Arabian PetroleumShare price, financial results, shareholding and management

NSE Emerge · ARABIANLubricantsListed 9 Oct 2023
arabianpetroleum.co.in ↗Live price on NSE ↗ISIN INE08NJ01024 · Lot 2,000 shares · ₹2.18 lakh
₹108.95
+0.90% on the day
Close · 6 Nov 2026
Valuation
Market cap
₹119 cr
Stock P/E
10.6peers 9.6
Book value
₹63.6
Price to book
1.71
EV / operating profit
9.3
Market cap to sales
0.29
Returns and growth
ROCE · FY26
18.4%
ROE · FY26
17.6%
ROE, 3-year average
18.1%
Operating margin · FY26
4.3%peers 7.9%
Sales growth, 3 years
19.4%
Profit growth, 3 years
30.9%
Safety
Debt to equity
0.69peers 0.09
Borrowings
₹47.7 cr
Interest cover
5.3×
Cash from business / op. profit
-87%
Debtor days
65
Pledged
0.00%
Ownership and share
Promoter holding
73.45%
Change in promoter holding
0.00 pts
Shareholders
641
52-week high / low
₹114 / ₹63
Dividend yield
0.00%
Face value
₹10

Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.

Arabian Petroleum share price chart

₹108.95+54.87% 1 year

Close on 6 Nov 2026 · +0.88% on the day · Vol 12,000

Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.

Share price returns

To the close of 6 Nov 2026

1 month
+6.3%
3 months
+21.5%
6 months
+47.8%
1 year
+54.9%
Traded a day, 20 days
₹0.24 cr
Taken for delivery
87%

Business growth

Sales and net profit, from the reported results

SalesProfit
FY26 on FY25+45%+24%
3 years, a year+19%+31%
Latest half, H2 FY26+58%+18%

About Arabian Petroleum: business, products and customers

Arabian Petroleum makes lubricating oils, greases and specialty fluids for vehicles, factories, the armed forces and public sector companies, mostly under its Arzol brand. Its shares trade on NSE Emerge.

Arabian Petroleum blends base oil bought from refineries and importers with additives at three adjacent units in Ambernath near Mumbai, and fills the result into packs from small retail bottles to bulk tankers. Automotive oils go out under the Arzol name through distributors and company depots, industrial oils go straight to factories, and the company also packs lubricants under other companies' brands, supplies government tenders, exports to more than thirty countries and makes process oils.

Base oil is most of the cost and its price moves with crude oil and the rupee, so the company resets distributor prices every month and uses quarterly price formulas with large customers. That keeps margins thin but fairly steady: revenue rises and falls with oil prices as well as volumes. Tender and institutional orders add volume at lower margins and need more stock and longer credit, which the Managing Director named as the reason the latest year's margin fell while cash went into inventory and receivables.

Read more about the business

The Arzol trademarks are registered in the names of promoters and used by the company under agreements; in January 2026 management said they would likely move to the company in the coming financial year. Two subsidiaries started in FY26: Arzol Petroleum Trading FZE in Dubai trades finished oils and sources raw material, and the majority-owned Lavisa Technologies took over the metalworking fluid business of Emulsichem Lubricants and its OEM customers. In December 2025 the company began making fatty acid amides, an input it used to import.

Asked about rivals in January 2026, management placed itself below Castrol, Mobil, Shell and the public sector oil companies, and named Savita Oil Technologies, Gandhar Oil Refinery, GP Petroleums, Apar Industries and Balmer Lawrie as the listed companies it meets on price in automotive and conventional industrial oils.

From the offer document (Prospectus, 2023), the Annual Report 2025-26, the FY26 investor presentation of September 2026, the transcripts of November 2025 and January 2026 and the CARE Ratings note of June 2025.

Read the deeper study ↓

In its favour

  • The promoters own a large part of the company: 73.45%.

To watch

  • Whether the Arzol trademarks move from the promoters to the company, as management said in January 2026 they would in the coming financial year (Transcript, January 2026, p.13).
  • Turning the ONGC, BHEL and MOIL orders into cash and bringing down stock and receivables (Annual Report 2025-26, p.10).
  • The Dubai subsidiary's first profitable year, which the company expects in FY27 (Investor presentation, September 2026, p.14).
  • Lavisa Technologies moving past its start-up loss as customer vendor codes are transferred (Transcript, January 2026, p.14).
  • Its borrowings rose a lot last year: ₹47.7 cr, from ₹28.1 cr.

