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 ₹ 2,239 Cr.
- Current Price ₹ 169
- High / Low ₹ 202 / 118
- Stock P/E 30.3
- Book Value ₹ 96.0
- Dividend Yield 0.00 %
- ROCE 7.42 %
- ROE 6.35 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 64.7 to 34.2 days.
- Company's working capital requirements have reduced from 177 days to 115 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 9.34% over last 3 years.
- Earnings include an other income of Rs.38.8 Cr.
* 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 Energy BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 28 | 25 | 49 | 237 | 180 | 99 | 130 | 381 | 570 | 344 | 288 | 281 | |
| 52 | 22 | 21 | 17 | 62 | 58 | 49 | 55 | 186 | 464 | 227 | 190 | 203 | |
| Operating Profit | -12 | 6 | 4 | 31 | 175 | 122 | 50 | 76 | 195 | 105 | 117 | 98 | 78 |
| OPM % | -29% | 22% | 15% | 64% | 74% | 68% | 50% | 58% | 51% | 18% | 34% | 34% | 28% |
| -1,156 | 14 | 46 | 16 | 12 | 48 | 39 | -18 | 28 | 33 | 79 | 57 | 39 | |
| Interest | 15 | 5 | 0 | 1 | 2 | 5 | 6 | 8 | 32 | 23 | 17 | 16 | 14 |
| Depreciation | 39 | 12 | 9 | 8 | 35 | 24 | 19 | 15 | 28 | 30 | 30 | 30 | 29 |
| Profit before tax | -1,221 | 3 | 40 | 38 | 150 | 141 | 65 | 36 | 164 | 85 | 148 | 110 | 74 |
| Tax % | 0% | -2% | 10% | 0% | 1% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | |
| -1,221 | 3 | 36 | 38 | 149 | 141 | 65 | 36 | 164 | 85 | 147 | 110 | 74 | |
| EPS in Rs | -93.57 | 0.27 | 2.79 | 2.90 | 11.42 | 10.65 | 4.92 | 2.71 | 12.38 | 6.43 | 11.15 | 8.29 | 5.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 24% |
| 3 Years: | -9% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | 19% |
| 3 Years: | -22% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -4% |
| 3 Years: | 0% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 131 | 131 | 131 | 131 | 131 | 132 | 132 | 132 | 132 | 132 | 132 | 132 |
| Reserves | 141 | 165 | 201 | 243 | 392 | 533 | 598 | 634 | 797 | 880 | 1,027 | 1,137 |
| 0 | 0 | 0 | 0 | 0 | 0 | 150 | 256 | 284 | 74 | 50 | 26 | |
| 151 | 183 | 184 | 161 | 162 | 236 | 155 | 253 | 358 | 471 | 413 | 698 | |
| Total Liabilities | 423 | 478 | 515 | 534 | 684 | 901 | 1,035 | 1,275 | 1,571 | 1,557 | 1,622 | 1,995 |
| 80 | 68 | 232 | 280 | 343 | 322 | 305 | 292 | 798 | 795 | 787 | 1,079 | |
| CWIP | 118 | 130 | 6 | 6 | 2 | 139 | 274 | 511 | 27 | 35 | 40 | 73 |
| Investments | 23 | 67 | 152 | 42 | 171 | 151 | 90 | 60 | 174 | 60 | 60 | 60 |
| 202 | 214 | 126 | 206 | 169 | 289 | 367 | 412 | 573 | 667 | 735 | 783 | |
| Total Assets | 423 | 478 | 515 | 534 | 684 | 901 | 1,035 | 1,275 | 1,571 | 1,557 | 1,622 | 1,995 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 91 | 98 | -7 | 159 | 196 | -65 | 110 | 184 | -15 | 101 | 160 | |
| 2 | -1 | -32 | -60 | -149 | -186 | -165 | -262 | -60 | 110 | -72 | -126 | |
| -24 | 0 | 0 | 0 | 0 | 2 | 150 | 105 | 2 | -226 | -30 | -26 | |
| Net Cash Flow | -11 | 90 | 66 | -67 | 11 | 12 | -80 | -47 | 125 | -130 | -1 | 7 |
| Free Cash Flow | 6 | 82 | 49 | -55 | 66 | 56 | -202 | -65 | 118 | -29 | 74 | -29 |
| CFO/OP | -94% | 900% | 695% | -25% | 90% | 160% | -130% | 140% | 94% | -13% | 88% | 161% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 28 | 69 | 120 | 60 | 71 | 103 | 38 | 41 | 132 | 27 | 34 |
| Inventory Days | 3,808 | 454 | ||||||||||
| Days Payable | 1,115 | 1,670 | ||||||||||
| Cash Conversion Cycle | 28 | 2,720 | 69 | 120 | 60 | 71 | 103 | 38 | 41 | -1,084 | 27 | 34 |
| Working Capital Days | 649 | 652 | -405 | 129 | 66 | 58 | 539 | 41 | 16 | 128 | 288 | 115 |
| ROCE % | -5% | 1% | 4% | 8% | 32% | 18% | 5% | 8% | 17% | 9% | 14% | 7% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Production BOEPD |
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| 2P Reserves (HOEC Net) MMBOE |
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| Net Production BOEPD |
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| Dirok Gas Production MMSCFD |
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| Kharsang Oil Production BOPD |
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| B-80 Oil Production BOPD |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended September 30, 2026 is attached herewith.
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- HOEC held its 42nd AGM on 25 Sep 2026; members considered borrowing limit increase to ₹1,000 crore.
- Reg. 34 (1) Annual Report.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
from bse
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Annual Report 2018
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from nse
Concalls
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Aug 2026Transcript
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Aug 2026Transcript PPT REC
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Jun 2026Transcript
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Jun 2026Transcript PPT REC
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Feb 2026Transcript
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Feb 2026Transcript PPT REC
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Nov 2025Transcript
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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May 2023PPT
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Feb 2023Transcript PPT
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Feb 2023PPT
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Nov 2022Transcript PPT
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Nov 2022PPT
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Aug 2022Transcript PPT
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Aug 2022PPT
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Jun 2022Transcript PPT
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Jun 2022PPT
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Feb 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Nov 2021PPT
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Aug 2021PPT
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Aug 2021PPT
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Aug 2021PPT
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Jun 2021PPT
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Feb 2021PPT
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Feb 2021PPT
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Feb 2021PPT
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Nov 2020PPT
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Nov 2020PPT
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Sep 2020Transcript PPT
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Jun 2020PPT
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Feb 2020PPT
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Nov 2019PPT
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Aug 2019PPT
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May 2019PPT
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Jan 2019PPT
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Oct 2018PPT
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Jul 2018PPT
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May 2018PPT
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Jan 2018PPT
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Oct 2017PPT
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Oct 2017PPT
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Aug 2017PPT
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Apr 2017PPT
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Jan 2017PPT
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Oct 2016PPT
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Aug 2016PPT
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Apr 2016PPT
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]