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

Fundamental Analysis of Hindustan Petroleum Corporation Ltd

About the Company - Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd. is a Public Limited Listed company incorporated on 05/07/1952 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L23201MH1952GOI008858 and registration number is 008858. Currently Company is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs. 349682.93 Cr. and Equity Capital is Rs. 1418.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RefineriesPetroleum House, 17, Jamshedji Tata Road Mumbai Maharashtra 400020corphqo@hpcl.in
http://www.hindustanpetroleum.com
Management
NamePosition Held
Mr. Pushp Kumar JoshiChairman & Managing Director
Mr. Rajneesh NarangDirector - Finance
Mrs. Vimla PradhanIndependent Director
Mr. Bechan LalIndependent Director
Mr. Vivekananda BiswalIndependent Director
Mr. Ramdarshan Singh PalIndependent Director
Mr. Nagaraja BhalkiIndependent Director
Mr. Pankaj KumarGovernment Nominee Director
Mr. Amit GargDirector - Marketing
Mr. S BharathanDirector - Refineries
Mr. Suresh K ShettyDirector - Human Resources
Mr. K S NarendiranIndependent Director

Hindustan Petroleum Corporation Ltd. Share Price Update

Share PriceValue
Today₹509.55
Previous Day₹525.20

Basic Stock Data of Hindustan Petroleum Corporation Ltd

Market Cap 74,843 Cr.
Current Price 528
High / Low595/212
Stock P/E4.42
Book Value 318
Dividend Yield2.84 %
ROCE8.08 %
ROE18.9 %
Face Value 10.0

Data Source: screener.in

Hindustan Petroleum Corporation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales51,83268,72974,90572,49183,11896,66997,635114,502108,462109,688108,056112,07995,752
Expenses48,22465,43270,16869,29880,30695,01294,829126,998110,233108,014102,927102,43487,512
Operating Profit3,6083,2974,7373,1942,8131,6572,806-12,496-1,7711,6745,1309,6468,240
OPM %7%5%6%4%3%2%3%-11%-2%2%5%9%9%
Other Income1,3868995226476631,2511,1122,0112805641,3581,2991,040
Interest272132225259159244335340603693537627590
Depreciation8838949659279601,0351,0791,1061,0941,1231,2381,3711,247
Profit before tax3,8383,1704,0702,6552,3561,6292,503-11,931-3,1874224,7138,9477,443
Tax %22%25%25%25%19%17%19%28%22%-5%23%24%22%
Net Profit2,9762,3743,0612,0041,9191,3532,018-8,557-2,4764443,6086,7665,827
EPS in Rs19.5315.8421.0214.1313.539.5414.23-60.32-17.453.1325.4447.6941.08

Hindustan Petroleum Corporation Ltd Quarterly Chart

Hindustan Petroleum Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales185,284216,355234,237216,648177,910187,493219,510275,491269,092233,248349,913440,709425,576
Expenses180,951212,740228,875211,916169,575176,607208,732263,963263,887217,194339,669447,901400,886
Operating Profit4,3333,6145,3634,7338,33510,88610,77811,5275,20416,05510,244-7,19224,689
OPM %2%2%2%2%5%6%5%4%2%7%3%-2%6%
Other Income9371,4051,3661,8361,9703,6972,7852,3836792,7313,8973,9424,262
Interest2,4811,7732,3931,8417236096187861,1399639972,1742,447
Depreciation1,9222,3653,0112,4972,8462,7762,8343,0853,3703,6254,0004,5604,979
Profit before tax8678821,3252,2316,73511,19710,11010,0391,37414,1979,144-9,98421,524
Tax %80%43%19%33%31%26%29%33%-92%25%20%30%
Net Profit1765001,0801,4894,6758,2367,2186,6912,63910,6637,294-6,98016,645
EPS in Rs1.153.297.099.8430.6854.0547.3743.9117.3273.2451.42-49.21117.34
Dividend Payout %165%57%49%55%25%37%36%36%56%31%27%0%

