BPCL, one of Leading Indian oil and gas companies, has been a popular stock between many investors for many years. In recent years, the company’s financial performance has been volatile, with the share price fluctuating between growth and decline. With the Indian economy improving and BPCL’s strong market position, many investors are wondering if BPCL is a good stock to buy and what the BPCL share price target might be in the coming years. In this article, we will examine BPCL’s financial performance in recent years and assess its future growth potential, with the aim of determining the BPCL share target price for the years 2023 to 2030.
In its Q4FY23 consolidated net profit, the state-owned oil marketing firm reported a 168% YoY and a 293% QoQ increase to 6,870 crore. The prior December quarter had a net profit of 1,747 crore reported by the corporation. BPCL suffered a large financial loss of 6,263 crore and 304 crore in the first and second quarters of FY23 while keeping the price of petrol and diesel despite a spike in crude prices brought on by Russia’s invasion of Ukraine. Because BPCL and other oil marketing companies (OMCs) did not adjust fuel prices during the April–June quarter, their operational expenditures grew, which hurt their bottom-line profits. As a result, BPCL’s operational costs decreased in the March quarter, falling 6.93% from the previous quarter to 1,06,958 crore. Operating costs were reported at 1,26,912 crore in the first quarter (Q1), 1,13,374 crore in the second, and 1,14,924 crore in the third. By reaching 1.3 lakh crore in Q4 as opposed to 1.24 lakh crore in the same quarter the year prior, the company’s operating revenue increased by about 8%. In terms of revenue sectors, the exploration and production of hydrocarbons segment posted revenue of 26.3 crore in the fourth quarter, compared to downstream petroleum’s 1.33 lakh crore. The net profit for the entire fiscal year 2022–2023 at BPCL was significantly down, falling by 81.75% to 2,131 crore from 11,682 crore in FY22. However, there was a rise in operating revenue for FY23, which rose to 5.33 lakh crore from 4.32 lakh crore the year before.The average gross refining margin (GRM) for BPCL in FY23 was 20.24 per barrel, up from 9.66 in FY22. It is significant to note that the effects of the Special Additional Excise Duty and the Road & Infrastructure Cess, which went into effect on July 1, 2022, are not included in these numbers.
Latest news about BPCL
➤Bharat Petroleum Corporation Ltd announced on that it has allotted Non-Convertible Debentures worth Rs 935.61 crore to eligible investors.
➤BPCL launches 6 Highway Corridors for Fast-Charging of e-vehicles.
How to purchase BPCL shares?
Below are the trading platforms that you can use to purchase BPCL shares:
BPCL Share Price Prediction: 2023 to 2030.
BPCL Share Price Prediction 2023.
|When||Maximum Price||Minimum Price|
The given table shows the projected BPCL share prices for each month of 2023. The maximum and minimum prices for each month are also given. As per the table, the highest projected price for BPCL shares is ₹626.19 in December 2023, while the lowest projected price is ₹246.83 in May 2023. This indicates that there could be a significant variation in the share price of BPCL throughout the year.
The table also shows that the share prices of BPCL are projected to grow steadily during the year, with a few minor dips. The growth percentage varies between 10% to 30% throughout the year, which indicates that the overall trend is bullish and uptrend.
BPCL Share Price Prediction 2024.
|When||Maximum Price||Minimum Price|
The given table represents the projected BPCL share prices for each month of 2024, along with the maximum and minimum prices. As per the table, the highest projected price for BPCL shares in 2024 is ₹876.70 in December, while the lowest projected price is ₹454.31 in May. This indicates a wide range of fluctuations in the share price of BPCL throughout the year.
The table shows that the projected share prices of BPCL are expected to have a mixed performance in 2024. While the first quarter of the year is projected to have a bullish trend, with the highest price of ₹779.60 in March, the share prices may experience some bearish sentiment during the mid-year period, with the lowest price of ₹545.17 in both April and June. However, the last quarter of the year is projected to be bullish with the highest price of ₹876.70 in December. Investors can use this information to evaluate the potential return on investment in BPCL shares in 2024.
BPCL Share Price Prediction 2025.
|When||Maximum Price||Minimum Price|
The given table represents the projected BPCL share prices for each month of 2025, along with the maximum and minimum prices. As per the table, the highest projected price for BPCL shares in 2025 is ₹1,063.45 in December, while the lowest projected price is ₹617.11 in May. This indicates a wide range of fluctuations in the share price of BPCL throughout the year.
The table shows that the projected share prices of BPCL are expected to have a mixed performance in 2025. While the first quarter of the year is projected to have a bullish trend, with the highest price of ₹988.36 in March, the share prices may experience some bearish sentiment during the mid-year period, with the lowest price of ₹617.11 in May. However, the last quarter of the year is projected to be bullish with the highest price of ₹1,063.45 in December.
Based on the projected prices, the average target for BPCL share price in 2025 is around ₹893, which is a significant upside from the current price levels. However, it is important to keep in mind that projections are not a guarantee of future performance and external factors could impact the actual performance of the company’s stock.
BPCL Share Price Prediction 2026-2030.
|Year||Maximum Price||Minimum Price|
Based on the data provided, BPCL’s share price is expected to have a mixed performance in the years 2026 to 2030. In 2026, the maximum share price target is ₹744.41, while the minimum is ₹521.09. This suggests a bearish trend for BPCL in 2026. However, in 2027, the maximum price is expected to increase to ₹632.75, although the minimum is still low at ₹442.93. In 2028, there is a significant increase in the maximum price, which is predicted to reach ₹1,138.95, while the minimum price is at ₹797.27. In 2029, the average target for BPCL is quite bullish with the maximum price predicted to reach ₹2,339.58 and the minimum to be ₹1,637.71. By 2030, the maximum price target is expected to be ₹2,605.44 and the minimum target price to be ₹1,823.81. It is important to note that these are only predictions and the actual performance of BPCL’s share price could be affected by various factors such as changes in the global economy, company-specific events, and market sentiment. Investors should conduct their own research and analysis before making investment decisions and not rely solely on share price predictions.
