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

BHARAT PETROLEUM CORPORATION LIMITED

(BPCL)
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Delayed Quote. Delayed NSE India Stock Exchange - 11/26 05:17:11 am
378 INR   -1.06%
12:09pIndian refiners' October oil processing highest since March
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11/19India aims to reduce diesel use with $1.35-billion LNG retail push
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11/18Vedanta says interested in buying government's stake in BPCL
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India's gasoline sales jump to pre-covid levels in September, diesel improves

10/01/2020 | 04:05am EST
A nozzle pumps petrol into a vehicle at a fuel station in Mumbai

Indian state refiners' annual gasoline sales rose to pre-COVID levels in September and a fall in diesel sales slowed, as the loosening of lockdown restrictions boosted energy consumption and economic activity, provisional industry data showed.

Last month, gasoline sales by state refiners saw their first annual growth since March, underpinned by a gradual lifting of coronavirus curbs even as India suffers one of the highest infection rates in the world.

India's fuel consumption- a proxy for oil demand- was hard hit by a nation-wide lockdown imposed in March to stem the spread of covid-19.

Indian state retailers sold 2.2 million tonnes of gasoline last month, up 1.85% from a year ago as the sale of passenger cars surged and as motorists increasingly rely on personal vehicles to commute amid rising coronavirus cases. Gasoline sales were up 10.5% from August.

Gasoil sales were at 4.84 million tonnes, down 7.3% from a year ago but up 22% from August, according to data provided by the country's top refiner Indian Oil Corp.

A continued recovery in gasoline and gasoil sales, which accounts for over half of the refined fuel consumption in India, would help improve refinery runs further.

IOC's crude processing last month improved due to a recovery in fuel demand, its chairman M.S.Vaidya said, betting that fuel appetite could return to pre-covid levels this quarter.

State companies IOC.NS, Hindustan Petroleum Corp and Bharat Petroleum own about 90% of India's retail fuel outlets.

State retailers sold 2.3 million tonnes of liquefied petroleum gas in September, 5.3% higher than last year and up 3.6% from August.

Jet fuel sales last month rose 23.4% from August to about 290,000 tonnes, but fell 53% from a year ago as curbs on air travel remained in place.

By Nidhi Verma


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED -1.06% 378 Delayed Quote.-22.28%
HINDUSTAN PETROLEUM CORPORATION LIMITED 0.52% 213.15 Delayed Quote.-19.83%
INDIAN OIL CORPORATION LIMITED -0.17% 85.6 Delayed Quote.-31.70%
LONDON BRENT OIL -1.80% 47.97 Delayed Quote.-30.61%
WTI -1.55% 45.035 Delayed Quote.-29.68%
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Financials
Sales 2021 2 071 B 28 067 M 28 067 M
Net income 2021 71 718 M 972 M 972 M
Net Debt 2021 553 B 7 490 M 7 490 M
P/E ratio 2021 11,2x
Yield 2021 3,45%
Capitalization 829 B 11 232 M 11 232 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,54x
Nbr of Employees 12 687
Free-Float 37,7%
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Technical analysis trends BHARAT PETROLEUM CORPORATION LIMITED
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Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 31
Average target price 451,19 INR
Last Close Price 382,05 INR
Spread / Highest target 44,0%
Spread / Average Target 18,1%
Spread / Lowest Target -20,2%
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-20.71%11 420
EXXON MOBIL CORPORATION-39.84%177 501
RELIANCE INDUSTRIES LTD30.96%168 439
BP PLC-41.73%73 881
CHINA PETROLEUM & CHEMICAL CORPORATION-22.17%72 330
NESTE OYJ85.88%52 606