# BPCL share price today (Bharat Petroleum Corporation Ltd, NSE: BPCL)

> BPCL share price today: ₹296.90 at the NSE close on 3 November 2026, down 16.8% in a year. Bharat Petroleum Corporation (NSE: BPCL) is worth ₹1,28,765 crore, trades at a P/E of 9.2 and has closed between ₹278.15 and ₹386.35 over the past 52 weeks. > Bharat Petroleum Corporation Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BPCL · Refineries · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/bharat-petroleum-corporation-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹296.90 (−16.8% in a year)
- P/E: 9.2× (lower than 52% of the last 11 years)
- Revenue (Sep 2026): ₹1,49,080 Cr (+42.1% on a year ago)
- Profit (Sep 2026): ₹4,863 Cr (−21.5% on a year ago)
- Operating margin: 6.0% (−3.0 points on a year ago)
- ROCE: 26%, FY26
- ROIC: 10.8%, against a 12.0% cost of capital: −1.2 points

The main question: yearly earnings per share moved +93.8% while the share price moved −16.8%. ## What is the BPCL share price today? Bharat Petroleum Corporation Ltd's share price was ₹296.90 at the close on 3 November 2026. It has been falling for 30 weeks. That is 5.1% 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 17% of the way up from that low. 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 +119% 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. ## What changed at BPCL this quarter? 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. ## What dividend does BPCL pay? BPCL paid ₹17.50 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 5.89% at the ₹296.90 close on 3 November 2026. The last was an interim dividend of ₹10 a share, ex-date 2 February 2026. ### BPCL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 2 Feb 2026 | ₹10 | Interim | same day |
| 7 Nov 2025 | ₹7.50 | Interim | same day |
| 31 Jul 2025 | ₹5 | Dividend | same day |
| 29 Jan 2025 | ₹5 | Interim | same day |
| 9 Aug 2024 | ₹10.50 | Dividend | same day |
| 12 Dec 2023 | ₹21 | Interim | same day |
| 11 Aug 2023 | ₹4 | Dividend | same day |
| 19 Aug 2022 | ₹6 | Dividend | n/a |
| 10 Feb 2022 | ₹5 | Interim | 11 Feb 2022 |
| 11 Nov 2021 | ₹5 | Interim | 12 Nov 2021 |
| 16 Sep 2021 | ₹58 | Dividend + Special | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What are BPCL's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,49,080 crore | ₹1,04,946 crore | +42.1% |
| Profit | ₹4,863 crore | ₹6,191 crore | −21.5% |
| Earnings per share | ₹11.21 | ₹14.27 | −21.4% |
| Operating margin | 6.0% | 9.0% | −3.0 points |

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.)

## What is the BPCL share price history? BPCL closed at ₹296.90 on 3 November 2026, down 16.8% from ₹356.80 a year earlier (31 October 2025) and up 41.5% over five years. Its highest weekly close since March 2016 was ₹386.35 on 6 February 2026. ### BPCL share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹281.95 | +5.3% |
| 1 month ago · 1 Oct 2026 | ₹300.60 | −1.2% |
| 6 months ago · 30 Apr 2026 | ₹300.45 | −1.2% |
| 1 year ago · 31 Oct 2025 | ₹356.80 | −16.8% |
| 3 years ago · 3 Nov 2023 | ₹180.75 | +64.3% |
| 5 years ago · 4 Nov 2021 | ₹209.88 | +41.5% |
| 10 years ago · 4 Nov 2016 | ₹214.50 | +38.4% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹135.87 | +118.5% |
| Highest weekly close since March 2016, also the 52-week high · 6 Feb 2026 | ₹386.35 | −23.2% |
| Lowest weekly close since March 2016 · 5 Oct 2018 | ₹132.65 | +123.8% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹278.15 | +6.7% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 4 March 2016 to 3 November 2026.)

