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Gulf Oil Lubricants India Ltd share Price

Company details

6M Return 2.20%
1Y Return 9.23%
Mkt Cap.(Cr) 2,223.66
Volume 33,393
Div Yield 5.52%
OI Chg %
Volume 33,393

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Base oil costs trend key monitorable…

About The Stock

    Gulf Oil Lubricants is one of the leading private companies in the domestic lubricants business.

    • The company reported volume growth at ~10% CAGR in FY17-22
    • Total capacity of the company is 140 million litre


    Gulf Oil’s profitability was driven by better gross margins YoY.

    • Revenue was up 23.5% YoY to ₹ 638.9 crore on account of growth in volume as well as realisation. Volume grew ~7% YoY to 37.5 million litre
    • EBITDA was at ₹ 89.1 crore, up 14.1% YoY
    • PAT was at ₹ 63.4 crore, up 6% YoY 

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Gulf Oil Lubricants India Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Gulf Oil Lubricants India Ltd.

Oil Marketing & Distribution company Gulf Oil Lubricants India announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Q4FY23 Revenues at Rs 792.05 crore, a growth of 24% YoY
    • Q4FY23 EBITDA at Rs 87.54 crore
    • PAT of Rs 63.39 crore
  • FY23:
    • Full Year Revenues at Rs 2,999.10 crore, a growth 37 % YoY
    • Full Year EBITDA at Rs 342.84 crore, grows 20.0% YoY
    • PAT of Rs 232.30 crore
    • Dividend recommended by the Board of Rs 25.00 per equity share (i.e. 1250% on FV of Rs 2 each)

Commenting on the performance, Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India, said, “FY23 marks a strong performance for us and we have once again delivered market-leading double-digit volume growth in core lubricants and 20% growth in EBITDA for the year which witnessed significant turbulence in input costs and in a general hyperinflationary environment. Our distribution growth in B2C continues and our market shares further improve across B2C, B2B, and OEM segments as we have grown 3-4x of Industry growth. Our investments in the brand have been reinforced this year and enhanced significantly from Q4 with a mega multi-media campaign during IPL through MyJio & Jio Cinema and our unique “Gulf Fan Academy” property which is currently ongoing and leading to millions of impressions and consumer connects online. Consumer response to our campaigns has been overwhelming helped by the huge fan following for our brand ambassador and legend MS Dhoni and the Chennai Super Kings team. We are also seeing significant traction in Adblue, an environment-friendly product and we are continuously enhancing our reach and capabilities to cater to this growing demand. We continue to look at evolving e-Mobility space in India and exploring areas where Gulf can play a key role basis synergies with our current strengths and future strategies”.





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Investment recommendation

Base oil costs trend key monitorable…
Call Date
30 May 2022
Entry Price 412.00
Target Price 440.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Gulf Oil Lubricants India Ltd Stocks COMPARISION


Equity Capital: 1,042.69 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78
Gulf Oil Lubricants India Limited - Loss of Share Certificates

May 26, 2023 l NSE Announcement

Gulf Oil Lubricants India Limited - Loss of Share Certificates

May 24, 2023 l NSE Announcement

Gulf Oil Lubricants India Limited - Other General Purpose

May 23, 2023 l NSE Announcement

Date Action Type Ratio
Sep 08, 2022 Dividend 250
Sep 08, 2021 Dividend 450
Feb 16, 2021 Dividend 350

Gulf Oil Lubricants India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

IN Centre 49/50 12th Road, MIDC Andheri (E), Mumbai, Maharashtra, 400093

Tel : 91-022-66487777
Email : secretarial:gulfoil.co.in
Website : http://www.gulfoilindia.com

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 538567
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE635Q01029

FAQ’s on Gulf Oil Lubricants India Ltd Shares

You can buy Gulf Oil Lubricants India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gulf Oil Lubricants India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2023 03:55 PM the closing price of Gulf Oil Lubricants India Ltd was ₹ 453.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 30, 2023 03:55 PM, the market cap of Gulf Oil Lubricants India Ltd stood at ₹ 2,223.66.

The latest PE ratio of Gulf Oil Lubricants India Ltd as of May 30, 2023 03:55 PM is 9.55

The latest PB ratio of Gulf Oil Lubricants India Ltd as of May 30, 2023 03:55 PM is 0.53

The 52-week high of Gulf Oil Lubricants India Ltd is ₹ 499.95 while the 52-week low is ₹ 381.05

According to analyst recommendations, Gulf Oil Lubricants India Ltd has a “Buy” rating for the long term.

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