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23587.50

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78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

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Nifty
Sensex

:
:

23587.50
78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

Gulf Oil Lubricants India Ltd.

Lubricants

Rating :

N/A

BSE: 538567 | NSE: GULFOILLUB

Watchlist

NSE BSE

1171.00

20-Dec-2024

Open
High
Low
Previous Close

1205.15
1224.95
1160.50
1194.55

Volume
Traded Value (lacs)
52 Week High
52 Week Low

223015
2667.79
1513.55
703.05

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,770.28
17.17
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,311.93
3.07%
4.22

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

13.00
14.84
14.63

EBITDA CAGR (%)

10 Years
5 Years
3 Years

12.69
7.77
7.98

PAT CAGR (%)

10 Years
5 Years
3 Years

14.81
8.75
13.42

P:E (Median)

8 Years
5 Years
3 Years

11.60
11.60
11.60

P:BV (Average)

8 Years
5 Years
3 Years

2.95
2.95
2.95

EV:EBITDA (Average)

8 Years
5 Years
3 Years

7.60
7.60
7.60

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 62.79 72.87 82.45 93.39
P/E Ratio 17.54 15.11 13.36 11.79
Revenue 3276 3621 3990 4387
EBITDA 419 475 532 594
Net Income 308 358 405 459
ROA 14.1
P/Bk Ratio 4.18 3.8 3.47 3.18
ROE 24.91 26.35 27.23 28.47
FCFF 363.16 240.73 298.6 313.05
FCFF Yield 7.12 4.72 5.85 6.14

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 849.33 802.30 5.86% 885.07 811.71 9.04% 852.82 792.05 7.67% 817.26 781.10 4.63%
Expenses 742.17 701.82 5.75% 768.83 718.92 6.94% 737.78 704.51 4.72% 706.20 691.08 2.19%
EBITDA 107.15 100.48 6.64% 116.24 92.79 25.27% 115.04 87.54 31.41% 111.06 90.02 23.37%
EBIDTM 12.62% 12.52% 13.13% 11.43% 13.49% 11.05% 13.59% 11.52%
Other Income 23.25 17.06 36.28% 17.29 14.26 21.25% 18.50 13.82 33.86% 16.64 14.27 16.61%
Interest 6.29 7.40 -15.00% 4.51 4.41 2.27% 5.61 6.64 -15.51% 8.19 10.26 -20.18%
Depreciation 10.72 11.13 -3.68% 10.82 10.86 -0.37% 13.73 10.70 28.32% 11.05 9.72 13.68%
PBT 113.39 99.02 14.51% 118.20 91.77 28.80% 114.20 84.02 35.92% 108.47 84.31 28.66%
Tax 28.95 25.38 14.07% 30.18 23.48 28.53% 28.76 21.85 31.62% 27.73 21.66 28.02%
PAT 84.44 73.63 14.68% 88.02 68.30 28.87% 85.43 62.17 37.41% 80.74 62.65 28.87%
PATM 9.94% 9.18% 9.95% 8.41% 10.02% 7.85% 9.88% 8.02%
EPS 17.16 14.97 14.63% 17.89 13.88 28.89% 17.36 12.64 37.34% 16.41 12.73 28.91%

