---
title: "Arabian Petroleum Ltd (ARABIAN) — Share Price, Financials & Analysis"
symbol: "ARABIAN"
company: "Arabian Petroleum Ltd"
canonical: "https://tapetide.com/stocks/ARABIAN"
isin: "INE08NJ01024"
nse_symbol: "ARABIAN"
sector: "Petroleum Products"
industry: "Lubricants"
market_cap_cr: 88.39
generated_at: "2026-09-13T19:34:17.016Z"
---

# Arabian Petroleum Ltd (ARABIAN)

Canonical page: https://tapetide.com/stocks/ARABIAN

## Company

- **NSE Symbol:** ARABIAN
- **ISIN:** INE08NJ01024
- **Sector:** Petroleum Products
- **Industry:** Lubricants
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Listed Since:** 2023-10-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** arabianpetroleum.co.in

## About

Incorporated in 2006, Arabian Petroleum Ltd provides Lubricants, Oils, Greases & 
other speciality products[1]

## Latest Price

- **Price:** ₹78.1
- **Change:** -3.05 (-3.76%)
- **Open:** ₹81.15
- **Day High:** ₹81.15
- **Day Low:** ₹78.1
- **Previous Close:** ₹81.15
- **Volume:** 6000
- **As Of:** 2026-09-11T06:03:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:31.655819Z.

- **Market Cap:** ₹88.39 Cr
- **Classification:** SME
- **P/E (reported):** 7.9
- **EPS (reported):** ₹6.91
- **Book Value:** ₹63.64
- **Price to Book:** 1.28
- **Dividend Yield:** 0%
- **ROE:** 15.62%
- **ROCE:** 25.31%
- **Debt to Equity:** 0.67
- **Revenue (yearly):** ₹413.27 Cr
- **Net Income:** ₹11.12 Cr
- **EBITDA:** ₹17.56 Cr
- **52-Week High:** ₹94.3
- **52-Week Low:** ₹63.2
- **RSI (14):** 49.48

