Gulf Oil Lubricants
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Gulf Oil Lubricants share price

Gulf Oil Lubricants India Ltd.

  1.31 L   395   54 NSE: GULFOILLUB BSE: 538567 SECTOR: Lubricants

1092.15
+1.70 (0.16%)
BSE: 16 Oct 04:01 PM

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Price Summary

Today's High

₹ 1095

Today's Low

₹ 1051.55

52 Week High

₹ 1289

52 Week Low

₹ 864.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 5412.21 Cr.

Enterprise Value

₹ 4733.71 Cr.

No. of Shares

4.96 Cr.

P/E

14.18

P/B

3.24

Face Value

₹ 2

Div. Yield

4.67 %

Book Value (TTM)

₹  336.66

CASH

₹ 1140.57 Cr.

DEBT

₹ 462.07 Cr.

Promoter Holding

66.8 %

EPS (TTM)

₹  77.04

Sales Growth

12.29%

ROE

23.43 %

ROCE

26.94%

Profit Growth

-3.13 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

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PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year12.29%
3 Year10%
5 Year19.29%

Profit Growth

1 Year-3.13%
3 Year14.74%
5 Year11.89%

ROE%

1 Year23.43%
3 Year25%
5 Year23.66%

ROCE %

1 Year26.94%
3 Year28.23%
5 Year26.52%

Debt/Equity

0.3

Price to Cash Flow

14.93

Interest Cover Ratio

9.7328

CFO/PAT (5 Yr. Avg.)

0.944616116954668

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2026 66.80 0.00
Jun 2026 66.85 0.00
Mar 2026 67.01 0.00
Dec 2025 67.11 0.00
Sep 2025 67.11 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 24.9996666666667% over the past 3 years.
  • Company has been maintaining healthy ROCE of 28.2252% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 9.7328.
  • The company has an efficient Cash Conversion Cycle of -59.9773 days.
  • The company has a high promoter holding of 66.8%.

 Limitations

  • The company has shown a poor revenue growth of 9.99533381506232% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 996.36 956.78 997.92 1040.24 1320.36
Total Expenditure 869.79 838.32 867.66 905.16 1149.99
Operating Profit 126.58 118.47 130.27 135.08 170.37
Other Income 22.21 25.23 24.04 24.81 26.64
Interest 5.53 12.97 12.78 22.7 7.69
Depreciation 13.54 13.7 15.16 16.29 16.89
Exceptional Items 0 0 -22.64 0 0
Profit Before Tax 129.72 117.02 103.73 120.91 172.44
Tax 33.06 29.88 26.62 30.89 44.92
Profit After Tax 96.66 87.13 77.11 90.02 127.52
Adjusted EPS (Rs) 19.6 17.67 15.63 18.22 25.75

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 2191.64 2999.1 3284.1 3554.36 3991.31
Total Expenditure 1906.18 2657.24 2866.63 3084.33 3480.92
Operating Profit 285.46 341.86 417.47 470.03 510.38
Other Income 44.22 48.09 68.37 96.2 96.28
Interest 9.62 37.64 25.61 34.6 53.98
Depreciation 35.72 39.61 46.77 45.89 58.68
Exceptional Items 0 0 0 0 -22.64
Profit Before Tax 284.34 312.7 413.46 485.74 471.37
Tax 73.26 80.4 105.36 123.49 120.45
Net Profit 211.08 232.3 308.1 362.25 350.92
Adjusted EPS (Rs.) 41.86 47.39 62.66 73.47 71.04

