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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Chennai Petroleum Corporation Ltd

About the Company - Chennai Petroleum Corporation Ltd

Chennai Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 30/12/1965 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L40101TN1965GOI005389 and registration number is 005389. Currently Company is involved in the business activities of Manufacture of paraffin wax. Company’s Total Operating Revenue is Rs. 43375.38 Cr. and Equity Capital is Rs. 148.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Refineries536, Anna Salai, Teynampet, Chennai (Madras) Tamil Nadu 600018investors@cpcl.co.in
https://cpcl.co.in
Management
NamePosition Held
Mr. Shrikant Madhav VaidyaNon Executive Chairman
Mr. Arvind KumarManaging Director
Mr. S KrishnanDirector - Operations
Mr. Rohit Kumar AgrawalaDirector - Finance
Mr. H ShankarDirector - Technical
Mr. Ravi Kumar RungtaIndependent Director
Dr. C K ShivannaIndependent Director
Mr. K SurendaranIndependent Director
Mr. M B DakhiliNominee Director
Ms. Sukla MistryNominee Director
Mr. Deepak SrivastavaNominee Director
Mr. Babak BagherpourNominee Director

Basic Stock Data of Chennai Petroleum Corporation Ltd

Last Updated: May 15, 2024, 7:43 am

Market Cap 12,918 Cr.
Current Price 866
High / Low1,123/309
Stock P/E4.76
Book Value 577
Dividend Yield3.12 %
ROCE34.6 %
ROE36.5 %
Face Value 10.0
PEG Ratio0.02

Chennai Petroleum Corporation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5,8928,7378,1668,8569,93916,41423,16319,50916,05418,00914,74516,54517,376
Expenses5,6818,2157,8758,5509,39314,82619,75619,27915,62016,38213,79514,74016,696
Operating Profit2105222913065461,5883,4072304341,6279501,804680
OPM %4%6%4%3%5%10%15%1%3%9%6%11%4%
Other Income3329281621022252
Interest779510010311396766110884576550
Depreciation113123119122132132133143141157147157151
Profit before tax5333374893011,3673,199361861,3887471,588481
Tax %1,152%30%27%27%24%27%26%21%23%28%27%25%25%
Net Profit-55623254652299942,359281431,0045481,191360
EPS in Rs-37.3715.573.614.4015.3766.78158.401.879.6067.4436.8279.9524.17

Last Updated: May 7, 2024, 7:11 pm

Chennai Petroleum Corporation Ltd Quarterly Chart

Chennai Petroleum Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales40,62742,88349,13141,63725,71627,52232,36941,11336,97322,22243,06876,27165,353
Expenses40,23543,74348,54441,77924,36725,64530,28840,59539,07620,20940,33670,57460,538
Operating Profit393-860587-1421,3491,8772,082518-2,1032,0142,7325,6984,815
OPM %1%-2%1%-0%5%7%6%1%-6%9%6%7%7%
Other Income641540303640395924107161511
Interest250478569405353274322421415376413331315
Depreciation365375390226274279340453523467504573602
Profit before tax-158-1,698-331-7427591,3651,458-298-3,0161,2771,8324,8093,909
Tax %139%-4%8%95%2%25%37%28%31%81%27%27%
Net Profit62-1,767-304-397421,030913-213-2,0782381,3423,5342,886
EPS in Rs4.15-118.65-20.40-2.6249.8269.1561.31-14.33-139.5215.9590.15237.31193.81
Dividend Payout %48%0%0%0%8%30%30%0%0%0%2%11%

Chennai Petroleum Corporation Ltd Profit & Loss Yearly Chart

Chennai Petroleum Corporation Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:10%
3 Years:44%
TTM:-13%
Compounded Profit Growth
10 Years:27%
5 Years:71%
3 Years:125%
TTM:-23%
Stock Price CAGR
10 Years:26%
5 Years:33%
3 Years:94%
1 Year:147%
Return on Equity
10 Years:26%
5 Years:33%
3 Years:54%
Last Year:36%

