Gulf Oil Lubricants India Ltd - Stock Valuation and Financial Performance

BSE: 538567 | NSE: GULFOILLUB | Lubricants | Small Cap

Gulf Oil Lubricant Share Price

1,062.70 -29.00 -2.66%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Gulf Oil Lubricant

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Gulf Oil Lubricants India stock performance -

mw4me loader
P/E Ratio (SA):
18.34
Market Cap:
5,225.1 Cr.
52-wk low:
402
52-wk high:
1,116.7

Is Gulf Oil Lubricants India Ltd an attractive stock to invest in?

1. Is Gulf Oil Lubricants India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gulf Oil Lubricants India Ltd is a good quality company.

2. Is Gulf Oil Lubricants India Ltd undervalued or overvalued?

The key valuation ratios of Gulf Oil Lubricants India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Gulf Oil Lubricants India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Gulf Oil Lubricants India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Gulf Oil Lubricant:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gulf Oil Lubricants India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -12.7%44.1%26.5%25.5%26.2%23.7%22.2%19.3%17.7%17.6%-
Value Creation
Index
-1.92.30.90.80.90.70.60.40.30.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 09671,0111,0871,3321,7061,6441,6522,1922,9993,223
Sales YoY Gr.-NA4.5%7.5%22.6%28%-3.6%0.5%32.7%36.8%-
Adj EPS -1.115.420.123.731.835.540.439.741.94757.9
YoY Gr.-NA30.2%18%34.3%11.7%13.9%-1.7%5.3%12.2%-
BVPS (₹) 8.437.749.669.491.3114.9149.7171.2205.6238.2261.1
Adj Net
Profit
076.499.5118158177203200211230285
Cash Flow from Ops. 18.613111813411017237194-23.7273-
Debt/CF from Ops. 01.61.71.32.316.61.51-15.11.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA17.6%22.2%36.8%
Adj EPS NA8.1%5.1%12.2%
BVPS44.9%21.2%16.8%15.8%
Share Price - 3.7% 14.6% 154.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-12.781.645.73938.433.630.124.522.120.723.2
Op. Profit
Mgn %
013.115.616.317.716.617.5161311.412.2
Net Profit
Mgn %
07.99.810.811.810.412.312.19.67.78.8
Debt to
Equity
01.20.80.50.60.50.50.20.30.3-
Working Cap
Days
05212312011512515015514413199
Cash Conv.
Cycle
020322123385149625847

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.20%

Sales growth is growing at healthy rate in last 3 years 22.18%

Sales growth is good in last 4 quarters at 13.75%

Net Profit has been subdued in last 3 years 5.11%

Latest Financials - Gulf Oil Lubricants India Ltd.

Standalone Consolidated
TTM EPS (₹) 57.9 57.7
TTM Sales (₹ Cr.) 3,223 3,224
BVPS (₹.) 261.1 260.8
Reserves (₹ Cr.) 1,274 1,272
P/BV 4.07 4.08
PE 18.34 18.41
From the Market
52 Week Low / High (₹) 402.00 / 1116.65
All Time Low / High (₹) 221.00 / 1116.65
Market Cap (₹ Cr.) 5,225
Equity (₹ Cr.) 9.8
Face Value (₹) 2
Industry PE 21.3

Management X-Ray of Gulf Oil Lubricant:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gulf Oil Lubricant

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales09671,0111,0871,3321,7061,6441,6522,1922,999
Operating Expenses 08418539101,0971,4231,3571,3881,9062,657
Manufacturing Costs0838998120160148148217279
Material Costs05324915316198297347871,1471,646
Employee Cost 044577183102114116117135
Other Costs 0182216210276332362336425597
Operating Profit 0126158177235283287265285342
Operating Profit Margin (%) -13.1%15.6%16.3%17.7%16.6%17.5%16.0%13.0%11.4%
Other Income 0121921263035534448
Interest 018181091525151038
Depreciation 0567102233343640
Exceptional Items 0000000000
Profit Before Tax 0116153181243275265269284313
Tax 0395364849762697380
Profit After Tax 077100118159178203200211232
PAT Margin (%) -8.0%9.9%10.8%11.9%10.4%12.3%12.1%9.6%7.7%
Adjusted EPS (₹)-1.115.620.223.731.935.740.439.841.947.4
Dividend Payout Ratio (%)0%35%35%36%33%32%35%40%12%53%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 01872463444545727508611,0371,168
Share Capital 0101010101010101010
Reserves 01772363344445627408511,0271,158
Minority Interest0000000000
Debt0215195178248283354198357332
Long Term Debt0000000000
Short Term Debt0215195178248283354198357332
Trade Payables097131133223196259290271391
Others Liabilities 3499245145177181161145235267
Total Liabilities 345988168011,1011,2331,5231,4941,9002,157

