BPCL share price today

Bharat Petroleum Corporation Ltd's share price was ₹304.70 at the close on 4 November 2026. It has been falling for 30 weeks. That is 2.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹278 and ₹386, and at that close it sat 25% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Bharat Petroleum Corporation Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +124% while the NIFTY 500 moved +249%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹1,49,080 crore, +42.1% on a year earlier.

   Why: Revenue rose because the refinery ran at high use and its fuel mix was strong.

   Next results: check Q3 throughput against planned shutdowns at Mumbai, Kochi and Bina.

   From the earnings call on 26 Oct 2026.

3. Operating margin down 3 points on a year earlier

   6% in the September 2026 quarter, from 9%.

   Why: Margins fell because crude shipping costs rose without a matching rise in product shipping charges, which squeezed the gap.

   Next results: check whether government LPG support returns.

   From the earnings call on 26 Oct 2026.

BPCL paid ₹17.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 5.74% at the ₹304.70 close on 4 November 2026. The last was an interim dividend of ₹10 a share, ex-date 2 February 2026.

BPCL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Bharat Petroleum Corporation Ltd paid out 29% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), BPCL reported revenue of ₹1,49,080 crore, up 42.1% from ₹1,04,946 crore a year earlier, and a profit of ₹4,863 crore, down 21.5% from ₹6,191 crore.

BPCL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

BPCL's management discussed these results on a call held on 26 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

BPCL closed at ₹304.70 on 4 November 2026, down 17.0% from ₹367.15 a year earlier (7 November 2025) and up 45.2% over five years. Its highest weekly close since March 2016 was ₹386.35 on 6 February 2026.

BPCL share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 4 March 2016 to 4 November 2026.

4 Nov 2026: BPCL closed at ₹304.70, up 6.9% on the week and up 1.4% on the month. 26 Oct 2026: BPCL held its results call for July to September 2026. Management guided: FY27 capital spending ₹25,000 crore, may exceed by 5-10 percent on project progress.

Earlier

• Results for July to September 2026: Revenue up 42.1% and profit down 21.5% on a year earlier.
• 2 Feb 2026: ex-date for an interim dividend of ₹10 a share.
• 7 Nov 2025: ex-date for an interim dividend of ₹7.50 a share.
• 21 Jun 2024: Bonus issue: 1 new share for every 1 held (ex-date).

On the call for July to September 2026, held on 26 October 2026, BPCL's management guided: FY27 capital spending ₹25,000 crore, may exceed by 5-10 percent on project progress.

“BPCL became the first in the industry to leverage sourcing opportunities from inside the Strait of Hormuz at a price advantage.”V.R.K. Gupta, on the call for July to September 2026

What management guided

• FY28 planned annual capital spending ₹40,000-45,000 crore excluding Andhra equity commitments.
• Bina commissioning mid-2028, Kochi polypropylene October 2027, Mumbai petchem September 2029, SAF Phase 1 January 2027.
• Mozambique first gas June-July 2028 with 1 MMT India sale to tie up over next 2-3 quarters.
• Q3 shutdowns Mumbai 30 days, Kochi 30-40 days and Bina 4.5 days with crude tied through December 2026.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 26 October 2026.

When BPCL reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: LPG buffer print and fresh government support decision against elevated under-recovery into November versus monthly instalment run-off.

BPCL is on 2 of our India lists: Dividend stocks and Oil & gas stocks.

Bharat Petroleum Corporation Ltd earned ₹4,863 Cr of net profit in the Sep 2026 quarter, −21.5% on the same quarter a year earlier. Full-year FY26 profit was ₹25,843 Cr. Over 10 years profit has grown 12.3% a year on average. That is 3.3% of the quarter's revenue. The same quarter a year earlier earned ₹6,191 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹25,843 Cr (+93.8% on the year before).

Why profit moved: revenue changed +42.1% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −8.0% and revenue +22.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Bharat Petroleum Corporation Ltd reported ₹1,49,080 Cr of revenue in the Sep 2026 quarter, +42.1% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 9.3% a year on average. The last full year, FY26, came in at ₹4,55,228 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,38,087 Cr.

FY26 revenue was ₹4,55,228 Cr, +3.4% on the year before.

Recent pace: the last four quarters grew +22.1% on average, against 9.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +21.8%, against +9.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −25.6%, against +9.8% a year (rolling over).

Bharat Petroleum Corporation Ltd's operating margin was 6.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 2.3% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.3 percentage points on the year while gross margin changed −4.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 167% of Bharat Petroleum Corporation Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹50,769 Cr of operating cash against ₹25,843 Cr of profit. After ₹19,376 Cr of spending on assets, ₹31,393 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 167% of profit came in as cash: the cash cycle got 19 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

Bharat Petroleum Corporation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 14 days in FY26, down from 33 days in FY21. It spent ₹45,495 Cr on assets over the last 3 years. Customers take 4 days to pay, and stock sits for 51 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,55,228 Cr, each day of that cycle ties up about ₹1,247 Cr, so roughly ₹17,461 Cr is tied up in the business at any time.

FY26: customers took 4 days to pay and stock sat for 51 days, about 1.7 months of sales sitting as stock, for a full cycle of 14 days, shorter than FY21's 33.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 51 days. Customers pay about 4 days after that. Suppliers are paid at 41 days. Together that makes the 14-day cycle.

Spending on assets: ₹45,495 Cr over the last 3 years, against ₹21,884 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹32,911 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Bharat Petroleum Corporation Ltd's P/E is 9.4×, in the middle of its own history: higher than 51% of past readings. Its usual P/E (the middle reading) is 9.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹36.42.