Bharat Petroleum Corporation logo

Bharat Petroleum Corporation share price

NSE: BPCLBSE: 500547Petroleum ProductsLarge Cap

Bharat Petroleum Corporation Limited · Face value ₹10 · Listed Sep 1992 on BSE, Sep 1995 on NSE
Last close ₹295.60up ₹5.20 (1.79%)BSE ₹295.30

Share price at the NSE close on 27 Oct 2026. Previous close ₹290.40.

27 Oct: open ₹288.60, high ₹295.60, low ₹286.60

52-week range of traded prices to 27 Oct 2026
₹266.60Low, 2 Apr 2026₹391.65High, 5 Feb 2026
Market cap
₹1,28,246 Cr62nd largest listed
P/E
8.12
P/E without one-offs
9.10
P/B
1.26
Dividend yield
5.92%
ROE
16.2%
ROE without one-offs
14.4%
ROCE
12.1%
Debt to equity
0.50
Volume, NSE
58,03,18458.9% delivered

Bharat Petroleum Corporation share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−13.8%over a year · Nifty Oil & Gas −10.7% · Nifty 500 −8.8%

Results20-session average 54,26,717 shares a day, 56.0% delivered

About Bharat Petroleum Corporation

Bharat Petroleum Corporation Limited (BPCL) refines crude oil and sells fuels, lubricants, liquefied petroleum gas (LPG) and natural gas across India.12 It sells through fuel stations, LPG and lubricant distributors and airport fuelling stations, and supplies bulk buyers such as the armed forces, railways, airlines and power producers.3 It also explores for oil and gas, and is expanding into biofuels, renewable energy, electric vehicle charging and green hydrogen.21

Besides refining, it runs marketing business units for retail fuel, LPG, lubricants, aviation fuel, industrial and commercial customers, and gas; its lubricants are sold under the MAK brand.45 Oil and gas exploration and production sits in Bharat PetroResources Limited (BPRL), a wholly owned subsidiary with interests in 15 blocks, 8 in India and 7 overseas, and stakes in 2 Russian companies with producing fields.6 Its overseas oil and gas assets are in Brazil, Mozambique, Indonesia, the UAE and Russia.6

It was incorporated in 1952.7 Kochi Refineries Limited, Bharat Oman Refineries Limited and Bharat Gas Resources Limited were later merged into it.89 It holds Maharatna status, which gives selected large public sector companies more freedom in operating and financial decisions.10

The Government of India holds 52.98% of the shares, and the company is under the administrative control of the Ministry of Petroleum and Natural Gas.1112 Its holdings include 12.5% of Petronet LNG Limited, an importer of liquefied natural gas, and 22.5% of Indraprastha Gas Limited, which supplies city gas in and around Delhi.1314

Bharat Petroleum Corporation key points

Results

  • In the year to Mar 2026, consolidated revenue rose 4.46% to ₹5,22,820 crore and consolidated net profit rose 93.78% to ₹25,843 crore.15
  • Its refineries processed a record 41.15 million tonnes (MMT) of crude in the year to Mar 2026, at 116.6% of capacity and a gross refining margin (earnings per barrel over crude cost) of $11.74.16
  • In the quarter to Jun 2026, its refineries processed 10.15 MMT of crude and domestic sales were 13.62 million tonnes.17
  • Group capital expenditure was ₹21,372.47 crore in the year to Mar 2026, against ₹15,709.39 crore a year earlier.18

Market position

  • The company says it is India's second-largest oil marketing company by domestic sales volume and third-largest refiner, with about 14% of national refining capacity in 2025.19
  • Market share among public sector oil marketing companies202122
    Itemyear to Mar 2026
    Overall27.27%
    Petrol at retail29.81%
    Diesel at retail29.93%
    Compressed natural gas (CNG)31.29%
    Domestic market sales were a record 54.18 MMT in the year to Mar 2026.

Marketing businesses

  • Retail fuel. Sales were 34.58 MMT in the year to Mar 2026; by Jun 2026 it had 25,485 fuel stations and 2,700 CNG stations.2317
  • LPG. More than 9.61 crore customers are served through 6,278 distributors. Packed LPG sales were a record 8,736 kilotonnes (TMT) in the year to Mar 2026, a 27.53% market share.24
  • Aviation fuel. Sales were a record 2,192 TMT in the year to Mar 2026, a 26.5% market share, from 81 airports.25
  • Gas. It handled 2,289 TMT of gas in the year to Mar 2026, up 25%, and runs city gas networks (piped gas and CNG) in 26 areas of its own and 26 through joint ventures.2627