Fixed Assets

Gross Block34124147125278309341338383411
Accumulated Depreciation03440718396185110134
Net Fixed Assets3489107118260270280254273277
CWIP 08229611433
Investments 0334455203688
Inventories0142157150237339328377476472
Trade Receivables0114106110135151187189335410
Cash Equivalents 0180235290326293551496574654
Others Assets062205101133175171155202252
Total Assets 345988168011,1011,2331,5231,4941,9002,157

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1913111813411017237194-24273
PBT 0116153181243275265269284313
Adjustment 01512014283639
Changes in Working Capital 1934214-63-17228-23-23815
Tax Paid 0-34-50-62-71-90-84-55-76-93
Cash Flow From Investing Activity -19-29-3-10-51-221730-1730
Capex -19-35-18-42-107-49-18-8-25-23
Net Investments 0-3-10000-14-14-10
Others 091632572736522163
Cash Flow From Financing Activity 020-79-599-295-27798-202
Net Proceeds from Shares 00022311740
Net Proceeds from Borrowing 0000000000
Interest Paid 0-14-18-10-8-15-16-18-7-34
Dividend Paid 0-11-38-44-53-65-42-104-45-25
Others 045-23-7684753-162146-143
Net Cash Flow 0122366568-34259-5457102
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/A82.7246.3639.8639.7434.6630.6324.8322.2421.07
ROCE (%)N/A66.4740.4539.1340.2836.6129.1625.9723.8324.08
Asset Turnover Ratio03.531.651.561.451.461.191.11.291.48
PAT to CFO Conversion(x)N/A1.71.181.140.690.11.170.97-0.111.18
Working Capital Days
Receivable Days0373431323137424445
Inventory Days0464744516274787158
Payable Days0338591105921131278973

Gulf Oil Lubricants India Ltd Stock News

Gulf Oil Lubricants India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gulf Oil Lubricant on 12-Apr-2024 16:59 is ₹1,062.7.
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 12-Apr-2024 16:59 the market cap of Gulf Oil Lubricant stood at ₹5,225.1.
The latest P/E ratio of Gulf Oil Lubricant as of 12-Apr-2024 16:59 is 18.34.
The latest P/B ratio of Gulf Oil Lubricant as of 12-Apr-2024 16:59 is 4.07.
The 52-week high of Gulf Oil Lubricant is ₹1,116.7 and the 52-week low is ₹402.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gulf Oil Lubricant is ₹3,223 ( Cr.) .

About Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, is an established player in the Indian Lubricants Industry. Gulf Oil International (GOI), parent of GOLIL, owns the Gulf brand globally (except USA, Spain & Portugal). Previously a part of Gulf Oil Corporation Limited, today, GOLIL, as part of the parent company GOI, enjoys a presence in many countries.

With operations primarily in the Automotive and Industrial segments, and a leading presence in the open market through a stellar distributor network, GOLIL supply directly to OEMs and other B2B customers (Industries, Infrastructure, Mining & Fleet Customers, State Transport and Government Undertakings).

Business area of the company

Gulf Oil Lubricants India is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants.

Products and services offered by the company

  • Automotive Lubricants
  • Industrial Lubricants
  • Batteries
  • Marine

Awards

FY 2017-18

  • Won the World Training and Development Leadership Award from the World HRD Congress
  • Won the Brandon Hall Excellence award 2017
  • Gulf Oil India won the ‘best team of the year’ award in Gulf Oil International’s Global Conference in Dubai

FY 2018- 19

  • Gulf MLP - Master Mechanic - won ‘Best Loyalty Program in Auto Sector’ in the 12th Customer Loyalty Summit, 2019 - Customer Fest Show.
  • Gulf MLP - Master Mechanic - won ‘Best Influencer Marketing Platform Award’ in the Mar Tech Leadership Awards, 2019.
  • Flame Asia Silver award for ‘Agriculture and Allied Campaigns’
  • Gold at the ACEF awards for ‘Effective Customer Engagement campaign for Brand Awareness’
  • Chennai facility has been awarded “Gold Level Certification” by the Indian Green Building Council (IGBC).

