BHARAT PETROLEUM CORP LTNSE: BPCLBSE: 500547Oil Gas & Consumable Fuels · Refineries & Marketing

₹304.501.50 (0.50%)

Mkt Cap: ₹1.32 L Cr.
P/E (TTM): 7.71
Open: ₹299.40
Day's Range: ₹296.00 – ₹306.45
52W Range: ₹266.60 – ₹391.65
Div Yield: 5.75%
Book Value: ₹230.89

BHARAT PETROLEUM CORP LT Financial Statements

Name: BHARAT PETROLEUM CORP LT Financials — historical data
Creator: StockeZee

For Mar 2026, BHARAT PETROLEUM CORP LT reported revenue of ₹5,22,820 crore and net profit of ₹25,843 crore. Return on equity stands at 24.47%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 14 Sept 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹5,22,820 Cr
EBITDA: ₹41,202 Cr
Operating margin: 7.88%
Profit after tax: ₹25,843 Cr
Net margin: 4.94%
EPS: ₹59.57
Latest year: Mar 2026
Years reported: 9

BHARAT PETROLEUM CORP LT revenue and profit trend

The quickest view of reported annual business performance. Revenue and profit use separate scales.

BHARAT PETROLEUM CORP LT profit & loss

Reported annual performance for BHARAT PETROLEUM CORP LT, oldest to newest. Figures in ₹ crore unless a row states otherwise.

BHARAT PETROLEUM CORP LT annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	2,79,313	3,40,879	3,29,797	3,04,266	4,32,570	5,33,547	5,06,993	5,00,517	5,22,820
Sales Growth YoY %	—	22.04%	-3.25%	-7.74%	42.17%	23.34%	-4.98%	-1.28%	4.46%
Other Income	1,783	2,038	1,929	2,253	2,269	1,498	2,235	2,685	3,299
Total Income	2,81,095	3,42,917	3,31,726	3,06,519	4,34,838	5,35,046	5,09,227	5,03,202	5,26,119
Cost of Goods Sold (COGS)	2,02,112	2,61,142	2,52,592	1,87,399	3,03,401	4,33,212	3,76,096	3,85,297	3,79,186
Cost of Materials Consumed	90,111	1,30,693	1,21,896	78,778	1,63,541	2,34,305	2,12,853	2,25,319	2,13,622
Purchases of Stock-in-Trade	1,11,798	1,32,055	1,31,769	1,12,364	1,43,902	1,99,884	1,65,233	1,59,646	1,66,445
Changes in Inventories	203	-1,606	-1,073	-3,744	-4,042	-977	-1,990	331	-881
Gross Profit	77,201	79,737	77,205	1,16,868	1,29,168	1,00,335	1,30,896	1,15,221	1,43,635
Gross Margin %	27.64%	23.39%	23.41%	38.41%	29.86%	18.81%	25.82%	23.02%	27.47%
Total Operating Expenses	62,028	64,624	68,856	95,571	1,10,031	89,447	86,814	89,819	1,02,432
Employee Benefit Expense	3,749	3,985	4,021	4,856	3,408	2,775	3,577	3,510	3,774
Other Expenses	58,280	60,640	64,836	90,715	1,06,623	86,672	83,237	86,310	98,658
EBITDA	15,173	15,112	8,349	21,296	19,137	10,888	44,082	25,401	41,202
OPM %	5.43%	4.43%	2.53%	7%	4.42%	2.04%	8.69%	5.08%	7.88%
Total Non-Operating Expenses	4,071	5,182	5,407	11,323	9,175	8,471	10,652	10,470	10,399
Depreciation & Amortisation	2,885	3,418	4,080	4,334	5,434	6,369	6,771	7,257	7,856
Finance Costs	1,186	1,764	2,637	1,723	2,606	3,745	4,149	3,591	2,953
Exceptional Items (Before Tax)	0	0	-1,310	5,266	1,135	-1,643	-268	-378	-411
Profit Before Tax (PBT)	12,885	11,968	2,251	22,758	14,501	629	35,129	16,860	33,280
Tax Expense	4,382	4,378	-14	5,112	4,355	690	9,336	4,846	8,948
Current Tax	2,929	3,010	0	5,030	3,664	353	9,420	4,471	9,228
Deferred Tax	1,452	1,368	-14	82	691	337	-84	375	-281
Effective Tax %	34.01%	36.58%	-0.63%	22.46%	30.03%	109.67%	26.58%	28.74%	26.89%
Total Profit for Period	9,792	8,528	3,666	17,320	11,682	2,131	26,859	13,337	25,843
Less: Non-controlling Interests	783	726	610	1,155	0	0	0	0	0
Net Profit (Owner's PAT)	9,009	7,802	3,055	16,165	11,682	2,131	26,859	13,337	25,843
Net Profit Margin %	3.23%	2.29%	0.93%	5.31%	2.7%	0.4%	5.3%	2.66%	4.94%
PAT Growth YoY %	—	-13.39%	-60.84%	429.07%	-27.74%	-81.76%	1,160.36%	-50.35%	93.78%
Earnings Per Share (EPS)	₹20.76	₹17.98	₹7.04	₹37.26	₹26.93	₹4.91	₹61.91	₹30.74	₹59.57
Diluted Shares Outstanding (Cr.)	434	434	434	434	434	434	434	434	434
Profit/Loss from Associates	1,289	937	1,401	-326	1,536	2,192	1,066	1,323	1,511
Other Comprehensive Income (Net of Tax)	454	-1,172	588	-1,275	402	761	213	-962	2,584
Expenses	2,68,211	3,30,949	3,29,476	2,83,762	4,20,337	5,34,416	4,74,098	4,86,343	4,92,839
Material Cost %	32.26%	38.34%	36.96%	25.89%	37.81%	43.91%	41.98%	45.02%	40.86%
Employee Cost %	1.34%	1.17%	1.22%	1.6%	0.79%	0.52%	0.71%	0.7%	0.72%
Other Cost %	20.87%	17.79%	19.66%	29.81%	24.65%	16.24%	16.42%	17.24%	18.87%
Interest Coverage (x)	10.36	6.63	1.62	9.84	5.26	1.21	8.99	5.05	11.29

