Bharat Petroleum (NSE:BPCL) Scaled Net Operating Assets: N/A (As of Mar. 2026)


NSE:BPCL Bharat Petroleum Corp Ltd NSE:BPCL
79 GF Score
Price ₹308.15
GF Value ₹326.90
Valuation Fairly Valued
! 4 Warning Signs
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What is Bharat Petroleum Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bharat Petroleum's operating assets for the quarter that ended in Mar. 2026 was ₹2,256,939 Mil. Bharat Petroleum's operating liabilities for the quarter that ended in Mar. 2026 was ₹940,214 Mil. Bharat Petroleum's Total Assets for the quarter that ended in Dec. 2025 was ₹0 Mil. Therefore, Bharat Petroleum's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was N/A.

Bharat Petroleum Scaled Net Operating Assets Historical Data

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The historical data trend for Bharat Petroleum's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Bharat Petroleum Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.62 0.64 0.64 0.60

Bharat Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.00 0.00 0.00 0.00 0.00

NSE:BPCL vs VLO, MPC, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, Bharat Petroleum's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bharat Petroleum's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bharat Petroleum's Scaled Net Operating Assets falls into.


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

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bharat Petroleum's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(2256938.5-940213.5)/2183822.2
=0.60

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2486160.3 - 229221.8
=2256938.5

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1484457.7 - 318199.2 - 226045
=940213.5

Bharat Petroleum's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2256938.5-940213.5)/0
=N/A

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2486160.3 - 229221.8
=2256938.5

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1484457.7 - 318199.2 - 226045
=940213.5

* 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.

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

Based on GuruFocus' analysis, Bharat Petroleum stock appears to be undervalued. The current stock price of ₹308.15 is trading 5.7% below its estimated GF Value™ of ₹326.90. GuruFocus considers Bharat Petroleum to be Fairly Valued.

Key valuation signals for NSE:BPCL:

  • Scaled Net Operating Assets: N/A
  • GF Value™: ₹326.90 vs. price of ₹308.15 (5.7% 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

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

₹308.15
Price
₹326.90
GF Value