Gulf Oil Lubricants India Limited

NSE: GULFOILLUB · Unclassified

₹1,091.90+0.59%06 Nov 2026

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Instant answers about Gulf Oil Lubricants India Limited — computed from its filings, no language model

Market cap₹5,411 cr

Current price₹1,091.90

High / Low₹1,264 / ₹870

P/E13.4

P/B3.30

Book value₹330.7

ROE24.7%

ROCE24.9%

Debt / equity0.47

Dividend yield4.46%

EPS (TTM)₹81.68

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY26
Revenue	2,192	2,999	3,301	4,056
EBITDA	285	343	421	514
Operating margin	13.0%	11.4%	12.8%	12.7%
Interest	10	38	26	56
Depreciation	36	40	51	69
Profit before tax	284	313	412	463
Tax	73	80	104	118
Net profit	0	0	308	348
EPS ₹	41.89	47.30	62.76	70.47
Operating cash flow	-24	273	341	350
Capex	25	23	28	51
Dividend paid	45	25	201	242
Total assets	—	2,072	2,409	3,015
Equity	—	1,178	1,295	1,536

Quarterly performance

last 18 quarters · ₹ crore

showing latest 8 of 18 periods

	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	639	706	720	781	792	812	802	818	870	894	864	920	1,016	967	1,018	1,055	1,327	1,409
Operating profit	89	85	80	90	88	93	100	110	117	114	107	123	127	117	133	136	166	164
Operating margin	13.9%	12.0%	11.2%	11.5%	11.1%	11.4%	12.5%	13.5%	13.5%	12.7%	12.4%	13.3%	12.5%	12.1%	13.0%	12.9%	12.5%	11.6%
Other income	12	9	10	14	14	14	17	17	20	18	24	34	23	26	24	25	27	27
Interest	5	10	10	10	7	4	7	8	6	5	7	15	6	13	14	23	8	15
Depreciation	9	9	10	10	11	11	11	13	16	13	13	13	16	16	18	19	20	21
Profit before tax	86	74	70	84	84	92	99	107	115	114	111	129	128	113	102	120	165	154
Tax	23	19	18	22	22	23	25	27	28	29	28	32	33	29	26	30	44	39
Net profit	0	0	0	0	0	0	0	80	86	86	84	98	96	86	76	90	123	115
EPS ₹	12.57	11.18	10.67	12.78	12.67	13.88	15.00	16.19	17.69	17.49	17.01	19.89	19.45	17.35	15.50	18.17	24.88	23.30
Revenue YoY	—	—	—	—	24.0%	14.9%	11.5%	4.7%	9.8%	10.1%	7.7%	12.6%	13.7%	11.9%	10.6%	—	30.6%	45.7%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	22.2%	11.4%	2.2%	-21.9%	—	28.5%	34.9%

Earlier results (standalone, Jun '14 – Dec '21)

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

Gulf Oil Lubricants India Limited 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

	FY15†	FY16†	FY17†	FY18†	FY19†	FY20†	FY21†
Revenue	980	1,011	1,131	1,378	1,706	1,644	1,652
Operating profit	129	159	180	236	288	287	265
Operating margin	13.2%	15.7%	15.9%	17.1%	16.9%	17.4%	16.1%
Other income	9	18	22	26	30	36	52
Interest	18	18	10	9	20	25	15
Depreciation	5	6	7	10	22	33	34
Profit before tax	116	153	185	243	275	265	269
Tax	39	53	64	84	97	62	69
Net profit	77	100	121	159	178	203	200

Quarters

showing latest 8 of 31 periods

	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†	JUN '19†	SEP '19†	DEC '19†	MAR '20†	JUN '20†	SEP '20†	DEC '20†	MAR '21†	JUN '21†	SEP '21†	DEC '21†
Revenue	230	243	243	264	230	249	260	272	284	274	274	300	326	323	356	373	390	417	462	436	441	421	422	360	241	412	482	517	417	534	602
Operating profit	30	32	32	36	35	39	41	45	48	44	41	47	49	62	62	63	65	71	78	74	78	76	78	55	25	78	83	78	42	77	77
Operating margin	12.8%	13.2%	13.1%	13.6%	15.0%	15.5%	15.8%	16.5%	17.1%	16.0%	15.2%	15.5%	15.1%	19.2%	17.3%	16.8%	16.5%	17.1%	16.8%	17.0%	17.7%	18.0%	18.4%	15.4%	10.5%	19.0%	17.3%	15.1%	10.1%	14.5%	12.8%
Other income	2	2	3	2	4	4	4	6	4	5	5	7	8	4	7	7	7	7	7	9	8	8	9	10	13	14	12	13	11	11	11
Interest	4	4	6	3	6	5	4	3	4	1	3	2	3	2	1	3	4	10	2	3	3	7	4	10	7	5	1	2	4	0	0
Depreciation	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2	4	5	6	6	6	8	8	8	9	8	9	9	8	8	9	9
Profit before tax	27	28	28	33	31	36	40	46	47	46	42	49	52	62	65	63	62	62	77	75	75	69	74	47	23	79	86	81	41	79	79
Tax	9	9	9	12	11	12	14	16	16	16	15	17	18	22	23	22	22	22	27	27	26	7	18	11	6	20	22	21	10	20	20
Net profit	18	19	18	22	20	24	26	30	31	30	28	32	34	40	42	41	40	40	50	48	49	62	56	36	17	59	64	60	30	59	59
EPS ₹	3.64	3.91	3.68	4.39	4.12	4.76	5.28	6.06	6.29	6.09	5.56	6.47	6.91	8.14	8.54	8.33	8.07	8.10	10.00	9.56	9.78	12.41	11.15	7.17	3.43	11.79	12.75	11.89	6.03	11.66	11.63
Revenue YoY	—	—	—	—	0.0%	2.3%	7.3%	3.1%	23.1%	10.2%	5.1%	10.2%	15.0%	17.8%	30.1%	24.6%	19.7%	29.2%	29.8%	16.8%	12.9%	1.0%	-8.7%	-17.5%	-45.3%	-2.3%	14.2%	43.9%	73.1%	29.6%	24.9%
Profit YoY	—	—	—	—	13.6%	21.8%	43.5%	38.1%	52.1%	28.0%	5.4%	6.8%	10.0%	33.7%	53.9%	28.9%	17.0%	-0.3%	17.2%	15.0%	21.4%	53.8%	12.2%	-24.4%	-64.8%	-4.6%	14.6%	66.4%	76.8%	-0.7%	-8.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 12 periods

