Bharat Petroleum Corporation Ltd.

• Strategic divestment re-rating

  The impending strategic divestment would be the biggest trigger for re-rating of the stock valuations as financial autonomy would lead to superior capital allocation and cost optimization.

• Improvement in GRM

  The gross refining margins have a scope to see an improvement, after the ongoing up gradation and expansion at different refineries gets completed.

• Large distribution network

  BPCL has added 1,447 outlets in FY-20 to its vast network located across rural and urban areas, taking the number to 16,234. Its throughput per outlet is highest among PSU oil companies, though there is still scope for improvement through rationalisation of outlets

• Expanding petrochem portfolio

  The Propylene Derivative Petrochemical Project (PDPP) at Kochi Refinery for manufacturing niche petrochemicals is completed and will start commercial production soon. Production of Polyols and related products should help in improving margins.

• PE Ratio(x)21.27
• EPS - TTM(₹)19.49
• MCap(₹ Cr.)89,937.22
• MCap Rank3
• PB Ratio(x)2.40
• Div Yield(%)5.23
• Face Value(₹)10.00
• 52W High(₹)510.00
• 52W Low(₹)252.00
• MCap/Sales0.22
• Beta(1 Month)1.64
• BV/Share(₹)177.89

• PE Ratio(x)21.27
• EPS - TTM(₹)19.49
• MCap(₹ Cr.)89,904.68
• MCap Rank3
• PB Ratio(x)2.40
• Div Yield(%)5.23
• Face Value(₹)10.00
• 52W High(₹)510.00
• 52W Low(₹)252.00
• MCap/Sales0.22
• Beta(1 Month)1.60
• BV/Share(₹)177.89

• 1 Day-2.84%
• 1 Month4.01%
• 3 Months26.92%
• 1 Year-11.4%
• 3 Years-14.9%
• 5 Years33.38%

• 1 Day-2.73%
• 1 Month3.98%
• 3 Months26.91%
• 1 Year-11.38%
• 3 Years-14.86%
• 5 Years33.22%

• SAIL OFS subscribed over 5 times; govt to garner Rs 2,664 cr from stake sale

  News

• SAIL OFS over-subscribed 3.6 times on day one; govt to exercise greenshoe option

  News

• Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

  Announcements

• Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

  Announcements

• Income (P&L)

  • Topline Contraction

    Sales de-grew by 4.58%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)

  • Employee & Interest Expense

    Company has spent less than 1% of its operating revenues towards interest expenses and 1.41% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	49,713.32	38,536.24	69,398.99	75,527.70	64,705.73
  Total Income Growth (%)	29.00	-44.47	-8.11	16.72	-15.82
  Total Expenses	45,516.79	34,812.15	71,931.46	72,902.97	62,458.04
  Total Expenses Growth (%)	30.75	-51.60	-1.33	16.72	-15.96
  EBIT	4,196.53	3,724.09	-2,532.47	2,624.73	2,247.69
  EBIT Growth (%)	12.69	-	-196.48	16.77	-11.78
  PAT	2,263.05	2,035.39	-1,847.37	1,776.35	1,502.63
  PAT Growth (%)	11.19	-	-204.00	18.22	-7.46
  EBIT Margin (%)	8.44	9.66	-3.65	3.48	3.47
  Net Profit Margin (%)	4.55	5.28	-2.66	2.35	2.32
  Basic EPS (₹)	11.51	10.35	-9.39	9.03	7.64

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	50,718.94	39,378.36	70,148.20	75,247.61	65,212.06
  Total Income Growth (%)	28.80	-43.86	-6.78	15.39	-15.15
  Total Expenses	47,408.55	35,865.07	71,638.52	73,002.52	62,918.13
  Total Expenses Growth (%)	32.19	-49.94	-1.87	16.03	-16.17
  EBIT	3,310.39	3,513.29	-1,490.32	2,245.09	2,293.93
  EBIT Growth (%)	-5.78	-	-166.38	-2.13	27.14
  PAT	2,247.75	2,076.17	-1,361.01	1,260.63	1,708.45
  PAT Growth (%)	8.26	-	-207.96	-26.21	58.91
  EBIT Margin (%)	6.53	8.92	-2.12	2.98	3.52
  Net Profit Margin (%)	4.43	5.27	-1.94	1.68	2.62
  Basic EPS (₹)	11.43	10.56	-6.92	6.41	8.69

