Bharat Petroleum Corporation Ltd.

NSE: BPCL · Oil Gas & Consumable Fuels

₹319.90+0.88%06 Nov 2026

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Instant answers about Bharat Petroleum Corporation Ltd. — computed from its filings, no language model

Market cap₹1,36,680 cr

Current price₹319.90

High / Low₹388 / ₹271

P/E8.6

P/B1.35

Book value₹237.5

ROE15.6%

ROCE15.3%

Debt / equity0.50

Dividend yield6.97%

EPS (TTM)₹36.99

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3,29,797	3,04,266	4,32,570	5,33,547	5,06,993	5,00,517	5,22,820
EBITDA	8,349	21,296	19,137	10,888	44,082	25,401	41,202
Operating margin	2.5%	7.0%	4.4%	2.0%	8.7%	5.1%	7.9%
Interest	2,637	1,723	2,606	3,745	4,149	3,591	2,953
Depreciation	4,080	4,334	5,434	6,369	6,771	7,257	7,856
Profit before tax	2,251	22,758	14,501	629	35,129	16,860	33,280
Tax	-14	5,112	4,355	690	9,336	4,846	8,948
Net profit	3,055	16,165	11,682	2,131	26,859	13,337	25,843
EPS ₹	15.53	81.87	54.91	10.01	126.08	31.21	60.49
Operating cash flow	—	—	20,336	12,466	35,936	23,678	50,769
Capex	—	—	7,751	7,448	8,842	15,143	16,030
Dividend paid	—	—	14,483	1,282	5,329	6,561	9,525
Total assets	1,50,864	1,60,982	1,87,529	1,88,109	2,02,418	2,18,382	2,48,616
Equity	36,532	53,555	51,906	53,522	75,635	81,384	1,00,170

