Gulf Oil Lubricants India Ltd
GULFOILLUB | 538567
₹1044.6
-2.20 (-0.21%)
Performance
Historical price movement and trading activity
Trading Data
Overview
Gulf Oil Lubricants India Limited was formerly incorporated as Hinduja Infrastructure Limited' on July 17, 2008 as a wholly owned subsidiary of GOCL. The Company was incorporated with the object of doing property/infrastructure development business. The Company was renamed to Gulf Oil Lubricants India Limited' on September 12, 2013. The Company is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants and synergy products. As per the Scheme of Arrangement, the Lubricants Undertaking of Gulf Oil Corporation was demerged/ transferred to the Company as a going concern, with effect from April 1, 2014. As per the Scheme, Company ceased to be a wholly owned subsidiary of GOCL. Pursuant to allotment of GOLIL shares to the shareholders of GOCL on June 12, 2014, GOIMI became the Promoter of the Company. Gulf Oil Lubricants manufactures and trades in a range of lubricants and oils which are used by automobiles as well as by the industrial sector. We are a supplier to several automobile manufacturers in India and our products are approved by several OEM's. We have also diversified into automotive accessories such as automotive filters, batteries as well as supplying lubricant handling and dispensing equipment to OEM's and private garages. The Company's manufacturing facility is located at Silvassa and is accredited with both ISO 9001:2008 and ISO 14001:2004 certification. This manufacturing facility employs process logic control systems and ensures that products manufactured meet the necessary levels of quality and consistency. The Hon'ble High Court of Andhra Pradesh, vide its order dated April 16, 2014 has approved the Scheme of Arrangement between Gulf Oil Corporation Ltd (Transferor Company/Demerged Company/GOCL) and Gulf Oil Lubricants India Ltd (Transferee Company / Resulting Company / GOLIL/Company) and their respective shareholders and creditors. The Scheme provided for demerger and transfer of the Lubricants Undertaking of Gulf Oil Corporation Ltd to Gulf Oil Lubricants India Ltd, w.e.f. April 1, 2014 (the appointed date under the Scheme) pursuant to Section 391 to 394 read with Sections 78, 100 to 104 of the Companies Act, 1956. Upon filing the Order of the High Court with the Registrar of Companies at Hyderabad, the Scheme became effective on May 31,2014. Pursuant of Scheme of Arrangement, shareholders of GOCL have been allotted 1 fully paid equity share of face value Rs 2/- each in Gulf Oil Lubricants India Ltd for every 2 equity shares held in GOCL and simultaneous effect was given to capital reduction / reorganization in GOCL by allotting 1 new GOCL fully paid equity share of face value Rs 2/- each for every such two old GOCL shares. These GOCL and GOLIL shares have been issued and allotted on June 12, 2014 to the eligible shareholders of GOCL whose names appeared on the Register of Members as on the Record Date i.e. June 5, 2014. New share certificates of GOLIL have been dispatched to all the Shareholders on June 18, 2014 and dematerialsed shares have been credited to the demat accounts of the shareholders by Central Depository Services India Ltd on June 20, 2014 and National Securities Depository Ltd on June 21, 2014. The Company has been admitted for listing and trading on BSE Ltd (BSE) and National Stock Exchange India Ltd (NSE) with effect from July 31, 2014. Subsequent to the year-end, the approval of the shareholders was obtained on May 13, 2015, through Postal Ballot process for shifting of Registered Office of the Company from Hyderabad, State of Telangana to Mumbai, the State of Maharashtra. The approval of