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Revenue	2,86,501.23	3,00,263.13	2,37,569.51	2,03,065.23	1,89,410.44
  Total Revenue Growth (%)	-4.58	26.39	16.99	7.21	-22.60
  Total Expenses	2,82,939.98	2,88,295.08	2,24,684.87	1,90,309.01	1,77,629.86
  Total Expenses Growth (%)	-1.86	28.31	18.06	7.14	-25.06
  Profit after Tax (PAT)	3,055.36	7,802.30	9,008.63	8,720.94	7,584.51
  PAT Growth (%)	-60.84	-13.39	3.30	14.98	57.79
  Operating Profit Margin (%)	2.17	4.60	5.96	6.68	6.63
  Net Profit Margin (%)	1.07	2.61	3.81	4.33	4.03
  Basic EPS (₹)	15.53	39.67	45.80	44.34	57.84

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Revenue	2,87,464.26	3,00,258.65	2,39,332.51	2,04,811.25	1,91,315.49
  Total Revenue Growth (%)	-4.26	25.46	16.86	7.05	-20.38
  Total Expenses	2,83,712.39	2,89,819.03	2,28,046.54	1,93,768.46	1,80,664.31
  Total Expenses Growth (%)	-2.11	27.09	17.69	7.25	-22.42
  Profit after Tax (PAT)	2,683.19	7,132.02	7,976.30	8,039.30	7,431.88
  PAT Growth (%)	-62.38	-10.58	-0.78	8.17	46.17
  Operating Profit Margin (%)	2.08	3.95	5.12	5.70	5.92
  Net Profit Margin (%)	0.94	2.39	3.37	3.97	3.92
  Basic EPS (₹)	13.64	36.26	40.55	40.87	102.78

  All figures in Rs Cr, unless mentioned otherwise

• Balance Sheet

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Assets	1,50,863.56	1,36,930.38	1,20,356.06	1,09,086.26	86,421.73
  Total Assets Growth (%)	10.18	13.77	10.33	26.23	-0.62
  Total Liabilities	1,12,274.89	96,095.62	81,832.40	76,308.32	56,950.14
  Total Liabilities Growth (%)	16.84	17.43	7.24	33.99	-9.76
  Total Equity	38,588.67	40,834.76	38,523.66	32,777.94	29,471.59
  Total Equity Growth (%)	-5.50	6.00	17.53	11.22	23.58
  Current Ratio (x)	0.72	0.92	0.89	0.80	1.01
  Total Debt to Equity (x)	1.69	1.11	1.01	1.02	0.73
  Contingent Liabilities	15,222.59	22,413.20	19,878.68	27,782.95	16,581.67

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Assets	1,26,468.98	1,15,627.25	1,00,131.17	91,989.63	75,989.41
  Total Assets Growth (%)	9.38	15.48	8.85	21.06	8.98
  Total Liabilities	93,254.60	78,889.57	65,999.68	62,321.25	48,830.72
  Total Liabilities Growth (%)	18.21	19.53	5.90	27.63	3.32
  Total Equity	33,214.38	36,737.68	34,131.49	29,668.38	27,158.69
  Total Equity Growth (%)	-9.59	7.64	15.04	9.24	20.88
  Current Ratio (x)	0.70	0.99	0.83	0.79	0.89
  Total Debt to Equity (x)	1.32	0.74	0.67	0.71	0.50
  Contingent Liabilities	10,828.22	19,102.49	17,372.07	13,775.02	15,456.70

  All figures in Rs Cr, unless mentioned otherwise

• Cash Flows

  • Increase in Cash from Investing

    Company has used Rs 11227.56 cr for investing activities which is an YoY increase of 7.43%. (Source: Consolidated Financials)

