Buy Gulf Oil Lubricants India, target price Rs 562: HDFC Securities

HDFC Securities has buy call on Gulf Oil Lubricants India with a target price of Rs 562. The current market price of Gulf Oil Lubricants India is Rs 484.2.

Time period given by analyst is 6 months when Gulf Oil Lubricants India Ltd. price can reach defined target.

Gulf Oil Lubricants India Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 2376.84 Crore) operating in Petrochemicals sector.


Gulf Oil Lubricants India Ltd. key Products/Revenue Segments include Lubricating Oils, Batteries, Greases, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 715.70 Crore, up 10.00 % from last quarter Total Income of Rs 650.66 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 55.33 Crore in latest quarter.

Promotors/FII Holdings
Promoters held 71.82 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.92 per cent, DIIs 5.06 per cent.