NSE: GULFOILLUB | BSE: 538567

Strong Performer, Getting Expensive

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1313.10 21.30 (1.65%)

44.14% Gain from 52W Low

108.9K NSE+BSE Volume

NSE 11 Sep, 2025 3:31 PM (IST)

6,476.2

Market Cap

Below industry Median

1.4

Beta 1Year

Very High Volatility

Dividend

Gulf Oil Lubricants India Ltd. has an upcoming dividend of ₹28.00 per share due on 19 Sep 2025 See details

Gulf Oil Lubricants India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GULFOILLUB, BSE:538567 Gulf Oil Lubricants India Ltd.

Gulf Oil Lubricants India Ltd.

21 Jun 2024

1313.10

1.65%

Shifting gears through ‘Unlock 2.0’; maintain BUY

Buy: Gulf Oil Lubricants India ...

Emkay

Gulf Oil Lubricants (GOLI) hosted its FY24 analyst meet, reiterating core (exAdBlue) volume CAGR at 2-3x of industry growth (Kline estimates the Indian
lubricant industry to clock 3% volume CAGR and 6% value CAGR over 2022-
32).

Gulf Oil Lubricants India Ltd. is trading above all available SMAs

Gulf Oil Lubricants India Ltd.

22 May 2024

1313.10

1.65%

Well-oiled – momentum continues to build

Buy: Gulf Oil Lubricants India ...

Recommendation Target

ICICI Securities Limited

Gulf Oil (GOLI) reported a stellar set of Q4 numbers with EBITDA/PAT growth of 31%/37% YoY, its second-best in the last eight quarters (barring the low base driven growth seen in Q1FY23)

Gulf Oil Lubricants India Ltd. is trading above all available SMAs

Gulf Oil Lubricants India Ltd.

10 May 2024, 12:00AM

1313.10

1.65%

Gulf Oil Lubricants India Ltd. - Powering a Bright Future

Buy: Gulf Oil Lubricants India ...

FundsIndia

Gulf Oil Lubricants India Ltd. is trading above all available SMAs

Gulf Oil Lubricants India Ltd.

09 Apr 2024

1313.10

1.65%

EV forays combined with a steady core

Buy: Gulf Oil Lubricants India ...

Target

Emkay

We reiterate our positive stance on GOLI, led by steady core volume growth
(7% core volume CAGR over FY24-26E, >2x of the industry growth), and a 13-
14% EBITDA margin profile supported by input cost management, strategic
pricing, and marketing efforts.

Number of FII/FPI investors increased from 171 to 181 in Jun 2025 qtr.

Gulf Oil Lubricants India Ltd.

09 Oct 2023

1313.10

1.65%

Chennai facility offers room for expansion ahead; retain BUY

Buy: Gulf Oil Lubricants India ...

Target

Emkay

We visited GOLI’s state-of-the-art Chennai facility, which can handle 50/18mn- ltr p.a. of core lubricant/AdBlue volumes (~35% of GOLI’s core lubes installed capacity), assuming double shifts. GOLI has deployed automatic batch blending technology from ABB, France to optimize lead time in operations.

Number of FII/FPI investors increased from 171 to 181 in Jun 2025 qtr.

Gulf Oil Lubricants India Ltd.

01 May 2023

1313.10

1.65%

GULF OIL LUBRICANTS INDIA LTD.

Buy: Gulf Oil Lubricants India ...

Ventura

Lubricating a healthy growth trajectory

Gulf Oil Lubricants India Ltd. is trading above all available SMAs

Gulf Oil Lubricants India Ltd.

11 Nov 2022, 12:00AM

1313.10

1.65%

Gulf Oil Lubricants India

Hold: Gulf Oil Lubricants India ...

ICICI Direct

Gulf Oil Lubricants .. has an average target of 1622.33 from 3 brokers.

Gulf Oil Lubricants India Ltd.

16 Feb 2022

1313.10

1.65%

Gulf Oil Lubricants India

Hold: Gulf Oil Lubricants India ...

Target

ICICI Securities Limited

Alternate Stock Idea: Besides Gulf Oil, in our oil & gas coverage we also like IGL. Indraprastha Gas (IGL) is one of India's leading CGD companies, which primarily operates in NCT of Delhi and will benefit from stricter environmental regulations in Delhi. Continued capex, newer areas and CNG...

Number of FII/FPI investors increased from 171 to 181 in Jun 2025 qtr.

Gulf Oil Lubricants India Ltd.

10 Feb 2021, 12:00AM

1313.10

1.65%

Gulf Oil Lubricants India

Hold: Gulf Oil Lubricants India ...

Target

ICICI Securities Limited

Gulf Oil's raw materials cost (base oil prices) is highly dependent on the movement of crude oil prices. While the rupee has weakened, crude oil prices have fallen sharply compared to Q3CY20, which led to a drop in base oil costs YoY. However, realisation was down | 2/litre to | 146/litre. As a result, gross margins registered a fall of | 4.4/litre YoY to | 70.1/litre. Subsequently, EBITDA was down 7.1% YoY to | 25.3/litre. GOL has hiked prices across segments on account of increase in crude oil prices over past few months. The competition has also increased prices which gives visibility...

Gulf Oil Lubricants .. has an average target of 1622.33 from 3 brokers.

Gulf Oil Lubricants India Ltd.

13 Feb 2020

1313.10

1.65%

Gulf Oil Lubricants (3QFY20): Volumes disappoint. Maintain BUY

Buy: Gulf Oil Lubricants India ...

Target

HDFC Securities

We reiterate BUY and expect Gulf Oil to outperform industry leader Castrol. However, we believe that the co's performance is now impacted by the slowing industry scenario and moderating growth rates (volumes have declined over Jun-Dec19). We trim down our earnings by ~6% over FY20-22E and reduce our target multiple to 20x (vs. 22x earlier) to factor in the above. Also, the recovery in factory fill volumes is likely to be delayed. Key risk: Faster than expected adoption of EVs. Gulf Oils 3QFY20 adj. volumes declined 2% YoY amidst the downturn in the auto industry. However, EBITDA margin surprised at 18.4% (+260bps YoY) owing to stable input costs. Maintain BUY with a revised TP of Rs 995 based on Dec-21 EPS.

Gulf Oil Lubricants India Ltd. is trading above all available SMAs

Is Gulf Oil Lubricants India Ltd. worth buying?

152 Votes:

Buy 78.29%

Sell 9.87%

Hold 11.84%

RESEARCH REPORTS

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