## What is the latest news on BPCL? 3 Nov 2026: BPCL closed at ₹296.90, up 5.3% on the week and down 1.2% 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). ## What did BPCL management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/352-26-Oct-2026.pdf). (From the call for July to September 2026, 26 October 2026.)

## What to watch in BPCL's next results? 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. - What to check (from the call)
- LPG buffer print and fresh government support decision against elevated under-recovery into November versus monthly instalment run-off. - Q3 throughput versus shutdown impact at Mumbai, Kochi and Bina from above-nameplate run and crude cover through December. ## Which stock lists is BPCL on? BPCL is on 2 of our India lists: Dividend stocks and Oil & gas stocks. - [Dividend stocks Regular dividend yield (%): 5.97](https://www.sectoralpha.in/dividend-stocks-india)
- [Oil & gas stocks Group on the list: Refiners and fuel retailers](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is BPCL profitable? 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. 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. ## How much revenue does BPCL make, and is it growing? 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. 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). ## How much of every ₹100 of sales does BPCL keep? 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. 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. ## Is BPCL's profit turning into cash? 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. 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. ## Where does BPCL's cash go? 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. 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. ## What is BPCL's P/E ratio, and how does it compare with its own history? Bharat Petroleum Corporation Ltd's P/E is 9.2×, in the middle of its own history: higher than 48% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +93.8% while the price moved −16.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +7.2% a year; about +2.5% a year came from earnings growth and about +4.7 percentage points from the multiple (the market paying more); over 10 years the price moved +3.3% a year; about +5.6% a year came from earnings growth and about −2.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the BPCL business getting better or worse? Bharat Petroleum Corporation Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −25.6% in the latest quarter, against +1160.4% at its best in 12 quarters, with ROCE falling at 17.2%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does BPCL earn on its capital? Bharat Petroleum Corporation Ltd earned a ROCE of 26% in FY26. That is up from a low of 7% in FY23. Its return on capital used (ROIC) is 1.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.7% net margin and 1.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.7% net margin × 1.83× asset turnover × 2.48× leverage (assets divided by equity) ≈ 25.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.8% − 12.0% = −1.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 10.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 19.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does BPCL have too much debt? Bharat Petroleum Corporation Ltd has total debt of ₹63,075 Cr against shareholder equity of ₹1,01,464 Cr as of Sep 2026, so its debt is 0.62× its equity. Year by year, that ratio went from 1.24 in FY22 to 0.54 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the BPCL shareholding pattern? Foreign institutions raised their stake in Bharat Petroleum Corporation Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 16.7% of the company. Domestic institutions moved −0.5 points over the same period, to 21.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +1.3 points over 8 quarters, to 16.7%; Domestic institutions: −0.5 points over 8 quarters, to 21.6%; Promoters: +0.0 points over 8 quarters, to 53.0%. Why the owners changed: foreign institutions drove it (+1.3 points), with the other side taken by domestic institutions (−0.5 points). They raised their stake step by step. ## How far is BPCL from balance-sheet trouble? For Bharat Petroleum Corporation Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does BPCL rank in its industry? 35.9 out of 100, rank 6 of 7 in Refineries, with 90% of the evidence available. Bharat Petroleum Corporation Ltd scores 35.9 out of 100 against the 7 companies it is compared with in Refineries, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 7.1 + 15.1 + 8.8 + 4.9 = 35.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is BPCL compared with? BPCL ranks 6 of 7 Refineries companies on the 4-Factor Sector Score, with 35.9 out of 100. 