Last Updated: May 15, 2024, 7:43 am

Chennai Petroleum Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital149149149149149149149149149149149149149
Reserves3,6441,8771,5731,5062,2123,1653,7073,1611,0431,2762,6416,1327,469
Preference Capital000000500547573606500500
Borrowings3,6725,9055,6005,3994,5675,5013,9916,1218,1268,5618,7383,7603,423
Other Liabilities7,5026,1896,6443,9293,4302,6816,3514,5253,3514,0935,7985,8456,940
Total Liabilities14,96714,12113,96610,98310,35811,49614,19813,95512,66914,07817,32715,88517,981
Fixed Assets3,7164,5684,2924,0774,1193,8835,9146,9777,0347,1426,9677,6377,726
CWIP1,0121733447821,6792,7631,4101,1991,5981,5501,210331131
Investments24242525121212121212121212
Other Assets10,2159,3559,3056,0984,5474,8386,8635,7674,0255,3749,1397,90510,112
Total Assets14,96714,12113,96610,98310,35811,49614,19813,95512,66914,07817,32715,88517,981

Chennai Petroleum Corporation Ltd Reserves and Borrowings Chart

Chennai Petroleum Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,567-1,3501,1411,0782,2926092,757-145-6214521,0265,749
Cash from Investing Activity -503-393-279-477-1,142-1,169-969-1,273-963-548-676-403
Cash from Financing Activity -1,0371,746-856-608-1,152561-1,7881,4181,58497-343-5,354
Net Cash Flow2625-6-10-00-017-7

Chennai Petroleum Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3122171611141831321
Inventory Days595552345048604523877132
Days Payable564040293925562315363016
Cash Conversion Cycle34362821223722259544317
Working Capital Days27312391429-3142313615
ROCE %1%-16%3%-5%16%21%21%1%-26%16%20%46%

Chennai Petroleum Corporation Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Chennai Petroleum Corporation Ltd Shareholding Pattern Chart

No. of Chennai Petroleum Corporation Ltd Shareholders

Chennai Petroleum Corporation Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ICICI Prudential Commodities Fund4036101.5520.59
ICICI Prudential PSU Equity Fund2500880.8112.76
ITI Mid Cap Fund935750.894.77
Taurus Flexi Cap Fund671271.23.43
Motilal Oswal Nifty Microcap 250 Index Fund395580.522.02
ICICI Prudential Retirement Fund - Hybrid Conservative62000.590.32

