One of India’s largest state-owned oil and gas firms, Bharat Petroleum Corporation Limited (BPCL), has a sizable presence in the marketing and refining of petroleum products. Since BPCL is a publicly traded company, investors and analysts pay close attention to its share price, and discussions about its expected future performance are common.
The probable share price targets for BPCL between 2023 and 2030 are discussed in this article. We will look at a number of variables such as global oil prices, governmental regulations, and market trends that could affect the company’s financial performance and share price.
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BPCL IN RECENT NEWS
- Around 55% of Bharat Petroleum Corporation Limited’s (NSE:BPCL) ownership is attributed to the state or government, with institutional investors holding approximately 25% of the company’s stake.
BPCL SHARE PRICE TARGET 2023
| BPCL SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹357.60 | ₹275.08 |
| May 2023 | ₹298.00 | ₹229.23 |
| June 2023 | ₹357.60 | ₹275.08 |
| July 2023 | ₹429.12 | ₹330.09 |
| August 2023 | ₹472.03 | ₹363.10 |
| September 2023 | ₹495.63 | ₹381.26 |
| October 2023 | ₹472.03 | ₹363.10 |
| November 2023 | ₹519.24 | ₹399.41 |
| December 2023 | ₹581.54 | ₹447.34 |
In April, the maximum projected share price is ₹357.60, while the minimum is expected to be ₹275.08, indicating a potentially wide variation in share price with a range of ₹82.52. However, in May, the maximum projected share price drops significantly to ₹298.00, with the lowest value of the year at ₹229.23. The share price range in June is similar to April, but in July, the maximum projected share price increases to ₹429.12, while the minimum is ₹330.09. The maximum projected share price in November is ₹519.24, with a moderate increase in the minimum share price at ₹399.41. Finally, in December, the maximum projected share price reaches the highest point of the year at ₹581.54, while the minimum is ₹447.34, indicating a potentially significant increase in share price with a range of ₹134.20.
BPC SHARE PRICE TARGET 2024
| BPC SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹612.15 | 1037.03 |
| February 2024 | ₹687.81 | ₹573.18 |
| March 2024 | ₹724.01 | ₹588.63 |
| April 2024 | ₹658.19 | ₹506.30 |
| May 2024 | ₹548.49 | ₹421.92 |
| June 2024 | ₹658.19 | ₹506.30 |
| July 2024 | ₹559.46 | ₹433.69 |
| August 2024 | ₹615.41 | ₹488.42 |
| September 2024 | ₹646.18 | ₹497.06 |
| October 2024 | ₹760.21 | ₹584.78 |
| November 2024 | ₹798.22 | ₹614.02 |
| December 2024 | ₹814.19 | ₹626.30 |
In January 2024, the maximum projected share price is expected to be ₹612.15, while the minimum is a surprising ₹1037.03. This represents a wide range of ₹424.88, highlighting the unpredictability of the oil and gas industry.
In February 2024, the maximum projected share price increases to ₹687.81, while the minimum is ₹573.18. This represents a moderate increase in the minimum share price compared to the previous month. In March 2024, the maximum projected share price jumps to ₹724.01, while the minimum is ₹588.63.
In April 2024, the share price range is similar to the previous year, with a maximum of ₹658.19 and a minimum of ₹506.30. In May 2024, the maximum projected share price drops to ₹548.49, while the minimum is ₹421.92. This represents a significant decrease in the maximum share price from the previous month, and the lowest value for the year.
In June 2024, the share price range is similar to April, with a maximum of ₹658.19 and a minimum of ₹506.30. In July 2024, the maximum projected share price drops to ₹559.46, while the minimum is ₹433.69. This indicates a significant decrease in the maximum share price and a moderate decrease in the minimum share price compared to the previous month.
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BPC SHARE PRICE TARGET 2025
| BPC SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹830.47 | ₹638.82 |
| February 2025 | ₹874.18 | ₹672.45 |
| March 2025 | ₹917.89 | ₹706.07 |
| April 2025 | ₹819.54 | ₹630.42 |
| May 2025 | ₹745.04 | ₹573.11 |
| June 2025 | ₹819.54 | ₹630.42 |
| July 2025 | ₹780.52 | ₹600.40 |
| August 2025 | ₹813.04 | ₹625.41 |
| September 2025 | ₹853.69 | ₹656.68 |
| October 2025 | ₹904.91 | ₹696.09 |
| November 2025 | ₹968.26 | ₹744.81 |
| December 2025 | ₹987.62 | ₹759.71 |
In January 2025, the maximum projected share price is ₹830.47, while the minimum is ₹638.82. This suggests a relatively narrow range of ₹191.65.
In February 2025, the maximum projected share price increases to ₹874.18, while the minimum is ₹672.45. This represents a moderate increase in both the maximum and minimum share prices.
In March 2025, the maximum projected share price increases again to ₹917.89, while the minimum is ₹706.07. This indicates a potentially significant increase in the maximum share price and a moderate increase in the minimum share price.
In April 2025, the share price range is similar to January and June, with a maximum of ₹819.54 and a minimum of ₹630.42.
In May 2025, the maximum projected share price drops to ₹745.04, while the minimum is ₹573.11. This represents a significant decline from the previous month’s maximum share price and highlights the volatility of the oil and gas market.
