Chennai Petroleum Corporation Ltd logo

Chennai Petroleum Corporation Ltd

CHENNPETRO NSE

Key Fundamentals

SmallcapRefineries & MarketingPetroleum Products
Market Cap
₹21,357 Cr
Volatility
Moderate
P/E Ratio
5.07
EBITDA
₹4,823 Cr
Return on Equity
27.93%
Debt to Equity
0.18
Book Value
₹746.03
EPS
₹170.95
52W High
₹1,449
52W Low
₹620.85

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

5
  • Company has reduced debt.
  • Stock is providing a good dividend yield of 4.48%.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.4%
  • Company has been maintaining a healthy dividend payout of 31.5%

Growth Rate

Revenue Growth
7.28% ↘
Net Income Growth
1349.18% ↗
Cash Flow Change
117.76% ↗
ROE
970.11% ↗
ROCE
542.39% ↗
EBITDA Margin (Avg.)
332.57% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 7d ago
AI opinion · based on fundamentals
Risk high

Chennai Petroleum Corporation Ltd is a mid-cap PSU refiner with a market cap of ₹19,455 Cr trading at a PE of 4.4x. The company reported a sharp GRM decline to $4.22/bbl in FY25 from $8.64/bbl in FY24, but has seen a strong recovery to $9.28/bbl in FY26 with capacity utilisation reaching 112%. Its 5-year ROE averages 33% and debt-to-equity stands at approximately 0.18, reflecting a relatively deleveraged balance sheet.

Bull Case 8
  • Extremely low PE of 4.4x suggests the stock is pricing in cyclical trough earnings, offering potential re-rating if margins sustain
  • GRM recovered sharply to $9.28/bbl in FY26 from $4.22/bbl in FY25, with Q4 FY26 GRM surging to $13.75/bbl
  • 5-year average ROE of 33% and 3-year ROE of 23.4% indicate consistently high capital efficiency for a PSU refiner
  • Debt-to-equity ratio of approximately 0.18 reflects a substantially deleveraged balance sheet, reducing financial risk
  • Dividend yield of 5% with a healthy payout ratio of 31.5% provides income support during volatile refining cycles
  • Achieved highest-ever crude throughput of 11.71 million tonnes in FY26, operating at 112% capacity utilisation
  • Nagapattinam refinery expansion from 1 MTPA to 9 MTPA (₹31,500 Cr investment) and Manali expansion to 280,000 bpd offer long-term volume growth
  • Stock CAGR of 62% over 5 years and 49% over 3 years reflects strong momentum and re-rating by the market
Bear Case 8
  • GRM collapsed from $8.64/bbl in FY24 to $4.22/bbl in FY25, demonstrating extreme cyclicality and earnings vulnerability
  • 3-year compounded sales growth is negative at -6%, indicating revenue contraction over the medium term
  • 3-year compounded profit growth is -5%, showing that high TTM profit growth of 2380% is off a deeply depressed base
  • Refining margins are entirely dependent on global crack spreads which CPCL cannot control — Singapore benchmark GRM fell to $3.79/bbl in FY25
  • ₹31,500 Cr Nagapattinam expansion carries significant execution risk and will require substantial capital expenditure over 5-6 years
  • As a 51.9% IOC subsidiary, CPCL has limited strategic autonomy and is subject to government policy on fuel pricing and crude sourcing
  • TTM sales growth of 34% is largely price-driven rather than volume-driven, making it unsustainable if crude prices moderate
  • PSU refiners face structural risk from India's energy transition policies and growing EV adoption which may reduce long-term fuel demand

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 16h ago
Positives 3
  • PAT surges to ₹3,062 Cr FY26 Aug 1

    Chennai Petroleum posted FY26 PAT of ₹3,062 Cr on revenue of ₹78,611 Cr with record crude throughput of 11.71 MMT.

  • Record ₹54/share final dividend Aug 1

    CPCL declared a final dividend of ₹54 per share for FY26 with record date of August 7, 2026, and total dividend of ₹62/share including interim. AGM scheduled for August 24, 2026.

  • Q1FY27 profit turnaround to ₹1,017 Cr Jul 25

    Q1FY27 PAT of ₹1,016.67 Cr versus a loss of ₹56.62 Cr in Q1FY26, with revenue up 57.1% to ₹29,376.45 Cr on improved refining margins.