Regional Director was received on July 3, 2015 approving the shifting of Registered Office of the Company to Mumbai, State of Maharashtra. The new address of the Registered Office of the Company is 'IN Centre, 49/50, M.I.D.C., 12th Road, Andheri (East), Mumbai - 400 093, Maharashtra, India. In 2015, Gulf Oil & Schwing Stetter entered into Tie-up to Market Co-Branded Lubricants for India. Gulf Oil Launches 'Ultrasynth X' For Mid-Sized Passenger Cars. During the year 2016, the company launched specialized lubricants - Gulf Pride Scooter Oil - for the fast growing scooter segment. During the year 2017, the Company started the construction of its second plant at Ennore (Chennai). The Company launched two new products in the PCMO category during the year 2019, namely, Multi G for CNG cars and Tata Motors Genuine Oil. It entered into an agreement with Tata Motors to launch a range of co-branded lubricants for the passenger vehicles section in the bazaar segment. In the commercial vehicle oils/DEO, the Company launched three new products in this segment, namely Superfleet Turbo+, Cargo Power Pro and Force Genuine Oil range. These products are receiving encouraging market response due to the differentiated customer value proposition offered by each one of them. In OEM Franchise Workshops Segment, the Company acquired new OEMs namely Force Motors, Tata Motors (Passenger Cars business unit), among others in FY19. During the year 2019, the infrastructure, mining and fleet (IMF) business segment added two new OEMs (L&T Construction Equipment and Putzmeister Concrete Machines), even as it continued to witness healthy momentum with existing OEMs. The Company launched BS VI engine oils for specific OEM customers, such as Bajaj (MCOs), Ashok Leyland (CVs), Piaggio (three wheelers), in year, 2020; it further launched Gulf AdBlue Ecopro along with other OEM co-branded AdBlue, launched tractor engine oil technology to meet current TREM III emission standards and also upcoming TREM IV emission standards; launched high-quality knitting oils for the textile industry. In 2021, the Company launched EV fluids for hybrid and fully electric vehicles. It launched the McLaren F1 car in Gulf livery at Monaco F1 race. The Company further acquired a 26% stake in a SaaS Company, Techperspect Software Private Limited and made it an Associate of the Company effective on March 10, 2022. A specialized metal working fluids commissioned at Silvassa Plant. The Company opened a new fully automatic 'AdBlue' manufacturing section at its plant in Chennai. The Company launched EV fluids for two major OEMs, Piaggio, and Switch Mobility in 2023. Further, it launched notable products, such as 1000 Hours Gulf XHD Supreme+ in the agri segment and value range Gulf Zipp Smart and Gulf Zipp Plus in the motorcycle engine oil divisions. In 2023-24, Company acquired 51% stake in Tirex Transmission Private Limited, making it a subsidiary of the Company effective from October 30, 2023. In 2024-25, Company launched the Unlock 2.0' theme, focusing on growth acceleration, premiumization, and digital transformation.
Sector & Industry
Chemicals - Lubricants
Listing Exchange
National Stock Exchange (NSE)
Bombay Stock Exchange (BSE)
Fundamentals
Financial strength and ownership structure
Valuation & Ratios
Financial Performance
Shareholding Pattern
Technicals
Price-based indicators and levels
Indicators
Index (RSI)+56.78Neutral
Support and Resistance Levels
Moving Averages
News
Hot Pursuit
Gulf Oil Lubricants Q4 PAT slides 3% YoY to Rs 90 cr
28 May 2026
Gulf Oil Lubricants India has reported 3.44% drop in consolidated net profit to Rs 89.59 crore despite a 10.76% increase in revenue from operations to Rs 1,055.26 crore in Q4 FY26 over Q4 FY25.
