Tag Oil And Gas

Aegis Logistics Ltd
Aegis Logistics Ltd Drops 8.45%, Leads Losers in BSE ‘A’ Group – Stock Under Pressure

Business and Industry Overview: 

Aegis Logistics Ltd. is a big company in India. It works with oil, gas, and chemicals. It is one of the largest private companies that import and supply LPG (Liquefied Petroleum Gas). The company stores and transports fuel all over India. It has large storage terminals at many ports. These terminals can hold 1.57 million KL of chemicals and petroleum products. They can also store 114,000 MT of LPG. This helps ensure that fuel is always available for homes, businesses, and industries. Aegis started in 1956. Its head office is in Mumbai. It is a public company, so people can buy and sell its shares. It is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company has a strong business in LPG. It runs AutoLPG stations where vehicles can fill with gas. It has a large network of distributors. These distributors sell LPG cylinders to homes, restaurants, hotels, and factories. The company also installs LPG systems in industries. It helps factories switch from other fuels to LPG. This makes energy use cheaper, safer, and more efficient. Aegis focuses on safety and quality. It makes sure fuel is always available, even when demand is high. Since 2008, Aegis has been working to improve its operations. It follows Lean Six Sigma and 5S techniques. These methods help make work faster and safer. They also reduce waste and protect the environment. This has helped Aegis improve fuel delivery and quality. Aegis has strong financial ratings. It has an ‘IND AA/Stable’ rating for long-term loans. It also has an ‘A1+’ rating for short-term loans from India Ratings & Research. The company has top ratings for LPG supply from CARE. Aegis follows international safety and quality standards. It has ISO 45001:2018 for worker safety. It also has ISO 14001:2015 for environmental protection. Additionally, it has ISO 9001:2015 for quality control. As of March 2025, Aegis’s stock price was ₹796. Its total market value was ₹27,929 crore. The company is growing fast. It plays a big role in India’s energy sector. Aegis helps make fuel easier to access, safer to use, and better for the environment. 

India’s oil, gas, and chemical logistics industry is growing fast. More people and businesses need fuel and chemicals every day. To meet this demand, companies are building new storage terminals and transport systems. India imports a large amount of crude oil and LPG. LPG is used for cooking, heating, and vehicles. Many industries are switching to LPG because it is cheaper and cleaner. The government is helping poor families get LPG connections through the PM Ujjwala Yojana. More hotels, restaurants, and factories are using LPG instead of coal or diesel. AutoLPG is also growing because it reduces pollution and costs less than petrol and diesel. The chemical industry in India is also expanding quickly. India produces bulk chemicals, specialty chemicals, fertilizers, and petrochemicals. These chemicals are used in food processing, personal care products, home cleaning items, and medicines. India is the 6th largest chemical producer in the world. It is the 3rd largest in Asia. The chemical industry contributes 7% to India’s GDP. Today, the industry is worth $220 billion. By 2030, it will reach $300 billion. By 2040, it will grow to $1 trillion. India exports many chemicals to other countries. Between April and September 2024, exports reached $14.09 billion. The demand for Indian chemicals is rising. Many companies that bought chemicals from China are now buying from India. Indian companies are expanding their production to meet this demand. The Dahej PCPIR project in Bharuch has received $12 billion in investment. This project will create 32,000 jobs. The PCPIR project in Paradip has received $8.84 billion. It will generate 40,000 jobs. The government is supporting the industry. It has launched Production-Linked Incentive (PLI) schemes to boost production. It has set aside $213.81 million for bulk drug parks. It has allocated $23.13 million to the Department of Chemicals and Petrochemicals. The government is opening 25,000 Jan Aushadhi Kendras. These will provide affordable medicines. It has also approved a plan for battery storage development. This will help promote clean energy. Investment in the chemical and petrochemical sector is rising. Foreign investment in chemicals (excluding fertilizers) has reached $22.70 billion since April 2000. The total investment in this sector will be $107.38 billion by 2025. On September 14, 2023, Prime Minister Narendra Modi announced development projects worth $6.11 billion. With rising demand, new investments, and government support, the oil, gas, and chemical logistics industry in India is growing fast. Companies are building new storage terminals, distribution centers, and chemical plants. This will create more jobs. It will boost businesses. It will help India become a global leader in the chemical industry. 

Aegis Logistics Ltd. is a big company in India that stores and moves oil, gas, and chemicals. It is one of the largest private LPG importers in the country. The company has big storage tanks at many ports in India. These tanks help store fuel safely before sending it to homes, businesses, and factories. Aegis has a strong network of LPG distributors and AutoLPG stations. This makes it easy for people to get LPG for cooking, vehicles, and industries. The company follows strict safety rules and uses modern technology to make work faster and safer. Aegis also helps industries switch to LPG, which is cleaner and more efficient. Since 2008, Aegis has worked to improve its services by using better methods like Lean Six Sigma. It has good credit ratings, which help it borrow money at low interest rates to grow its business. Aegis competes with government oil companies and smaller firms. But its large storage, fast service, and strong network make it better than many competitors. As India’s demand for LPG and chemicals grows, Aegis has big opportunities to expand in the future. 

Latest Stock News: 

On March 28, 2025, Aegis Logistics Ltd.’s stock price dropped by 8.45%. The price fell to ₹826.85. It was the biggest loser in the BSE’s ‘A’ group that day. A total of 1.19 lakh shares were traded. This was much higher than the usual daily average of 52,752 shares in the past month. The sudden drop may be due to market conditions, investor reactions, or company news. Earlier, on January 6, 2025, the stock had gone up. It reached ₹923.05 on the BSE. On the NSE, it touched ₹924.6. This shows that the stock has been moving up and down a lot. On February 6, 2025, Aegis Logistics made an announcement. The company said a Board Meeting would be held on February 12, 2025. The purpose was to check and approve financial results. These results were for the quarter and nine months ending December 31, 2024. Financial results show the company’s income, expenses, and overall performance. 

