Buy Gulf Oil Lubricants India, target price Rs 1250: ICICI Securities

ICICI Securities has buy call on Gulf Oil Lubricants India with a target price of Rs 1250. The current market price of Gulf Oil Lubricants India is Rs 1067.15.

Gulf Oil Lubricants India Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 5237.53 Crore) operating in Petrochemicals sector.

Gulf Oil Lubricants India Ltd. key Products/Revenue Segments include Lubricating Oils, Greases, Batteries, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 834.77 Crore, up 1.88 % from last quarter Total Income of Rs 819.37 Crore and up 4.95 % from last year same quarter Total Income of Rs 795.37 Crore. Company reported net profit after tax of Rs 79.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 71.94 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.98 per cent, DIIs 4.03 per cent.