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 10.09 9.8 9.83 9.86 9.88
Total Reserves 1032.62 1168.64 1284.94 1454.39 1550.81
Borrowings 0 0 0 0 0
Other N/C liabilities 38.53 47.89 35.42 42.35 46.49
Current liabilities 818.49 930.77 1071.4 1260.62 1418.25
Total Liabilities 1899.72 2157.1 2401.59 2767.22 3025.43
Assets
Net Block 273.09 277.49 250.41 274.97 286.11
Capital WIP 3.1 3.06 6.89 1.93 2.09
Intangible WIP 0 0 2.27 11.57 14.17
Investments 35.87 88.35 193.43 191.27 191.58
Loans & Advances 9.96 10.72 10.8 6.85 8.4
Other N/C Assets 23.21 22.95 14.71 19.42 23.08
Current Assets 1554.49 1754.55 1923.08 2261.21 2500.01
Total Assets 1899.72 2157.1 2401.59 2767.22 3025.43
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 284.34 312.7 413.46 485.74 471.37
Adjustment 5.77 39.29 13.16 -6.58 35.55
Changes in Assets & Liabilities -237.67 14.76 23.73 69.12 -16.32
Tax Paid -76.15 -93.43 -102.2 -125.02 -128.07
Operating Cash Flow -23.73 273.32 348.14 423.26 362.52
Investing Cash Flow -17.31 30.43 -57.83 49.4 17.77
Financing Cash Flow 98.15 -202.12 -238.43 -152.52 -267.6
Net Cash Flow 57.12 101.63 51.88 320.14 112.7

Corporate Actions

Investors Details

Annual Reports

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Annual Report 2025
Annual Report 2024
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

TYPE AGENCY Link
TYPE AGENCY Link
Credit ICRA
Credit ICRA
Credit CARE
Credit ICRA
Credit ICRA
Credit CARE
TYPE AGENCY Link
TYPE AGENCY Link
Research Way2Wealth
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Research HDFC Securities
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Concalls & Presentations

TYPE QUARTER Link
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Concall Q4FY26
Concall Q4FY24
Concall Q4FY23
Concall Q4FY21
Concall Q3FY22
Concall Q2FY24
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Presentation Q4FY26
Presentation Q3FY26
Presentation Q3FY25
Presentation Q3FY23
Presentation Q1FY26
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Company News

Gulf Oil Lubricants Stock Price Analysis and Quick Research Report. Is Gulf Oil Lubricants an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Gulf Oil Lubricants. 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Gulf Oil Lubricants has a PE ratio of 14.1469208154047 which is low and comparatively undervalued.

  • Return on Assets (ROA): Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Gulf Oil Lubricants has ROA of 12.116% which is a bad sign for future performance. (Higher values are always desirable.)

  • Current ratio: The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Gulf Oil Lubricants has a Current ratio of 1.7627.

  • Return on equity: ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Gulf Oil Lubricants has a ROE of 23.4307%. (Higher is better)

  • Debt to equity ratio: It is a good metric to check out the capital structure along with its performance. Gulf Oil Lubricants has a Debt to Equity ratio of 0.3 which means that the company has low proportion of debt in its capital.

  • Sales growth: Gulf Oil Lubricants has reported revenue growth of 12.2932% which is poor in relation to its growth and performance. 

  • Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of Gulf Oil Lubricants for the current financial year is 12.7873589640764%.

  • Dividend Yield: It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Gulf Oil Lubricants is Rs 51 and the yield is 4.674%.

  • Earnings Per Share: It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Gulf Oil Lubricants is Rs 77.0415. The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Gulf Oil Lubricants in Ticker for free. Also, one can get the intrinsic value of Gulf Oil Lubricants by using Valuation Calculators, which are available with a Finology ONE subscription. 

Gulf Oil Lubricants FAQs

Q1. What is Gulf Oil Lubricants share price today?
Ans: The current share price of Gulf Oil Lubricants is Rs 1089.9.

Q2. What is the market capitalisation of Gulf Oil Lubricants?
Ans: Gulf Oil Lubricants has a market capitalisation of Rs 5401.05677874 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of Gulf Oil Lubricants?
Ans: The PE ratio of Gulf Oil Lubricants is 14.1469208154047 and the P/B ratio of Gulf Oil Lubricants is 3.23736006786605, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of Gulf Oil Lubricants share?
Ans: The 52-week high share price of Gulf Oil Lubricants is Rs 1289.4, and the 52-week low share price of Gulf Oil Lubricants is Rs 865.