Plants and capacity

  • Its 3 refineries, at Mumbai, Kochi and Bina, have a refining capacity of 35.3 million tonnes a year (MMTPA), and its petrochemicals capacity is 0.84 MMT.28
  • It has 251.14 MW of renewable power capacity running and 100.8 MW under construction, and a 5 MW green hydrogen plant (hydrogen from water, using renewable power) at Bina.29
  • Through BPRL, its share of oil and gas production was 2.64 million tonnes of oil equivalent in the year to Mar 2026.30
  • BPRL's Brazilian unit IBV, which holds 40% of the BM-SEAL-11 block, became wholly owned after the purchase of the remaining 39.14% for ₹2,312 crore.3132

Expansion and capital spending

  • The company said its ₹43,367 crore Bina petrochemical and refinery expansion would raise Bina's refining capacity from 7.8 to 11 MMTPA by May 2028; on 23 Jul 2026 it said the project was 30.7% complete, with ₹5,900 crore spent.3334
  • The company said its ₹13,626 crore cracking unit at Mumbai, which turns heavy residue into propylene, petrol and diesel, was 3.8% complete on 31 Mar 2026 and is scheduled for September 2029.35
  • The company said its board has approved pre-project activities for a 9 MMTPA refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh, at a project cost of ₹2,100 crore.3637
  • BPRL holds 10% of the Offshore Area 1 gas project in Mozambique, about 42% complete at Mar 2026; work resumed after a halt (force majeure) was lifted on 7 Nov 2025.38

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it aims to raise refining capacity to 45 MMTPA.39
  • The company stated in its annual report for the year to Mar 2026 that it aims for 3.2 MMTPA of petrochemical capacity and 8% petrochemical intensity (the share of its crude turned into petrochemicals) by Mar 2029.40
  • The company stated in its annual report for the year to Mar 2026 that it targets 10 GW of renewable capacity by 2035 and net zero emissions from its own operations and the power it buys by 2040.41

Recent events

  • On 29 Jun 2026 the company agreed to buy 40% of Tiki Tar and Shell India, which processes and sells bitumen (the binder in road surfaces), for ₹85 crore; the company's documents give no completion date.424344
  • On 24 Mar 2026 the company announced that NeuEN Green Energy, its 50:50 joint venture with Sembcorp, had won a contract to supply 10,000 tonnes a year of green hydrogen to Numaligarh Refinery.45
  • On 19 Mar 2026 it commissioned a second-generation (2G) ethanol plant at Bargarh, Odisha, which makes 100 kilolitres a day of fuel ethanol from rice straw.4647

Litigation and regulatory matters

  • In its exchange filing of 23 Feb 2026, the company said an excise order of 21 Feb 2026 demanded ₹1,816.65 crore, including ₹476.94 crore of duty, for 2004 to 2010, and that it would appeal.48

Last updated

All 48 sources, each with its page
  1. 1. Annual report, 3 Aug 2026, page 6
  2. 2. Annual report, 3 Aug 2026, page 5
  3. 3. Annual report, 3 Aug 2026, page 114
  4. 4. Annual report, 3 Aug 2026, page 54
  5. 5. Annual report, 3 Aug 2026, page 16
  6. 6. Annual report, 3 Aug 2026, page 80
  7. 7. Annual report, 3 Aug 2026, page 45
  8. 8. Exchange filing, 23 Feb 2026, page 2
  9. 9. Annual report, 3 Aug 2026, page 12
  10. 10. Exchange filing, 24 Mar 2026, page 3
  11. 11. Annual report, 3 Aug 2026, page 109
  12. 12. Annual report, 3 Aug 2026, page 110
  13. 13. Annual report, 3 Aug 2026, page 59
  14. 14. Annual report, 3 Aug 2026, page 60
  15. 15. Annual report, 3 Aug 2026, page 4
  16. 16. Annual report, 3 Aug 2026, page 22
  17. 17. Earnings call, 23 Jul 2026, page 3
  18. 18. Annual report, 3 Aug 2026, page 53
  19. 19. Annual report, 3 Aug 2026, page 6
  20. 20. Annual report, 3 Aug 2026, page 54
  21. 21. Annual report, 3 Aug 2026, page 70
  22. 22. Annual report, 3 Aug 2026, page 23
  23. 23. Annual report, 3 Aug 2026, page 15
  24. 24. Annual report, 3 Aug 2026, page 16
  25. 25. Annual report, 3 Aug 2026, page 73
  26. 26. Annual report, 3 Aug 2026, page 74
  27. 27. Annual report, 3 Aug 2026, page 18
  28. 28. Annual report, 3 Aug 2026, page 8
  29. 29. Annual report, 3 Aug 2026, page 19
  30. 30. Annual report, 3 Aug 2026, page 59
  31. 31. Annual report, 3 Aug 2026, page 80
  32. 32. Exchange filing, 2 Jul 2026, page 2
  33. 33. Annual report, 3 Aug 2026, page 69
  34. 34. Earnings call, 23 Jul 2026, page 4
  35. 35. Annual report, 3 Aug 2026, page 54
  36. 36. Annual report, 3 Aug 2026, page 53
  37. 37. Annual report, 3 Aug 2026, page 55
  38. 38. Annual report, 3 Aug 2026, page 80
  39. 39. Annual report, 3 Aug 2026, page 15
  40. 40. Annual report, 3 Aug 2026, page 23
  41. 41. Annual report, 3 Aug 2026, page 30
  42. 42. Exchange filing, 29 Jun 2026, page 1
  43. 43. Exchange filing, 29 Jun 2026, page 2
  44. 44. Exchange filing, 29 Jun 2026, page 3
  45. 45. Exchange filing, 24 Mar 2026, page 2
  46. 46. Annual report, 3 Aug 2026, page 31
  47. 47. Exchange filing, 24 Mar 2026, page 2
  48. 48. Exchange filing, 23 Feb 2026, page 2
Revenue growth, 12 months
+16.5%
Net profit growth, 12 months
−25.6%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,57,818 Crdown 1.07%
Net profit
₹4,863 CrQuarter to Jun 2026: −₹1,873 Cr
Net margin
3.1%

