Hindustan Oil Exploration Company Ltd

Hind.Oil Explor. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Oil Exploration Company Ltd

₹ 175 -0.11%
05 Sep - close price
hoec.com BSE: 500186 NSE: HINDOILEXP
About

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]

Key Points

Asset Portfolio
The company has an India Focused Asset Portfolio with 10 Oil & Gas blocks of discovered resources and 1 Exploratory block. It has a presence in 4 out of 7 producing basins in India. [1] [2]

Website BSE NSE
  • Market Cap ₹ 2,313 Cr.
  • Current Price ₹ 175
  • High / Low ₹ 250 / 145
  • Stock P/E 15.2
  • Book Value ₹ 87.7
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 13.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 66.9 to 27.3 days.

Cons

  • 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 13.4% over last 3 years.
  • Earnings include an other income of Rs.105 Cr.
  • Working capital days have increased from 144 days to 288 days

* 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

Energy Oil, Gas & Consumable Fuels Oil Oil Exploration & Production

Part of BSE SmallCap BSE Allcap BSE Energy

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
62 76 101 142 90 66 95 220 71 47 68 125 77
27 60 72 27 63 22 90 196 61 44 59 31 55
Operating Profit 36 16 29 115 27 44 5 23 11 3 10 95 22
OPM % 57% 21% 29% 81% 30% 67% 5% 11% 15% 7% 14% 75% 29%
8 6 5 9 10 5 12 8 12 7 7 54 38
Interest 5 10 10 7 8 6 5 4 4 4 4 5 4
Depreciation 4 5 8 10 9 5 7 7 7 5 8 12 8
Profit before tax 34 7 16 107 21 39 5 20 13 1 5 131 48
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 3% 0% 0% 1% 0%
34 7 16 107 21 39 5 20 12 1 5 130 48
EPS in Rs 2.59 0.50 1.20 8.09 1.61 2.93 0.36 1.49 0.92 0.08 0.38 9.83 3.65
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
60 40 28 25 49 237 180 99 130 381 570 344 318
87 52 22 21 17 62 58 49 55 186 464 227 188
Operating Profit -27 -12 6 4 31 175 122 50 76 195 105 117 129
OPM % -45% -29% 22% 15% 64% 74% 68% 50% 58% 51% 18% 34% 41%
6 -1,156 14 46 16 12 48 39 -18 28 33 79 105
Interest 14 15 5 0 1 2 5 6 8 32 23 17 17
Depreciation 103 39 12 9 8 35 24 19 15 28 30 30 33
Profit before tax -138 -1,221 3 40 38 150 141 65 36 164 85 148 185
Tax % -9% 0% -2% 10% 0% 1% 0% 0% 0% 0% 0% 1%
-125 -1,221 3 36 38 149 141 65 36 164 85 147 184
EPS in Rs -9.56 -93.57 0.27 2.79 2.90 11.42 10.65 4.92 2.71 12.38 6.43 11.15 13.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 14%
3 Years: 38%
TTM: -30%
Compounded Profit Growth
10 Years: 16%
5 Years: 7%
3 Years: 28%
TTM: 101%
Stock Price CAGR
10 Years: 18%
5 Years: 20%
3 Years: 3%
1 Year: -29%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 131 131 131 131 131 131 132 132 132 132 132 132
Reserves 398 141 165 201 243 392 533 598 634 797 880 1,027
947 0 0 0 0 0 0 150 256 284 74 50
176 151 183 184 161 162 236 155 253 358 471 413
Total Liabilities 1,652 423 478 515 534 684 901 1,035 1,275 1,571 1,557 1,622
1,058 80 68 232 280 343 322 305 292 798 795 787
CWIP 337 118 130 6 6 2 139 274 511 27 35 40
Investments 27 23 67 152 42 171 151 90 60 174 60 60
230 202 214 126 206 169 289 367 412 573 667 735
Total Assets 1,652 423 478 515 534 684 901 1,035 1,275 1,571 1,557 1,622

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
19 11 91 98 -7 159 196 -65 110 184 -15 101
-40 2 -1 -32 -60 -149 -186 -165 -262 -60 110 -72
-53 -24 0 0 0 0 2 150 105 2 -226 -30
Net Cash Flow -74 -11 90 66 -67 11 12 -80 -47 125 -130 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 39 28 28 69 120 60 71 103 38 41 132 27
Inventory Days 3,808 454
Days Payable 1,115 1,670
Cash Conversion Cycle 39 28 2,720 69 120 60 71 103 38 41 -1,084 27
Working Capital Days -1,604 649 652 -405 129 66 58 539 41 16 128 288
ROCE % -8% -5% 1% 4% 8% 32% 18% 5% 8% 17% 9% 14%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
0.78% 0.62% 0.62% 0.74% 0.97% 1.25% 1.31% 1.80% 1.64% 1.40% 1.76% 1.45%
2.87% 2.73% 2.81% 1.45% 4.00% 0.61% 0.66% 0.52% 0.28% 0.34% 0.32% 0.48%
0.02% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
96.33% 96.64% 96.54% 97.77% 95.03% 98.14% 98.01% 97.67% 98.07% 98.25% 97.92% 98.06%
No. of Shareholders 78,53278,37877,19072,65784,12087,97898,32995,20294,18696,66993,79595,509

* 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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