About
Gulf Oil Lubricants India Limited manufactures, markets, and trades automotive and non-automotive lubricants, and synergy products for use in the automobile and industrial sectors in India and internationally. The company offers automotive lubricants, such as engine oils, driveline fluids, brake fluids and radiator coolants, bike care products, vehicle gear and transmission oils, greases and lubricants for trucks and buses, vehicle coolants and other specialty fluids; and industrial gear and hydraulic oils, as well as lubricants for cars, commercial vehicles, motorcycles and scooters, and tractor farm equipment. It also provides air compressors, refrigeration compressors, thermic fluids, turbines, slideway, spindle oils, knitting, transformers, and rockdrill oils; bearing and circulating oils; metalworking fluids and heat-treatment oils; and AdBlue, a diesel exhaust fluid. In addition, the company offers two-wheeler batteries; marine lubricants; passenger car motor, motorcycle, commercial vehicle oils; and EV fluids and chargers. The company was formerly known as Hinduja Infrastructure Limited and changed its name to Gulf Oil Lubricants India Limited in September 2013. Gulf Oil Lubricants India Limited was founded in 1901 and is based in Mumbai, India. Gulf Oil Lubricants India Limited is a subsidiary of Gulf Oil International (Mauritius) Inc.
Key Metrics
as of Sep 2026Market Cap5,285 Cr
P/E13.50
Div Yield4.78 %
Book Value₹311.00
52w High₹1,331.00
52w Low₹864.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,320.00 | 1,040.00 | 998.00 | 957.00 | 996.00 | 915.00 | 905.00 | 849.00 | 885.00 | 853.00 | 817.00 | 802.00 | 812.00 |
| Expenses | 1,150.00 | 905.00 | 868.00 | 838.00 | 870.00 | 791.00 | 783.00 | 742.00 | 769.00 | 738.00 | 706.00 | 702.00 | 719.00 |
| Operating Profit | 170.00 | 135.00 | 130.00 | 118.00 | 127.00 | 124.00 | 122.00 | 107.00 | 116.00 | 115.00 | 111.00 | 100.00 | 93.00 |
| OPM % | 13.00 | 13.00 | 13.00 | 12.00 | 13.00 | 14.00 | 14.00 | 13.00 | 13.00 | 13.00 | 14.00 | 13.00 | 11.00 |
| Other Income | 27.00 | 25.00 | 1.00 | 25.00 | 22.00 | 22.00 | 33.00 | 23.00 | 17.00 | 18.00 | 17.00 | 17.00 | 14.00 |
| Depreciation | 17.00 | 16.00 | 15.00 | 14.00 | 14.00 | 14.00 | 11.00 | 11.00 | 11.00 | 14.00 | 11.00 | 11.00 | 11.00 |
| Interest | 8.00 | 23.00 | 13.00 | 13.00 | 6.00 | 10.00 | 14.00 | 6.00 | 5.00 | 6.00 | 8.00 | 7.00 | 4.00 |
| Profit before tax | 172.00 | 121.00 | 104.00 | 117.00 | 130.00 | 123.00 | 131.00 | 113.00 | 118.00 | 114.00 | 108.00 | 99.00 | 92.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 |
| Net Profit | 128.00 | 90.00 | 77.00 | 87.00 | 97.00 | 92.00 | 98.00 | 84.00 | 88.00 | 85.00 | 81.00 | 74.00 | 68.00 |
| EPS in Rs | 25.75 | 18.22 | 15.63 | 17.67 | 19.60 | 18.58 | 19.91 | 17.15 | 17.89 | 17.37 | 16.45 | 15.00 | 13.93 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,991.00 | 3,554.00 | 3,284.00 | 2,999.00 | 2,192.00 | 1,652.00 | 1,644.00 | 1,706.00 | 1,332.00 | 1,087.00 | 1,011.00 | 967.00 |
