BPCL

---

---

BPCL Business Overview

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.

BPCL Key Highlights

➢BPCL is India’s 5th largest company by turnover in 2023 with revenue of INR 5.3 Lakh Cr and has 3 refineries with a total refining capacity of 33.5 MMT.

➢BPCL is India’s 2nd largest Oil Marketing Company with a domestic sales volume of ~51 MMT and a market share of 25.37% during FY24, It has 21,840 Retail Outlets, 6,252 LPG Distributors, and 2,034 CNG outlets.

➢ BPCL Plans to expand its refining capacity to 45 MMTPA with the expansion of the Mumbai and Kochi refineries, expansion of the Bina refinery by 3.2 MMTPA underway.

➢ BPCL has Gross refining margin (14 $/barrel) highest in the industry.

 ➢BPCL focuses heavily on its R&D, it has filed 150 Patents, with 82 patents granted.

BPCL Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	346,791	473,187	448,083
Expense	327,654	462,288	404,001
OPM (%)	6%	2%	10%
Net income	11,682	2,131	26,859
EPS	26.93	4.91	61.91

---

BPCL Financial Ratios

ROCE	PE Ratio	ROE	PEG Ratio
32.1 %	7.71	41.9 %	0.27
Book Value	ROA	Debt to equity
₹ 174	13.9 %	0.72

---

BPCL Peer comparison

	PE ratio	ROCE %	OPM %
BPCL	7.71	32.09	7.52
Reliance Industries	28.81	9.61	17.61
IOCL	8.05	21.14	8.01
HPCL	9.03	21.26	3.99
MRPL	12.64	25.75	6.74
CPCL	5.35	35.44	6.09

---