Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd

₹ 239 -1.59%
24 Mar - close price
About

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]

Key Points

Refineries Capacity
Total Capacity- ~21.5 MMTPA
Refinery Locations :
Mumbai - 7.5 MMTPA
Visakhapatnam - 8.3 MMTPA
Bathinda - 5.65 MMTPA*

*Co. owns 50% stake in a refinery located in Bathinda, Punjab with a capacity of 11.3 MMTPA.[1]

  • Market Cap 33,882 Cr.
  • Current Price 239
  • High / Low 307 / 200
  • Stock P/E
  • Book Value 198
  • Dividend Yield 5.86 %
  • ROCE 11.6 %
  • ROE 18.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 38.2%

Cons

  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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

Sector: Refineries Industry: Refineries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
70,820 66,255 37,782 51,832 68,729 74,905 72,491 83,118 96,669 97,635 114,502 108,462 109,688
68,807 67,125 33,979 48,224 65,432 70,168 69,298 80,306 95,012 95,463 126,998 110,233 108,014
Operating Profit 2,013 -870 3,803 3,608 3,297 4,737 3,194 2,813 1,657 2,172 -12,496 -1,771 1,674
OPM % 3% -1% 10% 7% 5% 6% 4% 3% 2% 2% -11% -2% 2%
555 -598 533 1,386 899 522 647 663 1,251 1,745 2,011 280 564
Interest 267 351 334 272 132 225 259 159 244 335 340 603 693
Depreciation 881 834 883 883 894 965 927 960 1,035 1,079 1,106 1,094 1,123
Profit before tax 1,420 -2,653 3,120 3,838 3,170 4,070 2,655 2,356 1,629 2,503 -11,931 -3,187 422
Tax % 28% 99% 28% 22% 25% 25% 25% 19% 17% 19% 28% 22% -5%
Net Profit 1,027 -28 2,253 2,976 2,374 3,061 2,004 1,919 1,353 2,018 -8,557 -2,476 444
EPS in Rs 6.74 -0.18 14.78 19.53 15.84 21.02 14.13 13.53 9.54 14.23 -60.32 -17.45 3.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
138,742 185,284 216,355 234,237 216,648 177,910 187,493 219,510 275,491 269,092 233,248 349,913 430,288
134,674 180,951 212,740 228,875 211,916 169,575 176,607 208,732 263,963 263,887 217,194 339,669 440,708
Operating Profit 4,068 4,333 3,614 5,363 4,733 8,335 10,886 10,778 11,527 5,204 16,055 10,244 -10,421
OPM % 3% 2% 2% 2% 2% 5% 6% 5% 4% 2% 7% 3% -2%
961 937 1,405 1,366 1,836 1,970 3,697 2,785 2,383 679 2,731 3,897 4,601
Interest 919 2,481 1,773 2,393 1,841 723 609 618 786 1,139 963 997 1,972
Depreciation 1,498 1,922 2,365 3,011 2,497 2,846 2,776 2,834 3,085 3,370 3,625 4,000 4,402
Profit before tax 2,612 867 882 1,325 2,231 6,735 11,197 10,110 10,039 1,374 14,197 9,144 -12,194
Tax % 35% 80% 43% 19% 33% 31% 26% 29% 33% -92% 25% 20%
Net Profit 1,702 176 500 1,080 1,489 4,675 8,236 7,218 6,691 2,639 10,663 7,294 -8,570
EPS in Rs 11.18 1.15 3.29 7.09 9.84 30.68 54.05 47.37 43.91 17.32 73.24 51.42 -60.41
Dividend Payout % 28% 165% 57% 49% 55% 25% 37% 36% 36% 56% 31% 27%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 8%
TTM: 32%
Compounded Profit Growth
10 Years: 44%
5 Years: -3%
3 Years: 2%
TTM: -203%
Stock Price CAGR
10 Years: 14%
5 Years: -6%
3 Years: 10%
1 Year: -12%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 20%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
339 339 339 339 339 339 1,016 1,524 1,524 1,524 1,452 1,419 1,419
Reserves 12,943 12,902 13,254 13,660 13,585 16,325 20,055 24,008 28,876 29,456 36,628 39,985 26,659
31,124 40,169 45,737 47,995 36,916 22,160 22,130 21,952 28,192 44,001 43,709 48,498 74,332
25,512 32,169 32,946 35,002 34,905 30,729 37,127 42,197 48,762 41,935 52,438 64,773 55,793
Total Liabilities 69,918 85,579 92,276 96,996 85,745 69,553 80,329 89,681 107,354 116,918 134,228 154,675 158,203
19,617 31,858 35,736 38,966 45,425 33,678 36,876 38,695 41,642 48,952 50,912 58,126 58,544
CWIP 12,168 6,127 6,565 6,157 3,950 1,914 1,867 4,011 9,519 17,170 25,336 28,907 30,702
Investments 8,104 6,958 6,428 5,691 6,113 9,185 11,773 12,882 14,297 14,396 15,093 18,867 21,540
30,029 40,636 43,547 46,183 30,257 24,776 29,811 34,094 41,896 36,400 42,887 48,775 47,417
Total Assets 69,918 85,579 92,276 96,996 85,745 69,553 80,329 89,681 107,354 116,918 134,228 154,675 158,203

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
825 517 1,715 7,007 19,410 6,651 10,254 11,037 8,554 5,469 17,829 15,810
-6,153 -7,133 -5,255 -5,152 -5,667 -4,272 -5,304 -7,398 -11,382 -14,168 -12,279 -13,745
4,744 6,831 2,577 -1,256 -14,699 -3,674 -4,239 -4,423 2,598 8,452 -4,709 -2,066
Net Cash Flow -584 215 -962 600 -956 -1,295 712 -784 -230 -247 841 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 9 8 9 10 7 8 8 9 8 5 11 7
Inventory Days 50 49 38 42 29 31 42 35 30 29 53 40
Days Payable 31 33 26 25 23 22 28 30 25 17 30 30
Cash Conversion Cycle 28 24 21 27 13 17 21 15 12 17 33 17
Working Capital Days 22 25 27 28 -1 -1 -14 -11 -7 -12 -13 -15
ROCE % 9% 7% 4% 6% 7% 17% 29% 24% 20% 5% 19% 12%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
51.11 51.11 51.11 51.57 53.50 54.90 54.90 54.90 54.90 54.90 54.90 54.90
17.72 16.07 15.49 15.92 16.33 17.84 18.29 20.19 19.90 18.21 16.74 15.65
21.66 23.61 22.29 20.81 18.92 16.28 15.93 15.12 15.09 16.41 17.98 19.63
9.51 9.21 11.11 11.71 11.25 10.98 10.88 9.78 10.11 10.47 10.37 9.81

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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