035/1,23811.6 5614.19 %23.7 %19.8 % 2.00
Savita Oil Technologies Ltd 2,143 Cr. 313 478/28612.0 2551.28 %9.84 %6.10 % 2.00
Gandhar Oil Refinery (India) Ltd 1,219 Cr. 125 184/11511.5 1320.60 %10.6 %6.65 % 2.00
GP Petroleums Ltd 132 Cr. 25.9 52.0/23.24.87 66.80.00 %10.8 %8.38 % 5.00
Industry Average4,601.33 Cr415.5713.70206.962.34%23.55%18.39%3.29

All Competitor Stocks of Gulf Oil Lubricants India Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 720781792812802817853885849905915996957
Expenses 639691705719702706738769742783791870838
Operating Profit 80908893100111115116107122124127118
OPM % 11%12%11%11%13%14%13%13%13%14%14%13%12%
Other Income 10141414171718172333222225
Interest 101074786561410613
Depreciation 10101111111114111111141414
Profit before tax 7084849299108114118113131123130117
Tax % 26%26%26%26%26%26%25%26%26%25%26%25%26%
Net Profit 52636268748185888498929787
EPS in Rs 10.6412.7812.6813.9315.0016.4517.3717.8917.1519.9118.5819.6017.67

Last Updated: January 1, 2026, 12:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 09671,0111,0871,3321,7061,6441,6522,1922,9993,2843,5543,866
Expenses 08388529091,0971,4231,3571,3871,9062,6562,8653,0843,366
Operating Profit -0129159178236283287265286343419470500
OPM % 13%16%16%18%17%17%16%13%11%13%13%13%
Other Income 091820262935524447669671
Interest 018181091525151038263541
Depreciation 0567102233343640474656
Profit before tax -0116153181243275265269284313413486474
Tax % 0%33%35%35%35%35%23%26%26%26%25%25%
Net Profit -077100118159178203200211232308362353
EPS in Rs -2.0015.6220.2423.6931.9035.7040.4239.7741.8647.3962.6673.4771.48
Dividend Payout % 0%35%35%36%33%32%35%40%12%53%57%65%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)29.87%18.00%34.75%11.95%14.04%-1.48%5.50%9.95%32.76%17.53%
Change in YoY Net Profit Growth (%)0.00%-11.87%16.75%-22.80%2.10%-15.52%6.98%4.45%22.81%-15.23%

Gulf Oil Lubricants India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:17%
3 Years:17%
TTM:9%
Compounded Profit Growth
10 Years:17%
5 Years:12%
3 Years:20%
TTM:13%
Stock Price CAGR
10 Years:10%
5 Years:14%
3 Years:38%
1 Year:-11%
Return on Equity
10 Years:27%
5 Years:24%
3 Years:24%
Last Year:26%

Last Updated: September 5, 2025, 5:40 am

Balance Sheet

Last Updated: January 7, 2026, 3:46 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.05101010101010101010101010
Reserves -01772393444575777518591,0331,1691,2851,4541,644
Borrowings 0215195178248283376211390373358455482
Other Liabilities 34162205206313273309365360520652724658
Total Liabilities 345656497381,0291,1421,4471,4461,7922,0722,3042,6432,793
Fixed Assets 3489107118260270280254273277250275279
CWIP 082296114339145
Investments 0334455203688193191191
Other Assets 04645375877598671,1611,1681,4801,7031,8512,1632,318
Total Assets 345656497381,0291,1421,4471,4461,7922,0722,3042,6432,793

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1913111813411017237194-24273348423
Cash from Investing Activity + -191-3-10-51-221730-1730-5849
Cash from Financing Activity + 020-79-599-295-27798-202-238-153
Net Cash Flow -0152366568-34259-545710252320
Free Cash Flow -096100923-32219185-48250327389
CFO/OP -185,900%128%105%110%77%38%112%94%18%107%107%117%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-86.00-36.000.00-12.000.00-89.0054.00-104.00-30.0061.0015.00

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 4338373732424249505448
Inventory Days 9711710314014916317515210510495
Days Payable 669791132861291348687106109
Cash Conversion Cycle 74584845957682115685234
Working Capital Days -36-36-30-342-1718272116-3
ROCE %-22%67%40%39%40%37%29%25%23%23%27%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.02%72.00%71.94%71.94%71.80%71.76%67.22%67.14%67.14%67.14%67.11%67.11%
FIIs 3.57%3.69%4.42%4.98%7.08%5.65%7.07%7.29%7.52%8.48%9.53%9.22%
DIIs 7.02%6.40%5.77%4.03%5.02%5.87%9.55%9.59%9.53%7.84%7.45%8.13%
Government 0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%
Public 17.10%17.58%17.56%18.78%15.80%16.42%15.85%15.67%15.51%16.24%15.61%15.25%
No. of Shareholders 60,18659,10058,01260,82257,92870,21174,11374,67585,50393,15182,27778,807