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	86,413	75,628	85,927	81,830	50,909	66,331	87,293	99,733	89,712	1,01,938	1,17,703	1,23,217	1,28,356	1,33,348	1,33,420	1,28,264	1,16,657	1,29,985	1,32,087	1,28,106	1,17,949	1,27,551	1,26,916	1,29,615	1,21,605	1,36,653	1,34,948	1,59,527	1,57,818
Operating profit	2,982	2,849	3,098	-580	4,260	5,067	5,454	6,301	3,125	4,965	5,123	5,954	1,415	4,213	11,085	15,785	12,941	6,199	9,158	5,627	4,517	7,526	7,737	9,678	9,761	11,687	10,076	-4,055	8,973
Operating margin	3.5%	3.8%	3.6%	-0.7%	8.4%	7.6%	6.2%	6.3%	3.5%	4.9%	4.4%	4.8%	1.1%	3.2%	8.3%	12.3%	11.1%	4.8%	6.9%	4.4%	3.8%	5.9%	6.1%	7.5%	8.0%	8.6%	7.5%	-2.5%	5.7%
Other income	543	416	569	401	537	305	735	677	419	659	589	602	347	339	483	562	676	491	507	570	697	608	805	750	953	646	951	1,249	349
Interest	566	756	626	689	691	108	345	579	582	662	661	752	937	1,128	970	869	973	700	967	889	923	861	919	758	833	657	705	627	991
Depreciation	977	1,017	1,042	1,043	1,073	1,065	1,073	1,124	1,150	1,349	1,332	1,603	1,561	1,586	1,605	1,614	1,605	1,830	1,722	1,686	1,779	1,810	1,982	1,889	1,958	1,979	2,031	2,069	2,097
Profit before tax	1,982	1,492	1,999	-3,222	3,033	4,089	4,285	11,351	3,111	3,660	3,348	4,382	-906	1,648	7,818	13,626	10,756	3,876	6,872	3,480	2,438	5,403	5,539	7,714	7,757	9,530	8,281	-3,617	6,235
Tax	575	167	383	-1,139	893	1,417	1,658	1,144	499	935	994	1,927	-72	166	1,984	3,458	2,812	1,186	1,880	1,017	796	1,527	1,505	2,033	2,153	2,549	2,213	-1,343	1,697
Net profit	1,800	1,503	1,776	-1,847	2,035	2,263	1,565	10,301	2,873	3,201	2,805	2,803	-338	1,747	6,870	10,644	8,244	3,181	4,790	2,842	2,297	3,806	4,392	6,839	6,191	7,188	5,625	-1,873	4,863
EPS ₹	8.26	7.64	9.03	-9.39	10.35	11.51	7.96	51.57	13.54	15.03	13.17	13.16	-1.59	8.20	32.26	49.99	38.71	14.94	22.46	6.65	5.38	8.91	10.28	16.01	14.49	16.82	13.16	-4.38	11.38
Revenue YoY	—	—	—	—	-41.1%	-12.3%	1.6%	21.9%	76.2%	53.7%	34.8%	23.5%	25.9%	13.3%	8.3%	—	-9.1%	-2.5%	-1.0%	-0.1%	1.1%	-1.9%	-3.9%	1.2%	3.1%	7.1%	6.3%	23.1%	29.8%
Profit YoY	—	—	—	—	13.1%	50.6%	-11.9%	—	41.1%	41.4%	79.2%	-72.8%	-110.6%	-37.7%	145.1%	—	—	82.1%	-30.3%	-73.3%	-72.1%	19.6%	-8.3%	140.7%	169.5%	88.9%	28.1%	-127.4%	-21.5%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Bharat Petroleum Corporation Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,35,306	1,22,360	1,51,625	2,11,957	2,40,116	2,60,061	2,38,076	1,89,303	2,42,048	2,77,156	3,37,495
Operating profit	2,806	2,463	3,494	3,935	6,107	8,086	8,304	11,056	10,829	11,662	11,837
Operating margin	2.1%	2.0%	2.3%	1.9%	2.5%	3.1%	3.5%	5.8%	4.5%	4.2%	3.5%
Other income	1,440	2,156	1,675	1,634	1,680	1,469	2,211	2,012	2,601	3,017	3,111
Interest	2,166	1,011	1,101	1,800	1,825	1,359	583	563	496	833	1,319
Depreciation	1,076	1,242	1,655	1,885	1,926	2,247	2,516	1,854	1,891	2,648	3,189
Profit before tax	1,004	2,366	2,413	1,884	4,036	5,949	7,416	10,651	11,043	11,198	10,440
Tax	268	828	866	573	1,393	1,888	2,331	3,219	3,003	3,279	3,308
Net profit	736	1,538	1,547	1,311	2,643	4,061	5,085	7,432	8,039	7,919	7,132

