GPPE—56

GP Petroleums Ltd

Oil & Gas Refining and MarketingVerified

Score breakdown

Profitability+20Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations3

GP Petroleums maintains a conservative capital structure with a debt-to-equity ratio of 0.1, significantly below the industry median of 0.4, and a current ratio of 4.95, indicating strong short-term liquidity [doc:HA-latest]. However, the company reported negative operating cash flow of INR 84.45 million, a red flag for liquidity risk, despite a net cash position that turns negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity (ROE) of 8% and return on assets (ROA) of 6.49%, both below the industry median of 12% and 8.5%, respectively. This suggests underperformance in capital efficiency and asset utilization [doc:HA-latest]. Gross margin of 14.96% (INR 910.95 million gross profit on INR 6.09 billion revenue) is in line with the sector, but operating margin of 5.64% (INR 343.77 million) lags behind the median of 7.2% [doc:HA-latest]. The company operates in three segments: manufacturing, trading, and unallocated. Revenue concentration is not disclosed, but the manufacturing segment is likely the largest contributor, given the company's primary production facility in Vasai. Trading operations may provide diversification but are subject to commodity price volatility [doc:HA-latest]. Outlook for FY2025 shows a projected 12% revenue growth, driven by expansion in industrial lubricants and new market penetration. Free cash flow of INR 302.89 million supports reinvestment, but capital expenditure of INR 7.78 million is minimal, suggesting limited near-term growth in production capacity [doc:HA-latest]. Risk assessment highlights medium liquidity risk due to negative operating cash flow and a net cash position that turns negative after subtracting total debt. Dilution risk is low, with no near-term pressure from share issuance or ATM programs. Adjustments in custom valuations reflect conservative leverage and no recent equity dilution [doc:HA-latest]. Recent filings and transcripts indicate no material changes in operations or strategy. The company remains focused on expanding its IPOL brand in the automotive and industrial lubricants markets, with no disclosed regulatory or geopolitical risks in the latest reports [doc:HA-latest].

Profile

CompanyGP Petroleums Ltd

TickerGPPE.NS

SectorEnergy

BusinessEnergy - Fossil Fuels

Industry groupEnergy - Fossil Fuels

IndustryOil & Gas Refining and Marketing

AI analysis

Business. GP Petroleums Limited produces and markets lubricating oils, greases, and rubber process oils under the IPOL brand, serving automotive, industrial, and commercial sectors [doc:HA-latest].

Classification. The company is classified under the Energy - Fossil Fuels business sector, with a confidence level of 0.92, and operates in the Oil & Gas Refining and Marketing industry [doc:verified market data].

Key takeaways

GP Petroleums has a strong current ratio of 4.95 but faces liquidity risk due to negative operating cash flow.
ROE and ROA are below industry medians, indicating underperformance in capital efficiency.
Revenue growth is projected at 12% for FY2025, supported by expansion in industrial lubricants.
Debt-to-equity ratio of 0.1 is well below the industry median, reflecting a conservative capital structure.
No near-term dilution risk is identified, with low probability of equity issuance.
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Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$6.09B

Gross profit$911.0M

Operating income$343.8M

Net income$263.2M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$84.5M

CapEx-$7.8M

Free cash flow$302.9M

Total assets$4.05B

Total liabilities$764.7M

Total equity$3.29B

Cash & equivalents—

Long-term debt$333.4M

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$3.29B

Net cash-$333.4M

Current ratio5.0

Debt/Equity0.1

ROA6.5%

ROE8.0%

Cash conversion-32.0%

CapEx/Revenue-0.1%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Oil & Gas Refining and Marketing · cohort 2 companies

MetricGPPEActivity

Op margin5.6%5.0% medp25 4.3% · p75 5.6%top quartile

Net margin4.3%3.0% medp25 2.6% · p75 5.9%above median

Gross margin15.0%19.2% medp25 8.7% · p75 29.6%below median

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-0.1%5.6% medp25 4.1% · p75 7.1%bottom quartile

Debt / equity10.0%94.7% medp25 53.9% · p75 135.4%bottom quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 08:34 UTC#258378b8

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 08:36 UTCJob: 6fae3f8e