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.

INDUSTRY	ADDRESS	CONTACT
Refineries	536, Anna Salai, Teynampet, Chennai (Madras) Tamil Nadu 600018	investors@cpcl.co.in https://cpcl.co.in

Management
Name	Position Held
Mr. Shrikant Madhav Vaidya	Non Executive Chairman
Mr. Arvind Kumar	Managing Director
Mr. Rohit Kumar Agrawala	Director - Finance
Mr. P Kannan	Director - Operations
Mr. H Shankar	Director - Technical
Mr. Ravi Kumar Rungta	Independent Director
Dr. C K Shivanna	Independent Director
Mr. Deepak Srivastava	Nominee Director
Mr. Babak Bagherpour	Nominee Director
Mr. Inder Jeet	Nominee Director
Mr. M B Dakhili	Nominee Director
Mr. Subhajit Sarkar	Nominee Director

Basic Stock Data of Chennai Petroleum Corporation Ltd

Last Updated: July 26, 2024, 10:54 pm

Market Cap	14,819 Cr.
Current Price	999
High / Low	1,275/347
Stock P/E	5.91
Book Value	577
Dividend Yield	5.50 %
ROCE	35.4 %
ROE	36.5 %
Face Value	10.0
PEG Ratio	0.03

Data Source: screener.in

Chennai Petroleum Corporation Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	5,892	8,737	8,166	8,856	9,939	16,414	23,163	19,509	16,054	18,009	14,745	16,545	17,376
Expenses	5,681	8,215	7,875	8,550	9,393	14,826	19,756	19,279	15,620	16,382	13,795	14,740	16,696
Operating Profit	210	522	291	306	546	1,588	3,407	230	434	1,627	950	1,804	680
OPM %	4%	6%	4%	3%	5%	10%	15%	1%	3%	9%	6%	11%	4%
Other Income	33	29	2	8	1	6	2	10	2	2	2	5	2
Interest	77	95	100	103	113	96	76	61	108	84	57	65	50
Depreciation	113	123	119	122	132	132	133	143	141	157	147	157	151
Profit before tax	53	333	74	89	301	1,367	3,199	36	186	1,388	747	1,588	481
Tax %	1,152%	30%	27%	27%	24%	27%	26%	21%	23%	28%	27%	25%	25%
Net Profit	-556	232	54	65	229	994	2,359	28	143	1,004	548	1,191	360
EPS in Rs	-37.37	15.57	3.61	4.40	15.37	66.78	158.40	1.87	9.60	67.44	36.82	79.95	24.17

Last Updated: July 16, 2024, 11:10 pm

Chennai Petroleum Corporation Ltd Quarterly Chart

Chennai Petroleum Corporation Ltd Profit & Loss

Last Updated: July 10, 2024, 4:04 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	40,627	42,883	49,131	41,637	25,716	27,522	32,369	41,113	36,973	22,222	43,068	76,271	65,353
Expenses	40,235	43,743	48,544	41,779	24,367	25,645	30,288	40,595	39,076	20,209	40,336	70,574	60,538
Operating Profit	393	-860	587	-142	1,349	1,877	2,082	518	-2,103	2,014	2,732	5,698	4,815
OPM %	1%	-2%	1%	-0%	5%	7%	6%	1%	-6%	9%	6%	7%	7%
Other Income	64	15	40	30	36	40	39	59	24	107	16	15	11
Interest	250	478	569	405	353	274	322	421	415	376	413	331	315
Depreciation	365	375	390	226	274	279	340	453	523	467	504	573	602
Profit before tax	-158	-1,698	-331	-742	759	1,365	1,458	-298	-3,016	1,277	1,832	4,809	3,909
Tax %	139%	-4%	8%	95%	2%	25%	37%	28%	31%	81%	27%	27%
Net Profit	62	-1,767	-304	-39	742	1,030	913	-213	-2,078	238	1,342	3,534	2,886
EPS in Rs	4.15	-118.65	-20.40	-2.62	49.82	69.15	61.31	-14.33	-139.52	15.95	90.15	237.31	193.81
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:	28%
5 Years:	39%
3 Years:	103%
1 Year:	150%