If the results are good, the stock price may rise. If the results are bad, the stock price may fall. Aegis Logistics’ stock has been changing a lot in 2025. Investors should follow news about the company. They should also check market trends to understand future stock movements. 

Potentials: 

Aegis Logistics wants to grow its business. It plans to build more storage terminals at big ports in India. These terminals will store oil, gas, and chemicals. More storage will help the company serve more customers. The company is focusing on its LPG business. It will open more Autogas stations for vehicles. It will also expand its LPG supply to homes, businesses, and industries. Aegis helps industries switch from other fuels to LPG. LPG is a cleaner and cheaper fuel. Aegis is using better technology. It wants to make storage and transport safer and faster. The company is improving safety to reduce risks. It follows special work methods to make operations better and faster. Aegis is looking for new business copportunities. It may expand to other countries. It also wants to work with other companies. This will help Aegis reach more customers. The company cares about the environment. It follows rules to reduce pollution. It is also working on cleaner fuel solutions. This will help India’s clean energy goals. Aegis wants to stay a leader in its industry. It will keep expanding, improving safety, and using new technology. It will also focus on eco-friendly practices. These steps will help Aegis grow and serve more people. 

Analyst Insights: 

  • Market Cap: ₹28,271 Cr. 
  • Current Price: ₹805 
  • 52-Week High/Low: ₹1,037 / ₹430 
  • Stock P/E: 48.9 
  • Book Value: ₹117 
  • Dividend Yield: 0.81% 
  • ROCE: 14.7% 
  • ROE: 15.1% 

Aegis Logistics has grown well in the last few years. Its profits have increased by 20.5% every year in the last five years. This means the company is making more money every year. It is also keeping more profit from its sales. Earlier, it kept ₹8 as profit from every ₹100 earned. Now, it keeps ₹13-₹14. The company is handling its money better. Earlier, it took 66 days to get payments from customers. Now, it takes only 26 days. This helps the company use its cash faster. It is also using its money wisely. The return on capital is 14.7%, which is a good sign. Sales are growing fast. They have increased by 22% every year in the last three years. The stock price has also grown by 56% every year in the last five years. But the stock is expensive now. Its P/E ratio is 48.9, which is higher than many similar companies. This means investors are paying a high price for each rupee of profit. One risk is the company’s high debt of ₹4,374 crore. This can be a problem if interest rates go up or if the company faces any trouble. But the company also pays 36% of its profits as dividends. This is good for investors who want regular income. Aegis Logistics is a strong company with good growth. But its high price and large debt are risks to consider before investing. 

MRPL Ltd
MRPL Surges: Short-Term Gains Amid Market Recovery & Long-Term Growth Prospects

Business and Industry Overview: 

Mangalore Refinery and Petrochemicals Limited (MRPL) is a major oil refinery in India and is part of Oil and Natural Gas Corporation (ONGC), which is owned by the Government of India. MRPL was established in 1988 and is located in Katipalla, a suburb north of Mangalore in Karnataka. To build the refinery, five villages—Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi—had to be relocated. The refinery at MRPL is known for its flexibility. It can process crude oil from different sources with varying qualities. It has a large capacity to process 15 million metric tonnes of crude oil each year. This makes it one of the larger refineries in India. MRPL is unique because it has two hydrocrackers that produce high-quality diesel, which is known as high cetane diesel. This is important for making cleaner, more efficient fuel. Additionally, the refinery has a polypropylene unit that can produce 0.44 million metric tonnes of polypropylene each year, which is used in the production of plastics. MRPL is one of only two refineries in India that have two Continuous Catalytic Reformers (CCRs). These units produce high-octane unleaded petrol, which is used in cars and other vehicles. The refinery currently processes around 14.65 million metric tonnes of crude oil every year, slightly less than its maximum capacity of 15 million metric tonnes. MRPL was initially a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the A.V. Birla Group to build a refinery that would help meet India’s growing demand for petroleum products. The refinery started with a small capacity of 3 million metric tonnes per year. Over the years, it has grown and expanded its processing capacity.

Today, MRPL continues to play a key role in India’s oil refining and petrochemical industries. The company’s operations are not just limited to refining crude oil; it also focuses on producing petrochemicals and meeting the country’s growing demand for energy products. It remains a critical part of the country’s energy security and plays a vital role in the refining sector. 

India’s oil and gas industry is very important for the country. India uses a lot of oil for cars, factories, and electricity. In the future, India will need even more oil. By 2045, the country’s demand for oil is expected to double. Diesel will be used a lot, making up most of the oil used in the country. India is also using more natural gas. This is because natural gas is cleaner than other types of fuel. It is being used more in power plants and factories. The country will need more gas in the future. India does not have enough oil, so it buys oil from other countries. In 2024, India’s oil imports increased. To keep up with the demand, India is increasing its ability to refine oil. The country plans to add more refining capacity to make more products like diesel and gasoline. The government is also making sure that India has enough oil reserves for emergencies. They are building more storage for oil. This will help when prices go up or if there are problems with the oil supply. To help the industry grow, the government is making it easier for foreign companies to invest in India’s oil and gas sector. The government has also set rules to support clean fuels, like ethanol and biogas. In short, India’s oil and gas industry is growing because the country needs more energy. The government is helping by making policies to support the industry and encouraging investment. This will help India power its cars, factories, and homes in the future. 

Mangalore Refinery and Petrochemicals Limited (MRPL) is a big company in India’s oil industry. It is owned by ONGC, one of India’s largest and most trusted oil companies. Being owned by ONGC gives MRPL financial strength and helps it gain trust in the market. MRPL has a special advantage because it can process different types of crude oil. This means the company can adjust to changes in the market. It is the only refinery in India with two hydrocrackers. These machines help make high-quality diesel, which is important for transport and industries. MRPL is also one of the only two refineries in India that have two machines called Continuous Catalytic Reformers (CCRs). These machines help make high-octane petrol, which is needed for cars and other vehicles. MRPL can process 15 million metric tonnes of crude oil every year. This is a huge amount and helps meet the country’s growing demand for petroleum products. MRPL also makes polypropylene, which is a material used to make many products like plastic, packaging, and clothes. This adds more value to MRPL’s business. The link with ONGC is very important for MRPL. ONGC is a huge and trusted company. This connection helps MRPL with money, technology, and experience. ONGC also gives MRPL access to many customers in India and abroad. Since ONGC took control of MRPL, the company has grown. MRPL is focused on growing its refining capacity to meet future demand. It is also working on better technology to be more eco-friendly and reduce pollution. 

