| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,409 | 967 | +45.7% |
| EBITDA | 164 | 117 | +39.3% |
| EBITDA margin | 11.6% | 12.1% | −0.5 pts |
| Profit before tax | 154 | 113 | +36.1% |
| Net profit | 115 | 84.0 | +36.4% |
| EPS | ₹23.30 | ₹17.35 | +34.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 5,253 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,269 | 1,136 | 1,026 | 703 | 650 | ||
| 44.1 | 47.3 | 69.5 | 71.9 | 0.0 | ||
| 514 | 514 | 422 | 333 | 332 | ||
| 4,543 | — | — | — | — | ||
| 4,809 | 4,056 | 3,631 | 3,301 | 2,999 | ||
| — | +11.7% | +10.0% | +10.1% | — | ||
| 598 | 514 | 472 | 421 | 343 | ||
| 12.4% | 12.7% | 13.0% | 12.8% | 11.4% | ||
| 521 | 445 | 417 | 370 | 303 | ||
| 401 | 345 | 357 | 308 | 232 | ||
| 8.3% | 8.5% | 9.8% | 9.3% | 7.8% | ||
| ₹81.94 | ₹70.37 | ₹72.84 | ₹62.34 | ₹47.03 | ||
| — | −3.4% | +16.8% | +32.6% | — | ||
| — | 350 | 395 | 341 | 273 | ||
| — | −51.2 | −53.4 | −27.7 | −23.2 | ||
| 298 | 298 | 342 | 314 | 250 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 5,252.7 | |
| - Cash, Equiv & ST Investments | 650.4 | 703.2 | 1,026.1 | 1,135.9 | 1,268.6 | |
| + Minority Interest | 0.0 | 71.9 | 69.5 | 47.3 | 44.1 | |
| + Total Debt | 331.6 | 333.1 | 421.6 | 514.3 | 514.3 | |
| Enterprise Value | — | — | — | — | 4,542.5 | |
| Revenue | 2,999.1 | 3,301.2 | 3,631.2 | 4,056.0 | 4,808.7 | |
| Growth %, YoY | — | +10.1 | +10.0 | +11.7 | — | |
| EBITDA | 342.8 | 421.0 | 472.3 | 513.9 | 598.4 | |
| Margin % | 11.43 | 12.75 | 13.01 | 12.67 | 12.44 | |
| EBIT | 303.2 | 370.3 | 416.5 | 444.7 | 520.8 | |
| Net Income | 232.3 | 308.0 | 357.4 | 344.8 | 401.1 | |
| Margin % | 7.75 | 9.33 | 9.84 | 8.50 | 8.34 | |
| EPS, Adj (current shares) | 47.03 | 62.34 | 72.84 | 70.37 | 81.94 | |
| Growth %, YoY | — | +32.6 | +16.8 | -3.4 | — | |
| Cash from Operations | 273.3 | 341.4 | 395.3 | 349.7 | — | |
| Capital Expenditures | -23.2 | -27.7 | -53.4 | -51.2 | — | |
| Free Cash Flow | 250.1 | 313.7 | 341.9 | 298.5 | 298.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Gulf Oil Lubricants India (NSE: GULFOILLUB) had a market capitalisation of ₹5,104 crore at the 29 October 2026 close (₹1,030.00 a share), a PE ratio of 12.6 on the last four quarters' profit and a price-to-book ratio of 3.11. In FY26 its consolidated net profit attributable to shareholders was ₹348 crore on revenue of ₹4,056 crore; in Q2 FY27 (July–September 2026) it was ₹115 crore, up 34.9% year on year. Its debt-to-equity ratio was 0.46 on 30 September 2026. Promoters held 66.80% of the shares on 30 September 2026.
Gulf Oil Lubricants India's PE ratio is 12.6 at the 29 October 2026 close (₹1,030.00 a share): a market capitalisation of ₹5,104 crore divided by consolidated net profit attributable to shareholders of ₹405 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹348 crore) it is 14.7.
Gulf Oil Lubricants India's price-to-book (PB) ratio is 3.11 at the 29 October 2026 close: a market capitalisation of ₹5,104 crore divided by shareholders' equity (book value) of ₹1,639 crore on 30 September 2026. That is a book value of ₹330.71 per share against a share price of ₹1,030.00.
Gulf Oil Lubricants India's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,639 crore on 30 September 2026, down 0.6% from ₹1,649 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,104 crore at the 29 October 2026 close.