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	7,973.46	10,157.15	11,068.37	9,041.11	11,119.04
  Net Cash used in Investing Activities	-11,227.56	-10,451.17	-7,065.51	-15,273.94	-9,232.69
  Net Cash flow from Financing Activities	3,583.21	207.04	-4,217.73	4,803.96	-1,331.57
  Net Cash Flow	329.11	-86.98	-214.87	-1,428.87	554.78
  Closing Cash & Cash Equivalent	528.96	199.85	286.83	607.94	2,036.81
  Closing Cash & Cash Equivalent Growth (%)	164.68	-30.32	-52.82	-70.15	-6.92
  Total Debt/ CFO (x)	7.73	4.23	3.34	3.48	1.90

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	6,357.75	7,644.85	9,009.25	7,896.93	10,233.90
  Net Cash used in Investing Activities	-9,263.97	-7,536.58	-4,740.88	-10,129.68	-7,855.68
  Net Cash flow from Financing Activities	2,940.22	-87.49	-4,422.92	566.56	-2,012.35
  Net Cash Flow	34.00	20.78	-154.55	-1,666.19	365.87
  Closing Cash & Cash Equivalent	-98.63	-132.63	-153.41	54.35	1,719.86
  Closing Cash & Cash Equivalent Growth (%)	-25.64	-13.55	-382.26	-96.84	27.02
  Total Debt/ CFO (x)	6.92	3.56	2.54	2.66	1.34

  All figures in Rs Cr, unless mentioned otherwise

• Ratios

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	8.36	20.12	24.60	28.29	26.10
  Return on Capital Employed (%)	6.83	16.38	18.87	21.77	22.48
  Return on Assets (%)	2.02	5.69	7.48	7.99	8.77
  Interest Coverage Ratio (x)	2.35	7.78	11.87	19.32	18.31
  Asset Turnover Ratio (x)	188.62	217.79	195.99	184.48	217.32
  Price to Earnings (x)	20.37	10.00	9.35	9.77	7.79
  Price to Book (x)	1.70	2.01	2.30	2.76	2.03
  EV/EBITDA (x)	12.13	7.13	7.18	7.50	5.26
  EBITDA Margin (%)	3.61	5.75	7.18	7.73	7.73

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	8.07	19.41	23.36	27.09	27.36
  Return on Capital Employed (%)	8.79	17.19	21.87	23.79	25.31
  Return on Assets (%)	2.12	6.16	7.96	8.73	9.78
  Interest Coverage Ratio (x)	2.72	8.92	14.54	23.27	19.92
  Asset Turnover Ratio (x)	224.86	257.09	236.11	219.81	249.11
  Price to Earnings (x)	23.20	10.94	10.56	10.59	8.78
  Price to Book (x)	1.87	2.12	2.47	2.87	2.40
  EV/EBITDA (x)	10.91	7.03	7.23	7.90	5.88
  EBITDA Margin (%)	3.41	5.02	6.24	6.64	6.90

• Management View (MD&A)

  • Covid blues or structural changes

    During the first quarter of 2020 itself, global energy demand declined by a shocking 3.8% and CO2 emission levels lowered by an unprecedented 5%. Moving ahead, the energy demand and emission levels are likely to remain subdued for a longer period of time as the pandemic situation evolves and economic activity normalizes; however, some structural changes are imminent with the world realizing the power of climatic catastrophes and digitalization emerging as a powerful enabler and even a substitute.

  • Lubricant market matrix

    The Indian lubricant market is the world’s third largest growing market. As per Petroleum Planning and Analysis Cell (PPAC)’s report, India consumed 3,640 TMT of lubricants in the year 2019-20 and it is expected to grow by 2.8% in the year 2020-21. The industry is made up of over 30 players, thus making the lubricant industry highly competitive.

  • LPG- expansion of network is priority

    The LPG Strategic Business Unit (SBU) registered sale of 6.87 MMT with a growth of 5.8% and growth of 0.02% in market share in the LPG Domestic segment in the year 2019-20. LPG has an overall market share of 26.28% amongst major OMCs. Network expansion has been a priority for providing accessibility of LPG to all households in the country, especially in rural areas. The LPG SBU added 214 distributors during the year, thereby taking the total distributor network to 6,110.