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	25,170	28,928	32,579	39,022	37,851	31,908	26,525	25,514	27,092	32,183	37,570	34,233	35,435	36,686	45,272	46,140	42,302	58,847	64,669	54,548	56,888	62,369	66,311	58,736	61,785	64,768	74,772	66,790	62,025	57,915	51,346	51,966	46,474	46,667	44,197	57,016	54,913	64,096	66,023	66,766	64,127	70,195	76,067	82,431	82,885	88,238	83,942
Operating profit	1,565	437	860	-769	-2,143	1,544	4,173	767	-95	644	1,147	-1,406	2,486	749	1,665	-2,164	-2,695	3,710	5,084	-8,150	5,388	2,287	6,581	937	1,708	-916	6,358	1,520	1,118	1,170	4,496	3,818	1,332	2,417	3,490	3,919	1,381	3,316	2,212	1,225	3,528	3,188	3,722	3,875	2,419	737	4,805
Operating margin	6.2%	1.5%	2.6%	-2.0%	-5.7%	4.8%	15.7%	3.0%	-0.4%	2.0%	3.1%	-4.1%	7.0%	2.0%	3.7%	-4.7%	-6.4%	6.3%	7.9%	-14.9%	9.5%	3.7%	9.9%	1.6%	2.8%	-1.4%	8.5%	2.3%	1.8%	2.0%	8.8%	7.3%	2.9%	5.2%	7.9%	6.9%	2.5%	5.2%	3.4%	1.8%	5.5%	4.5%	4.9%	4.7%	2.9%	0.8%	5.7%
Other income	365	190	134	276	298	277	590	681	421	466	588	321	534	310	510	427	379	417	411	314	457	402	508	338	457	251	423	1,023	255	350	582	330	686	301	695	365	1,022	551	662	657	800	727	833	548	538	967	1,058
Interest	123	162	216	302	534	716	615	287	267	251	206	232	278	275	316	335	453	517	494	520	412	576	317	525	324	305	205	195	129	120	139	115	107	98	243	111	102	135	148	179	235	200	219	302	328	337	353
Depreciation	232	306	332	269	242	301	263	231	309	382	321	401	402	370	483	490	460	467	468	480	398	466	582	530	538	559	619	557	633	626	699	537	417	456	444	431	452	484	524	589	641	677	741	739	757	778	915
Profit before tax	1,575	287	447	-1,064	-2,621	804	3,885	931	-250	477	1,208	-1,718	2,340	414	1,376	-2,562	-3,229	3,142	4,533	-8,837	5,035	1,648	6,190	219	1,302	-1,529	5,957	1,791	610	774	4,240	3,496	1,494	2,164	3,497	3,742	1,849	3,249	2,203	1,114	3,453	3,038	3,594	3,382	1,873	590	4,595
Tax	537	-4	388	2	5	4	257	316	-91	98	505	0	198	227	441	0	0	3	570	0	0	0	1,393	69	371	-440	1,888	575	146	223	1,387	1,120	476	675	948	1,121	544	977	362	369	1,095	894	920	1,089	654	94	1,470
Net profit	1,038	291	58	-1,067	-2,625	800	3,628	614	-159	379	703	-1,718	2,142	187	935	-2,562	-3,229	3,140	3,963	-8,837	5,035	1,648	4,797	150	931	-1,089	4,068	1,216	464	551	2,853	2,376	1,018	1,489	2,549	2,620	1,305	2,272	1,842	745	2,357	2,144	2,674	2,293	1,219	495	3,125
EPS ₹	28.72	8.06	1.62	-29.50	-72.61	22.12	100.35	16.99	-4.39	10.49	19.45	-47.52	59.25	5.18	25.87	-70.86	-89.32	86.84	109.61	-122.21	69.63	22.79	66.35	2.08	12.88	-15.06	56.26	16.82	6.42	7.62	39.45	32.86	14.08	20.59	35.25	18.12	9.03	15.71	14.04	3.79	11.99	10.90	13.59	11.66	6.20	2.52	15.89
Revenue YoY	—	—	—	—	50.4%	10.3%	-18.6%	-34.6%	-28.4%	0.9%	41.6%	34.2%	30.8%	14.0%	20.5%	34.8%	19.4%	60.4%	42.8%	18.2%	34.5%	6.0%	2.5%	7.7%	8.6%	3.8%	12.8%	13.7%	0.4%	-10.6%	-31.3%	-22.2%	-25.1%	-19.4%	-13.9%	9.7%	18.2%	37.3%	49.4%	17.1%	16.8%	9.5%	15.2%	23.5%	29.3%	25.7%	10.4%
Profit YoY	—	—	—	—	-352.9%	174.6%	6112.4%	—	—	-52.6%	-80.6%	-379.8%	—	-50.6%	33.0%	—	-250.7%	1575.5%	323.8%	—	—	-47.5%	21.1%	—	-81.5%	-166.1%	-15.2%	709.1%	-50.1%	—	-29.9%	95.4%	119.3%	170.1%	-10.6%	10.3%	28.2%	52.6%	-27.8%	-71.6%	80.6%	-5.6%	45.2%	208.0%	-48.3%	-76.9%	16.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	8.8%	9.5%	11.6%	11.0%	30.2%	31.7%	33.5%	35.8%	22.5%	35.4%	38.7%	40.8%	35.5%	25.2%	17.0%	17.8%	16.4%	21.3%	22.6%	26.2%	25.8%	17.1%	15.6%
ROCE	5.3%	6.6%	8.7%	10.8%	38.0%	37.9%	38.1%	37.1%	15.9%	22.9%	29.7%	31.1%	31.9%	23.5%	15.9%	17.3%	15.4%	18.5%	21.7%	24.6%	25.2%	17.2%	15.3%
Net margin	1.0%	1.2%	1.5%	1.4%	5.3%	5.0%	4.7%	4.7%	2.7%	3.6%	5.4%	5.7%	5.3%	3.8%	2.6%	2.7%	2.7%	3.5%	4.2%	4.8%	4.9%	3.1%	2.7%
EBITDA margin	2.5%	3.3%	4.2%	5.0%	6.9%	5.8%	5.2%	4.8%	4.4%	6.2%	8.6%	9.1%	8.7%	6.7%	5.0%	5.3%	5.1%	5.9%	6.9%	7.5%	7.9%	5.0%	4.5%
Debt / equity	1.53	1.53	1.53	1.53	0.20	0.20	0.20	0.20	1.08	1.13	0.79	0.79	0.60	0.60	0.64	0.64	0.63	0.63	0.46	0.46	0.43	0.43	0.50
Interest coverage	1.85	2.20	3.79	5.46	14.20	15.14	11.33	9.64	6.46	6.68	9.59	11.27	11.01	8.08	5.79	6.00	5.69	7.10	8.84	10.64	12.27	8.78	7.85
Asset turnover	2.19	1.95	1.89	1.90	1.89	2.13	2.35	2.54	2.31	2.78	2.43	2.41	2.50	2.50	2.41	2.39	2.29	2.30	2.22	2.26	2.10	2.22	2.25

