Bharat Petroleum (NSE:BPCL) Inventory Turnover: 1.85 (As of Mar. 2026)

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NSE:BPCL Bharat Petroleum Corp Ltd NSE:BPCL
81 GF Score
Price ₹305.35
GF Value ₹329.28
Valuation Fairly Valued
! 4 Warning Signs
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What is Bharat Petroleum Inventory Turnover?

Bharat Petroleum NSE:BPCL -0.72% 81 Inventory Turnover is 1.85 as of Mar. 2026. GuruFocus rates NSE:BPCL with a GF Score™ of 81/100 and a GF Value™ of ₹329.28 (Fairly Valued). The stock has 4 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bharat Petroleum's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹988,787 Mil. Bharat Petroleum's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹533,040 Mil. Bharat Petroleum's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bharat Petroleum's Days Inventory for the three months ended in Mar. 2026 was 49.19.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bharat Petroleum's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.45.

Bharat Petroleum  (NSE:BPCL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bharat Petroleum's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=533039.5/988786.9*365 / 4
=49.19

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bharat Petroleum's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=533039.5 / 1187008.8
=0.45

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bharat Petroleum Inventory Turnover Related Terms

Bharat Petroleum Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Bharat Petroleum's Inventory Turnover 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 Inventory Turnover Chart

Bharat Petroleum Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.12 11.11 9.62 8.91 7.85

Bharat Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover 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 2.15 2.16 1.96 2.23 1.85
NSE:BPCL
81GF Score
Bharat Petroleum Corp Ltd NSE:BPCL
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Petroleum Inventory Turnover Calculation

Bharat Petroleum's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=3870422.8 / ((452651.9 + 533039.5) / 2 )
=3870422.8 / 492845.7
=7.85

Bharat Petroleum's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=988786.9 / ((0 + 533039.5) / 1 )
=988786.9 / 533039.5
=1.85

* 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 Inventory Turnover →
What does a Inventory Turnover of 1.85 mean?
Bharat Petroleum (NSE:BPCL) has a Inventory Turnover of 1.85 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bharat Petroleum and its competitors.
Is Bharat Petroleum's Inventory Turnover too high?
Bharat Petroleum's current Inventory Turnover is 1.85. Overall, Bharat Petroleum has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Petroleum's Inventory Turnover compare to VLO and MPC?
Bharat Petroleum's Inventory Turnover of 1.85 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 Inventory Turnover for an Oil & Gas company?
A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bharat Petroleum and its competitors. Bharat Petroleum's current Inventory Turnover is 1.85. 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 ₹329.28, compared to a current price of ₹305.35 — trading 7.3% below its estimated fair value. The current Inventory Turnover is 1.85. Bharat Petroleum's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Bharat Petroleum (NSE:BPCL), the current Inventory Turnover is 1.85 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 ₹305.35 is trading 7.3% below its estimated GF Value™ of ₹329.28. GuruFocus considers Bharat Petroleum to be Fairly Valued.

Key valuation signals for NSE:BPCL:

  • Inventory Turnover: 1.85
  • GF Value™: ₹329.28 vs. price of ₹305.35 (7.3% below fair value)
  • GF Score™: 81/100 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.
81GF Score

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

₹305.35
Price
₹329.28
GF Value