Hindustan Petroleum Corporation Ltd Profit & Loss Yearly Chart

Hindustan Petroleum Corporation Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:15%
3 Years:18%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:297%
Stock Price CAGR
10 Years:26%
5 Years:18%
3 Years:32%
1 Year:126%
Return on Equity
10 Years:17%
5 Years:12%
3 Years:10%
Last Year:-19%

Hindustan Petroleum Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3393393393393391,0161,5241,5241,5241,4521,4191,4191,419
Reserves12,90213,25413,66013,58516,32520,05524,00828,87629,45636,62839,98530,84443,636
Borrowings40,16945,73747,99536,91622,16022,13021,95228,19244,00143,70948,49870,67158,010
Other Liabilities32,16932,94635,00234,90530,72937,12742,19748,76241,93552,43864,77458,45274,482
Total Liabilities85,57992,27696,99685,74569,55380,32989,681107,354116,918134,228154,676161,387177,547
Fixed Assets31,85835,73638,96645,42533,67836,87638,69541,64248,95250,91258,12668,38770,826
CWIP6,1276,5656,1573,9501,9141,8674,0119,51917,17025,33628,90725,60725,496
Investments6,9586,4285,6916,1139,18511,77312,88214,29714,39615,09318,86723,68927,457
Other Assets40,63643,54746,18330,25724,77629,81134,09441,89636,40042,88748,77543,70353,768
Total Assets85,57992,27696,99685,74569,55380,32989,681107,354116,918134,228154,676161,387177,547

Hindustan Petroleum Corporation Ltd Reserves and Borrowings Chart

Hindustan Petroleum Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5171,7157,00719,4106,65110,25411,0378,5545,46917,82915,810-3,466
Cash from Investing Activity -7,133-5,255-5,152-5,667-4,272-5,304-7,398-11,382-14,168-12,279-13,745-11,384
Cash from Financing Activity 6,8312,577-1,256-14,699-3,674-4,239-4,4232,5988,452-4,709-2,06616,025
Net Cash Flow215-962600-956-1,295712-784-230-247841-11,175

Hindustan Petroleum Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days89107889851176
Inventory Days493842293142353029534025
Days Payable332625232228302517303020
Cash Conversion Cycle242127131721151217331711
Working Capital Days252728-1-1-14-11-7-12-13-15-14
ROCE %7%4%6%7%17%29%24%20%5%19%12%-8%

Hindustan Petroleum Corporation Ltd Financial Efficiency Indicators Chart

Hindustan Petroleum Corporation Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters51.57%53.50%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%
FIIs15.92%16.33%17.84%18.29%20.19%19.90%18.21%16.74%15.65%14.36%13.99%13.26%
DIIs20.81%18.92%16.28%15.93%15.12%15.09%16.41%17.98%19.63%21.40%22.33%22.60%
Public11.71%11.25%10.98%10.88%9.78%10.11%10.47%10.37%9.81%9.33%8.77%9.23%
No. of Shareholders3,10,7103,13,5193,23,8783,55,2623,47,3903,95,0224,14,4144,18,9254,03,7813,85,5623,62,3953,69,816

Hindustan Petroleum Corporation Ltd Shareholding Pattern Chart

No. of Hindustan Petroleum Corporation Ltd Shareholders

Hindustan Petroleum Corporation Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan304260741.58753.65
HDFC Balanced Advantage Fund - Regular Plan167988050.65416.11
Kotak Emerging Equity Fund - Regular Plan85609760.63212.06
HDFC Hybrid Equity Fund - Regular Plan75000000.9185.78
ICICI Prudential Multi Asset Fund70376970.7174.32
ICICI Prudential MidCap Fund65938903.84163.33
ICICI Prudential Large & Mid Cap Fund64517401.81159.81
Kotak Equity Arbitrage Fund - Regular Plan56700000.49140.45
SBI Arbitrage Opportunities Fund51678000.57128.01
ICICI Prudential Multicap Fund50646691.43125.45