Return on Equity
10 Years:	26%
5 Years:	33%
3 Years:	54%
Last Year:	36%

Last Updated: July 25, 2024, 4:29 am

Chennai Petroleum Corporation Ltd Balance Sheet

Last Updated: July 10, 2024, 4:04 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	149	149	149	149	149	149	149	149	149	149	149	149	149
Reserves	3,644	1,877	1,573	1,506	2,212	3,165	3,707	3,161	1,043	1,276	2,641	6,132	7,469
Preference Capital	0	0	0	0	0	0	500	547	573	606	500	500
Borrowings	3,672	5,905	5,600	5,399	4,567	5,501	3,991	6,121	8,126	8,561	8,738	3,760	3,423
Other Liabilities	7,502	6,189	6,644	3,929	3,430	2,681	6,351	4,525	3,351	4,093	5,798	5,845	6,940
Total Liabilities	14,967	14,121	13,966	10,983	10,358	11,496	14,198	13,955	12,669	14,078	17,327	15,885	17,981
Fixed Assets	3,716	4,568	4,292	4,077	4,119	3,883	5,914	6,977	7,034	7,142	6,967	7,637	7,726
CWIP	1,012	173	344	782	1,679	2,763	1,410	1,199	1,598	1,550	1,210	331	131
Investments	24	24	25	25	12	12	12	12	12	12	12	12	12
Other Assets	10,215	9,355	9,305	6,098	4,547	4,838	6,863	5,767	4,025	5,374	9,139	7,905	10,112
Total Assets	14,967	14,121	13,966	10,983	10,358	11,496	14,198	13,955	12,669	14,078	17,327	15,885	17,981

Chennai Petroleum Corporation Ltd Reserves and Borrowings Chart

Chennai Petroleum Corporation Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-1,350	1,141	1,078	2,292	609	2,757	-145	-621	452	1,026	5,749	2,694
Cash from Investing Activity	-393	-279	-477	-1,142	-1,169	-969	-1,273	-963	-548	-676	-403	-589
Cash from Financing Activity	1,746	-856	-608	-1,152	561	-1,788	1,418	1,584	97	-343	-5,354	-2,106
Net Cash Flow	2	5	-6	-1	0	-0	0	-0	1	7	-7	-1

Chennai Petroleum Corporation Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	31	22	17	16	11	14	18	3	1	3	2	1
Inventory Days	59	55	52	34	50	48	60	45	23	87	71	32
Days Payable	56	40	40	29	39	25	56	23	15	36	30	16
Cash Conversion Cycle	34	36	28	21	22	37	22	25	9	54	43	17
Working Capital Days	27	31	23	9	14	29	-3	14	2	31	36	15
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 Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Commodities Fund	403,610	1.55	20.59	67,127	2024-07-25	501.26%
ICICI Prudential PSU Equity Fund	250,088	0.81	12.76	67,127	2024-07-25	272.56%
ITI Mid Cap Fund	93,575	0.89	4.77	67,127	2024-07-25	39.4%
Taurus Flexi Cap Fund	67,127	1.2	3.43	67,127	2024-07-25	0%
Motilal Oswal Nifty Microcap 250 Index Fund	39,558	0.52	2.02	67,127	2024-07-25	-41.07%
ICICI Prudential Retirement Fund - Hybrid Conservative	6,200	0.59	0.32	67,127	2024-07-25	-90.76%