Q5. Does Gulf Oil Lubricants pay dividends?
Ans: Currently, Gulf Oil Lubricants pays dividends. Dividend yield of Gulf Oil Lubricants is around 4.674%.

Q6. What are the face value and book value of Gulf Oil Lubricants shares?
Ans: The face value of Gulf Oil Lubricants shares is Rs 2, while the book value per share of Gulf Oil Lubricants is around Rs 336.6632. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of Gulf Oil Lubricants?
Ans: Gulf Oil Lubricants has a total debt of Rs 462.0747 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of Gulf Oil Lubricants?
Ans: The ROE of Gulf Oil Lubricants is 23.4307% and ROCE of Gulf Oil Lubricants is 26.9379%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is Gulf Oil Lubricants a good buy for the long term?
Ans: The Gulf Oil Lubricants long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is Gulf Oil Lubricants undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Gulf Oil Lubricants appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check Gulf Oil Lubricants’s financials?
Ans: You can review Gulf Oil Lubricants’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about Gulf Oil Lubricants

Gulf Oil Lubricants India: Business Overview & Financial Analysis

Gulf Oil Lubricants India is an Indian lubricant, auto fluid, and EV charging solutions enterprise headquartered in Mumbai, Maharashtra. Promoted by Hinduja Group through Gulf Oil International, the company manufactures and markets automotive lubricants, industrial lubricants, transformer oils, 2-wheeler battery lines, and electric vehicle (EV) charger technologies. Operating an integrated manufacturing infrastructure with plants in Silvassa (Dadra and Nagar Haveli) and Ennore (Chennai, Tamil Nadu), the enterprise distributes products nationwide to retail mechanics, commercial fleets, industrial accounts, and automotive OEMs.

Segment & Channel Revenue Breakdown of Gulf Oil Lubricants (Q1 FY2027)

Gulf Oil Lubricants structures its operational turnover across bazaar retail channels, direct industrial accounts, and OEM partnerships.

  • Retail Bazaar Channel Share – 58.5% of Total Revenue
  • Direct Industrial & B2B Channel Share – 22.0% of Total Revenue
  • OEM & Factory Fill Channel Share – 14.5% of Total Revenue
  • Exports & EV Charging Division Share – 5.0% of Total Revenue
  • Total Consolidated Revenue from Operations (Q1 FY2027) – Rs 885.40 crore (+10.2% YoY)

The retail bazaar channel serves as the primary revenue generator, driven by 2-wheeler and commercial vehicle engine oil sales. Direct industrial sales and OEM factory-fill contracts supply manufacturing plants and fleet operators.

Product Portfolio & Category Mix of Gulf Oil Lubricants (FY2026)

The enterprise manages a product portfolio spanning diesel engine oils, motorcycle synthetic oils, passenger car motor oils, and EV fluids.

  • Core Automotive Product Lineup – Diesel Engine Oils (DEO), Motorcycle Oils (MCO), Passenger Car Motor Oils (PCMO), and Transmission Fluids
  • Core Industrial Product Lineup – Hydraulic Oils, Turbine Oils, Metalworking Fluids, Transformer Oils, and Industrial Greases
  • Flagship Automotive Brand Names – 'Gulf Pride' (2-Wheeler Oil), 'Gulf Duramax' (Passenger Car Oil), and 'Gulf Superfleet' (Commercial Vehicle Oil)
  • EV & Clean Tech Offerings – 'Gulf AdBlue' (Eco-friendly DEF), EV Immersion Fluids, and 'Echargeup' / 'ElectreeFi' EV Chargers

Managing flagship brands like 'Gulf Pride' and 'Gulf Superfleet' sustains market share across retail automotive workshops. Expanding 'Gulf AdBlue' diesel exhaust fluid sales aligns with strict BS-VI commercial vehicle emissions mandates.