• Buy/Sell Signals

  No Data Available

• Price Analysis
  46%

  Positive Movement
  since 1st Jan 2005
  on basis

  54%

  Negative Movement
  since 1st Jan 2005
  on basis

  Exclude

  Global Meltdown1st Jan 2008 to 10th Nov 2008

  Covid Crisis1st Feb 2020 to 31st Mar 2020

• Pivot Levels

  R1	425.63	Pivot 418.47	S1	407.43
  R2	436.67		S2	400.27
  R3	454.87		S3	382.07

• Average True Range

  5 Days	14 Days	28 Days
  14.87	12.61	12.54

• Stock Performance

  • Stock Returns vs Nifty 100

    Stock gave a 3 year return of -13.6% as compared to Nifty 100 which gave a return of 30.66%. (as of last trading session)

  • Stock Returns vs Nifty Energy

    Stock generated -13.6% return as compared to Nifty Energy which gave investors 22.94% return over 3 year time period. (as of last trading session)

  • CHART
  • TABLE

  • 1D
  • 1W
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y

  • Choose from Peers

    Choose from Stocks

  NAME	1D	1W	1M	3M	1Y	3Y	5Y
  BPCL	-2.84	3.61	4.01	26.92	-11.40	-14.90	33.38
  Indian Oil Corp	-1.84	5.36	6.13	35.88	-19.41	-48.17	-5.03
  HPCL	-2.14	1.37	0.95	39.35	-10.69	-46.34	16.06
  Add More

  All values in %

  Choose from Peers

  Choose from Stocks
• Ratio Performance

  NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
  BPCL	21.27	2.33	8.36	6.83	2.02	12.03	2.17	0.79	15.53	0.72	1.69	7.73
  Indian Oil Corp	29.10	0.99	-0.93	5.55	-0.27	10.57	1.92	-0.66	-0.97	0.68	1.32	14.56
  HPCL	5.59	1.12	8.51	6.63	2.25	12.62	1.47	1.15	17.32	0.66	1.27	7.20
  Add More

  Annual Ratios (%)

  Choose from Peers

  Choose from Stocks

• QoQ Change
  Category	31 Dec 2020	30 Sep 2020	30 Jun 2020	31 Mar 2020
  Promoters	52.98	52.98	52.98	52.98
  Pledge	0.00	0.00	0.00	0.00
  FII	11.56	11.98	11.95	12.28
  DII	20.06	20.56	20.48	19.61
  Mutual Funds	13.26	13.76	13.66	12.80
  Others	15.40	14.48	14.59	15.13

• Total Shareholdings
  Category	No. of Shares	Percentage	% Change QoQ
  Promoters	1,14,91,83,592	52.98 %	0.00
  Pledge	0	0.00 %	0.00
  FII	25,08,21,553	11.56 %	-0.42
  DII	43,53,14,437	20.06 %	-0.50
  MF	28,77,43,543	13.26 %	-0.50
  Others	33,39,33,162	15.40 %	0.92

• SBI Equity Hybrid Direct-G

  Hybrid: Aggressive Hybrid

  4

  • 571.65

    Amount Invested (in Cr.)

  • 1.6%

    % of AUM

  • -21.05

    % Change (MoM basis)

• SBI ETF Nifty 50-D

  Equity: Large Cap

  • 453.72

    Amount Invested (in Cr.)

  • 0.51%

    % of AUM

  • 2.08

    % Change (MoM basis)

• HDFC Equity Direct-G

  Equity: Multi Cap

  2

  • 440.77

    Amount Invested (in Cr.)

  • 2.02%

    % of AUM

  • 0.00

    % Change (MoM basis)

• Futures
  • Expiry Month28-01-2021 (Current)25-02-2021 (Near)25-03-2021 (Far)

  Date	Price
  27-09-2020Current	415.10-13.50 (-3.15%)
  429.80 Open	430.15 High	411.35 Low
  428.60 Prev Close	8,762 Contracts Traded	66,239.02 Turnover (₹ Lakhs)

• Options
  • TypeCEPE
  • Expiry Month28-01-2021 (Current)25-02-2021 (Near)25-03-2021 (Far)
  • Strike Price240.0250.0260.0270.0280.0290.0300.0310.0320.0330.0340.0350.0360.0370.0380.0390.0400.0410.0420.0430.0440.0450.0460.0470.0480.0490.0500.0510.0520.0305.0315.0325.0335.0345.0355.0365.0375.0385.0395.0405.0415.0425.0435.0445.0455.0465.0475.0485.0495.0505.0