Revenue by quarter

₹1,27,551 CrDec 24₹1,26,916 CrMar 25₹1,29,615 CrJun 25₹1,21,605 CrSep 25₹1,36,653 CrDec 25₹1,34,948 CrMar 26₹1,59,527 CrJun 26₹1,57,818 CrSep 26
Peak revenue ₹1,59,527 Cr, quarter to Jun 2026; lowest ₹1,21,605 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹3,806 CrDec 24₹4,392 CrMar 25₹6,839 CrJun 25₹6,191 CrSep 25₹7,188 CrDec 25₹5,625 CrMar 26−₹1,873 CrJun 26₹4,863 CrSep 26
Back to profit in the quarter to Sep 2026, ₹4,863 CrA loss in 1 of the 8 quarters shown
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,27,5511,26,9161,29,6151,21,6051,36,6531,34,9481,59,5271,57,818
Net profit3,8064,3926,8396,1917,1885,625−1,8734,863
Net margin3.0%3.5%5.3%5.1%5.3%4.2%−1.2%3.1%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Downstream Petroleum₹5,22,668 Crup 4.46%100.0%
  • Exploration & Production of Hydrocarbons₹152 Cr0.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Bharat Petroleum Corporation PE ratio and valuation

Price to earnings

At or below today's level on 42% of 2,346 trading days over the last 10 years.

LowestHighest
Its median10.12Industry median13.04
Price to book

At or below today's level on 2% of 1,980 trading days since Oct 2018.

LowestHighest
Its median1.75Industry median1.72
Dividend yield

At or below today's level on 72% of 2,478 trading days over the last 10 years.

LowestHighest
Its median4.68%Industry median3.82%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+7.1%+93.8%−47.9%6.2%
3 years+23.3%+129.5%−48.7%5.6%
5 years+10.1%+9.4%−3.5%4.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021 and Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Bharat Petroleum Corporation shareholding pattern

Shareholding by group

  • Promoters52.98%
  • Foreign institutions16.66%
  • Indian institutions21.58%
  • Governments0.86%
  • Individuals and others7.93%
Holder
PRESIDENT OF INDIAPromoter52.98%
LICI ULIP-GROWTH FUNDInsurance companies8.59%
NPS TRUST- A/C SBI PENSION FUND PVT LTD APY FUND SProvident and pension funds2.21%
TERESA RAJU NAIDUOther non-institutions1.52%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.18 pts, Indian institutions +0.51 pts, mutual funds −0.43 pts.

Mutual fund holdings

271 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 137 of the 162 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 271 funds holding Bharat Petroleum Corporation

