Bharat Petroleum Corporation Limited (BPCL) is one of India’s top oil giants, handling everything from refining crude oil to marketing fuels, LPG, and petrochemicals. Set up in 1952 as Bharat Refineries and renamed BPCL in 1977, it’s a Maharatna PSU under the Ministry of Petroleum and Natural Gas. Headquartered in Mumbai, BPCL runs three major refineries, a huge network of over 15,000 petrol pumps, and exports to 20+ countries. It’s a powerhouse in aviation fuel and lubricants too. With CMD G. Krishnakumar at the helm, BPCL is focusing on green energy, expanding refining capacity to 50 MMTPA by 2025, and aiming for net-zero emissions by 2040—balancing growth with sustainability in a volatile oil world.
In this Article, we’ll dive into BPCL share price target from 2025 to 2035. These are shaped by the company’s robust financials, global oil dynamics, and analyst views—like targets around ₹350-₹450 for 2025. As of October 27, 2025, the stock is at ₹343.00 on the NSE.
BPCL has been a solid performer. Over the past year, it’s climbed from a 52-week low of ₹234.01 to a high of ₹358.65, reflecting resilience amid oil price swings. With steady dividends and government backing, it’s a favorite for long-term energy bets.
BPCL Overview
Listed on NSE and BSE, BPCL operates across refining, marketing, and exploration, serving 40% of India’s fuel needs. It’s investing ₹1.7 lakh crore in expansions like the Bina refinery upgrade. Under G. Krishnakumar, the push is on renewables like ethanol blending and green hydrogen to future-proof the business.
BPCL Share Price Target 2025
| Month | BPCL Target Price (₹) |
|---|---|
| October 2025 | 345.00 |
| November 2025 | 352.00 |
| December 2025 | 360.00 |
End of 2025 could reach ₹360, offering a 5% return as refining margins stabilize. This modest gain aligns with analyst targets of ₹350-₹450, driven by steady demand.
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BPCL Share Price Target 2026
| Month | BPCL Target Price (₹) |
|---|---|
| January 2026 | 368.00 |
| February 2026 | 375.00 |
| March 2026 | 382.00 |
| April 2026 | 390.00 |
| May 2026 | 398.00 |
| June 2026 | 405.00 |
| July 2026 | 413.00 |
| August 2026 | 420.00 |
| September 2026 | 428.00 |
| October 2026 | 435.00 |
| November 2026 | 443.00 |
| December 2026 | 450.00 |
2026 might close at ₹450, delivering a 25% return with capacity expansions kicking in. Analysts eye this as a strong year, with revenue growth from higher crude processing.
BPCL Share Price Target 2027
| Month | BPCL Target Price (₹) |
|---|---|
| January 2027 | 458.00 |
| February 2027 | 465.00 |
| March 2027 | 472.00 |
| April 2027 | 480.00 |
| May 2027 | 488.00 |
| June 2027 | 495.00 |
| July 2027 | 503.00 |
| August 2027 | 510.00 |
| September 2027 | 518.00 |
| October 2027 | 525.00 |
| November 2027 | 533.00 |
| December 2027 | 540.00 |
By 2027, ₹540 is feasible, offering a 20% return amid green initiatives. This builds on ethanol blending targets, boosting non-fuel revenues.
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BPCL Share Price Target 2028
| Month | BPCL Target Price (₹) |
|---|---|
| January 2028 | 548.00 |
| February 2028 | 555.00 |
| March 2028 | 562.00 |
| April 2028 | 570.00 |
| May 2028 | 578.00 |
| June 2028 | 585.00 |
| July 2028 | 593.00 |
| August 2028 | 600.00 |
| September 2028 | 608.00 |
| October 2028 | 615.00 |
| November 2028 | 623.00 |
| December 2028 | 630.00 |
2028 could peak at ₹630, providing a 17% return with export growth. Rising global demand for Indian refined products supports this uptick.
BPCL Share Price Target 2029
| Month | BPCL Target Price (₹) |
|---|---|
| January 2029 | 638.00 |
| February 2029 | 645.00 |
| March 2029 | 652.00 |
| April 2029 | 660.00 |
| May 2029 | 668.00 |
| June 2029 | 675.00 |
| July 2029 | 683.00 |
| August 2029 | 690.00 |
| September 2029 | 698.00 |
| October 2029 | 705.00 |
| November 2029 | 713.00 |
| December 2029 | 720.00 |
2029 might hit ₹720, yielding a 14% return as renewables ramp up. Diversification into biofuels could add stability here.
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BPCL Share Price Target 2030
| Month | BPCL Target Price (₹) |
|---|---|
| January 2030 | 728.00 |
| February 2030 | 735.00 |
| March 2030 | 742.00 |
| April 2030 | 750.00 |
| May 2030 | 758.00 |
| June 2030 | 765.00 |
| July 2030 | 773.00 |
| August 2030 | 780.00 |
| September 2030 | 788.00 |
| October 2030 | 795.00 |
| November 2030 | 803.00 |
| December 2030 | 810.00 |
2030 could end at ₹810, offering a 13% return with net-zero progress. Long-term, BPCL’s Maharatna status ensures steady dividends.
BPCL Share Price Target 2031
| Month | BPCL Target Price (₹) |
|---|---|
| January 2031 | 818.00 |
| February 2031 | 825.00 |
| March 2031 | 832.00 |
| April 2031 | 840.00 |
| May 2031 | 848.00 |
| June 2031 | 855.00 |
| July 2031 | 863.00 |
| August 2031 | 870.00 |
| September 2031 | 878.00 |
| October 2031 | 885.00 |
| November 2031 | 893.00 |
| December 2031 | 900.00 |
2031 targets ₹900, a 11% return as energy transition accelerates. Focus on hydrogen projects could drive further gains.