Hindustan Petroleum Corporation Ltd ROCE Trend

Hindustan Petroleum Corporation Ltd EPS Trend

Hindustan Petroleum Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-49.2151.3670.5717.3243.91
Diluted EPS (Rs.)-49.2151.3670.5717.3243.91
Cash EPS (Rs.)-34.6169.3297.4242.4358.04
Book Value[Excl.RevalReserv]/Share (Rs.)227.38291.80262.19203.26199.45
Book Value[Incl.RevalReserv]/Share (Rs.)227.38291.80262.19203.26199.45
Revenue From Operations / Share (Rs.)3105.902466.021605.941765.451807.43
PBDIT / Share (Rs.)-40.4689.39128.3948.1885.16
PBIT / Share (Rs.)-72.6061.19103.4326.0764.92
PBT / Share (Rs.)-87.9254.1696.7912.0259.77
Net Profit / Share (Rs.)-66.7541.1372.4620.3237.80
NP After MI And SOA / Share (Rs.)-49.1951.4173.4217.3143.90
PBDIT Margin (%)-1.303.627.992.724.71
PBIT Margin (%)-2.332.486.441.473.59
PBT Margin (%)-2.832.196.020.683.30
Net Profit Margin (%)-2.141.664.511.152.09
NP After MI And SOA Margin (%)-1.582.084.570.982.42
Return on Networth / Equity (%)-21.6317.6128.008.5122.00
Return on Capital Employeed (%)-11.7710.4320.926.6319.73
Return On Assets (%)-4.324.717.942.256.23
Long Term Debt / Equity (X)1.490.770.720.740.39
Total Debt / Equity (X)2.081.091.121.270.85
Asset Turnover Ratio (%)2.852.461.882.432.85
Current Ratio (X)0.590.690.700.650.76
Quick Ratio (X)0.190.190.240.320.40
Inventory Turnover Ratio (X)3.802.171.723.023.59
Dividend Payout Ratio (NP) (%)0.0044.2413.9354.2820.49
Dividend Payout Ratio (CP) (%)0.0028.5710.3923.8314.02
Earning Retention Ratio (%)0.0055.7686.0745.7279.51
Cash Earning Retention Ratio (%)0.0071.4389.6176.1785.98
Interest Coverage Ratio (X)-2.6412.7219.366.4516.52
Interest Coverage Ratio (Post Tax) (X)-3.366.8511.934.608.33
Enterprise Value (Cr.)99976.4082939.9176165.4368145.4869029.33
EV / Net Operating Revenue (X)0.220.230.320.250.25
EV / EBITDA (X)-17.416.544.089.285.32
MarketCap / Net Operating Revenue (X)0.070.100.140.100.15
Retention Ratios (%)0.0055.7586.0645.7179.50
Price / BV (X)1.040.920.890.931.42
Price / Net Operating Revenue (X)0.070.100.140.100.15
EarningsYield-0.200.190.310.090.15

Hindustan Petroleum Corporation Ltd Profitability Ratios (%)

Hindustan Petroleum Corporation Ltd Liquidity Ratios

Hindustan Petroleum Corporation Ltd Liquidity Ratios (%)

Hindustan Petroleum Corporation Ltd Interest Coverage Ratios (%)

Hindustan Petroleum Corporation Ltd Valuation Ratios

Fair Value of Hindustan Petroleum Corporation Ltd Stock

Fair Value: ₹273.20

The stock is overvalued by 48.26% compared to the current price ₹528

*Investments are subject to market risks

Strength and Weakness of Hindustan Petroleum Corporation Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -0.67, which is a positive sign.
  2. The company has shown consistent growth in sales (263.46 cr) and profit (140.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 36.60 and average Dividend Yield of 2.33%.
  2. The stock has a low average ROCE of 11.83%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 19.00, which may not be favorable.
  4. The company has higher borrowings (40,780.00) compared to reserves (24,862.62), which may suggest financial risk.

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 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