Latest news with #GulfOil
Time of India
7 days ago
- Automotive
- Time of India
Hinduja Group's EV bus manufacturing facility to be operational in 2 months
Lucknow: A delegation from the Hinduja Group informed the state govt on Wednesday that commercial production at the Ashok Leyland EV Bus Manufacturing facility in Lucknow is expected to commence within two months. In a meeting with Chief Secretary Manoj Kumar Singh, the delegation said that construction of the facility had been completed in a record time of 18 months. Sharing further details, a govt spokesperson said, "Senior representatives from the Hinduja Group held discussions with state government officials on exploring strategic partnerships and investment opportunities in electric vehicles , EV charging infrastructure, media, renewable energy, insurance, and financial services." The Hinduja Group delegation was led by senior advisor Dr SK Chaddha, MD & CEO of Gulf Oil Ravi Chawla, and MD of HGS Limited Vynsley Fernandes, among others. They presented their expansion plans and requested support in the form of additional land. The company outlined its vision to develop 3–4 GW of renewable energy capacity in Uttar Pradesh, including key projects such as a 600 MW plant in Jhansi and a 1,000 MW Sukhnai Pumped Storage Project in Mirzapur. Additionally, NXTDIGITAL presented its proposals aimed at bridging the digital divide in Uttar Pradesh.
The Print
7 days ago
- Automotive
- The Print
Hinduja Group eyes strategic investments in EVs, energy and banking in Uttar Pradesh
Discussions focused on exploring strategic partnerships and investment opportunities in electric vehicles, EV charging infrastructure, media, renewable energy, insurance, and financial services. The meeting with senior representatives from the Hinduja Group was chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, an official statement issued here said. Lucknow, Jul 16 (PTI) Hinduja Group expressed keen interest in investing across key sectors like EVs, energy and banking in Uttar Pradesh at a high-level investment review meeting on Wednesday at the Invest UP office here. The Hinduja Group delegation was led by SK Chaddha, senior advisor, along with Ravi Chawla, MD and CEO of Gulf Oil and Vynsley Fernandes, MD & CEO of HGS Limited, it said. Various Hinduja Group companies, including IndusInd Bank, IndusInd Insurance, Gulf Oil, Hinduja Renewables, NXTDIGITAL, and Ashok Leyland, made detailed presentations to the Chief Secretary and senior government officials. Ashok Leyland highlighted the rapid completion, within 18 months, of its electric bus manufacturing facility in Lucknow. Commercial production at the facility is expected to begin within the next two months. The company also requested additional land to support expansion plans for future growth, it said. Gulf Oil, one of the world's largest independent downstream lubricant companies operating in over 100 countries, showcased its business profile and future-ready EV lubricant offerings. The company also presented its capabilities in EV charging infrastructure, offering end-to-end solutions, including AC/DC chargers and proprietary software for vehicles ranging from two-wheelers to electric buses, the statement said. Gulf Oil proposed support in establishing a robust EV charging network across the state, it said. IndusInd Bank showcased its growing footprint in the state, now operating in 57 districts with 186 branches and 230 ATMs, reflecting a commitment to financial inclusion and accessible banking services across the state. NXTDIGITAL, another key Hinduja Group entity, presented its potential to bridge the digital divide in the state. Additionally, the statement said the Hinduja Group expressed strong interest in contributing to the state's vision of becoming a USD 1 trillion economy. PTI ABN SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
7 days ago
- Automotive
- Time of India
Hinduja Group eyes strategic investments in EVs, energy and banking in Uttar Pradesh
Hinduja Group expressed keen interest in investing across key sectors like EVs, energy and banking in Uttar Pradesh at a high-level investment review meeting on Wednesday at the Invest UP office here. The meeting with senior representatives from the Hinduja Group was chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, an official statement issued here said. Explore courses from Top Institutes in Select a Course Category PGDM Finance Product Management Project Management Degree Leadership Public Policy Management Data Science healthcare Design Thinking Data Science Cybersecurity Data Analytics Artificial Intelligence Operations Management MCA Healthcare MBA Digital Marketing CXO others Technology Others Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Discussions focused on exploring strategic partnerships and investment opportunities in electric vehicles, EV charging infrastructure , media, renewable energy, insurance, and financial services. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experience next-level CPAP comfort with Resmed AirSense 11 ResMed Buy Now Undo The Hinduja Group delegation was led by SK Chaddha, senior advisor, along with Ravi Chawla, MD and CEO of Gulf Oil and Vynsley Fernandes, MD & CEO of HGS Limited, it said. Various Hinduja Group companies, including IndusInd Bank , IndusInd Insurance, Gulf Oil, Hinduja Renewables , NXTDIGITAL, and Ashok Leyland , made detailed presentations to the Chief Secretary and senior government officials. Live Events Ashok Leyland highlighted the rapid completion, within 18 months, of its electric bus manufacturing facility in Lucknow. Commercial production at the facility is expected to begin within the next two months. The company also requested additional land to support expansion plans for future growth, it said. Gulf Oil, one of the world's largest independent downstream lubricant companies operating in over 100 countries, showcased its business profile and future-ready EV lubricant offerings. The company also presented its capabilities in EV charging infrastructure, offering end-to-end solutions, including AC/DC chargers and proprietary software for vehicles ranging from two-wheelers to electric buses, the statement said. Gulf Oil proposed support in establishing a robust EV charging network across the state, it said. IndusInd Bank showcased its growing footprint in the state, now operating in 57 districts with 186 branches and 230 ATMs, reflecting a commitment to financial inclusion and accessible banking services across the state. NXTDIGITAL, another key Hinduja Group entity, presented its potential to bridge the digital divide in the state. Additionally, the statement said the Hinduja Group expressed strong interest in contributing to the state's vision of becoming a USD 1 trillion economy.
