Bharat Petroleum (NSE:BPCL) EBIT: ₹377,447 Mil (TTM As of Mar. 2026)


NSE:BPCL Bharat Petroleum Corp Ltd NSE:BPCL
79 GF Score
Price ₹309.75
GF Value ₹325.40
Valuation Fairly Valued
! 4 Warning Signs
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What is Bharat Petroleum EBIT?

Bharat Petroleum NSE:BPCL -1.88% 79 EBIT is ₹377,447 Mil as of Mar. 2026. GuruFocus rates NSE:BPCL with a GF Score™ of 79/100 and a GF Value™ of ₹325.40 (Fairly Valued). The stock has 4 warning signs investors should review.

Bharat Petroleum's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹85,429 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹377,447 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bharat Petroleum's annualized ROC % for the quarter that ended in Mar. 2026 was 10.20%. Bharat Petroleum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bharat Petroleum's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.03%.


Bharat Petroleum  (NSE:BPCL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bharat Petroleum's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=321831.6 * ( 1 - 28.24% )/( (0 + 2264890)/ 1 )
=230946.35616/2264890
=10.20 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2486160.3 - 438605.8 - ( 229221.8 - max(0, 1054524.2 - 837188.7+229221.8))
=2264890

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Bharat Petroleum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=341714/( ( (0 + max(0, 0)) + (1080951.6 + max(-221939.2, 0)) )/ 1 )
=341714/( ( 0 + 1080951.6 )/ 1 )
=341714/1080951.6
=31.61 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49804.8 + 533039.5 + 23695.7) - (438605.8 + 0 + 389873.4)
=-221939.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bharat Petroleum's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=377447.3/1638882.823
=23.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bharat Petroleum EBIT Related Terms


Bharat Petroleum EBIT Historical Data

* Premium members only.

The historical data trend for Bharat Petroleum's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bharat Petroleum EBIT Chart

Bharat Petroleum Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 183,680.50 67,514.20 402,948.50 217,737.40 377,447.30

Bharat Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68,152.90 96,294.20 91,778.50 103,946.10 85,428.50

NSE:BPCL vs VLO, MPC, PSX: EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Bharat Petroleum's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bharat Petroleum EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bharat Petroleum's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bharat Petroleum's EV-to-EBIT falls into.


NSE:BPCL
79GF Score
Bharat Petroleum Corp Ltd NSE:BPCL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Petroleum EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹377,447 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹377,447 Mil mean?
Bharat Petroleum (NSE:BPCL) has a EBIT of ₹377,447 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bharat Petroleum.
Is Bharat Petroleum's EBIT too high?
Bharat Petroleum's current EBIT is ₹377,447 Mil. Overall, Bharat Petroleum has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Petroleum's EBIT compare to VLO and MPC?
Bharat Petroleum's EBIT of ₹377,447 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bharat Petroleum. Bharat Petroleum's current EBIT is ₹377,447 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Bharat Petroleum (NSE:BPCL) is currently considered Fairly Valued. The stock's GF Value™ is ₹325.40, compared to a current price of ₹309.75 — trading 4.8% below its estimated fair value. The current EBIT is ₹377,447 Mil. Bharat Petroleum's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Bharat Petroleum (NSE:BPCL), the current EBIT is ₹377,447 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bharat Petroleum (NSE:BPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Petroleum stock appears to be undervalued. The current stock price of ₹309.75 is trading 4.8% below its estimated GF Value™ of ₹325.40. GuruFocus considers Bharat Petroleum to be Fairly Valued.

Key valuation signals for NSE:BPCL:

  • EBIT: ₹377,447 Mil
  • GF Value™: ₹325.40 vs. price of ₹309.75 (4.8% below fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the NSE:BPCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bharat Petroleum Business Description

Industry EnergyOil & Gas
Other Exchanges 500547:India
Address 4 and 6 Currimbhoy Road, Bharat Bhavan, P.O. Box No. 668, Ballard Estate, Mumbai, MH, IND, 400001
Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the following reportable segments: Downstream Petroleum, and Exploration and Production of Hydrocarbons. Downstream Petroleum operations which generate the majority of its revenue, include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India. Geographically, the company derives a majority of its revenue from India and the rest from other countries.
79GF Score

Get the complete analysis for NSE:BPCL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹309.75
Price
₹325.40
GF Value