Chennai Petroleum Corporation Ltd
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]
- Market Cap ₹ 10,125 Cr.
- Current Price ₹ 680
- High / Low ₹ 698 / 186
- Stock P/E 3.51
- Book Value ₹ 512
- Dividend Yield 3.97 %
- ROCE 45.5 %
- ROE 77.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is providing a good dividend yield of 3.97%.
- Company has delivered good profit growth of 31.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 64.3%
- Company's working capital requirements have reduced from 27.4 days to 15.3 days
Cons
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
40,627 | 42,883 | 49,131 | 41,637 | 25,716 | 27,522 | 32,369 | 41,113 | 36,973 | 22,222 | 43,068 | 76,271 | 65,353 | |
40,235 | 43,743 | 48,544 | 41,779 | 24,367 | 25,645 | 30,288 | 40,595 | 39,076 | 20,209 | 40,336 | 70,574 | 60,538 | |
Operating Profit | 393 | -860 | 587 | -142 | 1,349 | 1,877 | 2,082 | 518 | -2,103 | 2,014 | 2,732 | 5,698 | 4,815 |
OPM % | 1% | -2% | 1% | -0% | 5% | 7% | 6% | 1% | -6% | 9% | 6% | 7% | 7% |
64 | 15 | 40 | 30 | 36 | 40 | 39 | 59 | 24 | 107 | 16 | 15 | 11 | |
Interest | 250 | 478 | 569 | 405 | 353 | 274 | 322 | 421 | 415 | 376 | 413 | 331 | 315 |
Depreciation | 365 | 375 | 390 | 226 | 274 | 279 | 340 | 453 | 523 | 467 | 504 | 573 | 602 |
Profit before tax | -158 | -1,698 | -331 | -742 | 759 | 1,365 | 1,458 | -298 | -3,016 | 1,277 | 1,832 | 4,809 | 3,909 |
Tax % | 139% | -4% | 8% | 95% | 2% | 25% | 37% | 28% | 31% | 81% | 27% | 27% | |
62 | -1,767 | -304 | -39 | 742 | 1,030 | 913 | -213 | -2,078 | 238 | 1,342 | 3,534 | 2,886 | |
EPS in Rs | 4.15 | -118.65 | -20.40 | -2.62 | 49.82 | 69.15 | 61.31 | -14.33 | -139.52 | 15.95 | 90.15 | 237.31 | 193.81 |
Dividend Payout % | 48% | 0% | 0% | 0% | 8% | 30% | 30% | 0% | 0% | 0% | 2% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 19% |
3 Years: | 27% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 31% |
3 Years: | 55% |
TTM: | -20% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 20% |
3 Years: | 95% |
1 Year: | 210% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 64% |
Last Year: | 78% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 |
Reserves | 3,644 | 1,877 | 1,573 | 1,506 | 2,212 | 3,165 | 3,707 | 3,161 | 1,043 | 1,276 | 2,641 | 6,132 | 7,469 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 547 | 573 | 606 | 500 | 500 | |
3,672 | 5,905 | 5,600 | 5,399 | 4,567 | 5,501 | 3,991 | 6,121 | 8,126 | 8,561 | 8,738 | 3,760 | 3,423 | |
7,502 | 6,189 | 6,644 | 3,929 | 3,430 | 2,681 | 6,351 | 4,525 | 3,351 | 4,093 | 5,798 | 5,845 | 6,940 | |
Total Liabilities | 14,967 | 14,121 | 13,966 | 10,983 | 10,358 | 11,496 | 14,198 | 13,955 | 12,669 | 14,078 | 17,327 | 15,885 | 17,981 |
3,716 | 4,568 | 4,292 | 4,077 | 4,119 | 3,883 | 5,914 | 6,977 | 7,034 | 7,142 | 6,967 | 7,637 | 7,726 | |
CWIP | 1,012 | 173 | 344 | 782 | 1,679 | 2,763 | 1,410 | 1,199 | 1,598 | 1,550 | 1,210 | 331 | 131 |
Investments | 24 | 24 | 25 | 25 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
10,215 | 9,355 | 9,305 | 6,098 | 4,547 | 4,838 | 6,863 | 5,767 | 4,025 | 5,374 | 9,139 | 7,905 | 10,112 | |
Total Assets | 14,967 | 14,121 | 13,966 | 10,983 | 10,358 | 11,496 | 14,198 | 13,955 | 12,669 | 14,078 | 17,327 | 15,885 | 17,981 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,567 | -1,350 | 1,141 | 1,078 | 2,292 | 609 | 2,757 | -145 | -621 | 452 | 1,026 | 5,749 | |
-503 | -393 | -279 | -477 | -1,142 | -1,169 | -969 | -1,273 | -963 | -548 | -676 | -403 | |
-1,037 | 1,746 | -856 | -608 | -1,152 | 561 | -1,788 | 1,418 | 1,584 | 97 | -343 | -5,354 | |
Net Cash Flow | 26 | 2 | 5 | -6 | -1 | 0 | -0 | 0 | -0 | 1 | 7 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 31 | 22 | 17 | 16 | 11 | 14 | 18 | 3 | 1 | 3 | 2 | 1 |
Inventory Days | 59 | 55 | 52 | 34 | 50 | 48 | 60 | 45 | 23 | 87 | 71 | 32 |
Days Payable | 56 | 40 | 40 | 29 | 39 | 25 | 56 | 23 | 15 | 36 | 30 | 16 |
Cash Conversion Cycle | 34 | 36 | 28 | 21 | 22 | 37 | 22 | 25 | 9 | 54 | 43 | 17 |
Working Capital Days | 27 | 31 | 23 | 9 | 14 | 29 | -3 | 14 | 2 | 31 | 36 | 15 |
ROCE % | 1% | -16% | 3% | -5% | 16% | 21% | 21% | 1% | -26% | 16% | 20% | 46% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Dec
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Nov
- Announcement under Regulation 30 (LODR)-Change in Directorate 8 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6 Nov
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 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2023TranscriptPPT
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]