In short, MRPL is a strong company because it can process many types of crude oil, produce high-quality products, and has the support of ONGC. This makes MRPL a key player in India’s oil and gas industry. 

Latest Stock News: 

The stock price of Mangalore Refinery and Petrochemicals Limited (MRPL) has been moving up after a period of small declines and sideways movement. On March 22, 2025, the stock was priced at ₹117.88 on the National Stock Exchange (NSE), showing a positive change. This rise in stock price can be seen as a breakout from a narrow trading range, indicating that the stock is now in an upward trend. The Relative Strength Index (RSI) on both intraday and daily charts is showing positive signals, which means the stock may continue to rise. Also, the candlestick patterns on these charts suggest that the stock is likely to go higher. MRPL’s Gross Refining Margin (GRM) improved to $10.36 per barrel for the full year, up from $9.88 per barrel the previous year, showing good performance in refining. The company also reported a profit after tax (PAT) of ₹3,596 crore for FY2023- 24, which is 36.32% higher than the previous year. Because of these good results and the positive chart patterns, HDFC Securities has recommended buying MRPL shares as a short-term investment, suggesting that now is a good time to invest in the stock. 

Potentials: 

MRPL has big plans for its future. Right now, it is focusing on changing the way it works. Instead of selling fuel to other countries, it wants to sell more fuel directly to people in southern India. MRPL plans to grow its network of petrol stations from just 71 to 1,800 by 2027. This will help the company earn steady money because it will be selling directly to customers. Apart from selling fuel, MRPL also wants to grow its business in chemicals. It plans to spend ₹47,000 crore (around $5.7 billion) to build a new factory in Karnataka. This factory will make chemicals used in making plastic and paint. These are products that will always be in demand, so this is a smart move for MRPL. The factory will be ready in 3 to 5 years. Another part of MRPL’s plan is to build a new plant that will make ethanol from farming waste. This will help the company use things like corn and cotton stalks to make ethanol, which is good for the environment. They are also working on improving their pollution control systems to meet strict rules. 

Analyst Insights: 

  • Market capitalisation: ₹ 23,753 Cr. 
  • Current Price:₹ 136 
  • 52-Week High/Low: ₹ 260 / 98.9 
  • Stock P/E: 28.6 
  • Dividend Yield: 2.21% 
  • Return on Capital Employed (ROCE): 25.8% 
  • Return on Equity: 31.9% 

MRPL is also making its power systems better and updating its refinery to improve production. They are setting up a new plant to make a special chemical used in medicines and perfumes. This will allow MRPL to make this chemical on its own without relying on others. All of these plans show that MRPL wants to grow its business, follow environmental rules, and keep up with changes in the industry. 

Mangalore Refinery and Petrochemicals Ltd (MRPL) has shown good growth over the years. Its net profit has increased by 60% each year for the past five years. This shows that the company is doing well in making money. The company has a return on equity (ROE) of 17%, which means it is earning a good return on the money invested by its shareholders. 

MRPLcano refines 15 million metric tonnes of oil per year. This large refining capacity helps the company produce a lot of fuel and petrochemical products, which are in high demand. The company also has an operating profit margin of 12%, which means it keeps a good share of the revenue it generates after costs. 

The company is financially stable, with a debt-to-equity ratio of 0.3. This low ratio shows that it does not rely too much on borrowing to run its business. MRPL has 101 fuel stations and plans to open more in the future, helping it grow its retail business. 

Even though MRPL’s profits dropped slightly in the last quarter, it has shown consistent growth in the past. The company’s average yearly revenue growth is 8%, showing that it is still growing in the long term. All of these factors point to MRPL being a strong company with a good future ahead. 

Oil India Ltd
Oil India Ltd. (OIL) Stock Near 52-Week Low: Should You Buy, Hold, or Sell?

Business and Industry Overview:

Oil India Ltd (OIL) is a government company that finds, produces, and transports crude oil, natural gas, and LPG. It works under the Ministry of Petroleum and Natural Gas and has Maharatna status, making it one of India’s top public companies. Its main office is in Duliajan, Assam, with other offices in Noida, Kolkata, Guwahati, and Jodhpur. It was first found in Digboi, Assam, in 1889. The company started in 1959 as a joint venture between Burmah Oil Company and the Indian government. In 1982, the government took full control. In 1995, it became a public company. It produces crude oil, natural gas, and LPG every year. Most of the oil and gas comes from Northeast India. The company also works in Rajasthan, Andhra Pradesh, Orissa, Tamil Nadu, Mizoram, and Arunachal Pradesh. OIL has over 100,000 square kilometers of land to find more oil and gas. It also works in Libya, Gabon, Nigeria, Sudan, Venezuela, Mozambique, Yemen, Iran, Bangladesh, and the USA. 

OIL owns a pipeline from Duliajan to Barauni, Bihar to transport crude oil. It also bought Numaligarh Refinery Limited, making it a subsidiary. The company has found new oil and gas in Mozambique, Gabon, and Libya and invested in shale oil in the USA. OIL is looking for more oil and gas in Northeast India. It has started projects in Assam, Arunachal Pradesh, and Mizoram to find oil in difficult places. The company has over 100 years of experience and is growing in India and other countries. 

