Bharat Petroleum Corporation Ltd.
Energy · NSE
52-week range
₹267 – ₹392
From 52w high
-22.7%
RSI (14)
47.0
vs SMA 50 / 200
↓ 50 · ↓ 200
Bharat Petroleum Corporation Ltd. (BPCL) is a state-owned oil marketing and refining company trading at ₹302.75, below both its 50-DMA (₹314.11) and 200-DMA (₹330.67). The trailing PE of 5.26 is the lowest among its NSE Energy peers, while a debt-to-equity of 56.39 reflects a heavily leveraged balance sheet typical of large PSU refiners with significant working-capital borrowings. Five-year earnings growth of 88.8% and a dividend yield of 6.61% stand alongside a profit margin of just 5.5%, illustrating the margin-thin nature of the fuel retail and refining business.
- ✓Trailing PE of 5.26 is ranked 1st (lowest) among 6 Energy sector peers, which include COALINDIA (9.05), ONGC (9.24), GAIL (12.77), and RELIANCE (24.05).
- ✓Dividend yield of 6.61% offers a relatively high cash return in the context of a low-PE Energy sector stock.
- ✓Free cash flow was positive in 4 of the years tracked, indicating the business has periodically generated cash above its capital expenditure needs.
- ✓5-year earnings growth of 88.8% reflects significant profitability recovery over the measurement period, even if driven partly by cyclical fuel margin expansion.
- ✗Debt-to-equity of 56.39 is exceptionally high for a non-financial company; this leverage amplifies vulnerability to crude price spikes, interest rate changes, and government-mandated under-recoveries.
- ✗Profit margin of 5.5% leaves little buffer against input cost increases — a feature of the refining and fuel-marketing model that is structurally prone to compression when crude oil prices rise sharply.
- ✗The stock has declined 20.84% over the past 3 months and sits 22.7% below its 52-week high, trading below both the 50-DMA and 200-DMA simultaneously.
- ✗Quality score of 53 out of 100 places BPCL near the middle of the peer group, behind COALINDIA (77) on this composite measure; ROE data is unavailable, limiting a full quality assessment.
- ·In May 2026, OMC stocks including BPCL fell 7–9% in a single session following a crude oil price surge and a downgrade by UBS, highlighting how sensitive fuel-marketing margins are to international oil price movements.
- ·BPCL and Petrobras cleared an offshore exploration project in Brazil (April 2026), reflecting the company's ongoing international upstream diversification beyond domestic fuel retail.
- ·A premium petrol price hike led to a brief 4% rally for OMC stocks in early May 2026, illustrating how domestic pricing decisions by the government can be a short-term catalyst for the sector.
- ?Is the 88.8% five-year earnings growth driven by a structural improvement in refining margins and operational efficiency, or does it largely reflect a single year of unusually high fuel marketing margins that may not recur?
- ?How does BPCL's debt-to-equity of 56.39 compare on a net-debt basis after accounting for working capital cycle dynamics specific to PSU fuel retailers — and what does the debt-servicing coverage ratio look like at current EBITDA?
- ?To what extent is BPCL's dividend yield of 6.61% contingent on government ownership policy and payout mandates for PSUs, versus organic free cash flow generation?
- ?How has BPCL's refining utilisation rate and GRM (gross refining margin) trended over the past 4 quarters relative to its private-sector refining peers, and does the current PE reflect a structural discount or a temporary earnings peak?
PE
5.3
Forward PE
7.2
ROE
—
Profit margin
+5.5%
D/E
56.39
Dividend yield
+6.6%
Quality score
53/100
ROE 5y above 15%
3/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.