Gulf Oil Lubricants Q4 Review - Wide Gap Between Perceived, Intrinsic Value: Yes Securities
Gulf Oil Lubricants Q4 Review - Wide Gap Between Perceived, Intrinsic Value: Yes Securities
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Gulf Oil Lubricants India Ltd.'s Q4 FY22 reported Ebitda at Rs 891 million (up 14% YoY; up 16% QoQ) stood ahead of our and street estimates.
The strong profitability and a beat on our estimates was primarily driven by higher than estimated realisation and lower than estimated raw material costs, even as sales volume stood in-line.
While the FY22 operating cashflow did stand YoY weaker at Rs (237) million, but that was primarily on account of
increase in sales and prices during Q4 leading to an increase in receivables as of March 2022 end and
volatile operating environment prompting Gulf Oil Lubricants to store higher than normal raw material, both the factors are expected to normalize going ahead.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.