Gulf Oil Lubricants India Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company has a healthy return on capital (ROCE) of 28.2%
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
- Latest quarter profit grew 31.9% YoY, showing strong momentum
- Company has delivered good sales growth of 19.3% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.11x)
CONS
- Promoter holding has decreased over last 2 years: -4.9pp
- Operating margins have contracted to 6.4% from 13.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CASTROLIND | 189.40 | 17.63 | 18733.98 | 4.62 | 347.70 | 42.50 | 1871.47 | 25.03 | 61.82 | 26.41 |
| GULFOILLUB | 1080.45 | 14.28 | 5354.23 | 4.72 | 120.84 | 26.96 | 1327.21 | 30.57 | 26.41 | 12.49 |
| SOTL | 689.80 | 11.43 | 4729.30 | 0.72 | 288.06 | 414.80 | 1479.76 | 50.65 | 15.18 | 24.59 |
| PANAMAPET | 497.50 | 6.29 | 3009.56 | 0.60 | 308.91 | 624.80 | 1735.15 | 150.30 | 19.58 | 22.35 |
| GANDHAR | 265.80 | 8.63 | 2601.64 | 0.28 | 205.89 | 689.15 | 1731.93 | 91.81 | 14.99 | 16.24 |
| VEEDOL | 1443.25 | 11.44 | 2514.72 | 4.02 | 77.92 | 56.88 | 608.57 | 18.49 | 24.70 | 17.48 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 812 | 802 | 817 | 853 | 885 | 849 | 905 | 915 | 996 | 957 | 998 | 1,040 | 1,320 | |
| 719 | 702 | 706 | 738 | 769 | 742 | 783 | 791 | 870 | 838 | 868 | 905 | 1,175 | |
| Operating Profit | 93 | 100 | 111 | 115 | 116 | 107 | 122 | 124 | 127 | 118 | 130 | 135 | 146 |
| OPM % | 11.43% | 12.52% | 13.59% | 13.49% | 13.13% | 12.62% | 13.50% | 13.60% | 12.70% | 12.38% | 13.05% | 12.99% | 11.04% |
| 14 | 17 | 17 | 18 | 17 | 23 | 33 | 22 | 22 | 25 | 1 | 25 | 27 | |
| Interest | 4 | 7 | 8 | 6 | 5 | 6 | 14 | 10 | 6 | 13 | 13 | 23 | 8 |
| Depreciation | 11 | 11 | 11 | 14 | 11 | 11 | 11 | 14 | 14 | 14 | 15 | 16 | 17 |
| Profit before Tax | 92 | 99 | 108 | 114 | 118 | 113 | 131 | 123 | 130 | 117 | 104 | 121 | 172 |
| Tax % | 25.59% | 25.63% | 25.56% | 25.18% | 25.53% | 25.53% | 24.90% | 25.78% | 25.49% | 25.53% | 25.66% | 25.55% | 26.05% |
| Net Profit | 68 | 74 | 81 | 85 | 88 | 84 | 98 | 92 | 97 | 87 | 77 | 90 | 128 |
| 13.93 | 15.01 | 16.46 | 17.39 | 17.90 | 17.15 | 19.94 | 18.58 | 19.60 | 17.67 | 15.64 | 18.22 | 25.76 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,087 | 1,332 | 1,706 | 1,644 | 1,652 | 2,192 | 2,999 | 3,284 | 3,554 | 3,991 | 4,315 | |
| 910 | 1,097 | 1,423 | 1,357 | 1,388 | 1,906 | 2,657 | 2,867 | 3,084 | 3,481 | 3,786 | |
| Operating Profit | 177 | 235 | 283 | 287 | 265 | 285 | 342 | 417 | 470 | 510 | 530 |
| OPM % | 16.30% | 17.67% | 16.56% | 17.47% | 16.02% | 13.02% | 11.40% | 12.71% | 13.22% | 12.79% | 12.27% |
| 21 | 26 | 30 | 35 | 53 | 44 | 48 | 68 | 96 | 74 | 78 | |
| Interest | 10 | 9 | 15 | 25 | 15 | 10 | 38 | 26 | 35 | 54 | 56 |
| Depreciation | 7 | 10 | 22 | 33 | 34 | 36 | 40 | 47 | 46 | 59 | 62 |
| Profit before Tax | 181 | 243 | 275 | 265 | 269 | 284 | 313 | 413 | 486 | 471 | 514 |
| Tax % | 35.08% | 34.71% | 35.37% | 23.44% | 25.55% | 25.77% | 25.71% | 25.48% | 25.42% | 25.55% | 25.74% |
| Net Profit | 118 | 159 | 178 | 203 | 200 | 211 | 232 | 308 | 362 | 351 | 382 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 39.70 | 41.63 | 47.16 | 62.66 | 73.47 | 71.04 | — |
| Dividend Payout % | 35.89% | 32.91% | 32.21% | 34.64% | 40.23% | 11.95% | 52.75% | 57.45% | 65.33% | 71.79% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 19%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 12%
- 3 Years:
- 15%
STOCK PRICE CAGR
- 10 Years:
- 4%
- 5 Years:
- 12%
- 3 Years:
- 24%
- 1 Year:
- -17%
RETURN ON EQUITY
- 10 Years:
- 29%
- 5 Years:
- 24%
- 3 Years:
- 25%
- Last Year:
- 23%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 334 | 444 | 562 | 740 | 851 | 1,027 | 1,158 | 1,275 | 1,445 | 1,531 | |
| 180 | 250 | 285 | 367 | 205 | 379 | 356 | 343 | 437 | 491 | |
| Trade Payables | 133 | 223 | 196 | 259 | 290 | 271 | 391 | 495 | 546 | 648 |
| 143 | 174 | 179 | 148 | 137 | 213 | 243 | 279 | 329 | 346 | |
| Total Liabilities | 801 | 1,101 | 1,233 | 1,523 | 1,494 | 1,900 | 2,157 | 2,402 | 2,767 | 3,025 |
| 118 | 260 | 270 | 280 | 254 | 273 | 277 | 250 | 275 | 286 | |
| Capital Work in Progress | 29 | 6 | 1 | 1 | 4 | 3 | 3 | 7 | 2 | 2 |
| 4 | 4 | 5 | 5 | 20 | 36 | 88 | 193 | 191 | 192 | |
| 150 | 237 | 339 | 328 | 377 | 476 | 472 | 484 | 477 | 553 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 487 | 465 | 513 | |
| Cash & Bank | 290 | 326 | 293 | 551 | 496 | 574 | 654 | 706 | 1,027 | 1,141 |
| 210 | 268 | 325 | 358 | 344 | 537 | 662 | 273 | 330 | 339 | |
| Total Assets | 801 | 1,101 | 1,233 | 1,523 | 1,494 | 1,900 | 2,157 | 2,402 | 2,767 | 3,025 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 195 | 182 | 107 | 320 | 249 | 52 | 367 | 348 | 423 | 363 | |
| Cash from Investing | -10 | -51 | -22 | 17 | 30 | -17 | 30 | -58 | 49 | 18 |
| Cash from Financing | -59 | 9 | -29 | 5 | -277 | 98 | -202 | -238 | -153 | -268 |
| 65 | 68 | -34 | 259 | -54 | 57 | 102 | 52 | 320 | 113 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - Gulf Oil Lubricants India Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-09-07 - We hereby inform you of cessation of a Senior Management Personnel ("SMP")
2026-09-01 - A Press Release is enclosed which is self-explanatory.
2026-08-20 - We enclose herewith the Newspaper cuttings of Business Standard (English) and Sakal (Marathi) wherein, inter-alia, the Notice of 18th Annual General Meeting of the shareholders is published.
2026-08-19 - Please find enclosed Business Responsibility & Sustainability Report FY 2025-26.
2026-08-19 - Please find enclosed the Annual Report 2025-26 of the Company.
2026-08-19 - Please find enclosed the Notice of 18th Annual General Meeting, scheduled to be held on Friday, September 11, 2026 at 3 p.m. (IST) through VC/OAVM.
2026-08-13 - We enclose herewith the Investor Presentation for the quarter ended June 30, 2026 providing highlights on financial results for the quarter ended June 30, 2026 and business/industry overview.
2026-08-10 - We hereby inform you that a meet is scheduled to be held on Thursday, August 13, 2026 with Analysts/ Institutional Investors.
News
Recent coverage and analyst commentary for GULFOILLUB
Loading news…
AI Stock Analyst
Gulf Oil Lubricants India Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