Gulf Oil Lubricants India's market capitalisation was ₹5,104 crore at the 29 October 2026 close: 4.96 crore shares at ₹1,030.00 each.
No. Gulf Oil Lubricants India had borrowings of ₹774 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.46. Its cash and current investments were ₹1,297 crore, so it held net cash of ₹523 crore.
Gulf Oil Lubricants India's basic earnings per share (EPS) were ₹70.47 in FY26, against ₹73.09 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹81.85.
Gulf Oil Lubricants India's debt-to-equity ratio was 0.46 on 30 September 2026: borrowings of ₹774 crore against total equity of ₹1,683 crore. A year earlier, on 30 September 2025, it was 0.27.
Gulf Oil Lubricants India's book value per share was ₹330.71 on 30 September 2026: shareholders' equity of ₹1,639 crore divided by the 4.96 crore shares in issue, down 1.1% from ₹334.30 a year earlier. The share price at the 29 October 2026 close was ₹1,030.00.
In 2026, Gulf Oil Lubricants India has declared two dividends totalling ₹51 a share: ₹21 (interim) with record date 13 February 2026 and ₹30 with record date 4 September 2026.
In FY26, Gulf Oil Lubricants India's return on equity (ROE) was 23.2% and its return on capital employed (ROCE) was 27.1%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 26.1% and ROCE 27.6%.
Gulf Oil Lubricants India's dividend yield is 4.95% at the 29 October 2026 close: dividends of ₹51 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,030.00. They were ₹30 on 4 September 2026 and ₹21 on 13 February 2026 (interim).
On 30 September 2026, Gulf Oil Lubricants India's shares were held by promoters 66.80%, foreign portfolio investors (FII/FPI) 8.63%, domestic institutions (DII) 7.91% (including mutual funds at 5.98%) and retail and other non-institutional investors 16.33%. Over the year, FII holding was down 0.90 percentage points from 9.53% and DII holding was up 0.46 percentage points from 7.45%.
Promoters held 66.80% of Gulf Oil Lubricants India on 30 September 2026, down 0.05 percentage points from 66.85% the previous quarter and down 0.31 percentage points from 67.11% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Gulf Oil Lubricants India generated ₹350 crore of cash from operations and spent ₹51.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹298 crore. In FY25 it was ₹342 crore.
Gulf Oil Lubricants India's latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit attributable to shareholders ₹115 crore, up 34.9% from ₹85.6 crore in Q2 FY26; revenue from operations ₹1,409 crore, up 45.7% year on year.
In FY26 (April 2025–March 2026), Gulf Oil Lubricants India's consolidated net profit attributable to shareholders was ₹348 crore, down 3.4% from ₹360 crore in FY25, on revenue from operations of ₹4,056 crore (up 11.7%). Over three years, from FY23, net profit was up 49.6%.
Gulf Oil Lubricants India has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Gulf Oil Lubricants India's PE ratio is 14.7, the second highest of the four: Savita Oil Technologies 24.5, Panama Petrochem 12.8 and Veedol Corporation 11.9, a peer average of 16.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Savita Oil Technologies, Panama Petrochem and Veedol Corporation: Gulf Oil Lubricants India's operating margin of 11.0% is the highest of the four (Savita Oil Technologies 5.0%, Panama Petrochem 8.5%, Veedol Corporation 8.9%; peer average 7.5%); its return on equity of 23.2% is the highest of the four (Savita Oil Technologies 10.5%, Panama Petrochem 15.6%, Veedol Corporation 19.7%; peer average 15.2%); its revenue growth over three years of 10.6% a year is the second highest of the four (Savita Oil Technologies 6.3% a year, Panama Petrochem 10.9% a year, Veedol Corporation 5.4% a year; peer average 7.5% a year).
In FY26, Gulf Oil Lubricants India earned net profit attributable to shareholders of ₹348 crore on revenue of ₹4,056 crore, against ₹182 crore on ₹4,363 crore for Savita Oil Technologies. Gulf Oil Lubricants India's operating margin was 11.0% (Savita Oil Technologies 5.0%) and its return on equity 23.2% (Savita Oil Technologies 10.5%). At the 29 October 2026 close, Gulf Oil Lubricants India's market capitalisation was ₹5,104 crore against ₹4,452 crore for Savita Oil Technologies, and its PE ratio on FY26 profit 14.7 against 24.5.
From Gulf Oil Lubricants India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.