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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Hindustan Oil Exploration Company Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:26 am

Market Cap 2,548 Cr.
Current Price 193
High / Low 294/157
Stock P/E17.9
Book Value 92.8
Dividend Yield0.00 %
ROCE18.4 %
ROE18.3 %
Face Value 10.0
PEG Ratio1.38

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Natural Resources Ltd 253 Cr. 19.7 24.3/9.92 8.530.00 %1.12 %3.49 % 10.0
Dolphin Offshore Enterprises (India) Ltd 2,200 Cr. 550 949/121101 60.60.00 %0.97 %3.22 % 1.00
Deep Energy Resources Ltd 999 Cr. 312 348/150694 1210.00 %0.39 %0.35 % 10.0
Selan Explorations Technology Ltd 1,279 Cr. 841 1,100/40422.1 2860.00 %12.3 %8.70 % 10.0
Oil India Ltd 68,610 Cr. 422 768/2428.18 3242.49 %17.7 %18.0 % 10.0
Industry Average30,032.69 Cr548.3887.77544.760.83%10.49%9.47%6.85

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales28293039444289125170175168113179
Expenses151715222121398090407745108
Operating Profit131216172321514580135906871
OPM %46%41%52%44%52%50%57%36%47%77%54%60%39%
Other Income316263-3321-1047310
Interest112224712127987
Depreciation665651114162223201821
Profit before tax820111619-27331936110684451
Tax %-3%-4%2%-5%-1%-2%1%4%-4%3%2%2%9%
Net Profit821111719-27321837107664347
EPS in Rs0.641.600.841.281.45-2.062.451.342.828.065.003.273.52

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1681287859482649265202114156559625
Expenses80611036845241877775977247252
Operating Profit8867-25-931311881255578312373
OPM %52%52%-32%-16%6%5%63%71%62%48%50%56%60%
Other Income25-5646-1,156204816154827-23-34
Interest1111141550126693837
Depreciation56881033912108442923267483
Profit before tax47-595-136-1,219640381571375220197258
Tax %26%7%9%-0%11%10%0%0%-0%-3%-2%2%
Net Profit35-553-124-1,220536381571385320194253
EPS in Rs2.65-42.35-9.48-93.460.382.762.8812.0110.404.041.5114.6719.15
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-1680.00%77.58%-883.87%100.41%620.00%5.56%313.16%-12.10%-61.59%-62.26%870.00%
Change in YoY Net Profit Growth (%)0.00%1757.58%-961.45%984.28%519.59%-614.44%307.60%-325.26%-49.49%-0.67%932.26%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:25%
5 Years:23%
3 Years:87%
TTM:12%
Compounded Profit Growth
10 Years:13%
5 Years:5%
3 Years:79%
TTM:-46%
Stock Price CAGR
10 Years:19%
5 Years:18%
3 Years:2%
1 Year:6%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:17%
Last Year:18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital131131131131131131131132132132132132132
Reserves5324051501752112534105476016218151,0421,095
Borrowings88694700001245254357364174145
Other Liabilities210179154186183160182311198417539603543
Total Liabilities1,7581,6624354915255447341,0361,1851,5271,8501,9511,916
Fixed Assets998810182826232144474061,222
CWIP3393371181306626327535782323849
Investments30312874160511371186519133010
Other Assets1,3791,2852812793494705435655635131,2391,507634
Total Assets1,7581,6624354915255447341,0361,1851,5271,8501,9511,916

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +7620129498-7167287-77111219123
Cash from Investing Activity +-320-402-1-32-60-148-297-208-280-77-39
Cash from Financing Activity +242-53-24000034206106-27-215
Net Cash Flow-2-73-109367-672024-79-63115-132

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow88.00-819.00-972.00-9.003.001.0031.00176.0080.00-199.00-279.00-52.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days514034317412456661003877153
Inventory Days1,9271,2591,238769
Days Payable742605714291
Cash Conversion Cycle1,2376945585087412456661003877153
Working Capital Days-299-1,216463395-38413749-24182-254078
ROCE %-1%-8%-5%2%3%9%33%18%5%6%20%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
FIIs0.99%0.96%0.93%0.77%0.78%0.62%0.62%0.74%0.97%1.25%1.31%1.80%
DIIs4.12%4.08%3.61%3.13%2.87%2.73%2.81%1.45%4.00%0.61%0.66%0.52%
Government0.00%0.00%0.01%0.01%0.02%0.02%0.02%0.02%0.00%0.00%0.00%0.00%
Public94.88%94.96%95.44%96.08%96.33%96.64%96.54%97.77%95.03%98.14%98.01%97.67%
No. of Shareholders66,53069,15571,97174,04878,53278,37877,19072,65784,12087,97898,32995,202

