What we do GP Petroleums Limited manufactures and markets industrial and automotive lubricants, including oils and greases, serving multiple industries under the IPOL brand. |
Founded in 1,983 |
Market share A leading industrial lubricant manufacturer in India with a significant presence domestically and exports to several countries. |
Problem solved Provides high quality lubricants that enhance machinery life and performance, meeting OEM and environmental standards. |
Top clients or who we serve Serves automotive OEMs, industrial OEMs, metal, sugar, plastics, rubber, textiles, cement, mines sectors. B2B and B2C segments. |
Key management - |
Our journey and innovations Founded in 1983; OEM approvals since 1997; international exports from 2003-04; partnered with Repsol (2016) and expanded global presence via MAG LUBE (2018). |
Where we operate India with offices across major cities, exports to Sri Lanka, UAE, Kenya, Chile, Argentina, Malaysia, Indonesia. |
Top products or what we offer Automotive lubricants, industrial oils, greases, rubber process oils, transformer oils; key brands IPOL and REPSOL range. |
Top brands IPOL (wide industry acceptance), REPSOL (premium automotive lubricants with MotoGP association). |
Raw materials needed Base oils, additives for lubricant formulations. |
Raw materials supplier Globally sourced base oils; specific supplier names not disclosed. |
Recurring vs cyclical contribution Majority of revenue is recurring from manufacturing lubricants; trading segment is more cyclical. |
Our industry position Among the largest private sector lubricant manufacturers in India with a broad product base and growing exports. |
Financial highlights FY 2023-24 Revenue: ₹657 crores; Profit before tax: ₹37.16 crores; Net profit: ₹27.71 crores, showing steady growth. |
Geographical revenue split Revenues primarily from India with exports contributing to other Asian, African, and South American markets. |
Order book Not specifically disclosed. |
Whats driving growth Growth driven by volume increase in manufacturing, strategic OEM partnerships, and product innovation meeting BS VI norms. |
Our future plans Expanding product portfolio, strengthening co-branded OEM lubricants, and scaling exports; joint ventures and certification upgrades. |
Our green promise ISO 14001 certification and commitment to energy-efficient, environment-friendly products. |
Our people and values Entrepreneurial culture focused on collaboration, employee development, and inclusion. |
Key challenges ahead Raw material supply volatility due to geopolitical issues and transportation cost fluctuations; trading segment losses. |
Interesting facts Robust in-house storage facility, longstanding partnership with Repsol Spain, exclusive OEM lubricant licenses. |
Risks and strategy Mitigation of raw material price and supply risks through strategic sourcing; focus on core manufacturing over trading to sustain profitability. |