	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	0.0%	0.0%	0.0%	0.0%	6.7%	12.8%	19.5%	24.6%	25.9%	22.6%	24.4%	24.7%
ROCE	25.4%	23.2%	24.0%	24.6%	25.9%	26.9%	28.3%	26.2%	27.8%	25.3%	27.3%	24.9%
Net margin	0.0%	0.0%	0.0%	0.0%	2.5%	5.0%	7.5%	9.8%	10.0%	8.6%	8.6%	8.4%
EBITDA margin	12.1%	11.4%	11.3%	11.6%	12.1%	12.8%	13.1%	13.0%	13.0%	12.7%	12.6%	12.4%
Debt / equity	0.35	0.28	0.28	0.31	0.31	0.26	0.26	0.32	0.32	0.33	0.33	0.47
Interest coverage	9.68	9.31	11.46	13.51	15.26	16.93	17.61	18.65	15.84	9.22	9.50	9.89
Asset turnover	1.51	1.45	1.50	1.43	1.45	1.37	1.40	1.30	1.34	1.35	1.45	1.30

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	10	10	10	10	10	10	10	10
Other equity / reserves	1,013	1,169	1,191	1,285	1,359	1,639	1,526	1,629
Total equity	1,023	1,178	1,201	1,295	1,369	1,649	1,536	1,639
Borrowings	357	332	377	333	432	469	514	774
Current liabilities	827	845	985	982	1,148	1,139	1,334	1,895
Non-current liabilities	36	48	42	60	56	60	97	119
Total assets	1,887	2,072	2,227	2,409	2,643	2,915	3,015	3,697
Property, plant & equipment	262	275	260	254	257	274	315	340
Capital work-in-progress	12	3	5	9	16	5	7	17
Investments	49	88	88	91	91	89	51	51
Inventories	566	472	521	494	576	539	595	864
Receivables	327	410	474	502	521	568	535	743
Cash & equivalents	500	650	719	703	844	1,094	1,136	1,269

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	-24	273	341	350
Cash from investing	-17	30	-51	11
Cash from financing	98	-202	-238	-251
Capex	25	23	28	51
Free cash flow	-48	250	314	298
Dividends paid	45	25	201	242

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹340 cr9%

CWIP

₹17 cr0%

Investments

₹51 cr1%

Inventories

₹864 cr23%

Receivables

₹743 cr20%

Cash & equivalents

₹1,269 cr34%

Other assets

₹413 cr11%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Gulf Oil Lubricants India Limited	5,411	1,091.90	13.4	3.30	24.7%

StoxGud checklist: Bullish setup · 8/10

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-2.4%

6 months+8.5%

1 year-10.7%

3Y CAGR+21.5%

5Y CAGR+13.0%

10Y CAGR+3.8%

50-day avg₹1,082.08

200-day avg₹1,040.47

RSI (14)51

FAQs

What is the share price of Gulf Oil Lubricants India Limited?

Gulf Oil Lubricants India Limited (GULFOILLUB) closed at ₹1,091.90 on NSE on 06 Nov 2026.

What is the market cap of Gulf Oil Lubricants India Limited?

₹5,411 crore at the latest close.

What is the P/E ratio of Gulf Oil Lubricants India Limited?

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

How fast is Gulf Oil Lubricants India Limited growing?

Gulf Oil Lubricants India Limited: revenue has compounded at 22.8% a year over three years. Latest-quarter revenue is up 45.7% year on year, profit up 34.9%.

How profitable is Gulf Oil Lubricants India Limited?

On a trailing-twelve-month basis return on equity is 24.7%, return on capital employed 24.9%, operating margin 12.4%, net margin 8.4%.

How much debt does Gulf Oil Lubricants India Limited have?

Gulf Oil Lubricants India Limited is lightly geared: debt to equity is 0.47 with borrowings of ₹774 cr against cash of ₹1,269 cr (balance sheet of 2026-09-30). Operating profit covers interest 9.9 times.

Financials parsed from Gulf Oil Lubricants India Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '22, annual from FY22, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.