FY 2019-20

  • India’s most admired automobile lubricant brand, 2019 Gulf Oil was adjudged “India’s Most Admired Automobile Lubricant Brand” and Ravi Chawla, MD & CEO, was selected as one of “India’s most Inspirational Leader” by WPI in their India’s Most Admired Brands/ Companies and Leaders for 2019-20.
  • Won 2 golds at the WOW Awards Asia 2020 which are among the most prestigious on-ground activation awards in the industry
  • Suraksha Bandhan campaign created a Guinness World Record for ‘The Longest Line Of Postcards’
  • Gold at the Singapore Customer Engagement Awards
  • Silver at the Flame Awards Asia, 2019
  • Two Gold and one Bronze at the ACEF Global Awards, 2019
  • Felicitation of Gulf Supreme Tractotsav winners by the Uttar Pradesh Agriculture minister at a grand meet in Lucknow on ‘Krishi Diwas’
  • Champion of the Champions award for the best loyalty programme of the year
  • The most innovative program of the year for Gulf-Zomato Partnership.
  • Gulf Unnati programme won the Best Channel Loyalty Program award at ‘The Customers Fest Awards 2020 - 13th edition’

Milestones

  • 1920- Gulf introduced in India by Silvertown Lubricants, UK, through its Indian subsidiary.
  • 1930- Gulf Oil India Ltd is formed with the acquisition of Silvertown by Gulf.
  • 1974- Gulf Oil India Ltd becomes part of the JP Goenka group and is renamed as Petrosil India.
  • 1984- Hinduja Group acquires rights to Gulf brand globally and also picks up 26% stake in the Indian entity.
  • 1993- Gulf Oil India set up by the Hinduja Group.
  • 2002- Hinduja merges Gulf Oil India with IDL Industries to form Gulf Oil Lubricants India Limited.
  • 2006- Gulf Oil redefines performance standards of Diesel Engine Oils segment with the launch of Gulf SUPERFLEET LE Max which had a drain interval of 36,000 km.
  • 2007- Gulf Pride 4T Plus, India’s first motorcycle engine oil with a drain interval of 10,000 km is launched. The claim has been rigorously tested both internally (by M/s Sportscraft) and externally (by IADADA).
  • 2008- Gulf Oil, as a pioneer initiative in the Industry, participated in the IPL for the first time by sponsoring KXIP. This initiative was followed up by a rich history of Gulf’s Involvement with IPL s as Gulf sponsored CSK and RPSG in the coming years.
  • 2009- Gulf MAX range of New Generation passenger car motor oils introduced from global portfolio, with MX4 Technology and industry leading technical specifications.
  • 2010- Gulf SUPERFLEET LE Max becomes India’s first engine oil with a drain interval of 40,000 km.
  • 2011- Gulf-Mahindra co-brand introduced to deliver superior performance and customer satisfaction to India’s leading automaker with the launch of Gulf Super Diesel X-10, with a drain interval of 10,000 km. Gulf took the Indian auto sector by storm with the launch of GULF SUPERFLEET LE Dura Max, the first-ever 80,000 km drain interval engine oil.
  • 2011- Gulf Oil India signed up Mahindra Singh Dhoni as its official Brand Ambassador that has being going from strength to strength and has become an integral part of ‘Gulf Oil’ Brand’s Success.
  • 2012- Gulf’s portfolio for the Mining & Construction sector strengthened through a tie up with L&T Komatsu and launch of the Gulf Super Duty LTK range of hydraulic and engine oils.
  • 2013- Gulf cracked an OEM partnership with Mahindra and Swaraj for creating co-branded oils for Tractors.
  • 2014- Gulf entered into an exclusive partnership with Whitmore, a giant in specialty lubricant, as their official distributor in India.
  • 2015- GOI entered into a global partnership with the Manchester United, one of the top clubs globally, as their esteemed partners.
  • 2016- Gulf cracked an OEM partnership with Bajaj, India’s no.2 in Motorcycle Manufacturing, for manufacturing and supplying Genuine Oil for Motorcycle, both Domestic as well as Global.
  • 2017- Universal Tractor Transmission oil for an OEM with 1200hr drain interval.
  • 2017- Established long drain prowess with new environment friendly technology coolant with change period of 3,00,000 km.
  • 2018- Introduced OEM co-branded axle oil for with 120,000km and 1500hr drain interval.
  • 2018- Gear Oil launched for an OEM with drain interval extension up to 3000 hr.
  • 2019- Industrial products has been launched namely Heavy Duty Industrial Grease - Gulf Crown HD Blue and High Performance Hydraulic Oil - Gulf Harmony AW Premium
  • 2020- Gulf Oil Lubricants India (Gulf Oil) has renewed its strategic partnership with Bajaj Auto for three years.
  • 2020- Gulf Oil Lubricants enters into long term strategic partnership with S-Oil Corporation
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