BHARAT PETROLEUM CORP LT balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

BHARAT PETROLEUM CORP LT annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	40,835	38,589	53,555	51,906	53,522	75,635	81,384	1,00,170
Equity Share Capital	1,967	1,967	2,093	2,129	2,129	2,136	4,273	4,273
Reserves & Surplus	36,798	34,565	51,462	49,776	51,393	73,499	77,112	95,898
Equity Method Investments	18,089	21,532	19,550	18,415	21,701	20,561	21,091	25,582
Total Equity	40,835	38,589	53,555	51,906	53,522	75,635	81,384	1,00,170
Non-Current Liabilities	42,986	52,053	50,507	52,555	59,745	45,899	46,326	42,993
Long-term Borrowings	34,316	43,853	43,355	36,359	41,369	26,877	26,528	22,203
Deferred Tax Liabilities	6,792	6,164	4,934	6,376	7,921	7,976	8,293	8,199
Non-Current Provisions	1,538	1,596	1,609	234	208	305	326	421
Other Non-Current Liabilities	284	382	550	1,488	585	2,070	2,281	2,502
Non-Current Financial Liabilities	34,372	43,912	43,413	44,456	49,703	35,548	35,427	31,870
Current Liabilities	53,110	60,222	56,930	83,068	74,842	80,883	90,672	1,05,452
Short-term Borrowings	8,599	17,795	4,233	19,574	19,085	18,608	24,533	21,279
Trade Payables	17,385	13,107	16,263	30,348	24,024	28,306	30,634	42,654
Current Financial Liabilities	46,043	54,023	47,374	71,466	65,086	70,185	81,486	94,002
Other Current Financial Liabilities	20,059	23,121	26,878	21,544	21,977	23,272	26,319	30,069
Other Current Liabilities	4,707	4,126	6,781	7,260	6,929	7,065	6,713	7,997
Current Provisions	2,029	2,039	1,950	2,925	2,729	3,023	2,331	2,247
Current Tax Liabilities	331	33	826	1,418	1	609	141	1,206
Total Liabilities	96,096	1,12,275	1,07,437	1,35,623	1,34,586	1,26,783	1,36,998	1,48,446
Total Non-Current Assets	88,149	1,07,612	1,09,010	1,25,529	1,32,096	1,36,724	1,45,550	1,64,897
Property, Plant & Equipment (PPE)	48,971	59,761	63,589	81,507	84,465	84,718	86,594	91,701
Capital Work-in-Progress	7,293	9,949	7,645	4,980	5,645	8,680	13,240	16,394
Intangible Assets	344	381	509	1,190	1,006	876	830	719
Investment Property	0	33	0	0	0	0	0	0
Non-Current Investments	1,019	288	424	758	800	1,779	1,777	2,146
Loans – Non-Current	3,829	4,987	5,312	3,957	4,336	4,453	4,940	6,085
Other Non-Current Assets	2,128	2,842	2,434	2,358	1,797	1,797	1,970	3,329
Non-Current Financial Assets	4,958	5,302	5,784	5,422	5,674	6,885	7,474	9,451
Net Fixed Assets	56,608	70,090	71,744	87,677	91,116	94,274	1,00,664	1,08,814
Total Current Assets	48,768	43,231	51,961	61,987	55,996	65,652	72,800	83,665
Inventories	22,935	22,243	26,706	42,179	38,069	42,836	45,265	53,304
Trade Receivables	6,906	5,378	7,835	9,707	6,724	8,342	9,339	4,980
Cash & Cash Equivalents	414	800	7,568	2,159	2,313	2,301	558	320
Current Investments	5,799	5,209	6,794	4,442	4,277	4,291	3,663	2,408
Loans – Current	1,685	705	138	136	143	137	142	143
Current Financial Assets	24,469	19,197	23,472	17,082	14,790	20,314	25,391	28,045
Other Current Assets	1,331	1,654	1,248	1,831	2,168	1,674	1,979	2,316
Other Current Financial Assets	9,416	6,741	594	560	1,072	1,258	1,772	2,754
Assets Held for Sale	14	21	22	13	17	42	32	53
Current Tax Assets	33	137	535	895	969	828	165	1
Net Working Capital	-4,342	-16,991	-4,969	-21,082	-18,846	-15,232	-17,872	-21,787
Additional Asset Fields	2,074	2,060	4	—	1,423	477	—	—
Def Govt Grants Curr	—	—	—	—	96	—	—	—
Def Govt Grants Nc	—	—	—	—	1,327	—	—	—
Def Tax Assets	4	4	4	—	—	477	—	—
Non Controlling Int	2,070	2,056	—	—	—	—	—	—
Total Assets	1,36,930	1,50,864	1,60,992	1,87,529	1,88,109	2,02,418	2,18,382	2,48,616
Total Borrowings	42,915	61,648	47,588	55,933	60,455	45,485	51,061	43,482
Net Debt	42,500	60,849	40,020	53,774	58,142	43,184	50,503	43,162
Debt to Equity (x)	1.05	1.6	0.89	1.08	1.13	0.6	0.63	0.43
Current Ratio (x)	0.92	0.72	0.91	0.75	0.75	0.81	0.8	0.79

