NSE: BPCL | BSE: 500547

Strong Performer, Under Radar

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365.05 13.75 (3.91%)

Near 52W High of ₹381.55

6.6M NSE+BSE Volume

NSE 12 Dec, 2025 3:31 PM (IST)

158,377.1

Market Cap

Market Runner Up

Beta 1Year

Average volatility

Bharat Petroleum Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BPCL, BSE:500547 Bharat Petroleum Corporation Ltd.

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Bharat Petroleum Corporation Ltd.

03 Nov 2025

365.05

3.91%

Bharat Petroleum Corporation (BPCL IN) Q2FY26 Result Update ...

Hold: Bharat Petroleum Corporati...

Target

Prabhudas Lilladhar

Number of MF schemes increased from 270 to 290 in Sep 2025 qtr.

Bharat Petroleum Corporation Ltd.

02 Nov 2025

365.05

3.91%

Strong 2Q; capex cycle clarity key to re-rating

Neutral: Bharat Petroleum Corporati...

Target

Motilal Oswal

BPCL’s EBITDA/PAT came in 32%/40% above expectationsin 2QFY26, driven by higher-than-anticipated GRM (USD10.8/bbl). Blended marketing margin also stood 35% above our estimate at INR7.2/lit (up 25% YoY).

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

15 Aug 2025, 12:00AM

365.05

3.91%

Rising capex intensity raises concerns

Neutral: Bharat Petroleum Corporati...

Target

Motilal Oswal

BPCL’s EBITDA/PAT came in 12%/11% below expectations in 1QFY26, impacted by lower-than-anticipated GRM (USD 4.9/bbl). However, blended marketing margin stood 25% above estimate at INR8.3/litre (up 75% YoY). Refining throughput and marketing volumes came in line with estimates.

Bharat Petroleum Corporation Ltd.'s price crossed above 50Day SMA today

Bharat Petroleum Corporation Ltd.

15 Aug 2025, 12:00AM

365.05

3.91%

Ahead of estimates, driven by stronger marketing performance

Buy: Bharat Petroleum Corporati...

ICICI Securities Limited

BPCL’s Q1FY26 EBITDA/PAT of INR 96.6bn/INR 61.2bn jumped 71%/2x YoY (+24%/91% QoQ). This was despite a USD 3/bbl YoY dip in GRMs, as stronger marketing earnings and higher other income have offset the GRM weakness.

Number of FII/FPI investors increased from 1381 to 1417 in Sep 2025 qtr.

Bharat Petroleum Corporation Ltd.

14 Aug 2025, 12:00AM

365.05

3.91%

Bharat Petroleum Corporation (BPCL IN) Q1FY26 Result Update ...

Hold: Bharat Petroleum Corporati...

Recommendation Target

Prabhudas Lilladhar

7.1/bbl) and gross marketing margin of Rs8.4/lit (Ple Rs7.6/lit). Better-thanexpected marketing margin compensated worse-than-expected GRM resulting in marginally lower standalone EBITDA of Rs96.6bn (Ple Rs102.6bn, BBGe Rs103.1bn, +71% YoY, +24.4% QoQ). Lower-than-expected depreciation and interest cost bridged the variance on PBT (reported Rs81.6bn, Ple Rs82.7bn)....

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

23 May 2025

365.05

3.91%

BHARAT PETROLEUM CORPORATION LTD

Hold: Bharat Petroleum Corporati...

Target

Geojit BNP Paribas

BPCL has demonstrated resilient financial performance, driven by strong refining performance, a growing gas business and strategic expansion plans. The revival of the Mozambique project and investment in the City Gas Distribution (CGD) business are positive developments. While the company's margin and pricing strategy will be crucial in navigating the volatile crude oil market, its significant capital expenditure...

Bharat Petroleum Corporation Ltd.'s price crossed above 50Day SMA today

Bharat Petroleum Corporation Ltd.

04 May 2025

365.05

3.91%

Bharat Petroleum Corporation (BPCL IN) Q4FY25 Result Update ...

Sell: Bharat Petroleum Corporati...

Target

Prabhudas Lilladhar

Marketing inventory gain for Q4FY25 at Rs5.23bn Bharat Petroleum Corporation (BPCL) reported better-than-expected Q4FY25 results with EBITDA of Rs77.6bn (up 2.4% QoQ, PLe: Rs35.7bn, BBGe: Rs57.9bn). Adj PAT came in at Rs45.5bn (down 2.1% QoQ, PLe: Rs14.1bn, BBGe: Rs25.2bn). The company reported an exceptional item of Rs17.7bn due to impairment loss in its WOS subsidiary BPRL. GRM stood at US$9.2/bbl while GMM as per our calculation came in at Rs5.9/ltr. While GMM on petrol/diesel has risen to...

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

03 May 2025

365.05

3.91%

Strong earnings but dividend disappoints

Neutral: Bharat Petroleum Corporati...

Target

Motilal Oswal

BPCL delivered a 46% beat on EBITDA in 4QFY25, driven by higher-than-estimated GRM (USD9.2/bbl) and marketing margins (INR5.9/lit; INR 0.3/lit due to inventory gain).

Number of MF schemes increased from 270 to 290 in Sep 2025 qtr.

Bharat Petroleum Corporation Ltd.

03 May 2025

365.05

3.91%

Robust GRMs drive significant earnings beat

Buy: Bharat Petroleum Corporati...

Target

Emkay

BPCL’s Q4FY25 performance was much better than expected. SA EBITDA/APAT was down 15%/18% YoY to Rs78.1/45.5bn, albeit at a significant beat, driven by reported GRM of USD9.2/bbl (Emkay: USD6/bbl).

Number of FII/FPI investors increased from 1381 to 1417 in Sep 2025 qtr.

Bharat Petroleum Corporation Ltd.

23 Jan 2025

365.05

3.91%

FCF generation under pressure amid new capex cycle

Neutral: Bharat Petroleum Corporati...

Motilal Oswal

BPCL’s reported 3QFY25 financial performance was largely in line with our expectations, as weaker-than-expected refining performance was offset by robust marketing margins.

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Is Bharat Petroleum Corporation Ltd. worth buying?

1470 Votes:

Buy 77.55%

Sell 11.43%

Hold 11.02%

RESEARCH REPORTS

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Neutral SEE REPORTS >

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