Chennai Petroleum Corporation Ltd

₹ 245 3.00%
07 Feb - 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 3,653 Cr.
  • Current Price 245
  • High / Low 418 / 94.4
  • Stock P/E 1.04
  • Book Value 358
  • Dividend Yield 0.82 %
  • ROCE 19.6 %
  • ROE 47.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.69 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 -5.66% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
9,147 8,585 2,941 4,875 5,892 8,737 8,166 8,856 9,939 16,414 23,163 19,509 16,054
8,944 10,766 2,284 4,255 5,681 8,215 7,875 8,550 9,393 14,833 19,759 19,284 15,623
Operating Profit 203 -2,182 657 620 210 522 291 306 546 1,581 3,403 225 432
OPM % 2% -25% 22% 13% 4% 6% 4% 3% 5% 10% 15% 1% 3%
29 38 8 39 43 39 5 4 4 21 4 4 5
Interest 96 113 124 79 77 95 100 103 113 96 76 61 108
Depreciation 122 118 112 117 113 123 119 122 132 132 133 143 141
Profit before tax 14 -2,375 428 462 63 343 77 85 305 1,374 3,198 25 188
Tax % 19% 32% 37% 37% 968% 29% 26% 28% 24% 27% 26% 31% 23%
Net Profit 11 -1,625 270 292 -546 242 57 61 232 1,002 2,358 17 144
EPS in Rs 0.76 -109.11 18.12 19.60 -36.69 16.25 3.80 4.10 15.61 67.28 158.32 1.14 9.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
41,899 25,716 27,522 32,370 41,113 36,973 22,222 43,068 75,139
42,016 24,367 25,646 30,288 40,596 39,130 20,210 40,343 69,499
Operating Profit -117 1,349 1,877 2,082 517 -2,157 2,012 2,725 5,641
OPM % -0% 5% 7% 6% 1% -6% 9% 6% 8%
25 56 62 52 67 45 127 33 34
Interest 405 353 274 322 421 415 376 413 342
Depreciation 229 274 279 340 453 468 466 504 548
Profit before tax -727 778 1,386 1,473 -290 -2,995 1,296 1,841 4,785
Tax % 95% 2% 24% 37% 29% 31% 80% 27%
Net Profit -33 762 1,051 927 -205 -2,056 257 1,352 3,521
EPS in Rs -2.23 51.14 70.57 62.27 -13.79 -138.10 17.28 90.79 236.42
Dividend Payout % 0% 8% 30% 30% 0% 0% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 2%
TTM: 110%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 105%
TTM: 495%
Stock Price CAGR
10 Years: 6%
5 Years: -8%
3 Years: 26%
1 Year: 118%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: -6%
Last Year: 47%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
149 149 149 649 696 721 755 649 149
Reserves 1,594 2,320 3,292 3,848 3,308 1,210 1,462 2,838 5,183
5,399 4,567 5,501 3,991 6,121 8,126 8,561 8,738 7,486
3,959 3,430 2,681 6,351 4,561 3,390 4,093 5,913 8,664
Total Liabilities 11,101 10,465 11,623 14,339 14,138 12,875 14,265 17,638 21,482
4,102 4,119 3,883 5,914 6,977 7,034 7,142 6,967 7,732
CWIP 784 1,679 2,763 1,410 1,199 1,598 1,550 1,210 339
Investments 14 119 140 153 159 179 199 209 196
6,201 4,547 4,837 6,863 5,802 4,064 5,374 9,254 13,214
Total Assets 11,101 10,465 11,623 14,339 14,138 12,875 14,265 17,638 21,482

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,083 2,292 609 2,757 -144 -620 452 1,026
-480 -1,142 -1,169 -969 -1,273 -963 -548 -676
-609 -1,152 561 -1,788 1,417 1,583 97 -343
Net Cash Flow -6 -1 0 -0 0 -0 1 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 16 11 14 18 3 1 3 2
Inventory Days 35 50 48 60 45 23 87 71
Days Payable 29 39 25 56 23 15 36 30
Cash Conversion Cycle 22 22 37 22 26 9 54 43
Working Capital Days 10 14 29 -3 14 2 31 36
ROCE % 16% 21% 21% 1% -26% 16% 20%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 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
3.94 2.91 2.57 2.06 0.71 2.22 1.33 2.67 3.37 4.01 4.66 5.07
16.03 10.90 5.08 4.92 6.55 7.18 6.72 5.85 5.36 2.67 3.29 3.25
12.74 18.90 25.06 25.74 25.45 23.31 24.66 24.20 23.98 26.03 24.76 24.40

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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