With India targeting to achieve a $5 trillion economy by 2025–26, there is a huge surge in the petrochemical industry to fulfil the demand of the growing economy. Petrochemicals would fuel various industries that will contribute to the growth of the economy, such as agriculture, automotive, packaging, construction, manufacturing, and many more. Hence, this industry cannot be ignored, and the petrochemical demand is expected to reach $1 trillion by 2040. Recently, the Government of India has taken various initiatives, including 100% FDI through automatic routes, establishing Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIRs). It is also setting up infrastructure like 10-plus plastic parks which are to be executed between 2020 and 2035. OIL maintained an industry leadership position with a market share of 44.6% and sales volume of 85.8 MMT.  

Latest Stock News: 

Oil India Ltd’s stock price is ₹345.15, down 5.67% today at 13:19 IST on the NSE. The stock has been falling for five days in a row, dropping a total of 12.08%. In the past year, it has fallen 5.27%, while the NIFTY index has gone up by 0.67%. However, the Nifty Energy index (which includes Oil India Ltd) has dropped 22.84% in the same period. 

In the past one month, Oil India Ltd’s stock has dropped 15.31%, while the Nifty Energy index has fallen 8.09%. The trading volume today is 29.77 lakh shares, close to the monthly average of 29.69 lakh shares. 

The March futures contract for Oil India Ltd is trading at ₹346.95, down 5.76% today. The stock is still above its 52-week low but is trading below key moving averages, showing a bearish trend. However, the company offers a high dividend yield of 5.02%, which may attract long-term investors. The price-to-earnings (P/E) ratio of the stock is 9.08 based on its earnings up to December 2024. 

Oil India Ltd has partnered with Mineral Exploration and Consultancy Limited (MECL) to explore and develop important minerals in India and other countries. This will help India’s energy security and growth. Recently, the company’s revenue dropped 13% from ₹9,614 crore in Q3FY24 to ₹8,337 crore in Q3FY25, but it increased 15% from the last quarter. Net profit fell 44% in one year and 29% from the last quarter. The company plans to produce more oil and gas, aiming for 4 million tons of oil and 5 BCM of gas annually. The IGGL and DNPL pipelines will improve gas transport and meet growing demand. Oil India will invest ₹6,000–7,000 crore over three years, mainly for drilling in Assam, Rajasthan, and Andaman. The Numaligarh Refinery is expanding from 3 million to 9 million tons with an investment of ₹32,000 crore. Oil India focuses on crude oil, natural gas, LPG, pipelines, and renewable energy. 

Potentials:

Oil India Limited has big plans for the future. It wants to reduce pollution and become a net-zero emissions company by 2040. To do this, it will use clean energy like natural gas, solar, and wind power. It also plans to reduce methane gas pollution by 2030 and invest in new green technology. 

The company will increase oil and gas production by tripling refining capacity and doubling gas production in the next five to six years. It will also build a gas pipeline to connect the North Brahmaputra fields. 

For the environment, Oil India plans to save more water, stop using single-use plastic, and reduce waste gas burning (flaring) by 2030. It also aims to protect forests, cut methane pollution, and lower its carbon footprint. 

Oil India is also investing in new technologies and combining them with its current work. This will help the company grow while supporting India’s clean energy goals. 

Analyst Insights:

  • Market capitalisation: 55,744 Cr. 
  • Current Price: ₹ 343 
  • 52-Week High/Low: ₹ 768 / 341 
  • P/E Ratio: 7.56 
  • Dividend Yield:3.06 % 
  • Return on Capital Employed (ROCE): 17.7 % 
  • Return on Equity (ROE): 18.0 % 

Oil India Ltd is trading at ₹343, close to its 52-week low of ₹341. The P/E ratio is 7.56, meaning the stock is not very expensive. The dividend yield is 3.06%, and the company has a healthy payout of 25.7%. 

However, profits have dropped by 36.1%, and interest costs have increased by 22.51%. The company takes longer to collect payments, which may hurt cash flow. Operating profit to interest ratio is at its lowest (8.82 times). 

The stock is in a bearish trend. It has fallen 15.35% since February 10. Technical indicators like MACD, Bollinger Bands, and KST suggest further decline. Long-term investors may hold due to good dividends. Short-term traders should sell as the trend is weak. Or wait for improvement before buying. 

BPCL Ltd.
BPCL Share Price Falls for Fifth Day: Key Market Trends, Nifty & Energy Sector Impact

Business and Industry Overview: 

Bharat Petroleum Corporation Limited (BPCL) is a government-owned company that refines crude oil and sells petroleum products. It has three big refineries in Mumbai, Kochi, and Bina, with a total capacity of 35.3 million metric tons per year. BPCL holds about 14-15% of India’s refining capacity. The company plans to invest ₹10,000 crore in projects like refinery expansion, a petrochemical plant, gas distribution, and marketing. Most of its revenue comes from diesel (52%), petrol (23.4%), and LPG (11.3%). BPCL runs around 20,000 petrol pumps, 82 fuel depots, and 54 LPG bottling plants, serving over 9 crore LPG customers. It also supplies fuel to industries, airlines, and lubricant markets under the MAK brand. In natural gas, it serves many LNG customers and operates in 50 regions through Bharat Gas Resources Ltd. BPCL is involved in oil exploration in India and other countries, with stakes in Russian oil fields. It also has partnerships in LNG imports (Petronet LNG) and city gas distribution (Indraprastha Gas, where it owns 22.5%). The company merged Bharat Oman Refineries Ltd. with BPCL and is in the final stage of merging Bharat Gas Resources Ltd. In 2022, the government canceled BPCL’s privatization plans. In 2021, BPCL sold its 61.6% stake in Numaligarh Refinery Ltd. for ₹9,876 crore. Arun Kumar Singh became Chairman & Managing Director in 2021, and Vetsa Ramakrishna Gupta is the Chief Financial Officer. 

