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

Fundamental Analysis of Confidence Petroleum India Ltd

About the Company - Confidence Petroleum India Ltd

Confidence Petroleum India Ltd. is a Public Limited Listed company incorporated on 21/07/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L40200MH1994PLC079766 and registration number is 079766. Currently company belongs to the Industry of LPG Bottling/Distribution. Company’s Total Operating Revenue is Rs. 1277.97 Cr. and Equity Capital is Rs. 28.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LPG/CNG/PNG/LNG Bottling/Distribution7O1, Shivai Plaza Premises Chs Ltd, Mumbai Maharashtra 400059cs@confidencegroup.co
http://www.confidencegroup.co
Management
NamePosition Held
Mr. Nitin KharaChairman & Managing Director
Mr. Elesh KharaExecutive Director & CFO
Mrs. Vandana GuptaInd. Non-Executive Director
Mr. Vaibhav Pradeep DedhiaInd. Non-Executive Director
Mrs. Mansi DeogirkarInd. Non-Executive Director
Mr. Sumant SutariaInd. Non-Executive Director

Basic Stock Data of Confidence Petroleum India Ltd

Last Updated: May 14, 2024, 4:37 am

Market Cap 2,471 Cr.
Current Price 85.4
High / Low120/58.5
Stock P/E21.6
Book Value 30.5
Dividend Yield0.12 %
ROCE13.1 %
ROE12.3 %
Face Value 1.00
PEG Ratio1.33

Confidence Petroleum India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales174258338222428394384355461720673875639
Expenses148218287183367345346317405662603799550
Operating Profit26405138624937395658707689
OPM %15%16%15%17%14%12%10%11%12%8%10%9%14%
Other Income1001014014-115
Interest22212333776821
Depreciation12131516151719182020282526
Profit before tax13263422443119183136344447
Tax %22%25%26%25%25%24%25%26%26%26%28%26%34%
Net Profit10202617352415142528263331
EPS in Rs0.370.730.920.631.180.810.480.500.850.950.861.131.14

Confidence Petroleum India Ltd Quarterly Chart

Confidence Petroleum India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6393162693063554976071,0051,0788631,4282,2092,741
Expenses5892752312743204565368789517421,2421,9862,422
Operating Profit50413732354171126127121186223319
OPM %8%13%14%11%10%8%12%13%12%14%13%10%12%
Other Income222-141235636513
Interest171513121112121112992254
Depreciation232522292324243051526785120
Profit before tax1243-222738906963116120157
Tax %27%37%36%-3%44%30%29%29%24%25%25%27%
Net Profit922-2315276752499093118
EPS in Rs0.280.080.08-0.890.040.191.042.441.911.743.163.274.05
Dividend Payout %0%0%0%0%0%0%5%4%0%0%3%4%

Confidence Petroleum India Ltd Profit & Loss Yearly Chart

Confidence Petroleum India Ltd Growth

Compounded Sales Growth
10 Years:21%
5 Years:29%
3 Years:27%
TTM:43%
Compounded Profit Growth
10 Years:46%
5 Years:28%
3 Years:21%
TTM:44%
Stock Price CAGR
10 Years:43%
5 Years:16%
3 Years:12%
1 Year:29%
Return on Equity
10 Years:10%
5 Years:14%
3 Years:12%
Last Year:12%

Last Updated: May 14, 2024, 4:37 am

Confidence Petroleum India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26262626262626272728282828
Reserves210212215187188156227365419505666784853
Borrowings97856862581128277738897412445
Other Liabilities9490989791113141151186168259417492
Total Liabilities4284134073723634074766207057891,0501,6421,818
Fixed Assets222229226183180199243356378456554706742
CWIP308715152923203919633742
Investments77888101329812293030
Other Assets1681691661661601701972152813024058681,003
Total Assets4284134073723634074766207057891,0501,6421,818

Confidence Petroleum India Ltd Reserves and Borrowings Chart

Confidence Petroleum India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 51393130353065686698103-136
Cash from Investing Activity -24-14-19-13-22-108-24-152-93-142-169-170
Cash from Financing Activity -25-27-12-13-1675-3387254269357
Net Cash Flow1-2-05-2-484-1-3351

Confidence Petroleum India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days367788745745372126281722
Inventory Days4096120957955503833443761
Days Payable2262796043292311114627
Cash Conversion Cycle541111291099371644848684956
Working Capital Days49921171089273574958765992
ROCE %8%5%5%2%4%6%15%24%16%12%17%13%

Confidence Petroleum India Ltd Financial Efficiency Indicators Chart

Confidence Petroleum India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
Promoters57.41%57.96%58.95%59.53%59.70%60.07%60.26%61.45%61.32%61.32%61.63%56.15%
FIIs6.41%6.57%6.27%5.97%4.33%3.34%2.89%2.73%1.94%2.23%2.13%1.94%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.74%0.92%1.23%1.26%1.25%1.15%
Public36.19%35.47%34.78%34.51%35.97%36.58%36.10%34.89%35.53%35.21%35.00%40.77%
No. of Shareholders59,62162,77568,42774,80577,14172,22567,93767,07166,82372,78880,75386,539