While EBITDA improved by 6.04% to Rs 136.52 crore, EBITDA margin declined by 57 basis points YoY to 12.94% in Q4 FY26. Profit before tax in Q4 FY26 stood at Rs 120.09 crore, down by 4.08% from Rs 125.21 crore recorded in Q4 FY25. Ravi Chawla, MD & CEO, said, 'Overall Business Performance- The quarter has been a strong one for us, with all-time high quarterly Volumes, Revenue, and EBITDA supported by customer demand and business agility. Lubricants volume for the quarter demonstrated significant momentum recording a growth of 14%, significantly outperforming industry growth by over 3x translating into similar 14% growth in overall revenue, reflecting our continued focus on growth priorities across segments in lubricants and commitment to growing the mobility segment. Growth was broad-based across all key segments, rising above and beyond with industry-leading performance. Passenger Car Motor Oils (PCMO) and Commercial Vehicle Oils (CVO) delivering double-digit growth, while the Agri segment also registered robust double-digit growth. Our OEM Franchise Workshop (FWS) business also recorded strong double-digit growth, supported by sustained momentum across existing partnerships. We continued to strengthen and renew our OEM associations, further reinforcing our leadership position in the OEM FWS segment. B2B Industrial segment continued its strong trajectory with high double-digit growth during the quarter. FY26 has been a year marked by sustained business momentum, with double-digit lubricant volume growth for the full year and disciplined execution amid geopolitical headwinds. We closed the year on a high note as consolidated revenue for the year crossed Rs 4,000 crore. Outlook- As we enter the next phase of our growth journey, we remain committed to industry-leading performance across B2C, B2B Industrial & Infra and OEM segments, strengthening our portfolio, driving innovations, and delivering consistent value to consumers across markets. As macro conditions remain dynamic, we are confident in our ability to navigate challenges while continuing to strengthen our growth trajectory. Our focus remains on building a stronger, future-ready organization that consistently delivers sustainable long-term value for all stakeholders. Mobility- Our EV subsidiary Tirex also continued to gain momentum during the year with revenue for FY26 crossing Rs. 100 Crores mark. The business is witnessing encouraging traction with marquee customer additions and remains well aligned with our long-term vision of building a future-ready mobility ecosystem and strengthening the EV segment as a key growth pillar for the company.' Manish Gangwal, Whole-Time Director & CFO, said, 'With the quarter marked by heightened global volatility and shifting trade dynamics, the Company's performance was supported by higher volumes and disciplined cost management. Crude oil prices remained elevated through the latter part of the quarter, leading to a sharp increase in raw material costs, while continued weakness in the rupee further increased input costs and exerted pressure on margins. Despite these headwinds, our focus on disciplined pricing actions, cost optimization, and operational agility helped us navigate the quarter effectively. EBITDA for the quarter stood at Rs. 135.08 crores with a margin of 13.0%. Despite these challenges, the Company's PBT (before exceptional items), excluding the impact of one-time profit on sale of a land parcel in the previous year, grew by 4% in FY2025-26. Reflecting this performance and our continued focus on long-term value creation, the Board has declared a final dividend of Rs. 30.00 per equity share, representing 1,500% of the face value of Rs. 2 per share. This takes the total dividend for FY26 to Rs. 51.00 per equity share, i.e., 2,550% on the face value of Rs. 2 per share, including the interim dividend of Rs. 21 per share declared and paid in February 2026. Standalone quarterly revenue reached an all-time high of Rs. 1,040 crores, growing 13.7% YoY, driven by double-digit volume growth and disciplined business execution. Crude oil prices remained elevated during the latter part of Q4, causing a sharp rise in raw material costs. Overall lubricants volume grew 14% YoY in Q4, outperforming industry growth by more than three times and marking an all-time high quarterly volume. Full-year volume growth stood at 10.5%. The Company delivered a strong finish to FY26 with another quarter of consistent double-digit topline growth. Full-year revenue grew by 12.3%, while quarterly revenue growth stood at 13.7%, supported by strong double-digit volume expansion. Looking ahead, we remain watchful of the evolving macroeconomic environment, particularly continued volatility in crude oil prices and adverse currency movements, which are expected to keep input cost pressures elevated. Despite these external headwinds, we remain confident in our ability to respond with agility through timely pricing actions, disciplined cost management, operational efficiencies, and focused execution. We remain committed to driving sustainable growth and delivering long-term value for all stakeholders.' The board has recommended a final dividend of Rs 30 per equity share of face value Rs 2 each (1,500%) for the financial year 2025-26. The record date for determining eligible shareholders entitled to receive the final dividend will be intimated at a later date. Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group and Gulf Oil International, is a leading player in India's lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants. GOLIL has extensive Pan India distribution network for B2C and tie-ups with over 50 OEMs, 1000+ industrial, infrastructure, and institutional clients for B2B and also exports to over 25 countries. Shares of Gulf Oil Lubricants India declined 0.16% to close at Rs 930 on the BSE on Wednesday, 27 May 2026. Powered by Capital Market - Live News
Gulf Oil Lubricants renews multi-year pact with Mahindra & Mahindra
21 Feb 2026
Gulf Oil Lubricants India said that it has renewed its multi-year agreement with Mahindra Tractors Division, Farm Equipment Business, Mahindra & Mahindra.