From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.

Arabian Petroleum revenue and profit growth

Half-yearly results · Profit and loss

Sales have grown steadily. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.

Sales and net profit, every year, ₹ crore
SalesNet profit
0200400600Sales, FY19: 78 ₹ cr78Net profit, FY19: 1 ₹ cr1FY19Sales, FY20: 84 ₹ cr84Net profit, FY20: 3 ₹ cr3FY20Sales, FY21: 110 ₹ cr110Net profit, FY21: 3 ₹ cr3FY21Sales, FY22: 191 ₹ cr191Net profit, FY22: 4 ₹ cr4FY22Sales, FY23: 243 ₹ cr243Net profit, FY23: 5 ₹ cr5FY23Sales, FY24: 262 ₹ cr262Net profit, FY24: 7 ₹ cr7FY24Sales, FY25: 285 ₹ cr285Net profit, FY25: 9.1 ₹ cr9.1FY25Sales, FY26: 413 ₹ cr413Net profit, FY26: 11.2 ₹ cr11.2FY26
The latest halves, ₹ crore
SalesNet profit
0100200300Sales, H1FY23: 110 ₹ cr110Net profit, H1FY23: 1 ₹ cr1H1FY23Sales, H2FY23: 133 ₹ cr133Net profit, H2FY23: 4 ₹ cr4H2FY23Sales, H1FY24: 118 ₹ cr118Net profit, H1FY24: 3 ₹ cr3H1FY24Sales, H2FY24: 144 ₹ cr144Net profit, H2FY24: 3 ₹ cr3H2FY24Sales, H1FY25: 139 ₹ cr139Net profit, H1FY25: 5 ₹ cr5H1FY25Sales, H2FY25: 146 ₹ cr146Net profit, H2FY25: 4.5 ₹ cr4.5H2FY25Sales, H1FY26: 182 ₹ cr182Net profit, H1FY26: 6 ₹ cr6H1FY26Sales, H2FY26: 232 ₹ cr232Net profit, H2FY26: 5.3 ₹ cr5.3H2FY26

SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.

Arabian Petroleum half-yearly results

SME companies report every six months · ₹ crore

₹ crore · growth on the same half a year before
H1FY23H2FY23H1FY24H2FY24H1FY25H2FY25H1FY26H2FY26
Sales110133118144139146.19181.61231.67
Expenses106127111137131137.90172.58223.13
Operating profit367788.309.028.54
OPM3.0%4.6%6.0%4.9%6.0%5.7%5.0%3.7%
Interest112121.381.502
Depreciation111110.710.680.78
Profit before tax255565.917.937.20
Net profit143354.455.955.27

Arabian Petroleum profit and loss

Full years to March, FY19 to FY26 · ₹ crore, consolidated where reported

₹ crore
FY19FY20FY21FY22FY23FY24FY25FY26
Sales7884110191243262285.25413.27
Expenses7578104182233247268.89395.71
Operating profit356891416.3617.56
OPM3.9%6.0%6.0%4.4%3.9%5.0%5.7%4.3%
Other income0001101.032.54
Interest1112332.983.51
Depreciation1111121.501.46
Exceptional and other items11····-0.75·
Profit before tax24466912.1615.14
Tax rate50.0%25.0%25.0%33.3%16.7%22.2%25.3%25.9%
Net profit1334579.0811.22
EPS ₹64140.5014420.705.906.259.0210.30
Dividend payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

The years to FY24 come rounded to the nearest crore in the source.

Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.

Arabian Petroleum profitability

Margins and returns on capital

Last year the company kept about as much from each rupee of sales as the year before. It earns a moderate return on the money it uses.

Operating margin, every year

Per cent of sales kept before interest, depreciation and tax

0%2%4%6%8%FY19: 3.9%3.9%FY19FY20: 6.0%6.0%FY20FY21: 6.0%6.0%FY21FY22: 4.4%4.4%FY22FY23: 3.9%3.9%FY23FY24: 5.0%5.0%FY24FY25: 5.7%5.7%FY25FY26: 4.3%4.3%FY26
Per cent
FY19FY20FY21FY22FY23FY24FY25FY26
Operating margin3.9%6.0%6.0%4.4%3.9%5.0%5.7%4.3%
Tax rate50.0%25.0%25.0%33.3%16.7%22.2%25.3%25.9%
ROCE·21.3%16.1%19.8%17.0%16.7%17.8%18.4%
ROE·35.3%26.1%26.7%25.6%19.7%16.9%17.6%
Dividend payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Arabian Petroleum debt and cash flow

Balance sheet · Cash flow · Working capital

The company's own money, its net worth, has grown. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.

