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 ₹ 2,496 Cr.
- Current Price ₹ 189
- High / Low ₹ 294 / 145
- Stock P/E 17.9
- Book Value ₹ 92.8
- Dividend Yield 0.00 %
- ROCE 18.4 %
- ROE 18.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 153 days.
- Working capital days have increased from -58.4 days to 78.1 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
Sector: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services
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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
128 | 78 | 59 | 48 | 26 | 49 | 265 | 202 | 114 | 156 | 558 | 749 | 667 | |
61 | 103 | 68 | 45 | 24 | 18 | 77 | 77 | 59 | 77 | 245 | 440 | 424 | |
Operating Profit | 67 | -25 | -9 | 3 | 1 | 31 | 188 | 125 | 55 | 78 | 312 | 309 | 243 |
OPM % | 52% | -32% | -16% | 6% | 5% | 63% | 71% | 62% | 48% | 50% | 56% | 41% | 36% |
-564 | 6 | -1,156 | 20 | 48 | 16 | 15 | 48 | 27 | -23 | -3 | 52 | 56 | |
Interest | 11 | 14 | 15 | 5 | 0 | 1 | 2 | 6 | 6 | 9 | 38 | 32 | 23 |
Depreciation | 88 | 103 | 39 | 12 | 10 | 8 | 44 | 29 | 23 | 26 | 74 | 80 | 76 |
Profit before tax | -595 | -136 | -1,219 | 6 | 40 | 38 | 157 | 137 | 52 | 20 | 197 | 248 | 200 |
Tax % | -7% | -9% | 0% | 11% | 10% | 0% | 0% | -0% | -3% | -2% | 2% | 9% | |
-553 | -124 | -1,220 | 5 | 36 | 38 | 157 | 138 | 53 | 20 | 194 | 226 | 167 | |
EPS in Rs | -42.35 | -9.48 | -93.46 | 0.38 | 2.76 | 2.88 | 12.01 | 10.40 | 4.04 | 1.51 | 14.67 | 17.12 | 12.61 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 23% |
3 Years: | 87% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 5% |
3 Years: | 79% |
TTM: | -47% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 35% |
3 Years: | 3% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 17% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 132 | 132 | 132 | 132 | 132 | 132 |
Reserves | 532 | 405 | 150 | 175 | 211 | 253 | 410 | 547 | 601 | 621 | 815 | 1,042 | 1,095 |
886 | 947 | 0 | 0 | 0 | 0 | 12 | 45 | 254 | 357 | 364 | 174 | 145 | |
210 | 179 | 154 | 186 | 183 | 160 | 182 | 311 | 198 | 417 | 539 | 603 | 543 | |
Total Liabilities | 1,758 | 1,662 | 435 | 491 | 525 | 544 | 734 | 1,036 | 1,185 | 1,527 | 1,850 | 1,951 | 1,916 |
1,079 | 1,058 | 80 | 68 | 232 | 281 | 384 | 357 | 335 | 510 | 1,246 | 1,247 | 1,222 | |
CWIP | 339 | 337 | 118 | 130 | 6 | 6 | 26 | 327 | 535 | 782 | 32 | 38 | 49 |
Investments | 30 | 31 | 28 | 74 | 160 | 51 | 137 | 118 | 65 | 19 | 133 | 0 | 10 |
310 | 236 | 210 | 219 | 127 | 207 | 187 | 233 | 251 | 216 | 439 | 666 | 634 | |
Total Assets | 1,758 | 1,662 | 435 | 491 | 525 | 544 | 734 | 1,036 | 1,185 | 1,527 | 1,850 | 1,951 | 1,916 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | 20 | 12 | 94 | 98 | -7 | 167 | 287 | -77 | 111 | 219 | 123 | |
-320 | -40 | 2 | -1 | -32 | -60 | -148 | -297 | -208 | -280 | -77 | -39 | |
242 | -53 | -24 | 0 | 0 | 0 | 0 | 34 | 206 | 106 | -27 | -215 | |
Net Cash Flow | -2 | -73 | -10 | 93 | 67 | -67 | 20 | 24 | -79 | -63 | 115 | -132 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 51 | 40 | 34 | 31 | 74 | 124 | 56 | 66 | 100 | 38 | 77 | 153 |
Inventory Days | 1,927 | 1,259 | 1,238 | 769 | ||||||||
Days Payable | 742 | 605 | 714 | 291 | ||||||||
Cash Conversion Cycle | 1,237 | 694 | 558 | 508 | 74 | 124 | 56 | 66 | 100 | 38 | 77 | 153 |
Working Capital Days | -299 | -1,216 | 463 | 395 | -384 | 137 | 49 | -241 | 82 | -254 | 0 | 78 |
ROCE % | -1% | -8% | -5% | 2% | 3% | 9% | 33% | 18% | 5% | 6% | 20% | 18% |
Documents
Announcements
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Board Meeting Intimation for Considering The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2025
1d - Board meeting on May 28, 2025, to consider audited Q4 and FY2025 financial results.
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Submission Of Information Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 - Change In Investor Relations Advisor
16 May - HOEC appoints Ernst & Young LLP as new Investor Relations Advisor from May 16, 2025.
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Submission Of Information Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
15 May - KSG-71 well drilled in Kharsang Block, producing 250 bpd; KSG-72 drilling started after 12-year gap.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - HOEC declares non-applicability of SEBI Large Corporate framework with Rs.24.54 Cr borrowings and IND A rating.
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Board Meeting Outcome for Disclosure Pursuant To Regulation 30 Of SEBI (LODR)
Regulations, 2015 - Outcome Of Board Meeting
18 Apr - Appointment of two independent directors, resignation of Chairman, and reconstitution of board committees.
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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Feb 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]