In June 2025, the share price range is similar to January and April, with a maximum of ₹819.54 and a minimum of ₹630.42.
In July 2025, the maximum projected share price drops slightly to ₹780.52, while the minimum is ₹600.40. This represents a moderate decline in the maximum share price and a slight decrease in the minimum share price.
In August 2025, the maximum projected share price increases to ₹813.04, while the minimum is ₹625.41. This represents a moderate increase in both the maximum and minimum share prices.
In September 2025, the maximum projected share price increases again to ₹853.69, while the minimum is ₹656.68. This indicates a potentially significant increase in the maximum share price and a moderate increase in the minimum share price.
In December 2025, the maximum projected share price reaches the highest point of the year at ₹987.62, while the minimum is ₹759.71. This indicates a potentially significant increase in the maximum share price and a moderate increase in the minimum share price.
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BPC SHARE PRICE TARGET 2026 TO 2030
| BPC SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹691.33 | ₹483.93 |
| 2027 | ₹587.63 | ₹411.34 |
| 2028 | ₹1,057.74 | ₹740.42 |
| 2029 | ₹2,172.77 | ₹1,520.94 |
| 2030 | ₹2,419.67 | ₹1,693.77 |
In 2026, the maximum projected share price is ₹691.33, while the minimum is ₹483.93. In 2027, the maximum projected share price drops to ₹587.63, while the minimum is ₹411.34. This represents a significant decline from the previous year’s maximum share price and highlights the volatility of the oil and gas market.
In 2028, the maximum projected share price jumps to ₹1,057.74, while the minimum is ₹740.42. This indicates a potentially significant increase in share price, with a range of ₹317.32. In 2029, the maximum projected share price reaches an even higher point at ₹2,172.77, while the minimum is ₹1,520.94. This indicates a potentially significant increase in share price, with a range of ₹651.83.
In 2030, the maximum projected share price slightly increases to ₹2,419.67, while the minimum is ₹1,693.77.
FINANCIAL STRENGTH OF BPC (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Revenue | 3,49,059.66 | 2,32,415.67 | 2,86,501.23 | 3,00,263.13 | 2,37,569.51 |
| Total Revenue Growth (%) | 50.19 | -18.88 | -4.58 | 26.39 | 16.99 |
| Total Expenses | 3,35,693.77 | 2,14,923.88 | 2,82,939.98 | 2,88,295.08 | 2,24,684.87 |
| Total Expenses Growth (%) | 56.19 | -24.04 | -1.86 | 28.31 | 18.06 |
| Profit after Tax (PAT) | 11,681.54 | 16,164.98 | 3,055.36 | 7,802.30 | 9,008.63 |
| PAT Growth (%) | -27.74 | 429.07 | -60.84 | -13.39 | 3.30 |
| Operating Profit Margin (%) | 4.60 | 8.34 | 2.17 | 4.60 | 5.96 |
| Net Profit Margin (%) | 3.36 | 7.02 | 1.07 | 2.61 | 3.81 |
| Basic EPS (₹) | 54.91 | 81.87 | 15.53 | 39.67 | 45.80 |
Based on the financial statements of BPC over the past five years, the company has experienced a mix of growth and decline. The total revenue has seen a fluctuation with the highest revenue of ₹3,49,059.66 crores in FY 2022 and the lowest revenue of ₹2,32,415.67 crores in FY 2021. The revenue growth has been positive for the past two years, with a significant growth of 50.19% in FY 2022. However, the total expenses have also increased, with the highest expenses of ₹3,35,693.77 crores in FY 2022. The profit after tax (PAT) has shown a decline of -27.74% in FY 2022 compared to the previous year, but a substantial growth of 429.07% in FY 2021. The operating profit margin has been consistently low over the years, with the highest margin of 8.34% in FY 2021.
Overall, BPC has shown both positive and negative growth in terms of revenue, expenses, and profit over the past five years. The company has experienced significant percentage growth in some years, but also faced losses in others. The PAT has been affected by this fluctuation as well. The company has struggled to maintain a high operating and net profit margin, which can be a concern. However, it is important to note that the past financial statements do not guarantee future performance, and the company may take steps to address these issues and improve their financial standing.
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FAQ’s
What are the main products of BPCL?
BPCL produces a range of petroleum products, including petrol, diesel, LPG, lubricants, and aviation turbine fuel.
Is BPCL a profitable company?
Yes, BPCL is a profitable company. However, its profitability has varied in recent years due to factors such as fluctuating oil prices and changes in government policies.
CONCLUSION: BHARAT PETROLEUM CORPORATION SHARE PRICE TARGET
BPCL has demonstrated a mixed performance in terms of income growth, PAT, revenue growth, and profit growth based on financial data from the last five years. The corporation has had both negative and positive growth rates in its revenue growth. The PAT growth rate has also been erratic in a similar way. However, BPCL consistently has a lower operating profit margin and net profit margin than its rivals in the sector.
For investors who are prepared to assume greater risk in exchange for potentially larger rewards, purchasing shares of BPCL may be a wise move. Before making any investment decisions, it is crucial to conduct due diligence and evaluate the market dynamics, corporate strategy, and competitive environment. It is advised to speak with a financial expert.
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