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Bharat Petroleum Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bharat Petroleum and similar public comparables like SK Innovation, OMV Petrom, Plains All American Pipeline, Ovintiv and more.
Bharat Petroleum Overview
About Bharat Petroleum
Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the following reportable segments: Downstream Petroleum, and Exploration and Production of Hydrocarbons. Downstream Petroleum operations which generate the majority of its revenue, include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India. Geographically, the company derives a majority of its revenue from India and the rest from other countries.
Founded
1952
HQ

Employees
8.7K
Website
Sectors
Financials (LTM)
EV
$18B
Bharat Petroleum Financials
Bharat Petroleum reported last 12-month revenue of $46B and EBITDA of $4B.
In the same LTM period, Bharat Petroleum generated $7B in gross profit, $4B in EBITDA, and $3B in net income.
Revenue (LTM)
Bharat Petroleum P&L
In the most recent fiscal year, Bharat Petroleum reported revenue of $59B and EBITDA of $3B.
Bharat Petroleum expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $46B | XXX | $59B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 16% | XXX | 7% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bharat Petroleum Stock Performance
Bharat Petroleum has current market cap of $15B, and enterprise value of $18B.
Market Cap Evolution
Bharat Petroleum's stock price is $3.37.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $15B | 0.5% | XXX | XXX | XXX | $0.47 |
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Start Free TrialBharat Petroleum Valuation Multiples
Bharat Petroleum trades at 0.4x EV/Revenue multiple, and 4.3x EV/EBITDA.
EV / Revenue (LTM)
Bharat Petroleum Financial Valuation Multiples
As of April 19, 2026, Bharat Petroleum has market cap of $15B and EV of $18B.
Equity research analysts estimate Bharat Petroleum's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bharat Petroleum has a P/E ratio of 5.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 4.3x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | 5.3x | XXX | 8.2x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | 4.3x | XXX | XXX | XXX |
| P/E | 5.6x | XXX | 7.2x | XXX | XXX | XXX |
| EV/FCF | 10.3x | XXX | 17.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bharat Petroleum Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Bharat Petroleum Margins & Growth Rates
Bharat Petroleum's revenue in the last 12 month grew by 8%.
Bharat Petroleum's revenue per employee in the last FY averaged $6.7M, while opex per employee averaged $0.2M for the same period.
Bharat Petroleum's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bharat Petroleum's rule of X is 21% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Bharat Petroleum Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | (21%) | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | (28%) | XXX | 36% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 12% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $6.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 8% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bharat Petroleum Public Comps
See public comps and valuation multiples for other Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bharat Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| SK Innovation | XXX | XXX | XXX | XXX | XXX | XXX |
| OMV Petrom | XXX | XXX | XXX | XXX | XXX | XXX |
| Plains All American Pipeline | XXX | XXX | XXX | XXX | XXX | XXX |
| Ovintiv | XXX | XXX | XXX | XXX | XXX | XXX |
| Gazprom Neft | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bharat Petroleum M&A Activity
Bharat Petroleum acquired XXX companies to date.
Last acquisition by Bharat Petroleum was on XXXXXXXX, XXXXX. Bharat Petroleum acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bharat Petroleum
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBharat Petroleum Investment Activity
Bharat Petroleum invested in XXX companies to date.
Bharat Petroleum made its latest investment on XXXXXXXX, XXXXX. Bharat Petroleum invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bharat Petroleum
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bharat Petroleum
| When was Bharat Petroleum founded? | Bharat Petroleum was founded in 1952. |
| Where is Bharat Petroleum headquartered? | Bharat Petroleum is headquartered in India. |
| How many employees does Bharat Petroleum have? | As of today, Bharat Petroleum has over 8K employees. |
| Is Bharat Petroleum publicly listed? | Yes, Bharat Petroleum is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Bharat Petroleum? | Bharat Petroleum trades under BPCL ticker. |
| When did Bharat Petroleum go public? | Bharat Petroleum went public in 1995. |
| Who are competitors of Bharat Petroleum? | Bharat Petroleum main competitors are SK Innovation, OMV Petrom, Plains All American Pipeline, Ovintiv. |
| What is the current market cap of Bharat Petroleum? | Bharat Petroleum's current market cap is $15B. |
| What is the current revenue of Bharat Petroleum? | Bharat Petroleum's last 12 months revenue is $46B. |
| What is the current revenue growth of Bharat Petroleum? | Bharat Petroleum revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Bharat Petroleum? | Current revenue multiple of Bharat Petroleum is 0.4x. |
| Is Bharat Petroleum profitable? | Yes, Bharat Petroleum is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bharat Petroleum? | Bharat Petroleum's last 12 months EBITDA is $4B. |
| What is Bharat Petroleum's EBITDA margin? | Bharat Petroleum's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Bharat Petroleum? | Current EBITDA multiple of Bharat Petroleum is 4.3x. |
| What is the current FCF of Bharat Petroleum? | Bharat Petroleum's last 12 months FCF is $2B. |
| What is Bharat Petroleum's FCF margin? | Bharat Petroleum's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Bharat Petroleum? | Current FCF multiple of Bharat Petroleum is 10.3x. |
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