Buy Gulf Oil Lubricants India, target price Rs 620: Emkay Global

Emkay Global has buy call on Gulf Oil Lubricants India with a target price of Rs 620. The current market price of Gulf Oil Lubricants India is Rs 420.2.

Gulf Oil Lubricants India Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 2054.31 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-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 729.29 Crore, up 1.90 % from last quarter Total Income of Rs 715.70 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 52.14 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.02 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.4 per cent, DIIs 6.98 per cent.