Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.[1]
- Market Cap ₹ 69,367 Cr.
- Current Price ₹ 326
- High / Low ₹ 508 / 316
- Stock P/E 54.3
- Book Value ₹ 281
- Dividend Yield 7.44 %
- ROCE 23.1 %
- ROE 32.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.16 times its book value
- Stock is providing a good dividend yield of 7.44%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.0%
- Company has been maintaining a healthy dividend payout of 30.3%
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.3,449 Cr.
* 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 Petroleum Products Refineries & Marketing
Part of BSE 500 BSE 200 BSE Dollex 200 BSE PSU Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 206,626 | 177,701 | 187,091 | 219,333 | 275,215 | 268,766 | 232,997 | 349,683 | 440,403 | 433,525 | 433,728 | 441,448 | 471,166 | |
| 201,531 | 169,706 | 176,440 | 208,580 | 263,812 | 263,643 | 217,071 | 339,507 | 447,925 | 408,686 | 417,122 | 410,958 | 464,418 | |
| Operating Profit | 5,096 | 7,995 | 10,650 | 10,753 | 11,402 | 5,123 | 15,925 | 10,176 | -7,522 | 24,839 | 16,606 | 30,491 | 6,748 |
| OPM % | 2.5% | 4.5% | 6% | 4.9% | 4.1% | 1.9% | 7% | 2.9% | -1.7% | 6% | 3.8% | 7% | 1.4% |
| 1,744 | 1,089 | 1,442 | 1,769 | 1,675 | 835 | 2,789 | 2,970 | 2,069 | 2,382 | 2,416 | 2,691 | 3,449 | |
| Interest | 707 | 654 | 536 | 567 | 726 | 1,082 | 915 | 973 | 2,132 | 2,516 | 3,311 | 3,149 | 3,165 |
| Depreciation | 1,979 | 2,653 | 2,535 | 2,753 | 3,013 | 3,304 | 3,553 | 3,969 | 4,330 | 5,552 | 6,090 | 7,125 | 7,397 |
| Profit before tax | 4,154 | 5,777 | 9,021 | 9,202 | 9,339 | 1,573 | 14,247 | 8,204 | -11,915 | 19,153 | 9,621 | 22,907 | -365 |
| Tax % | 34% | 36% | 31% | 31% | 35% | -68% | 25% | 22% | -25% | 23% | 23% | 25% | |
| 2,733 | 3,726 | 6,209 | 6,357 | 6,029 | 2,637 | 10,664 | 6,383 | -8,974 | 14,694 | 7,365 | 17,175 | 1,278 | |
| EPS in Rs | 11.96 | 16.30 | 27.16 | 27.81 | 26.38 | 11.54 | 48.83 | 30.00 | -42.18 | 69.06 | 34.61 | 80.72 | 6.01 |
| Dividend Payout % | 30% | 31% | 49% | 41% | 40% | 56% | 31% | 31% | 0% | 30% | 30% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 14% |
| 3 Years: | 0% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 10% |
| 3 Years: | 58% |
| TTM: | -89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 8% |
| 3 Years: | 24% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 18% |
| 3 Years: | 30% |
| Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 339 | 339 | 1,016 | 1,524 | 1,524 | 1,524 | 1,452 | 1,419 | 1,419 | 1,419 | 2,128 | 2,128 |
| Reserves | 15,683 | 17,631 | 19,331 | 22,424 | 26,651 | 27,438 | 34,734 | 37,258 | 26,294 | 39,611 | 43,830 | 57,719 |
| 20,335 | 21,167 | 21,250 | 20,991 | 27,240 | 43,021 | 42,916 | 46,591 | 68,005 | 64,120 | 67,448 | 52,659 | |
| 31,193 | 30,442 | 36,882 | 41,878 | 48,432 | 42,035 | 52,205 | 64,940 | 59,395 | 68,643 | 72,814 | 81,389 | |
| Total Liabilities | 67,551 | 69,579 | 78,479 | 86,817 | 103,847 | 114,019 | 131,307 | 150,207 | 155,114 | 173,792 | 186,221 | 193,895 |
| 29,063 | 33,108 | 36,132 | 37,972 | 40,979 | 48,290 | 49,901 | 57,134 | 67,539 | 78,799 | 81,388 | 95,758 | |
| CWIP | 3,474 | 1,853 | 1,810 | 3,985 | 9,496 | 17,144 | 24,234 | 26,766 | 22,803 | 16,679 | 17,772 | 7,559 |
| Investments | 11,246 | 10,579 | 10,919 | 11,105 | 11,819 | 12,512 | 14,993 | 17,944 | 21,211 | 25,678 | 24,235 | 24,708 |
| 23,767 | 24,040 | 29,618 | 33,755 | 41,553 | 36,073 | 42,181 | 48,364 | 43,562 | 52,636 | 62,826 | 65,871 | |
| Total Assets | 67,551 | 69,579 | 78,479 | 86,817 | 103,847 | 114,019 | 131,307 | 150,207 | 155,114 | 173,792 | 186,221 | 193,895 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17,841 | 6,783 | 9,983 | 11,018 | 8,450 | 5,453 | 17,722 | 15,890 | -3,359 | 23,920 | 14,276 | 36,107 | |
| -3,291 | -4,354 | -5,310 | -7,391 | -11,383 | -14,166 | -12,728 | -12,565 | -10,933 | -13,412 | -10,282 | -11,436 | |