Its own money and its borrowings, ₹ crore
Net worthBorrowings
020406080Net worth, FY19: 7 ₹ cr7Borrowings, FY19: 13 ₹ cr13FY19Net worth, FY20: 10 ₹ cr10Borrowings, FY20: 17 ₹ cr17FY20Net worth, FY21: 13 ₹ cr13Borrowings, FY21: 22 ₹ cr22FY21Net worth, FY22: 17 ₹ cr17Borrowings, FY22: 29 ₹ cr29FY22Net worth, FY23: 22 ₹ cr22Borrowings, FY23: 38 ₹ cr38FY23Net worth, FY24: 49 ₹ cr49Borrowings, FY24: 35 ₹ cr35FY24Net worth, FY25: 58.2 ₹ cr58.2Borrowings, FY25: 28.1 ₹ cr28.1FY25Net worth, FY26: 69.3 ₹ cr69.3Borrowings, FY26: 47.7 ₹ cr47.7FY26
Cash from the business against net profit, ₹ crore
Cash from the businessNet profit
-20-1001020Cash from the business, FY19: 0 ₹ cr0Net profit, FY19: 1 ₹ cr1FY19Cash from the business, FY20: 3 ₹ cr3Net profit, FY20: 3 ₹ cr3FY20Cash from the business, FY21: -4 ₹ cr-4Net profit, FY21: 3 ₹ cr3FY21Cash from the business, FY22: -3 ₹ cr-3Net profit, FY22: 4 ₹ cr4FY22Cash from the business, FY23: -2 ₹ cr-2Net profit, FY23: 5 ₹ cr5FY23Cash from the business, FY24: -9 ₹ cr-9Net profit, FY24: 7 ₹ cr7FY24Cash from the business, FY25: 12.5 ₹ cr12.5Net profit, FY25: 9.1 ₹ cr9.1FY25Cash from the business, FY26: -15.3 ₹ cr-15.3Net profit, FY26: 11.2 ₹ cr11.2FY26

Bars below the line are cash going out.

Arabian Petroleum balance sheet

At each 31 March · ₹ crore

₹ crore
FY19FY20FY21FY22FY23FY24FY25FY26
Equity capital222281110.8910.89
Reserves581115143847.2758.42
Net worth7101317224958.1669.31
Borrowings13172229383528.0847.71
Other liabilities12101525171520.3154.99
Total liabilities323750717799106.55172.01
Fixed assets51010981311.8612.84
Capital work in progress00025000
Investments0000000.741.36
Other assets27274060648693.95157.81
Receivables······46.4273.80
Inventory······33.8470.31
Cash······5.203.04
Trade payables······12.6437.86

Arabian Petroleum cash flow

₹ crore

₹ crore
FY19FY20FY21FY22FY23FY24FY25FY26
Cash from operations03-4-3-2-912.46-15.30
Cash from investing-1-5-2-3-4-1-1.38-3.05
Cash from financing1346614-9.9716.19
Net cash flow01-20041.11-2.16
Capital spending······0.832.44

Working capital

Days

Days
FY19FY20FY21FY22FY23FY24FY25FY26
Debtor days8275765551615965
Inventory days3946666446545474
Days payable5451524023182040
Cash conversion cycle67709079749893100
Working capital days1210231516455144

Arabian Petroleum peers and competitors

Listed SME companies in the same industry

By sales, Arabian Petroleum is number 1 of the 5 listed SME companies in petroleum products.

Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.

CompanyMarket cap ₹ crP/ESales ₹ crProfit ₹ crOp. marginDebt/equity
Arabian Petroleum11910.641311.24.3%0.69
Sundrex Oil Company386.91115.57.5%0.38
Resgen969.6711020.0%0.01
Greenhitech Ventures5168.037.60.87.9%0.10
Omnipotent Industries2-0-0.4-0.07
Median of the 4 others459.654.33.17.9%0.09

Arabian Petroleum shareholding pattern

Promoters, FIIs, DIIs, HNIs and small holders

The promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has come down.

