Nifty

:

25239.10

Sensex

:

82380.69

169.90 (0.68%)
594.95 (0.73%)

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Nifty
Sensex

:
:

25239.10
82380.69

169.90 (0.68%)
594.95 (0.73%)

Gulf Oil Lubricants India Ltd.

Lubricants

Rating :

67/99

BSE: 538567 | NSE: GULFOILLUB

Watchlist

NSE BSE

1311.00

16-Sep-2025

Open
High
Low
Previous Close

1311
1329
1305
1304.20

Volume
Traded Value (lacs)
52 Week High
52 Week Low

74858
98139970.9
1473.65
911

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

6,468.52
17.50
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,839.56
3.66%
4.18

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

13.39
16.56
6.58

EBITDA CAGR (%)

10 Years
5 Years
3 Years

11.50
12.17
6.68

PAT CAGR (%)

10 Years
5 Years
3 Years

13.70
12.60
15.71

P:E (Median)

8 Years
5 Years
3 Years

15.16
15.16
15.25

P:BV (Average)

8 Years
5 Years
3 Years

3.21
3.21
3.23

EV:EBITDA (Average)

8 Years
5 Years
3 Years

8.05
8.05
8.08

Earnings Forecasts:

(Updated: 16-09-2025)

Description 2024 2025 2026 2027
Adj EPS 73.09 82.99 97 108.6
P/E Ratio 17.94 15.80 13.52 12.07
Revenue 3622.94 4232.2 5059.7 4621.13
EBITDA 472.28 516.9 597.1 662.57
Net Income 359.85 407.2 475.9 536.3
ROA 13.93 15.15 14.8
P/B Ratio 4.42 3.96 3.56 3.26
ROE 26.11 24 25 27.47
FCFF 229.67 376.86 425.21 473.13
FCFF Yield 3.92 6.43 7.26 8.08
Net Debt -583.99 -697.3 -844.85 -1013.25
BVPS 296.47 330.66 368.67 401.69

