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Gulf Oil Lubricants' Outlook Remains Positive Says Systematix Maintaining 'Buy'
The stock is trading very attractive at a PER of 13.5x/11.9x on FY26E/FY27E with RoE/ROCE of 25%+ and dividend yield of nearly 4%, adds Systematix
21 Feb 2025, 04:21 PM IST 
Gulf Oil Lubricants India Ltd. is well-positioned to strengthen its market presence and drive sustained profitability
(Photo Source: Gulf Oil Lubricants India Ltd.)
Despite the global push for decarbonization, Gulf Oil expects EV penetration to reach at max 18-20% by FY28E which would keep supporting lubricants demand. Further, the large population, lower per capita consumption (8ltr in China versus 2.5ltr in India), infrastructure development, and government support are expected to keep the demand strong.
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