The renewal reinforces a strategic alliance that began in 2011 with a co-branded initiative alongside Mahindra Automotive and expanded into the Tractors Division in 2014. Over the past 12 years, the partnership has evolved into one of Gulf Oil's most enduring OEM relationships. The collaboration has been consistently strengthened through investments in digital initiatives, efficient supply chain management, and impactful joint marketing campaigns, delivering growth and value for all stakeholders. Ravi Chawla, managing director & CEO, Gulf Oil Lubricants India, said: 'Our renewed partnership with Mahindra Tractors is a testament to the strength of our alliance and the shared values that drive it. In line with our long-term philosophy of partnership for growth, we have, over the past decade, consistently delivered reliable performance and service excellence, adding sustained value to Mahindra & Mahindra.' Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group and Gulf Oil International, is a leading player in India's lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants. The company had reported 21.77% drop in consolidated net profit to Rs 76.13 crore despite a 10.56% increase in revenue from operations to Rs 1,017.55 crore in Q3 FY26 as compared with Q3 FY25. The scrip shed 0.95% to currently trade at Rs 1081.80 on the BSE. Powered by Capital Market - Live News
Gulf Oil Lubricants records PAT of Rs 76.13 crore in Q3; EBITDA rises 7.80% YoY
10 Feb 2026
Gulf Oil Lubricants India has reported 21.77% drop in consolidated net profit to Rs 76.13 crore despite a 10.56% increase in revenue from operations to Rs 1,017.55 crore in Q3 FY26 as compared with Q3 FY25.
While EBITDA improved by 7.80% to Rs 132.46 crore, EBITDA margin declined by 33 basis points YoY to 13.02% in Q3 FY26. Profit before tax in Q3 FY26 stood at Rs 102.10 crore, down by 20.89% from Rs 129.06 crore recorded in Q3 FY25. Ravi Chewla, managing director & CEO, Gulf Oil Lubricants India, commented: Demand and sales picked up in the second half of the quarter post the prolonged monsoon and festivities. Overall lubricants volume grew by 8%, clearly outperforming industry growth by 2x, supported by double-digit growth in key segments of 82C led by Passenger Car Motor Oil (PCMO) & Agri and across B2B segments. The OEM Franchise Workshops (FWS) business delivered high double-digit growth, driven by strong momentum from existing partnerships. Growth was broad-based across categories, with PCMO registering high double-digit growth, while the Agri segment also recorded good double-digit increase. We expect overall demand momentum to continue in the coming quarter, enabling us to close the year on a strong note. GST rationalisation for ICE vehicles has improved the affordability providing a renewed sense of optimism among the consumer, creating additional growth opportunities. Continued focus on rural and agri markets will remain a key driver in sustaining growth trajectory. In addition, our EV subsidiary Tirex is charging ahead, acquiring new marquee customers and delivering strong financial performance. The business is on track to close the year in line with the expectations and remains well aligned with our long-term strategy to scale and strengthen the EV segment as a core pillar for us. Tirex closed Q3 with top-line growth of 83%, while delivering 78% growth over the nine-month period.' Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group and Gulf Oil International, is a leading player in India's lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants. The scrip rose 1.33% to currently trade at Rs 1181.60 on the BSE. Powered by Capital Market - Live News
Corporate News
Gulf Oil Lubricants India launches new B2B brand campaign
15 Jun 2026
Gulf Oil Lubricants India announced the launch of its new B2B brand campaign, 'Dream Beyond. Do Beyond', aimed at strengthening relationship with stakeholders across the industrial, infrastructure, and OEM segments of its business. The campaign is a celebration of the commitment and partnerships that have long defined Gulf's approach to supporting its customers and showcases how successful collaborations act as powerful enablers of growth for India's manufacturing and infrastructure sectors. It reinforces Gulf's philosophy of consistently going the extra mile, beyond the call of duty and standing shoulder to shoulder to help customers achieve their ambitious goals. It also highlights Gulf's role as a solutions partner that goes beyond lubricants, working closely with customers to understand their operational requirements and deliver tailored solutions for highly demanding projects. The film brings to life Gulf's role as one of India's leading private lubricant companies, powering large-scale endeavours. Over the years, Gulf has worked alongside customers on some of India's most ambitious projects, from iconic bridges and dams to highways, tunnels, and large-scale mining operations, providing next-generation lubrication solutions for some of the most demanding applications.
