Oil, Gas & Consumable Fuels · NSE: BPCL
Intrynsic's multi-model valuation estimates Bharat Petroleum Corporation Limited's fair value at ₹391 per share (range ₹338–₹395) against a market price of ₹299 - a gap of +30.5% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹299
close of 29 Sept 2026
Est. fair value
₹391
₹338–₹395
Gap
+30.5%
price vs estimate
Trading ~30% below our estimated fair-value range. Assumptions and per-model workings are below.
Bharat Petroleum Corporation is a government-owned oil refiner and fuel retailer with a large network of petrol pumps. Refining margins and government-influenced fuel pricing drive its profits.
Oil, Gas & Consumable Fuels · Petroleum Products
Over the last 3 years, revenue grew -1.3%/yr and profit grew 129.7%/yr.
Every ₹100 of shareholder money earned ₹25.8 in profit last year, vs a sector median of 12.8%.
Debt is 0.54x equity — manageable, worth watching.
The market price is below our estimated fair-value range (based on stated assumptions).
About ₹108 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values Bharat Petroleum Corporation Limited with 4 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| EV/EBITDAIndustry Comparison Method | ₹338 | +13% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹391 | +30% | - |
| P/E MultipleEarnings Multiple Method | ₹794 | +165% | - |
| DCFFuture Cash Flows Method | ₹395 | +32% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 0.0% a year for the next decade - versus 7.0% historical revenue growth.
| Revenue | ₹4,55,228 Cr | |
| Net profit | ₹25,843 Cr | |
| EPS | ₹59.57 | |
| Free cash flow | ₹31,601 Cr | |
| ROE (latest) | 25.8% | |
| Revenue growth (CAGR) | 9.5% | |
| Profit growth (CAGR) | 11.8% |
Intrynsic's multi-model valuation estimates Bharat Petroleum Corporation Limited's fair value at ₹391 per share (range ₹338–₹395), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
Bharat Petroleum Corporation Limited trades at ₹299 against Intrynsic's estimated fair value of ₹391 - the market price is 30% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Bharat Petroleum Corporation Limited trades at about 5.0 times its latest annual earnings per share.
Bharat Petroleum Corporation is a government-owned oil refiner and fuel retailer with a large network of petrol pumps. Refining margins and government-influenced fuel pricing drive its profits.
Intrynsic runs 4 valuation models for Bharat Petroleum Corporation Limited (EV/EBITDA, EV/EBIT, P/E Multiple, DCF) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy