Bharat PetroleumNSE:BPCL -1.88%79 ROA % is 9.05% as of Mar. 2026, which is 24% above its 10-year median of 7.28. GuruFocus rates NSE:BPCL with a GF Score™ of 79/100 and a GF Value™ of ₹325.34 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,025 Oil & Gas companies, Bharat Petroleum ranks better than 88.39% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Bharat Petroleum's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹224,982 Mil.
Bharat Petroleum's average Total Assets over the quarter that ended in Mar. 2026 was ₹2,486,160 Mil. Therefore, Bharat Petroleum's annualized ROA % for the quarter that ended in Mar. 2026 was 9.05%.
The historical rank and industry rank for Bharat Petroleum's ROA % or its related term are showing as below:
NSE:BPCL'
s ROA % Range Over the Past 10 Years
Min: 1.13 Med: 7.28 Max: 13.75
Current: 11.16
During the past 13 years, Bharat Petroleum's highest ROA % was 13.75%. The lowest was 1.13%. And the median was 7.28%.
NSE:BPCL's ROA % is ranked better than 88.39% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs NSE:BPCL: 11.16
Bharat Petroleum (NSE:BPCL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Bharat Petroleum ROA % Related Terms
Bharat Petroleum ROA % Historical Data
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The historical data trend for Bharat Petroleum's ROA % 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.
For the Oil & Gas Refining & Marketing subindustry, Bharat Petroleum's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Bharat Petroleum's ROA % distribution charts can be found below:
* The bar in red indicates where Bharat Petroleum's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Bharat Petroleum (NSE:BPCL) has a ROA % of 9.05% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Bharat Petroleum and its competitors. This is 24% above median its historical median of 7.28. Over the past decade, Bharat Petroleum's ROA % has ranged from 1.13 to 13.75. According to the industry distribution chart, Bharat Petroleum ranks #119 out of 1025 companies in the Oil & Gas industry, placing it in the top 11.6%.
Is Bharat Petroleum's ROA % too high?
Bharat Petroleum's current ROA % of 9.05% is 24% above median its 10-year median of 7.28. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 13.75. The Oil & Gas industry median ROA % is 1.89. Bharat Petroleum's value of 9.05% is 378.8% above this industry median. Based on the distribution chart, Bharat Petroleum ranks #119 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 ROA % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Bharat Petroleum ranks #119 out of 1025 companies for ROA %. This places Bharat Petroleum in the top 12% of its industry — outperforming the majority of peers. The industry median ROA % is 1.89. Bharat Petroleum's value of 9.05% is 378.8% above this benchmark. Historically, Bharat Petroleum's own ROA % has ranged from 1.13 to 13.75 over the past decade. While the company's 10-year median is 7.28 vs. the industry median of 1.89, Bharat Petroleum has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Petroleum's current ROA % of 9.05% is 378.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Bharat Petroleum and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Petroleum's current ROA % is 9.05%, which is 24% above median its own 10-year median of 7.28. 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 ₹325.34, compared to a current price of ₹309.75 — trading 4.8% below its estimated fair value. The current ROA % is 9.05%, which is 24% above median its 10-year median of 7.28 and 378.8% above the Oil & Gas industry median of 1.89. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Bharat Petroleum (NSE:BPCL), the current ROA % is 9.05% 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 ₹325.34.
GuruFocus considers Bharat Petroleum to be Fairly Valued.
Key valuation signals for NSE:BPCL:
ROA %: 9.05% (24% above median its 10-year median of 7.28)
GF Value™: ₹325.34 vs. price of ₹309.75 (4.8% below fair value)
Industry Position: 378.8% above the Oil & Gas median (#119 of 1025)
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 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
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