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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hindustan Oil Exploration Company Ltd

About the Company - Hindustan Oil Exploration Company Ltd

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�, Vadodra Gujarat 390020contact@hoec.com
http://www.hoec.com
Management
NamePosition Held
Mr. Vivek RaeChairman(NonExe.&Ind.Director)
Mr. Elango PandarinathanManaging Director
Mr. Ramasamy JeevanandamExecutive Director & CFO
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

Hindustan Oil Exploration Company Ltd. Share Price Update

Share PriceValue
Today₹171.40
Previous Day₹173.55

Basic Stock Data of Hindustan Oil Exploration Company Ltd

Market Cap 2,657 Cr.
Current Price 201
High / Low258/116
Stock P/E10.1
Book Value 82.4
Dividend Yield0.00 %
ROCE20.4 %
ROE24.1 %
Face Value 10.0

Data Source: screener.in

Hindustan Oil Exploration Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3328293039444289125170175168113
Expenses17151715222121398090407745
Operating Profit171312161723215145801359068
OPM %50%46%41%52%44%52%50%57%36%47%77%54%60%
Other Income3316263-3321-10473
Interest111222471212798
Depreciation66656511141622232018
Profit before tax12820111619-273319361106844
Tax %1%-3%-4%2%-5%-1%-2%1%4%-4%3%2%2%
Net Profit12821111719-273218371076643
EPS in Rs0.880.641.600.841.281.45-2.062.451.342.828.065.003.27

Hindustan Oil Exploration Company Ltd Quarterly Chart

Hindustan Oil Exploration Company Ltd Profit & Loss

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%

Hindustan Oil Exploration Company Ltd Profit & Loss Yearly Chart

Hindustan Oil Exploration Company Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:63%
3 Years:40%
TTM:108%
Compounded Profit Growth
10 Years:27%
5 Years:44%
3 Years:24%
TTM:250%
Stock Price CAGR
10 Years:18%
5 Years:12%
3 Years:29%
1 Year:45%
Return on Equity
10 Years:8%
5 Years:16%
3 Years:13%
Last Year:24%

Hindustan Oil Exploration Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital131131131131131131131131132132132132132
Reserves1,085532405150175211253410547601621815958
Borrowings59188694700001245254357364235
Other Liabilities197210179154186183160182311198417539516
Total Liabilities2,0031,7581,6624354915255447341,0361,1851,5271,8501,840
Fixed Assets10998810182826232144471,285
CWIP12433933711813066263275357823235
Investments77303128741605113711865191333
Other Assets1,7921,3791,2852812793494705435655635131,239517
Total Assets2,0031,7581,6624354915255447341,0361,1851,5271,8501,840

Hindustan Oil Exploration Company Ltd Reserves and Borrowings Chart

Hindustan Oil Exploration Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 647620129498-7167287-77111219
Cash from Investing Activity 11-320-402-1-32-60-148-297-208-280-77
Cash from Financing Activity -86242-53-24000034206106-27
Net Cash Flow-11-2-73-109367-672024-79-63115

Hindustan Oil Exploration Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days47514034317412456661003876
Inventory Days1,3671,9271,2591,238769
Days Payable574742605714291
Cash Conversion Cycle8401,2376945585087412456661003876
Working Capital Days-102-299-1,216463395-38413749-24182-2540
ROCE %3%-1%-8%-5%2%3%9%33%18%5%6%20%

Hindustan Oil Exploration Company Ltd Financial Efficiency Indicators Chart

Hindustan Oil Exploration Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs0.59%0.43%0.99%0.96%0.93%0.77%0.78%0.62%0.62%0.74%0.97%1.25%
DIIs3.43%4.23%4.12%4.08%3.61%3.13%2.87%2.73%2.81%1.45%4.00%0.61%
Government0.00%0.00%0.00%0.00%0.01%0.01%0.02%0.02%0.02%0.02%0.00%0.00%
Public95.97%95.34%94.88%94.96%95.44%96.08%96.33%96.64%96.54%97.77%95.03%98.14%
No. of Shareholders68,18269,76866,53069,15571,97174,04878,53278,37877,19072,65784,12087,978

