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Bharat Petroleum Corporation Ltd
NSE:BPCL

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Bharat Petroleum Corporation Ltd
NSE:BPCL
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Price: 308.3 INR -0.48% Market Closed
Market Cap: ₹1.3T

EV/EBIT

4.7
Current
23%
Cheaper
vs 3-y average of 6.1

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
4.7
=
Enterprise Value
₹1.8T
/
EBIT
₹313.8B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
4.7
=
Enterprise Value
₹1.8T
/
EBIT
₹313.8B

Valuation Scenarios

Bharat Petroleum Corporation Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (6.1), the stock would be worth ₹400.27 (30% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+392%
Average Upside
168%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 4.7 ₹308.3
0%
3-Year Average 6.1 ₹400.27
+30%
5-Year Average 5.9 ₹385.39
+25%
Industry Average 15.3 ₹998.02
+224%
Country Average 23.3 ₹1 517.71
+392%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹1.8T
/
Jan 2026
₹313.8B
=
4.7
Current
₹1.8T
/
Mar 2026
₹328B
=
5.5
Forward
₹1.8T
/
Mar 2027
₹252.9B
=
7.1
Forward
₹1.8T
/
Mar 2028
₹235.5B
=
7.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Bharat Petroleum Corporation Ltd
NSE:BPCL
1.3T INR 4.7 5.4
JP
Fuji Oil Co Ltd
F:ACK
77.2T EUR -1 507 979.7 -1 805 607.9
IN
Reliance Industries Ltd
NSE:RELIANCE
18.2T INR 14.9 21.8
US
Valero Energy Corp
NYSE:VLO
69.9B USD 17.2 30.2
US
Marathon Petroleum Corp
NYSE:MPC
65.2B USD 11.3 16.4
US
Phillips 66
NYSE:PSX
64B USD 19.1 14.9
PL
Orlen SA
PSE:PKN
859.7B CZK 5.9 13.3
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
149.9B PLN 6 13.5
FI
Neste Oyj
OMXH:NESTE
19.9B EUR 49.3 142.5
JP
ENEOS Holdings Inc
TSE:5020
3.5T JPY 65.8 18.9
IN
Indian Oil Corporation Ltd
NSE:IOC
2T INR 4.8 5.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Bharat Petroleum Corporation Ltd
NSE:BPCL
Average EV/EBIT: 19.9
4.7
8%
0.6
JP
Fuji Oil Co Ltd
F:ACK
Negative Multiple: -1 507 979.7 N/A N/A
IN
Reliance Industries Ltd
NSE:RELIANCE
14.9
14%
1.1
US
Valero Energy Corp
NYSE:VLO
17.2
11%
1.6
US
Marathon Petroleum Corp
NYSE:MPC
11.3
-1%
N/A
US
Phillips 66
NYSE:PSX
19.1
20%
1
PL
O
Orlen SA
PSE:PKN
5.9
-6%
N/A
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
6
-6%
N/A
FI
Neste Oyj
OMXH:NESTE
49.3
55%
0.9
JP
ENEOS Holdings Inc
TSE:5020
65.8
N/A N/A
IN
Indian Oil Corporation Ltd
NSE:IOC
4.8
25%
0.2

Market Distribution

Lower than 97% of companies in India
Percentile
3rd
Based on 2 572 companies
3rd percentile
4.7
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Bharat Petroleum Corporation Ltd
Glance View

Bharat Petroleum Corporation Ltd. (BPCL), one of India's leading oil and gas companies, traces its roots back to 1952, when it was incorporated as Burmah-Shell Oil Storage and Distributing Company of India Limited. Over the decades, it has evolved from a straightforward oil business to a dynamic energy powerhouse. The company is involved in every segment of the oil and gas supply chain, from refining crude oil into market-ready products at its major refineries to ensuring these products reach consumers through an extensive network of fuel retail outlets and distribution channels. The refining process, an intricate operation where crude oil is transformed into various fuels such as petrol, diesel, kerosene, and liquefied petroleum gas, serves as the lifeblood of BPCL’s operations, generating substantial revenue streams that fund its expansive enterprise. BPCL's profitability hinges on its adeptness at managing the complexities of the oil market, leveraging its robust infrastructure and logistics network to optimize the supply and distribution of fuel products across India. Beyond conventional fuels, the company has also embraced diversification into sustainable energy solutions, investing in renewable energy projects and innovation. This holistic approach not only buffers it against the volatility of global oil prices but also aligns with the global pivot towards sustainable energy practices. BPCL's business model is a careful balance between maximizing efficiencies in traditional oil and gas operations while strategically positioning itself in the evolving energy landscape. Its revenue generation thrives on the seamless integration of refining capabilities with an expansive marketing and distribution apparatus, ensuring it remains a cornerstone of India's energy sector.

BPCL Intrinsic Value
459.42 INR
Undervaluation 33%
Intrinsic Value
Price ₹308.3
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