Hindustan Petroleum Corporation Ltd
HINDPETRO NSE
Hindustan Petroleum Corporation Ltd
Petroleum Products F&ONSE: HINDPETRO BSE: 500104 Refineries & Marketing
Key Fundamentals
MidcapRefineries & MarketingPetroleum ProductsMarket Cap
₹78,953 Cr
Volatility
Moderate
P/E Ratio
46.62
EBITDA
₹32,889 Cr
Return on Equity
27.53%
Debt to Equity
0.85
Book Value
₹308.09
EPS
₹46.45
52W High
₹508.45
52W Low
₹316.2
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hindustan Petroleum Corporation Ltd insights
37 extracted metrics + investor summaries across FY11–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Stock is providing a good dividend yield of 6.54%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
- Company has been maintaining a healthy dividend payout of 29.9%
Weaknesses
2- Company has low interest coverage ratio.
- Earnings include an other income of Rs.4,001 Cr.
Growth Rate
Revenue Growth
1.80% ↘
Net Income Growth
167.93% ↗
Cash Flow Change
153.75% ↗
ROE
109.04% ↗
ROCE
87.42% ↗
EBITDA Margin (Avg.)
73.54% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
Hindustan Petroleum Corporation Ltd has a market cap of Rs.79,591 Cr and trades at a PE of 50.1x, reflecting a sharp TTM profit decline of 84%. The company offers a dividend yield of 6.49% and has a 3-year ROE of 28%, but faces earnings volatility typical of downstream petroleum refining and marketing operations.
Bull Case 7
- Strong 3-year ROE of 28% and last year ROE of 31%, indicating efficient capital utilization in recent years
- Attractive dividend yield of 6.49% with a consistent payout ratio of 29.9%, providing income support
- Company has reduced debt, improving balance sheet resilience against commodity cycles
- 10-year compounded sales growth of 10% demonstrates long-term revenue expansion capability
- 3-year stock CAGR of 29% reflects strong medium-term price appreciation for existing holders
- 5-year compounded profit growth of 11% shows the company can deliver earnings growth across cycles
- 10-year compounded profit growth of 14% indicates structural long-term earnings expansion
Bear Case 8
- TTM profit decline of 84% signals severe earnings compression in the most recent period
- PE ratio of 50.1x is elevated for a cyclical commodity company, suggesting the stock prices in recovery that may not materialize quickly
- Low interest coverage ratio indicates vulnerability to rising interest rates or prolonged margin weakness
- Earnings include other income of Rs.4,001 Cr, meaning core operating profitability is weaker than headline numbers suggest
- 3-year compounded sales growth of 0% shows revenue stagnation in the medium term
- 1-year stock return of -5% reflects market skepticism about near-term earnings recovery
- Price-to-book of 1.28x combined with a 50.1x PE suggests book value is high relative to current depressed earnings power
- 5-year ROE of 18% versus last year's 31% highlights earnings cyclicality and unsustainable peak returns
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 18h ago Headwinds 1
- ₹12,265 crore Q1FY27 net loss Jul 23
HPCL reported a consolidated net loss of ₹12,265 crore in Q1FY27, reversing a profit of ₹4,111 crore in the prior year, driven by higher costs despite revenue of ₹1,45,126 crore.
Positives 4
- Record FY26 PAT of ₹17,175 crore Aug 2
HPCL posted record standalone PAT of ₹17,175 crore in FY26, with highest-ever crude throughput of 26.04 MMT and sales volume of 51.45 MMT.
- BRSR filed with strong turnover Aug 3
HPCL submitted its FY26 Business Responsibility and Sustainability Report disclosing gross turnover of ₹4,76,411.29 crore and paid-up capital of ₹2,127.82 crore.
- HRRL commences commercial operations Jul 23
HPCL's Rajasthan Refinery (HRRL) began commercial operations in Q1FY27, a key strategic milestone alongside the launch of the Samriddhi 2.0 efficiency programme.
