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Gulf Oil Lubric Consolidated September 2023 Net Sales at Rs 802.30 crore, up 11.51% Y-o-Y

Revenue came in at Rs 802.30 crore, up 11.51 percent from year-ago period. The September quarter was also the first time that the company's EBITDA crossed Rs 100-crore mark

Gulf Oil Lubricants gains as Q2 profit zooms 41%

The credit rating agency has affirmed the companys long-term rating at ‘[ICRA] AA (Stable) and the short-term rating at ‘[ICRA] A1+.ICRA said that the ratings considers Gulf Oil Lubricants Indias (GOLILs) strong financial profile, characterised by healthy profitability levels and return indicators and a comfortable capital structure.In FY2023, the company witnessed healthy revenue growth driven by a mix of volume and realisation growth. The operating profit also increased in FY2023 driven by the growth in volumes and company passing on the increase in the raw material prices to consumers. The trend has continued in Q1 FY2024 with healthy revenue and operating profit growth. The ratings continue to consider the companys ability to maintain healthy profitability levels on the back of timely price revisions to partly mitigate the impact of base oil price movements. Another comforting factor is its improving market share in the domestic lubricants industry, driven by its strong marketing efforts, the well-recognised Gulf brand and a wide distribution network. The ratings also positively factor in the strong parentage of the company, being a part of the Hinduja Group.The ratings are, however, constrained by the exposure of the companys profitability to the movements in base oil prices. Its profitability is also exposed to forex movements (to the extent of the unhedged exposure). The companys operations will continue to be exposed to the demand indicators from the automotive sector. The ratings also consider the high competitive pressures in the domestic market, which is largely dominated by Government-owned oil marketing companies (OMCs), apart from other established players in the private sector.The stable outlook on GOLILs long-term rating reflects ICRAs expectation that the credit profile will continue to be healthy, supported by the companys leadership position in the lubricant industry, strong brand and distribution network.Gulf Oil Lubricants India (GOLIL) is part of the transnational conglomerate Hinduja Group. GOLIL sells its lubricants products under the Gulf brand with sales largely to the automotive sector along with industrial users. The scrip rose 0.44% to currently trade at Rs 568.80 on the BSE.

ICRA reaffirms ratings of Gulf Oil Lubricants with 'stable' outlook

Gulf Oil Lubricants India has received reaffirmation in credit ratings from ICRA as under:Long term fund based (Rs 92 crore) ICRA AA; Stable Short term fund  non fund based (Rs 50 crore) ICRA A1+Short term non fund based (Rs 490 crore) ICRA A1+

Gulf Oil Lubricants India receives affirmation in credit ratings from ICRA 

Tirex Transmission is a key player in manufacturing DC Fast Chargers for EVs in India. With a track record of deploying over 400 high-capacity EV fast chargers across the country. It has carved a niche for itself as a leading technology player and a reliable brand in the fast-charging domain, with its comprehensive range of DC chargers, spanning from 30KW to 240KW. Tirex caters to a diverse clientele, including PSUs, Charge Point Operators (CPOs), Automotive OEMs, and Retail with range of chargers available for all vehicles types, including e-Buses. Its turnover for financial year 2022-2023 was Rs 13.26 crore.Participating in a fast-evolving category of DC chargers will open vast expansion space for company in Indian and overseas market. This expands Gulf Oil play in EV value chain with synergies expected from existing business, recent acquisitions already done in EV space by Gulf and Group strengths.The capital infusion into Tirex is earmarked primarily for invigorating R&D initiatives and scaling up production capacities and extending the service network. This strategic alignment fortifies Gulf Oils ambition to emerge as a one-stop solution provider, addressing the entire spectrum of EV charging needs.The company will complete the acquisition within 2-3 months. Pursuant to the purchase of the aforesaid shares on closing, Tirex will become a subsidiary of GOLIL.Ravi Chawla, MD & CEO of Gulf Oil Lubricants India, said, “This acquisition of majority stake in Tirex aligns with our commitment to expanding our footprint in the EV landscape and make a significant play in EV value chain where Gulf in India and globally, in recent years, have already invested in a slow AC charger company Indra Technologies, UK and ElectreeFi, an EV SaaS provider. Tirexs strong performance in the DC charger market, combined with Gulf Oils robust brand strengths, distribution reach and relationships with OEMs & InfraB2B customers, sets the stage for a synergistic partnership. Our combined strengths will undoubtedly pave the way for groundbreaking advancements in EV charging, both domestically and internationally in line with our Global Mobility strategy.”Arth Patel, CEO of Tirex, said, “Aligning with a global powerhouse like the Hinduja Group heralds a transformative chapter for Tirex. As we continue our journey in the rapidly evolving EV charger space, this collaboration will undoubtedly amplify our growth trajectory and technological advancements, fortified by Gulf Oils financial strengths, extensive reach and business expertise.Gulf Oil Lubricants India, part of Hinduja Group and Gulf Oil International, is one of the leading players in the lubricant market in India and has a top 2  3 position in key segments amongst the private sector brands. The company has a wide range of world class-leading products in the automotive and industrial lubricants space catering to B2B and B2C segments with a growing distribution network. The company also has a growing share in the 2-wheeler batteries segment.The companys consolidated net profit jumped 23.2% to Rs 68.2 crore on 14.9% increase in net sales to Rs 118.71 crore in Q1 FY24 over Q1 FY23.

Gulf Oil gains as board nod to acquire 51% stake in Tirex Transmission

The Board of Gulf Oil Lubricants India at its meeting held on 27 August 2023 has approved the acquisition of  51% controlling stake in Tirex Transmission (Tirex), a manufacturer of DC fast chargers for EVs.

Board of Gulf Oil Lubricants India approves acquisition of majority stake in Tirex 

National Standard (India) Ltd, Keynote Financial Services Ltd, Gujarat Lease Financing Ltd and Sadhana Nitro Chem Ltd are among the other losers in the BSEs B group today, 25 August 2023.Gulf Oil Lubricants India Ltd tumbled 8.96% to Rs 570.35 at 14:30 IST.The stock was the biggest loser in the BSEs B group.On the BSE, 40153 shares were traded on the counter so far as against the average daily volumes of 15549 shares in the past one month.National Standard (India) Ltd crashed 8.43% to Rs 5198. The stock was the  second biggest loser in B group.On the BSE, 657 shares were traded on the counter so far as against the average daily volumes of 222 shares in the past one month.Keynote Financial Services Ltd lost 8.13% to Rs 125.04. The stock was the  third biggest loser in B group.On the BSE, 9462 shares were traded on the counter so far as against the average daily volumes of 8133 shares in the past one month.Gujarat Lease Financing Ltd plummeted 7.38% to Rs 3.01. The stock was the  fourth biggest loser in B group.On the BSE, 1520 shares were traded on the counter so far as against the average daily volumes of 3127 shares in the past one month.Sadhana Nitro Chem Ltd pared 6.39% to Rs 70.5. The stock was the  fifth biggest loser in B group.On the BSE, 1.92 lakh shares were traded on the counter so far as against the average daily volumes of 32329 shares in the past one month.

Gulf Oil Lubricants India Ltd leads losers in 'B' group

Emkay Global Financial is bullish on Gulf Oil Lubricants has recommended buy rating on the stock with a target price of Rs 730 in its research report dated August 06, 2023.

Buy Gulf Oil Lubricants; target of Rs 730: Emkay Global Financial

Gulf Oil Lubric Consolidated June 2023 Net Sales at Rs 811.71 crore, up 14.9% Y-o-Y

According to the company's management, the revenue growth has been even higher due to a better product mix being sold with enhanced focus on personal mobility and the premium synthetic segment

Gulf Oil hits 52-week high after Q1 numbers impress investors

Gulf Oil Lubricants India Ltd. engages in the manufacture and distribution of lubricating products. The firm operates through the following segments: Automotive, Industrial and Exports. The Automotive segment includes commercial vehicles, passenger vehicles and two-wheeler. The Industrial segment includes hydraulic fluids, metal working fluids, and industrial greases and gear oils that find application across multiple industries such as construction, manufacturing, textile, power generation, mining, food processing, light-heavy engineering, marine operations and metal working. The Infrastructure segment provides lubricant products, which are used in both on-highway vehicles as well as off-highway construction equipment. The company was founded in 1920 and is headquartered in Mumbai, India.

Watchers	24
52-Wk Low	398.50
52-Wk High	709.80

Market Cap	34.16B
Volume (M)	174,092.00
52-Wk High	709.80
52-Wk Low	398.50

Current Price	688.60
Prev Close	696.50
Open	694.00
Dividend Yield	6.18%
50-Day Moving Average	588.28
Beta	0.04
Avg. Volume	217,327.33
PE Ratio	12.67

52-Week High	709.80
52-Week Low	398.50
Market Capitalization	34.16B
EPS	54.34
Price to Book	2.81
Revenue Per Employee	20.75M
Enterprise Value/EBITDA	6.27

GULFOILLUB.NSE Gulf Oil Lubricants India Ltd

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