United News of India
7 days ago
- Automotive
- United News of India
Hinduja Group Eyes strategic investments in EVs, Energy & Banking in UP
Lucknow, July 16(UNI) The 'Hinduja Group' expressed keen interest in investing across key sectors in Uttar Pradesh. A high-level investment review meeting was held today at the Invest UP office, chaired by Chief Secretary Manoj Kumar Singh , with senior representatives from the Hinduja Group in attendance. Discussions focused on exploring strategic partnerships and investment opportunities in electric vehicles, EV charging infrastructure, media, renewable energy, insurance, and financial services. The Hinduja Group delegation was led by Dr. S.K. Chaddha, Senior Advisor, along with Mr. Ravi Chawla, MD & CEO of Gulf Oil, and Mr. Vynsley Fernandes, MD & CEO of HGS Ltd. Various Hinduja Group companies—including IndusInd Bank, IndusInd Insurance, Gulf Oil, Hinduja Renewables, NXTDIGITAL, and Ashok Leyland—made detailed presentations to the Chief Secretary and senior government officials. Ashok Leyland highlighted the rapid completion of its EV bus manufacturing facility in Lucknow, completed in just 18 months. Commercial production is expected to begin within the next two months. The company also requested additional land to support expansion plans for future growth. Gulf Oil, one of the world's largest independent downstream lubricant companies operating in over 100 countries, showcased its business profile and future-ready EV lubricant offerings. The company also presented its capabilities in EV charging infrastructure, offering end-to-end solutions including AC/DC chargers and proprietary software for vehicles ranging from two-wheelers to electric buses. Gulf Oil proposed support in establishing a robust EV charging network across Uttar Pradesh. Hinduja Renewables, an independent power producer within the group, highlighted its operational clean energy portfolio of over 1,000 MWp and a pipeline of 2,450+ MWp under construction. The company outlined its vision to develop 3–4 GW of renewable capacity in Uttar Pradesh, including major projects of 600 MW in Jhansi and a 1,000 MW Sukhnai Pumped Storage Project in Mirzapur. IndusInd Bank showcased its growing footprint in the state, now operating in 57 districts with 186 branches and 230 ATMs, reflecting a commitment to financial inclusion and accessible banking services across the state. NXTDIGITAL, another key Hinduja Group entity, presented its potential to bridge the digital divide in Uttar Pradesh. With an advanced broadcast hub in Noida supporting 700+ TV channels and value-added services, the company also delivers high-speed FTTH internet to over 1 million users across 350+ cities, powered by India's 4th largest private ISP. The meeting marks a significant step toward deepening private sector participation in Uttar Pradesh's industrial growth, with the Hinduja Group expressing strong interest in contributing to the state's vision of becoming a $1 trillion economy. UNI MBD ARN
Indian Express
30-06-2025
- Automotive
- Indian Express
16x PE, 20% EPS growth, Rs 1,000 crore in cash: Why is Gulf Oil still under the radar?
