Gulf Oil Lubricants is one of the leading private companies in the domestic lubricants business.
Gulf Oil’s profitability was driven by better gross margins YoY.
Commenting on the performance, Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India , said, “We have had an excellent quarter, maintaining our growth momentum. In the financial year, we have gained market share in B2B and B2C, expanded our distribution, and launched new products across segments which have been innovative and value driven. This clearly showcases our relentless efforts towards yet another unstoppable performance setting standards for the industry.
Our success spanned various categories, strong growth in AdBlue® and strategic focus on premium products. We are continuously growing by capitalizing on robust distribution and brand initiatives as our strong pillars of growth. Our key focus remains on strategic, sustainable, and profitable growth across our portfolio over long term in line with our segment-wise focus and brand strategies.
With a positive outlook, we believe that the company will continue to deliver industry leading performance driven by our sustained focus on increasing market share, growing distribution, brand activations, enhancing our focus on premiumisation and leveraging our strengths to growing our business in e-mobility with the strategic acquisitions made.
As we unlock the next level of growth, we anticipate market demand to keep growing in coming years due to strong GDP growth, significant manufacturing and infrastructural impetus, acceleration in automotive industry, increased vehicle penetration levels and shift towards more inclusive rural and urban development. Robust domestic demand and a growing middle class will help sustain India's growth momentum and remain in the bright spot for coming years”
Manish Gangwal, CFO, Gulf Oil Lubricants India Ltd commented “Our continuous efforts on maintaining operational excellence and enhance profitability helped us achieve another remarkable year of industry leading performance. Amidst some variation in input cost towards the end of FY24, we showcased our prudent margin management efforts and focused on a better product mix translating to quarterly EBITDAof Rs 115.04 crore, sustaining at 13.49% EBITDA to revenue.
Our Revenues have witnessed near 10% growth for the year and profitability registered significant growth of 37% during the quarter over the same period last year and 33% growth for full year showcasing our efforts towards driving business excellence.
Drawing a lot of confidence from the overall performance and cash flow generations from business, in order to maximize shareholders value, the Board has declared final Dividend of Rs 20.00 per equity share, amounting to 1,000% on the Face Value of Rs 2 per Share. Total dividend for the full year at Rs 36.00 per equity share (including Interim dividend of Rs 16 per share i.e., 800% on FV of Rs 2 per share paid in Feb'24).
Going forward, our strategic focus remains clear. We are committed to outperform the industry with 2-3x of volume and value growth, effective margin management, enhancing profitability and maximizing return to shareholders.”
| Financials( ₹ in Cr) | Gulf Oil Lubricants India Ltd | Pidilite Industries Ltd | Linde India Ltd | SRF Ltd | Deepak Nitrite Ltd |
|---|---|---|---|---|---|
| Price | 1,216.20 | 3,175.15 | 8,617.50 | 2,394.60 | 2,799.10 |
| % Change | 1.26 | 0.43 | -0.73 | -0.22 | 2.72 |
| Mcap ₹ Cr | 5,983.22 | 161,490.99 | 73,493.49 | 70,981.93 | 38,177.76 |
| Revenue TTM ₹ Cr | 2,999.10 | 12,382.99 | 3,135.52 | 13,138.52 | 7,681.83 |
| Net Profit TTM ₹ Cr | 232.30 | 1,747.42 | 538.06 | 1,335.71 | 810.89 |
| PE TTM | 19.41 | 90.58 | 169.26 | 53.27 | 50.64 |
| 1 Year Return | 155.80 | 22.32 | 100.10 | 9.45 | 40.88 |
| ROCE | 23.39 | 29.30 | 16.29 | 12.52 | 21.56 |
| ROE | 20.92 | 22.37 | 14.70 | 12.25 | 16.38 |
Equity Capital: 1,178.43 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 21,424.68 | 50,451.86 |
| LAST 3M | 100,072.29 | 51,097.20 |
| LAST 6M | 183,053.48 | 43,859.44 |
| LAST 12M | 309,832.68 | 84,987.81 |
| Date | Action Type | Ratio |
|---|---|---|
| Feb 13, 2024 | Dividend | 800 |
| Aug 25, 2023 | Dividend | 1250 |
| Sep 08, 2022 | Dividend | 250 |
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.
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IN Centre 49/50 12th Road, MIDC Andheri (E), Mumbai, Maharashtra, 400093
| Tel | : | 91-022-66487777 |
| : | secretarial:gulfoil.co.in; info:gulfoil.co.in | |
| Website | : | http://www.gulfoilindia.com |
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| AGM Date (Month) | : | Sep |
| Face Value Equity Shares | : | 2 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 538567 |
| NSE Code | : | GULFOILLUB |
| Book Closure Date (Month) | : | |
| BSE Group | : | B |
| ISIN | : | INE635Q01029 |
FAQ’s on Gulf Oil Lubricants India Ltd SharesYou 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 Jul 16, 2024 03:55 PM the closing price of Gulf Oil Lubricants India Ltd was Rs.1,216.20.
The latest PE ratio of Gulf Oil Lubricants India Ltd as of Jul 16, 2024 03:55 PM is 19.41
The latest PB ratio of Gulf Oil Lubricants India Ltd as of Jul 16, 2024 03:55 PM is 0.22
The 52-week high of Gulf Oil Lubricants India Ltd share price is Rs. 1,349.00 while the 52-week low is Rs. 478.15
According to analyst recommendations, Gulf Oil Lubricants India Ltd Share has a "Buy" rating for the long term.
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 Jul 16, 2024 03:55 PM, the market cap of Gulf Oil Lubricants India Ltd stood at Rs. 5,983.22 Cr.
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