| Expenses | 3,481.00 | 3,084.00 | 2,865.00 | 2,656.00 | 1,906.00 | 1,387.00 | 1,357.00 | 1,423.00 | 1,097.00 | 909.00 | 852.00 | 838.00 |
| Operating Profit | 510.00 | 470.00 | 419.00 | 343.00 | 286.00 | 265.00 | 287.00 | 283.00 | 236.00 | 178.00 | 159.00 | 129.00 |
| OPM % | 13.00 | 13.00 | 13.00 | 11.00 | 13.00 | 16.00 | 17.00 | 17.00 | 18.00 | 16.00 | 16.00 | 13.00 |
| Other Income | 74.00 | 96.00 | 66.00 | 47.00 | 44.00 | 52.00 | 35.00 | 29.00 | 26.00 | 20.00 | 18.00 | 9.00 |
| Interest | 54.00 | 35.00 | 26.00 | 38.00 | 10.00 | 15.00 | 25.00 | 15.00 | 9.00 | 10.00 | 18.00 | 18.00 |
| Depreciation | 59.00 | 46.00 | 47.00 | 40.00 | 36.00 | 34.00 | 33.00 | 22.00 | 10.00 | 7.00 | 6.00 | 5.00 |
| Profit before tax | 471.00 | 486.00 | 413.00 | 313.00 | 284.00 | 269.00 | 265.00 | 275.00 | 243.00 | 181.00 | 153.00 | 116.00 |
| Tax % | 26.00 | 25.00 | 25.00 | 26.00 | 26.00 | 26.00 | 23.00 | 35.00 | 35.00 | 35.00 | 35.00 | 33.00 |
| Net Profit | 351.00 | 362.00 | 308.00 | 232.00 | 211.00 | 200.00 | 203.00 | 178.00 | 159.00 | 118.00 | 100.00 | 77.00 |
| EPS in Rs | 71.04 | 73.47 | 62.66 | 47.39 | 41.86 | 39.77 | 40.42 | 35.70 | 31.90 | 23.69 | 20.24 | 15.62 |
| Dividend Payout % | 72.00 | 65.00 | 57.00 | 53.00 | 12.00 | 40.00 | 35.00 | 32.00 | 33.00 | 36.00 | 35.00 | 35.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | 1,551.00 | 1,454.00 | 1,285.00 | 1,169.00 | 1,033.00 | 859.00 | 751.00 | 577.00 | 457.00 | 344.00 | 239.00 | 177.00 |
| Borrowings | 511.00 | 455.00 | 358.00 | 373.00 | 390.00 | 211.00 | 376.00 | 283.00 | 248.00 | 178.00 | 195.00 | 215.00 |
| Other Liabilities | 832.00 | 724.00 | 652.00 | 520.00 | 399.00 | 365.00 | 309.00 | 273.00 | 313.00 | 206.00 | 205.00 | 162.00 |
| Total Liabilities | 2,904.00 | 2,643.00 | 2,304.00 | 2,072.00 | 1,831.00 | 1,446.00 | 1,447.00 | 1,142.00 | 1,029.00 | 738.00 | 649.00 | 565.00 |
| Fixed Assets | 286.00 | 275.00 | 250.00 | 277.00 | 273.00 | 254.00 | 280.00 | 270.00 | 260.00 | 118.00 | 107.00 | 89.00 |
| CWIP | 16.00 | 14.00 | 9.00 | 3.00 | 3.00 | 4.00 | 1.00 | 1.00 | 6.00 | 29.00 | 2.00 | 8.00 |
| Investments | 192.00 | 191.00 | 193.00 | 88.00 | 36.00 | 20.00 | 5.00 | 5.00 | 4.00 | 4.00 | 3.00 | 3.00 |
| Other Assets | 2,410.00 | 2,163.00 | 1,851.00 | 1,703.00 | 1,519.00 | 1,168.00 | 1,161.00 | 867.00 | 759.00 | 587.00 | 537.00 | 464.00 |
| Total Assets | 2,904.00 | 2,643.00 | 2,304.00 | 2,072.00 | 1,831.00 | 1,446.00 | 1,447.00 | 1,142.00 | 1,029.00 | 738.00 | 649.00 | 565.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 363.00 | 423.00 | 348.00 | 273.00 | -24.00 | 194.00 | 237.00 | 17.00 | 110.00 | 134.00 | 118.00 | 131.00 |
| Cash from Investing Activity | 18.00 | 49.00 | -58.00 | 30.00 | -17.00 | 30.00 | 17.00 | -22.00 | -51.00 | -10.00 | -3.00 | 1.00 |
| Cash from Financing Activity | -268.00 | -153.00 | -238.00 | -202.00 | 98.00 | -277.00 | 5.00 | -29.00 | 9.00 | -59.00 | -79.00 | 20.00 |
| Net Cash Flow | 113.00 | 320.00 | 52.00 | 102.00 | 57.00 | -54.00 | 259.00 | -34.00 | 68.00 | 65.00 | 36.00 | 152.00 |
| Free Cash Flow | 323.00 | 389.00 | 327.00 | 250.00 | -48.00 | 185.00 | 219.00 | -32.00 | 3.00 | 92.00 | 100.00 | 96.00 |
| CFO/OP % | 96.00 | 117.00 | 107.00 | 107.00 | 18.00 | 94.00 | 112.00 | 38.00 | 77.00 | 110.00 | 105.00 | 128.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47.00 | 48.00 | 54.00 | 50.00 | 56.00 | 42.00 | 42.00 | 32.00 | 37.00 | 37.00 | 38.00 | 43.00 |
| Inventory Days | 98.00 | 95.00 | 104.00 | 105.00 | 152.00 | 175.00 | 163.00 | 149.00 | 140.00 | 103.00 | 117.00 | 97.00 |
| Days Payable | 115.00 | 109.00 | 106.00 | 87.00 | 86.00 | 134.00 | 129.00 | 86.00 | 132.00 | 91.00 | 97.00 | 66.00 |
| Cash Conversion Cycle | 30.00 | 34.00 | 52.00 | 68.00 | 121.00 | 82.00 | 76.00 | 95.00 | 45.00 | 48.00 | 58.00 | 74.00 |
| Working Capital Days | -5.00 | -3.00 | 16.00 | 21.00 | 27.00 | 18.00 | -17.00 | 2.00 | -34.00 | -30.00 | -36.00 | -36.00 |
| ROCE % | 27.00 | 28.00 | 27.00 | 23.00 | 23.00 | 25.00 | 29.00 | 37.00 | 40.00 | 39.00 | 40.00 | 67.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 13 Feb 2026 | 13 Feb 2026 | — | 21.00 | |
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 28.00 | |
| Dividend | 14 Feb 2025 | 14 Feb 2025 | — | 20.00 | |
| Dividend | 05 Sep 2024 | 05 Sep 2024 | — | 20.00 | |
| Dividend | 13 Feb 2024 | 13 Feb 2024 | — | 16.00 | |
| Dividend | 25 Aug 2023 | 25 Aug 2023 | — | 25.00 | |
| Dividend | 08 Sep 2022 | — | — | 5.00 | |
| Other | 18 Feb 2022 | 21 Feb 2022 | — | — | Buy Back of Shares |
| Other | 18 Feb 2022 | 21 Feb 2022 | — | — | Buy Back |
| Dividend | 08 Sep 2021 | — | — | 9.00 | |
| Dividend | 16 Feb 2021 | 17 Feb 2021 | — | 7.00 | |
| Dividend | 10 Sep 2020 | — | — | 7.00 | |
| Dividend | 22 Apr 2020 | 23 Apr 2020 | — | 7.00 | |
| Dividend | 09 Sep 2019 | — | — | 7.00 | |
| Dividend | 22 Feb 2019 | 25 Feb 2019 | — | 4.50 | |
| Dividend | 14 Sep 2018 | — | — | 6.50 | |
| Dividend | 16 Feb 2018 | 20 Feb 2018 | — | 4.00 | |
| Dividend | 07 Sep 2017 | — | — | 5.00 | |
| Dividend | 15 Feb 2017 | 16 Feb 2017 | — | 3.50 | |
| Dividend | 31 Aug 2016 | — | — | 4.00 | |
| Dividend | 17 Feb 2016 | 19 Feb 2016 | — | 3.00 | |
| Dividend | 14 Sep 2015 | — | — | 3.50 | |
| Dividend | 09 Oct 2014 | 10 Oct 2014 | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Jan from icra
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Rating update18 Nov 2024 from icra
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Rating update8 Sep 2023 from icra
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Rating update10 Oct 2022 from icra
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Rating update7 Sep 2021 from icra
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Rating update28 Aug 2020 from icra
Conference Calls
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