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GP Petroleums Limited (GULFPETRO) Fair Value & Analysis

Energy · IN · Market cap ₹2.0B

GP GP Petroleums Limited GULFPETRO · NSE
Price₹61.65
Fair Value₹55.97
Upside-9.2%
Quality57/100
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Weak Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Narrow moat 34/100
Evidence: High Range ₹44.35 – ₹61.71 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 3 days ago

Share price +60.1% 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 ₹44.35 (bear) to ₹61.71 (bull), base ₹55.97. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹91.37 ₹23.94 Fair Value ₹55.97 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 ₹23.94 – ₹91.37 · fair‑value band ₹44.35 – ₹61.71 · the ₹61.65 price screens above the ₹55.97 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

GP Petroleums Limited (GULFPETRO) currently trades at ₹61.65, while our model-based Fair Value estimate is ₹55.97, implying the stock looks roughly 9.2% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, GP Petroleums Limited generated revenue of ₹6.4B at a net margin of 4.1%. Revenue declined 10.8% year over year. It earns a return on equity of 7.7%. Net debt stands at ₹175M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹44.35 (bear case) to ₹61.71 (bull case); at ₹61.65, 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 near its 52-week high and 165% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -56% fair-value upside, at -9%, GULFPETRO 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 ₹14.97 ₹20.57 ₹28.03 80
Residual Income ₹56.26 ₹59.34 ₹63.91 76
Rev-Margin DCF ₹42.77 ₹72.50 ₹104.76 74
All 22 models by family
DCF Models
FCF DCF ₹14.67 ₹20.86 ₹29.51 38
5Y Revenue Exit ₹42.77 ₹72.99 ₹111.34 39
5Y EBITDA Exit ₹25.09 ₹40.99 ₹59.12 41
5Y P/E Exit ₹36.21 ₹61.12 ₹86.56 38
10Y Revenue Exit ₹30.09 ₹54.66 ₹86.98 36
10Y EBITDA Exit ₹20.95 ₹33.32 ₹49.18 37
10Y P/E Exit ₹27.79 ₹46.74 ₹69.04 35
Earnings-Based
Graham-Dodd ₹35.31 ₹92.30 ₹120.43 54
PEG = 1.0 ₹17.59 ₹25.13 ₹32.67 46
EPV ₹47.09 ₹54.37 ₹60.65 59
Multiples
P/E Multiple ₹54.52 ₹72.70 ₹90.87 63
P/S Multiple ₹66.21 ₹88.27 ₹110.34 58
P/B Multiple ₹66.21 ₹88.27 ₹110.34 55
EV/EBIT ₹52.06 ₹69.08 ₹86.11 53
EV/EBITDA ₹35.40 ₹46.87 ₹58.34 54
EV/Revenue ₹62.96 ₹89.51 ₹116.06 43
Asset-Based
NCAV (Graham) ₹34.82 ₹46.65 ₹69.63 50
Growth DCF
Growth DCF ₹14.97 ₹20.57 ₹28.03 80
Rev-Margin DCF ₹42.77 ₹72.50 ₹104.76 74
Economic Profit
Residual Income ₹56.26 ₹59.34 ₹63.91 76
ROIC Compounder ₹47.09 ₹54.37 ₹60.65 72
Growth Earnings
Growth-Adj P/E ₹44.35 ₹63.35 ₹82.36 68

Widest divergence: Multiples (₹72.70) versus Growth DCF (₹20.57). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹6.4B
Revenue growth (YoY) -10.8%
Net margin 4.1%
Return on equity 7.7%
Free cash flow ₹67.3M FY2026
P/E ratio 11.9
More key figures
Operating margin 7.2%
EPS (TTM) ₹5.19
EPS growth (YoY) +8.3%
Net debt ₹175M FY2026

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 79

Profitability 48
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 81
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

GP Petroleums Limited formulates, manufactures, and markets industrial and automotive lubricants, rubber process oils, transformer oils, greases, and other specialties in India. It operates through the Manufacturing and Trading segments.