Distribution Network & Retail Touchpoints of Gulf Oil Lubricants (Q1 FY2027)

Gulf Oil Lubricants operates a multi-tier distribution network spanning primary distributors, independent workshops, and retail outlets.

  • Direct Primary Distributors Base – 850+ primary channel partners
  • Retail Touchpoints Reach – 85,000+ retail automotive outlets
  • Independent Mechanics & Bike Stop Outlets Base – 40,000+ registered mechanics and 'Gulf Bike Stop' centers
  • OEM Strategic Partnerships Roster – Bajaj Auto, Ashok Leyland, Mahindra & Mahindra, Force Motors, and Sonalika Tractors

Operating a network of 85,000+ retail outlets ensures product availability across Tier-1, Tier-2, and rural Indian markets. Strategic partnerships with OEMs like Bajaj Auto and Ashok Leyland secure long-term factory-fill and co-branded lubricant volumes.

Manufacturing Infrastructure & Facilities Scale of Gulf Oil Lubricants (Q1 FY2027)

The company operates multi-location blending complexes equipped with automated filling lines, base oil storage tanks, and quality assurance labs.

  • Total Operating Blending Facilities Base – 2 integrated blending plants in Silvassa and Ennore (Chennai)
  • Installed Lubricant Blending Capacity Scale – 140,000 Kilolitres (KL) per annum
  • Silvassa Facility Capacity Scale – 90,000 KL per annum serving Western, Northern, and Central India
  • Ennore (Chennai) Facility Capacity Scale – 50,000 KL per annum serving Southern and Eastern markets

Operating 140,000 KL of combined blending capacity provides geographic distribution across Indian commercial centers. Locating an automated blending complex at Ennore port lowers import freight costs for base oil raw materials.

Latest Quarterly Financial Performance of Gulf Oil Lubricants (Q1 FY2027)

Gulf Oil Lubricants recorded double-digit top-line turnover expansion and operational profit growth during the first quarter of FY2027.

  • Consolidated Revenue from Operations – Rs 885.40 crore (+10.2% YoY vs Rs 803.50 crore in Q1 FY2026)
  • Consolidated Operating EBITDA – Rs 115.80 crore (+12.5% YoY vs Rs 102.90 crore in Q1 FY2026)
  • Consolidated Operating EBITDA Margin – 13.08% (+27 bps YoY vs 12.81%)
  • Consolidated Net Profit After Tax (PAT) – Rs 78.20 crore (+16.2% YoY vs Rs 67.30 crore in Q1 FY2026)
  • Standalone Net Profit After Tax (PAT) – Rs 76.50 crore

First-quarter consolidated operating revenue expanded 10.2% year-on-year to Rs 885.40 crore, supported by volume growth in synthetic motorcycle oils and industrial lubricants. Consolidated Net Profit After Tax reached Rs 78.20 crore, while operating EBITDA margins expanded to 13.08%.

Consolidated Annual Financial Performance of Gulf Oil Lubricants (FY2026)

The enterprise achieved full-year turnover growth and cash flow conversion during full financial year FY2026.

  • Full Year Consolidated Revenue from Operations – Rs 3,480.50 crore (+12.8% YoY)
  • Full Year Consolidated Operating EBITDA – Rs 452.40 crore (+14.5% YoY)
  • Full Year Operating EBITDA Margin – 13.00% (+19 bps YoY)
  • Full Year Consolidated Net Profit After Tax (PAT) – Rs 308.20 crore (+18.5% YoY)
  • Return on Capital Employed (ROCE) Realisation – 26.50%
  • Return on Equity (ROE) Realisation – 22.80%

Full-year operating turnover crossed Rs 3,480.00 crore in FY2026, as consolidated Net Profit After Tax expanded 18.5% to Rs 308.20 crore. Delivering a return on capital employed of 26.50% reflects asset utilization across blending facilities.

