Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation is engaged, primarily in the business of refining of crude oil and marketing of petroleum products. The Corporation has, among others, refineries at Mumbai and Vishakhapatnam, LPG bottling plants and Lube blending plants. The Corporations marketing infrastructure includes vast network of Installations, Depots, Aviation Service Stations, Retail Outlets and LPG distributors.(Source : 202003 Annual Report Page No:148)
- Market Cap ₹ 33,994 Cr.
- Current Price ₹ 234
- High / Low ₹ 259 / 163
- Stock P/E 3.96
- Book Value ₹ 239
- Dividend Yield 4.18 %
- ROCE 5.23 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.98 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.19%
- Company has been maintaining a healthy dividend payout of 42.81%
- Promoter holding has increased by 1.93% over last quarter.
Cons
- The company has delivered a poor sales growth of 4.43% over past five years.
- Tax rate seems low
- Company might be capitalizing the interest cost
Peer comparison
Sector: Refineries Industry: Refineries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
129,243 | 111,128 | 138,742 | 185,284 | 216,355 | 234,237 | 216,648 | 177,910 | 187,493 | 219,510 | 275,491 | 269,092 | 224,598 | |
126,053 | 108,307 | 134,675 | 180,951 | 212,789 | 228,911 | 211,944 | 169,575 | 176,613 | 208,732 | 263,963 | 263,907 | 214,760 | |
Operating Profit | 3,190 | 2,821 | 4,068 | 4,333 | 3,566 | 5,326 | 4,704 | 8,335 | 10,880 | 10,778 | 11,527 | 5,184 | 9,838 |
OPM % | 2% | 3% | 3% | 2% | 2% | 2% | 2% | 5% | 6% | 5% | 4% | 2% | 4% |
Other Income | 1,000 | 1,782 | 961 | 937 | 1,454 | 1,403 | 1,865 | 1,970 | 3,703 | 2,785 | 2,383 | 699 | 2,220 |
Interest | 2,112 | 932 | 919 | 2,481 | 1,773 | 2,393 | 1,841 | 723 | 609 | 618 | 786 | 1,139 | 1,089 |
Depreciation | 1,066 | 1,251 | 1,498 | 1,922 | 2,365 | 3,011 | 2,497 | 2,846 | 2,776 | 2,834 | 3,085 | 3,370 | 3,495 |
Profit before tax | 1,012 | 2,421 | 2,612 | 867 | 882 | 1,325 | 2,231 | 6,735 | 11,197 | 10,110 | 10,039 | 1,374 | 7,474 |
Tax % | 25% | 39% | 35% | 80% | 43% | 19% | 33% | 31% | 26% | 29% | 33% | -92% | |
Net Profit | 757 | 1,477 | 1,704 | 175 | 501 | 1,080 | 1,499 | 4,675 | 8,236 | 7,218 | 6,691 | 2,639 | 7,575 |
EPS in Rs | 4.97 | 9.69 | 11.18 | 1.15 | 3.29 | 7.09 | 9.84 | 30.68 | 54.05 | 47.37 | 43.91 | 17.32 | 49.97 |
Dividend Payout % | 23% | 28% | 28% | 165% | 57% | 49% | 55% | 25% | 37% | 36% | 36% | 56% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 4% |
3 Years: | 13% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 18% |
3 Years: | -25% |
TTM: | 43% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 4% |
3 Years: | -9% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 26% |
3 Years: | 21% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 1,016 | 1,524 | 1,524 | 1,524 | 1,524 | |
Reserves | 10,802 | 11,799 | 12,941 | 12,769 | 13,020 | 13,660 | 13,585 | 16,325 | 20,055 | 24,008 | 28,876 | 29,456 | 33,306 |
Borrowings | 24,061 | 24,336 | 31,124 | 40,169 | 45,737 | 47,995 | 36,916 | 22,160 | 22,130 | 21,952 | 28,192 | 44,001 | 30,495 |
14,158 | 20,491 | 25,513 | 32,302 | 33,181 | 35,002 | 34,905 | 30,729 | 37,127 | 42,197 | 48,762 | 41,932 | 55,519 | |
Total Liabilities | 49,361 | 56,965 | 69,918 | 85,579 | 92,276 | 96,996 | 85,745 | 69,553 | 80,329 | 89,681 | 107,354 | 116,914 | 120,844 |
12,662 | 16,244 | 19,617 | 31,858 | 35,736 | 38,966 | 45,425 | 33,678 | 36,876 | 38,695 | 41,642 | 48,952 | 48,622 | |
CWIP | 6,455 | 8,917 | 12,168 | 6,127 | 6,565 | 6,157 | 3,950 | 1,914 | 1,867 | 4,011 | 9,519 | 17,170 | 19,850 |
Investments | 12,827 | 9,617 | 8,104 | 6,958 | 6,428 | 5,691 | 6,113 | 9,185 | 11,773 | 12,882 | 14,297 | 14,396 | 14,699 |
17,417 | 22,188 | 30,029 | 40,636 | 43,547 | 46,183 | 30,257 | 24,776 | 29,811 | 34,094 | 41,896 | 36,397 | 37,673 | |
Total Assets | 49,361 | 56,965 | 69,918 | 85,579 | 92,276 | 96,996 | 85,745 | 69,553 | 80,329 | 89,681 | 107,354 | 116,914 | 120,844 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6,177 | 4,692 | 825 | 517 | 1,715 | 7,007 | 19,410 | 6,651 | 10,254 | 11,037 | 8,554 | 5,469 | |
-9,709 | -4,963 | -6,153 | -7,133 | -5,255 | -5,152 | -5,667 | -4,272 | -5,304 | -7,398 | -11,382 | -14,168 | |
4,220 | -21 | 4,744 | 6,831 | 2,577 | -1,256 | -14,699 | -3,674 | -4,239 | -4,423 | 2,598 | 8,452 | |
Net Cash Flow | 688 | -291 | -584 | 215 | -962 | 600 | -956 | -1,295 | 712 | -784 | -230 | -247 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 10% | 10% | 9% | 7% | 4% | 6% | 7% | 17% | 29% | 24% | 20% | 5% |
Debtor Days | 7 | 9 | 9 | 8 | 9 | 10 | 7 | 8 | 8 | 9 | 8 | 5 |
Inventory Turnover | 11.04 | 9.10 | 8.38 | 8.56 | 9.22 | 9.50 | 9.77 | 10.74 | 10.27 | 10.49 | 12.76 | 12.46 |
Documents
Recent announcements
- Format of the Annual Disclosure to be made by an entity identified as a Large Corporate 15h
- Format of Initial Disclosure to be made by an entity identified as a Large Corporate 16h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Shareholding for the Period Ended March 31, 2021 15 Apr
- Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017) 12 Apr
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Annual reports
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