Bought again
6
Added
78
Cut
84
Held unchanged
102
Sold out
7
Fund
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund2,07,33,6380.61%₹628.6 Cr
Kotak Mahindra Mutual Fund logoKotak Flexi Cap FundKotak Mahindra Mutual Fund1,80,00,0001.03%₹545.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund1,50,87,7500.60%₹457.5 Cr
Mirae Asset Mutual Fund logoMirae Asset Large Cap FundMirae Asset Mutual Fund1,40,97,8801.20%₹427.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund1,22,62,6301.18%₹371.8 Cr
SBI Mutual Fund logoSBI Energy Opportunities FundSBI Mutual Fund1,21,63,6924.63%₹368.8 Cr
ICICI Prudential Mutual Fund logoBharat 22 ETFICICI Prudential Mutual Fund1,11,81,1493.55%₹338.8 Cr
Tata Mutual Fund logoTata Value FundTata Mutual Fund1,11,60,0004.11%₹338.4 Cr
Kotak Mahindra Mutual Fund logoKotak Arbitrage FundKotak Mahindra Mutual Fund1,10,12,6000.44%₹333.9 Cr
DSP Mutual Fund logoDSP ELSS Tax Saver FundDSP Mutual Fund1,00,03,6291.95%₹303.3 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Bharat Petroleum Corporation insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 4 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Bharat Petroleum Corporation competitors and peers

Refineries & Marketing, 14 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Bharat Petroleum Corporation in market cap.Oil and gas companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Reliance Industries logoReliance IndustriesRELIANCE16,18,76221.661.79+14.7%−8.3%8.6%8.5%0.50%
Indian Oil Corporation logoIndian Oil CorporationIOC1,86,0475.530.85+11.6%+99.3%16.6%13.8%6.26%
Hindustan Petroleum Corporation logoHindustan Petroleum CorporationHINDPETRO75,32552.411.43+13.8%−89.7%2.6%1.0%6.85%
Mangalore Refinery and Petrochemicals logoMangalore Refinery and PetrochemicalsMRPL33,2017.521.95+35.2%+327.4%29.1%28.8%3.70%
Chennai Petroleum Corporation logoChennai Petroleum CorporationCHENNPETRO23,4364.111.72+21.8%+387.4%50.9%48.4%3.94%
Rajasthan Securities logoRajasthan SecuritiesRAJSEC4626.953.95–+298.7%87.1%21.1%0.00%
Kotyark Industries logoKotyark IndustriesKOTYARK380––––––1.35%
Rajputana Biodiesel logoRajputana BiodieselRAJPUTANA13713.042.75+81.3%+77.7%23.2%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Bharat Petroleum Corporation dividend history

Dividend per share, ₹, restated for later splits and bonuses

11Mar 1711Mar 189.5Mar 198.3Mar 2040Mar 218Mar 222Mar 2321Mar 2410Mar 2518Mar 26
Highest ₹39.50 a share, year to Mar 2021.
Ex-dateTypePer share
2 Feb 2026Interim₹10.00
7 Nov 2025Interim₹7.50
31 Jul 2025Final₹5.00
29 Jan 2025Interim₹5.00
9 Aug 2024Final₹10.50
12 Dec 2023Interim₹21.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Bharat Petroleum Corporation announcements

Bharat Petroleum Corporation share price by year

Each calendar year to 2025.Bharat Petroleum Corporation share price history

YearClose at year endChangeHighest closeLowest close
2025384.00+31.3%384.00237.30
2024292.45+29.8%369.95225.63
2023225.33+36.4%237.35157.95
2022165.25−14.3%200.28146.08
2021192.73+1.1%249.05180.00
2020190.55−22.5%250.85131.43
2019245.78+35.5%272.30156.50
2018181.38−29.9%254.30128.60
2017258.85+22.2%271.43204.02
2016211.83+42.4%228.73122.68
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026280.00290.40279.65290.40287.1075,63,94447.7%
23 Oct 2026286.00286.40277.05281.95280.5631,98,57548.3%
22 Oct 2026284.95288.25275.40286.95280.961,79,73,14046.3%
21 Oct 2026292.75295.70284.50288.00289.1942,80,18661.9%
19 Oct 2026292.00298.00292.00294.30294.1424,32,28356.2%
16 Oct 2026292.70296.85290.20293.50293.9930,96,08456.9%
15 Oct 2026289.70294.90287.15293.70292.3161,11,67362.3%
14 Oct 2026285.90289.65284.15289.65288.0234,82,86858.2%
13 Oct 2026285.90287.40283.25287.40285.3418,17,32844.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
21 Jun 2024Bonus0.5000Holders received 1 bonus share for every 1 held.
13 Jul 2017Bonus0.6667Holders received 1 bonus share for every 2 held.
13 Jul 2016Bonus0.5000Holders received 1 bonus share for every 1 held.
13 Jul 2012Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director and CEO
Sanjay Khanna
At the end of the quarter to Sep 2026
NSE symbol
BPCL
BSE code
500547
ISIN
INE029A01011
Industry
Petroleum Products
CIN
L23220MH1952GOI008931
Corporate identity number, the registrar of companies' code for it
Incorporated
1952
Registered office
Bharat Bhavan, P.B. No.688, 4 & 6 Currimbhoy Road,, Ballard Estate, Mumbai 400001, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments