Gulf Oil Lubricants India share price today

Gulf Oil Lubricants India Ltd's share price was ₹1,086.30 at the close on 4 November 2026. It has been rising for 11 weeks. That is 1.1% above its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

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 Gulf Oil Lubricants India Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹889 and ₹1,224, and at that close it sat 59% of the way up from that low.

Over the last 11 years the share price moved +129% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. 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.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), promoters cut their stake for 3 quarters in a row and highest quarterly revenue in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,409 crore, +45.7% on a year earlier.

   Why: Revenue rose because the company sold more oil across all its business areas and raised prices to cover higher raw material costs. Sales grew to vehicle makers, to factories that fill new vehicles with oil, and to industrial customers, and new customers added business.

   Next results: check whether festive demand keeps sales to vehicle makers and factories growing.

   From the earnings call on 30 Oct 2026.

2. Promoters cut their stake for 3 quarters in a row

   From 67.1% to 66.8% of the company by the September 2026 quarter.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,409 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue hit a record because the company sold more oil across all its business areas and raised prices to cover higher raw material costs. Sales grew to vehicle makers, factories that fill new vehicles with oil and industrial customers, and new customers added business.

   Next results: check whether festive demand keeps sales up after this record quarter.

   From the earnings call on 30 Oct 2026.

Gulf Oil Lubricants India paid ₹51 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 4.69% at the ₹1,086.30 close on 4 November 2026. The last was a dividend of ₹30 a share, ex-date 4 September 2026.

Gulf Oil Lubricants India 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. The record date is the same day as the ex-date for every payment here.

Yes. Gulf Oil Lubricants India Ltd paid out 73% of its profit as dividends in FY26, and it paid a dividend in each of its last 5 reported years.

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

For July to September 2026 (the quarter ended 30 September 2026), Gulf Oil Lubricants India reported revenue of ₹1,409 crore, up 45.7% from ₹967 crore a year earlier, and a profit of ₹115 crore, up 36.9% from ₹84.0 crore.

Gulf Oil Lubricants India 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).

Gulf Oil Lubricants India's management discussed these results on a call held on 30 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.

Gulf Oil Lubricants India closed at ₹1,086.30 on 4 November 2026, down 11.3% from ₹1,224.10 a year earlier (7 November 2025) and up 81.5% over five years. Its highest weekly close since March 2016 was ₹1,435.15 on 20 September 2024.

Gulf Oil Lubricants India share price: then and now

Weekly closing prices. 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.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Gulf Oil Lubricants India closed at ₹1,086.30, up 5.3% on the week and down 0.6% on the month. 30 Oct 2026: Gulf Oil Lubricants India held its results call for July to September 2026. Management guided: H2 volume close to double-digit growth at 2-3 times 3-4% industry growth.

Earlier

• Results for July to September 2026: Revenue up 45.7% and profit up 36.9% on a year earlier.
• 4 Sep 2026: ex-date for a dividend of ₹30 a share.
• 13 Feb 2026: ex-date for an interim dividend of ₹21 a share.

On the call for July to September 2026, held on 30 October 2026, Gulf Oil Lubricants India's management guided: H2 volume close to double-digit growth at 2-3 times 3-4% industry growth.

“We have been able to protect our per-litre margins, which means that the cost increases have been passed on to customers and consumers on a per-litre basis.”Manish Gangwal, on the call for July to September 2026

What management guided

• Operating margin 12-14% band maintained with per-litre protection via pricing and sourcing.
• Medium-term margin trajectory to 14-16% band, not in next one to two quarters.
• AdBlue volume growth 10-15% going forward on rising BS-VI population.
• Chennai capacity on stream by end of this quarter; Silvassa readiness in Q1 next year versus March goal.

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, 30 October 2026.

When Gulf Oil Lubricants India reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Festive second-half volume to sustain industry-beating pace with OEM and industrial momentum - per H2 outlook and distribution gains.

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

Gulf Oil Lubricants India Ltd earned ₹115 Cr of net profit in the Sep 2026 quarter, +36.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹345 Cr. Over 4 years profit has grown 13.1% a year on average. That is 8.2% of the quarter's revenue.

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

The same quarter a year earlier earned ₹84.0 Cr.

For the full year, FY26 profit was ₹345 Cr (−3.4% on the year before).

Why profit moved: revenue changed +45.7% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +9.9% and revenue +24.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Gulf Oil Lubricants India Ltd reported ₹1,409 Cr of revenue in the Sep 2026 quarter, +45.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 16.6% a year on average. The last full year, FY26, came in at ₹4,056 Cr.

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

The last four reported quarters add to ₹4,809 Cr.

FY26 revenue was ₹4,056 Cr, +11.7% on the year before.

Recent pace: the last four quarters grew +24.4% on average, against 16.6% 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 +24.7%, against +18.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +8.9%, against +9.9% a year (stabilising).

Gulf Oil Lubricants India Ltd's operating margin was 12.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 11.0% and 13.0%. 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.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.5 percentage points on the year while gross margin changed −6.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 108% of Gulf Oil Lubricants India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹350 Cr of operating cash against ₹345 Cr of profit. After ₹109 Cr of spending on assets, ₹241 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 108% of profit came in as cash: the cash cycle got 78 days shorter between FY22 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 2.0× depreciation over three years. The next section checks what that spending is building.

Gulf Oil Lubricants India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 37 days in FY26, down from 115 days in FY22. It spent ₹345 Cr on assets over the last 3 years. Customers take 48 days to pay, and stock sits for 104 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 ₹4,056 Cr, each day of that cycle ties up about ₹11.1 Cr, so roughly ₹411 Cr is tied up in the business at any time.

FY26: customers took 48 days to pay and stock sat for 104 days, about 3.4 months of sales sitting as stock, for a full cycle of 37 days, shorter than FY22's 115.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 104 days. Customers pay about 48 days after that. Suppliers are paid at 115 days. Together that makes the 37-day cycle.

Spending on assets: ₹345 Cr over the last 3 years, against ₹176 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 ₹32.0 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.

Gulf Oil Lubricants India Ltd's P/E is 12.8×, in the middle of its own history: higher than 39% of past readings. Its usual P/E (the middle reading) is 14.1×, over 4.4 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 ₹81.83.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.