Full company description

GP Petroleums Limited formulates, manufactures, and markets industrial and automotive lubricants, rubber process oils, transformer oils, greases, and other specialties in India. It operates through the Manufacturing and Trading segments. The company offers automotive lubricants, including automotive and diesel engine oils, gear and transmission oils, greases, passenger car motor and motorcycle oils, engine coolant, and brake fluids; and trades in base oil, fuel oil, and bitumen. It also provides industrial lubricants, such as industrial lubricating oils; metal working fluids; corrosion preventive, hydraulic, spindle, slideway, and turbine oils; cleaners and quenching oils; industrial greases; and horticultural orchard spray oils; and a suite of metalworking fluids, including soluble cutting oils, semi-synthetic coolants, neat and water-soluble cleaners, neat cutting oils, mist oils, spark erosion oils, quenching oils, rust preventives, as well as specialty oils, such as thermic fluids, crack detection oils, and plunger lubrication oils. The company also sells rubber process oils, such as aromatic, naphthenic, paraffinic, and low PCA oils. It distributes its products to automotive and industrial OEMs, auto component manufacturers, rubber and plastic product manufacturers, and tyre companies; and general engineering, metal processing, textiles, cement, sugar, rubber, and mining sectors under the IPOL and REPSOL brand names through distributors and retail outlets. The company also exports its products. GP Petroleums Limited was formerly known as Sah Petroleums Limited and changed its name to GP Petroleums Limited in April 2015. The company was founded in 1973 and is headquartered in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

GP Petroleums Limited reported revenue of ₹6.4B in FY2026 versus ₹7.2B in FY2022, a compound −2.7%/yr. Reported net income was ₹265M in FY2026, compounding +8.7%/yr from FY2022.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹6.4B
Latest YoY
+5.5%
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.
−6.7%
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.
+1.1%
Avg. growth/yr (20Y) 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.
+9.0%
Revenue −2.7%/yr
FY22 ₹7.2B
FY23 ₹7.9B
FY24 ₹6.6B
FY25 ₹6.1B
FY26 ₹6.4B
Net income +8.7%/yr
FY22 ₹189M
FY23 ₹252M
FY24 ₹277M
FY25 ₹263M
FY26 ₹265M
Character of growth · EPS growth decomposed (2015-2026) +8.4 % p.a.
Revenue per share +4.3 pp

of which total revenue +4.3 pp · buybacks/dilution +0.0 pp

EBIT margin +1.2 pp
Tax rate +1.0 pp
Residual (interest, one-offs) +1.9 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). "GP Petroleums Limited Fair Value". https://www.fairvalue-calculator.com/stock/GULFPETRO

Peer Group

Oil & Gas Refining & Marketing · 115 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 57 · Above median
Fair Value upside −9% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 5% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth -11% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper

P/E (TTM) 11.9× · Cheaper than median
P/B 0.57× · Cheaper than 75% of peers
P/S (TTM) 0.31× · Cheaper than median
P/FCF 0.3× · Cheaper than median
EV/EBITDA 5.0× · 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 21 · sector 15
FUTURE 0 · sector 15
PAST 31 · sector 33
HEALTH 100 · sector 81
DIVIDEND 0 · sector 68

Values & ESG

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

Oil & gas

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

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,329 ₹751.26 -43%
Valero Energy Corporation VLO $330.21 $127.32 -61%
Marathon Petroleum Corporation MPC $348.25 $133.18 -62%
Phillips 66 PSX $225.58 $99.41 -56%
Neste Oyj NESTE €29.61 €3.83 -87%
Formosa Petrochemical Corporation 6505 70.20 TWD 15.32 TWD -78%
Bharat Petroleum Corporation BPCL ₹317.00 ₹846.81 +167%
SK Innovation Co 096770 122,400 KRW 53,541 KRW -56%
S-Oil Corporation 010950 140,900 KRW 19,441 KRW -86%
HD Hyundai Co 267250 230,500 KRW 286,077 KRW +24%

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Frequently asked questions

Is GP Petroleums Limited (GULFPETRO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹55.97 versus a price of ₹61.65, about −9% (fairly valued).
What is the fair value of GULFPETRO?
Our model-based fair value for GP Petroleums Limited is ₹55.97 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹61.65.
What is the quality score of GULFPETRO?
GP Petroleums Limited has a Quality Score of 57/100. 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 GP Petroleums Limited (GULFPETRO)?
GP Petroleums Limited reported trailing-twelve-month revenue of about ₹6.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GULFPETRO?
The net profit margin of GP Petroleums Limited is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.

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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