India’s oil and gas industry is growing rapidly and plays a major role in the economy. Oil demand is expected to double to 11 million barrels per day by 2045, while diesel consumption could reach 163 million tonnes by 2029-30. Natural gas use is also rising, with an annual growth rate of 9% and an expected increase of 25 billion cubic meters until 2024. The country’s refining capacity has grown from 215.1 MMTPA to 256.8 MMTPA in the past decade and is set to reach 310 MMTPA by 2028. There are also plans to double refining capacity to 450-500 million tonnes by 2030. The government is encouraging investments by allowing 100% FDI in various segments and allocating Rs. 497.25 crore (US$ 59.75 million) in the 2024-25 budget for pipeline infrastructure. Companies like Jio-bp and ONGC are making major investments, with ONGC alone planning $4 billion for exploration. India is also working on improving oil storage by commercializing 50% of its Strategic Petroleum Reserves. Crude oil imports increased by 5.7% in January 2024, reinforcing India’s position as the third-largest oil consumer in the world. The country is expanding its gas infrastructure, with over 10,000 km of crude pipelines and 12,500 km of refined product pipelines. There is also a strong push for biofuels, with ethanol blending targets being moved up to 2025-26. With rapid urbanization and industrial growth, India’s energy demand is rising faster than in many other countries, making the sector attractive for investors. 

Bharat Petroleum Corporation Limited (BPCL) is India’s second-largest oil marketing company and a key government-owned oil producer. In FY23, it held a 25% market share with sales of 48.92 MMT. It ranks as the sixth-largest company in India by turnover. BPCL was listed 309th on the Fortune Global 500 in 2020 and 1052nd on the Forbes Global 2000 in 2023. The company runs refineries in Bina, Kochi, and Mumbai, operating under the Ministry of Petroleum and Natural Gas. Its main product, Bharatgas, has led the LPG market for over 30 years. BPCL has strong infrastructure with well-placed refineries and marketing networks. In 2017, it received “MAHARATNA” status from the Indian government. Its headquarters is in Mumbai. 

Latest Stock News: 

As of February 28, 2025, BPCL is trading at Rs 237.75, down 2.86% on the NSE at 13:19 IST. This is its fifth straight day of decline. Over the last year, the stock has fallen 21.26%, while NIFTY gained 0.67%, and Nifty Energy dropped 22.84%. 

In the past month, BPCL has fallen 7.49%, and Nifty Energy is down 8.09%. Today, Nifty Energy is at 30,659.25, down 2.25%. The NIFTY index is at 22,131.1, down 1.84%, and the Sensex is at 73,247.33, down 1.83%. 

BPCL’s trading volume today is 52.96 lakh shares, lower than its one-month average of 84.15 lakh shares. The March futures contract is at Rs 238.9, down 2.89%. The stock’s PE ratio is 6.87, based on earnings till December 2024. 

Potentials: 

Bharat Petroleum (BPCL) is focusing on petrochemicals, green energy, and fuel marketing. BPCL is expanding into petrochemicals to offer better alternatives to fuel. It is building two new projects at Kochi and Bina refineries, which will be ready by 2027 and 2028. In green energy, BPCL plans to set up 2 GW of renewable energy by 2025 and 10 GW by 2035. It is also investing in green hydrogen, biogas, carbon capture, wind, and solar power. BPCL is growing its fuel business by adding 4,000 new outlets in five years, increasing the total to 26,000. BPCL aims to reduce its carbon emissions to zero by 2040 under its ‘Project Aspire’ plan. 

Analyst Insights: 

  • Market capitalisation: ₹ 1,02,974 Cr. 
  • Current Price: ₹ 237 
  • 52-Week High/Low₹ 376 / 236 
  • P/E Ratio: 7.35 
  • Dividend Yield: 8.85 % 
  • Return on Capital Employed (ROCE): 32.1 % 
  • Return on Equity (ROE): 41.9 % 

BPCL is trading at ₹237, close to its 52-week low of ₹236. The stock has fallen 21.26% in the last year, underperforming the market. However, it offers a strong dividend yield of 8.85% and has shown good profit growth of 28.2% CAGR over five years. The company has high returns on capital (ROCE 32.1%) and equity (ROE 41.9%) and is expanding into petrochemicals, renewable energy, and fuel marketing. While the stock has been weak recently, its strong fundamentals and future growth plans make it a good long-term investment. Investors can hold for now and consider buying on further dips. 

Indian Oil Corporation
Indian Oil Corporation Stock Analysis: 52-Week Low and It Remains a Quality Stock

Business and Industry Overview: 

Indian Oil Corporation Limited is the leading oil and gas-producing PSU in India. The company is under the ownership of the government of India and the Ministry of Petroleum & Natural Gas. It is the largest in terms of both capacity and revenue, with a refining capacity of 80.55 MMTPA. IOCL offers a diverse range of products that include oil, gas, petrochemicals, and alternative energy sources. It has over 37500 fuel stations across the country. The company is well-known for its advanced technologies and innovative research and development in the petrochemical industry. It was ranked 116th on Fortune’s 2022 Global 500 list of the world’s largest corporations. It has maintained its leadership in the ‘BW Top 500’ for the third consecutive year and has been recognized as the most respected oil and gas company by Business World. The company aims at achieving net zero emissions by 2046. It is pioneering green initiatives, including Hydrogen Mobility, hydrogen Transportation, Biofuels, Electric Mobility, Solar Cooktop,s and Minimising Water footprints, which are central to our strategic vision for a cleaner energy future. 

With India targeting to achieve a $5 trillion economy by 2025–26, there is a huge surge in the petrochemical industry to fulfil the demand of the growing economy. Petrochemicals would fuel various industries that will contribute to the growth of the economy, such as agriculture, automotive, packaging, construction, manufacturing, and many more. Hence, this industry cannot be ignored, and the petrochemical demand is expected to reach $1 trillion by 2040. Recently, the Government of India has taken various initiatives, including 100% FDI through automatic routes, establishing Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIRs). It is also setting up infrastructure like 10-plus plastic parks which are to be executed between 2020 and 2035. IOC being one of the leading petrochemical producer companies in India, has a 42% market share in petroleum Oil and lubricants with over 60,900 touch points. It owns 11 refineries across India. It also has its subsidiary functioning across India like IndianOil (Mauritius) Limited,  Lanka IOCPLC  in Sri Lanka, 10C Middle East FZE , 10C Sweden AB , IOCL (USA) Inc. are few of them.  