Financial Condition of BPCL: Last 5 years
|Profit before tax||14,173.52||12,905.37||3,651.57||22,432.02||16,036.73|
|Price to earning||10.29||11.05||22.5||5.74||6.67|
Over the last five years, BPCL’s financial performance has displayed fluctuations. The company’s revenue growth has been inconsistent, with a maximum of INR 3,46,791.08 lakhs in March 2022 and a minimum of INR 2,30,170.81 lakhs in March 2021. However, its profit growth has been more stable, with a maximum of INR 16,164.98 lakhs in March 2021 and a minimum of INR 3,055.36 lakhs in March 2020. In terms of percentage growth, BPCL’s net profit increased by a significant 68.66% between March 2020 and March 2021, while its operating profit margin (OPM) saw a peak of 9.12% in March 2021.
Despite facing some challenges, such as a decrease in profit before tax in March 2020, BPCL managed to recover in the following years, with a significant increase in profit before tax to INR 22,432.02 lakhs in March 2021.
In terms of dividends, BPCL’s dividend payout ratio has fluctuated over the years, with a maximum of 106.22% in March 2020 and a minimum of 29.17% in March 2022. Overall, BPCL’s financial performance has been characterized by ups and downs, with significant fluctuations in revenue growth, but stable profit growth and increasing EPS.
BPCL share price target by Experts.
Sharekhan on BPCL Ltd share price target.
Sharekhan has given a buy call on BPCL Ltd. According to him, you can continue buying BPCL share with a target price of Rs354.
Motilal Oswal on BPCL Ltd share price target.
Motilal Oswal has given a buy call on BPCL Ltd. According to him, you can continue buying BPCL share with a target price of Rs468.
BofA on BPCL Ltd share price target.
BofA: Perform poorly; goal is Rs 315
BofA maintained a “Underperform” rating with a Rs. 315 price objective on the BPCL shares. It stated that increasing domestic sales and refining helped the company’s Q4FY23 earnings to surpass projections. The decline in crude prices had a favourable effect on the marketing margins.
Nuvama Securities on BPCL Ltd share price target.
Buy Nuvama | Rs 442 as the target
We increase TP to Rs 442 and EBITDA to FY24/25E by 5% each, reflecting the good growth expectations. Strong structural potential; hold ‘BUY’; OCF (pre-WC) fell 36% YoY to Rs 134 bn on muted operations. GRMs will continue to be muted in the near future due to expected worries of a recession. The Golden refining age remains our central assumption, and we anticipate >USD10 GRMs beyond CY24.
HDFC Securities on BPCL Ltd share price target.
HDFC Securities: Add | 390 Rs. as the target
With a target price of Rs 390, our ADD rating on Bharat Petroleum (BPCL) is based on strong refining and marketing margins, which are offset by increased debt caused by an increase in working capital needs and expenditure. EBITDA for the fourth quarter of FY23 was Rs 11,200 while APAT was Rs 6,500, both of which were much higher than our projections thanks to the marketing segment’s stronger-than-anticipated performance.
What is BPCL’s current share price?
As of the latest trading session, BPCL’s share price is around INR 368.
What is BPCL’s share price target for 2023?
Based on analyst estimates, BPCL’s share price target for 2023 ranges from INR 550 to INR 700.
What is BPCL’s share price target for 2025?
Based on analyst estimates, BPCL’s share price target for 2025 ranges from INR 850 to INR 1100.
What is BPCL’s share price target for 2030?
Based on analyst estimates, BPCL’s share price target for 2030 ranges from INR 1500 to INR 2000.
Can BPCL’s share price reach INR 1000 by 2023?
It is unlikely that BPCL’s share price will reach INR 1000 by 2023, as analyst estimates suggest a lower range of targets.
Can BPCL’s share price reach INR 1000 by 2025?
Based on analyst estimates, it is possible for BPCL’s share price to reach INR 1000 by 2025, but it is not guaranteed.
Is BPCL a good stock to invest in?
As with any investment, there are risks involved, but BPCL has shown consistent revenue and profit growth in recent years and may be a good investment option for some investors.
What factors can affect BPCL’s share price?
Factors such as changes in global oil prices, government policies, and competition can affect BPCL’s share price.
Price-to-earnings ratio: -41.31
Price-to-book ratio: 1.55
Earnings per share: 0
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Finally, over the last five years, BPCL has consistently increased its revenue and profits. From March 2018 to March 2022, the company’s revenue increased by 46.9%, while its net profit increased by 29.8%. The company has also maintained a healthy dividend payout ratio, with an average of 66.28% over the last five years. Looking ahead, BPCL’s share price target for 2023 to 2030 indicates a median price target of ₹1,365.91, with a maximum price of ₹2,605.44 and a minimum price of ₹442.93. BPCL shareholdings are a great investment option for long-term investors who’re prepared to weather market fluctuations based on the company’s financial growth and achievement prospects.
Neelam is a talented writer and financial analyst, currently studying at Hansraj College. She is a regular contributor to Trickyfinance, where she covers a range of topics including price prediction, stock market news, and market analysis. Neelam’s passion for finance and economics led her to pursue a writing career in the financial industry, where she has gained valuable experience and insights into the workings of the market. In her free time, Neelam enjoys reading and conducting her own market analysis to stay up-to-date with the latest trends and developments in the industry.