| -14,568 | -3,719 | -4,015 | -4,324 | 2,691 | 8,478 | -4,393 | -3,119 | 15,477 | -15,810 | -4,426 | -22,762 | |
| Net Cash Flow | -18 | -1,290 | 658 | -697 | -243 | -234 | 601 | 205 | 1,185 | -5,302 | -432 | 1,909 |
| Free Cash Flow | 13,775 | 2,089 | 4,131 | 4,328 | -2,807 | -8,331 | 6,545 | 5,126 | -12,082 | 14,329 | 5,582 | 28,375 |
| CFO/OP | 365% | 100% | 114% | 121% | 92% | 140% | 131% | 170% | 43% | 97% | 84% | 131% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 8 | 8 | 9 | 8 | 5 | 11 | 7 | 6 | 8 | 10 | 6 |
| Inventory Days | 25 | 31 | 42 | 35 | 30 | 28 | 52 | 40 | 25 | 32 | 35 | 37 |
| Days Payable | 17 | 22 | 28 | 29 | 25 | 17 | 30 | 30 | 20 | 26 | 27 | 29 |
| Cash Conversion Cycle | 14 | 17 | 21 | 15 | 12 | 17 | 33 | 17 | 11 | 14 | 18 | 14 |
| Working Capital Days | -3 | -8 | -35 | -29 | -25 | -34 | -38 | -28 | -29 | -33 | -35 | -29 |
| ROCE % | 12% | 17% | 24% | 23% | 20% | 6% | 20% | 11% | -11% | 22% | 12% | 23% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LPG Consumers Million |
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| LPG Distributors Nos. |
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| Pipeline Throughput MMT |
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| Refining Capacity Utilization % |
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| Refining Throughput (HPCL Standalone) MMT |
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| Retail Outlets Nos. |
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| Total Market Sales MMT |
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| Domestic Market Share in Petroleum Products % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
- N Baladhandayuthapani retires as Executive Director-Special Projects effective October 1, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
- SES ESG Research assigned Hindustan Petroleum an ESG rating; company says it did not engage the agency.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
- ESG rating updated by ESG Risk Assessments; HPCL says it underrepresents sustainability efforts.
- Closure of Trading Window
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
- Niche99 assigned HPCL an independent ESG rating of 55 on September 18, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026Transcript REC
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May 2026Transcript PPT
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Mar 2026REC
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Jan 2026Transcript PPT
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Oct 2025Transcript PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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May 2024REC
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May 2024PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023PPT
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May 2023PPT
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Mar 2023PPT
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Aug 2019PPT
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Jun 2019PPT
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Dec 2018PPT
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May 2018PPT
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Jun 2017PPT
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Aug 2016PPT
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Jul 2016PPT
Leadership
The company owns and manages India’s largest lubricant refinery and has the 2nd-largest retail network and LPG marketing presence. Additionally, it operates the 2nd-largest cross-country product pipeline network. [1] The company has a 13.44% market share in India’s total refining capacity and a 20.50% domestic market share in petroleum products. [2]