NSE Symbol: BPCL | BSE Code: 500547
Bharat Petroleum is headquartered in Mumbai, India. It is a state-controlled company and owned by the Indian Government. It was considered the 358th most significant company in the world in a list of the world's 500 biggest companies as compiled by Forbes. It contains two major refineries, one at Mumbai and the other at Kochi. The company is also indulged in the distribution of its brands of LPG, aviation fuel, automobile lubricants, and natural gas. Its lubricant division produces automobile lubricants for diesel vehicles, petrol vehicles and two- and three-wheelers. Another product offered by Bharat Petroleum is 'Bharat Iftex' which is a multi-functional additive. It began through the collaboration between Bharat Petroleum Corporation Limited and Iftex Petrochemicals Limited. Bharat Petroleum Corporation Limited operates on the international stage too, making some oil field discoveries in different countries including Brazil and Mozambique.
The history of Bharat Petroleum Corporation Limited began with the Burma Oil Company that was incorporated in Scotland in 1886. This company was a dominant player in the South Asian oil market. In the meantime, three companies, Royal Dutch, Shell, and Rothschild's formed a company called Asiatic Petroleum. The three companies formed Asiatic Petroleum to counter the influence of the biggest oil company, run by Rockefeller. The Indian wing of Asiatic Petroleum joined with Burma Oil Company to build the Burmah-Shell Oil Storage in 1928. In 1976, the GoI took control of Burmah Shell and formed Bharat Refineries Limited. In 1977, The name was changed to Bharat Petroleum Corporation Limited.
Mr. D. Rajkumar is the Chairman and MD of Bharat Petroleum Corporation Ltd. There are eight Independent Directors, two Government Directors, and four Directors.
The registered office of BPCL
Bharat Bhavan, 4 and 6 Currimbhoy Road, Ballard Estate, Mumbai â€“ 400001, India.
Tel: 022 â€“ 22713000; 022 â€“ 22714000
Fax: 022 â€“ 22713874
The total income of BPCL in the third quarter of the fiscal year 2017â€“2018 was Rs.70,922.56 crore, which was higher than the total revenue in the previous quarter at Rs.64,927.71 crore as per unaudited financial reports of the quarter ending in 2017.
The total revenue of the company in the fiscal year 2016â€“2017 was Rs.64,646.70 crore, in the third quarter.
Total expenses increased from Rs.61,475.13 crore in the second quarter of the financial year 2017â€“2018 to Rs.67,884.55 crore in the third quarter of the same fiscal.
The PBT for the financial year 2017â€“2018 was Rs.3,038.01 crore in the third quarter, and in the previous quarter, the company had PBT of Rs.3,452.58 cr.
Net profit for the company in the financial year 2017â€“2018 was Rs.2,143.74 crore, in the third quarter.
In January 2018, BPCL's stock began with an average price of about Rs.508, but within the first week, the stock dropped down to below Rs.500. The lowest price of the stock for January month was at Rs.469.
The first week of February 2018 saw the stock rise to about Rs.490. However, it did not last long, and the stock started showing downfall. The stock closed by the month end at about Rs.429.
In March 2018, the stock picked an upward trend that was an indication of higher prices than the previous month. The stock opened at about Rs.441 on the first day of March and jumped steadily at a rate of nearly Rs.462 in middle of the month.
BPCL is a Maharatna company from September 2017, indicating that it is one of the best public sector companies to invest.
It has a proven past performance record.
The BPCL has extended its product range to consist of all products that are used by automobiles, ranging from the fuel to lubricants.
It has discovered natural gas reserves present on the Mozambique Coast.
Off the coast of Indonesia, the company has located oil deposits. In Brazil, the company has identified hydrocarbon reserves.
In inland Tamil Nadu, the company has discovered hydrocarbon deposits. The BPCL has discovered gas deposits in the Cauvery Basin of India through a partnership with ONGC.
Keeping all the given reasons in mind about investing in BPCL, it is better to research based on the risk involved, before making any investment.
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Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.