Hindustan Oil Exploration Company Ltd
Hindustan Oil Exploration Company Limited was incorporated in 1983, It is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. The company is India's first private E&P company and its assets are geographically spread across Tamil Nadu, Maharashtra, Gujarat, Assam and Arunachal Pradesh (both offshore and onshore). [1][2][3]
- Market Cap ₹ 2,733 Cr.
- Current Price ₹ 207
- High / Low ₹ 258 / 155
- Stock P/E 10.4
- Book Value ₹ 82.4
- Dividend Yield 0.00 %
- ROCE 20.4 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 44.1% CAGR over last 5 years
Cons
- Stock is trading at 2.51 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 12.8% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
168 | 128 | 78 | 59 | 48 | 26 | 49 | 265 | 202 | 114 | 156 | 559 | 635 | |
80 | 61 | 103 | 68 | 45 | 24 | 18 | 77 | 77 | 59 | 77 | 247 | 270 | |
Operating Profit | 88 | 67 | -25 | -9 | 3 | 1 | 31 | 188 | 125 | 55 | 78 | 312 | 364 |
OPM % | 52% | 52% | -32% | -16% | 6% | 5% | 63% | 71% | 62% | 48% | 50% | 56% | 57% |
25 | -564 | 6 | -1,156 | 20 | 48 | 16 | 15 | 48 | 27 | -23 | -3 | 23 | |
Interest | 11 | 11 | 14 | 15 | 5 | 0 | 1 | 2 | 6 | 6 | 9 | 38 | 32 |
Depreciation | 56 | 88 | 103 | 39 | 12 | 10 | 8 | 44 | 29 | 23 | 26 | 74 | 82 |
Profit before tax | 47 | -595 | -136 | -1,219 | 6 | 40 | 38 | 157 | 137 | 52 | 20 | 197 | 273 |
Tax % | 26% | 7% | 9% | -0% | 11% | 10% | 0% | 0% | -0% | -3% | -2% | 2% | |
35 | -553 | -124 | -1,220 | 5 | 36 | 38 | 157 | 138 | 53 | 20 | 194 | 262 | |
EPS in Rs | 2.65 | -42.35 | -9.48 | -93.46 | 0.38 | 2.76 | 2.88 | 12.01 | 10.40 | 4.04 | 1.51 | 14.67 | 19.85 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 63% |
3 Years: | 40% |
TTM: | 49% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 44% |
3 Years: | 24% |
TTM: | 147% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 11% |
3 Years: | 28% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 16% |
3 Years: | 13% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 132 | 132 | 132 | 132 | 132 |
Reserves | 1,085 | 532 | 405 | 150 | 175 | 211 | 253 | 410 | 547 | 601 | 621 | 815 | 958 |
591 | 886 | 947 | 0 | 0 | 0 | 0 | 12 | 45 | 254 | 357 | 364 | 235 | |
197 | 210 | 179 | 154 | 186 | 183 | 160 | 182 | 311 | 198 | 417 | 539 | 516 | |
Total Liabilities | 2,003 | 1,758 | 1,662 | 435 | 491 | 525 | 544 | 734 | 1,036 | 1,185 | 1,527 | 1,850 | 1,840 |
10 | 9 | 9 | 8 | 8 | 10 | 18 | 28 | 26 | 23 | 214 | 447 | 1,285 | |
CWIP | 124 | 339 | 337 | 118 | 130 | 6 | 6 | 26 | 327 | 535 | 782 | 32 | 35 |
Investments | 77 | 30 | 31 | 28 | 74 | 160 | 51 | 137 | 118 | 65 | 19 | 133 | 3 |
1,792 | 1,379 | 1,285 | 281 | 279 | 349 | 470 | 543 | 565 | 563 | 513 | 1,239 | 517 | |
Total Assets | 2,003 | 1,758 | 1,662 | 435 | 491 | 525 | 544 | 734 | 1,036 | 1,185 | 1,527 | 1,850 | 1,840 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
64 | 76 | 20 | 12 | 94 | 98 | -7 | 167 | 287 | -77 | 111 | 219 | |
11 | -320 | -40 | 2 | -1 | -32 | -60 | -148 | -297 | -208 | -280 | -77 | |
-86 | 242 | -53 | -24 | 0 | 0 | 0 | 0 | 34 | 206 | 106 | -27 | |
Net Cash Flow | -11 | -2 | -73 | -10 | 93 | 67 | -67 | 20 | 24 | -79 | -63 | 115 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 47 | 51 | 40 | 34 | 31 | 74 | 124 | 56 | 66 | 100 | 38 | 76 |
Inventory Days | 1,367 | 1,927 | 1,259 | 1,238 | 769 | |||||||
Days Payable | 574 | 742 | 605 | 714 | 291 | |||||||
Cash Conversion Cycle | 840 | 1,237 | 694 | 558 | 508 | 74 | 124 | 56 | 66 | 100 | 38 | 76 |
Working Capital Days | -102 | -299 | -1,216 | 463 | 395 | -384 | 137 | 49 | -241 | 82 | -254 | 0 |
ROCE % | 3% | -1% | -8% | -5% | 2% | 3% | 9% | 33% | 18% | 5% | 6% | 20% |
Documents
Announcements
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Compliance Certificate For March 31, 2024
2d - Submission of compliance certificate under Regulation 40 (9) of SEBI LODR Regulations 2015
- Compliance Certificate For March 31, 2024 8 Apr
- Confirmation Certificate On Dematerialisation Of Shares For Quarter Ended 31St March 2024 5 Apr
- Closure of Trading Window 27 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Feb - Schedule of meeting with analyst/ institutional investor physically at Mumbai on February 27 and February 28, 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT REC
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Assets
PY-1: PY-1 field is in the offshore part of the Cauvery Basin. The produced gas is evacuated by a 56 km long 14” subsea pipeline and sold to GAIL.
Dirok: The Dirok JV capitalizes on the well-developed ecosystem around the Oil & Gas industry in the areas near Dirok by adopting a local content policy in its project delivery.
Cambay: There are 3 marginal fields at Cambay namely – Asjol, North Balol and CB-ON-7, which together currently produce around 150 boepd. [1]