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 863.98 802.30 7.69% 894.04 811.71 10.14% 869.63 792.05 9.79% 817.51 781.10 4.66%
Expenses 756.63 701.82 7.81% 780.42 718.92 8.55% 752.34 704.51 6.79% 707.07 691.08 2.31%
EBITDA 107.35 100.48 6.84% 113.63 92.79 22.46% 117.29 87.54 33.98% 110.44 90.02 22.68%
EBIDTM 12.42% 12.52% 12.71% 11.43% 13.49% 11.05% 13.51% 11.52%
Other Income 23.76 17.06 39.27% 18.18 14.26 27.49% 19.55 13.82 41.46% 17.26 14.27 20.95%
Interest 6.56 7.40 -11.35% 4.67 4.41 5.90% 5.79 6.64 -12.80% 8.30 10.26 -19.10%
Depreciation 13.15 11.13 18.15% 13.20 10.86 21.55% 16.12 10.70 50.65% 12.64 9.72 30.04%
PBT 111.40 99.02 12.50% 113.93 91.77 24.15% 114.93 84.02 36.79% 106.76 84.31 26.63%
Tax 28.47 25.38 12.17% 29.46 23.48 25.47% 28.06 21.85 28.42% 27.36 21.66 26.32%
PAT 82.93 73.63 12.63% 84.47 68.30 23.67% 86.87 62.17 39.73% 79.40 62.65 26.74%
PATM 9.60% 9.18% 9.45% 8.41% 9.99% 7.85% 9.71% 8.02%
EPS 17.00 15.00 13.33% 17.49 13.88 26.01% 17.54 12.68 38.33% 16.32 12.78 27.70%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 3,404.48 3,284.10 2,999.10 2,191.64 1,652.21 1,644.15 1,705.80 1,332.26 1,086.79 1,011.35 967.48 Net Sales Growth 6.82% 9.50% 36.84% 32.65% 0.49% -3.61% 28.04% 22.59% 7.46% 4.53% Cost Of Goods Sold 1,982.93 1,701.37 1,645.96 1,147.38 787.48 733.63 829.38 618.59 531.05 490.56 532.27 Gross Profit 1,421.55 1,582.74 1,353.13 1,044.25 864.73 910.53 876.42 713.67 555.74 520.80 435.21 GP Margin 41.76% 48.19% 45.12% 47.65% 52.34% 55.38% 51.38% 53.57% 51.14% 51.50% 44.98% Total Expenditure 2,954.98 2,866.63 2,657.24 1,906.18 1,387.52 1,356.97 1,423.24 1,096.79 909.69 853.15 841.10 Power & Fuel Cost - 5.43 5.52 4.40 4.17 4.26 4.69 3.24 2.79 2.37 2.17 % Of Sales - 0.17% 0.18% 0.20% 0.25% 0.26% 0.27% 0.24% 0.26% 0.23% 0.22% Employee Cost - 149.43 135.21 116.78 116.46 113.99 101.74 82.56 70.78 57.44 43.98 % Of Sales - 4.55% 4.51% 5.33% 7.05% 6.93% 5.96% 6.20% 6.51% 5.68% 4.55% Manufacturing Exp. - 297.18 273.48 212.35 143.60 143.55 155.10 116.87 95.06 86.65 80.58 % Of Sales - 9.05% 9.12% 9.69% 8.69% 8.73% 9.09% 8.77% 8.75% 8.57% 8.33% General & Admin Exp. - 51.80 44.98 26.43 22.00 31.99 35.23 31.67 26.79 23.65 20.98 % Of Sales - 1.58% 1.50% 1.21% 1.33% 1.95% 2.07% 2.38% 2.47% 2.34% 2.17% Selling & Distn. Exp. - 636.51 530.50 382.51 297.76 316.09 280.54 231.90 171.70 181.44 150.09 % Of Sales - 19.38% 17.69% 17.45% 18.02% 19.23% 16.45% 17.41% 15.80% 17.94% 15.51% Miscellaneous Exp. - 24.92 21.59 16.33 16.05 13.46 16.57 11.97 11.52 11.03 150.09 % Of Sales - 0.76% 0.72% 0.75% 0.97% 0.82% 0.97% 0.90% 1.06% 1.09% 1.14% EBITDA 449.49 417.47 341.86 285.46 264.69 287.18 282.56 235.47 177.10 158.20 126.38 EBITDA Margin 13.20% 12.71% 11.40% 13.02% 16.02% 17.47% 16.56% 17.67% 16.30% 15.64% 13.06% Other Income 75.68 68.37 48.09 44.22 52.56 34.89 30.03 26.35 21.06 18.89 12.23 Interest 24.60 25.61 37.64 9.62 14.64 24.83 15.16 8.53 9.82 17.79 17.75 Depreciation 46.32 46.77 39.61 35.72 33.87 32.70 22.36 10.43 7.25 6.04 4.82 PBT 454.26 413.46 312.70 284.34 268.74 264.54 275.07 242.86 181.08 153.26 116.04 Tax 115.62 105.36 80.40 73.26 68.65 62.02 97.29 84.30 63.53 52.95 38.63 Tax Rate 25.45% 25.48% 25.71% 25.76% 25.55% 23.44% 35.37% 34.71% 35.08% 34.55% 33.29% PAT 338.63 308.10 232.30 211.08 200.09 202.52 177.78 158.56 117.56 100.31 77.41 PAT before Minority Interest 338.63 308.10 232.30 211.08 200.09 202.52 177.78 158.56 117.56 100.31 77.41 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 9.95% 9.38% 7.75% 9.63% 12.11% 12.32% 10.42% 11.90% 10.82% 9.92% 8.00% PAT Growth 26.95% 32.63% 10.05% 5.49% -1.20% 13.92% 12.12% 34.88% 17.20% 29.58% EPS 68.83 62.62 47.22 42.90 40.67 41.16 36.13 32.23 23.89 20.39 15.73

