Hindustan Oil Exploration Company Ltd

About

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)

  • Market Cap 2,179 Cr.
  • Current Price 165
  • High / Low 222 / 78.2
  • Stock P/E 49.9
  • Book Value 57.6
  • Dividend Yield 0.00 %
  • ROCE 4.52 %
  • ROE 4.82 %
  • Face Value 10.0

Pros

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.26.45 Cr.
  • Debtor days have increased from 73.88 to 99.60 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
74 77 57 62 50 34 24 33 28 29 30 39
27 22 18 22 15 23 11 17 15 17 15 22
Operating Profit 48 55 39 40 34 11 13 17 13 12 16 17
OPM % 64% 71% 69% 65% 69% 32% 54% 50% 46% 41% 52% 44%
Other Income 4 5 4 10 28 7 5 3 3 16 2 6
Interest 1 -2 1 1 1 2 1 1 1 1 2 2
Depreciation 12 13 8 8 8 5 5 6 6 6 5 6
Profit before tax 37 49 33 40 54 10 11 12 8 20 11 16
Tax % 0% 0% 2% 1% 0% -16% -6% 1% -3% -4% 2% -5%
Net Profit 37 49 33 40 53 12 12 12 8 21 11 17
EPS in Rs 2.86 3.78 2.50 3.02 4.03 0.88 0.92 0.88 0.64 1.60 0.84 1.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
154 345 168 128 78 59 48 26 49 265 202 114 126
45 98 80 61 103 68 45 24 18 77 77 59 68
Operating Profit 110 246 88 67 -25 -9 3 1 31 188 125 55 58
OPM % 71% 71% 52% 52% -32% -16% 6% 5% 63% 71% 62% 48% 46%
Other Income 14 9 25 -564 6 -1,156 20 48 16 15 48 27 26
Interest 8 12 11 11 14 15 5 0 1 2 6 6 6
Depreciation 47 122 56 88 103 39 12 10 8 44 29 23 22
Profit before tax 69 121 47 -595 -136 -1,219 6 40 38 157 137 52 56
Tax % 36% 32% 26% 7% 9% -0% 11% 10% 0% 0% -0% -3%
Net Profit 44 82 35 -553 -124 -1,220 5 36 38 157 138 53 58
EPS in Rs 3.37 6.25 2.65 -42.35 -9.48 -93.46 0.38 2.76 2.88 12.01 10.40 4.04 4.36
Dividend Payout % 0% 8% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -10%
5 Years: 19%
3 Years: 33%
TTM: -10%
Compounded Profit Growth
10 Years: -8%
5 Years: 134%
3 Years: 1%
TTM: -35%
Stock Price CAGR
10 Years: 2%
5 Years: 18%
3 Years: 11%
1 Year: 90%
Return on Equity
10 Years: 3%
5 Years: 14%
3 Years: 17%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
131 131 131 131 131 131 131 131 131 131 132 132 132
Reserves 977 1,051 1,085 532 405 150 175 211 253 410 547 601 629
Borrowings 652 589 591 886 947 0 0 0 0 12 45 254 270
151 170 197 210 179 154 186 183 160 182 311 198 397
Total Liabilities 1,911 1,941 2,003 1,758 1,662 435 491 525 544 734 1,036 1,185 1,428
10 10 10 9 9 8 8 10 18 28 26 23 326
CWIP 65 101 124 339 337 118 130 6 6 26 327 535 715
Investments 7 115 77 30 31 28 74 160 51 137 118 65 113
1,828 1,715 1,792 1,379 1,285 281 279 349 470 543 565 563 274
Total Assets 1,911 1,941 2,003 1,758 1,662 435 491 525 544 734 1,036 1,185 1,428

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-187 164 64 76 20 12 94 98 -7 167 287 -77
-558 -18 11 -320 -40 2 -1 -32 -60 -148 -297 -208
540 -77 -86 242 -53 -24 0 0 0 0 34 206
Net Cash Flow -205 70 -11 -2 -73 -10 93 67 -67 20 24 -79

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 101 52 47 51 40 34 31 74 124 56 66 100
Inventory Days 1,367 1,927 1,259 1,238 769
Days Payable 574 742 605 714 291
Cash Conversion Cycle 101 52 840 1,237 694 558 508 74 124 56 66 100
Working Capital Days -6 52 43 -101 -72 463 395 -384 138 50 -218 82
ROCE % 5% 8% 3% -1% -8% -5% 2% 3% 9% 33% 18% 5%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
7.35 7.67 7.62 8.80 8.81 7.60 0.64 0.47 0.40 0.59 0.43 0.99
2.64 2.78 2.78 2.93 3.07 3.33 3.64 2.97 3.95 3.43 4.23 4.12
90.00 89.54 89.60 88.26 88.11 89.07 95.72 96.56 95.64 95.97 95.34 94.88

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