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 24.27 | 9% |
| growth | 81.72 | 9% |
| momentum | 65.4 | 12% |
| ownership | 50 | 24% |
| quality | 45.64 | 22% |
| valuation | 49.38 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 31.4% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 236.31% | -58.43% | -70.15% |
| ebitda margin growth | -30.48% | -25.57% | — |
| net income growth | 22.2% | 33% | 31% |
| revenue growth | 44.35% | 16% | 28% |
| roce | 4.89% | 4.89% | — |
| roe | 12.62% | 14.75% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 110 | 133 | 118 | 144 | 139 | 146 | 175 | 200 |
| Expenses | 106 | 127 | 111 | 138 | 131 | 138 | 166 | 192 |
| Operating Profit | 3 | 6 | 7 | 6 | 8 | 8 | 9 | 8 |
| OPM % | 3 | 4.6 | 6 | 4.2 | 6 | 6 | 5 | 4.2 |
| Other Income | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 1 |
| Interest | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 5 | 5 | 5 | 6 | 6 | 8 | 7 |
| Tax % | 26 | 26 | 25 | 26 | 26 | 25 | 25 | 27 |
| Net Profit | 1 | 4 | 3 | 3 | 5 | 4 | 6 | 5 |
| EPS in Rs | 1.69 | 4.39 | 4.32 | 3.07 | 4.26 | 4.12 | 5.55 | 4.78 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 78 | 84 | 110 | 191 | 243 | 262 | 285 | 375 |
| Expenses | 75 | 78 | 104 | 182 | 233 | 247 | 269 | 358 |
| Operating Profit | 3 | 5 | 6 | 8 | 9 | 14 | 16 | 18 |
| OPM % | 3.9 | 6 | 6 | 4.4 | 3.9 | 5 | 6 | 4.7 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 3 |
| Interest | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Profit before tax | 2 | 4 | 4 | 6 | 6 | 9 | 12 | 15 |
| Tax % | 28 | 25 | 26 | 29 | 26 | 26 | 25 | 26 |
| Net Profit | 1 | 3 | 3 | 4 | 5 | 7 | 9 | 11 |
| EPS in Rs | 64 | 140.5 | 144 | 20.7 | 5.9 | 6.25 | 8.37 | 10.34 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 2 | 8 | 11 | 11 | 11 |
| Reserves | 5 | 8 | 11 | 15 | 14 | 38 | 47 | 59 |
| Borrowings | 13 | 17 | 22 | 29 | 38 | 35 | 28 | 47 |
| Other Liabilities | 11 | 11 | 15 | 25 | 16 | 15 | 20 | 42 |
| Total Liabilities | 32 | 37 | 50 | 71 | 77 | 99 | 107 | 158 |
| Fixed Assets | 5 | 10 | 10 | 9 | 8 | 13 | 12 | 12 |
| CWIP | 0 | 0 | 0 | 2 | 5 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Other Assets | 26 | 28 | 41 | 61 | 64 | 86 | 94 | 145 |
| Total Assets | 32 | 37 | 50 | 71 | 77 | 99 | 107 | 158 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 3 | -4 | -3 | -2 | -9 | 12 | -15 |
| Cash from Investing Activity | -1 | -5 | -2 | -3 | -4 | -1 | -1 | -3 |
| Cash from Financing Activity | 1 | 3 | 4 | 6 | 6 | 14 | -10 | 16 |
| Net Cash Flow | 0 | 1 | -1 | 0 | 0 | 3 | 1 | -3 |
| Free Cash Flow | -1 | -2 | -5 | -6 | -6 | -10 | 12 | -18 |
| CFO/OP | 18 | 76 | -40 | -19 | -5 | -48 | 95 | -66 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 82 | 75 | 76 | 55 | 51 | 61 | 59 | 60 |
| Inventory Days | 39 | 46 | 66 | 64 | 46 | 54 | 54 | 82 |
| Days Payable | 54 | 51 | 52 | 40 | 23 | 18 | 20 | 40 |
| Cash Conversion Cycle | 67 | 70 | 90 | 79 | 74 | 98 | 93 | 102 |
| Working Capital Days | 12 | 10 | 23 | 15 | 16 | 45 | 53 | 49 |
| ROCE % | — | 20 | 17 | 19 | 17 | 19 | 19 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2022 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 73.45% | 73.45% | 73.45% | 73.45% | 73.45% | 73.45% | 73.45% | 73.45% | 73.45% | 73.45% |
| FIIs | 0% | 0% | 0.06% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.51% | 0.51% | 0.51% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 21.74% | 23.67% | 24% | 23.63% | 23.61% | 24.27% | 24.27% | 22.42% | 22.55% | 22.55% |
| Others | 0% | 4.81% | 2.83% | 2.55% | 2.92% | 2.94% | 2.28% | 2.28% | 3.62% | 3.49% | 3.49% |
| No. of Shareholders | 7 | 1195 | 822 | 820 | 804 | 729 | 716 | 696 | 665 | 641 | 641 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 84.1 | Sell |
| EMA (10) | 83.46 | Sell |
| SMA (20) | 85.53 | Sell |
| EMA (20) | 82.49 | Sell |
| SMA (50) | 75.04 | Buy |
| EMA (50) | 77.95 | Buy |
| SMA (100) | 73.01 | Buy |
| EMA (100) | 75.07 | Buy |
| SMA (200) | 72.74 | Buy |
| EMA (200) | 74.32 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45 | Neutral |
| MACD (12,26,9) | 2.07 | Sell |
| Stochastic (14,3,3) | 38.26 | Neutral |
| ADX (14) | 20.11 | Neutral |
| Williams %R (14) | -79.25 | Neutral |
| ATR (14) | 3.42 | High Volatility |
| ROC (12) | -9.76 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 40.46 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - 17th AGM on 28 Sep 2026 via VC/OAVM; book closure and remote e-voting announced. | [Copy of Newspaper Publication 8 Sep - 17th AGM on 28 Sep 2026 via VC/OAVM; book closure and remote e-voting announced.](https://nsearchives.nseindia.com/corporate/ARABIAN_08092026215106_Newspaper_Intimation.pdf) |