Chennai Petroleum Corporation Ltd ROCE Trend

Chennai Petroleum Corporation Ltd EPS Trend

Chennai Petroleum Corporation Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	184.34	237.16	90.80	17.28	-138.10
Diluted EPS (Rs.)	184.34	237.16	90.80	17.28	-138.10
Cash EPS (Rs.)	222.56	275.29	123.59	46.84	-104.82
Book Value[Excl.RevalReserv]/Share (Rs.)	592.37	434.83	200.57	108.20	91.28
Book Value[Incl.RevalReserv]/Share (Rs.)	592.37	434.83	200.57	108.20	91.28
Revenue From Operations / Share (Rs.)	4458.11	5153.09	2912.86	1507.27	2492.56
PBDIT / Share (Rs.)	301.26	383.08	184.14	141.80	-140.09
PBIT / Share (Rs.)	260.59	344.57	150.30	110.52	-175.19
PBT / Share (Rs.)	245.60	322.39	122.60	85.33	-202.94
Net Profit / Share (Rs.)	181.89	236.78	89.75	15.56	-139.91
NP After MI And SOA / Share (Rs.)	184.34	237.16	90.80	17.28	-138.10
PBDIT Margin (%)	6.75	7.43	6.32	9.40	-5.62
PBIT Margin (%)	5.84	6.68	5.15	7.33	-7.02
PBT Margin (%)	5.50	6.25	4.20	5.66	-8.14
Net Profit Margin (%)	4.08	4.59	3.08	1.03	-5.61
NP After MI And SOA Margin (%)	4.13	4.60	3.11	1.14	-5.54
Return on Networth / Equity (%)	31.11	54.54	45.26	15.96	-151.28
Return on Capital Employeed (%)	35.20	54.27	36.75	33.83	-58.84
Return On Assets (%)	14.97	22.02	7.68	1.80	-16.02
Long Term Debt / Equity (X)	0.09	0.25	0.63	1.50	1.75
Total Debt / Equity (X)	0.25	0.57	2.92	5.00	5.97
Asset Turnover Ratio (%)	3.86	4.59	2.74	1.67	2.64
Current Ratio (X)	1.38	1.16	0.77	0.54	0.34
Quick Ratio (X)	0.30	0.25	0.11	0.05	0.05
Inventory Turnover Ratio (X)	8.75	9.95	6.65	5.78	9.93
Dividend Payout Ratio (NP) (%)	14.64	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	11.99	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	85.36	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	88.01	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	20.09	17.28	6.65	5.63	-5.05
Interest Coverage Ratio (Post Tax) (X)	13.13	11.68	4.24	1.62	-4.04
Enterprise Value (Cr.)	16168.43	7769.39	11112.28	10154.40	9584.11
EV / Net Operating Revenue (X)	0.24	0.10	0.25	0.45	0.25
EV / EBITDA (X)	3.60	1.36	4.05	4.81	-4.59
MarketCap / Net Operating Revenue (X)	0.20	0.04	0.04	0.06	0.02
Retention Ratios (%)	85.35	0.00	0.00	0.00	0.00
Price / BV (X)	1.53	0.54	0.63	0.92	0.66
Price / Net Operating Revenue (X)	0.20	0.04	0.04	0.06	0.02
EarningsYield	0.20	0.99	0.71	0.17	-2.28

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: 1,313.13

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: 31.44% compared to the current price 999

Intrinsic Value: 4,198.98

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: 320.32% compared to the current price 999

Last 5 Year EPS CAGR: 219.77%

*Investments are subject to market risks

Strength and Weakness of Chennai Petroleum Corporation Ltd Stock

Strength	Weakness
The stock has a low average Working Capital Days of 19.00, which is a positive sign.	The stock has a low average ROCE of 8.17%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 29.00, which may not be favorable. The company has higher borrowings (6,023.33) compared to reserves (3,061.42), which may suggest financial risk. 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 ₹1313.13.

What is the Market Cap of Chennai Petroleum Corporation Ltd?

The Market Cap of Chennai Petroleum Corporation Ltd is 14,819 Cr..

What is the current Stock Price of Chennai Petroleum Corporation Ltd as on 27 July 2024?

The current stock price of Chennai Petroleum Corporation Ltd as on 27 July 2024 is 999.

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 1,275/347.

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

The Stock P/E of Chennai Petroleum Corporation Ltd is 5.91.

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 5.50 %.

What is the ROCE of Chennai Petroleum Corporation Ltd?

The ROCE of Chennai Petroleum Corporation Ltd is 35.4 %.

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.