Gulf Oil Lubricants Ltd (GOLIL) delivered a record profit of Rs 362 crore in FY25, an 18% growth compared to FY24. Yet, the stock has barely moved 5% over the last year. Behind the muted stock is the company that is quietly shifting gears. Under its 'Unlock 2.0' strategy, the company is expanding beyond old-school engine oils into AdBlue — an emission control oil for BS6 Diesel engines — EV chargers, and a premium synthetic relaunch fronted by brand ambassador MS Dhoni. Yet despite this transformation and consistent operating margins, the stock trades at a modest 16x earnings, well below Castrol India's 22x multiple. So, the question is: for long-term investors, could this be a high-quality compounder hiding in plain sight? Or is it yet another value trap? Gulf Oil's financial performance over the last 5 years tells a story of steady growth and resilience. Annual revenue has more than doubled from Rs 1,652 crore in FY21 to about Rs 3,554 crore in FY25. Even the Covid pandemic barely stalled its progress. FY21 sales were flat but not broken, and by FY22, the topline zoomed 33% as economic activity rebounded. By FY25, the company posted a record revenue of Rs 3,554 crore (8% YoY growth) and net profit of Rs 362 crore (18% YoY). This consistent growth reflects both volume increases and pricing gains despite a high-inflation environment. In a market where cash-burning companies often grab investor attention, Gulf Oil lubricants is an exception. It has minimal debt (debt-to-equity ~0.26) and over Rs 1,000 crore cash against a market cap of Rs 6,000 crore. Over the last decade, only Rs 454 crore has been reinvested into the business. With 93% revenue from the domestic market and 85% of total sales exposure to the automotive segment, the auto cycle overwhelmingly drives volume growth. Between FY21 and FY25, Gulf Oil Lubricants doubled its revenue from Rs 1,652 crore to Rs 3,554 crore. The lift was powered by core–lubricant shipments, which rose from roughly 1.34 lakh kilolitres (KL) in FY22 to an estimated 1.52 lakh KL in FY25, a compound clip of about 4 per cent a year, which is 2-3x faster compared to the industry. The company has consistently increased its market share, helped by a distribution network covering over 85,000 outlets, from city service centres to rural bike stops. However, volume alone doesn't explain a 115 per cent revenue surge. Gulf Oil has also premiumised its mix and increased prices. Successive hikes in base-oil costs (tied to crude oil but not proportionately) — visible in FY22's inflation spike — were passed to customers without killing demand because the company was steering customers to higher-spec passenger-car oils and long-drain diesel grades that justify a fatter rupee per litre. The company projects revenue to grow at a 9-12% CAGR over FY23-33, even as decarbonisation trends intensify. AdBlue®, a urea-based fluid that helps diesel vehicles meet BS-VI norms by reducing NOx emissions, is now a significant revenue contributor. With BS-VI emission rules kicking in from April 2020, every new diesel truck, bus, and many SUVs now require AdBlue. This created a fast-growing market — Gulf entered this space and scaled quickly, from zero to 1.4 lakh kilolitres in FY25. With a total volume of 1.4 lakh KL at Rs 45-50/litre, AdBlue contributed an estimated Rs 600-700 crore to total revenue (Rs 3,600 crore) in FY25. However, its mid-single-digit margin is lower than the overall margin profile of the company. Management expects AdBlue volume growth to continue at 10-15% annually from this base. This partially explains why, over FY21 to FY24, the overall margin profile of GOLIL has declined. GOLIL is actively expanding its presence in the e-mobility ecosystem. The current investment in the EV segment stands at Rs 148 crore. However, most of these businesses are in the incubation stages, except Tirex Transmission, which hit EBITDA profitability in Q4FY25. GOLIL's EV-related portfolio includes: The company views these ventures as crucial for future growth, leveraging its brand strength, OEM relationships, and distribution network. GOLIL paid out 65% of its profits in dividends in FY25, offering a 2.95% yield. It has Rs 1,000+ crore cash on a market cap of about Rs 6,000 crore and is consistently gaining market share. It trades at 16.6x price-to-earnings, and has growth EPS of 20% in the last 3 years. However, if we remove 'other income', which is primarily interest income from the large cash balance (Rs 1,000 crore+), EPS growth is 16% compared to 20% pre-adjustment. If we further account for the fact that revenue growth has a high linkage with auto cycles, and that auto sales are showing signs of slowing down over the last few quarters, and that ICE to EV transition might render a bulk of lubricants the company's currently sells as obsolete, a multiple of 16.6x might not be 'cheap', unless the company deploys its large cash pile strategically — whether through buybacks or special dividends. So far, management has offered no clarity on this front. Despite consistent growth over the last 3 years, robust cash balance, and an optically low PE, GOLIL is reasonably priced. Yet, without 'triggers' such as sustained 16-18% EPS growth, and/or substantial dividends or buyback, the stock might remain stuck in neutral. Note: We have relied on data from and throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information. Rahul Rao has helped conduct financial literacy programmes for over 1,50,000 investors. He also worked at an AIF, focusing on small and mid-cap opportunities. Disclosure: The writer or his dependents do not hold shares in the securities/stocks/bonds discussed in the article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