| 7 Aug - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 7 Aug - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=ARABIAN&tabIndex=sme) |
| 6 June 2026 - Earnings call on 11 June 2026 at 4:00 PM for H2 and FY26 audited results. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 June 2026 - Earnings call on 11 June 2026 at 4:00 PM for H2 and FY26 audited results.](https://nsearchives.nseindia.com/corporate/ARABIAN_06062026203219_Intimation_of_Earning_Call.pdf) |
| 6 Feb - Swan Defence and Heavy Industries Limited has informed regarding copies of Newspaper Publications for the Unaudited Financial Results of the Company for the Quarter and … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Swan Defence and Heavy Industries Limited has informed regarding copies of Newspaper Publications for the Unaudited Financial Results of the Company for the Quarter and …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ee6da5b-2cef-47fa-b537-dd045080a100.pdf) |
| 5 Feb - SDHI won Oman defence export order for 104.25m training ship, 3500T, for 70 cadets; delivery within 18 months. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Feb - SDHI won Oman defence export order for 104.25m training ship, 3500T, for 70 cadets; delivery within 18 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/055fc0b3-12f9-4549-8743-96061d719197.pdf) |
| 4 Sep - Arabian Petroleum released its FY26 investor presentation on 2 September 2026, available on its website. | [Investor Presentation 4 Sep - Arabian Petroleum released its FY26 investor presentation on 2 September 2026, available on its website.](https://nsearchives.nseindia.com/corporate/ARABIAN_04092026180936_Intimation_for_Investor_presentation.pdf) |
| 4 Sep - AGM notice and FY2025-26 annual report issued; AGM on 28 September 2026 at 9:30 a.m. | [Shareholders meeting 4 Sep - AGM notice and FY2025-26 annual report issued; AGM on 28 September 2026 at 9:30 a.m.](https://nsearchives.nseindia.com/corporate/ARABIAN_04092026181533_Annual_Report_APL_2025-26.pdf) |
| 4 Feb - Board approved Q3/nine-month results; NaBFID Rs1,150 crore RTL sanctioned; Risk Management Committee formed (4 Feb 2026). | [Announcement Under Regulation 30 (LODR) - Updates 4 Feb - Board approved Q3/nine-month results; NaBFID Rs1,150 crore RTL sanctioned; Risk Management Committee formed (4 Feb 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97bbecd3-117f-4f6b-9dc9-f52cbb92a949.pdf) |
| 4 Feb - Board approved Q3/9M results; NaBFID RTL Rs1,150 crore; Risk Management Committee constituted. | [Board Meeting Outcome for Outcome Of The Board Meeting Dated 4Th February, 2026 4 Feb - Board approved Q3/9M results; NaBFID RTL Rs1,150 crore; Risk Management Committee constituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/719e8eb9-b8bd-4176-a062-89051df81da3.pdf) |
| 4 Feb - Approved Q3/9M results; NaBFID Rs1,150 crore RTL (~10.75 years, 1.25%+7.75%); risk committee constituted. | [Results - Financial Results For Dec 31, 2025 4 Feb - Approved Q3/9M results; NaBFID Rs1,150 crore RTL (~10.75 years, 1.25%+7.75%); risk committee constituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35d78421-6f83-4b96-999f-3d739df10ce7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31409_ARABIAN_2025_2026_A_5855863_04092026181237.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28843_ARABIAN_2024_2025_A_14627426_06092025204644.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26140_ARABIAN_2023_2024_0709202415920.pdf) |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3030_PIPAVAVDOC_2012_2013_04122013082552.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_PIPAVAVDOC_2011_2012_12102012054040.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93aeb0a6-577e-4666-b3d2-b5ece563d4ab.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ed4c9eb-4743-4b3a-a2e6-642395fe4f79.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1455b75-fdd9-45dc-9d8c-b1cfbf32a1f0.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07607285-643e-4434-8ac9-aa3c095b3e25.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33821515-0057-450e-9aa2-bddf7cde9e0b.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/ARABIAN_20062025194154_Intimation_for_Transcript.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/ARABIAN_03122025202706_Intimation_of_Transcript.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:34:17.016Z.