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 996.36 885.07 12.57% 915.08 852.82 7.30% 904.88 817.26 10.72% 849.33 802.30 5.86%
Expenses 869.79 768.83 13.13% 790.61 737.78 7.16% 782.68 706.20 10.83% 742.17 701.82 5.75%
EBITDA 126.58 116.24 8.90% 124.48 115.04 8.21% 122.20 111.06 10.03% 107.15 100.48 6.64%
EBIDTM 12.70% 13.13% 13.60% 13.49% 13.50% 13.59% 12.62% 12.52%
Other Income 22.21 17.29 28.46% 22.24 18.50 20.22% 33.38 16.64 100.60% 23.25 17.06 36.28%
Interest 5.53 4.51 22.62% 9.69 5.61 72.73% 14.11 8.19 72.28% 6.29 7.40 -15.00%
Depreciation 13.54 10.82 25.14% 13.59 13.73 -1.02% 10.75 11.05 -2.71% 10.72 11.13 -3.68%
PBT 129.72 118.20 9.75% 123.43 114.20 8.08% 130.72 108.47 20.51% 113.39 99.02 14.51%
Tax 33.06 30.18 9.54% 31.82 28.76 10.64% 32.55 27.73 17.38% 28.95 25.38 14.07%
PAT 96.66 88.02 9.82% 91.62 85.43 7.25% 98.17 80.74 21.59% 84.44 73.63 14.68%
PATM 9.70% 9.95% 10.01% 10.02% 10.85% 9.88% 9.94% 9.18%
EPS 19.61 17.85 9.86% 18.58 17.33 7.21% 19.91 16.38 21.55% 17.13 14.94 14.66%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 1,016.45 894.04 13.69% 952.74 869.63 9.56% 920.40 817.51 12.59% 863.98 802.30 7.69%
Expenses 889.02 780.42 13.92% 823.95 752.34 9.52% 797.88 707.07 12.84% 756.63 701.82 7.81%
EBITDA 127.43 113.63 12.14% 128.79 117.29 9.80% 122.52 110.44 10.94% 107.35 100.48 6.84%
EBIDTM 12.54% 12.71% 13.52% 13.49% 13.31% 13.51% 12.42% 12.52%
Other Income 22.55 18.18 24.04% 22.77 19.55 16.47% 34.03 17.26 97.16% 23.76 17.06 39.27%
Interest 6.01 4.67 28.69% 10.13 5.79 74.96% 14.59 8.30 75.78% 6.56 7.40 -11.35%
Depreciation 16.15 13.20 22.35% 16.16 16.12 0.25% 13.26 12.64 4.91% 13.15 11.13 18.15%
PBT 127.82 113.93 12.19% 125.26 114.93 8.99% 128.71 106.76 20.56% 111.40 99.02 12.50%
Tax 32.61 29.46 10.69% 32.41 28.06 15.50% 31.74 27.36 16.01% 28.47 25.38 12.17%
PAT 95.21 84.47 12.71% 92.85 86.87 6.88% 96.97 79.40 22.13% 82.93 73.63 12.63%
PATM 9.37% 9.45% 9.75% 9.99% 10.54% 9.71% 9.60% 9.18%
EPS 19.45 17.49 11.21% 18.70 17.54 6.61% 19.86 16.32 21.69% 17.00 15.00 13.33%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 3,665.65 3,554.36 3,284.10 2,999.10 2,191.64 1,652.21 1,644.15 1,705.80 1,332.26 1,086.79 1,011.35 Net Sales Growth 9.18% 8.23% 9.50% 36.84% 32.65% 0.49% -3.61% 28.04% 22.59% 7.46% Cost Of Goods Sold 2,098.96 1,826.25 1,701.37 1,645.96 1,147.38 787.48 733.63 829.38 618.59 531.05 490.56 Gross Profit 1,566.69 1,728.11 1,582.74 1,353.13 1,044.25 864.73 910.53 876.42 713.67 555.74 520.80 GP Margin 42.74% 48.62% 48.19% 45.12% 47.65% 52.34% 55.38% 51.38% 53.57% 51.14% 51.50% Total Expenditure 3,185.25 3,084.33 2,866.63 2,657.24 1,906.18 1,387.52 1,356.97 1,423.24 1,096.79 909.69 853.15 Power & Fuel Cost - 4.77 5.43 5.52 4.40 4.17 4.26 4.69 3.24 2.79 2.37 % Of Sales - 0.13% 0.17% 0.18% 0.20% 0.25% 0.26% 0.27% 0.24% 0.26% 0.23% Employee Cost - 174.98 149.43 135.21 116.78 116.46 113.99 101.74 82.56 70.78 57.44 % Of Sales - 4.92% 4.55% 4.51% 5.33% 7.05% 6.93% 5.96% 6.20% 6.51% 5.68% Manufacturing Exp. - 296.20 297.18 273.48 212.35 143.60 143.55 155.10 116.87 95.06 86.65 % Of Sales - 8.33% 9.05% 9.12% 9.69% 8.69% 8.73% 9.09% 8.77% 8.75% 8.57% General & Admin Exp. - 55.47 51.80 44.98 26.43 22.00 31.99 35.23 31.67 26.79 23.65 % Of Sales - 1.56% 1.58% 1.50% 1.21% 1.33% 1.95% 2.07% 2.38% 2.47% 2.34% Selling & Distn. Exp. - 696.16 636.51 530.50 382.51 297.76 316.09 280.54 231.90 171.70 181.44 % Of Sales - 19.59% 19.38% 17.69% 17.45% 18.02% 19.23% 16.45% 17.41% 15.80% 17.94% Miscellaneous Exp. - 30.51 24.92 21.59 16.33 16.05 13.46 16.57 11.97 11.52 181.44 % Of Sales - 0.86% 0.76% 0.72% 0.75% 0.97% 0.82% 0.97% 0.90% 1.06% 1.09% EBITDA 480.41 470.03 417.47 341.86 285.46 264.69 287.18 282.56 235.47 177.10 158.20 EBITDA Margin 13.11% 13.22% 12.71% 11.40% 13.02% 16.02% 17.47% 16.56% 17.67% 16.30% 15.64% Other Income 101.08 96.20 68.37 48.09 44.22 52.56 34.89 30.03 26.35 21.06 18.89 Interest 35.62 34.60 25.61 37.64 9.62 14.64 24.83 15.16 8.53 9.82 17.79 Depreciation 48.60 45.89 46.77 39.61 35.72 33.87 32.70 22.36 10.43 7.25 6.04 PBT 497.26 485.74 413.46 312.70 284.34 268.74 264.54 275.07 242.86 181.08 153.26 Tax 126.38 123.49 105.36 80.40 73.26 68.65 62.02 97.29 84.30 63.53 52.95 Tax Rate 25.42% 25.42% 25.48% 25.71% 25.76% 25.55% 23.44% 35.37% 34.71% 35.08% 34.55% PAT 370.89 362.25 308.10 232.30 211.08 200.09 202.52 177.78 158.56 117.56 100.31 PAT before Minority Interest 370.89 362.25 308.10 232.30 211.08 200.09 202.52 177.78 158.56 117.56 100.31 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 10.12% 10.19% 9.38% 7.75% 9.63% 12.11% 12.32% 10.42% 11.90% 10.82% 9.92% PAT Growth 13.14% 17.58% 32.63% 10.05% 5.49% -1.20% 13.92% 12.12% 34.88% 17.20% EPS 75.23 73.48 62.49 47.12 42.82 40.59 41.08 36.06 32.16 23.85 20.35