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan736,7680.112.1570,0002024-12-2029.26%
Kotak Infrastructure & Economic Reform Fund - Regular Plan570,0000.829.36570,0002024-12-200%
Motilal Oswal Nifty Microcap 250 Index Fund93,1500.331.53570,0002024-12-20-83.66%
Groww Nifty Total Market Index Fund2140.010570,0002024-12-20-99.96%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)17.1214.671.514.0410.46
Diluted EPS (Rs.)17.1214.671.514.0410.46
Cash EPS (Rs.)23.1920.233.565.6912.58
Book Value[Excl.RevalReserv]/Share (Rs.)88.8071.6256.9455.4351.39
Book Value[Incl.RevalReserv]/Share (Rs.)88.8071.6256.9455.4351.39
Revenue From Operations / Share (Rs.)56.6442.2611.778.6115.28
PBDIT / Share (Rs.)24.7124.276.834.9511.07
PBIT / Share (Rs.)18.6618.704.853.188.84
PBT / Share (Rs.)18.7914.911.563.8010.34
Net Profit / Share (Rs.)17.1414.661.583.9210.36
NP After MI And SOA / Share (Rs.)17.1214.671.514.0410.40
PBDIT Margin (%)43.6257.4258.0357.4872.43
PBIT Margin (%)32.9444.2441.2036.9657.88
PBT Margin (%)33.1735.2713.2144.1667.69
Net Profit Margin (%)30.2534.6913.4145.5667.82
NP After MI And SOA Margin (%)30.2234.7112.8346.9168.08
Return on Networth / Equity (%)19.2820.482.657.2820.23
Return on Capital Employeed (%)16.2818.965.444.1814.23
Return On Assets (%)11.6010.481.304.5013.28
Long Term Debt / Equity (X)0.060.090.270.210.04
Total Debt / Equity (X)0.140.380.470.210.04
Asset Turnover Ratio (%)0.390.240.100.090.21
Current Ratio (X)1.310.850.471.271.25
Quick Ratio (X)1.220.710.381.071.12
Interest Coverage Ratio (X)10.508.479.8111.3022.89
Interest Coverage Ratio (Post Tax) (X)7.226.447.007.5418.33
Enterprise Value (Cr.)2452.521874.563199.691367.92399.11
EV / Net Operating Revenue (X)3.273.3520.5512.011.98
EV / EBITDA (X)7.505.8435.4020.902.73
MarketCap / Net Operating Revenue (X)3.132.8418.6711.242.24
Price / BV (X)2.001.683.861.750.66
Price / Net Operating Revenue (X)3.132.8418.6711.242.24
EarningsYield0.090.120.010.040.30

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 310.06

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.

As of December 22, 2024, is Undervalued by 60.65% compared to the current share price 193.00

Intrinsic Value of as of December 22, 2024 is: 350.33

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 81.52% compared to the current share price 193.00

Last 5 Year EPS CAGR: 12.99%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 2.08, which is a positive sign.
  2. The company has higher reserves (527.46 cr) compared to borrowings (244.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (190.54 cr) and profit (16.92 cr) over the years.
  1. The stock has a low average ROCE of 8.33%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 204.08, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 30.25%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.28% (Industry Average ROCE: 10.49%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 19.28% (Industry Average ROE: 9.47%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 7.22
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.22
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 17.9 (Industry average Stock P/E: 87.77)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.14
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Hindustan Oil Exploration Company Ltd. is a Public Limited Listed company incorporated on 11/06/1996 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L11100GJ1996PLC029880 and registration number is 029880. Currently Company is involved in the business activities of Off shore extraction of crude petroleum. Company’s Total Operating Revenue is Rs. 130.50 Cr. and Equity Capital is Rs. 132.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Oil Drilling And Exploration�HOEC House�, Tandalja Road, Vadodra Gujarat 390020contact@hoec.com
http://www.hoec.com
Management
NamePosition Held
Mr. Vivek RaeChairman(NonExe.&Ind.Director)
Mr. Ramasamy JeevanandamManaging Director
Mr. Ashok Kumar GoelNon Exe.Non Ind.Director
Mr. Rohit Rajgopal DhootNon Exe.Non Ind.Director
Ms. Sharmila H AminInd. Non-Executive Director
Mr. Pronip Kumar BorthakurInd. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹310.06, which is 60.65% higher than the current market price of ₹193.00. The stock has a market capitalization of 2,548 Cr. and recorded a high/low of 294/157 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,095 Cr and total liabilities of ₹1,916 Cr.

What is the Market Cap of ?

The Market Cap of is 2,548 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 193.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 294/157.

What is the Stock P/E of ?

The Stock P/E of is 17.9.

What is the Book Value of ?

The Book Value of is 92.8.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 18.4 %.

What is the ROE of ?

The ROE of is 18.3 %.

What is the Face Value of ?

The Face Value of 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 . 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