Neutral 1
  • Net Zero target by 2046 Aug 1

    CPCL's BRSR FY26 report outlines a net-zero operational emissions target by 2046 and details environmental compliance measures.

TL;DR: Chennai Petroleum is delivering strong results with record profitability, throughput, and shareholder returns. The Q1FY27 turnaround from a loss to over ₹1,000 Cr profit signals sustained refining margin recovery. No material headwinds are visible in recent news flow. The trend is clearly improving, though crude price volatility and margin cyclicality remain inherent sector risks to monitor.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
14,745
16,545
17,376
17,720
17,095
12,086
12,925
17,249
14,812
16,327
15,683
16,817
27,369
Expenses
13,795
14,740
16,696
16,678
16,432
12,761
12,683
16,464
14,714
15,183
14,205
14,781
25,814
Operating Profit
950
1,804
680
1,042
663
-675
242
785
99
1,144
1,478
2,036
1,555
OPM %
6%
11%
3.9%
6%
3.9%
-6%
1.9%
4.5%
0.7%
7%
9%
12%
6%
Other Income
10
10
8
19
19
19
15
32
26
23
43
43
32
Interest
57
65
50
51
48
52
79
66
37
34
33
16
52
Depreciation
147
157
151
151
150
153
153
150
151
152
157
150
155
PBT
756
1,593
486
859
484
-862
24
602
-64
982
1,331
1,913
1,380
Tax %
26%
25%
25%
27%
26%
-26%
15%
22%
-37%
27%
25%
26%
25%
Net Profit
556
1,195
365
628
357
-634
21
470
-40
719
1,002
1,422
1,031
EPS in Rs
37.37
80.28
24.53
42.17
23.98
-42.55
1.4
31.56
-2.69
48.3
67.26
95.48
69.26
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
41,899
25,716
27,522
32,370
41,113
36,973
22,222
43,068
76,271
66,024
58,983
63,148
76,197
Expenses
42,016
24,367
25,646
30,288
40,596
39,130
20,210
40,336
70,574
61,548
57,946
58,390
69,984
Operating Profit
-117
1,349
1,877
2,082
517
-2,157
2,012
2,732
5,698
4,476
1,038
4,757
6,213
OPM %
-0.3%
5%
7%
6%
1.3%
-6%
9%
6%
7%
7%
1.8%
8%
8%
Other Income
25
56
62
52
67
45
127
26
13
47
62
135
142
Interest
405
353
274
322
421
415
376
413
331
224
245
120
135
Depreciation
229
274
279
340
453
468
466
504
573
606
607
610
614
PBT
-727
778
1,386
1,473
-290
-2,995
1,296
1,841
4,806
3,694
249
4,162
5,606
Tax %
-95%
2%
24%
37%
-29%
-31%
80%
27%
27%
26%
14%
25%
—
Net Profit
-33
762
1,051
927
-205
-2,056
257
1,352
3,532
2,745
214
3,103
4,174
EPS in Rs
-2.23
51.14
70.57
62.27
-13.79
-138
17.28
90.79
237
184
14.38
208
280
Div. Payout %
0%
8%
30%
30%
0%
0%
0%
2%
11%
30%
35%
30%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
149
149
149
149
149
149
149
149
149
149
149
149
Reserves
1,594
2,320
3,292
3,848
3,308
1,210
1,462
2,838
6,326
8,672
8,058
10,960
Borrowings
5,399
4,567
5,501
4,491
6,668
8,698
9,167
9,238
4,260
2,786
3,117
1,964
Other Liabilities
3,959
3,430
2,681
5,851
4,013
2,818
3,487
5,298
5,345
6,768
5,785
7,011
Total Liabilities
11,101
10,465
11,623
14,339
14,138
12,875
14,265
17,523
16,079
18,375
17,109
20,085
Fixed Assets
4,102
4,119
3,883
5,914
6,977
7,034
7,142
6,967
7,637
7,506
7,325
7,182
CWIP
784
1,679
2,763
1,410
1,199
1,598
1,550
1,210
331
210
208
346
Investments
14
119
140
153
159
179
199
208
206
240
280
491
Other Assets
6,201
4,547
4,837
6,863
5,802
4,064
5,374
9,139
7,905
10,419
9,296
12,066
Total Assets
11,101
10,465
11,623
14,339
14,138
12,875
14,265
17,523
16,079
18,375
17,109
20,085
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,083
2,292
609
2,757
-144
-620
452
1,026
5,749
2,694
1,352
2,945
Investing
-480
-1,142
-1,169
-969
-1,273
-963
-548
-676
-403
-589
-649
-930
Financing
-609
-1,152
561
-1,788
1,417
1,583
97
-343
-5,354
-2,106
-519
-1,294
Net Cash Flow
-6
-1
0
0
0
0
1
7
-7
-1
184
721
Free Cash Flow
596
1,129
-582
1,766
-1,452
-1,607
-116
326
5,331
2,092
667
2,045
CFO/OP
-931
172
48
150
-21
27
23
38
119
81
130
82
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
16
11
14
18
3
1
3
2
1
3
1
1
Inventory Days
35
50
48
60
45
23
87
71
32
48
42
53
Days Payable
29
39
25
56
23
15
36
30
16
26
20
25
Cash Conversion Cycle
22
22
37
22
26
9
54
43
17
24
23
29
Working Capital Days
-20
-22
-14
-26
-29
-54
-70
-22
5
9
-2
10
ROCE %
—
16%
21%
21%
1%
-26%
16%
20%
45%
35%
4%
35%

