Bharat Petroleum Corporation Limited (BPCL) - Net Assets

Latest as of September 2025: Rs939.35 Billion INR ≈ $10.16 Billion USD

Based on the latest financial reports, Bharat Petroleum Corporation Limited (BPCL) has net assets worth Rs939.35 Billion INR (≈ $10.16 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.28 Trillion ≈ $24.65 Billion USD) and total liabilities (Rs1.34 Trillion ≈ $14.49 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BPCL financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs939.35 Billion
% of Total Assets	41.21%
Annual Growth Rate	13.42%
5-Year Change	51.96%
10-Year Change	174.89%
Growth Volatility	12.65

Bharat Petroleum Corporation Limited - Net Assets Trend (2000–2025)

This chart illustrates how Bharat Petroleum Corporation Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Bharat Petroleum Corporation Limited for the complete picture of this company's asset base.

Annual Net Assets for Bharat Petroleum Corporation Limited (2000–2025)

The table below shows the annual net assets of Bharat Petroleum Corporation Limited from 2000 to 2025. For live valuation and market cap data, see BPCL market cap.

Year	Net Assets	Change
2025-03-31	Rs813.84 Billion ≈ $8.80 Billion	+52.06%
2024-03-31	Rs535.22 Billion ≈ $5.79 Billion	0.00%
2023-03-31	Rs535.22 Billion ≈ $5.79 Billion	+3.11%
2022-03-31	Rs519.06 Billion ≈ $5.61 Billion	-3.08%
2021-03-31	Rs535.55 Billion ≈ $5.79 Billion	+38.78%
2020-03-31	Rs385.89 Billion ≈ $4.17 Billion	-5.50%
2019-03-31	Rs408.35 Billion ≈ $4.42 Billion	+6.00%
2018-03-31	Rs385.24 Billion ≈ $4.17 Billion	+17.53%
2017-03-31	Rs327.78 Billion ≈ $3.54 Billion	+10.71%
2016-03-31	Rs296.06 Billion ≈ $3.20 Billion	+24.14%
2015-03-31	Rs238.48 Billion ≈ $2.58 Billion	+15.84%
2014-03-31	Rs205.87 Billion ≈ $2.23 Billion	+15.32%
2013-03-31	Rs178.52 Billion ≈ $1.93 Billion	+5.54%
2012-03-31	Rs169.15 Billion ≈ $1.83 Billion	+3.47%
2011-03-31	Rs163.48 Billion ≈ $1.77 Billion	+8.39%
2010-03-31	Rs150.83 Billion ≈ $1.63 Billion	+6.12%
2009-03-31	Rs142.13 Billion ≈ $1.54 Billion	+3.23%
2008-03-31	Rs137.68 Billion ≈ $1.49 Billion	+13.51%
2007-03-31	Rs121.28 Billion ≈ $1.31 Billion	+15.01%
2006-03-31	Rs105.45 Billion ≈ $1.14 Billion	+13.01%
2005-03-31	Rs93.32 Billion ≈ $1.01 Billion	+19.71%
2004-03-31	Rs77.95 Billion ≈ $843.03 Million	+27.05%
2003-03-31	Rs61.35 Billion ≈ $663.52 Million	+23.33%
2002-03-31	Rs49.75 Billion ≈ $538.02 Million	+21.95%
2001-03-31	Rs40.79 Billion ≈ $441.17 Million	+16.73%
2000-03-31	Rs34.95 Billion ≈ $377.94 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Bharat Petroleum Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1835811900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs183.58 Billion	22.56%
Common Stock	Rs42.73 Billion	5.25%
Other Comprehensive Income	Rs542.52 Billion	66.66%
Other Components	Rs45.02 Billion	5.53%
Total Equity	Rs813.84 Billion	100.00%

Bharat Petroleum Corporation Limited Competitors by Market Cap

The table below lists competitors of Bharat Petroleum Corporation Limited ranked by their market capitalization.

Company	Market Cap
Kakao Corp KO:035720	$14.10 Billion
Tech Mahindra Limited NSE:TECHM	$14.11 Billion
Euronext N.V. PA:ENX	$14.11 Billion
H WORLD GROUP DL-00001 F:CL4	$14.13 Billion
Power Construction Corp of China Ltd SHG:601669	$14.09 Billion
Guangdong Dtech Technology Co. Ltd. A SHE:301377	$14.08 Billion
Henan Shuanghui Investment & Development Co Ltd SHE:000895	$14.06 Billion
Metro Inc. TO:MRU	$14.06 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bharat Petroleum Corporation Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 535,223,600,000 to 813,840,800,000, a change of 278,617,200,000 (52.1%).
Net income of 133,365,500,000 contributed positively to equity growth.
Dividend payments of 65,609,200,000 reduced retained earnings.
Other comprehensive income increased equity by 526,871,400,000.
Other factors decreased equity by 316,010,500,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs133.37 Billion	+16.39%
Dividends Paid	Rs65.61 Billion	-8.06%
Other Comprehensive Income	Rs526.87 Billion	+64.74%
Other Changes	Rs-316.01 Billion	-38.83%
Total Change	Rs-	52.06%