Board of Gulf Oil Lubricants India recommends final dividend
28 May 2026
Of Rs 30 per share
Gulf Oil Lubricants India announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 30 per equity Share (i.e. 1500%) , subject to the approval of the shareholders.
Gulf Oil Lubricants India announces board meeting date
23 May 2026
On 27 May 2026
Gulf Oil Lubricants India will hold a meeting of the Board of Directors of the Company on 27 May 2026.
Board of Gulf Oil Lubricants India recommends interim dividend
10 Feb 2026
Of Rs 21 per share
Gulf Oil Lubricants India announced that the Board of Directors of the Company at its meeting held on 9 February 2026, inter alia, have recommended the interim dividend of Rs 21 per equity Share (i.e. 1050%) , subject to the approval of the shareholders. Powered by Capital Market - Live News
Gulf Oil Lubricants India to discuss results
2 Feb 2026
On 9 February 2026
Gulf Oil Lubricants India will hold a meeting of the Board of Directors of the Company on 9 February 2026. Powered by Capital Market - Live News
Results - Announcements
Gulf Oil Lubricants India consolidated net profit declines 2.65% in the March 2026 quarter
28 May 2026
Sales rise 10.76% to Rs 1055.26 crore
Net profit of Gulf Oil Lubricants India declined 2.65% to Rs 89.75 crore in the quarter ended March 2026 as against Rs 92.19 crore during the previous quarter ended March 2025. Sales rose 10.76% to Rs 1055.26 crore in the quarter ended March 2026 as against Rs 952.74 crore during the previous quarter ended March 2025. For the full year,net profit declined 3.40% to Rs 347.63 crore in the year ended March 2026 as against Rs 359.85 crore during the previous year ended March 2025. Sales rose 11.70% to Rs 4056.04 crore in the year ended March 2026 as against Rs 3631.16 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 1055.26 952.74 11 4056.04 3631.16 12 OPM % 12.93 13.51 - 12.67 13.01 - PBDT 138.99 141.38 -2 555.13 535.24 4 PBT 120.09 125.21 -4 485.98 479.47 1 NP 89.75 92.19 -3 347.63 359.85 -3 Powered by Capital Market - Live News
Gulf Oil Lubricants India consolidated net profit declines 21.93% in the December 2025 quarter
10 Feb 2026
Sales rise 10.56% to Rs 1017.55 crore
Net profit of Gulf Oil Lubricants India declined 21.93% to Rs 76.44 crore in the quarter ended December 2025 as against Rs 97.91 crore during the previous quarter ended December 2024. Sales rose 10.56% to Rs 1017.55 crore in the quarter ended December 2025 as against Rs 920.40 crore during the previous quarter ended December 2024. Particulars Quarter Ended Dec. 2025 Dec. 2024 % Var. Sales 1017.55 920.40 11 OPM % 13.02 13.31 - PBDT 142.66 142.32 0 PBT 124.88 129.06 -3 NP 76.44 97.91 -22 Powered by Capital Market - Live News
Market Beat
Gulf Oil Lubricants India fixes record date for interim dividend
10 Feb 2026
Record date is 13 February 2026
Gulf Oil Lubricants India has fixed 13 February 2026 as record date to determine the eligible shareholders entitled for interim dividend of Rs 21 per equity share of face value of Rs 2 each for the financial year 2025-26. Powered by Capital Market - Live News
