Chennai Petroleum Corporation Ltd

₹ 218 0.79%
05 Dec - close price
About

Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.[1]

Key Points

Revenue Breakup
Presently, high-speed diesel accounts for ~45% of revenues, followed by Motor spirit (11%), heavy ends (11%), Automatic transmission fluid (10%), naphtha (9%) and other value added products (14%).[1]

  • Market Cap 3,249 Cr.
  • Current Price 218
  • High / Low 418 / 94.4
  • Stock P/E 0.90
  • Book Value 346
  • Dividend Yield 0.92 %
  • ROCE 19.8 %
  • ROE 50.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.63 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 9.37% over past five years.
  • Company has a low return on equity of -6.75% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Refineries Industry: Refineries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
9,238 9,147 8,607 2,903 4,875 5,892 8,737 8,166 8,856 9,939 16,414 23,163 19,509
9,352 8,944 10,768 2,282 4,255 5,681 8,215 7,875 8,550 9,393 14,832 19,758 19,281
Operating Profit -114 203 -2,160 621 620 210 522 291 306 546 1,581 3,404 228
OPM % -1% 2% -25% 21% 13% 4% 6% 4% 3% 5% 10% 15% 1%
15 24 4 46 38 33 29 2 8 1 13 4 12
Interest 99 96 113 124 79 77 95 100 103 113 96 76 61
Depreciation 106 122 118 112 117 113 123 119 122 132 132 133 143
Profit before tax -304 9 -2,388 430 461 53 333 74 89 301 1,367 3,199 36
Tax % 30% 30% 31% 37% 37% 1,152% 30% 27% 27% 24% 27% 26% 21%
Net Profit -213 6 -1,638 272 291 -556 232 54 65 229 994 2,359 28
EPS in Rs -14.30 0.43 -109.97 18.24 19.51 -37.37 15.57 3.61 4.40 15.37 66.78 158.40 1.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
32,981 40,627 42,883 49,131 41,637 25,716 27,522 32,369 41,113 36,973 22,222 43,068 69,024
31,731 40,235 43,743 48,544 41,779 24,367 25,645 30,288 40,595 39,076 20,209 40,344 63,265
Operating Profit 1,250 393 -860 587 -142 1,349 1,877 2,082 518 -2,103 2,014 2,725 5,759
OPM % 4% 1% -2% 1% -0% 5% 7% 6% 1% -6% 9% 6% 8%
83 64 15 40 30 36 40 39 59 24 107 24 30
Interest 255 250 478 569 405 353 274 322 421 415 376 413 347
Depreciation 314 365 375 390 226 274 279 340 453 523 467 504 539
Profit before tax 764 -158 -1,698 -331 -742 759 1,365 1,458 -298 -3,016 1,277 1,832 4,903
Tax % 33% 139% -4% 8% 95% 2% 25% 37% 28% 31% 81% 27%
Net Profit 512 62 -1,767 -304 -39 742 1,030 913 -213 -2,078 238 1,342 3,610
EPS in Rs 34.35 4.15 -118.65 -20.40 -2.62 49.82 69.15 61.31 -14.33 -139.52 15.95 90.15 242.42
Dividend Payout % 35% 48% 0% 0% 0% 8% 30% 30% 0% 0% 0% 2%
Compounded Sales Growth
10 Years: 1%
5 Years: 9%
3 Years: 2%
TTM: 118%
Compounded Profit Growth
10 Years: 36%
5 Years: 5%
3 Years: 102%
TTM: 1857%
Stock Price CAGR
10 Years: 5%
5 Years: -12%
3 Years: 24%
1 Year: 110%
Return on Equity
10 Years: -1%
5 Years: 1%
3 Years: -7%
Last Year: 50%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
149 149 149 149 149 149 149 649 696 721 755 649 149
Reserves 3,617 3,644 1,877 1,573 1,506 2,212 3,165 3,707 3,161 1,043 1,276 2,641 4,998
4,223 3,672 5,905 5,600 5,399 4,567 5,501 3,991 6,121 8,126 8,561 8,738 7,486
4,269 7,502 6,189 6,644 3,929 3,430 2,681 6,351 4,525 3,351 4,093 5,913 8,664
Total Liabilities 12,257 14,967 14,121 13,966 10,983 10,358 11,496 14,198 13,955 12,669 14,078 17,442 21,298
3,436 3,716 4,568 4,292 4,077 4,119 3,883 5,914 6,977 7,034 7,142 6,967 7,732
CWIP 1,133 1,012 173 344 782 1,679 2,763 1,410 1,199 1,598 1,550 1,210 339
Investments 22 24 24 25 25 12 12 12 12 12 12 12 12
7,666 10,215 9,355 9,305 6,098 4,547 4,838 6,863 5,767 4,025 5,374 9,254 13,214
Total Assets 12,257 14,967 14,121 13,966 10,983 10,358 11,496 14,198 13,955 12,669 14,078 17,442 21,298

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
965 1,567 -1,350 1,141 1,078 2,292 609 2,757 -145 -621 452 1,026
-712 -503 -393 -279 -477 -1,142 -1,169 -969 -1,273 -963 -548 -676
-255 -1,037 1,746 -856 -608 -1,152 561 -1,788 1,418 1,584 97 -343
Net Cash Flow -2 26 2 5 -6 -1 0 -0 0 -0 1 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 22 31 22 17 16 11 14 18 3 1 3 2
Inventory Days 60 59 55 52 34 50 48 60 45 23 87 71
Days Payable 30 56 40 40 29 39 25 56 23 15 36 30
Cash Conversion Cycle 52 34 36 28 21 22 37 22 25 9 54 43
Working Capital Days 40 27 31 23 9 14 29 -3 14 2 31 36
ROCE % 13% 1% -16% 3% -5% 16% 21% 21% 1% -26% 16% 20%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29
5.31 3.94 2.91 2.57 2.06 0.71 2.22 1.33 2.67 3.37 4.01 4.66
15.33 16.03 10.90 5.08 4.92 6.55 7.18 6.72 5.85 5.36 2.67 3.29
12.08 12.74 18.90 25.06 25.74 25.45 23.31 24.66 24.20 23.98 26.03 24.76

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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