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 ₹ 2,291 Cr.
- Current Price ₹ 173
- High / Low ₹ 294 / 145
- Stock P/E 15.6
- Book Value ₹ 99.9
- Dividend Yield 0.00 %
- ROCE 12.3 %
- ROE 11.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Earnings include an other income of Rs.76.1 Cr.
- Working capital days have increased from 88.7 days to 188 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78 | 59 | 48 | 26 | 49 | 265 | 202 | 114 | 156 | 558 | 749 | 421 | |
| 103 | 68 | 45 | 24 | 18 | 77 | 77 | 59 | 77 | 245 | 440 | 248 | |
| Operating Profit | -25 | -9 | 3 | 1 | 31 | 188 | 125 | 55 | 78 | 312 | 309 | 173 |
| OPM % | -32% | -16% | 6% | 5% | 63% | 71% | 62% | 48% | 50% | 56% | 41% | 41% |
| 6 | -1,156 | 20 | 48 | 16 | 15 | 48 | 27 | -23 | -3 | 52 | 76 | |
| Interest | 14 | 15 | 5 | 0 | 1 | 2 | 6 | 6 | 9 | 38 | 32 | 21 |
| Depreciation | 103 | 39 | 12 | 10 | 8 | 44 | 29 | 23 | 26 | 74 | 80 | 78 |
| Profit before tax | -136 | -1,219 | 6 | 40 | 38 | 157 | 137 | 52 | 20 | 197 | 248 | 150 |
| Tax % | -9% | 0% | 11% | 10% | 0% | 0% | -0% | -3% | -2% | 2% | 9% | 2% |
| -124 | -1,220 | 5 | 36 | 38 | 157 | 138 | 53 | 20 | 194 | 226 | 147 | |
| EPS in Rs | -9.48 | -93.46 | 0.38 | 2.76 | 2.88 | 12.01 | 10.40 | 4.04 | 1.51 | 14.67 | 17.12 | 11.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 16% |
| 3 Years: | 39% |
| TTM: | -44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 7% |
| 3 Years: | 39% |
| TTM: | -24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 22% |
| 3 Years: | -6% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 405 | 150 | 175 | 211 | 253 | 410 | 547 | 601 | 621 | 815 | 1,042 | 1,189 |
| 947 | 0 | 0 | 0 | 0 | 12 | 45 | 254 | 357 | 364 | 174 | 121 | |
| 179 | 154 | 186 | 183 | 160 | 182 | 311 | 198 | 417 | 539 | 603 | 521 | |
| Total Liabilities | 1,662 | 435 | 491 | 525 | 544 | 734 | 1,036 | 1,185 | 1,527 | 1,850 | 1,951 | 1,962 |
| 1,058 | 80 | 68 | 232 | 281 | 384 | 357 | 335 | 510 | 1,246 | 1,247 | 1,191 | |
| CWIP | 337 | 118 | 130 | 6 | 6 | 26 | 327 | 535 | 782 | 32 | 38 | 48 |
| Investments | 31 | 28 | 74 | 160 | 51 | 137 | 118 | 65 | 19 | 133 | 0 | 0 |
| 236 | 210 | 219 | 127 | 207 | 187 | 233 | 251 | 216 | 439 | 666 | 723 | |
| Total Assets | 1,662 | 435 | 491 | 525 | 544 | 734 | 1,036 | 1,185 | 1,527 | 1,850 | 1,951 | 1,962 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 12 | 94 | 98 | -7 | 167 | 287 | -77 | 111 | 219 | 123 | 161 | |
| -40 | 2 | -1 | -32 | -60 | -148 | -297 | -208 | -280 | -77 | -39 | -83 | |
| -53 | -24 | 0 | 0 | 0 | 0 | 34 | 206 | 106 | -27 | -215 | -78 | |
| Net Cash Flow | -73 | -10 | 93 | 67 | -67 | 20 | 24 | -79 | -63 | 115 | -132 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 40 | 34 | 31 | 74 | 124 | 56 | 66 | 100 | 38 | 77 | 153 | 105 |
| Inventory Days | 1,259 | 1,238 | 769 | |||||||||
| Days Payable | 605 | 714 | 291 | |||||||||
| Cash Conversion Cycle | 694 | 558 | 508 | 74 | 124 | 56 | 66 | 100 | 38 | 77 | 153 | 105 |
| Working Capital Days | -1,216 | 463 | 395 | -384 | 137 | 49 | -241 | 82 | -254 | 0 | 78 | 188 |
| ROCE % | -8% | -5% | 2% | 3% | 9% | 33% | 18% | 5% | 6% | 20% | 18% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Jun - Q4 FY25 earnings call: drilling progress, production updates, 100% B-80 acquisition, legal dispute on PY-3, financial results.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Jun - Transcript of the Earnings Call held on May 29, 2025 is attached herewith.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - In continuation of our intimation dated May 30, 2025 we hereby submit copies of newspaper advertisement regarding dispatch of Postal Ballot Notice dated May 28, …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report filed for year ended March 31, 2025.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
30 May - Appointment of two independent directors for five-year terms via postal ballot starting June 1, 2025.
Annual reports
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Financial Year 2024
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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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Concalls
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Jun 2025TranscriptPPT
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Oct 2016TranscriptNotesPPT
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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]