BPCL Share Price: Stock Analysis, History, and Forecast

BPCL (Bharat Petroleum Corporation Limited) is an Indian government-owned oil and gas company. Known as the second largest downstream oil corporation in India, it is also amongst the most talked about companies in the share market.

The company’s share performance and reputation have been attracting people to invest in its stock for years now. If you’re thinking about investing in BPCL too and are keen to learn about Bharat Petroleum’s share price, we’ve got you covered.

BPCL Share Price

As of 8th March 2022, the BPCL stock opened with ₹337.80 on NSE and ₹338.00 on the BSE stock exchange.

The table below displays BPCL’s NSE and BSE share prices for 8th March 2022.

BPCL: Company Information

In 1976, right after nationalisation, Bharat Petroleum kickstarted its journey towards success. From turnover and profitability to financial services, the company developed by giant strides. Modernisation and expansion helped the company reach new heights in terms of performance. However, its true essence remained in its excellent customer satisfaction.

BPCL produces a wide range of products that include everything from solvents and petrochemicals to speciality lubricants and aircraft fuel. The company’s network is massive which comprises kerosene dealers, petrol stations, LPG distributors and lube shops. They also supply direct fuel to hundreds of national/international industries as well as airlines.

Bharat Petroleum is also proud to own not one but multiple refineries. It has two major refineries in Mumbai and Kochi along with a major stake in Numaligarh Refinery. Additionally, it has a joint venture with Oman Oil Company Ltd (OOCL) called Bina Refineries.

BPCL Historical Share Price

The following table displays the BPCL share price history from January 2021 to March 2022.

History of BPCL

Bharat Petroleum has established itself as a primary leader in the oil and gas industry. Let’s take a look at the company’s history and achievements over the years.

1928 — Bumrah Oil Company and Asiatic Petroleum (India) join hands to establish Burmah-Shell Oil Storage and Distributing Company of India Ltd.

1952 — Burmah Shell Refineries Ltd gets listed as a private limited company under the Indian Companies Act.

1976 — The Government of India takes over Burmah-Shell Oil Storage and Distributing Company of India Ltd to establish Bharat Refineries Ltd.

1997 —  Bharat Refineries Ltd. gets renamed as Bharat Petroleum Corporation Ltd and gets an eye-catching yin-and-yang logo.

1992 — The government divests 20% of Bharat Petroleum’s equity shares to mutual funds, banks and financial institutions and an additional 10% towards the year-end.

1993 — Bharat Petroleum announces its first joint venture with Holland’s Shell Overseas Investments BV to establish Bharat Shell Limited.

1993 — Bharat Petroleum signs a joint venture with Oman Oil Co for launching Bharat Oman Refineries Limited and setting up a 6-MMTPA refinery in Madhya Pradesh.

1994 — The Government of India divested 3.8% of Bharat Petroleum’s equity shares to employees.

1995 — Bharat Petroleum Corporation Ltd gets the ‘Schedule A’ company.

2001 — Bharat Petroleum Corporation Ltd acquired 55.0% ( government’s holding) in Kochi Refineries Ltd.

2003 — The government attempts to privatise BPCL. However, due to a petition, the Supreme Court restrains it.

2006 —  Ministry of Company Affairs approves merger of Bharat Petroleum Corporation Ltd and Kochi Refineries Ltd.

2006 — Formation of BPRL (Bharat PetroResources Ltd.) to execute exploration and other production-related activities.

2017 — Bharat Petroleum Corporation Ltd. gets Maharatna status.

2019 — GOI approves the privatisation of Bharat Petroleum Corporation Ltd.

2020 — GOI invited bids for the sale of its 52.98 per cent stake in the company.

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Management of BPCL

Like every company, BPCL has a solid management team that takes all the important decisions. Presently, the team comprises of the following members:  

BPCL: Company Performance

The table below elaborates BPCL’s performance from Financial Year 2019 to 2021.

BPCL Stock Returns

As of 8th March, BPCL’s stock returns performance is as follows:

• 1 Week: BPCL stock price moved up by 1.07%
• 1 Month: BPCL stock price moved down by 2.34%
• 3 Months: BPCL stock price moved down by 9.49%
• 1 Year: BPCL stock price moved down by 26.81%
• 3 Years: BPCL stock price moved down by 7.01%
• 5 Years: BPCL stock price moved down by 19.81%

BPCL Listings and Indices

BPCL stocks are available on NSE (National Stock Exchange Limited) and BSE (Bombay Stock Exchange). The codes of both of these stock exchange platforms are given below:

• BPCL BSE Code:  500547
• BPCL NSE Code: BPCL
• ISIN: INE029A01011
• House: PSU
• Industry: Refineries

BPCL – Company Location in India

Here are the location and contact details of the BPCL Head of Department.                 

• Country: India
• Address: Bharat Bhavan PB No 688, 4&6 Currimbhoy Road Ballard Est, Mumbai – India
• FAX – 91-22-22713874
• Phone Number – 91-22-22713000/4000
• Email – info@Bharatpetroleum.in

Should You Invest in BPCL Limited?

Now that you’re aware of Bharat Petroleum Corporation Limited’s share price history and company performance, you must be wondering whether or not you should invest. The following points may help you come to a decision.

• BPCL reported a consolidated net profit of ₹2,805 crores in December 2021. The company also announced ₹5 per equity share for Financial Year 2021-22.
• As per stock marketing professionals, these earnings have a direct connection with the rising crude oil prices. These high prices are likely to reflect in the numbers of the next quarter as well.
• Consequent to the strong earnings and the aviation sector getting back to normalcy, the demand for BPCL’s ATF (Air Turbine Fuel) is expected to increase by the end of this quarter. Predicting the same, the company has already increased its ATF price which will help it attain more traction in the upcoming quarter.

Investing in BPCL thus seems like a good move at the moment. However, we would recommend that you analyse other factors like the company balance sheet, competitive advantage, corporate governance and more before making the final decision.

FAQ’s about Bharat Petroleum Share Price