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	723	723	656	1,311	1,967	1,967	1,967	2,093	2,129	2,129	2,129	2,129	2,136	4,273	4,273	4,273	4,273	4,273
Other equity / reserves	18,703	21,825	27,138	29,508	34,652	36,798	34,565	51,462	49,776	44,637	51,393	68,853	73,499	72,835	77,112	89,663	95,898	97,191
Total equity	19,426	22,548	27,793	30,820	36,619	38,765	36,532	53,555	51,906	46,767	53,522	70,982	75,635	77,108	81,384	93,935	1,00,170	1,01,464
Borrowings	32,799	21,018	21,122	31,473	36,997	42,915	55,839	10,936	55,933	72,370	60,455	56,335	45,485	49,187	51,061	43,073	43,482	51,218
Current liabilities	—	—	—	—	—	—	60,222	—	83,068	89,342	74,842	88,679	80,883	88,665	90,672	88,432	1,05,452	1,22,670
Non-current liabilities	—	—	—	—	—	—	52,053	—	52,555	60,662	59,745	51,342	45,899	45,453	46,326	45,600	42,993	37,385
Total assets	88,879	86,973	86,422	1,09,086	1,20,356	1,36,930	1,50,864	1,60,982	1,87,529	1,96,771	1,88,109	2,11,003	2,02,418	2,11,226	2,18,382	2,27,967	2,48,616	2,61,519
Property, plant & equipment	26,812	28,521	25,190	33,439	45,261	48,971	59,761	—	81,507	82,077	84,465	83,498	84,718	85,634	86,594	85,662	91,701	93,511
Capital work-in-progress	9,347	15,762	12,745	11,763	4,486	7,293	9,949	—	—	6,165	5,645	7,132	8,680	9,127	13,240	15,333	16,394	21,385
Investments	6,985	7,712	9,401	21,327	23,725	24,907	27,029	—	19,174	26,504	26,778	28,165	26,631	27,239	26,531	29,959	30,136	34,001
Inventories	23,169	17,400	14,644	21,197	22,531	22,935	22,243	26,707	42,179	44,560	38,069	44,113	42,836	44,319	45,265	45,455	53,304	58,636
Receivables	4,544	2,902	2,217	4,804	5,209	6,906	5,378	—	9,707	4,868	6,724	5,757	8,342	7,484	9,339	8,059	4,980	7,865
Cash & equivalents	2,311	3,446	2,037	608	594	414	800	7,568	2,159	1,715	2,313	6,089	2,301	556	558	431	320	376