Book Value vs Market Value Analysis

This analysis compares Bharat Petroleum Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.58x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 16.49x to 1.58x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-03-31	Rs18.22	Rs300.45	x
2005-03-31	Rs21.27	Rs300.45	x
2006-03-31	Rs22.86	Rs300.45	x
2007-03-31	Rs26.21	Rs300.45	x
2008-03-31	Rs29.75	Rs300.45	x
2009-03-31	Rs30.69	Rs300.45	x
2010-03-31	Rs32.60	Rs300.45	x
2011-03-31	Rs35.39	Rs300.45	x
2012-03-31	Rs36.60	Rs300.45	x
2013-03-31	Rs40.50	Rs300.45	x
2014-03-31	Rs46.80	Rs300.45	x
2015-03-31	Rs54.32	Rs300.45	x
2016-03-31	Rs74.48	Rs300.45	x
2017-03-31	Rs82.59	Rs300.45	x
2018-03-31	Rs93.09	Rs300.45	x
2019-03-31	Rs98.54	Rs300.45	x
2020-03-31	Rs92.87	Rs300.45	x
2021-03-31	Rs135.17	Rs300.45	x
2022-03-31	Rs121.99	Rs300.45	x
2023-03-31	Rs125.67	Rs300.45	x
2024-03-31	Rs125.62	Rs300.45	x
2025-03-31	Rs190.45	Rs300.45	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bharat Petroleum Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 16.39%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.03%
• Asset Turnover: 2.02x
• Equity Multiplier: 2.68x
Recent ROE (16.39%) is below the historical average (18.64%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	20.14%	2.11%	3.20x	2.99x	Rs3.54 Billion
2002	22.61%	2.05%	2.48x	4.46x	Rs5.19 Billion
2003	30.33%	2.73%	2.54x	4.36x	Rs10.41 Billion
2004	23.51%	2.39%	2.79x	3.52x	Rs8.86 Billion
2005	20.14%	2.39%	2.43x	3.46x	Rs7.76 Billion
2006	5.42%	0.69%	2.46x	3.18x	Rs-4.55 Billion
2007	18.87%	2.18%	2.63x	3.30x	Rs10.08 Billion
2008	13.71%	1.59%	2.34x	3.69x	Rs4.79 Billion
2009	4.76%	0.46%	2.53x	4.06x	Rs-6.97 Billion
2010	11.54%	1.38%	1.88x	4.45x	Rs2.18 Billion
2011	10.65%	1.14%	2.15x	4.36x	Rs998.77 Million
2012	4.92%	0.41%	2.46x	4.90x	Rs-8.07 Billion
2013	10.70%	0.86%	2.76x	4.53x	Rs1.24 Billion
2014	19.26%	1.59%	2.76x	4.37x	Rs18.80 Billion
2015	20.40%	1.98%	2.79x	3.69x	Rs24.50 Billion
2016	25.89%	4.07%	1.99x	3.20x	Rs46.55 Billion
2017	26.84%	4.36%	1.83x	3.36x	Rs54.72 Billion
2018	24.60%	3.83%	1.95x	3.29x	Rs53.47 Billion
2019	20.13%	2.62%	2.17x	3.53x	Rs39.26 Billion
2020	8.36%	1.07%	1.88x	4.13x	Rs-5.98 Billion
2021	30.18%	7.02%	1.43x	3.01x	Rs108.09 Billion
2022	22.51%	3.37%	1.85x	3.61x	Rs64.91 Billion
2023	3.98%	0.46%	2.49x	3.51x	Rs-32.21 Billion
2024	50.18%	5.99%	2.38x	3.52x	Rs215.07 Billion
2025	16.39%	3.03%	2.02x	2.68x	Rs51.98 Billion

Industry Comparison

This section compares Bharat Petroleum Corporation Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.

Industry Context

Industry: Oil & Gas Refining & Marketing
Average net assets among peers: $306,445,241,241
Average return on equity (ROE) among peers: 20.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bharat Petroleum Corporation Limited (BPCL)	Rs939.35 Billion	20.14%	1.43x	$14.10 Billion
Castrol India Limited (CASTROLIND)	$6.04 Billion	79.61%	1.33x	$1.98 Billion
Gandhar Oil Refinery (India) Limited (GANDHAR)	$1.40 Billion	21.94%	4.43x	$146.85 Million
GP Petroleums Limited (GULFPETRO)	$1.27 Billion	3.97%	0.80x	$18.12 Million
Hindustan Petroleum Corporation Limited (HINDPETRO)	$309.81 Billion	8.52%	2.77x	$8.62 Billion
Indian Oil Corporation Limited (IOC)	$690.84 Billion	10.26%	2.86x	$21.72 Billion
Mangalore Refinery and Petrochemicals Limited (MRPL)	$23.95 Billion	15.51%	2.47x	$3.18 Billion
Panama Petrochem Limited (PANAMAPET)	$2.49 Billion	7.11%	1.00x	$183.06 Million
Reliance Industries Limited (RELIANCE)	$1.42 Trillion	17.25%	0.83x	$209.40 Billion

About Bharat Petroleum Corporation Limited

NSE:BPCL India Oil & Gas Refining & Marketing

Market Cap

$14.10 Billion

Rs1.30 Trillion INR

Market Cap Rank

#1692 Global

#58 in India

Share Price

Rs300.45

Change (1 day)

-1.14%

52-Week Range

Rs271.30 - Rs388.30

All Time High

Rs388.30