Hindustan Oil Exploration Company Ltd
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]
- Market Cap ₹ 2,350 Cr.
- Current Price ₹ 178
- High / Low ₹ 258 / 120
- Stock P/E 13.7
- Book Value ₹ 74.8
- Dividend Yield 0.00 %
- ROCE 17.4 %
- ROE 19.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Debtor days have improved from 60.6 to 41.1 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 11.5% over last 3 years.
* 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: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
151 | 109 | 60 | 40 | 28 | 25 | 49 | 237 | 180 | 99 | 130 | 381 | 393 | |
66 | 44 | 87 | 52 | 22 | 21 | 17 | 62 | 58 | 49 | 55 | 186 | 201 | |
Operating Profit | 86 | 64 | -27 | -12 | 6 | 4 | 31 | 175 | 122 | 50 | 76 | 195 | 191 |
OPM % | 56% | 59% | -45% | -29% | 22% | 15% | 64% | 74% | 68% | 50% | 58% | 51% | 49% |
25 | -560 | 6 | -1,156 | 14 | 46 | 16 | 12 | 48 | 39 | -18 | 28 | 36 | |
Interest | 11 | 11 | 14 | 15 | 5 | 0 | 1 | 2 | 5 | 6 | 8 | 32 | 25 |
Depreciation | 55 | 87 | 103 | 39 | 12 | 9 | 8 | 35 | 24 | 19 | 15 | 28 | 31 |
Profit before tax | 44 | -594 | -138 | -1,221 | 3 | 40 | 38 | 150 | 141 | 65 | 36 | 164 | 172 |
Tax % | 24% | 7% | 9% | 0% | -2% | 10% | 0% | 1% | 0% | 0% | 0% | 0% | |
33 | -551 | -125 | -1,221 | 3 | 36 | 38 | 149 | 141 | 65 | 36 | 164 | 172 | |
EPS in Rs | 2.57 | -42.21 | -9.56 | -93.57 | 0.27 | 2.79 | 2.90 | 11.42 | 10.65 | 4.92 | 2.71 | 12.38 | 12.99 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 51% |
3 Years: | 28% |
TTM: | 41% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 43% |
3 Years: | 16% |
TTM: | 114% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 7% |
3 Years: | 21% |
1 Year: | 48% |
Return on Equity | |
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10 Years: | 7% |
5 Years: | 15% |
3 Years: | 12% |
Last Year: | 19% |
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 | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 132 | 132 | 132 | 132 | 132 |
Reserves | 1,077 | 526 | 398 | 141 | 165 | 201 | 243 | 392 | 533 | 598 | 634 | 797 | 857 |
591 | 886 | 947 | 0 | 0 | 0 | 0 | 0 | 0 | 150 | 256 | 284 | 117 | |
194 | 206 | 176 | 151 | 183 | 184 | 161 | 162 | 236 | 155 | 253 | 358 | 313 | |
Total Liabilities | 1,992 | 1,748 | 1,652 | 423 | 478 | 515 | 534 | 684 | 901 | 1,035 | 1,275 | 1,571 | 1,419 |
10 | 9 | 9 | 8 | 8 | 10 | 17 | 17 | 17 | 16 | 16 | 16 | 784 | |
CWIP | 124 | 339 | 337 | 118 | 130 | 6 | 6 | 2 | 139 | 274 | 511 | 27 | 28 |
Investments | 72 | 28 | 27 | 23 | 67 | 152 | 42 | 171 | 151 | 90 | 60 | 174 | 62 |
1,787 | 1,372 | 1,279 | 274 | 273 | 348 | 469 | 494 | 594 | 655 | 688 | 1,354 | 545 | |
Total Assets | 1,992 | 1,748 | 1,652 | 423 | 478 | 515 | 534 | 684 | 901 | 1,035 | 1,275 | 1,571 | 1,419 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
63 | 75 | 19 | 11 | 91 | 98 | -7 | 159 | 196 | -65 | 110 | 184 | |
11 | -317 | -40 | 2 | -1 | -32 | -60 | -149 | -186 | -165 | -262 | -60 | |
-86 | 243 | -53 | -24 | 0 | 0 | 0 | 0 | 2 | 150 | 105 | 2 | |
Net Cash Flow | -11 | 1 | -74 | -11 | 90 | 66 | -67 | 11 | 12 | -80 | -47 | 125 |
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 | 48 | 50 | 39 | 28 | 28 | 69 | 120 | 60 | 71 | 103 | 38 | 41 |
Inventory Days | 3,808 | |||||||||||
Days Payable | 1,115 | |||||||||||
Cash Conversion Cycle | 48 | 50 | 39 | 28 | 2,720 | 69 | 120 | 60 | 71 | 103 | 38 | 41 |
Working Capital Days | -118 | -361 | -1,604 | 649 | 652 | -405 | 129 | 66 | 58 | 766 | 308 | 218 |
ROCE % | 3% | -1% | -8% | -5% | 1% | 4% | 8% | 32% | 18% | 5% | 8% | 17% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Feb - Schedule of meeting with analyst/ institutional investor physically at Mumbai on February 27 and February 28, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 Feb - Submission of Transcript of Earnings call held on February 14, 2024 for unaudited financial results for quarter and nine months ended December 31, 2023.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16 Feb - Company''s appeal against ROC Order dated 31st January, 2023, Regional Director, Ahmedabad vide its order dated 8th February, 2024 directed the Company and its officers …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Feb - Recordings of earnings call happened on February 14, 2023
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 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
Assets
PY-1: PY-1 field is in the offshore part of the Cauvery Basin. The produced gas is evacuated by a 56 km long 14” subsea pipeline and sold to GAIL.
Dirok: The Dirok JV capitalizes on the well-developed ecosystem around the Oil & Gas industry in the areas near Dirok by adopting a local content policy in its project delivery.
Cambay: There are 3 marginal fields at Cambay namely – Asjol, North Balol and CB-ON-7, which together currently produce around 150 boepd. [1]