Bharat Petroleum (BPCL) SHARE PRICE TARGET 2024, 2025 to 2030

We are almost towards the beginning of April 2024, and investors are seeking for prospective equities to add to their portfolios.

BPCL, a significant player in the oil and gas sector, recently made news for its outstanding financial achievements.

We’ll examine the financials of BPCL, think about its growth potential, and analyze whether this firm will be a sensible choice for investors in the years to come.

As of today (April 7th, 2024), Bharat Petroleum’s share price is trading at ₹590 per share with a market cap of ₹1,28,084 crore.

Bharat Petroleum Corporation Limited (BPCL) Q3 FY24 Summary and Key Points:

• BPCL’s Q3 FY24 witnessed an impressive 82% surge in consolidated net profit, reaching ₹3,181.42 crore compared to ₹1,747.01 crore in the same period last fiscal year.
• Despite a slight decrease, revenue from operations stood at ₹1.30 lakh crore, down from ₹1.33 lakh crore year-on-year.
• The company displayed strong cost management as total expenses declined to ₹1.26 lakh crore in Q3 FY24 from ₹1.31 lakh crore in the same quarter last fiscal year.
• BPCL’s EBITDA for Q3 FY24 rose significantly to ₹6,906.37 crore, marking a substantial increase from ₹4,685.82 crore in Q3 FY23.
• BPCL’s chairman and managing director emphasized the company’s resilient performance amidst challenging conditions, focusing on driving competitive volume growth and achieving operational excellence.

How to purchase BPCL shares?

Below are the trading platforms that you can use to purchase BPCL shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

BPCL Share Price Prediction: 2024 to 2030

BPCL Share Price Prediction 2024

In April 2024, BPCL is projected to experience a maximum price of 599.50 and a minimum price of 521.30, marking the beginning of the year with potential market dynamics. As the months progress, there’s an anticipated fluctuation in prices, with December 2024 anticipated to mark the highest prices of the year, reaching a maximum of 674.74 and a minimum of 586.73. These fluctuations reflect the potential shifts in the oil and gas sector and investor sentiment influencing the prices of BPCL shares throughout the year.

BPCL Share Price Prediction 2025

In January 2025, BPCL is projected to start the year with a maximum price of 742.22 and a minimum price of 570.94, setting the initial trajectory for the year ahead. As the months progress, this trend continues with February 2025 seeing a maximum of 749.72 and a minimum of 576.70, and March 2025 reaching a maximum of 765.46 and a minimum of 588.82. Moving into the latter half of the year, BPCL is anticipated to experience further increases, with October 2025 expected to reach a maximum of 806.93 and a minimum of 620.72, culminating in December 2025 with the highest prices of the year, reaching a maximum of 864.32 and a minimum of 664.86. These fluctuations reflect potential market dynamics and investor sentiment shaping the prices of BPCL shares throughout the year.

BPCL Share Price Prediction 2026-2030

In 2026, BPCL is anticipated to reach a maximum price of ₹1,064.06 and a minimum price of ₹684.81, suggesting a potential for growth and stability in the market. As we move into 2027, the maximum price for BPCL is expected to rise to ₹1,297.24, with a corresponding minimum price of ₹834.88, indicating further positive momentum in the market. Looking ahead to 2028, both maximum and minimum prices are forecasted to increase, with BPCL reaching a maximum of ₹1,581.52 and a minimum of ₹1,017.83, signaling sustained growth and investor confidence in the company. Subsequently, in 2029, BPCL is projected to experience significant growth, with a maximum price of ₹2,405.41 and a minimum price of ₹1,683.79, reflecting the company’s strong performance and market demand. Finally, in 2030, BPCL’s upward trajectory continues, with a maximum price expected to reach ₹2,678.76 and a minimum price of ₹1,875.13, indicating sustained market expansion and heightened investor interest in the company’s prospects.

Financial Condition of BPCL: Last 5 years

FAQS

What is BPCL’s current share price?

As of the last trading day (April 5, 2024), BPCL’s share price closed at ₹ 590.

What is BPCL’s share price target for 2030?

Based on our various analyst reports and market trends, BPCL’s share price target for 2030 is expected to trade in a range from ₹2,678.76 to ₹1,875.13 in 2030.

What is BPCL’s share price target for 2025?

BPCL’s share price target for 2025 suggests it could be trading between ₹ 864.32 to ₹570.94.

What are the factors affecting BPCL’s share price growth?

Factors such as global oil demand, government policies, market competition, company financials, and investor sentiments impact BPCL’s share price growth.

How has BPCL’s revenue growth been in the last five years?

BPCL’s revenue growth has been somewhat fluctuating over the last five years.

In 2019, the company reported sales of Rs. 298,226 Crore, which declined to Rs. 284,572 Crore in 2020. However, there was a rebound in 2021, with sales reaching Rs. 230,171 Crore. The growth continued in 2022, with sales climbing to Rs. 346,791 Crore, and further accelerated in 2023, reaching the highest point of Rs. 473,187 Crore.

Has BPCL’s profit after tax (PAT) been consistent in the last five years?

BPCL’s profit after tax (PAT) has not exhibited consistent performance over the last five years.

The company’s PAT figures have shown fluctuations during this period. In 2019, the PAT stood at 8,528 Crore INR, which declined to 3,666 Crore INR in 2020. However, there was a significant increase in PAT in 2021, reaching 17,320 Crore INR. This was followed by a notable decrease in 2022, with the PAT dropping to 11,682 Crore INR. In 2023, the PAT further declined to 2,131 Crore INR. Overall, BPCL’s PAT has displayed varying levels of performance over the last five years, indicating a lack of consistent profitability during this period.

What is BPCL’s dividend payout ratio?

BPCL’s dividend payout ratio has been varying in the last five years. Recently Bharat Petroleum paid a 40% dividend in March 2023

Is BPCL a good stock to buy for long-term investment?

Based on its financials, market trends, and analyst recommendations, BPCL can be a good stock to buy for long-term investment.

What are the risks associated with investing in BPCL?

Risks such as market volatility, government regulations, competition, oil prices, and company-specific issues can affect BPCL’s financial performance and share price growth.

What should investors do before invest in BPCL?

Investors should analyze the company’s financial statements, market trends, analyst recommendations, and potential risks before investing in BPCL. It is also advisable to diversify their investment portfolio and seek professional advice.

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Conclusion

It is evident that Bharat Petroleum Corporation Limited (BPCL) has experienced mixed financial performance over the last five years. While the company’s sales figures have displayed some fluctuations, with a peak in 2024, there have been periods of decline as well. The profitability of BPCL, as indicated by the profit after tax (PAT), has also been inconsistent, with fluctuations observed throughout the years.

Furthermore, broker estimates for the target price of BPCL shares vary among different brokerage firms, ranging from Rs 603 to Rs 613. This indicates a divergence in market sentiment and expectations regarding the future performance of the company’s stock.

Considering these factors, it is crucial for investors to carefully analyze BPCL’s financial indicators, industry trends, and market conditions before making any investment decisions. Conducting thorough research, evaluating risk factors, and seeking professional advice can assist in making informed investment choices regarding BPCL.

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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