Shareholding Pattern

As of Jun 2026
Promoters 67.29%
FIIs 14.99%
Public 13.64%
Others 3.08%
DIIs 1.01%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Promoters
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
67.29%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.69%
15.86%
15.78%
16.17%
11.08%
10.58%
8.79%
12.87%
12.59%
14.99%
DIIs
6.55%
7.19%
6.73%
5.84%
5.36%
2.67%
3.29%
3.25%
3.40%
1.96%
1.76%
1.25%
0.75%
0.80%
0.30%
1.81%
2.24%
2.48%
1.02%
2.11%
1.01%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
17.86%
15.95%
17.24%
17.51%
16.95%
19.54%
21.07%
21.36%
18.46%
18.79%
15.95%
13.74%
13.52%
13.45%
13.70%
16.62%
16.77%
18.03%
15.27%
14.72%
13.64%
Others
8.31%
9.57%
8.74%
9.36%
10.41%
10.50%
8.35%
8.10%
10.84%
11.95%
15.00%
3.03%
2.59%
2.69%
2.54%
3.21%
3.12%
3.41%
3.55%
3.30%
3.08%
No. of Shareholders
0
85,027
83,183
85,863
86,694
82,407
94,373
1,07,357
1,08,330
98,284
1,01,030
99,496
1,06,619
1,17,204
1,42,073
1,85,505
2,06,734
2,01,668
1,64,969
1,54,303
1,49,620

Documents

Frequently Asked Questions about Chennai Petroleum Corporation Ltd

What does Chennai Petroleum Corporation Ltd do?
Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.[1]
Where is Chennai Petroleum Corporation Ltd (CHENNPETRO) listed?
Chennai Petroleum Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: CHENNPETRO and BSE: 500110. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Chennai Petroleum Corporation Ltd belong to?
Chennai Petroleum Corporation Ltd operates in the Petroleum Products sector within the Refineries & Marketing industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Chennai Petroleum Corporation Ltd?
Chennai Petroleum Corporation Ltd has a market capitalisation of approximately ₹21356.87 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Chennai Petroleum Corporation Ltd?
The Price-to-Earnings (PE) ratio of Chennai Petroleum Corporation Ltd is 5.07. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Chennai Petroleum Corporation Ltd?
Over the past 52 weeks, Chennai Petroleum Corporation Ltd has traded between a low of ₹620.85 and a high of ₹1,449. This range helps investors understand the stock's price volatility and recent trading levels.
Does Chennai Petroleum Corporation Ltd pay dividends?
Yes, Chennai Petroleum Corporation Ltd has a dividend yield of 4.48%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Chennai Petroleum Corporation Ltd?
Chennai Petroleum Corporation Ltd has a Return on Equity (ROE) of 27.93%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Chennai Petroleum Corporation Ltd on Tapetide?
On Tapetide, you can view Chennai Petroleum Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.[1]

Website cpcl.co.in
CEO Mr. H. Shankar
Employees 1,413
Listed 2000-06-07
Face Value ₹ 10
Issued Size 14,89,11,400

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