NSE: BPCL | BSE: 500547

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341.55 1.85 (0.54%)

Near 52W High of ₹358.65

6.0M NSE+BSE Volume

NSE 03 Oct, 2025 3:31 PM (IST)

148,181.7

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.

27 May 2021

341.55

0.54%

Q4FY21 Result Update - Positive growth outlook - BUY

Buy: Bharat Petroleum Corporati...

Target

Prabhudas Lilladhar

We tweak our FY22/23E estimates for BPCL, as we incorporate actual FY21 numbers and factor in NRL stake sale. In FY21 core standalone EBIDTA adjusted for inventory and forex gains was at Rs95.0bn (-27%YoY), due to weak marketing and refining profits. We believe that increased crude oil supplies from OPEC and Iran, post lifting of sanctions will likely keep crude oil prices range bound and support marketing margins in medium term. Also,...

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

Bharat Petroleum Corporation Ltd.

09 May 2021

341.55

0.54%

Pick of the Week - BPCL

Buy: Bharat Petroleum Corporati...

Target

Edelweiss

BPCL is a leading player in the Indian petroleum industry

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

Bharat Petroleum Corporation Ltd.

02 Mar 2021

341.55

0.54%

Event Update - NRL Stake Sale; A step closer to divestment - BUY

Bharat Petroleum Corporati...

Prabhudas Lilladhar

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

Bharat Petroleum Corporation Ltd.

15 Feb 2021

341.55

0.54%

BHARAT PETROLEUM CORPORATION LTD

Buy: Bharat Petroleum Corporati...

Target

Geojit BNP Paribas

Bharat Petroleum Corporation Ltd is one of India's leading oil & gas companies. It operates refineries located in Kochi, Mumbai, Bina and Numaligarh. The company's marketing infrastructure consists of...

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

Bharat Petroleum Corporation Ltd.

10 Feb 2021

341.55

0.54%

Bharat Petroleum Corp.: Q3FY21 Result Review

Accumulate: Bharat Petroleum Corporati...

Recommendation Target

IDBI Capital

BPCL's Q3FY21 EBITDA/PAT was a strong beat to our forecast led by stronger than expected product sales volume, lower than expected employee expenses and significantly higher other income. Reported GRM came at US$2.5/bbl owing to inventory gain of Rs5bn (US$1.24/bbl) while core GRM stood at US$1.23/bbl, in-line with our expectations. Domestic petroleum product sales volume improved 0.7% YoY to 11.1mmt. However, crude throughput declined 14% to 7.24mmt, below our estimates. Management indicated to close NRL divestment to a consortium of Oil India and Engineers India (Only bidder) by FY21. Further, it expects its marketing margin going forward to remain at the similar level of...

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

09 Feb 2021

341.55

0.54%

Q3FY21 Result Update - Asset quality issues under control - Upgrade to 'Accumulate'

Accumulate: Bharat Petroleum Corporati...

Prabhudas Lilladhar

Banks expects several streams of cash recoveries in Q4FY21 with the likes of DHFL and other 17 NCLT accounts PNB earnings were lower than estimates at Rs5.1bn (PLe: Rs8.5bn) as higher provisions offset slightly better NII and lower opex. Although, higher provisions on pro-forma NPAs have covered the risks, while on restructured as well bank has provided 10% on implemented accounts. A major positive...

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

Bharat Petroleum Corporation Ltd.

09 Feb 2021

341.55

0.54%

Q3FY21 Result Update - Operationally strong results - BUY

Buy: Bharat Petroleum Corporati...

Target

Prabhudas Lilladhar

We change our FY23E earnings estimates by 32% to incorporate inventory gains of Rs37.8bn in 9MFY21 and make minor changes; FY22/23 earnings are changed by 6%/4%. During Q3FY21, core standalone EBIDTA adjusted for inventory gains and forex gains was at Rs34.6bn (+178%QoQ) due to higher marketing earnings. We believe uncertain global demand and high inventory levels will likely keep crude oil prices range bound to support marketing...

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

Bharat Petroleum Corporation Ltd.

09 Feb 2021

341.55

0.54%

Better than estimated profitability; NRL sale by FY21-end

Neutral: Bharat Petroleum Corporati...

Target

Motilal Oswal

BPCL reported inventory gains of INR7.7b (v/s our expectation of INR18b), with marketing/refining gains at INR5b/INR2.7b. Reported EBITDA increased 54% YoY to INR43.1b. Adjusted EBITDA (for inventory gains) stood at INR35.3b v/s INR22.6b in 3QFY20. Other income was higher due to INR6.1b dividend received from the Numaligarh refinery (NRL). While other expenditure was lower, led by smaller savings in terms of operating expenditure; however, the company doesn't expect it to continue in future....