Chennai Petroleum Corporation Ltd

About [ edit ]

CPCL is in the business of refining crude oil to produce & supply various petroleum products.

  • Market Cap 1,490 Cr.
  • Current Price 100
  • High / Low 133 / 47.6
  • Stock P/E
  • Book Value 129
  • Dividend Yield 0.00 %
  • ROCE -25.6 %
  • ROE -69.3 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.78 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.50% over past five years.
  • Company has a low return on equity of -11.93% for last 3 years.
  • Contingent liabilities of Rs.581.57 Cr.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Refineries Industry: Refineries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
9,788 9,521 11,995 9,866 9,957 10,148 9,238 9,147 8,585 2,903 4,863 5,880
9,433 9,074 11,761 10,211 9,778 10,268 9,352 8,944 10,766 2,284 4,255 5,681
Operating Profit 355 447 234 -345 179 -120 -114 203 -2,182 619 608 198
OPM % 4% 5% 2% -4% 2% -1% -1% 2% -25% 21% 12% 3%
Other Income 12 11 26 14 16 19 15 29 38 46 50 55
Interest 79 98 105 109 107 105 99 96 113 124 79 77
Depreciation 111 104 108 111 131 123 106 122 118 112 117 113
Profit before tax 178 256 47 -551 -42 -329 -305 14 -2,375 428 462 63
Tax % -2% 38% 50% 34% 41% 30% 30% 19% 32% 37% 37% 968%
Net Profit 182 159 24 -363 -25 -229 -214 11 -1,625 270 292 -546
EPS in Rs 12.19 10.67 1.59 -24.38 -1.67 -15.40 -14.35 0.76 -109.11 18.12 19.60 -36.69
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
41,899 25,716 27,522 32,370 41,113 36,917 22,231
42,016 24,367 25,646 30,288 40,596 39,129 22,987
Operating Profit -117 1,349 1,877 2,082 517 -2,212 -756
OPM % -0% 5% 7% 6% 1% -6% -3%
Other Income 25 56 62 52 67 100 188
Interest 405 353 274 322 421 415 394
Depreciation 229 274 279 340 453 468 461
Profit before tax -727 778 1,386 1,473 -290 -2,995 -1,422
Tax % 95% 2% 24% 37% 29% 31%
Net Profit -33 762 1,051 927 -205 -2,056 -1,609
EPS in Rs -2.23 51.14 70.57 62.27 -13.79 -138.10 -108.08
Dividend Payout % 0% 8% 30% 30% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-3%
3 Years:10%
TTM:-42%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-253%
Stock Price CAGR
10 Years:-6%
5 Years:-11%
3 Years:-35%
1 Year:-1%
Return on Equity
10 Years:%
5 Years:3%
3 Years:-12%
Last Year:-69%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
149 149 149 649 696 721 149
Reserves 1,594 2,320 3,292 3,848 3,308 1,210 1,772
Borrowings 5,399 4,567 5,501 3,991 6,121 8,126 8,809
3,959 3,430 2,681 6,351 4,561 3,390 4,832
Total Liabilities 11,101 10,465 11,623 14,339 14,138 12,875 15,562
4,102 4,119 3,883 5,914 6,977 7,034 7,088
CWIP 784 1,679 2,763 1,410 1,199 1,598 1,449
Investments 14 119 140 153 159 179 178
6,201 4,547 4,837 6,863 5,802 4,064 6,846
Total Assets 11,101 10,465 11,623 14,339 14,138 12,875 15,562

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,083 2,292 609 2,757 -144 -620
-480 -1,142 -1,169 -969 -1,273 -963
-609 -1,152 561 -1,788 1,417 1,583
Net Cash Flow -6 -1 0 -0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 21% 21% 1% -26%
Debtor Days 16 11 14 18 3 1
Inventory Turnover 6.58 7.67 7.30 8.13 10.37

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29 67.29
10.67 9.03 8.43 9.03 8.81 8.42 7.05 5.31 3.94 2.91 2.57 2.06
10.66 11.58 12.53 12.92 13.55 13.72 14.06 15.33 16.03 10.90 5.08 4.92
11.38 12.10 11.76 10.76 10.35 10.58 11.60 12.08 12.74 18.90 25.06 25.74

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