Market cap
$3,912 Mln
Revenue (TTM)
$3,493 Mln
P/E Ratio
8.5
P/B Ratio
1.9
Div. Yield
10.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 14.44 | -9.49 | -3.07 | 16.73 | 32.81 |
| EBIT | -41.09 | 113.91 | 67.29 | 14.74 | 6.10 |
| Net Profit | -31.90 | 256.28 | 129.77 | 4.87 | -1.43 |
| EPS | -30.86 | 219.85 | 85.44 | 4.74 | -- |
| Book Value | -- | -- | -6.77 | 2.73 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 13.56 | 15.30 | 16.32 | 10.02 | 12.56 |
| Net Margin
| -- | -- | 12.63 | -- | -- |
| Return on equity
| 22.40 | 19.31 | 20.40 | 13.72 | 20.44 |
| Return on Capital
| 15.00 | 12.59 | -- | 8.60 | 13.34 |
| Return on Assets
| 12.77 | 10.98 | 10.94 | 7.70 | 11.46 |
| Debt to Equity (x)
| -- | -- | 0.32 | 0.54 | 0.65 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
--
|
8.60
|
13.34
|
23.05
|
10.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
20.40
Higher than Peers by 6.27
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
20.40
|
13.72
|
20.44
|
33.03
|
15.63
|
|
Peer Median
|
14.13
|
--
|
--
|
--
|
--
|
ROA
10.94
Higher than Peers by 1.75
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
10.94
|
7.70
|
11.46
|
19.16
|
9.04
|
|
Peer Median
|
9.20
|
--
|
--
|
--
|
--
|
EBIT Margin
16.32
Higher than Peers by 0.24
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
16.32
|
10.02
|
12.56
|
18.10
|
17.45
|
|
Peer Median
|
16.08
|
--
|
--
|
--
|
--
|
Net Margin
12.63
Lower than Peers by 0.45
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
12.63
|
6.76
|
9.94
|
15.95
|
14.59
|
|
Peer Median
|
13.09
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-3.07
Lower than Peers by 8.71
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
-3.07
|
0.10
|
0.10
|
1.00
|
0.26
|
|
Peer Median
|
5.64
|
--
|
--
|
--
|
--
|
EBIT Growth
67.29
Higher than Peers by 56.45
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
67.29
|
-12.61
|
-23.63
|
107.56
|
20.01
|
|
Peer Median
|
10.84
|
--
|
--
|
--
|
--
|
Net Profit Growth
129.77
Higher than Peers by 116.05
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
129.77
|
-25.46
|
-31.39
|
118.66
|
23.92
|
|
Peer Median
|
13.72
|
--
|
--
|
--
|
--
|
EPS Growth
85.44
Higher than Peers by 70.75
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
85.44
|
-0.31
|
-0.36
|
1.23
|
0.27
|
|
Peer Median
|
14.69
|
--
|
--
|
--
|
--
|
Book Value Growth
7.84
Lower than Peers by 1.39
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
7.84
|
--
|
--
|
--
|
--
|
|
Peer Median
|
9.23
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.32
Higher than Peers by 0.17
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
0.32
|
0.54
|
0.65
|
0.39
|
0.48
|
|
Peer Median
|
0.15
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.14
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
0.14
|
0.10
|
0.22
|
0.20
|
0.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.44
Lower than Peers by 0.02
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
1.44
|
1.50
|
1.11
|
1.34
|
1.50
|
|
Peer Median
|
1.45
|
--
|
--
|
--
|
--
|
Quick Ratio
1.18
Higher than Peers by 0.06
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
1.18
|
1.21
|
0.99
|
1.05
|
1.22
|
|
Peer Median
|
1.12
|
--
|
--
|
--
|
--
|
Interest Coverage
12.79
Lower than Peers by 11.16
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
12.79
|
6.52
|
19.73
|
18.06
|
8.42
|
|
Peer Median
|
23.96
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
12.39
No difference
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
12.39
|
6.60
|
6.27
|
9.02
|
11.02
|
|
Peer Median
|
12.39
|
--
|
--
|
--
|
--
|
Asset Turnover
0.87
Higher than Peers by 0.31
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
0.87
|
1.14
|
1.15
|
1.20
|
0.62
|
|
Peer Median
|
0.56
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
--
|
22.51
|
26.43
|
26.54
|
40.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
--
|
11.61
|
17.23
|
25.16
|
30.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
--
|
17.97
|
20.77
|
30.01
|
33.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
--
|
16.15
|
22.90
|
21.68
|
38.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
8.51
Lower than Peers by 7.09
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
8.51
|
7.97
|
4.74
|
4.04
|
4.63
|
|
Peer Median
|
15.59
|
--
|
--
|
--
|
--
|
Price / Book Value
1.92
Lower than Peers by 0.19
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
1.92
|
1.09
|
0.88
|
1.34
|
0.70
|
|
Peer Median
|
2.12
|
--
|
--
|
--
|
--
|
Dividend Yield
10.34
Higher than Peers by 9.70
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
10.34
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.64
|
--
|
--
|
--
|
--
|
EV/EBITDA
5.26
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
5.26
|
4.30
|
4.04
|
2.89
|
3.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
3,912
Higher than Peers by 3,221
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
BW LPG Limited (BWLP)
|
3,912
|
--
|
--
|
--
|
--
|
|
Peer Median
|
691
|
--
|
--
|
--
|
--
|