BHARAT PETROLEUM CORP LT cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

BHARAT PETROLEUM CORP LT annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	20,336	12,466	35,936	23,678	50,769
Profit Before Tax	14,501	629	35,129	16,860	33,280
Depreciation & Amortisation	5,434	6,369	6,771	7,257	7,856
Finance Costs	2,606	4,263	4,149	3,591	2,953
Working Capital Changes	1,323	-176	-1,236	907	9,030
Tax Paid	-1,710	-710	-8,660	-3,990	-8,044
Net Cash from Investing Activities	-8,138	-7,806	-10,521	-19,180	-26,067
Purchase of PPE	-7,410	-7,444	-8,839	-13,343	-15,956
Sale of Fixed Assets	58	121	148	-3,066	132
Interest Received	873	682	1,269	1,044	1,210
Net Cash from Financing Activities	-17,672	-4,402	-25,427	-6,241	-24,940
Proceeds from Borrowings	7,798	14,784	5,560	16,412	6,702
Repayment of Borrowings	-8,782	-13,355	-21,051	-11,684	-17,491
Interest Paid	-1,775	-3,232	-3,632	-2,821	-2,571
Dividend Paid	-14,483	-1,282	-5,329	-6,561	-9,525
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-892	-1,318	-1,354	-1,586	-2,055
Net Change in Cash	-5,474	257	-12	-1,743	-238
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	12,925	5,021	27,097	10,335	34,813
CFO / PBT (x)	1.4	19.81	1.02	1.4	1.53

BHARAT PETROLEUM CORP LT key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

BHARAT PETROLEUM CORP LT trades at a P/E of 7.71× against a sector median of 10.92× — a 29% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

BHARAT PETROLEUM CORP LT valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	7.71
Forward P/E	Valuation	7.81
P/B	Valuation	1.32
PEG (TTM)	Valuation	0.28
EV / EBITDA (TTM)	Valuation	3.88
P/S (TTM)	Valuation	0.26
Operating margin	Profitability	6.26%
Net margin (TTM)	Profitability	5.68%
Return on equity	Return ratios	24.47%
Return on capital employed	Return ratios	23.26%
Return on assets	Return ratios	9.37%
Debt to equity	Leverage & liquidity	0.11
Beta	Leverage & liquidity	1.31
EPS (TTM)	Per share	₹-9.13
Book value	Per share	₹230.89
Revenue / share (TTM)	Per share	₹1,065.52
Cash flow / share	Per share	₹118.83
Dividend yield	Shareholder returns	5.75%
Dividend payout (TTM)	Shareholder returns	36.63%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

BHARAT PETROLEUM CORP LT: frequently asked questions

What is BHARAT PETROLEUM CORP LT's annual revenue?

BHARAT PETROLEUM CORP LT reported revenue of ₹5,22,820 crore in Mar 2026, up 4.5% on the previous financial year.

Is BHARAT PETROLEUM CORP LT profitable?

BHARAT PETROLEUM CORP LT reported a net profit of ₹25,843 crore in Mar 2026, up 93.8% on the previous financial year.

What is BHARAT PETROLEUM CORP LT's EPS?

BHARAT PETROLEUM CORP LT reported earnings per share of ₹59.57 for Mar 2026.

What is BHARAT PETROLEUM CORP LT's operating margin?

BHARAT PETROLEUM CORP LT's operating margin for Mar 2026 was 7.88%.

What is BHARAT PETROLEUM CORP LT's return on equity?

BHARAT PETROLEUM CORP LT's return on equity stands at 24.47%. ROE measures profit generated per rupee of shareholder equity.

How many years of BHARAT PETROLEUM CORP LT financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about BHARAT PETROLEUM CORP LT (BPCL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.