Latest Stock News: 

ADNOC Gas (Abu Dhabi National Oil Company), a natural gas producer based in Abu Dhabi, UAE, has signed a long-term sales and purchase agreement (SPA) with Indian Oil Corporation Ltd. to supply liquefied natural gas (LNG) for 14 years. This agreement is valued between $7 billion and $9 billion and will commence in 2026, providing IndianOil with up to 1.2 million metric tonnes of LNG annually. The agreement supports India’s objective of increasing the share of gas in its energy mix to 15% by 2030 and demonstrates ADNOC Gas’s commitment to lower-carbon energy solutions. The LNG will be sourced from ADNOC Gas’s Das Island facility, which has a production capacity of 6 million metric tonnes per year and a proven track record of reliability. 

This deal is part of ADNOC Gas’s strategy to secure long-term contracts in growing Asian markets, diversifying sources beyond traditional suppliers like Qatar and Russia, and thereby strengthening India’s energy security. Additionally, the agreement reinforces India’s strategic partnership with the UAE, a key supplier of crude oil, and opens up opportunities for further investments in refining, petrochemicals, and renewable energy. 

Indian Oil Corporation is trading -0.64% lower at Rs 116.50 as compared to its last closing price. Indian Oil Corporation has been trading in the price range of 117.55 & 114.35. Indian Oil Corporation has given -14.05% in this year & -6.28% in the last 5 days. Indian Oil Corporation has TTM P/E ratio 17.67 as compared to the sector P/E of 8.97.  

Potentials: 

The Indian government is actively working to increase the share of natural gas in the country’s energy mix from 6% to 15% by 2030 as part of its clean energy transition. Aligning with this vision, Indian Oil Corporation (IOCL) has signed a 14-year sales and purchase agreement with ADNOC Gas to import liquefied natural gas (LNG), ensuring a stable and long-term supply to meet rising domestic demand. From a valuation perspective, IOCL’s stock is currently trading at 0.90 times its book value, indicating it is relatively undervalued compared to its intrinsic worth. The company also offers an attractive dividend yield of 10.2%, making it appealing to income-focused investors. Over the past five years, IOCL has demonstrated strong profit growth, delivering a CAGR of 19.1%, reflecting its operational efficiency and strategic expansion. Additionally, the company has maintained a healthy dividend payout ratio of 42.6%, ensuring consistent returns for its shareholders while balancing reinvestment in growth initiatives. 

Analyst Insights: 

On Monday, Indian Oil Corporation announced a 76.57% decline in its consolidated net profit, totalling Rs 2,115 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), down from Rs 9,029.56 crore for the same period last year. The significant decrease in profits was attributed to diminished refining margins and increased expenses during the quarter. The Consolidated operational revenue saw a slight dip of 5% to Rs 2,15,522 crore, compared to Rs 2,26,892 crore reported in the same quarter a year earlier. 

Expenses remained largely unchanged at Rs 2.19 trillion, up slightly from Rs 2.17 trillion. However, compared to the previous quarter, expenses increased by 8.4% from Rs 2.02 trillion. The market capitalization of Indian Oil is ₹ 1,64,654 Cr, with a stock P/E of 17.0 and ROCE of 21.1%. 

With the volatility in the oil and gas industry, the investors should hold the security for now and keep an eye on the changing market as there is a drop in the profit margin and since this industry is cyclical. The P/E ratio is 17 compared to the industry which is 18.95 and the ROCE is 21.1 which means that the comapy can generate good return on the capital employed.  

Indian Oil Corporation Q3 FY25 Results
IOC Q3 Results: Net Profit Falls 64% to ₹2,874 Crore Amid LPG Losses

Indian Oil Corporation Ltd: Overview 

Indian Oil Corporation Ltd. (IOCL) is India’s largest integrated and diversified energy company, engaged in refining, pipeline transportation, petroleum product marketing, natural gas, petrochemicals, and alternative energy sources. The company operates the largest refining capacity in India, with a network of 11 refineries and a combined refining capacity of approximately 80.6 million metric tonnes per annum (MMTPA). IOCL plays a critical role in ensuring energy security for India by supplying fuel across sectors, including automotive, industrial, and aviation. IOCL has a vast pipeline infrastructure of over 17,000 km, transporting crude oil, refined petroleum products, and natural gas across the country. The company is also a major player in the retail fuel segment, with over 34,000 fuel stations and a strong presence in the liquefied petroleum gas (LPG) market. Additionally, IOCL is expanding its footprint in the petrochemical segment, renewable energy, and electric mobility, aligning with India’s sustainability goals. The Indian energy sector is witnessing a transformative shift due to rising fuel demand, advancements in refining technology, and a growing focus on clean energy. The country’s expanding economy and increasing urbanization are expected to drive fuel consumption in the coming years. According to industry estimates, India’s petroleum demand is projected to grow at a compound annual growth rate (CAGR) of around 4% over the next decade. With the government’s push for energy transition, IOCL is investing in biofuels, hydrogen, and electric vehicle charging infrastructure. The renewable energy sector, especially green hydrogen and biofuel blending, presents significant opportunities for IOCL. However, challenges such as global crude oil price volatility, regulatory changes, and competition from private refiners remain key risks for the company. 