Description TTM Mar 24 Mar 23 Mar 22
Net Sales 3,445.16 3,301.15 2,999.10 2,191.64 Net Sales Growth 8.09% 10.07% 36.84% Cost Of Goods Sold 2,009.54 1,709.61 1,645.96 1,147.38 Gross Profit 1,435.62 1,591.54 1,353.13 1,044.25 GP Margin 41.67% 48.21% 45.12% 47.65% Total Expenditure 2,996.46 2,882.05 2,657.24 1,906.18 Power & Fuel Cost - 5.47 5.52 4.40 % Of Sales - 0.17% 0.18% 0.20% Employee Cost - 150.70 135.21 116.78 % Of Sales - 4.57% 4.51% 5.33% Manufacturing Exp. - 297.35 273.48 212.35 % Of Sales - 9.01% 9.12% 9.69% General & Admin Exp. - 56.96 44.98 26.43 % Of Sales - 1.73% 1.50% 1.21% Selling & Distn. Exp. - 636.95 530.50 382.51 % Of Sales - 19.29% 17.69% 17.45% Miscellaneous Exp. - 25.02 21.59 16.33 % Of Sales - 0.76% 0.72% 0.75% EBITDA 448.71 419.10 341.86 285.46 EBITDA Margin 13.02% 12.70% 11.40% 13.02% Other Income 78.75 70.23 48.09 44.22 Interest 25.32 26.11 37.64 9.62 Depreciation 55.11 50.74 39.61 35.72 PBT 447.02 412.48 312.70 284.34 Tax 113.35 104.28 80.40 73.26 Tax Rate 25.36% 25.28% 25.71% 25.76% PAT 333.67 307.96 232.30 211.06 PAT before Minority Interest 336.09 308.02 232.30 211.06 Minority Interest 2.42 -0.06 0.00 0.00 PAT Margin 9.69% 9.33% 7.75% 9.63% PAT Growth 25.09% 32.57% 10.06% EPS 67.82 62.59 47.22 42.90

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 1,294.77 1,178.44 1,042.70 869.38 761.31 586.74 467.42 354.13 248.54 187.11 Share Capital 9.83 9.80 10.09 10.06 10.02 9.96 9.94 9.93 9.91 9.91 Total Reserves 1,275.02 1,157.87 1,026.89 851.37 739.98 562.26 443.72 334.32 235.74 177.19 Non-Current Liabilities 35.42 47.89 38.53 24.63 30.39 24.34 15.46 8.81 89.91 5.30 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 5.97 4.24 4.25 4.12 3.22 2.59 2.43 2.67 86.09 2.16 Current Liabilities 1,071.40 930.77 818.49 599.97 731.72 621.51 618.36 437.61 477.18 405.88 Trade Payables 494.96 390.65 270.74 289.81 258.51 195.94 222.86 133.08 130.60 96.76 Other Current Liabilities 134.34 115.58 106.69 47.78 40.54 40.72 62.08 57.20 39.17 36.81 Short Term Borrowings 329.31 331.58 357.00 197.95 353.72 283.11 248.06 178.49 194.72 215.43 Short Term Provisions 112.79 92.96 84.06 64.43 78.95 101.75 85.35 68.85 112.69 56.89 Total Liabilities 2,401.59 2,157.10 1,899.72 1,493.98 1,523.42 1,232.59 1,101.24 800.55 815.63 598.29 Net Block 250.41 277.49 273.09 253.62 280.47 270.50 260.08 117.97 106.93 89.18 Gross Block 406.48 411.21 382.60 338.22 341.38 309.10 277.64 125.16 146.90 123.66 Accumulated Depreciation 156.07 133.72 109.51 84.60 60.91 38.60 17.56 7.19 39.98 34.48 Non Current Assets 478.51 402.56 345.23 316.72 318.79 308.53 279.73 163.71 204.10 107.77 Capital Work in Progress 9.17 3.06 3.10 3.74 0.66 0.71 6.00 29.18 1.90 8.42 Non Current Investment 193.43 88.35 35.87 20.27 4.59 4.60 4.15 3.72 3.15 2.64 Long Term Loans & Adv. 10.80 10.72 9.96 10.16 10.52 10.39 9.23 12.55 91.86 7.38 Other Non Current Assets 14.71 22.95 23.21 28.94 22.55 22.33 0.26 0.28 0.26 0.14 Current Assets 1,923.08 1,754.55 1,554.49 1,177.25 1,204.63 924.07 821.50 636.85 611.54 490.52 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 484.40 471.70 476.30 376.51 328.27 338.79 236.80 149.93 156.89 141.59 Sundry Debtors 486.72 409.97 334.51 188.96 187.00 150.66 134.62 109.62 106.44 114.12 Cash & Bank 706.30 654.24 574.39 495.60 550.94 292.60 326.19 289.57 235.07 180.44 Other Current Assets 245.66 23.45 18.95 15.95 138.42 142.02 123.90 87.73 113.15 54.38 Short Term Loans & Adv. 216.45 195.18 150.34 100.23 122.36 137.36 117.92 84.23 107.29 50.82 Net Current Assets 851.68 823.77 736.00 577.29 472.91 302.55 203.15 199.23 134.35 84.64 Total Assets 2,401.59 2,157.11 1,899.72 1,493.97 1,523.42 1,232.60 1,101.23 800.56 815.64 598.29

Description Mar 24 Mar 23 Mar 22
Shareholder's Funds 1,294.61 1,178.43 1,042.68 Share Capital 9.83 9.80 10.09 Total Reserves 1,274.86 1,157.86 1,026.87 Non-Current Liabilities 59.69 47.89 38.53 Secured Loans 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 6.13 4.24 4.25 Current Liabilities 1,079.62 930.77 818.49 Trade Payables 496.96 390.65 270.74 Other Current Liabilities 136.37 115.58 106.69 Short Term Borrowings 333.13 331.58 357.00 Short Term Provisions 113.15 92.96 84.06 Total Liabilities 2,505.82 2,157.09 1,899.70 Net Block 367.74 277.49 273.09 Gross Block 527.59 411.21 382.60 Accumulated Depreciation 159.85 133.72 109.51 Non Current Assets 499.68 402.55 345.21 Capital Work in Progress 14.56 3.06 3.10 Non Current Investment 90.72 88.34 35.85 Long Term Loans & Adv. 11.94 10.72 9.96 Other Non Current Assets 14.72 22.95 23.21 Current Assets 2,006.13 1,754.55 1,554.49 Current Investments 0.00 0.00 0.00 Inventories 494.35 471.70 476.30 Sundry Debtors 501.76 409.97 334.51 Cash & Bank 757.29 654.24 574.39 Other Current Assets 252.72 23.45 18.95 Short Term Loans & Adv. 222.89 195.18 150.34 Net Current Assets 926.51 823.77 736.00 Total Assets 2,505.81 2,157.10 1,899.70

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity 348.14 273.32 -23.73 193.50 236.84 17.04 110.08 133.86 117.83 131.41 PBT 413.46 312.70 284.34 268.74 264.54 275.07 242.86 181.08 153.26 116.04 Adjustment 13.16 39.29 5.77 2.99 27.72 4.07 1.37 -0.03 12.20 15.14 Changes in Working Capital 23.73 14.76 -237.67 -23.11 28.13 -171.97 -62.66 14.36 2.11 34.01 Cash after chg. in Working capital 450.35 366.76 52.43 248.63 320.39 107.17 181.57 195.41 167.57 165.19 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -102.20 -93.43 -76.15 -55.12 -83.55 -90.13 -71.48 -61.56 -49.74 -33.77 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -57.83 30.43 -17.31 29.52 17.41 -21.86 -50.85 -10.01 -3.27 -28.61 Net Fixed Assets -1.38 -28.57 -43.74 0.08 -32.23 -26.17 -129.30 -5.54 -16.72 -98.26 Net Investments -105.08 -52.48 -15.60 -15.68 0.01 -0.45 -0.43 -0.57 -0.51 -2.64 Others 48.63 111.48 42.03 45.12 49.63 4.76 78.88 -3.90 13.96 72.29 Cash from Financing Activity -238.43 -202.12 98.15 -277.23 4.87 -29.49 8.92 -59.09 -78.75 19.64 Net Cash Inflow / Outflow 51.88 101.63 57.12 -54.22 259.12 -34.30 68.15 64.76 35.81 122.44 Opening Cash & Equivalents 650.36 548.73 491.61 545.83 286.71 321.01 252.86 188.10 152.29 0.05 Closing Cash & Equivalent 702.24 650.36 548.73 491.61 545.83 286.71 321.01 252.86 188.10 152.29

