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Gulf Oil Lubricants India Limited (GULFOILLUB) Fair Value & Analysis

Basic Materials · IN · Market cap ₹51.8B

GO Gulf Oil Lubricants India Limited GULFOILLUB · NSE
Price₹1,159
Fair Value₹1,193
Upside+3.0%
Quality68/100
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Mixed Growth
Thin margins · 8.6% net margin
Low debt · generates free cash flow
4.90% dividend yield
Ranks above peers (12/14)
Moderate moat 58/100
Evidence: High Range ₹895.12 – ₹1,492 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Share price +13.0% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹895.12 (bear) to ₹1,492 (bull), base ₹1,193. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹1,376 ₹333.41 Fair Value ₹1,193 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹333.41 – ₹1,376 · fair‑value band ₹895.12 – ₹1,492 · the ₹1,159 price screens below the ₹1,193 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Gulf Oil Lubricants India Limited (GULFOILLUB) currently trades at ₹1,159, while our model-based Fair Value estimate is ₹1,193, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Gulf Oil Lubricants India Limited generated revenue of ₹40.6B at a net margin of 8.6%. Revenue grew 12.2% year over year. It earns a return on equity of 22.1%. The balance sheet holds a net cash position of ₹5.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹895.12 (bear case) to ₹1,492 (bull case); at ₹1,159, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 3%, GULFOILLUB screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1,197 ₹2,003 ₹3,422 80
Residual Income ₹434.73 ₹530.92 ₹1,540 76
Rev-Margin DCF ₹1,100 ₹1,788 ₹2,714 74
All 26 models by family
DCF Models
FCF DCF ₹1,214 ₹2,123 ₹3,789 38
Owner Earnings ₹1,231 ₹2,157 ₹3,852 31
5Y Revenue Exit ₹1,100 ₹1,812 ₹2,801 39
5Y EBITDA Exit ₹1,037 ₹1,677 ₹2,494 41
5Y P/E Exit ₹1,113 ₹1,838 ₹2,692 38
10Y Revenue Exit ₹1,101 ₹1,802 ₹2,930 36
10Y EBITDA Exit ₹1,088 ₹1,701 ₹2,664 37
10Y P/E Exit ₹1,138 ₹1,822 ₹2,835 35
Earnings-Based
Graham-Dodd ₹477.40 ₹2,508 ₹3,471 54
Lynch FV ₹689.00 ₹984.28 ₹1,280 50
PEG = 1.0 ₹689.00 ₹984.28 ₹1,280 46
EPV ₹856.52 ₹961.15 ₹1,053 59
Dividend Discount
Gordon GGM ₹447.80 ₹931.07 ₹1,477 70
DDM Multi-Stage ₹447.80 ₹785.11 ₹977.19 61
Multiples
P/E Multiple ₹895.12 ₹1,193 ₹1,492 63
P/S Multiple ₹895.12 ₹1,193 ₹1,492 58
P/B Multiple ₹698.09 ₹930.79 ₹1,163 55
EV/EBIT ₹1,172 ₹1,486 ₹1,801 53
EV/EBITDA ₹1,007 ₹1,267 ₹1,526 54
EV/Revenue ₹1,046 ₹1,396 ₹1,747 43
Asset-Based
NCAV (Graham) ₹155.13 ₹207.88 ₹310.26 50
Growth DCF
Growth DCF ₹1,197 ₹2,003 ₹3,422 80
Rev-Margin DCF ₹1,100 ₹1,788 ₹2,714 74
Economic Profit
Residual Income ₹434.73 ₹530.92 ₹1,540 76
ROIC Compounder ₹902.92 ₹1,071 ₹1,259 72
Growth Earnings
Growth-Adj P/E ₹923.96 ₹1,320 ₹1,716 68

Widest divergence: DCF Models (₹1,812) versus Asset-Based (₹207.88). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹40.6B
Revenue growth (YoY) +12.2%
Net margin 8.6%
Return on equity 22.1%
Free cash flow ₹3.6B FY2026
P/E ratio 15.9
More key figures
Operating margin 11.1%
EPS (TTM) ₹73.11
Dividend yield 4.9%
EPS growth (YoY) -2.7%
Net cash ₹5.9B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 60

Profitability 76
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricating oils, greases, and other derivatives for use in the automobile and industrial sectors in India.

Full company description

Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricating oils, greases, and other derivatives for use in the automobile and industrial sectors in India. The company offers automotive lubricants, such as engine oils, driveline fluids, brake fluids and radiator coolants, gear oils, transmission oils, and greases, as well as specialties for cars, commercial vehicles, motorcycles and scooters, and tractor farm equipment. It also provides industrial lubricants, including hydraulic, turbine, air compressor, refrigeration compressor, heat transfer, bearing and circulating, slideway lubrication, rock drill, neat cutting, rust preventive, quenching, transformer, knitting oils, gulf water miscible metalworking fluids; and AdBlue, a diesel exhaust fluid used in automotive sector. In addition, the company offers two-wheeler batteries; and marine lubricants. It also exports its products to approximately 25 countries. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Gulf Oil Lubricants India Limited reported revenue of ₹40.6B in FY2026 versus ₹21.8B in FY2022, a compound +16.7%/yr. Reported net income was ₹3.5B in FY2026, compounding +13.3%/yr from FY2022.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹40.6B
Latest YoY
+11.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.8%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Revenue +16.7%/yr
FY22 ₹21.8B
FY23 ₹30.0B
FY24 ₹32.9B
FY25 ₹36.3B
FY26 ₹40.6B
Net income +13.3%/yr
FY22 ₹2.1B
FY23 ₹2.3B
FY24 ₹3.1B
FY25 ₹3.6B
FY26 ₹3.5B
Character of growth · EPS growth decomposed (2015-2026) +14.6 % p.a.
Revenue per share +15.1 pp

of which total revenue +15.1 pp · buybacks/dilution +0.0 pp

EBIT margin −0.2 pp
Tax rate +1.4 pp
Residual (interest, one-offs) −1.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Gulf Oil Lubricants India Limited Fair Value". https://www.fairvalue-calculator.com/stock/GULFOILLUB

Peer Group

Specialty Chemicals · 670 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside +3% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than median
P/B 3.37× · Pricier than 75% of peers
P/S (TTM) 1.28× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 7.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 37 · sector 0
FUTURE 61 · sector 19
PAST 89 · sector 23
HEALTH 99 · sector 95
DIVIDEND 98 · sector 32

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Gulf Oil Lubricants India Limited (GULFOILLUB) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,193 versus a price of ₹1,159, about +3% (fairly valued).
What is the fair value of GULFOILLUB?
Our model-based fair value for Gulf Oil Lubricants India Limited is ₹1,193 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,159.
What is the quality score of GULFOILLUB?
Gulf Oil Lubricants India Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Gulf Oil Lubricants India Limited (GULFOILLUB)?
Gulf Oil Lubricants India Limited reported trailing-twelve-month revenue of about ₹40.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GULFOILLUB?
The net profit margin of Gulf Oil Lubricants India Limited is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does Gulf Oil Lubricants India Limited pay a dividend?
Gulf Oil Lubricants India Limited currently shows a dividend yield of about 4.90% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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