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 ₹ 96,390 Cr.
- Current Price ₹ 453
- High / Low ₹ 508 / 288
- Stock P/E 6.90
- Book Value ₹ 267
- Dividend Yield 2.34 %
- ROCE 10.5 %
- ROE 13.8 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 20.4%
Cons
- The company has delivered a poor sales growth of 10.0% over past five years.
- Company has a low return on equity of 12.6% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 234,237 | 216,648 | 177,910 | 187,493 | 219,510 | 275,491 | 269,092 | 233,248 | 349,913 | 440,709 | 433,857 | 434,106 | 431,922 | |
| 228,875 | 211,916 | 169,575 | 176,607 | 208,732 | 263,963 | 263,887 | 217,194 | 339,669 | 447,916 | 408,929 | 417,658 | 406,319 | |
| Operating Profit | 5,363 | 4,733 | 8,335 | 10,886 | 10,778 | 11,527 | 5,204 | 16,055 | 10,244 | -7,207 | 24,928 | 16,448 | 25,603 |
| OPM % | 2% | 2% | 5% | 6% | 5% | 4% | 2% | 7% | 3% | -2% | 6% | 4% | 6% |
| 1,366 | 1,836 | 1,970 | 3,697 | 2,785 | 2,383 | 679 | 2,731 | 3,897 | 3,957 | 3,725 | 2,072 | 2,608 | |
| Interest | 2,393 | 1,841 | 723 | 609 | 618 | 786 | 1,139 | 963 | 997 | 2,174 | 2,556 | 3,365 | 3,329 |
| Depreciation | 3,011 | 2,497 | 2,846 | 2,776 | 2,834 | 3,085 | 3,370 | 3,625 | 4,000 | 4,560 | 5,596 | 6,154 | 6,357 |
| Profit before tax | 1,325 | 2,231 | 6,735 | 11,197 | 10,110 | 10,039 | 1,374 | 14,197 | 9,144 | -9,984 | 20,500 | 9,000 | 18,524 |
| Tax % | 19% | 33% | 31% | 26% | 29% | 33% | -92% | 25% | 20% | -30% | 22% | 25% | |
| 1,080 | 1,489 | 4,675 | 8,236 | 7,218 | 6,691 | 2,639 | 10,663 | 7,294 | -6,980 | 16,015 | 6,736 | 13,929 | |
| EPS in Rs | 4.73 | 6.56 | 20.45 | 36.03 | 31.58 | 29.27 | 11.54 | 48.83 | 34.28 | -32.80 | 75.26 | 31.66 | 65.46 |
| Dividend Payout % | 49% | 55% | 25% | 37% | 36% | 36% | 56% | 31% | 27% | 0% | 28% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 15% |
| 3 Years: | -2% |
| TTM: | 232% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 24% |
| 3 Years: | 39% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 17% |
| 3 Years: | 13% |
| Last Year: | 14% |
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 | 339 | 339 | 339 | 1,016 | 1,524 | 1,524 | 1,524 | 1,452 | 1,419 | 1,419 | 1,419 | 2,128 | 2,128 |
| Reserves | 13,660 | 13,585 | 16,325 | 20,055 | 24,008 | 28,876 | 29,456 | 36,628 | 39,985 | 30,844 | 45,502 | 49,016 | 54,761 |
| 47,995 | 36,916 | 22,160 | 22,130 | 21,952 | 28,192 | 44,001 | 43,709 | 48,498 | 70,671 | 66,684 | 70,558 | 63,095 | |
| 35,002 | 34,905 | 30,729 | 37,127 | 42,197 | 48,762 | 41,935 | 52,438 | 64,774 | 59,034 | 69,188 | 73,067 | 73,905 | |
| Total Liabilities | 96,996 | 85,745 | 69,553 | 80,329 | 89,681 | 107,354 | 116,918 | 134,228 | 154,676 | 161,968 | 182,794 | 194,770 | 193,889 |
| 38,966 | 45,425 | 34,086 | 36,876 | 38,695 | 41,642 | 48,952 | 50,912 | 58,126 | 68,387 | 79,763 | 86,179 | 86,010 | |
| CWIP | 6,157 | 3,950 | 1,914 | 1,867 | 4,011 | 9,519 | 17,170 | 25,336 | 28,907 | 25,607 | 20,078 | 17,967 | 18,889 |
| Investments | 5,691 | 6,113 | 9,185 | 11,773 | 12,882 | 14,297 | 14,396 | 15,093 | 18,867 | 23,689 | 29,540 | 27,046 | 27,233 |
| 46,183 | 30,257 | 24,368 | 29,811 | 34,094 | 41,896 | 36,400 | 42,887 | 48,775 | 44,284 | 53,413 | 63,577 | 61,757 | |
| Total Assets | 96,996 | 85,745 | 69,553 | 80,329 | 89,681 | 107,354 | 116,918 | 134,228 | 154,676 | 161,968 | 182,794 | 194,770 | 193,889 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,007 | 19,410 | 6,651 | 10,254 | 11,037 | 8,554 | 5,469 | 17,829 | 15,810 | -3,466 | 23,852 | 14,228 | |
| -5,152 | -5,667 | -4,272 | -5,304 | -7,398 | -11,382 | -14,168 | -12,279 | -13,745 | -11,384 | -13,019 | -10,557 | |
| -1,256 | -14,699 | -3,674 | -4,239 | -4,423 | 2,598 | 8,452 | -4,709 | -2,066 | 16,025 | -16,155 | -4,138 | |
| Net Cash Flow | 600 | -956 | -1,295 | 712 | -784 | -230 | -247 | 841 | -1 | 1,175 | -5,322 | -467 |
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 | 10 | 7 | 8 | 8 | 9 | 8 | 5 | 11 | 7 | 6 | 8 | 10 |
| Inventory Days | 42 | 29 | 31 | 42 | 35 | 30 | 29 | 53 | 40 | 25 | 32 | 35 |
| Days Payable | 25 | 23 | 22 | 28 | 30 | 25 | 17 | 30 | 30 | 20 | 26 | 28 |
| Cash Conversion Cycle | 27 | 13 | 17 | 21 | 15 | 12 | 17 | 33 | 17 | 11 | 14 | 18 |
| Working Capital Days | -5 | -8 | -9 | -35 | -29 | -25 | -34 | -38 | -29 | -30 | -33 | -35 |
| ROCE % | 6% | 7% | 17% | 29% | 24% | 20% | 5% | 19% | 12% | -8% | 21% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - HPCL schedules Q3 FY26 earnings conference call Jan 22, 2026 11:00 IST.
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Board Meeting Intimation for Considering Inter-Alia, The Un-Audited Financial Results Of The Company For The Quarter Ended December 31, 2025
1d - Board meeting Jan 21, 2026 to consider unaudited results for quarter ended Dec 31, 2025; trading window closed Jan 23.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - RTA confirms compliance with Regulation 74(5) for quarter ended 31-Dec-2025.
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Commissioning Of Residue Upgradation Facility With World'S First LC-Max Unit At HPCL Visakh Refinery
3 Jan - Commissioning of 3.55 MMTPA Residue Upgradation Facility at 15 MMTPA Visakh Refinery, improving yields ~10%, NCI 11.6.
- Closure of Trading Window 26 Dec
Annual reports
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Financial Year 2025
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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 2011
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Concalls
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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 2024TranscriptAI SummaryPPT REC
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May 2024TranscriptAI SummaryPPTREC
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Nov 2023Transcript PPT REC
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Mar 2023TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Dec 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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Jul 2016TranscriptAI SummaryPPT
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]