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	9,588	20,742	11,119	9,041	11,068	10,157	7,881	23,554	20,336	12,466	35,936	23,678	50,769
Cash from investing	-6,881	-10,536	-9,233	-15,274	-7,066	-10,451	-11,135	-2,573	-8,138	-7,806	-10,521	-19,180	-26,067
Cash from financing	-3,736	-9,792	-1,332	4,804	-4,218	207	3,583	-13,981	-17,672	-4,402	-25,427	-6,241	-24,940
Capex	7,238	10,885	10,184	9,559	7,752	10,541	12,197	9,206	7,751	7,448	8,842	15,143	16,030
Free cash flow	2,350	9,857	935	-518	3,316	-384	-4,316	14,348	12,585	5,017	27,094	8,535	34,739
Dividends paid	832	1,272	2,737	5,495	3,579	4,006	5,327	4,924	14,483	1,282	5,329	6,561	9,525

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹93,511 cr36%

CWIP

₹21,385 cr8%

Investments

₹34,001 cr13%

Inventories

₹58,636 cr22%

Receivables

₹7,865 cr3%

Cash & equivalents

₹376 cr0%

Other assets

₹45,744 cr17%

Peer comparison

largest in Oil Gas & Consumable Fuels · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Reliance Industries Ltd.	17,86,356	1,320.00	21.8	1.89	8.7%
Oil & Natural Gas Corporation Ltd.	2,91,561	231.76	5.9	0.73	12.4%
Coal India Ltd.	2,46,509	400.00	7.4	1.93	26.2%
Indian Oil Corporation Ltd.	2,06,523	146.25	4.4	0.89	20.3%
Bharat Petroleum Corporation Ltd.	1,36,680	319.90	8.6	1.35	15.6%
GAIL (India) Ltd.	1,22,159	185.79	9.7	1.26	13.1%
Hindustan Petroleum Corporation Ltd.	82,379	387.15	—	1.56	-4.9%
Oil India Ltd.	72,205	443.90	8.6	1.24	14.4%
Adani Total Gas Ltd.	63,282	575.40	98.6	12.22	12.4%
Petronet LNG Ltd.	47,550	317.00	19.9	1.96	9.9%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+7.9%

6 months+4.0%

1 year-8.1%

3Y CAGR+20.4%

5Y CAGR+8.2%

10Y CAGR+3.8%

50-day avg₹302.25

200-day avg₹315.84

RSI (14)67

Long-term financials (FY12–FY12)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY12	₹2,12,140 Cr	₹1,599 Cr	₹851 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Bharat Petroleum Corporation Ltd. with

Reliance Industries vs Bharat Petroleum Corporation Oil & Natural Gas Corporation vs Bharat Petroleum Corporation Coal India vs Bharat Petroleum Corporation Indian Oil Corporation vs Bharat Petroleum Corporation Bharat Petroleum Corporation vs GAIL (India)Bharat Petroleum Corporation vs Hindustan Petroleum Corporation

FAQs

What is the share price of Bharat Petroleum Corporation Ltd.?

Bharat Petroleum Corporation Ltd. (BPCL) closed at ₹319.90 on NSE on 06 Nov 2026.

What is the market cap of Bharat Petroleum Corporation Ltd.?

₹1,36,680 crore at the latest close.

What is the P/E ratio of Bharat Petroleum Corporation Ltd.?

8.6, on trailing-twelve-month earnings from its filings.

How fast is Bharat Petroleum Corporation Ltd. growing?

Bharat Petroleum Corporation Ltd.: revenue has compounded at -0.7% a year over three years; net profit at 129.7% a year. Latest-quarter revenue is up 29.8% year on year, profit down 21.5%.

How profitable is Bharat Petroleum Corporation Ltd.?

On a trailing-twelve-month basis return on equity is 15.6%, return on capital employed 15.3%, operating margin 4.5%, net margin 2.7%.

How much debt does Bharat Petroleum Corporation Ltd. have?

Bharat Petroleum Corporation Ltd. is moderately geared: debt to equity is 0.50 with borrowings of ₹51,218 cr against cash of ₹376 cr (balance sheet of 2026-09-30). Operating profit covers interest 7.9 times.

Financials parsed from Bharat Petroleum Corporation Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.