Hindustan Oil Exploration Company Ltd

Hindustan Oil Exploration Company is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore.(Source : 201903 Annual Report Page No: 80)

Pros:
Company is virtually debt free.
Company is expected to give good quarter
Company has good consistent profit growth of 25.60% over 5 years
Debtor days have improved from 83.27 to 60.23 days
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Crude Oil & Natural Gas // Industry: Oil Drilling / Allied Services

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
6 5 8 4 8 13 23 35 64 66 71 49
6 4 6 2 1 0 13 9 12 22 19 15
Operating Profit -1 2 2 1 7 13 10 26 52 44 52 35
OPM % -17% 33% 27% 38% 86% 97% 42% 73% 81% 66% 73% 71%
Other Income 18 4 10 4 3 6 2 4 2 3 4 4
Interest 0 0 0 1 1 1 -3 1 1 1 -2 1
Depreciation 3 2 2 2 4 5 -2 4 10 10 10 7
Profit before tax 13 4 10 3 6 13 16 24 43 35 48 31
Tax % 3% 0% 0% 0% 0% 0% 0% 4% 0% 0% 0% 0%
Net Profit 13 4 10 3 6 13 16 23 43 35 48 31
EPS in Rs 1.00 0.32 0.75 0.22 0.43 0.99 1.26 1.79 3.28 2.67 3.68 2.36
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
81 85 140 330 151 109 60 40 28 25 49 237 251
60 63 34 86 66 44 87 54 22 29 17 62 68
Operating Profit 21 22 106 244 86 64 -27 -14 6 -4 31 175 183
OPM % 26% 26% 76% 74% 56% 59% -45% -34% 21% -17% 64% 74% 73%
Other Income 31 64 14 9 25 -560 6 -1,154 14 54 16 12 13
Interest 8 10 8 12 11 11 14 15 5 0 1 2 1
Depreciation 5 12 47 122 55 87 103 39 12 9 8 35 38
Profit before tax 39 63 65 118 44 -594 -138 -1,221 3 40 38 150 156
Tax % 38% 16% 36% 32% 24% 7% 9% -0% -2% 10% 0% 1%
Net Profit 24 54 42 80 33 -551 -125 -1,221 3 36 38 149 156
EPS in Rs 1.68 4.10 3.19 6.06 2.57 0.00 0.00 0.00 0.27 2.79 2.90 11.41 11.99
Dividend Payout % 54% 0% 0% 8% 0% -0% -0% -0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.77%
5 Years:31.67%
3 Years:102.95%
TTM:213.79%
Compounded Profit Growth
10 Years:10.29%
5 Years:25.60%
3 Years:344.71%
TTM:168.54%
Stock Price CAGR
10 Years:-12.59%
5 Years:10.69%
3 Years:14.91%
1 Year:-28.53%
Return on Equity
10 Years:2.46%
5 Years:6.45%
3 Years:15.92%
Last Year:31.85%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
131 131 131 131 131 131 131 131 131 131 131 131
Reserves 878 930 971 1,044 1,077 526 398 141 165 201 243 392
Borrowings 147 130 652 589 591 886 947 0 0 0 0 0
150 432 279 346 402 323 176 151 183 184 161 162
Total Liabilities 1,306 1,622 2,033 2,109 2,200 1,865 1,652 423 478 515 534 684
8 13 10 10 10 9 9 8 8 10 17 17
CWIP 402 1,026 65 101 124 339 337 118 130 6 6 2
Investments 568 12 3 110 72 28 27 23 67 152 42 171
327 572 1,955 1,888 1,994 1,489 1,279 274 273 348 469 494
Total Assets 1,306 1,622 2,033 2,109 2,200 1,865 1,652 423 478 515 534 684

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
56 265 -187 163 63 75 19 11 91 98 -7 159
-125 -631 -558 -18 11 -317 -40 2 -1 -32 -60 -148
613 -68 540 -77 -86 243 -53 -24 0 0 0 0
Net Cash Flow 544 -435 -204 69 -11 1 -74 -11 90 66 -67 11

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 6% 6% 5% 7% 3% -1% -8% -5% 1% 4% 8% 32%
Debtor Days 61 90 107 52 48 50 39 28 28 69 120 60
Inventory Turnover 3.37 1.89 2.56 7.56 3.33 2.52 1.57 1.35 1.25 1.06 1.84 9.29