Description Mar 24 Mar 23 Mar 22
Cash From Operating Activity 341.42 273.32 -23.73 PBT 412.30 312.71 284.32 Adjustment 17.44 39.28 5.78 Changes in Working Capital 14.08 14.76 -237.67 Cash after chg. in Working capital 443.81 366.76 52.43 Interest Paid 0.00 0.00 0.00 Tax Paid -102.39 -93.43 -76.15 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -50.58 30.43 -17.31 Net Fixed Assets -1.38 -28.57 Net Investments -105.08 -52.48 Others 55.88 111.48 Cash from Financing Activity -237.98 -202.12 98.15 Net Cash Inflow / Outflow 52.87 101.63 57.12 Opening Cash & Equivalents 650.36 548.73 491.61 Closing Cash & Equivalent 703.23 650.36 548.73

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 261.32 238.22 205.64 171.23 149.68 114.91 91.28 69.36 49.56 37.74 ROA 13.52% 11.45% 12.44% 13.26% 14.70% 15.24% 16.67% 14.55% 14.19% 24.49% ROE 25.12% 21.07% 22.24% 24.83% 30.63% 34.66% 39.74% 39.86% 46.36% 82.72% ROCE 28.02% 24.08% 23.83% 25.97% 29.16% 36.61% 40.28% 39.13% 40.45% 66.47% Fixed Asset Turnover 8.03 7.56 6.08 4.86 5.06 5.81 6.84 9.26 8.64 14.17 Receivable days 49.83 45.30 43.59 41.53 37.48 30.52 32.34 31.30 34.42 37.32 Inventory Days 53.13 57.69 71.01 77.85 74.04 61.58 51.20 44.45 46.58 46.30 Payable days 95.00 73.33 89.16 127.08 60.87 53.61 60.45 54.55 49.40 21.93 Cash Conversion Cycle 7.96 29.66 25.44 -7.70 50.66 38.49 23.09 21.20 31.60 61.69 Total Debt/Equity 0.26 0.28 0.34 0.23 0.47 0.49 0.55 0.52 0.79 1.15 Interest Cover 17.14 9.31 30.56 19.36 11.65 19.15 29.47 19.43 9.62 7.54

Description Mar 24 Mar 23 Mar 22
Book Value (Rs.) 261.28 238.22 205.64 ROA 13.21% 11.45% 11.11% ROE 25.12% 21.07% 20.35% ROCE 27.94% 24.08% 21.00% Fixed Asset Turnover 7.03 7.56 5.73 Receivable days 50.40 45.30 55.71 Inventory Days 53.41 57.69 79.32 Payable days 94.75 73.33 86.13 Cash Conversion Cycle 9.06 29.66 48.91 Total Debt/Equity 0.26 0.28 0.34 Interest Cover 16.79 9.31 30.56

Top Investors:

aditya birla sun life insurance company limited

jm financial mutual fund- jm elss tax saver fund

hdfc mutual fund - hdfc multi cap fund

baroda bnp paribas manufacturing fund

investor education and protection fund (iepf)

Annual Reports:

News Update:

Gulf Oil Lubricants renews partnership with Piaggio Vehicles
17th Dec 2024, 16:43 PM

The partnership underscores a shared vision of driving innovation and delivering exceptional customer experiences in the two-wheeler segment
Read More
Gulf Oil Lubricants’ promoter sells 4.47% stake in company
30th Sep 2024, 12:40 PM

There is no further dilution in the holding anticipated by the group in the foreseeable future
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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