Hindustan Oil Exploration Company Ltd

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: 1,351 Cr.
  • Current Price: 102.15
  • 52 weeks High / Low 136.40 / 82.15
  • Book Value: 46.47
  • Stock P/E: 8.72
  • Dividend Yield: 0.00 %
  • ROCE: 33.44 %
  • ROE: 33.39 %
  • Sales Growth (3Yrs): 76.71 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Company is virtually debt free.
Company has good consistent profit growth of 26.40% over 5 years
Debtor days have improved from 84.59 to 56.35 days.
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Crude Oil & Natural Gas // Industry: Oil Drilling / Allied Services

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
42 71 74 77 57 62
14 16 27 22 18 22
Operating Profit 29 56 48 55 39 40
OPM % 68% 78% 64% 71% 69% 65%
Other Income 4 3 4 5 4 10
Interest 1 1 1 -2 1 1
Depreciation 6 12 12 13 8 8
Profit before tax 26 44 37 49 33 40
Tax % 0% -0% 0% 0% 2% 1%
Net Profit 25 45 37 49 33 40
EPS in Rs 1.95 3.42 2.86 3.78 2.50 3.02
Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
95 97 154 345 168 128 78 59 48 26 49 265 271
72 74 45 98 80 61 103 70 40 32 18 77 89
Operating Profit 23 23 110 246 88 67 -25 -11 8 -7 31 188 182
OPM % 25% 24% 71% 71% 52% 52% -32% -19% 17% -26% 63% 71% 67%
Other Income 31 64 14 9 25 -564 6 -1,154 14 56 16 15 22
Interest 8 10 8 12 11 11 14 15 5 0 1 2 2
Depreciation 5 12 47 122 56 88 103 39 12 10 8 44 42
Profit before tax 42 65 69 121 47 -595 -136 -1,219 6 40 38 157 160
Tax % 38% 16% 36% 32% 26% 7% 9% -0% 11% 10% 0% 0%
Net Profit 26 54 44 82 35 -553 -124 -1,220 5 36 38 157 159
EPS in Rs 1.81 4.17 3.37 6.17 2.65 0.00 0.00 0.00 0.38 2.76 2.87 12.01 12.16
Dividend Payout % 51% 0% 0% 8% 0% -0% -0% -0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.56%
5 Years:27.67%
3 Years:76.71%
TTM:444.32%
Compounded Profit Growth
10 Years:10.96%
5 Years:26.40%
3 Years:580.17%
TTM:366.82%
Stock Price CAGR
10 Years:-8.64%
5 Years:25.09%
3 Years:10.33%
1 Year:-11.29%
Return on Equity
10 Years:2.78%
5 Years:7.36%
3 Years:16.94%
Last Year:33.39%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
131 131 131 131 131 131 131 131 131 131 131 131 132
Reserves 881 933 977 1,051 1,085 532 405 150 175 211 253 410 482
Borrowings 147 130 652 589 591 886 947 0 0 0 0 12 12
153 435 281 349 405 327 179 154 186 183 160 182 216
Total Liabilities 1,312 1,629 2,042 2,120 2,211 1,876 1,662 435 491 525 544 734 842
8 14 10 10 10 9 9 8 8 10 18 28 365
CWIP 402 1,026 65 101 124 339 337 118 130 6 6 26 51
Investments 572 16 7 115 77 30 31 28 74 160 51 137 182
329 574 1,959 1,894 2,000 1,497 1,285 281 279 349 470 543 245
Total Assets 1,312 1,629 2,042 2,120 2,211 1,876 1,662 435 491 525 544 734 842

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
59 265 -187 164 64 76 20 12 94 98 -7 167
-125 -631 -558 -18 11 -320 -40 2 -1 -32 -60 -148
614 -68 540 -77 -86 242 -53 -24 0 0 0 0
Net Cash Flow 548 -434 -205 70 -11 -2 -73 -10 93 67 -67 20

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 6% 6% 5% 8% 3% -1% -8% -5% 2% 3% 9% 33%
Debtor Days 46 73 101 52 47 51 40 34 31 74 124 56
Inventory Turnover 3.72 2.07 2.72 7.57 3.49 2.75 1.89 1.78 1.89 1.04 1.84 9.45