NSE: GULFOILLUB | BSE: 538567

Strong Performer

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1262.50 10.10 (0.81%)

38.58% Gain from 52W Low

25,583 NSE+BSE Volume

NSE 08 Sep, 2025 11:07 AM (IST)

6,226.6

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.

31 Jul 2019

1262.50

0.81%

Gulf Oil Lubricants India

Hold: Gulf Oil Lubricants India ...

Target

ICICI Securities Limited

Gulf Oil Lubricants reported Q1FY20 results largely in line with our estimates although volume growth was marginally below estimates of 10% and were at 7.5% YoY (core volume growth of 10% in line with estimate). Revenues increased 12.9% to | 440.7 crore, in line with our estimate of | 449.3 crore. EBITDA per litre was at ~| 26.3 per litre (Q1FY19: | 23.5 per litre), above our estimate of | 24.5 per litre on account of a better sales mix. Subsequently, EBITDA during the quarter increased 20.6% YoY to | 77.9 crore, above our...

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

Gulf Oil Lubricants India Ltd.

10 Jul 2019

1262.50

0.81%

Gulf Oil Lubricants (Update): Consistent and solid. Maintain BUY

Buy: Gulf Oil Lubricants India ...

Target

HDFC Securities

Over FY15-19, Gulf's volume/ revenue/EBITDA/PAT has grown by 17/19/21/20% vs. market leader Castrol's 3/6/4/4%. Gulf's superior growth is led by increase in capacity (75 to 90mn KL p.a. in FY16 and 150mn KL in FY19), expansion in distribution reach by ~15% p.a. (~70k retailers vs. 150k for Castrol), and improving product and customer (B2C) mix. We reiterate our Buy, as Gulf's growth story is solid led by a focused management. We expect market-share gains to be driven by an expanding distribution network. Short-term weakness, if any should be an add-on opportunity. Our recent meeting with the management of Gulf Oil reinforces our view about the companys industry leading volume growth and superior execution. We expect Gulf to continue to deliver 3-4x industry volume growth and gain market share. Reiterate BUY; TP of Rs 1,052 @ 22x FY21E EPS.

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

Gulf Oil Lubricants India Ltd.

17 May 2019

1262.50

0.81%

Gulf Oil Lubric

Buy: Gulf Oil Lubricants India ...

Target

Dolat Capital

Volume traction strong, margin to bounce back. Maintain BUY. GOLIL's revenue and profitability were in line with our estimates. Volume in Q4FY19 grew 10% YoY. While economic factors were slowing down and there was a slowdown in auto sales, GOLIL outperformed the industry by 4-5x in Q4FY19. Sales came from personal mobility, industrial and infrastructure segment. DEO segment had a slowdown. Core sales growth for FY19 was 18% YoY, which came from new customers and new segments. GOLIL has taken adequate price hikes of 2-3% each in December,...

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

Gulf Oil Lubricants India Ltd.

17 May 2019

1262.50

0.81%

Gulf Oil Lubricants India

Hold: Gulf Oil Lubricants India ...

Target

ICICI Securities Limited

Gulf Oil Lubricant's Q4FY19 numbers were below our estimates on account of a slowdown in volume growth due to weak auto sales numbers. Volume growth in Q4FY19 was at 10% YoY, below our estimate of 14% YoY. Hence, revenue growth was below our estimate of | 448.2 crore and grew 16.8% YoY to | 436.2 crore. EBITDA per litre was at | 24.9 per litre (Q3FY19: | 24 per litre) below our estimate of | 27.5 per litre on account of higher-thanexpected operational expenses and negative operating leverage. Subsequently, EBITDA during the quarter increased 18% YoY to | 74.2 crore, below our estimate of | 85.1 crore. PAT increased 15% YoY at | 47.6...

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

Gulf Oil Lubricants India Ltd.

18 Feb 2019

1262.50

0.81%

Gulf Oil Lubricants India

Hold: Gulf Oil Lubricants India ...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Gulf Oil Lubricant's Q3FY19 numbers were above our estimates driven by higher-than-expected YoY volume growth. Revenues...

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

Gulf Oil Lubricants India Ltd.

14 Feb 2019

1262.50

0.81%

Gulf Oil Lubricants (3QFY19): Steadily gaining share. Maintain BUY

Buy: Gulf Oil Lubricants India ...

Target

HDFC Securities

We have revised our FY20/21E earnings to factor in Gulf's healthy volume trajectory. Maintain BUY with revised TP of Rs 1,037 @ 22x Dec-20E EPS. Gulf Oil Lubricants (GOL) registered healthy volume growth of 20% YoY (34% including a one-off institutional order). Revenue/EBITDA/PAT grew by ~30/18/17% YoY to Rs 4.6/0.7/0.5bn. Gross/EBITDA margins were down by ~500/150bps to 43.3/15.8% on account of low-margin institutional order. Adjusted for this order revenue/EBITDA growth would be ~21/18% with ~30bps margin decline YoY.

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

Gulf Oil Lubricants India Ltd.

01 Jan 2019

1262.50

0.81%

Gulf Oil Lubric

Buy: Gulf Oil Lubricants India ...

Dolat Capital

We hosted the GOLIL management team Mr Ravi Chawla (MD) and Mr Manish Gangwal (CFO) in Mumbai for investor interaction. Our interaction has reinforced our belief in the management team. According to the management, lubricant business will continue to be driven by distribution,...

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

Gulf Oil Lubricants India Ltd.

18 Dec 2018

1262.50

0.81%

Gulf Oil Lubric

Buy: Gulf Oil Lubricants India ...

Target

Dolat Capital

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

Gulf Oil Lubricants India Ltd.

03 Dec 2018

1262.50

0.81%

We initiate coverage on Gulf Oil Lubricants India (GOLI), with a Buy rating and a target...

Buy: Gulf Oil Lubricants India ...

Emkay

We initiate coverage on Gulf Oil Lubricants India (GOLI), with a Buy rating and a target price of Rs1,150 (over 50% upside). We value GOLI at 22x FY21E EPS on the back of 18% EPS CAGR and 30%+ ROE during FY18-21. GOLI recorded a robust 3-year volume CAGR of 12% despite major economy-wide disruptions such as the demonetization and GST. In 1HFY19, core growth accelerated...

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

Gulf Oil Lubricants India Ltd.

13 Nov 2018

1262.50

0.81%

Gulf Oil Lubricants (2QFY19): Healthy show. Maintain BUY

Buy: Gulf Oil Lubricants India ...

Target

HDFC Securities

Maintain BUY with revised TP of Rs 946 @ 22x Sep-20E EPS Gulf Oil Lubricants (Gulf Oil) 2QFY19 was healthy on operational front. This was led by robust volume growth of 22% (30% including one-off low-margin orders from govt. agencies). Revenue grew by 29%, EBITDA 15% and APAT 13%. RPAT was flat as included Rs 80mn forex loss impact in interest costs.

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

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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Buy SEE REPORTS >

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