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

₹ 151 -1.04%
02 Dec - 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 ₹ 1,998 Cr.
  • Current Price ₹ 151
  • High / Low ₹ 219 / 136
  • Stock P/E 18.3
  • Book Value ₹ 103
  • Dividend Yield 0.00 %
  • ROCE 12.3 %
  • ROE 11.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

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.98.5 Cr.
  • Working capital days have increased from -6.50 days to 124 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
124.58 169.83 175.09 167.61 112.83 179.08 289.61 136.15 94.81 146.52 43.39 78.65 315.01
79.62 90.22 39.63 77.43 44.85 108.44 214.94 73.77 63.11 72.50 38.61 46.47 292.26
Operating Profit 44.96 79.61 135.46 90.18 67.98 70.64 74.67 62.38 31.70 74.02 4.78 32.18 22.75
OPM % 36.09% 46.88% 77.37% 53.80% 60.25% 39.45% 25.78% 45.82% 33.44% 50.52% 11.02% 40.92% 7.22%
1.21 -9.73 4.38 6.68 2.66 9.51 37.13 10.60 4.77 3.67 57.08 35.37 2.40
Interest 11.84 12.16 7.16 9.20 8.18 7.43 6.33 6.01 5.49 5.36 4.57 4.45 4.24
Depreciation 15.79 21.79 22.56 20.06 18.37 21.33 20.27 18.47 17.58 19.86 21.71 18.36 16.94
Profit before tax 18.54 35.93 110.12 67.60 44.09 51.39 85.20 48.50 13.40 52.47 35.58 44.74 3.97
Tax % 4.48% -3.90% 3.14% 2.28% 2.09% 9.38% 17.12% 13.59% 19.33% 17.44% -43.82% 1.94% 28.72%
17.71 37.34 106.65 66.07 43.18 46.57 70.61 41.92 10.81 43.32 51.16 43.87 2.83
EPS in Rs 1.34 2.82 8.06 5.00 3.27 3.52 5.34 3.17 0.82 3.28 3.87 3.32 0.21
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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 TTM
78 59 48 26 49 265 202 114 156 558 749 421 584
103 68 45 24 18 77 77 59 77 245 440 247 450
Operating Profit -25 -9 3 1 31 188 125 55 78 312 309 174 134
OPM % -32% -16% 6% 5% 63% 71% 62% 48% 50% 56% 41% 41% 23%
6 -1,156 20 48 16 15 48 27 -23 -3 52 76 99
Interest 14 15 5 0 1 2 6 6 9 38 32 22 19
Depreciation 103 39 12 10 8 44 29 23 26 74 80 78 77
Profit before tax -136 -1,219 6 40 38 157 137 52 20 197 248 150 137
Tax % -9% 0% 11% 10% 0% 0% -0% -3% -2% 2% 9% 2%
-124 -1,220 5 36 38 157 138 53 20 194 226 147 141
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 10.68
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: -17%
Compounded Profit Growth
10 Years: 16%
5 Years: 7%
3 Years: 39%
TTM: -23%
Stock Price CAGR
10 Years: 15%
5 Years: 12%
3 Years: 2%
1 Year: -22%
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 Sep 2025
Equity Capital 131 131 131 131 131 131 132 132 132 132 132 132 132
Reserves 405 150 175 211 253 410 547 601 621 815 1,042 1,189 1,236
947 0 0 0 0 12 45 254 357 364 174 121 77
179 154 186 183 160 182 311 198 417 539 603 521 642
Total Liabilities 1,662 435 491 525 544 734 1,036 1,185 1,527 1,850 1,951 1,962 2,087
1,058 80 68 232 281 384 357 335 510 1,246 1,247 1,191 1,479
CWIP 337 118 130 6 6 26 327 535 782 32 38 48 60
Investments 31 28 74 160 51 137 118 65 19 133 0 0 0
236 210 219 127 207 187 233 251 216 439 666 723 547
Total Assets 1,662 435 491 525 544 734 1,036 1,185 1,527 1,850 1,951 1,962 2,087

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 33 -241 -221 -612 -177 33 124
ROCE % -8% -5% 2% 3% 9% 33% 18% 5% 6% 20% 18% 12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
0.62% 0.62% 0.74% 0.97% 1.25% 1.31% 1.80% 1.64% 1.40% 1.76% 1.45% 1.71%
2.73% 2.81% 1.45% 4.00% 0.61% 0.66% 0.52% 0.28% 0.34% 0.32% 0.48% 0.49%
0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
96.64% 96.54% 97.77% 95.03% 98.14% 98.01% 97.67% 98.07% 98.25% 97.92% 98.06% 97.79%
No. of Shareholders 78,37877,19072,65784,12087,97898,32995,20294,18696,66993,79595,50992,866

* 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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