Description TTM Mar 25 Mar 24 Mar 23 Mar 22
Net Sales 3,753.57 3,631.16 3,301.15 2,999.10 2,191.64 Net Sales Growth 10.94% 10.00% 10.07% 36.84% Cost Of Goods Sold 2,158.99 1,880.06 1,709.61 1,645.96 1,147.38 Gross Profit 1,594.58 1,751.10 1,591.54 1,353.13 1,044.25 GP Margin 42.48% 48.22% 48.21% 45.12% 47.65% Total Expenditure 3,267.48 3,158.92 2,882.05 2,657.24 1,906.18 Power & Fuel Cost - 4.88 5.47 5.52 4.40 % Of Sales - 0.13% 0.17% 0.18% 0.20% Employee Cost - 183.40 150.70 135.21 116.78 % Of Sales - 5.05% 4.57% 4.51% 5.33% Manufacturing Exp. - 297.58 297.35 273.48 212.35 % Of Sales - 8.20% 9.01% 9.12% 9.69% General & Admin Exp. - 60.51 56.96 44.98 26.43 % Of Sales - 1.67% 1.73% 1.50% 1.21% Selling & Distn. Exp. - 701.41 636.95 530.50 382.51 % Of Sales - 19.32% 19.29% 17.69% 17.45% Miscellaneous Exp. - 31.08 25.02 21.59 16.33 % Of Sales - 0.86% 0.76% 0.72% 0.75% EBITDA 486.09 472.24 419.10 341.86 285.46 EBITDA Margin 12.95% 13.01% 12.70% 11.40% 13.02% Other Income 103.11 98.78 70.03 48.09 44.22 Interest 37.29 35.95 25.91 37.64 9.62 Depreciation 58.72 55.77 50.74 39.61 35.72 PBT 493.19 479.30 412.48 312.70 284.34 Tax 125.23 122.08 104.28 80.40 73.26 Tax Rate 25.39% 25.47% 25.28% 25.71% 25.76% PAT 367.96 359.85 307.96 232.30 211.06 PAT before Minority Interest 369.39 357.39 308.02 232.30 211.06 Minority Interest 1.43 2.46 -0.06 0.00 0.00 PAT Margin 9.80% 9.91% 9.33% 7.75% 9.63% PAT Growth 13.44% 16.85% 32.57% 10.06% EPS 74.64 72.99 62.47 47.12 42.81

