HPCL

₹263 -2.7 | 1%

WEBSITE BSE:500104 NSE : HIND.PETRO 09 Jun, 13:47

Market Cap ₹37301 Cr.

Stock P/E -5.3

P/B 1.2

Current Price ₹263

Book Value ₹ 227.4

Face Value 10

52W High ₹278.4

Dividend Yield 5.32%

52W Low ₹ 200

Edit Ratio

HPCL Research see more...

Overview Inc. Year: 1952Industry: Refineries

Hindustan Petroleum Corporation Limited is engaged in the business of refining of crude oil and advertising and marketing of petroleum products, production of hydrocarbons and offering services for management of exploration and manufacturing (E&P) blocks, technology of power and operating LNG regasification terminal (below production section). Its segments comprises Downstream Petroleum, that is engaged in refining and advertising of petroleum products; and All other segments, which is engaged in E&P of hydrocarbons and production sugar and ethanol. Its organizations include HP refineries, HP retail (petrol bunk), HP Gas (LPG), HP lubricants, HP aviation, HP direct income, HP projects and pipeline, HP resources, operations, and distribution, HP international exchange, HP natural gasoline and renewables, HP petrochemicals and HP studies and improvement. It exports numerous petroleum products from its refineries, which consist of gas oil, naphtha, high Sulphur gasoil and high Sulphur fuel.

HPCL Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

HPCL Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	77483	85265	77634	87654	103489	105350	121496	114217	116211	114573
Other Income	842	490	347	431	478	1183	333	280	274	578
Total Income	78325	85755	77980	88085	103967	106534	121830	114498	116486	115152
Total Expenditure	74186	80528	74440	84628	101637	103178	133993	115732	114537	109444
Operating Profit	4139	5227	3540	3458	2330	3356	-12163	-1235	1948	5708
Interest	132	225	259	159	244	335	340	603	693	537
Depreciation	894	965	927	960	1035	1079	1106	1094	1123	1238
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3113	4037	2354	2339	1051	1941	-13609	-2931	132	3933
Provision for Tax	796	1009	651	438	276	485	-3374	-712	-23	1105
Profit After Tax	2317	3028	1704	1901	775	1457	-10235	-2220	155	2829
Adjustments	57	32	300	18	578	562	1678	-256	289	780
Profit After Adjustments	2374	3061	2004	1919	1353	2018	-8557	-2476	444	3608
Adjusted Earnings Per Share	15.8	21.1	14.1	13.5	9.5	14.2	-60.3	-17.5	3.1	25.4

HPCL Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	185284	216145	234237	216648	177910	187493	219510	275491	269092	233248	349913	466497
Other Income	1050	1360	1431	2597	1083	1384	1559	1453	1682	2644	2439	1465
Total Income	186334	217505	235668	219246	178993	188877	221069	276944	270773	235892	352352	467966
Total Expenditure	181063	212761	228963	212677	169631	176613	208828	263963	263429	217245	339669	473706
Operating Profit	5271	4745	6705	6568	9362	12264	12241	12980	7344	18647	12683	-5742
Interest	2482	1773	2393	1841	723	609	618	786	1139	963	997	2173
Depreciation	1922	2365	3011	2497	2846	2776	2834	3085	3370	3625	4000	4561
Exceptional Income / Expenses	0	275	23	0	0	0	0	0	-1003	0	0	0
Profit Before Tax	867	882	1325	2231	6735	11197	10110	10039	1374	14197	9144	-12475
Provision for Tax	691	381	245	742	2060	2962	2892	3349	-1264	3534	1849	-3004
Profit After Tax	176	500	1080	1489	4675	8236	7218	6691	2639	10663	7294	-9471
Adjustments	-1	1	1	10	0	0	0	0	0	0	0	2491
Profit After Adjustments	175	501	1080	1499	4675	8236	7218	6691	2639	10663	7294	-6981
Adjusted Earnings Per Share	1.1	3.3	7.1	9.8	30.7	54	47.4	43.9	17.3	73.4	51.4	-49.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	50%	8%	13%	7%
Operating Profit CAGR	-32%	-1%	1%	9%
PAT CAGR	-32%	3%	-2%	45%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	10%	8%	-4%	16%
ROE Average	18%	19%	23%	19%
ROCE Average	12%	12%	16%	14%

HPCL Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	13241	13593	13999	13924	16664	21071	25532	30401	30981	38081	41404
Minority's Interest	2	1	4	114	0	0	0	0	0	0	0
Borrowings	13844	17620	26143	28536	11359	7118	9656	12128	23110	25049	32115
Other Non-Current Liabilities	9374	10529	11273	11995	14625	6357	6920	7608	5772	8629	9669
Total Current Liabilities	49117	50532	45577	31175	26905	45773	47563	57210	57048	62414	71440
Total Liabilities	85579	92276	96996	85745	69553	80319	89672	107346	116910	134174	154628
Fixed Assets	31858	35736	38966	45425	34086	36876	38695	41642	48952	50912	58126
Other Non-Current Assets	11711	12259	8445	6209	7675	10377	14444	22215	30338	39077	46752
Total Current Assets	41909	44149	49417	33957	27791	33066	36533	43490	37620	44185	49750
Total Assets	85579	92276	96996	85745	69553	80319	89672	107346	116910	134174	154628