- Refinery utilization at 107% Jul 23
HPCL achieved 107% refinery utilization and sales volume growth to 13.12 MMT in Q1FY27, indicating strong operational performance despite the quarterly loss.
Neutral 3
- Investor meets in August 2026 Aug 5
HPCL senior management will attend Emkay Confluence 2026 on Aug 14 and Motilal Oswal 22nd Annual Global Investor Conference on Aug 18, both in Mumbai.
- 74th AGM on August 26 Jul 30
HPCL scheduled its 74th Annual General Meeting for August 26, 2026 via video conferencing with electronic voting through NSDL.
- Executive Director resignation accepted Aug 1
HPCL accepted the resignation of Ramakrishnan Subramanian as Executive Director - HSE (Marketing) effective August 1, 2026 due to superannuation.
TL;DR: HPCL delivered a record FY26 with ₹17,175 crore PAT and highest-ever throughput, but Q1FY27 saw a sharp reversal with a ₹12,265 crore consolidated loss driven by cost pressures. Operational metrics remain strong at 107% refinery utilization and HRRL's commercial launch adds capacity. The key risk is whether elevated costs persist into coming quarters, which would erode the FY26 gains.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,12,079 | 95,752 | 1,11,348 | 1,14,678 | 1,13,888 | 99,957 | 1,10,608 | 1,09,633 | 1,10,825 | 1,00,856 | 1,15,153 | 1,14,937 | 1,40,584 |
| Expenses | 1,02,434 | 87,512 | 1,09,187 | 1,09,796 | 1,11,800 | 97,661 | 1,05,113 | 1,03,845 | 1,03,365 | 94,003 | 1,08,155 | 1,05,726 | 1,56,707 |
| Operating Profit | 9,646 | 8,240 | 2,160 | 4,882 | 2,089 | 2,296 | 5,495 | 5,788 | 7,461 | 6,852 | 6,998 | 9,211 | -16,122 |
| OPM % | 9% | 9% | 1.9% | 4.3% | 1.8% | 2.3% | 5% | 5% | 7% | 7% | 6% | 8% | -11% |
| Other Income | 1,299 | 1,040 | 791 | 594 | 933 | 526 | 462 | 930 | 507 | 715 | 727 | 1,910 | 648 |
| Interest | 627 | 590 | 620 | 720 | 733 | 944 | 931 | 757 | 817 | 824 | 734 | 1,020 | 818 |
| Depreciation | 1,371 | 1,247 | 1,345 | 1,632 | 1,484 | 1,530 | 1,518 | 1,623 | 1,604 | 1,612 | 1,674 | 2,457 | 1,878 |
| PBT | 8,947 | 7,443 | 986 | 3,124 | 805 | 348 | 3,509 | 4,338 | 5,547 | 5,131 | 5,317 | 7,644 | -18,170 |
| Tax % | 24% | 22% | 28% | 13% | 21% | 59% | 28% | 21% | 26% | 25% | 25% | 21% | -32% |
| Net Profit | 6,766 | 5,827 | 713 | 2,709 | 634 | 143 | 2,544 | 3,415 | 4,111 | 3,859 | 4,011 | 6,065 | -12,265 |
| EPS in Rs | 31.8 | 27.38 | 3.35 | 12.73 | 2.98 | 0.67 | 11.95 | 16.05 | 19.32 | 18.14 | 18.85 | 28.5 | -57.64 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,16,648 | 1,77,910 | 1,87,493 | 2,19,510 | 2,75,491 | 2,69,092 | 2,33,248 | 3,49,913 | 4,40,709 | 4,33,857 | 4,34,106 | 4,41,771 | 4,71,530 |
| Expenses | 2,11,916 | 1,69,575 | 1,76,607 | 2,08,732 | 2,63,963 | 2,63,887 | 2,17,194 | 3,39,669 | 4,47,901 | 4,08,929 | 4,17,658 | 4,11,126 | 4,64,592 |