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,464.25 1,294.77 1,178.44 1,042.70 869.38 761.31 586.74 467.42 354.13 248.54 Share Capital 9.86 9.83 9.80 10.09 10.06 10.02 9.96 9.94 9.93 9.91 Total Reserves 1,445.10 1,275.02 1,157.87 1,026.89 851.37 739.98 562.26 443.72 334.32 235.74 Non-Current Liabilities 42.35 35.42 47.89 38.53 24.63 30.39 24.34 15.46 8.81 89.91 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 6.87 5.97 4.24 4.25 4.12 3.22 2.59 2.43 2.67 86.09 Current Liabilities 1,260.62 1,071.40 930.77 818.49 599.97 731.72 621.51 618.36 437.61 477.18 Trade Payables 546.38 494.96 390.65 270.74 289.81 258.51 195.94 222.86 133.08 130.60 Other Current Liabilities 163.68 134.34 115.58 106.69 47.78 40.54 40.72 62.08 57.20 39.17 Short Term Borrowings 413.39 329.31 331.58 357.00 197.95 353.72 283.11 248.06 178.49 194.72 Short Term Provisions 137.17 112.79 92.96 84.06 64.43 78.95 101.75 85.35 68.85 112.69 Total Liabilities 2,767.22 2,401.59 2,157.10 1,899.72 1,493.98 1,523.42 1,232.59 1,101.24 800.55 815.63 Net Block 274.97 250.41 277.49 273.09 253.62 280.47 270.50 260.08 117.97 106.93 Gross Block 502.71 435.36 411.21 382.60 338.22 341.38 309.10 277.64 125.16 146.90 Accumulated Depreciation 227.74 184.95 133.72 109.51 84.60 60.91 38.60 17.56 7.19 39.98 Non Current Assets 506.01 478.51 402.56 345.23 316.72 318.79 308.53 279.73 163.71 204.10 Capital Work in Progress 13.50 9.17 3.06 3.10 3.74 0.66 0.71 6.00 29.18 1.90 Non Current Investment 191.27 193.43 88.35 35.87 20.27 4.59 4.60 4.15 3.72 3.15 Long Term Loans & Adv. 6.85 10.80 10.72 9.96 10.16 10.52 10.39 9.23 12.55 91.86 Other Non Current Assets 19.42 14.71 22.95 23.21 28.94 22.55 22.33 0.26 0.28 0.26 Current Assets 2,261.21 1,923.08 1,754.55 1,554.49 1,177.25 1,204.63 924.07 821.50 636.85 611.54 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 477.18 484.40 471.70 476.30 376.51 328.27 338.79 236.80 149.93 156.89 Sundry Debtors 464.70 486.72 409.97 334.51 188.96 187.00 150.66 134.62 109.62 106.44 Cash & Bank 1,027.43 706.30 654.24 574.39 495.60 550.94 292.60 326.19 289.57 235.07 Other Current Assets 291.89 29.21 23.45 18.95 116.18 138.42 142.02 123.90 87.73 113.15 Short Term Loans & Adv. 258.24 216.45 195.18 150.34 100.23 122.36 137.36 117.92 84.23 107.29 Net Current Assets 1,000.59 851.68 823.77 736.00 577.29 472.91 302.55 203.15 199.23 134.35 Total Assets 2,767.22 2,401.59 2,157.11 1,899.72 1,493.97 1,523.42 1,232.60 1,101.23 800.56 815.64

Description Mar 25 Mar 24 Mar 23 Mar 22
Shareholder's Funds 1,461.72 1,294.61 1,178.43 1,042.68 Share Capital 9.86 9.83 9.80 10.09 Total Reserves 1,442.57 1,274.86 1,157.86 1,026.87 Non-Current Liabilities 64.52 59.69 47.89 38.53 Secured Loans 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 7.28 6.13 4.24 4.25 Current Liabilities 1,287.08 1,079.62 930.77 818.49 Trade Payables 559.17 496.96 390.65 270.74 Other Current Liabilities 168.28 136.37 115.58 106.69 Short Term Borrowings 421.56 333.13 331.58 357.00 Short Term Provisions 138.08 113.15 92.96 84.06 Total Liabilities 2,882.80 2,505.82 2,157.09 1,899.70 Net Block 389.64 367.74 277.49 273.09 Gross Block 584.89 527.59 411.21 382.60 Accumulated Depreciation 195.24 159.85 133.72 109.51 Non Current Assets 524.79 499.68 402.55 345.21 Capital Work in Progress 19.21 14.56 3.06 3.10 Non Current Investment 88.72 90.72 88.34 35.85 Long Term Loans & Adv. 7.05 11.78 10.72 9.96 Other Non Current Assets 20.16 14.88 22.95 23.21 Current Assets 2,358.01 2,006.13 1,754.55 1,554.49 Current Investments 0.00 0.00 0.00 0.00 Inventories 507.49 494.35 471.70 476.30 Sundry Debtors 494.32 501.76 409.97 334.51 Cash & Bank 1,050.51 757.29 654.24 574.39 Other Current Assets 305.69 29.83 23.45 18.95 Short Term Loans & Adv. 271.74 222.89 195.18 150.34 Net Current Assets 1,070.92 926.51 823.77 736.00 Total Assets 2,882.80 2,505.81 2,157.10 1,899.70