Shareholding Pattern Chart

No. of Shareholders

Gulf Oil Lubricants India 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 Multi Cap Fund 835,506 0.47 91.05783,8772026-02-23 05:59:296.59%
ICICI Prudential Smallcap Fund 649,199 0.87 70.75570,0692026-02-23 05:59:2913.88%
ICICI Prudential Energy Opportunities Fund 422,814 0.47 46.08359,8452026-02-23 05:59:2917.5%
UTI MNC Fund 320,647 1.27 34.94N/AN/AN/A
Bandhan Small Cap Fund 189,816 0.11 20.69208,6822025-12-08 01:20:57-9.04%
ICICI Prudential MNC Fund 146,607 0.94 15.98N/AN/AN/A
ICICI Prudential Childrens Fund 134,733 1.07 14.68N/AN/AN/A
Baroda BNP Paribas Small Cap Fund 124,551 1.16 13.57N/AN/AN/A
ICICI Prudential Manufacturing Fund 18,540 0.03 2.02N/AN/AN/A
Navi Large & Midcap Fund 13,500 0.49 1.47N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 2.002.002.002.00
Basic EPS (Rs.) 73.0962.7647.3041.89
Diluted EPS (Rs.) 72.4262.1747.1641.63
Cash EPS (Rs.) 83.7673.0055.4748.94
Book Value[Excl.RevalReserv]/Share (Rs.) 296.47277.92240.41206.77
Book Value[Incl.RevalReserv]/Share (Rs.) 296.47277.92240.41206.77
Revenue From Operations / Share (Rs.) 736.48671.40611.85434.62
PBDIT / Share (Rs.) 115.8199.4879.5665.38
PBIT / Share (Rs.) 104.5089.1671.4758.29
PBT / Share (Rs.) 97.2183.8963.8056.39
Net Profit / Share (Rs.) 72.4562.6847.3941.86
NP After MI And SOA / Share (Rs.) 72.9962.6347.3941.85
PBDIT Margin (%) 15.7214.8113.0015.04
PBIT Margin (%) 14.1813.2711.6813.41
PBT Margin (%) 13.1912.4910.4212.97
Net Profit Margin (%) 9.839.337.749.63
NP After MI And SOA Margin (%) 9.919.327.749.63
Return on Networth / Equity (%) 24.6123.7819.7120.24
Return on Capital Employeed (%) 32.2830.7328.5627.18
Return On Assets (%) 13.0412.7811.2111.77
Total Debt / Equity (X) 0.280.250.280.34
Asset Turnover Ratio (%) 1.411.471.550.00
Current Ratio (X) 1.921.941.972.03
Quick Ratio (X) 1.481.441.421.37
Inventory Turnover Ratio (X) 7.253.673.280.00
Dividend Payout Ratio (NP) (%) 27.4065.3610.550.00
Dividend Payout Ratio (CP) (%) 23.7256.119.010.00
Earning Retention Ratio (%) 72.6034.6489.450.00
Cash Earning Retention Ratio (%) 76.2843.8990.990.00
Interest Coverage Ratio (X) 15.8918.8810.3634.27
Interest Coverage Ratio (Post Tax) (X) 10.9412.907.1722.94
Enterprise Value (Cr.) 5088.854265.401659.591908.36
EV / Net Operating Revenue (X) 1.401.290.550.87
EV / EBITDA (X) 8.918.724.265.79
MarketCap / Net Operating Revenue (X) 1.561.400.660.96
Retention Ratios (%) 72.5934.6389.440.00
Price / BV (X) 3.863.571.682.04
Price / Net Operating Revenue (X) 1.561.400.660.96
EarningsYield 0.060.060.110.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Gulf Oil Lubricants India Ltd. is a Public Limited Listed company incorporated on 17/07/2008 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L23203MH2008PLC267060 and registration number is 267060. Currently Company is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company's Total Operating Revenue is Rs. 3554.36 Cr. and Equity Capital is Rs. 9.86 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
LubricantsIN Centre, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Sanjay G HindujaChairman & Non-Exe.Director
Mr. Ravi Shamlal ChawlaManaging Director & CEO
Mr. Shom A HindujaNon Executive Director
Mr. Munesh KhannaIndependent Director
Mr. Arvind UppalIndependent Director
Mrs. Manju AgarwalIndependent Director
Mr. Nirvik SinghIndependent Director

FAQ

What is the intrinsic value of Gulf Oil Lubricants India Ltd and is it undervalued?

As of 14 April 2026, Gulf Oil Lubricants India Ltd's intrinsic value is ₹788.29, which is 12.02% lower than the current market price of ₹896.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (25.5 %), book value (₹335), dividend yield (5.35 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gulf Oil Lubricants India Ltd?

Gulf Oil Lubricants India Ltd is trading at ₹896.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,332 and low of ₹864. The stock is currently near its 52-week low. Market cap stands at ₹4,428 Cr..

How does Gulf Oil Lubricants India Ltd's P/E ratio compare to its industry?

Gulf Oil Lubricants India Ltd has a P/E ratio of 12.0, which is below the industry average of 13.70. This is broadly in line with or below the industry average.

Is Gulf Oil Lubricants India Ltd financially healthy?

Key indicators for Gulf Oil Lubricants India Ltd: ROCE of 28.3 % indicates efficient capital utilization; ROE of 25.5 % shows strong shareholder returns. Dividend yield is 5.35 %.

Is Gulf Oil Lubricants India Ltd profitable and how is the profit trend?

Gulf Oil Lubricants India Ltd reported a net profit of ₹362 Cr in Mar 2025 on revenue of ₹3,554 Cr. Compared to ₹211 Cr in Mar 2022, the net profit shows an improving trend.

Does Gulf Oil Lubricants India Ltd pay dividends?

Gulf Oil Lubricants India Ltd has a dividend yield of 5.35 % at the current price of ₹896.00. 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 Gulf Oil Lubricants India 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
Explore Industry-wise Stock Analysis Reports