HPCL Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	93	308	-654	1865	-1069	-2364	-1652	-2436	-2665	-2912	-2071
Cash Flow from Operating Activities	517	1715	7007	19410	6651	10254	11037	8554	5469	17829	15810
Cash Flow from Investing Activities	-7133	-5255	-5152	-5667	-4272	-5304	-7398	-11382	-14168	-12279	-13745
Cash Flow from Financing Activities	6831	2577	-1256	-14699	-3674	-4239	-4423	2598	8452	-4709	-2066
Net Cash Inflow / Outflow	215	-962	600	-956	-1295	712	-784	-230	-247	841	-1
Closing Cash & Cash Equivalent	308	-654	-55	908	-2364	-1652	-2436	-2665	-2912	-2071	-2072

HPCL Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	1.15	3.29	7.09	9.83	30.68	54.05	47.37	43.91	17.32	73.43	51.42
CEPS(Rs)	13.77	18.8	26.84	26.15	49.35	72.27	65.97	64.15	39.43	98.4	79.62
DPS(Rs)	8.5	8.5	15.5	24.5	34.5	30	17	15.9	9.75	22.75	14
Book NAV/Share(Rs)	85.35	86.79	90.76	88.31	109.35	138.28	167.55	199.5	203.31	262.26	291.87
Core EBITDA Margin(%)	2.15	1.49	2.15	1.72	4.14	5.03	4.33	3.84	1.95	5.87	2.72
EBIT Margin(%)	1.71	1.17	1.51	1.77	3.73	5.46	4.35	3.61	0.87	5.56	2.69
Pre Tax Margin(%)	0.44	0.39	0.54	0.97	3.37	5.18	4.1	3.35	0.47	5.2	2.43
PAT Margin (%)	0.09	0.22	0.44	0.65	2.34	3.81	2.93	2.23	0.91	3.91	1.94
Cash Profit Margin (%)	1.07	1.26	1.66	1.73	3.76	5.09	4.08	3.26	2.07	5.24	3
ROA(%)	0.23	0.56	1.14	1.63	6.02	10.99	8.49	6.79	2.35	8.49	5.05
ROE(%)	1.34	3.82	7.98	10.91	31.04	43.65	30.98	23.92	8.6	30.88	18.35
ROCE(%)	6.86	4.72	6.14	7.26	16.72	28.79	23.66	20.41	3.76	19.72	12.28
Receivable days	7.12	7.76	8.84	8.21	7.17	6.64	7.17	6.85	6.04	7.23	6.4
Inventory Days	37.56	35.07	33.86	32.41	26.86	27	27.57	23.77	25.02	32.17	31.13
Payable days	28.18	27.24	24.8	25.22	25.77	24.76	26.76	24.24	21.18	25.56	24.42
PER(x)	58.79	19.26	9.71	14.69	5.69	6.48	7.27	6.46	10.98	3.19	5.24
Price/Book(x)	0.79	0.73	0.76	1.64	1.6	2.53	2.05	1.42	0.94	0.89	0.92
Dividend Yield(%)	2.8	2.98	5	3.77	4.39	5.71	4.94	5.61	5.13	9.7	5.2
EV/Net Sales(x)	0.27	0.25	0.24	0.26	0.27	0.4	0.33	0.26	0.27	0.32	0.24
EV/Core EBITDA(x)	9.43	11.49	8.4	8.63	5.19	6.15	5.97	5.48	9.91	3.98	6.54
Net Sales Growth(%)	33.55	16.66	8.37	-7.51	-17.88	5.39	17.08	25.5	-2.32	-13.32	50.02
EBIT Growth(%)	-5.16	-20.71	40.04	9.52	83.17	58.3	-9.14	0.9	-76.78	503.24	-33.11
PAT Growth(%)	-89.66	184.43	115.71	37.91	213.98	76.18	-12.36	-7.31	-60.56	304.09	-31.59
EPS Growth(%)	-89.75	187.03	115.52	38.71	211.94	76.18	-12.36	-7.31	-60.56	324.07	-29.98
Debt/Equity(x)	3.09	3.46	3.47	2.74	1.33	1.05	0.86	0.93	1.42	1.07	1.09
Current Ratio(x)	0.85	0.87	1.08	1.09	1.03	0.72	0.77	0.76	0.66	0.71	0.7
Quick Ratio(x)	0.39	0.46	0.54	0.57	0.54	0.32	0.38	0.4	0.32	0.25	0.2
Interest Cover(x)	1.35	1.5	1.55	2.21	10.31	19.38	17.36	13.78	2.21	15.74	10.17
Total Debt/Mcap(x)	3.91	4.74	4.58	1.68	0.83	0.41	0.42	0.65	1.52	1.19	1.18

HPCL Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	51.57	53.5	54.9	54.9	54.9	54.9	54.9	54.9	54.9	54.9
FII	15.92	16.33	17.84	18.29	20.19	19.9	18.21	16.73	15.65	14.36
DII	20.8	18.92	16.27	15.93	15.13	15.08	16.42	17.99	19.62	21.41
Public	11.71	11.25	10.98	10.88	9.78	10.11	10.47	10.38	9.82	9.33
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	77.88	77.88	77.88	77.88	77.88	77.88	77.88	77.88	77.88	77.88
FII	24.05	23.77	25.31	25.94	28.63	28.23	25.83	23.73	22.21	20.37
DII	31.42	27.55	23.09	22.6	21.46	21.4	23.29	25.52	27.83	30.37
Public	17.68	16.38	15.57	15.43	13.88	14.34	14.85	14.72	13.93	13.23
Others	0	0	0	0	0	0	0	0	0	0
Total	151.04	145.58	141.85	141.85	141.85	141.85	141.85	141.85	141.85	141.85

Pros

Debtor days have improved from 25.56 to 24.42days.

Cons

The company has delivered a poor profit growth of -2% over past five 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.