This article analyzes BPCL’s financials, quarterly and annual performance, and future BPCL share price targets from 2024 to 2030.
Bharat Petroleum Corporation Limited (BPCL), a major public sector enterprise, is engaged in refining crude oil and marketing petroleum products.
BPCL has consistently demonstrated strong performance in the stock market, reflecting its solid financial health and strategic business operations.
This monthly forecast provides a broad picture of BPCL’s potential share price movement from 2024 to 2030, underlining a steady growth trend.
Bharat Petroleum Corporation Limited (BPCL) is one of India’s largest oil refining and marketing companies.
As a public sector enterprise, BPCL plays a crucial role in the country’s energy sector, ensuring a steady supply of petroleum products across the nation.
The company’s diverse product portfolio includes petrol, diesel, LPG, aviation turbine fuel, and other specialty products.
BPCL’s quarterly sales and expenses data showcase its operational scale and efficiency. Below is a detailed overview of the company’s financial performance over recent quarters:
| Quarter | Sales | Expenses | Operating Profit | OPM % | Other Income | Interest | Depreciation | Profit Before Tax | Tax % | Net Profit | EPS (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2021 | 70,946 | 67,821 | 3,125 | 4% | 1,979 | 582 | 1,150 | 3,372 | 15% | 2,873 | 6.62 |
| Sep 2021 | 76,439 | 71,474 | 4,965 | 6% | 1,131 | 611 | 1,349 | 4,136 | 23% | 3,201 | 7.38 |
| Dec 2021 | 95,121 | 90,019 | 5,102 | 5% | 688 | 660 | 1,394 | 3,737 | 26% | 2,759 | 6.36 |
| Mar 2022 | 104,080 | 98,126 | 5,954 | 6% | 1,131 | 752 | 1,603 | 4,730 | 41% | 2,803 | 6.46 |
| Jun 2022 | 121,082 | 126,906 | -5,824 | -5% | 615 | 710 | 1,617 | -7,537 | -18% | -6,148 | -14.17 |
| Sep 2022 | 114,820 | 113,406 | 1,415 | 1% | 673 | 937 | 1,561 | -410 | -17% | -338 | -0.78 |
| Dec 2022 | 119,170 | 114,957 | 4,213 | 4% | 415 | 1,128 | 1,586 | 1,913 | 9% | 1,747 | 4.03 |
| Mar 2023 | 118,115 | 107,031 | 11,085 | 9% | 523 | 1,148 | 1,605 | 8,854 | 22% | 6,870 | 15.84 |
| Jun 2023 | 112,985 | 97,200 | 15,785 | 14% | 1,003 | 1,071 | 1,614 | 14,103 | 25% | 10,644 | 24.53 |
| Sep 2023 | 103,044 | 90,104 | 12,941 | 13% | 694 | 973 | 1,605 | 11,056 | 25% | 8,244 | 19.00 |
| Dec 2023 | 115,499 | 109,300 | 6,199 | 5% | 919 | 920 | 1,830 | 4,367 | 27% | 3,181 | 7.33 |
| Mar 2024 | 116,555 | 107,600 | 8,955 | 8% | 403 | 967 | 1,722 | 6,669 | 28% | 4,790 | 11.04 |
| Jun 2024 | 113,095 | 107,468 | 5,627 | 5% | 807 | 889 | 1,686 | 3,859 | 26% | 2,842 | 6.55 |
BPCL’s quarterly performance has been marked by fluctuations in sales and operating profit margins (OPM).
The company’s OPM experienced a dip in June 2022, primarily due to increased expenses outpacing sales growth.
However, subsequent quarters have recovered, with OPM stabilizing in double digits, particularly in the June and September 2023 quarters.
The company’s ability to generate consistent operating profit and manage expenses effectively will be key to sustaining its growth trajectory.
BPCL’s annual financial performance further highlights its robust operational capabilities:
| Year | Sales | Expenses | Operating Profit | OPM % | Other Income | Interest | Depreciation | Profit Before Tax | Tax % | Net Profit | EPS (₹) | Dividend Payout % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2013 | 242,181 | 235,472 | 6,709 | 3% | 1,492 | 2,518 | 2,463 | 3,220 | 40% | 1,936 | 4.34 | 42% |
| Mar 2014 | 264,421 | 255,007 | 9,414 | 4% | 1,344 | 1,982 | 2,611 | 6,166 | 34% | 4,053 | 9.01 | 31% |
| Mar 2015 | 242,598 | 232,818 | 9,780 | 4% | 2,117 | 1,180 | 3,027 | 7,690 | 34% | 5,082 | 11.08 | 34% |
| Mar 2016 | 187,815 | 174,844 | 12,971 | 7% | 1,913 | 680 | 2,072 | 12,132 | 33% | 8,089 | 18.64 | 25% |
| Mar 2017 | 201,251 | 187,468 | 13,783 | 7% | 2,721 | 696 | 2,108 | 13,700 | 31% | 9,507 | 20.10 | 49% |
| Mar 2018 | 235,895 | 220,578 | 15,317 | 6% | 2,927 | 1,186 | 2,885 | 14,174 | 31% | 9,792 | 20.76 | 46% |
| Mar 2019 | 298,226 | 283,113 | 15,112 | 5% | 2,975 | 1,764 | 3,418 | 12,905 | 34% | 8,528 | 17.98 | 48% |
| Mar 2020 | 284,572 | 275,597 | 8,975 | 3% | 1,393 | 2,637 | 4,080 | 3,652 | -0% | 3,666 | 7.04 | 106% |
| Mar 2021 | 230,171 | 209,170 | 21,001 | 9% | 7,489 | 1,723 | 4,334 | 22,432 | 23% | 17,320 | 37.26 | 102% |
| Mar 2022 | 346,791 | 327,654 | 19,137 | 6% | 4,939 | 2,606 | 5,434 | 16,037 | 27% | 11,682 | 26.93 | 29% |
| Mar 2023 | 473,187 | 462,288 | 10,899 | 2% | 2,036 | 3,745 | 6,369 | 2,821 | 24% | 2,131 | 4.91 | 40% |
| Mar 2024 | 467,469 | 449,400 | 18,069 | 4% | 2,731 | 3,534 | 6,513 | 10,752 | 22% | 8,353 | 19.26 | 43% |
| Mar 2025 | 518,697 | 500,000 | 18,697 | 4% | 3,095 | 3,567 | 6,719 | 12,505 | 23% | 9,629 | 22.20 | 45% |
BPCL’s annual sales have shown a steady increase over the years, indicating strong demand for its products.
Despite challenges, including fluctuations in crude oil prices and economic conditions, the company has maintained a consistent operating profit margin (OPM), averaging around 4% in recent years.
The net profit and EPS (Earnings Per Share) have also demonstrated resilience, further establishing BPCL as a stable investment option.
The shareholding pattern of BPCL indicates strong promoter confidence, with over 50% of the shares held by promoters.
Foreign Institutional Investors (FIIs) and Mutual Funds also hold significant stakes, reflecting their confidence in the company’s long-term prospects.
BPCL has demonstrated robust financial performance over the years, reflecting its strategic business operations and market positioning.
The company’s consistent revenue growth, stable operating margins, and strong shareholding pattern make it a promising investment option.
With the projected BPCL share price targets showing an upward trend, BPCL remains an attractive stock for long-term investors looking to capitalize on the growth potential in the Indian oil and gas sector.
Investors are advised to consider the broader economic environment, crude oil price fluctuations, and government policies impacting the oil and gas industry before making investment decisions.
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