Confidence Petroleum India Ltd Shareholding Pattern Chart

No. of Confidence Petroleum India Ltd Shareholders

Confidence Petroleum India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund26140000.2522.55
Motilal Oswal Nifty Microcap 250 Index Fund895930.20.77

Confidence Petroleum India Ltd ROCE Trend

Confidence Petroleum India Ltd EPS Trend

Confidence Petroleum India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)3.273.161.731.912.44
Diluted EPS (Rs.)3.273.161.731.852.44
Cash EPS (Rs.)6.105.433.513.743.44
Book Value[Excl.RevalReserv]/Share (Rs.)31.0826.8419.1516.7514.71
Book Value[Incl.RevalReserv]/Share (Rs.)31.4527.2119.5217.1315.09
Revenue From Operations / Share (Rs.)77.7850.2730.3939.3636.68
PBDIT / Share (Rs.)8.006.784.364.784.79
PBIT / Share (Rs.)5.004.422.522.913.70
PBT / Share (Rs.)4.224.102.222.493.30
Net Profit / Share (Rs.)3.103.081.671.872.35
NP After MI And SOA / Share (Rs.)3.173.091.731.912.44
PBDIT Margin (%)10.2813.4714.3412.1413.05
PBIT Margin (%)6.438.808.307.3910.08
PBT Margin (%)5.438.157.306.319.00
Net Profit Margin (%)3.996.135.494.746.40
NP After MI And SOA Margin (%)4.066.155.684.866.65
Return on Networth / Equity (%)11.1912.839.3811.9817.50
Return on Capital Employeed (%)10.4213.019.7712.5918.35
Return On Assets (%)5.478.366.227.4310.77
Long Term Debt / Equity (X)0.350.060.090.070.09
Total Debt / Equity (X)0.500.120.150.160.19
Asset Turnover Ratio (%)1.641.591.111.591.73
Current Ratio (X)2.843.463.923.152.96
Quick Ratio (X)1.792.142.532.121.83
Inventory Turnover Ratio (X)1.023.511.152.543.43
Dividend Payout Ratio (NP) (%)4.200.000.000.004.09
Dividend Payout Ratio (CP) (%)2.160.000.000.002.83
Earning Retention Ratio (%)95.800.000.000.0095.91
Cash Earning Retention Ratio (%)97.840.000.000.0097.17
Interest Coverage Ratio (X)10.2620.7114.3811.2812.01
Interest Coverage Ratio (Post Tax) (X)4.9810.436.515.406.89
Enterprise Value (Cr.)2136.521917.841353.99473.791136.47
EV / Net Operating Revenue (X)0.961.341.570.431.13
EV / EBITDA (X)9.409.9710.933.628.67
MarketCap / Net Operating Revenue (X)0.781.241.470.371.06
Retention Ratios (%)95.790.000.000.0095.90
Price / BV (X)2.152.592.430.922.78
Price / Net Operating Revenue (X)0.781.241.470.371.06
EarningsYield0.050.040.030.130.06

Confidence Petroleum India Ltd Profitability Ratios (%)

Confidence Petroleum India Ltd Liquidity Ratios

Confidence Petroleum India Ltd Liquidity Ratios (%)

Confidence Petroleum India Ltd Interest Coverage Ratios (%)

Confidence Petroleum India Ltd Valuation Ratios

Fair Value

Fair Value: ₹81.13

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.

Overvalued: 5.00% compared to the current price ₹85.4

Intrinsic Value: ₹94.29

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: 10.41% compared to the current price ₹85.4

Last 5 Year EPS CAGR: 16.22%

*Investments are subject to market risks

Strength and Weakness of Confidence Petroleum India Ltd Stock

StrengthWeakness
  1. The company has higher reserves (383.62 cr) compared to borrowings (135.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (296.85 cr) and profit (50.69 cr) over the years.
  1. The stock has a low average ROCE of 10.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 76.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 75.00, which may not be favorable.

FAQ

What is the latest fair value of Confidence Petroleum India Ltd?

The latest fair value of Confidence Petroleum India Ltd is ₹81.13.

What is the Market Cap of Confidence Petroleum India Ltd?

The Market Cap of Confidence Petroleum India Ltd is 2,471 Cr..

What is the current Stock Price of Confidence Petroleum India Ltd as on 19 May 2024?

The current stock price of Confidence Petroleum India Ltd as on 19 May 2024 is 85.4.

What is the High / Low of Confidence Petroleum India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Confidence Petroleum India Ltd stocks is ₹120/58.5.

What is the Stock P/E of Confidence Petroleum India Ltd?

The Stock P/E of Confidence Petroleum India Ltd is 21.6.

What is the Book Value of Confidence Petroleum India Ltd?

The Book Value of Confidence Petroleum India Ltd is 30.5.

What is the Dividend Yield of Confidence Petroleum India Ltd?

The Dividend Yield of Confidence Petroleum India Ltd is 0.12 %.

What is the ROCE of Confidence Petroleum India Ltd?

The ROCE of Confidence Petroleum India Ltd is 13.1 %.

What is the ROE of Confidence Petroleum India Ltd?

The ROE of Confidence Petroleum India Ltd is 12.3 %.

What is the Face Value of Confidence Petroleum India Ltd?

The Face Value of Confidence Petroleum India Ltd is 1.00.

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 Confidence Petroleum India 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