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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gulf Oil Lubricants India Ltd

About the Company - Gulf Oil Lubricants India Ltd

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. 2191.64 Cr. and Equity Capital is Rs. 10.09 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LubricantsIN Centre, 49/50, 12th Road, Mumbai Maharashtra 400093secretarial@gulfoil.co.in
http://www.gulfoilindia.com
Management
NamePosition Held
Mr. Sanjay G HindujaChairman & Non-Exe.Director
Mr. Ravi ChawlaManaging Director & CEO
Mr. Munesh KhannaInd. Non-Executive Director
Mr. Shom A HindujaNon Executive Director
Mr. Arvind UppalInd. Non-Executive Director
Ms. Manju AgarwalInd. Non-Executive Director

Gulf Oil Lubricants India Ltd. Share Price Update

Share PriceValue
Today₹900.50
Previous Day₹916.05

Basic Stock Data of Gulf Oil Lubricants India Ltd

Market Cap 4,862 Cr.
Current Price 990
High / Low1,010/390
Stock P/E17.1
Book Value 245
Dividend Yield2.53 %
ROCE23.5 %
ROE20.9 %
Face Value 2.00

Data Source: screener.in

Gulf Oil Lubricants India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales482517417534602639706720781792812802817
Expenses399439375456525550621639691705719702706
Operating Profit8378427777898580908893100111
OPM %17%15%10%14%13%14%12%11%12%11%11%13%14%
Other Income1213111111129101414141717
Interest1240051010107478
Depreciation9889999101011111111
Profit before tax868141797986747084849299108
Tax %25%26%25%26%25%26%26%26%26%26%26%26%26%
Net Profit64603059596355526362687481
EPS in Rs12.7311.886.0311.6411.6312.5711.2910.6412.7812.6813.9315.0016.45

Gulf Oil Lubricants India Ltd Quarterly Chart

Gulf Oil Lubricants India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0009671,0111,0871,3321,7061,6441,6522,1922,9993,187
Expenses0008388529091,0971,4231,3571,3871,9062,6562,816
Operating Profit00-0129159178236283287265286343371
OPM %13%16%16%18%17%17%16%13%11%12%
Other Income0009182026293552444759
Interest0001818109152515103829
Depreciation00056710223334364042
Profit before tax00-0116153181243275265269284313359
Tax %0%33%35%35%35%35%23%26%26%26%
Net Profit00-077100118159178203200211232267
EPS in Rs0.000.00-2.0015.6220.2423.6931.9035.7040.4239.7741.8647.3954.39
Dividend Payout %0%35%35%36%33%32%35%40%12%53%

Gulf Oil Lubricants India Ltd Profit & Loss Yearly Chart

Gulf Oil Lubricants India Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:18%
3 Years:22%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:5%
TTM:22%
Stock Price CAGR
10 Years:%
5 Years:1%
3 Years:8%
1 Year:109%
Return on Equity
10 Years:29%
5 Years:25%
3 Years:22%
Last Year:21%

Gulf Oil Lubricants India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital00010101010101010101010
Reserves00-01772393444575777518591,0331,1691,191
Borrowings000215195178248283376211390373413
Other Liabilities0034162205206313273309365360520614
Total Liabilities00345656497381,0291,1421,4471,4461,7922,0722,228
Fixed Assets003489107118260270280254273277263
CWIP00082296114335
Investments00033445520368889
Other Assets0004645375877598671,1611,1681,4801,7031,871
Total Assets00345656497381,0291,1421,4471,4461,7922,0722,228

Gulf Oil Lubricants India Ltd Reserves and Borrowings Chart

Gulf Oil Lubricants India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 001913111813411017237194-24273
Cash from Investing Activity 00-191-3-10-51-221730-1730
Cash from Financing Activity 00020-79-599-295-27798-202
Net Cash Flow00-0152366568-34259-5457102

Gulf Oil Lubricants India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days433837373242424950
Inventory Days9711710314014916317515292
Days Payable669791132861291348676
Cash Conversion Cycle7458484595768211566
Working Capital Days453430346364638863
ROCE %0%-22%67%40%39%40%37%29%25%23%

Gulf Oil Lubricants India Ltd Financial Efficiency Indicators Chart

Gulf Oil Lubricants India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters72.02%71.99%71.97%71.82%71.82%71.82%72.02%72.02%72.02%72.02%72.00%71.94%
FIIs11.45%11.31%10.10%9.17%6.19%5.18%3.66%3.64%3.41%3.57%3.69%4.42%
DIIs6.06%6.22%5.51%5.18%5.04%5.80%7.00%6.98%7.03%7.02%6.40%5.77%
Government0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%0.30%
Public10.17%10.18%12.13%13.53%16.65%16.90%17.02%17.07%17.24%17.10%17.58%17.56%
No. of Shareholders51,04550,83060,11566,84659,54782,34267,49464,72662,22060,18659,10058,012

Gulf Oil Lubricants India Ltd Shareholding Pattern Chart

No. of Gulf Oil Lubricants India Ltd Shareholders

Gulf Oil Lubricants India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Franklin India Smaller Companies Fund7311190.4745.65
Franklin India Flexi Cap Fund2452200.1315.31
Bandhan Small Cap Fund2086820.5813.03
JM Flexicap Fund1806291.5711.28
JM Value Fund798041.734.98

Gulf Oil Lubricants India Ltd ROCE Trend

Gulf Oil Lubricants India Ltd EPS Trend

Gulf Oil Lubricants India Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue2.002.00
Basic EPS (Rs.)47.3041.89
Diluted EPS (Rs.)47.1641.63
Cash EPS (Rs.)55.4748.94
Book Value[Excl.RevalReserv]/Share (Rs.)240.41206.77
Book Value[Incl.RevalReserv]/Share (Rs.)240.41206.77
Revenue From Operations / Share (Rs.)611.85434.62
PBDIT / Share (Rs.)79.5665.38
PBIT / Share (Rs.)71.4758.29
PBT / Share (Rs.)63.8056.39
Net Profit / Share (Rs.)47.3941.86
NP After MI And SOA / Share (Rs.)47.3941.85
PBDIT Margin (%)13.0015.04
PBIT Margin (%)11.6813.41
PBT Margin (%)10.4212.97
Net Profit Margin (%)7.749.63
NP After MI And SOA Margin (%)7.749.63
Return on Networth / Equity (%)19.7120.24
Return on Capital Employeed (%)28.5627.18
Return On Assets (%)11.2111.77
Total Debt / Equity (X)0.280.34
Asset Turnover Ratio (%)1.550.00
Current Ratio (X)1.972.03
Quick Ratio (X)1.421.37
Inventory Turnover Ratio (X)3.280.00
Dividend Payout Ratio (NP) (%)10.550.00
Dividend Payout Ratio (CP) (%)9.010.00
Earning Retention Ratio (%)89.450.00
Cash Earning Retention Ratio (%)90.990.00
Interest Coverage Ratio (X)10.3634.27
Interest Coverage Ratio (Post Tax) (X)7.1722.94
Enterprise Value (Cr.)1659.591908.36
EV / Net Operating Revenue (X)0.550.87
EV / EBITDA (X)4.265.79
MarketCap / Net Operating Revenue (X)0.660.96
Retention Ratios (%)89.440.00
Price / BV (X)1.682.04
Price / Net Operating Revenue (X)0.660.96
EarningsYield0.110.09

Gulf Oil Lubricants India Ltd Profitability Ratios (%)

Gulf Oil Lubricants India Ltd Liquidity Ratios

Gulf Oil Lubricants India Ltd Liquidity Ratios (%)

Gulf Oil Lubricants India Ltd Interest Coverage Ratios (%)

Gulf Oil Lubricants India Ltd Valuation Ratios

Fair Value of Gulf Oil Lubricants India Ltd Stock

Fair Value: ₹897.76

The stock is overvalued by 9.32% compared to the current price ₹990

*Investments are subject to market risks

Strength and Weakness of Gulf Oil Lubricants India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.17%, which is a positive sign.
  2. The company has higher reserves (522.85 cr) compared to borrowings (221.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (75.38 cr) and profit (189.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 64.88 and average Dividend Yield of 12.55%.
  2. The stock has a high average Working Capital Days of 40.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 54.92, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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