Chennai Petroleum Corporation Ltd ROCE Trend

Chennai Petroleum Corporation Ltd EPS Trend

Chennai Petroleum Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)237.1690.8017.28-138.10-13.79
Diluted EPS (Rs.)237.1690.8017.28-138.10-13.79
Cash EPS (Rs.)275.29123.5946.84-104.8215.72
Book Value[Excl.RevalReserv]/Share (Rs.)434.83200.57108.2091.28232.12
Book Value[Incl.RevalReserv]/Share (Rs.)434.83200.57108.2091.28232.12
Revenue From Operations / Share (Rs.)5153.092912.861507.272492.562776.07
PBDIT / Share (Rs.)383.08184.14141.80-140.0938.23
PBIT / Share (Rs.)344.57150.30110.52-175.197.78
PBT / Share (Rs.)322.39122.6085.33-202.94-20.41
Net Profit / Share (Rs.)236.7889.7515.56-139.91-14.73
NP After MI And SOA / Share (Rs.)237.1690.8017.28-138.10-13.79
PBDIT Margin (%)7.436.329.40-5.621.37
PBIT Margin (%)6.685.157.33-7.020.28
PBT Margin (%)6.254.205.66-8.14-0.73
Net Profit Margin (%)4.593.081.03-5.61-0.53
NP After MI And SOA Margin (%)4.603.111.14-5.54-0.49
Return on Networth / Equity (%)54.5445.2615.96-151.28-5.94
Return on Capital Employeed (%)54.2736.7533.83-58.842.19
Return On Assets (%)22.027.681.80-16.02-1.33
Long Term Debt / Equity (X)0.250.631.501.750.25
Total Debt / Equity (X)0.572.925.005.971.67
Asset Turnover Ratio (%)4.592.741.672.642.80
Current Ratio (X)1.160.770.540.340.67
Quick Ratio (X)0.250.110.050.050.19
Inventory Turnover Ratio (X)9.956.655.789.938.01
Dividend Payout Ratio (NP) (%)0.000.000.000.00-134.15
Dividend Payout Ratio (CP) (%)0.000.000.000.00111.03
Earning Retention Ratio (%)0.000.000.000.00234.15
Cash Earning Retention Ratio (%)0.000.000.000.00-11.03
Interest Coverage Ratio (X)17.286.655.63-5.051.36
Interest Coverage Ratio (Post Tax) (X)11.684.241.62-4.040.47
Enterprise Value (Cr.)7769.3911112.2810154.409584.1110369.23
EV / Net Operating Revenue (X)0.100.250.450.250.25
EV / EBITDA (X)1.364.054.81-4.5918.22
MarketCap / Net Operating Revenue (X)0.040.040.060.020.09
Retention Ratios (%)0.000.000.000.00234.15
Price / BV (X)0.540.630.920.661.18
Price / Net Operating Revenue (X)0.040.040.060.020.09
EarningsYield0.990.710.17-2.28-0.05

Chennai Petroleum Corporation Ltd Profitability Ratios (%)

Chennai Petroleum Corporation Ltd Liquidity Ratios

Chennai Petroleum Corporation Ltd Liquidity Ratios (%)

Chennai Petroleum Corporation Ltd Interest Coverage Ratios (%)

Chennai Petroleum Corporation Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,033.76

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 19.37% compared to the current price ₹866

Intrinsic Value: ₹3,305.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 281.71% compared to the current price ₹866

Last 5 Year EPS CAGR: 219.77%

*Investments are subject to market risks

Strength and Weakness of Chennai Petroleum Corporation Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 19.00, which is a positive sign.
  2. The company has higher reserves (3,031.23 cr) compared to borrowings (248.15 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 8.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 29.00, which may not be favorable.
  3. The company has not shown consistent growth in sales (41.46) and profit (-58.69).

FAQ

What is the latest fair value of Chennai Petroleum Corporation Ltd?

The latest fair value of Chennai Petroleum Corporation Ltd is ₹1033.76.

What is the Market Cap of Chennai Petroleum Corporation Ltd?

The Market Cap of Chennai Petroleum Corporation Ltd is 12,918 Cr..

What is the current Stock Price of Chennai Petroleum Corporation Ltd as on 19 May 2024?

The current stock price of Chennai Petroleum Corporation Ltd as on 19 May 2024 is 866.

What is the High / Low of Chennai Petroleum Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Chennai Petroleum Corporation Ltd stocks is ₹1,123/309.

What is the Stock P/E of Chennai Petroleum Corporation Ltd?

The Stock P/E of Chennai Petroleum Corporation Ltd is 4.76.

What is the Book Value of Chennai Petroleum Corporation Ltd?

The Book Value of Chennai Petroleum Corporation Ltd is 577.

What is the Dividend Yield of Chennai Petroleum Corporation Ltd?

The Dividend Yield of Chennai Petroleum Corporation Ltd is 3.12 %.

What is the ROCE of Chennai Petroleum Corporation Ltd?

The ROCE of Chennai Petroleum Corporation Ltd is 34.6 %.

What is the ROE of Chennai Petroleum Corporation Ltd?

The ROE of Chennai Petroleum Corporation Ltd is 36.5 %.

What is the Face Value of Chennai Petroleum Corporation Ltd?

The Face Value of Chennai Petroleum Corporation Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Chennai Petroleum Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE