Case study

BPCL

Bharat Petroleum Corporation Limited

Screens attractive1y model +1.4%

Each stock's 10,000-path forecast, rendered as light.

80Score

Bharat Petroleum Corporation Limited (BPCL) Stock Analysis & Case Study

Is BPCL a good buy? The data-driven verdict.

Bharat Petroleum Corporation Limited (BPCL) trades at ₹321,on the numbers it screens attractive, a Downstox Snapshot Score of 80/100.

On the numbers, Bharat Petroleum Corporation Limited (BPCL) screens attractive, a Downstox Snapshot Score of 80/100, weighing inexpensive at 9.0× earnings, ROE of 28.8%, a 52% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

BPCL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1.39L Cr
Current price
₹321
P/E ratio
9.0×
P/B ratio
1.39×
Book value
₹231
Dividend yield
5.45%
ROCE
25.6%
ROE
28.8%
Piotroski F-Score
5/8

How BPCL ranks against the 2,373 companies in our screener

Is BPCL overvalued? BPCL P/E vs its Energy

BPCL's P/E of 9.0× sits below the Energy peer median of 10.8×, so on earnings it screens cheaper than peers, while its 5.45% dividend yield is above the peer median of 3.56%.

BPCL P/E
9.0×
Peer median P/E
10.8×
BPCL div yield
5.45%
Peer median yield
3.56%

BPCL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of BPCL history (5%/yr drift, 29%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
BPCL 2027₹225₹325₹471+1%
BPCL 2028₹194₹330₹560+3%
BPCL 2029₹178₹335₹630+4%
BPCL 2030₹164₹339₹703+6%
BPCL 2031₹152₹344₹780+7%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability BPCL goes up, or doubles?

52%
Higher in 1 year
Modelled chance the price is above today in 12 months
54%
Higher in 5 years
Modelled chance the price is above today in 5 years
17%
Doubles in 5 years
Modelled chance of reaching ₹642 within 5 years

The bull case for BPCL

  • BPCL's P/E of 9.0x is lower than 88% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Low price-to-book of 1.39×, the market is paying little over the company's net assets.
  • BPCL's return on equity of 28.8% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • BPCL's return on capital employed of 25.6% ranks in the 89th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • BPCL's dividend yield of 5.5% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹630.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹178.

BPCL volatility & expected range, how bumpy is the ride?

Over the last 9.8 years BPCL compounded at 5%/year with annualized volatility of 29%. That volatility implies a 1-year 80% range of ₹225-₹471, the honest backbone behind any single price target.

BPCL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.4%
80% range₹225-₹471
P(price ↑)52%
P(price 2×)1%
3-Year Forecast
2029
₹0
Median (P50)
4.2%
80% range₹178-₹630
P(price ↑)54%
P(price 2×)9%
5-Year Forecast
2031
₹0
Median (P50)
7.2%
80% range₹152-₹780
P(price ↑)54%
P(price 2×)17%

BPCL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
BPCL simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds BPCL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the BPCL price target & forecast page.

BPCL Piotroski F-Score: 5/8, how financially strong is it?

5/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. BPCL scores 5/8, mixed financial health.

BPCL MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy BPCL with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox26.19%3.8×
Zerodha25.30%4.0×
Groww25.32%3.9×
Dhan23.00%4.3×
Kotak NeoCHEAPEST22.68%4.4×
Paytm Money23.16%4.3×
Pocketful29.93%3.3×
Fyers31.25%3.2×
Anand Rathi29.66%3.4×
Bajaj Broking24.00%4.2×
Share India29.75%3.4×

Compare every broker on the BPCL MTF page.

BPCL vs peers,Energy comparison

StockP/EDiv yieldMarket cap
BPCL (this stock)9.0×5.45%₹1.39L Cr
RELIANCE24.2×0.45%₹18.06L Cr
ONGC6.9×5.13%₹3.00L Cr
IOC6.0×5.75%₹2.02L Cr
GAIL11.6×2.88%₹1.14L Cr
IGL13.7×2.14%₹21,272 Cr
PETRONET10.8×3.56%₹42,090 Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About Bharat Petroleum Corporation Limited: sector, index & market-cap context

Bharat Petroleum Corporation Limited (BPCL) is a large-cap NSE-listed company in the Energy sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.39L Cr. See more stocks on our screener.

How the BPCL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Bharat Petroleum Corporation Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

BPCL analysis, FAQs

Is Bharat Petroleum Corporation Limited (BPCL) a good buy?

On the numbers, Bharat Petroleum Corporation Limited (BPCL) screens attractive, a Downstox Snapshot Score of 80/100, weighing inexpensive at 9.0× earnings, ROE of 28.8%, a 52% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is BPCL overvalued or undervalued?

BPCL trades at 9.0× earnings versus a peer median of 10.8×, so it screens cheaper than its Energy peers.

What is the BPCL share price target for 2031?

BPCL's probability-weighted 2031 median target is ₹344, with an 80% range of ₹152-₹780 (10,000-path Monte-Carlo).

What is the probability BPCL doubles in 5 years?

The modelled probability of BPCL reaching ₹642 (2×) within 5 years is 17%.

What is the bull case for BPCL?

BPCL's P/E of 9.0x is lower than 88% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. Low price-to-book of 1.39×, the market is paying little over the company's net assets. BPCL's return on equity of 28.8% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in BPCL?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on BPCL