| Operating Profit | 4,733 | 8,335 | 10,886 | 10,778 | 11,527 | 5,204 | 16,055 | 10,244 | -7,192 | 24,928 | 16,448 | 30,645 | 6,938 |
| OPM % | 2.2% | 4.7% | 6% | 4.9% | 4.2% | 1.9% | 7% | 2.9% | -1.6% | 6% | 3.8% | 7% | 1.5% |
| Other Income | 1,836 | 1,970 | 3,697 | 2,785 | 2,383 | 679 | 2,731 | 3,897 | 3,942 | 3,725 | 2,072 | 3,736 | 4,001 |
| Interest | 1,841 | 723 | 609 | 618 | 786 | 1,139 | 963 | 997 | 2,174 | 2,556 | 3,365 | 3,396 | 3,397 |
| Depreciation | 2,497 | 2,846 | 2,776 | 2,834 | 3,085 | 3,370 | 3,625 | 4,000 | 4,560 | 5,596 | 6,154 | 7,347 | 7,621 |
| PBT | 2,231 | 6,735 | 11,197 | 10,110 | 10,039 | 1,374 | 14,197 | 9,144 | -9,984 | 20,500 | 9,000 | 23,638 | -79 |
| Tax % | 33% | 31% | 26% | 29% | 33% | -92% | 25% | 20% | -30% | 22% | 25% | 24% | — |
| Net Profit | 1,489 | 4,675 | 8,236 | 7,218 | 6,691 | 2,639 | 10,663 | 7,294 | -6,980 | 16,015 | 6,736 | 18,047 | 1,671 |
| EPS in Rs | 6.56 | 20.45 | 36.03 | 31.58 | 29.27 | 11.54 | 48.83 | 34.28 | -32.8 | 75.26 | 31.66 | 84.81 | 7.85 |
| Div. Payout % | 55% | 25% | 37% | 36% | 36% | 56% | 31% | 27% | 0% | 28% | 33% | 29% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 339 | 339 | 1,016 | 1,524 | 1,524 | 1,524 | 1,452 | 1,419 | 1,419 | 1,419 | 2,128 | 2,128 |
| Reserves | 13,585 | 16,325 | 20,055 | 24,008 | 28,876 | 29,456 | 36,628 | 39,985 | 30,844 | 45,502 | 49,016 | 63,428 |
| Borrowings | 36,916 | 22,160 | 22,130 | 21,952 | 28,192 | 44,001 | 43,709 | 48,498 | 70,671 | 66,684 | 70,558 | 55,964 |
| Other Liabilities | 34,905 | 30,729 | 37,127 | 42,197 | 48,762 | 41,935 | 52,438 | 64,774 | 58,452 | 69,188 | 73,067 | 81,544 |
| Total Liabilities | 85,745 | 69,553 | 80,329 | 89,681 | 1,07,354 | 1,16,918 | 1,34,228 | 1,54,676 | 1,61,387 | 1,82,794 | 1,94,770 | 2,03,064 |
| Fixed Assets | 45,425 | 34,086 | 36,876 | 38,695 | 41,642 | 48,952 | 50,912 | 58,126 | 68,387 | 79,763 | 86,179 | 1,00,430 |
| CWIP | 3,950 | 1,914 | 1,867 | 4,011 | 9,519 | 17,170 | 25,336 | 28,907 | 25,607 | 20,078 | 17,967 | 8,033 |
| Investments | 6,113 | 9,185 | 11,773 | 12,882 | 14,297 | 14,396 | 15,093 | 18,867 | 23,689 | 29,540 | 27,046 | 28,012 |
| Other Assets | 30,257 | 24,368 | 29,811 | 34,094 | 41,896 | 36,400 | 42,887 | 48,775 | 43,703 | 53,413 | 63,577 | 66,590 |
| Total Assets | 85,745 | 69,553 | 80,329 | 89,681 | 1,07,354 | 1,16,918 | 1,34,228 | 1,54,676 | 1,61,387 | 1,82,794 | 1,94,770 | 2,03,064 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 19,410 | 6,651 | 10,254 | 11,037 | 8,554 | 5,469 | 17,829 | 15,810 | -3,466 | 23,852 | 14,231 | 36,111 |
| Investing | -5,667 | -4,272 | -5,304 | -7,398 | -11,382 | -14,168 | -12,279 | -13,745 | -11,384 | -13,019 | -10,559 | -11,404 |
