Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 90967.61 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 66074.93 Crore, up 33.73 % from last quarter Sales of Rs 49408.60 Crore and down -11.85 % from last year same quarter Sales of Rs 74959.18 Crore Company reported net profit after tax of Rs 2627.45 Crore in latest quarter.
Investment Rationale
The brokerage raises FY21 EBITDA by 7% to account for 3QFY21 results; however FY22/FY23 EBITDA remains unchanged while TP is revised to INR 460/share (from INR 455/share).
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.
