Gulf Oil Lubricants India Ltd. (GOLIL) is a part of the Hinduja Group. It manufactures, markets, and trades automotive and non-automotive lubricants and synergy products. It was incorporated in 2008, with its headquarters in Mumbai. The company’s standalone net sales for the June 2022 quarter stood at Rs 706.45 crore, up 69.26% from Rs 417.37 crore in the June 2021 quarter. On 31 October 2022, GOLIL’s market capitalisation was Rs 2,019 crore.
The company is listed on the Bombay Stock Exchange with the code 538567 and on the National Stock Exchange with the code GULFOILLUB.
Gulf Oil International (GOI) is the parent company of Gulf Oil Lubricants India Ltd. It owns the Gulf brand internationally (excluding Spain, Portugal, and the USA). The company supplies to OEMs and other B2B customers directly, including infrastructure, state transport, government undertakings, and mining and fleet customers. Its product range comprises engine oils, greases, gear oils, and specialities for scooters, bikes, cars, tractors, and light and heavy commercial vehicles. The comprehensive product portfolio caters to automotive, marine, and industrial applications, with approvals from bodies such as ACEA, JASO, API, and leading global OEMs.
On 30 September 2022, the company’s shareholding pattern showed a 72.02% promoter stake, 3.64% foreign institutional investor stake, 7.28% domestic institutional investor stake, and 17.07% public stake. The promoter holding belongs to Gulf Oil International (Mauritius) Inc. During the September 2022 quarter, mutual fund holdings decreased from 6.25% to 6.24%, while FII holdings decreased from 3.66% to 3.64%.
The board of directors of Gulf Oil Lubricants India Ltd. comprises Mr Sanjay G Hinduja, Mr Arvind Uppal, Mr Ravi Chawla, Mr Munesh Khanna, Mr Shom Hinduja, and Ms Manju Agarwal. The auditors are Price Waterhouse LLP. As of 30 September 2022, the company’s total number of outstanding shares was 4.90 crores.
On 31 October 2022, Gulf Oil Lubricants India Ltd.’s share price was trading at Rs 411.60 on BSE, and it was trading at Rs 412.75 on NSE. In 52 weeks, the share touched a high price of Rs 617.55 and a low price of Rs 377.60. By trading in Gulf Oil Lubricants India Ltd.’s share, investors earned a six-month return of -3.86% and a one-month return of -29.58%.
The company’s peers include Castrol India, Tide Water Oil, Panama Petrochem Ltd., and Savita Oil Technologies Ltd.
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