Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Bharat Petroleum Corporation Limited    BPCL   INE029A01011

BHARAT PETROLEUM CORPORATION LIMITED

(BPCL)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 12/02 06:12:07 am
384.5 INR   +1.37%
12/01India's November diesel sales plunge after rising in October
RE
11/25Indian refiners' October oil processing highest since March
RE
11/19India aims to reduce diesel use with $1.35-billion LNG retail push
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

India asks at least eight state-run firms to consider buybacks, sources say

10/19/2020 | 04:53am EST
A signboard of NTPC (National Thermal Power Corporation Limited) is seen outside its office in Mumbai

NEW DELHI (Reuters) - India has asked at least eight state-run companies to consider share buybacks in the fiscal year that runs through March 2021, two government officials said, as New Delhi scours for ways of raising funds to rein in its fiscal deficit.

The firms asked include miner Coal India, power utility NTPC, minerals producer NMDC and Engineers India Ltd, said one of the sources, who sought anonymity as the discussions are private.

"Buyback is an important tool in our strategy and it helps in building market price," added the second official, who also spoke on condition of anonymity.

India is unlikely to be anywhere near its fiscal deficit target of 3.5% of GDP for 2020/21 as coronavirus curbs hit tax collections and delayed efforts to privatise energy firm Bharat Petroleum Corp and flag carrier Air India.

In February, the government had set itself a target of raising more than $27 billion from privatisations and sale of minority stakes in state-owned companies this fiscal year.

However, some companies, particularly in the oil sector, may not be able to do buybacks, the sources warned, as the government's stake is just sufficient to ensure its position as a majority holder.

"The government stake in these companies is about 51% and there is a competing claim on their cash in the form of huge capex commitment and dividend payments," the second source said.

But for those with sufficient funds and capital expenditure below target for this fiscal year, the government could seek approval from the cabinet to prune its stake to less than 51% in individual firms without giving up control, the official said.

India had tasked 23 state-run companies with capital expenditure of 1.65 trillion rupees ($22.5 billion) this fiscal year, but some firms face spending challenges as the world's second most populous nation adds virus infections.

The government had asked state-run firms to either meet their targets for capital expenditure or "reward the shareholder in the form of a dividend," the officials added.

(Reporting by Aftab Ahmed and Nidhi Verma; Editing by Clarence Fernandez)

By Aftab Ahmed and Nidhi Verma


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED 1.37% 384.5 Delayed Quote.-22.84%
COAL INDIA LIMITED 2.65% 129.75 Delayed Quote.-40.19%
ENGINEERS INDIA LIMITED -0.53% 74.4 Delayed Quote.-24.44%
INDIA POWER CORPORATION LIMITED -1.30% 11.35 Delayed Quote.32.18%
LONDON BRENT OIL 1.97% 48.12 Delayed Quote.-27.74%
NMDC LIMITED 3.93% 103.1 End-of-day quote.-20.05%
NTPC LTD 1.12% 94.8 Delayed Quote.-21.25%
WTI 2.36% 45.105 Delayed Quote.-26.33%
All news about BHARAT PETROLEUM CORPORATION LIMITED
12/01India's November diesel sales plunge after rising in October
RE
11/25Indian refiners' October oil processing highest since March
RE
11/19India aims to reduce diesel use with $1.35-billion LNG retail push
RE
11/18Vedanta says interested in buying government's stake in BPCL
RE
11/16Indian Government Gets Multiple Bids for Stake in BPCL
DJ
11/16India will not extend deadline for BPCL bids - sources
RE
11/16India's diesel sales dip in first half of November - data
RE
11/16India's diesel sales dip in first half of November -data
RE
11/14Sensex, Nifty make modest gains in special Diwali day session
RE
11/05Sensex, Nifty close at near nine-month high as banks rally on SBI earnings
RE
More news
Financials
Sales 2021 2 071 B 28 086 M 28 086 M
Net income 2021 71 718 M 973 M 973 M
Net Debt 2021 553 B 7 495 M 7 495 M
P/E ratio 2021 11,3x
Yield 2021 3,43%
Capitalization 834 B 11 311 M 11 312 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,54x
Nbr of Employees 12 687
Free-Float 37,7%
Chart BHARAT PETROLEUM CORPORATION LIMITED
Duration : Period :
Bharat Petroleum Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BHARAT PETROLEUM CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 451,19 INR
Last Close Price 384,50 INR
Spread / Highest target 43,0%
Spread / Average Target 17,3%
Spread / Lowest Target -20,7%
EPS Revisions
Managers
NameTitle
Padmakar Kappagantula Chairman, Managing Director & Director-HR
Neelakantapillai Vijayagopal Finance Director & Executive Director
R. Narayanan Executive Director-Information Systems
S. Bhargava Executive Director-Research & Development
Y. V. Apte Executive Director-Engineering & Projects
Sector and Competitors
1st jan.Capitalization (M$)
BHARAT PETROLEUM CORPORATION LIMITED-22.84%11 192
RELIANCE INDUSTRIES LTD30.35%168 832
EXXON MOBIL CORPORATION-44.83%162 787
CHINA PETROLEUM & CHEMICAL CORPORATION-22.60%73 224
BP PLC-45.92%68 959
NESTE OYJ82.98%52 534