Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 89438.29 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 66809.47 Crore, up 34.39 % from last quarter Total Income of Rs 49713.32 Crore and down -11.54 % from last year same quarter Total Income of Rs 75527.70 Crore. Company reported net profit after tax of Rs 2627.45 Crore in latest quarter.
Investment Rationale
With the government and the company undertaking meaningful steps to remove the bottlenecks related to the disinvestment, the brokerage believes it would likely conclude soon. It values
at 2.1x FY23PBV to arrive at Target Price of INR520/share and recommend a Buy rating.
Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of Dec 30, 2020, while FIIs held 11.5 per cent, DIIs 20 per cent and public and others 15.5 per cent.