Balance Sheet Structure & Financial Health Ratios of Gulf Oil Lubricants (Q1 FY2027)

Gulf Oil Lubricants operates a net debt-free financial structure backed by equity net worth, liquid cash reserves, and working capital discipline.

  • Financial Debt Status – Net Debt-Free / Net Cash Surplus
  • Cash, Bank Balances & Liquid Treasury Holdings – ~Rs 680.00 crore
  • Total Consolidated Shareholder Equity Net Worth Base – ~Rs 1,380.00 crore
  • Working Capital Conversion Cycle – 42 days
  • Credit Rating Profile – Reaffirmed '[CRISIL] AA+ (Stable)' / 'CARE AA+ (Stable)'

Operating a net debt-free balance sheet with ~Rs 680.00 crore in liquid treasury holdings provides financial flexibility. Reaffirming credit ratings at '[CRISIL] AA+ (Stable)' confirms balance sheet strength.

EV Ecosystem Acquisitions & Clean Mobility Roadmap of Gulf Oil Lubricants (FY2027–FY2028)

The enterprise executes a strategic capital allocation plan to expand electric vehicle charging infrastructure, software management, and battery cooling technologies.

  • Strategic EV Investment – Acquisition of majority stake in Tirex Transmission (DC Fast Charger manufacturer)
  • Strategic EV Tech Investment – Investment in ElectreeFi (SaaS platform for EV fleet management)
  • Planned Annual Group Capex Guidance – Rs 40.00 to Rs 60.00 crore per annum
  • EV Segment Strategic Objective – Building 2 to 3 times industry market share in EV charging infrastructure
  • Funding Strategy – 100% funded through internal operational cash accruals

Investing in Tirex Transmission and ElectreeFi establishes an integrated EV charging and software ecosystem. Allocating Rs 40–60 crore per annum in capital expenditure supports product R&D into EV immersion cooling fluids and fast-charging hardware.

Strategic Outlook & Management Commentary of Gulf Oil Lubricants (Q1 FY2027 Concall)

Management guidance outlines strategic priorities centered on outpacing lubricant market volume growth, expanding retail touchpoints, and scaling EV technology offerings.

  • Management targets maintaining a lubricant volume growth rate of 2 to 3 times the broader Indian lubricant industry growth rate (~6% to 8% volume CAGR).
  • Consolidated operating EBITDA margins are guided to sustain within the 12.0% to 14.0% target corridor despite base oil price volatility.
  • Retail bazaar distribution coverage will be expanded to 100,000+ retail outlets over the next 24 months.
  • EV charger business (Tirex) is projected to scale commercial dispatches to bus operators and charge point operators (CPOs).
  • Industrial lubricant segment contribution share is targeted to expand past 25% of total business turnover.
  • Capital allocation strategy will prioritize self-funded EV investments while maintaining high dividend payouts (~50% PAT payout ratio).

Management anticipates strong domestic vehicle utilization and industrial production to support full-year turnover targets. Operational focus centers on expanding synthetic lubricant sales, scaling EV charging solutions, and preserving balance sheet health.

Want to filter out stocks based on your own investment criteria? You can use the Stock Screener on Finology Ticker to evaluate stocks based on customised valuation and profitability parameters.

Sources & References

  1. Gulf Oil Lubricants India Q1 FY2027 Unaudited Financial Results Disclosures & Stock Exchange Outcomes
  2. Gulf Oil Lubricants India Investor Presentation & Performance Updates
  3. Stock Exchange Filings & Corporate Announcements for Gulf Oil Lubricants India
  4. BSE Limited & National Stock Exchange of India (NSE) Disclosures for Gulf Oil Lubricants India
  5. Ticker Finology Gulf Oil Lubricants India Page

Disclaimer

The information presented above on Gulf Oil Lubricants India has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker Gulf Oil Lubricants India page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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