  Date	Price
  27-09-2020Current	0.00-108.10 (-100.00%)
  0.00 Open	0.00 High	0.00 Low
  108.10 Close	0 Contracts Traded	0.00 Turnover (₹ Lakhs)

• Recent

  Board Meeting

  Quarterly Results

  Oct 22, 2020

  Board Meeting

  Quarterly Results

  Aug 06, 2020

  General Meeting

  -

  Aug 04, 2020

• Board Meetings

  Announced on	Meeting on
  Oct 22, 2020	Oct 29, 2020
  Quarterly Results
  Aug 06, 2020	Aug 13, 2020
  Quarterly Results
  May 28, 2020	Jun 03, 2020
  Audited Results & Dividend
  Mar 05, 2020	Mar 12, 2020
  Interim Dividend
  Mar 05, 2020	Mar 06, 2020
  Interim Dividend

• Dividends

  Announced on	Ex-Date	Dividend%
  Mar 12, 2020	Mar 23, 2020	165%
  May 20, 2019	Aug 21, 2019	80%
  Feb 08, 2019	Feb 21, 2019	110%
  May 29, 2018	Aug 31, 2018	70%
  Feb 09, 2018	Feb 22, 2018	140%

• Bonus

  Announced on	Ex-Date
  May 30, 2017	Jul 13, 2017
  Bonus Ratio: 1 share(s) for every 2 shares held
  May 26, 2016	Jul 13, 2016
  Bonus Ratio: 1 share(s) for every 1 shares held
  May 25, 2012	Jul 13, 2012
  Bonus Ratio: 1 share(s) for every 1 shares held
  Sep 28, 2000	Dec 18, 2000
  Bonus Ratio: 1 share(s) for every 1 shares held
  Sep 02, 1994	Oct 14, 1994
  Bonus Ratio: 2 share(s) for every 1 shares held

• Splits

  No Data Available

• Rights

  No Data Available

• AGM/EGM Meetings

  Announced on	Meeting on
  Aug 04, 2020	Sep 28, 2020
  (Cancelled)
  Aug 04, 2020	Aug 31, 2020
  -
  Aug 04, 2020	-
  (Cancelled)
  Aug 04, 2020	-
  (Cancelled)
  Aug 04, 2020	-
  (Cancelled)

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 89926.37 Crore) operating in Gas & Petroleum sector. Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 322514.35 Crore to Sales Value (98.45 % of Total Sales), Oil Crude which contributed Rs 3588.92 Crore to Sales Value (1.09 % of Total Sales), Other Operating Revenue which contributed Rs 1187.32 Crore to Sales Value (0.36 % of Total Sales), Subsidy which contributed Rs 290.19 Crore to Sales Value (0.08 % of Total Sales)for the year ending 31-Mar-2020.For the quarter ended 30-09-2020, the company has reported a Consolidated sales of Rs 49408.60 Crore, up 30.03 % from last quarter Sales of Rs 37999.25 Crore and down -23.15 % from last year same quarter Sales of Rs 64289.50 Crore Company has reported net profit after tax of Rs 2671.57 Crore in latest quarter.The company’s top management includes Dr.K Ellangovan, Mr.Vinay Sheel Oberoi, Mr.Rajiv Bansal, Mr.Rajesh Aggarwal, Mr.R Ramachandran, Mr.N Vijayagopal, Mr.K Padmakar, Mr.Harshad P Shah, Mr.D Rajkumar, Mr.Arun Kumar Singh, Mrs.J M Shanti Sundharam. Company has Borkar & Muzumdar as its auditors. As on 31-12-2020, the company has a total of 2,169,252,744 shares outstanding. Show More

Bharat Petroleum Corporation Ltd. share price moved down by -2.84% from its previous close of Rs 426.70. Bharat Petroleum Corporation Ltd. stock last traded price is 414.60

Bharat Petroleum Corporation Ltd. share price moved down by -2.73% from its previous close of Rs 426.20. Bharat Petroleum Corporation Ltd. stock last traded price is 414.55

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