The Bharat Petroleum Corporation Limited or BPCL belongs to Nifty 50 group of companies. For this reason fluctuations in BPCL share price affects the benchmark index.
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BPCL Share Price Graph
Founded in 1952, Bharat Petroleum Corporation Limited is a large cap company in Indian petroleum sector. Bharat Petroleum Corporation Limited has a long history associated with it. Before independence Burmah Oil Company, which later formed Burmah Shell Group of Companies, were active in the search and extraction activity of crude oil in India. It was also doing refining activities of crude oil from the start. Later in 1976, the India government took over the company and named it Bharat Refineries Limited. In 1977, the Indian government again changed its name to Bharat Petroleum Corporation Limited.
BPCL was always indigenous at its approach. It was the first company in India to extract crude oil from under the sea. Bombay High is the example of it which extracts oil from under sea bed and sends to the refinery for producing fuel.
The Bharat Petroleum Corporation Limited earns its revenue by marketing petroleum products. It extracts crude which is sent to refineries for the production of different petroleum products like ATF (Aviation Turbine Fuel), Kerosene, Diesel, Petrol, Naptha, Petroleum Jelly, Mobil Oil and Grease. The company distributes the produces through a network of 1007 kerosene dealers and 6553 retail outlets. A strong backup of exploration and research activity supports the company.
In addition, it sells Liquid Petroleum Gas (LPG) to a vast 25 million households through its subsidiary the Bharatgas. Bharatgas operates through a network of 2137 distributors of LPG across the country.
The company has two modern refineries in Kochi and Mumbai.
BPCL supplies naphtha to AP Transco of Andhra Pradesh for its operation of four power plants. BPCL is committed to supplying sufficient amount of naphtha to the company as and when necessary.
BPCL also has 8000 strong customer base in the industrial sector. It has a big fleet of 5200 tankers which are constantly monitored by the company through GPS tracker. This advanced step has increased its revenue by reducing wastage and theft.
The company also has a business tie-up with big food chain companies like Pizza Hut, Subway, Mcdonalds, Cafe Coffee Day, Nirulas which also compounds its revenue.
Company Financials – BPCL share price is Rs 673.70 (as on 16.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 12.12 versus average industry PE of 12.89, EPS is Rs 55.59. Market cap is Rs 97,428 crores. The face value of a share is Rs 10.
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