Promoters
73.45%
0.00 pts since Mar 24
Foreign investors (FIIs)
0.06%
at Jun 25; not in the latest pattern
Indian institutions (DIIs)
0.51%
+0.51 pts since Mar 24
HNIs (over ₹2 lakh each)
6.87%
+2.19 pts since Mar 24
Small holders (up to ₹2 lakh)
15.68%
-3.64 pts since Mar 24
Companies and others
3.49%
+1.00 pts since Mar 24
Number of shareholders
641
820 in Mar 24

Arabian Petroleum shareholding pattern

Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.

Mar 24Sep 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Promoters73.45%73.45%73.45%73.45%73.45%73.45%73.45%73.45%
Foreign investors (FIIs)0.06%0.06%0.06%0.06%----
Indian institutions (DIIs)0.00%0.00%0.00%--0.51%0.51%0.51%
HNIs (over ₹2 lakh each)4.68%3.89%5.66%6.74%7.22%6.02%6.87%6.87%
Small holders (up to ₹2 lakh)19.32%19.74%17.96%17.54%17.06%16.40%15.68%15.68%
Companies and others2.49%2.86%2.87%2.21%2.27%3.62%3.49%3.49%
Number of shareholders820804729716696665641641

The named holders are at 30 June 2026, beside 31 March 2026, each under the group the pattern files them in.

Arabian Petroleum study: the business from its own documents

Read from 10 of the company's own documents

Arabian Petroleum so far

From the company's own record

  1. 9 Oct 2023Listed on NSE Emerge
  2. 30 June 2026Promoters at 73.45%
  3. 6 Nov 2026Highest close since listing, ₹108.95

Arabian Petroleum key facts from the filings

Each figure with the document it comes from

FY26 revenue
₹413.3 cr
Consolidated, up 44.9% on FY25; the parent company alone grew 31.6% to ₹375.4 cr, the rest came from the Dubai trading arm.Investor presentation, September 2026, p.20, p.21 and p.25
EBITDA margin
4.9%
FY26 consolidated, down from 6.1% in FY25 and 4.3% in the second half; the company points to thinner institutional orders and subsidiary start-up costs.Investor presentation, September 2026, p.22 and p.23; Annual Report 2025-26, p.9
Large public sector orders
₹59.6 cr
ONGC rate contracts of about ₹20.55 cr and ₹14.55 cr, a BHEL purchase order of about ₹19.02 cr and a MOIL order of about ₹5.5 cr, won during FY26.Annual Report 2025-26, p.10; our arithmetic
Plant capacity
48,000 KL a year
Running at about 70% in January 2026; the limit is filling small packs, not blending.Investor presentation, September 2026, p.5; Transcript, January 2026, p.9
Stock and receivables
₹144.1 cr
Inventories of ₹70.3 cr and trade receivables of ₹73.8 cr at March 2026, against ₹80.3 cr together a year earlier.Investor presentation, September 2026, p.24; our arithmetic
Show 5 more facts
Short-term borrowings
₹47.7 cr
At March 2026, up from ₹27.3 cr a year earlier, as the company funded the larger working capital.Investor presentation, September 2026, p.24
Brand ownership
Held by promoters
The Arzol trademarks are registered to Hemant Dalsukhrai Mehta and Manan Hemant Mehta and used by the company under agreements.Offer document, p.107; Transcript, January 2026, p.13
Dubai subsidiary
₹37.7 cr
FY26 revenue of Arzol Petroleum Trading FZE, 9.1% of the group, at about break-even.Investor presentation, September 2026, p.25
Defence technology
DRDO transfer
Licensed to make universal recoil fluids and low temperature coolants for the armed forces; approvals run five years, extendable to ten.Investor presentation, September 2026, p.27; Transcript, January 2026, p.9
Credit rating
CARE BB-
Kept in the issuer not cooperating category in June 2025 because the company did not send information; India Ratings did the same in May 2025.CARE Ratings note, 13 June 2025, p.1

What the company said, and what happened

The company's own statements, attributed, set against what it later reported; not newboard's estimates

In January 2026 management said the company aims to grow sales by about 20% to 25% a year and lift margins through specialty, food-grade and defence products, backward integration and larger batches after removing the small-pack filling bottleneck. The company says the Dubai subsidiary should turn profitable from FY27, and management said Lavisa could reach about double the size Emulsichem had at its peak, which it put at about ₹30 cr of revenue. Management also said the Arzol trademarks would likely move to the company in the coming financial year.

