Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gulf Oil Lubricants India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 792 | 812 | 802 | 817 | 853 | 885 | 849 | 905 | 915 | 996 | 957 | 998 | 1,040 |
| Expenses + | 705 | 719 | 702 | 706 | 738 | 769 | 742 | 783 | 791 | 870 | 838 | 868 | 905 |
| Operating Profit | 88 | 93 | 100 | 111 | 115 | 116 | 107 | 122 | 124 | 127 | 118 | 130 | 135 |
| OPM % | 11% | 11% | 13% | 14% | 13% | 13% | 13% | 14% | 14% | 13% | 12% | 13% | 13% |
| Other Income + | 14 | 14 | 17 | 17 | 18 | 17 | 23 | 33 | 22 | 22 | 25 | 1 | 25 |
| Interest | 7 | 4 | 7 | 8 | 6 | 5 | 6 | 14 | 10 | 6 | 13 | 13 | 23 |
| Depreciation | 11 | 11 | 11 | 11 | 14 | 11 | 11 | 11 | 14 | 14 | 14 | 15 | 16 |
| Profit before tax | 84 | 92 | 99 | 108 | 114 | 118 | 113 | 131 | 123 | 130 | 117 | 104 | 121 |
| Tax % | 26% | 26% | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 25% | 26% | 26% | 26% |
| Net Profit + | 62 | 68 | 74 | 81 | 85 | 88 | 84 | 98 | 92 | 97 | 87 | 77 | 90 |
| EPS in Rs | 12.68 | 13.93 | 15.00 | 16.45 | 17.37 | 17.89 | 17.15 | 19.91 | 18.58 | 19.60 | 17.67 | 15.63 | 18.22 |
Financials of Gulf Oil Lubricants India Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 967 | 1,011 | 1,087 | 1,332 | 1,706 | 1,644 | 1,652 | 2,192 | 2,999 | 3,284 | 3,554 | 3,991 |
| Expenses + | 838 | 852 | 909 | 1,097 | 1,423 | 1,357 | 1,387 | 1,906 | 2,656 | 2,865 | 3,084 | 3,481 |
| Operating Profit | 129 | 159 | 178 | 236 | 283 | 287 | 265 | 286 | 343 | 419 | 470 | 510 |
| OPM % | 13% | 16% | 16% | 18% | 17% | 17% | 16% | 13% | 11% | 13% | 13% | 13% |
| Other Income + | 9 | 18 | 20 | 26 | 29 | 35 | 52 | 44 | 47 | 66 | 96 | 74 |
| Interest | 18 | 18 | 10 | 9 | 15 | 25 | 15 | 10 | 38 | 26 | 35 | 54 |
| Depreciation | 5 | 6 | 7 | 10 | 22 | 33 | 34 | 36 | 40 | 47 | 46 | 59 |
| Profit before tax | 116 | 153 | 181 | 243 | 275 | 265 | 269 | 284 | 313 | 413 | 486 | 471 |
| Tax % | 33% | 35% | 35% | 35% | 35% | 23% | 26% | 26% | 26% | 25% | 25% | 26% |
| Net Profit + | 77 | 100 | 118 | 159 | 178 | 203 | 200 | 211 | 232 | 308 | 362 | 351 |
| EPS in Rs | 15.62 | 20.24 | 23.69 | 31.90 | 35.70 | 40.42 | 39.77 | 41.86 | 47.39 | 62.66 | 73.47 | 71.04 |
| Dividend Payout % | 35% | 35% | 36% | 33% | 32% | 35% | 40% | 12% | 53% | 57% | 65% | 0% |
Financials of Gulf Oil Lubricants India Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 177 | 239 | 344 | 457 | 577 | 751 | 859 | 1,033 | 1,169 | 1,285 | 1,454 | 1,551 |
| Borrowings + | 215 | 195 | 178 | 248 | 283 | 376 | 211 | 390 | 373 | 358 | 455 | 511 |
| Other Liabilities + | 162 | 205 | 206 | 313 | 273 | 309 | 365 | 399 | 520 | 652 | 724 | 832 |
| Total Liabilities | 565 | 649 | 738 | 1,029 | 1,142 | 1,447 | 1,446 | 1,831 | 2,072 | 2,304 | 2,643 | 2,904 |
| Fixed Assets + | 89 | 107 | 118 | 260 | 270 | 280 | 254 | 273 | 277 | 250 | 275 | 300 |
| CWIP | 8 | 2 | 29 | 6 | 1 | 1 | 4 | 3 | 3 | 9 | 14 | 2 |
| Investments | 3 | 3 | 4 | 4 | 5 | 5 | 20 | 36 | 88 | 193 | 191 | 192 |
| Other Assets + | 464 | 537 | 587 | 759 | 867 | 1,161 | 1,168 | 1,519 | 1,703 | 1,851 | 2,163 | 2,410 |
| Total Assets | 565 | 649 | 738 | 1,029 | 1,142 | 1,447 | 1,446 | 1,831 | 2,072 | 2,304 | 2,643 | 2,904 |
Financials of Gulf Oil Lubricants India Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 131 | 118 | 134 | 110 | 17 | 237 | 194 | -24 | 273 | 348 | 423 | |
| Cash from Investing Activity + | 1 | -3 | -10 | -51 | -22 | 17 | 30 | -17 | 30 | -58 | 49 | |
| Cash from Financing Activity + | 20 | -79 | -59 | 9 | -29 | 5 | -277 | 98 | -202 | -238 | -153 | |
| Net Cash Flow | 152 | 36 | 65 | 68 | -34 | 259 | -54 | 57 | 102 | 52 | 320 | |
| Free Cash Flow | 96 | 100 | 92 | 3 | -32 | 219 | 185 | -48 | 250 | 327 | 389 | |
| CFO/OP | 128% | 105% | 110% | 77% | 38% | 112% | 94% | 18% | 107% | 107% | 117% |
Financials of Gulf Oil Lubricants India Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 38 | 37 | 37 | 32 | 42 | 42 | 56 | 50 | 54 | 48 | 47 |
| Inventory Days | 97 | 117 | 103 | 140 | 149 | 163 | 175 | 152 | 105 | 104 | 95 | 88 |
| Days Payable | 66 | 97 | 91 | 132 | 86 | 129 | 134 | 86 | 87 | 106 | 109 | 103 |
| Cash Conversion Cycle | 74 | 58 | 48 | 45 | 95 | 76 | 82 | 121 | 68 | 52 | 34 | 32 |
| Working Capital Days | -36 | -36 | -30 | -34 | 2 | -17 | 18 | 27 | 21 | 16 | -3 | -5 |
| ROCE % | 67% | 40% | 39% | 40% | 37% | 29% | 25% | 23% | 23% | 27% | 28% | 27% |