BPCL, incorporated in the year 1952, is a large cap company with a market cap of Rs 102,714.12 Crore, operating in gas & petroleum sector.
Bharat Petroleum Corporation key products/revenue segments include petroleum products, oil crude, other operating revenue, subsidy for the year ending 31-Mar-2020.
Investment rationale
BPCL’s board has approved the divestment of its entire 61.65 per cent stake in Numaligarh Refinery (NRL) for Rs 98.76 billion to a consortium of oil India, Engineers India and the Government of Assam. Oil India/Government of Assam currently holds 26 per cent/12.35 per cent stakes respectively.
Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 66,809.47 crore, up 34.39 per cent from last quarter’s total income of Rs 49,713.32 crore and down 11.54 per cent from last year same quarter’s total income of Rs 75,527.70 crore. Company has reported net profit after tax of Rs 2,627.45 crore in latest quarter.
Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of March 31, 2020, while FIIs held 12.3 per cent, DIIs 19.6 per cent and public and others 15.1 per cent.