20% to 25%Yearly sales growth aimJanuary 2026 call, no year given
FY27Dubai arm to turn profitableSeptember 2026 presentation
What management saidWhenWhat happened
Dubai subsidiary to break even in FY26November 2025 and January 2026 callsBreak-even reported, profit of ₹0.03 cr
Dubai subsidiary to reach about 7% to 8% of turnover by year endNovember 2025 call9.1% of FY26 group revenue
Lavisa to break even in the last quarter of FY26January 2026 callFY26 loss of ₹0.07 cr on revenue of ₹0.81 cr

Is it a good business? Six questions

Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.

Arabian Petroleum earns a thin margin on a large volume of oil it blends and packs, and it is winning bigger public sector orders.

Its weak spots are a brand held in the promoters' own names, working capital that is growing faster than profit, and a credit rating left without information from the company.

AverageCan it set its own prices?Base oil costs are mostly passed on through monthly and quarterly price changes, but the company competes on price below the big brands and keeps a low-priced range.
The evidence. Management described monthly distributor price changes and quarterly indexation with large customers, said it sometimes absorbs increases, and put industrial gross margins at about 20% to 25% against about 50% for specialties.Transcript, January 2026, p.8, p.9 and p.12
AverageHow strong is it against rivals?It is a small player in a large market with global and public sector giants above it, though approvals, a defence technology licence and an accredited laboratory set it apart from smaller blenders.
The evidence. Management said its share of the Indian market is below 0.5% and that it competes with Savita, Gandhar, GP Petroleums and Apar; it holds Volvo, Daimler and API approvals and a DRDO technology transfer held by only one or two others.Transcript, January 2026, p.5, p.7, p.10 and p.12
StrongWho are its customers?Sales are spread across distributors, factories in many industries, private label clients, government bodies and export markets, with no single segment driving growth.
The evidence. The company names six revenue streams, more than 300 distributors and customers such as JSW, Ashok Leyland, Godrej, BHEL, ONGC and the armed forces; management said all segments grew in H1 FY26.Investor presentation, September 2026, p.5 and p.10; Transcript, November 2025, p.6
WatchDoes it need a lot of money?The plants need little spending, but stock and customer credit take a lot of cash, and both rose sharply in the latest year along with bank borrowing.
The evidence. Inventories rose from ₹33.8 cr to ₹70.3 cr and receivables from ₹46.4 cr to ₹73.8 cr in FY26, while short-term borrowings rose from ₹27.3 cr to ₹47.7 cr.Investor presentation, September 2026, p.24
StrongCan it keep finding new work?Repeat rate contracts with large public sector companies, new export markets and new product lines keep bringing in business.
The evidence. In FY26 the company won ONGC, BHEL and MOIL contracts, a repeat Border Roads order, added four countries and entered food-grade and transformer oils.Annual Report 2025-26, p.9 and p.10; Transcript, January 2026, p.4
AverageDo good and bad years swing a lot?Lubricants are needed in good and bad times and sales have grown every year, but oil prices, the rupee and tender timing move margins from half to half.
The evidence. EBITDA margin moved from 5.98% in H2 FY25 to 5.57% in H1 FY26 and 4.31% in H2 FY26; about 30% of raw material is imported.Investor presentation, September 2026, p.22; Transcript, January 2026, p.11

Who runs Arabian Petroleum?

Promoters, directors and officers; tap a name for the background

HDHemant Dalsukhrai MehtaPromoter, Chairman and Managing Director · holds 16.77%

Holds a Bachelor of Commerce from the University of Bombay and had 41 years in trading, including lubricant trading and manufacturing, when the offer document was filed. Looks after manufacturing, planning, production and purchase. Chairman and Managing Director since April 2022.

Offer document, p.122 and p.124; Annual Report 2025-26, p.71
MHManan Hemant MehtaPromoter and Whole-Time Director · holds 18.98%

Holds a B.Tech in chemical engineering and an MBA in technology management from NMIMS; the 2026 presentation credits fourteen years of experience. Drives sales and marketing and oversees quality control and operations. Son of Hemant Dalsukhrai Mehta and Darshana Hemant Mehta, as the offer document states.