1. [Chennai Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/chennai-petroleum-corporation-ltd) CHENNPETRO · leader · Sector-leading setup · 83% evidence 81.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Revenue 31.2% · Profit 100% · Operating margin change 9 points · 100% evidence Capital efficiency 20.5/25 · ROCE 34.9% · Operating margin 16% · 100% evidence Valuation 11.0/20 · P/E 4× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 30.8% · Lead over NIFTY 500 42.9% · 1 year 54.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.9 + 20.5 + 11 + 19 = 81.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Gandhar Oil Refinery (India) Ltd](https://www.sectoralpha.in/stocks/gandhar-oil-refinery-indialtd) GANDHAR · leader · Most evidence points up · 82% evidence 71.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 48.3% · Profit 100% · Operating margin change 10 points · 95% evidence Capital efficiency 12.2/25 · ROCE 13.3% · Operating margin 16% · 76% evidence Valuation 13.8/20 · P/E 5.4× · PEG n/a · 50% evidence Relative strength 16.3/20 · Lead over its industry 31.2% · Lead over NIFTY 500 42.5% · 1 year 86.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 12.2 + 13.8 + 16.3 = 71.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Mangalore Refinery And Petrochemicals Ltd](https://www.sectoralpha.in/stocks/mangalore-refinery-and-petrochemicals-ltd) MRPL · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Revenue 38.1% · Profit 100% · Operating margin change 3 points · 100% evidence Capital efficiency 12.4/25 · ROCE 18% · Operating margin 10% · 100% evidence Valuation 15.5/20 · P/E 7.3× · PEG 0.55 · 100% evidence Relative strength 13.6/20 · Lead over its industry -1.6% · Lead over NIFTY 500 8.3% · 1 year 4.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.6 + 12.4 + 15.5 + 13.6 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Indian Oil Corporation Ltd](https://www.sectoralpha.in/stocks/indian-oil-corporation-ltd) IOC · turning · Evidence leans up · 82% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 22.8% · Profit 96.1% · Operating margin change 4 points · 95% evidence Capital efficiency 13.9/25 · ROCE 18.7% · Operating margin 13% · 76% evidence Valuation 13.4/20 · P/E 3.9× · PEG n/a · 50% evidence Relative strength 6.7/20 · Lead over its industry -16.8% · Lead over NIFTY 500 -8.1% · 1 year -21.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.7 + 13.9 + 13.4 + 6.7 = 58.7 · What this means: Earnings are strong; relative strength in its sector is -16.8% and the one-year return is -21.5%. 5. [Reliance Industries Ltd](https://www.sectoralpha.in/stocks/reliance-industries-ltd) RELIANCE · basing · Evidence leans down · 100% evidence 37.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 19.9% · Profit -1.8% · Operating margin change -1 points · 100% evidence Capital efficiency 10.9/25 · ROCE 10.3% · Operating margin 17% · 100% evidence Valuation 12.1/20 · P/E 19.2× · PEG 0.55 · 100% evidence Relative strength 1.8/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -10.5% · 1 year -21.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.9 + 10.9 + 12.1 + 1.8 = 37.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Bharat Petroleum Corporation Ltd this page BPCL · quiet · Evidence leans down · 90% evidence 35.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.1/35 · Revenue 21.8% · Profit -25.6% · Operating margin change -3 points · 100% evidence Capital efficiency 15.1/25 · ROCE 25.6% · Operating margin 6% · 100% evidence Valuation 8.8/20 · P/E 8.8× · PEG n/a · 50% evidence Relative strength 4.9/20 · Lead over its industry -16.6% · Lead over NIFTY 500 -7.9% · 1 year -20.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 7.1 + 15.1 + 8.8 + 4.9 = 35.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Hindustan Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/hindustan-petroleum-corporation-ltd) HINDPETRO · basing · Most evidence points down · 93% evidence 34.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.8/35 · Revenue 16.9% · Profit -80% · Operating margin change 0 points · 100% evidence Capital efficiency 12.3/25 · ROCE 22.2% · Operating margin 7% · 100% evidence Valuation 13.5/20 · P/E 50.4× · PEG 0.51 · 65% evidence Relative strength 2.6/20 · Lead over its industry -18.8% · Lead over NIFTY 500 -10.2% · 1 year -28.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 5.8 + 12.3 + 13.5 + 2.6 = 34.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Refineries](https://www.sectoralpha.in/sectors/refineries), all 7 compared on one page. ## Which companies are close to BPCL in size? BPCL is the 3rd largest of 7 Refineries companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Reliance Industries and Indian Oil Corporation. Just below it: Hindustan Petroleum Corporation, Mangalore Refinery And Petrochemicals, Chennai Petroleum Corporation and Gandhar Oil Refinery (India). ### Refineries companies close in size

