NSE: BPCL | BSE: 500547

Mid-range Performer

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336.30 -1.60 (-0.47%)

43.71% Gain from 52W Low

4.6M NSE+BSE Volume

NSE 16 Oct, 2025 1:34 PM (IST)

145,903.9

Market Cap

Market Runner Up

1.1

Beta 1Year

High 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.

Bharat Petroleum Corporation Ltd.

12 Feb 2019

336.30

-0.47%

Bharat Petroleum Corporation Limited

Results Update: Bharat Petroleum Corporati...

SMC online

610 bps to 41.6%, other expenditure decreased 150 bps to 4.5%, staff cost fell 20 bps to 1.1% and purchase of stock in trade decreased 20 bps to 51.8%. Other income rose 36% to Rs 967.19 crore. Interest cost rose by 69% to Rs 336.9 crore. Depreciation rose 15% to Rs 778.14 crore. PBT was down 81% to Rs 589.51 crore. Effective...

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

11 Feb 2019

336.30

-0.47%

BPCL (3QFY19): Kochi needs to deliver. Maintain NEUTRAL

Neutral: Bharat Petroleum Corporati...

Recommendation Target

HDFC Securities

We maintain NEUTRAL. BPCLs 3QFY19 EBITDA came in at Rs 7.37bn, down 76.9% YoY and 69.5% QoQ, primarily due to Rs. 33.33bn of inventory losses, partially offset by Rs. 6.59bn of forex gains. Adjusting for inventory losses and forex gains, core EBITDA was Rs 34.11bn up 140% YoY and 78.2% QoQ. Operationally, it was a strong quarter with core GRM (excluding inventory losses of USD 3.27/bbl) at USD 6/bbl vs USD 5.73/bbl in 3QFY18.

Bharat Petroleum Cor.. has an average target of 356.60 from 5 brokers.

Bharat Petroleum Corporation Ltd.

11 Feb 2019

336.30

-0.47%

Bharat Petroleum Corp Q3FY19 Result Review

Buy: Bharat Petroleum Corporati...

Target

IDBI Capital

BPCL's Q3FY19 results were a beat to our estimates on all front on the back of better sales volume, forex gains and more than expected core GRM. While revenue was up 30.6% YoY to Rs791bn, EBITDA/PAT both declined by 76.9% YoY to Rs7.3bn/Rs4.9bn respectively mainly due to huge inventory losses. Crude throughput/sales volume grew marginally by 3%/2% YoY to 7.5mmt/11.5mmt. Reported GRM stood at US$2.8/bbl while core GRM came at US$6.0/bbl in Q3FY19 vs US$4.9/bbl in Q3FY18. We are raising our SOTP based target price to Rs395 from Rs348 earlier on the back of strong...

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

11 Feb 2019

336.30

-0.47%

Bharat Petroleum Corporation

Hold: Bharat Petroleum Corporati...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Petroleum Corporation (BPCL) reported Q3FY19 results that were below our estimates on the EBITDA front mainly on account of...

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

31 Oct 2018

336.30

-0.47%

Result Review of Bharat Petroleum Corp.

Buy: Bharat Petroleum Corporati...

Target

IDBI Capital

BPCL's Q2FY19 results were below our estimates due to lower sales volume coupled with lower inventory gains of Rs14.3 bn and higher forex losses of Rs9.3 bn. Revenue was up 35.6% YoY to Rs723 bn while EBITDA/PAT declined 31%/48% to Rs24/12.2 bn. Crude throughput grew by 8% while sales volume declined 2.8% YoY to 10.1mmt (-10.6% QoQ). Core GRM fell to US$3.3/bbl while reported GRM declined 30% YoY to US$5.6/bbl. We expect GRM expansion at Kochi to kick-in post ramp up of Propylene Unit to feed its upcoming Petchem facility from FY20. We are raising our exchange rate assumption to Rs70 from Rs68 for H2FY19 and FY20. We are cutting our TP to Rs333...

Bharat Petroleum Cor.. has an average target of 356.60 from 5 brokers.

Bharat Petroleum Corporation Ltd.

30 Oct 2018

336.30

-0.47%

BPCL (2QFY19): Forex losses dent profitability. Maintain BUY

Buy: Bharat Petroleum Corporati...

Target

HDFC Securities

Our SOTP target is Rs 323/share (5x Sep 20E EV/e for standalone refining, marketing, and pipeline business and Rs 124/sh from other investments). We maintain BUY. BPCLs 2QFY19 EBITDA came in at Rs 24.2bn, down 31.4% YoY and 37.6% QoQ, majorly due to forex losses and lower GRMs. The company made forex losses of Rs 9.3bn owing to depreciation of rupee (~4.6% QoQ and ~9% YoY). Core GRM was down 20% QoQ to USD 3.3/bbl owing to shutdown of Hydrocracker unit at their Mumbai refinery.

Bharat Petroleum Cor.. has an average target of 356.60 from 5 brokers.

Bharat Petroleum Corporation Ltd.

30 Oct 2018

336.30

-0.47%

Bharat Petroleum Corporation Ltd Q2FY19 results Comment

Results Update: Bharat Petroleum Corporati...

HDFC Securities

Bharat Petroleum Corporation Ltd Q2FY19 results Comment Revenue grew by 0.83% to Rs. 72291.82 Cr in Q2FY19 when compared to the previous quarter. Also, it rose by 35.55% when compared with Q2FY18.

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

30 Oct 2018

336.30

-0.47%

Bharat Petroleum Corporation

Hold: Bharat Petroleum Corporati...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Petroleum Corporation (BPCL) reported Q2FY19 results, which were below our estimates on the profitability front mainly on account...

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

29 Oct 2018

336.30

-0.47%

Adj. EBITDA below estimate; core GRM at USD3.3/bbl

Buy: Bharat Petroleum Corporati...

Target

Motilal Oswal

29 October 2018 BPCL reported EBITDA of INR33.5b in 2QFY19. However, excluding inventory gain of INR14.4b, core EBITDA stood at INR19.1b (-34% YoY, +1% QoQ), lower than our estimate of INR25.4b, primarily due to lower-than-expected core GRM and higher-than-expected opex. Forex loss stood at INR9.3b v/s INR588m in 2QFY18 and INR7.1b in 1QFY19. PAT declined 48% YoY (-47% sequentially. Refinery throughput stood at 7.6mmt (+9% YoY, -1% QoQ). (-8% QoQ) to 10.1mmt in 2QFY19. Implied marketing margin inclusive of inventory gain stood at INR4.

Bharat Petroleum Cor.. has an average target of 356.60 from 5 brokers.

Is Bharat Petroleum Corporation Ltd. worth buying?

1441 Votes:

Buy 77.65%

Sell 11.59%

Hold 10.76%

RESEARCH REPORTS

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Neutral SEE REPORTS >

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