Offer document, p.122 to 125; Investor presentation, September 2026, p.31
DMDharman Manoj MehtaWhole-Time Director and Chief Financial Officer, in the promoter group · holds 4.96%

A Chartered Accountant who worked for two years as an associate at PricewaterhouseCoopers, Mumbai, and joined the company in 2017. Leads export sales and finance. Nephew of Hemant Dalsukhrai Mehta, as the offer document states.

Offer document, p.123 to 125; Investor presentation, September 2026, p.31
DHDarshana Hemant MehtaNon-Executive Director, in the promoter group · holds 27.65%

Holds a master's degree and had sixteen years in the company's administration and marketing when the offer document was filed; the 2026 presentation says the Director leads the tender segment. A director since March 2009.

Offer document, p.122 and p.124; Investor presentation, September 2026, p.31
KSKishan SataChief Operating Officer and Vice President

In the role since September 2024, with more than 24 years in sales, retail operations and human resources, including as HR Director at Flipkart Grocery and Wholesale.

Annual Report 2025-26, p.4; Investor presentation, September 2026, p.31
MMMilan Mohanlal PalejaIndependent Director

A cost accountant (ICWAI) and commerce graduate who spent 35 years in finance roles in the Novartis group, including as Managing Director of Novartis India from May 2018 to May 2019, then founded Wellesta Holdings in Singapore.

Offer document, p.123 to 124
DBDinesh Babulal PanchalIndependent Director

An engineer with a master's in management from IIT Bombay and a PhD from NMIMS; worked at Larsen and Toubro and Abeinsa Engineering, taught at NMIMS and heads Navrachana University.

Offer document, p.124

Arabian Petroleum latest news and announcements

Announcements · Documents · Corporate actions

What changed recently

Each half-year is set against the same half a year earlier

  • H2 FY26: sales ₹232 cr (+58%), net profit ₹5.3 cr (+18%) on H2 FY25.
  • Shareholding, 30 June 2026: promoters unchanged at 73.45%.

Arabian Petroleum announcements

67 on record, latest first; each opens the filing on the exchange

Arabian Petroleum annual reports, earnings calls and documents

Every document links to its source; “read” marks those this page is built from

Arabian Petroleum share split, bonus and dividends

From the corporate actions the company announces on the exchange

No share split, bonus issue or dividend is on record since listing.

Checks we ran on Arabian Petroleum's data · 9

Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.

  • ✓Balance sheet totals add up for FY25 and FY26.
  • ✓Market cap uses the share count in the latest shareholding pattern (1,08,92,000 shares).
  • ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
  • ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
  • ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
  • ✓The two half-years of FY26 add up to the full-year sales.
  • !Earnings per share changes basis between FY21 (₹144.00) and FY22 (₹20.70) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
  • ✓Revenue and profit are reported for every year shown, FY19 to FY26.
  • iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.

Questions people ask about Arabian Petroleum

What does Arabian Petroleum do?

Arabian Petroleum makes lubricating oils, greases and specialty fluids for vehicles, factories, the armed forces and public sector companies, mostly under its Arzol brand. Its shares trade on NSE Emerge.

What is the share price of Arabian Petroleum?

₹109 at the close on 6 Nov 2026, from the exchange's daily figures.

What is the market cap of Arabian Petroleum?

₹119 cr at the close on 6 Nov 2026, on 1,08,92,000 shares.

What is the P/E of Arabian Petroleum?

10.6 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).

What are Arabian Petroleum's revenue and profit?

Revenue ₹413 cr and profit after tax ₹11 cr in FY26.

Who are the promoters of Arabian Petroleum?

Hemant Dalsukhrai Mehta, Manan Hemant Mehta, Dharman Manoj Mehta, Darshana Hemant Mehta; promoters held 73.45% at 30 June 2026.

What is Arabian Petroleum's website?

www.arabianpetroleum.co.in

More SME companies like Arabian Petroleum

Other listed SME companies in petroleum products, the closest in size first, each read from its own documents.

Every listed SME company in Petroleum Products → · SME companies listed in 2023 →

Built from 3 investor presentations, 2 earnings call transcripts, 2 annual reports, 1 offer document, 1 result filing, 1 credit rating note, 67 exchange announcements, 8 shareholding patterns and 8 years of reported results. Every figure carries its source; where the documents are silent, the page says so.