1. [Reliance Industries Ltd](https://www.sectoralpha.in/stocks/reliance-industries-ltd) ₹15,76,405 crore
2. [Indian Oil Corporation Ltd](https://www.sectoralpha.in/stocks/indian-oil-corporation-ltd) ₹1,83,788 crore
3. Bharat Petroleum Corporation Ltd ₹1,23,604 crore
4. [Hindustan Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/hindustan-petroleum-corporation-ltd) ₹72,463 crore
5. [Mangalore Refinery And Petrochemicals Ltd](https://www.sectoralpha.in/stocks/mangalore-refinery-and-petrochemicals-ltd) ₹30,346 crore
6. [Chennai Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/chennai-petroleum-corporation-ltd) ₹22,508 crore
7. [Gandhar Oil Refinery (India) Ltd](https://www.sectoralpha.in/stocks/gandhar-oil-refinery-indialtd) ₹2,444 crore

[All 7 Refineries companies, largest first](https://www.sectoralpha.in/sectors/refineries#all-companies)

### Companies close in size in other industries

1. [LTM Ltd](https://www.sectoralpha.in/stocks/ltm-ltd) ₹1,25,583 crore · IT - Software
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3. Bharat Petroleum Corporation Ltd ₹1,23,604 crore
4. [Cummins India Ltd](https://www.sectoralpha.in/stocks/cummins-india-ltd) ₹1,23,426 crore · Gensets
5. [Bank of Baroda](https://www.sectoralpha.in/stocks/bank-of-baroda) ₹1,23,389 crore · Banks - PSU

## What else do people ask about BPCL? ### What is BPCL's share price today? Bharat Petroleum Corporation Ltd's share price is ₹296.90, −16.8% over the past year. The whole company is worth ₹1,28,765 Cr on the market. In the last 52 weeks it traded between ₹278 to ₹386; today it is 17% of the way up from the low, 5.1% below its 200-day average (as of 3 November 2026). ### What were BPCL's latest quarterly results? Bharat Petroleum Corporation Ltd reported revenue of ₹1,49,080 Cr and net profit of ₹4,863 Cr for the Sep 2026 quarter. Revenue rose 42.1% and profit fell 21.5% compared with a year earlier. Earnings per share were ₹11.21. The operating margin was 6.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is BPCL's market cap? Bharat Petroleum Corporation Ltd's market capitalisation is ₹1,28,765 Cr at a share price of ₹296.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is BPCL performing? Bharat Petroleum Corporation Ltd's share price has been falling for 30 weeks. In its latest quarter, revenue rose 42.1% and profit fell 21.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will BPCL's share price go up? This page does not forecast Bharat Petroleum Corporation Ltd's share price. What it shows instead: the share price is ₹296.90, and it has been falling for 30 weeks. Its P/E of 9.2× is higher than 48% of its own last 11 years (as of 3 November 2026). ### Does BPCL have too much debt? Bharat Petroleum Corporation Ltd has a moderate amount of debt: its debt is 0.54× its equity, and its operating profit is 14 times its interest bill. FY26 borrowings were ₹54,424 Cr against equity of ₹1,00,171 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is BPCL in its business cycle? Bharat Petroleum Corporation Ltd's FY26 operating margin was 9.0%, against a 13-year range of 2.3% to 10.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the BPCL story? The main question: yearly earnings per share moved +93.8% while the share price moved −16.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is BPCL a stock worth studying right now? What the numbers show: Bharat Petroleum Corporation Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a BPCL share price forecast for 2026? What management itself guided: FY27 capital spending ₹25,000 crore, may exceed by 5-10 percent on project progress. ## Lists

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