Latest Stock News 

Operating margins are expected to recover significantly, with an improvement to 6.8% in the upcoming quarter compared to the 2.2% reported in Q2 FY25. The Gross Refining Margin (GRM) is projected to rise to $6.20 per barrel, marking a strong recovery from $1.60 per barrel in the previous quarter, although still lower than the $13.50 per barrel recorded in the same period last year. Crude throughput, which represents the volume of crude oil processed, is estimated to increase by 4% to 17.4 million metric tonnes (MMT), up from 16.7 MMT in Q2 FY25. Sales of petroleum products are also expected to show a modest increase of 1%, reaching 22.2 MMT compared to 21.9 MMT in the previous quarter, reflecting stable demand in the market. Investors should closely monitor key factors influencing the earnings performance. Strong margins in auto fuel marketing and refining operations may indicate a positive trend, but challenges persist, particularly in the petrochemical segment, where weak realizations and spreads continue to weigh on profitability. Additionally, higher inventory losses in liquefied petroleum gas (LPG) could negatively impact the company’s overall financial performance. During the second quarter, IOC faced several operational and financial challenges. Revenue declined by 9.8% to ₹1.74 lakh crore, missing market expectations. EBITDA suffered a sharp decline of 56.3%, reaching just ₹3,773 crore, while the operating margin dropped to 2.2%, significantly lower than the 4.5% reported in the previous quarter.  

Business Segments

  • Refining and Marketing: IOCL is the largest refiner in India, with 11 refineries producing various petroleum products, including petrol, diesel, kerosene, and aviation fuel. The company operates an extensive marketing network, including retail outlets, LPG distribution, and industrial fuel supply. IOCL has also introduced premium fuel products under the XP100 and XtraGreen brands. 
  • Pipelines: IOCL manages one of the world’s largest oil and gas pipeline networks, ensuring efficient transportation of crude oil, petroleum products, and natural gas. The company’s pipeline infrastructure enhances operational efficiency and reduces transportation costs. 
  • Petrochemicals: The petrochemicals division is a key growth area for IOCL, with products including polypropylene, polyethylene, and synthetic rubbers. The company has established large petrochemical plants, such as those at Panipat and Paradip, to cater to domestic and international markets. 
  • Natural Gas: IOCL is expanding its presence in the natural gas sector through city gas distribution (CGD), LNG imports, and pipeline-based natural gas supply. The company is a key player in India’s growing CGD network, aiming to support cleaner energy consumption. 
  • Alternative Energy and Sustainability Initiatives: IOCL is actively investing in green energy initiatives, including biofuels, hydrogen production, solar and wind energy, and electric vehicle (EV) charging infrastructure. The company is also exploring carbon capture technologies and sustainability-focused projects to reduce its environmental footprint. 

Subsidiary Information

  • Chennai Petroleum Corporation Ltd. (CPCL): Chennai Petroleum Corporation Ltd. (CPCL) is a significant refining subsidiary of Indian Oil Corporation Ltd. (IOCL), operating two refineries located in Tamil Nadu with a total refining capacity of 11.5 million metric tonnes per annum (MMTPA). The company plays a critical role in catering to the growing fuel demand of South India by ensuring a steady supply of petroleum products. 
  • Indian Oil LNG Pvt Ltd: Indian Oil LNG Pvt Ltd. is a key subsidiary focusing on the import, storage, and distribution of liquefied natural gas (LNG) to meet India’s growing energy needs. The company operates the Ennore LNG terminal, which is strategically located to provide a stable supply of LNG to various industries, power plants, and city gas distribution networks. 
  • Indian Oil Tanking Ltd: Indian Oil Tanking Ltd. is a joint venture between IOCL and Oiltanking GmbH, a global leader in petroleum storage logistics. This subsidiary specializes in handling, storing, and transporting petroleum products efficiently, ensuring seamless fuel distribution across the country. 
  • IndOil Montney Ltd: IndOil Montney Ltd. is an international subsidiary that focuses on the exploration, development, and production of oil and gas assets in Canada. This subsidiary helps expand IOCL’s global footprint in the energy sector by acquiring and managing valuable hydrocarbon reserves. 

Q3 FY25 Earnings 

  • Revenue of ₹194014 crore in Q3 FY25 down by 2.95% YoY from ₹199906 crore in Q3 FY24.  
  • EBITDA of ₹7573 crore in this quarter at a margin of 4% compared to 8% in Q3 FY24. 
  • Profit of ₹2147 crore in this quarter compared to a ₹9225 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 199906 194014 841756 776352 
Expenses 183172 186442 811073 700706 
EBITDA 16733 7573 30683 75636 
OPM 8% 4% 4% 10% 
Other Income 1916 1936 5124 5389 
Net Profit 9225 2147 11704 43161 
NPM 4.6% 1.1% 1.4% 5.6% 
EPS 6.4 1.5 6.9 29.6 
BPCL Shares Fall 2% Post Disappointing Q3 Results
BPCL Shares Fall 2% Post Disappointing Q3 Results: Expert Insights and Future Outlook

BPCL Ltd: Overview 

Bharat Petroleum Corporation Ltd (BPCL) is one of India’s leading oil and gas companies, engaged in the refining, marketing, and distribution of petroleum products. Established in 1952 and headquartered in Mumbai, BPCL operates as a public sector undertaking (PSU) under the Ministry of Petroleum and Natural Gas. The company is a Fortune Global 500 entity and has consistently been at the forefront of India’s energy sector. BPCL has a robust infrastructure, including four refineries located in Mumbai (Maharashtra), Kochi (Kerala), Bina (Madhya Pradesh), and Numaligarh (Assam), with a total refining capacity of over 35 million metric tonnes per annum (MMTPA). It operates an extensive network of over 20,000 retail outlets, serving diverse sectors such as automotive, industrial, and domestic energy needs. 

The Indian oil and gas sector is witnessing significant transformation, driven by increasing energy demand, urbanization, and a shift towards cleaner and sustainable energy sources. BPCL is actively investing in renewable energy, electric vehicle charging infrastructure, and biofuels, aligning itself with India’s energy transition goals. The company’s efforts to enhance its product portfolio and focus on digital transformation position it as a key player in the evolving energy landscape. 

Latest Stock News 

Bharat Petroleum Corporation Limited (BPCL) may experience a short-term operational impact of 1-2 months as it adjusts its crude oil sourcing strategy amidst the evolving geopolitical landscape. With tightening sanctions on Russian crude oil, the company is shifting its sourcing mix by increasing imports from Saudi Arabia and the United States. This adjustment comes at an additional cost of $2-3 per barrel, according to BPCL Chairman and Managing Director G. Krishnakumar. Currently, Russian crude accounts for approximately 35% of BPCL’s crude oil mix. On the issue of LPG under-recoveries, Krishnakumar expressed optimism, saying, “Last year, the government supported us with a subsidy of about ₹5,000 crore, and we are hopeful for similar support this year. While the exact timeline is uncertain, we expect it by March.” BPCL’s current LPG under-recovery stands at ₹7,200 crore. 