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 423.26 348.14 273.32 -23.73 193.50 236.84 17.04 110.08 133.86 117.83 PBT 485.74 413.46 312.70 284.34 268.74 264.54 275.07 242.86 181.08 153.26 Adjustment -6.58 13.16 39.29 5.77 2.99 27.72 4.07 1.37 -0.03 12.20 Changes in Working Capital 69.12 23.73 14.76 -237.67 -23.11 28.13 -171.97 -62.66 14.36 2.11 Cash after chg. in Working capital 548.28 450.35 366.76 52.43 248.63 320.39 107.17 181.57 195.41 167.57 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -125.02 -102.20 -93.43 -76.15 -55.12 -83.55 -90.13 -71.48 -61.56 -49.74 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity 49.40 -57.83 30.43 -17.31 29.52 17.41 -21.86 -50.85 -10.01 -3.27 Net Fixed Assets -71.68 -30.26 -28.57 -43.74 0.08 -32.23 -26.17 -129.30 -5.54 -16.72 Net Investments 2.16 -105.08 -52.48 -15.60 -15.68 0.01 -0.45 -0.43 -0.57 -0.51 Others 118.92 77.51 111.48 42.03 45.12 49.63 4.76 78.88 -3.90 13.96 Cash from Financing Activity -152.52 -238.43 -202.12 98.15 -277.23 4.87 -29.49 8.92 -59.09 -78.75 Net Cash Inflow / Outflow 320.14 51.88 101.63 57.12 -54.22 259.12 -34.30 68.15 64.76 35.81 Opening Cash & Equivalents 702.24 650.36 548.73 491.61 545.83 286.71 321.01 252.86 188.10 152.29 Closing Cash & Equivalent 1,022.38 702.24 650.36 548.73 491.61 545.83 286.71 321.01 252.86 188.10

Description Mar 25 Mar 24 Mar 23 Mar 22
Cash From Operating Activity 395.25 341.42 273.32 -23.73 PBT 479.47 412.30 312.71 284.32 Adjustment 2.03 17.44 39.28 5.78 Changes in Working Capital 39.49 14.08 14.76 -237.67 Cash after chg. in Working capital 520.99 443.81 366.76 52.43 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -125.74 -102.39 -93.43 -76.15 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity 77.35 -50.58 30.43 -17.31 Net Fixed Assets -71.68 -30.26 -28.57 Net Investments 2.16 -105.08 -52.48 Others 146.87 84.76 111.48 Cash from Financing Activity -149.77 -237.98 -202.12 98.15 Net Cash Inflow / Outflow 322.83 52.87 101.63 57.12 Opening Cash & Equivalents 703.23 650.36 548.73 491.61 Closing Cash & Equivalent 1,026.06 703.23 650.36 548.73

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 295.10 261.32 238.22 205.64 171.23 149.68 114.91 91.28 69.36 49.56 ROA 14.02% 13.52% 11.45% 12.44% 13.26% 14.70% 15.24% 16.67% 14.55% 14.19% ROE 26.44% 25.12% 21.07% 22.24% 24.83% 30.63% 34.66% 39.74% 39.86% 46.36% ROCE 29.72% 28.02% 24.08% 23.83% 25.97% 29.16% 36.61% 40.28% 39.13% 40.45% Fixed Asset Turnover 8.33 8.59 7.56 6.08 4.86 5.06 5.81 6.84 9.26 8.64 Receivable days 44.44 45.02 45.30 43.59 41.53 37.48 30.52 32.34 31.30 34.42 Inventory Days 44.92 48.00 57.69 71.01 77.85 74.04 61.58 51.20 44.45 46.58 Payable days 104.06 95.00 73.33 89.16 127.08 60.87 53.61 60.45 54.55 49.40 Cash Conversion Cycle -14.70 -1.98 29.66 25.44 -7.70 50.66 38.49 23.09 21.20 31.60 Total Debt/Equity 0.28 0.26 0.28 0.34 0.23 0.47 0.49 0.55 0.52 0.79 Interest Cover 15.04 17.14 9.31 30.56 19.36 11.65 19.15 29.47 19.43 9.62

Description Mar 25 Mar 24 Mar 23 Mar 22
Book Value (Rs.) 294.58 261.28 238.22 205.64 ROA 13.26% 13.21% 11.45% 11.11% ROE 26.11% 25.12% 21.07% 20.35% ROCE 29.36% 27.93% 24.08% 21.00% Fixed Asset Turnover 7.16 7.78 7.56 5.73 Receivable days 45.63 45.56 45.30 55.71 Inventory Days 45.90 48.27 57.69 79.32 Payable days 102.52 94.75 73.33 86.13 Cash Conversion Cycle -10.99 -0.92 29.66 48.91 Total Debt/Equity 0.29 0.26 0.28 0.34 Interest Cover 14.34 16.91 9.31 30.56

Top Investors:

hdfc mutual fund - hdfc multi cap fund

baroda bnp paribas manufacturing fund

investor education and protection fund (iepf)

Annual Reports:

News Update:

Gulf Oil Lubricant - Quarterly Results
13th Aug 2025, 21:12 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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