Bharat Petroleum Corporation Ltd (Refineries) — fundamental analysis, earnings data, and key metrics. PE: 4.9. ROE: 17.3%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Feb 28, 2026
What: Record high refining margins sustained through Q4 FY26
Impact: +₹5000 Cr revenue
“Refinery GRM in Q3 FY26 at $13.25/bbl (Investor Presentation)”
What: 4 plants under construction with Kochi plant operational
Impact: +₹1200 Cr revenue
“BPCL is setting up 26 CBG plants through direct investment/JV partnerships (Investor Presentation)”
Earnings deceleration risks from management commentary
Trigger: If not resolved before next quarterly filing
Management view: Auditors flagged non-compliance but clarified it doesn't impact financial results
Monitor: Board composition in next filing
Trigger: If compensation delayed or reduced
Impact: 200 bps margin impact
Management view: Ministry approved ₹7,600 cr compensation for under-recoveries
Monitor: Timing of compensation receipt
Key quotes from recent conference calls
“Refinery GRM in Q3 FY26 at $13.25/bbl — BPCL Management”
“141 KL/month throughput per outlets, highest among OMCs — BPCL Management”
“Refinery utilization at 119% in Q3 FY26 — BPCL Management”
“With strong refining margins, steady growth in domestic fuel demand, and improved operational efficiencies, BPCL continues to maintain a solid financial trajectory — BPCL Management”
Forward-looking targets from management for next 2 quarters
Implied PAT Growth
15%
Key Milestones
• Maintain refinery GRM above $12/bbl
• Complete 4 CBG plants
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Bharat Petroleum Corporation Ltd's latest quarterly results (Dec 2025) show
Bharat Petroleum Corporation Ltd's current PE ratio is 4.9x.
Bharat Petroleum Corporation Ltd's price-to-book ratio is 1.3x.
Bharat Petroleum Corporation Ltd's fundamental strength based on key financial ratios
Bharat Petroleum Corporation Ltd has a debt-to-equity ratio of N/A.
Bharat Petroleum Corporation Ltd's return ratios over recent years
Bharat Petroleum Corporation Ltd's operating cash flow is positive (FY2025).
Bharat Petroleum Corporation Ltd's current dividend yield is 6.19%.
Bharat Petroleum Corporation Ltd's shareholding pattern (Dec 2025)
Bharat Petroleum Corporation Ltd's promoter holding has remained stable recently.
Bharat Petroleum Corporation Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Bharat Petroleum Corporation Ltd has 2 key growth catalysts identified from recent earnings analysis
Bharat Petroleum Corporation Ltd has 2 key risks worth monitoring
In Q3 FY26, Bharat Petroleum Corporation Ltd's management highlighted
Bharat Petroleum Corporation Ltd's management has provided the following forward guidance for next 2 quarters
Based on quantitative research signals, here is why Bharat Petroleum Corporation Ltd may be worth studying
Bharat Petroleum Corporation Ltd investment thesis summary:
Bharat Petroleum Corporation Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