Insider Activity
Acquisitions
Anand Sathaye
Employee
Acquired 3000 shares worth ₹10,08,000
Reported on 4 May 2022
Mode: ESOP
Manish Kumar Gangwal
KMP
Acquired 3480 shares worth ₹12,33,695
Reported on 4 May 2022
Mode: ESOP
Mr. Dipnarayan Tiwari
Designated Person
Acquired 5000 shares worth ₹16,80,000
Reported on 16 Aug 2021
Mode: ESOP
Mr. Anand Sathaye
Designated Person
Acquired 6055 shares worth ₹20,34,480
Reported on 16 Aug 2021
Mode: ESOP
Mr. Vinay Kumar
Designated Person
Acquired 2000 shares worth ₹10,87,240
Reported on 16 Aug 2021
Mode: ESOP
Mr. Ravi Chawla
Director
Acquired 24000 shares worth ₹80,64,000
Reported on 16 Aug 2021
Mode: ESOP
Mr. Satyabrata Das
Designated Person
Acquired 6252 shares worth ₹21,00,672
Reported on 16 Aug 2021
Mode: ESOP
Mr. Manish Kumar Gangwal
Designated Person
Acquired 12000 shares worth ₹40,96,415
Reported on 16 Aug 2021
Mode: ESOP
Mr. Nagendra Pai
Designated Person
Acquired 15702 shares worth ₹52,75,872
Reported on 16 Aug 2021
Mode: ESOP
Mr. Nilesh Garg
Designated Person
Acquired 13081 shares worth ₹43,95,216
Reported on 16 Aug 2021
Mode: ESOP
Mr. Somesh Sabhani
Designated Person
Acquired 6411 shares worth ₹21,54,096
Reported on 16 Aug 2021
Mode: ESOP
Disposals
Ravi Chawla
KMP
Disposed 5000 shares worth ₹62,74,460
Reported on 31 Mar 2025
Mode: Market Sale
Manish Kumar Gangwal
KMP
Disposed 1000 shares worth ₹13,01,030
Reported on 24 Mar 2025
Mode: Market Sale
Ravi Chawla
KMP
Disposed 2376 shares worth ₹29,93,760
Reported on 24 Mar 2025
Mode: Market Sale
Somesh Sabhani
Designated Person
Disposed 1450 shares worth ₹18,75,500
Reported on 24 Mar 2025
Mode: Market Sale
Somesh Sabhani
Designated Person
Disposed 550 shares worth ₹7,06,750
Reported on 24 Mar 2025
Mode: Market Sale
Vivek Tomar
Designated Person
Disposed 1590 shares worth ₹19,31,182
Reported on 19 Mar 2025
Mode: Market Sale
Somesh Sabhani
Designated Person
Disposed 1000 shares worth ₹12,62,500
Reported on 19 Mar 2025
Mode: Market Sale
Ralph Anthony Drago
Designated Person
Disposed 841 shares worth ₹9,92,769
Reported on 19 Mar 2025
Mode: Market Sale
Manish Kumar Gangwal
KMP
Disposed 2000 shares worth ₹25,30,000
Reported on 19 Mar 2025
Mode: Market Sale
Himanshu Tiwari
Designated Person
Disposed 837 shares worth ₹10,22,045
Reported on 19 Mar 2025
Mode: Market Sale
Anand Sathaye
Employee
Disposed 660 shares worth ₹3,96,000
Reported on 4 May 2022
Mode: Buy Back
Manish Kumar Gangwal
KMP
Disposed 700 shares worth ₹4,20,000
Reported on 4 May 2022
Mode: Buy Back
Ravi Shamlal Chawla
Director
Disposed 3290 shares worth ₹19,74,000
Reported on 25 Apr 2022
Mode: Buy Back
Gulf Oil International Mauritius Inc.
Promoter
Disposed 918499 shares worth ₹55,10,99,400
Reported on 25 Apr 2022
Mode: Buy Back
Mr. Dipnarayan Tiwari
Designated Person
Disposed 2925 shares worth ₹17,16,975
Reported on 30 Sept 2021
Mode: Market Sale
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