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Emkay Global has buy call on with a target price of Rs 510. The current market price of Bharat Petroleum Corporation is Rs 419.7. Time period given by analyst is one year when Bharat Petroleum Corporation Ltd. price can reach defined target.
Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 90609.69 Crore) operating in Gas & Petroleum sector.
Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 102596.50 Crore, up 43.76 % from last quarter Total Income of Rs 71365.44 Crore and up 106.38 % from last year same quarter Total Income of Rs 49713.32 Crore. Company reported net profit after tax of Rs 2725.07 Crore in latest quarter.
Investment Rationale
The brokerage values BPCL on a SOTP basis at 6.4x blended Dec’23E EV/EBITDA, BORL at 5x and investments with a 30% hold co discount. The Mozambique project has been valued at a 30% discount to the latest transaction value. Key risks are adverse petroleum prices/margins/currency, project delays and disinvestment uncertainties
Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of June 30, 2021, while FIIs held 13 per cent, DIIs 23.2 per cent and public and others 10.9 per cent.
Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 90609.69 Crore) operating in Gas & Petroleum sector.
Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 102596.50 Crore, up 43.76 % from last quarter Total Income of Rs 71365.44 Crore and up 106.38 % from last year same quarter Total Income of Rs 49713.32 Crore. Company reported net profit after tax of Rs 2725.07 Crore in latest quarter.
Investment Rationale
The brokerage values BPCL on a SOTP basis at 6.4x blended Dec’23E EV/EBITDA, BORL at 5x and investments with a 30% hold co discount. The Mozambique project has been valued at a 30% discount to the latest transaction value. Key risks are adverse petroleum prices/margins/currency, project delays and disinvestment uncertainties
Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of June 30, 2021, while FIIs held 13 per cent, DIIs 23.2 per cent and public and others 10.9 per cent.
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