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BPCL Share Price Target 2032
| Month | BPCL Target Price (₹) |
|---|---|
| January 2032 | 908.00 |
| February 2032 | 915.00 |
| March 2032 | 922.00 |
| April 2032 | 930.00 |
| May 2032 | 938.00 |
| June 2032 | 945.00 |
| July 2032 | 953.00 |
| August 2032 | 960.00 |
| September 2032 | 968.00 |
| October 2032 | 975.00 |
| November 2032 | 983.00 |
| December 2032 | 990.00 |
2032 might see ₹990, yielding 10% return with stable oil markets. Continued capex in upstream assets supports this.
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BPCL Share Price Target 2033
| Month | BPCL Target Price (₹) |
|---|---|
| January 2033 | 998.00 |
| February 2033 | 1005.00 |
| March 2033 | 1012.00 |
| April 2033 | 1020.00 |
| May 2033 | 1028.00 |
| June 2033 | 1035.00 |
| July 2033 | 1043.00 |
| August 2033 | 1050.00 |
| September 2033 | 1058.00 |
| October 2033 | 1065.00 |
| November 2033 | 1073.00 |
| December 2033 | 1080.00 |
2033 could reach ₹1080, providing a 9% return amid green shifts. Biofuels and EV charging networks add diversification.
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BPCL Share Price Target 2034
| Month | BPCL Target Price (₹) |
|---|---|
| January 2034 | 1088.00 |
| February 2034 | 1095.00 |
| March 2034 | 1102.00 |
| April 2034 | 1110.00 |
| May 2034 | 1118.00 |
| June 2034 | 1125.00 |
| July 2034 | 1133.00 |
| August 2034 | 1140.00 |
| September 2034 | 1148.00 |
| October 2034 | 1155.00 |
| November 2034 | 1163.00 |
| December 2034 | 1170.00 |
2034 targets ₹1170, a 8% return with mature renewables portfolio. Global energy security trends favor integrated players like BPCL.
BPCL Share Price Target 2035
| Month | BPCL Target Price (₹) |
|---|---|
| January 2035 | 1178.00 |
| February 2035 | 1185.00 |
| March 2035 | 1192.00 |
| April 2035 | 1200.00 |
| May 2035 | 1208.00 |
| June 2035 | 1215.00 |
| July 2035 | 1223.00 |
| August 2035 | 1230.00 |
| September 2035 | 1238.00 |
| October 2035 | 1245.00 |
| November 2035 | 1253.00 |
| December 2035 | 1260.00 |
2035 might end at ₹1260, offering a 8% return as net-zero goals near. BPCL’s pivot to clean energy could sustain dividends.
BPCL Financials 2025
| Particulars | Year (2025) |
|---|---|
| Revenue | ₹442,956 Cr |
| Expenses | ₹425,718 Cr |
| EBITDA | ₹29,030 Cr |
| EBIT | ₹21,773 Cr |
| Profit Before Tax | ₹18,182 Cr |
| Net Profit | ₹13,336 Cr |
FY2025 as of March 2025, with 2% revenue dip but strong profits.
BPCL Fundamentals
| Particulars | Figures |
|---|---|
| Market Cap | ₹1,43,192 Cr |
| P/E Ratio | 8.26 |
| Debt to Equity | 0.75 |
| ROE | 16.39% |
| Book Value | ₹187.83 |
| Face Value | ₹10 |
BPCL Shareholding Pattern
| Particulars | Shareholding (%) |
|---|---|
| Promoters | 52.98 |
| FIIs | 16.53 |
| DIIs | 10.72 |
| Mutual Funds | 10.58 |
| Retail | 9.91 |
As of September 2025.
Factors Shaping BPCL Share Price Targets
- Oil Price Volatility: Crude swings impact refining margins, but BPCL’s integrated model cushions blows.
- Green Energy Shift: Investments in biofuels and hydrogen could open new revenue streams by 2030.
- Govt Policies: PSU status brings stability, with privatization talks adding uncertainty.
- Demand Growth: India’s fuel needs rising 4-5% annually supports long-term upside.
Smart Investment Approaches for BPCL Shares
- Take It Slow with SIPs: Spread buys to weather oil price dips—ideal for energy stocks.
- Keep an Eye on Key Numbers: Track quarterly margins and capex; strong refining GRM sparks rallies.
- Look for Green Moves: Announcements on renewables or acquisitions can be catalysts.
- Diversify Wisely: Limit to 5-10% of your portfolio; pair with non-oil PSUs for balance.
- Match Your Risk Level: Suits dividend seekers okay with sector cycles—not for short-term traders.
Conclusion
BPCL has navigated oil market storms well, posting healthy profits despite volatility. Its green push and strong fundamentals make it a reliable long-haul pick, but watch crude trends closely.
The target prices for BPCL provided here serve as guidance only. We offer no buy or sell recommendations. These estimates may fluctuate with market conditions. Tradeforge suggests consulting financial experts prior to any investment in BPCL.
FAQ’s
What is the promoters’ holding in Bharat Petroleum Corporation Limited?
Promoters’ holding in BPCL is 52.98% as of September 2025.
Who is the CMD of Bharat Petroleum Corporation Limited?
G. Krishnakumar is the Chairman and Managing Director of BPCL.
What is the target price of BPCL in 2026?
BPCL share price target ranges from ₹368.00 to ₹450.00 in 2026.
What is the target price of BPCL in 2035?
BPCL share price target ranges from ₹1178.00 to ₹1260.00 in 2035.
What role does BPCL play in India’s energy sector?
It supplies 40% of India’s fuel needs through its vast refinery network and 15,000+ fuel stations.