Bharat Petroleum Share Price

BPCL Overview

• Hydrocarbon exploration and production
• Downstream petroleum

Company Journey

• 2013-2015
  • The Environment Ministry approves a ₹4,588 crore expansion at the refinery facility of BPCL.
• 2016-2017
  • The BPCL Mumbai Refinery wins the first place in the Refinery Performance Improvement Awards’ 2016-17.
  • BPCL was awarded Maharatna status in 2017.
• 2019
  • BPCL is awarded the Golden Peacock Award for the fiscal year 2018-19.
• 2020
  • BPCL receives the Confederation of Indian Industry (CII) Environmental Project Awards at the 7th edition of the CII Environmental Best Practices Award.
• 2021
  • BPCL receives the ICC's (Indian Chamber Of Commerce) Sustainability Performance Award and Corporate Social Responsibility (CSR) Award.
  • BPCL’s corporate Research & Development (R&D) Team receives the FICCI Chemicals and Petrochemicals Award 2021 for the best green petrochemical process.

Business Highlights

• Bharat PetroResources Limited (BPRL)
• Bharat Oman Refinery Limited
• BPCL Kochi Refinery
• Bharat Gas Resources Limited
• Petronet CCK Limited
• Bharat Shell Limited
• BPRL International Ventures B.V.
• Bharat Petroleum Refinery Limited, and
• Bharat Stars Limited

Performance highlights

• BPCL has a market capitalisation of ₹66,968 crore as of 2022.
• The company earned a revenue of ₹4,32,570 crore and a profit of ₹11,682 crore in the year 2022.
• The company was given a one-time grant of ₹5582 crore for under-recoveries on domestic LPG sales.
• The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was ₹1,762 crore in September 2022. This was 68.68% lower than the EBITDA for September 2021, which was ₹5,624 crore.
• The BPCL stock is listed on several indices, including, Nifty 50, Nifty 100, Nifty 500, Nifty 200, Nifty Energy, Nifty Infrastructure, Nifty PSE, Nifty Commodities, Nifty Dividend Opportunities 50, Nifty 100 Equal Weight.
• The promoters of the company hold 52.98% of the shares of the company. Foreign Institutional Investors (FIIs) hold 13.78% of the shares and mutual fund houses hold 11.88% of the total shares of BPCL.
• Top mutual funds that hold BPCL shares include:
  • SBI Nifty 50 ETF
  • ICICI Prudential Value Discovery Fund Growth
  • HDFC Flexi Cap Fund Growth
  • HDFC Balanced Advantage Fund Growth
  • ICICI Prudential Bluechip Direct Growth
  • Bharat 22 ETF
• BPCL reported a stock price CAGR (compound annual growth rate) of -16% between 2019 and 2022. For the same period, the company’s shares have delivered a return of -40.22%.
• BPCL has reported an ROE (Return On Equity) of 22.83% and an ROCE (Return On Capital Expenditure) of 39.23%.

Management

• Mr. Vetsa Ramakrishna Gupta (Chairman andManaging Director)
• Sukhmal Kumar Jain (Marketing Director)
• Sanjay Khanna (Director - Refineries)
• Pradeep Agrawal (Independent Director)

Investor Relations Contact

Industry Overview

• Reliance Industries - ₹ 1,740,053 crore
• Oil and Natural Gas Corporation - ₹ 1,75,684 crore
• Indian Oil Corporation Limited - ₹ 98,284 crore

Risks and concerns

• BPCL has extensive risk management rules and procedures to reduce the price risk associated with crude oil, petroleum, and freight. The fluctuating prices of crude oil and freight have a direct influence on the BPCL stock price.
• Refinery margins have been hedged to safeguard the operational expenses of the company's refineries against the unfavorable price fluctuations of petroleum and crude oils on the global markets. Freight expenses on crude oil imports are hedged to guard BPCL against adverse changes in the price of international shipping freight rates.
• Costs associated with shipping, including charter fees and bunker fuel expenses. Freight Forward Agreements (FFA) are derivative instrument-based contracts used to hedge the cost of shipping. Fuel Oil (FO) exchanges and Fuel Zero Cost Collar (ZCC) choices are used to hedge the cost of bunker fuel. With set rates for upcoming months, these derivatives trades are also carried out over the counter with BPCL's registered counterparties. This is another factor that influences the BPCL share price.

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