BPCL reported a gross refining margin (GRM) of $5.60 per barrel for the third quarter, slightly below market expectations but higher than the previous quarter’s $4.41 per barrel. The company is also progressing with the initial public offering (IPO) of Maharashtra Natural Gas Limited (MNGL), a joint venture with GAIL India. “Our board has approved the proposal, and we are awaiting approvals from GAIL’s board and DIPAM. We expect this process to be completed within the next four to five months,” he stated. 

Additionally, BPCL has secured a ₹31,802 crore loan agreement with a State Bank of India (SBI)-led consortium to fund the development of a petrochemical complex and the brownfield expansion of its refinery capacity at Bina, Madhya Pradesh. The consortium includes Punjab National Bank, Union Bank of India, Canara Bank, Bank of India, and the Export-Import Bank of India. The expansion will increase BPCL’s Bina refinery capacity from 7.8 million tonnes per annum (MMTPA) to 11 MMTPA, supporting the feedstock needs of its petrochemical plants. 

Business Segments 

  • Refining: BPCL operates four technologically advanced refineries located in Mumbai (Maharashtra), Kochi (Kerala), Bina (Madhya Pradesh), and Numaligarh (Assam). Together, these refineries boast a combined refining capacity of over 35 million metric tonnes per annum (MMTPA), producing a diverse range of petroleum products. These include petrol, diesel, kerosene, liquefied petroleum gas (LPG), aviation turbine fuel, and various specialty chemicals. The company also focuses on maximizing the production of value-added and high-margin products, contributing significantly to its revenue and profitability. 
  • Marketing: BPCL has an extensive and well-established marketing network across India, consisting of more than 20,000 retail outlets, LPG distributorships, and a robust presence in the lubricants market. Through its flagship “Bharatgas” LPG brand, BPCL serves millions of households, industries, and commercial establishments daily. The company’s “MAK Lubricants” brand is a trusted name in the automotive and industrial lubricants segment, offering a wide range of high-quality products. They offer value-added services such as automation for accurate fuel dispensing, EV charging stations to support the transition to electric mobility, and loyalty programs to enhance customer retention. 
  • Gas Business: BPCL has emerged as a significant player in India’s growing natural gas sector, catering to industrial, commercial, and residential customers. The company is actively involved in the supply and distribution of liquefied natural gas (LNG) and compressed natural gas (CNG), meeting the rising demand for cleaner and more sustainable energy solutions. As part of its expansion strategy, BPCL is investing heavily in city gas distribution (CGD) networks, with licenses to operate in multiple geographical areas across India. BPCL’s commitment to expanding its gas business aligns with the government’s vision of increasing the share of natural gas in India’s energy mix. 
  • Renewable Energy: BPCL is actively diversifying its portfolio to include renewable energy sources, reflecting its commitment to sustainability and India’s energy transition goals. The company is exploring opportunities in solar and wind energy, with an initial focus on solar installations at its retail outlets and industrial facilities. Additionally, BPCL is investing in the production of biofuels, such as ethanol and biodiesel, to reduce dependency on fossil fuels and lower carbon emissions. 
  • International Trade and Exports: BPCL plays a vital role in India’s export market, leveraging its strategic refinery locations and high-quality production capabilities. The company exports a wide range of refined petroleum products, including aviation turbine fuel, naphtha, lubricants, and other specialty chemicals, to various countries worldwide. BPCL’s strong presence in international markets, particularly in regions like the Middle East, Southeast Asia, and Africa, underscores its global competitiveness. 

Subsidiary Information 

  • Bharat PetroResources Ltd (BPRL): BPRL serves as the upstream exploration and production (E&P) arm of BPCL, focusing on the acquisition and development of oil and gas assets. The subsidiary holds stakes in several blocks across India and overseas, including high-potential regions such as Mozambique, Brazil, and Indonesia. BPRL’s activities contribute to BPCL’s long-term strategy of securing energy resources and reducing dependency on imported crude oil. 
  • Numaligarh Refinery Ltd (NRL): Located in Assam, NRL operates a refinery that primarily caters to the energy needs of India’s north eastern region. The refinery is strategically positioned to produce value-added products and supply petroleum products to neighbouring countries, further enhancing BPCL’s regional presence. NRL is also involved in expanding its capacity and developing a bio-refinery for sustainable fuel production. 
  • Indraprastha Gas Ltd (IGL): BPCL holds a stake in Indraprastha Gas Ltd, a key player in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in the Delhi-NCR region. IGL’s operations align with BPCL’s gas business strategy, contributing to the transition towards cleaner energy solutions in urban areas. 
  • Petronet LNG Ltd: BPCL is a significant stakeholder in Petronet LNG, which operates LNG terminals and imports liquefied natural gas for distribution across India. The partnership enables BPCL to strengthen its presence in the LNG market and meet the growing demand for natural gas in industrial and commercial sectors 

Q3 FY25 Earnings 

  • Revenue of ₹113166 crore in Q3 FY25 down by 2.02% YoY from ₹115499 crore in Q3 FY24.  
  • EBITDA of ₹7456 crore in this quarter at a margin of 7% compared to 5% in Q3 FY24. 
  • Profit of ₹3806 crore in this quarter compared to a ₹3181 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 115499 113166 473187 448083 
Expenses 109300 105710 462288 404001 
EBITDA 6199 7456 10899 44082 
OPM 5% 7% 2% 10% 
Other Income 919 548 2036 3032 
Net Profit 3181 3806 2131 26859 
NPM 2.8% 3.4% 0.5% 5.9% 
EPS 7.3 8.8 4.9 61.9