Hindustan Oil Exploration Company Ltd Shareholding Pattern Chart

No. of Hindustan Oil Exploration Company Ltd Shareholders

Hindustan Oil Exploration Company Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Small Cap Fund - Regular Plan7367680.112.1
Kotak Infrastructure & Economic Reform Fund - Regular Plan5700000.829.36
Motilal Oswal Nifty Microcap 250 Index Fund931500.331.53
Groww Nifty Total Market Index Fund2140.010

Hindustan Oil Exploration Company Ltd ROCE Trend

Hindustan Oil Exploration Company Ltd EPS Trend

Hindustan Oil Exploration Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)14.671.514.0410.4612.01
Diluted EPS (Rs.)14.671.514.0410.4611.91
Cash EPS (Rs.)20.233.565.6912.5815.26
Book Value[Excl.RevalReserv]/Share (Rs.)71.6256.9455.4351.3941.39
Book Value[Incl.RevalReserv]/Share (Rs.)71.6256.9455.4351.3941.39
Revenue From Operations / Share (Rs.)42.2611.778.6115.2820.32
PBDIT / Share (Rs.)24.276.834.9511.0715.19
PBIT / Share (Rs.)18.704.853.188.8411.84
PBT / Share (Rs.)14.911.563.8010.3411.91
Net Profit / Share (Rs.)14.661.583.9210.3611.90
NP After MI And SOA / Share (Rs.)14.671.514.0410.4012.01
PBDIT Margin (%)57.4258.0357.4872.4374.79
PBIT Margin (%)44.2441.2036.9657.8858.26
PBT Margin (%)35.2713.2144.1667.6958.62
Net Profit Margin (%)34.6913.4145.5667.8258.57
NP After MI And SOA Margin (%)34.7112.8346.9168.0859.11
Return on Networth / Equity (%)20.482.657.2820.2329.01
Return on Capital Employeed (%)18.965.444.1814.2323.11
Return On Assets (%)10.481.304.5013.2821.35
Long Term Debt / Equity (X)0.090.270.210.040.00
Total Debt / Equity (X)0.380.470.210.040.02
Asset Turnover Ratio (%)0.240.100.090.210.38
Current Ratio (X)0.850.471.271.253.73
Quick Ratio (X)0.710.381.071.123.30
Interest Coverage Ratio (X)8.479.8111.3022.89118.69
Interest Coverage Ratio (Post Tax) (X)6.447.007.5418.3392.40
Enterprise Value (Cr.)1874.563199.691367.92399.111667.90
EV / Net Operating Revenue (X)3.3520.5512.011.986.29
EV / EBITDA (X)5.8435.4020.902.738.41
MarketCap / Net Operating Revenue (X)2.8418.6711.242.246.38
Price / BV (X)1.683.861.750.663.13
Price / Net Operating Revenue (X)2.8418.6711.242.246.38
EarningsYield0.120.010.040.300.09

Hindustan Oil Exploration Company Ltd Profitability Ratios (%)

Hindustan Oil Exploration Company Ltd Liquidity Ratios

Hindustan Oil Exploration Company Ltd Liquidity Ratios (%)

Hindustan Oil Exploration Company Ltd Interest Coverage Ratios (%)

Hindustan Oil Exploration Company Ltd Valuation Ratios

Fair Value of Hindustan Oil Exploration Company Ltd Stock

Fair Value: ₹204.58

The stock is undervalued by 1.78% compared to the current price ₹201

*Investments are subject to market risks

Strength and Weakness of Hindustan Oil Exploration Company Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -12.92, which is a positive sign.
  2. The company has higher reserves (520.23 cr) compared to borrowings (283.92 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 is trading at a high valuation with an average P/B ratio of 9.48 and average Dividend Yield of 47.71%.
  2. The stock has a low average ROCE of 7.08%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 261.25, which may not be favorable.

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 Hindustan Oil Exploration Company 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