| Financing | -14,699 | -3,674 | -4,239 | -4,423 | 2,598 | 8,452 | -4,709 | -2,066 | 16,025 | -16,155 | -4,139 | -22,770 |
| Net Cash Flow | -956 | -1,295 | 712 | -784 | -230 | -247 | 841 | -1 | 1,175 | -5,322 | -467 | 1,936 |
| Free Cash Flow | 13,097 | 1,827 | 4,400 | 4,334 | -2,713 | -8,325 | 6,222 | 3,782 | -12,646 | 13,906 | 4,814 | 27,999 |
| CFO/OP | 427 | 94 | 114 | 121 | 92 | 138 | 131 | 168 | 46 | 97 | 84 | 131 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 7 | 8 | 8 | 9 | 8 | 5 | 11 | 7 | 6 | 8 | 10 | 6 |
| Inventory Days | 29 | 31 | 42 | 35 | 30 | 29 | 53 | 40 | 25 | 32 | 35 | 38 |
| Days Payable | 23 | 22 | 28 | 30 | 25 | 17 | 30 | 30 | 20 | 26 | 28 | 30 |
| Cash Conversion Cycle | 13 | 17 | 21 | 15 | 12 | 17 | 33 | 17 | 11 | 14 | 18 | 14 |
| Working Capital Days | -8 | -9 | -35 | -29 | -25 | -34 | -38 | -29 | -30 | -33 | -35 | -29 |
| ROCE % | 7% | 17% | 29% | 24% | 20% | 5% | 19% | 12% | -8% | 21% | 11% | 22% |
Documents
1
Announcement under Regulation 30 (LODR)-Change in Management
1 May - HPCL announced senior management changes effective May 1, 2026, including appointment of Sitaram G Taparia as Chief Risk Officer. 1 May - HPCL announced senior management changes effective May 1, 2026, including appointment of Sitaram G Taparia as Chief Risk Officer.
2
Board Meeting Intimation for Audited Financial Results Of The Company For The Financial Year Ended March 31, 2026 & Recommendation Of Final Equity Dividend, If Any, For The Financial Year 2025-2026
6 May - Board to meet May 13, 2026 for FY2026 audited results and final dividend recommendation. 6 May - Board to meet May 13, 2026 for FY2026 audited results and final dividend recommendation.
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 May - HPCL to hold 4QFY26 earnings conference call on May 13, 2026 at 2:00 p.m. IST. 6 May - HPCL to hold 4QFY26 earnings conference call on May 13, 2026 at 2:00 p.m. IST.
4
Update On HPCL Rajasthan Refinery Limited
25 Apr - HRRL CDU fire localized; restoration in 3-4 weeks, restart in May 2026, trial production expected within May. 25 Apr - HRRL CDU fire localized; restoration in 3-4 weeks, restart in May 2026, trial production expected within May.
5
Announcement under Regulation 30 (LODR)-Change in Directorate
5 May - Shri Vivekananda Biswal ceased as Independent Director effective May 5, 2026 after tenure completion. 5 May - Shri Vivekananda Biswal ceased as Independent Director effective May 5, 2026 after tenure completion.
Frequently Asked Questions about Hindustan Petroleum Corporation Ltd
What does Hindustan Petroleum Corporation Ltd do?
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]
Where is Hindustan Petroleum Corporation Ltd (HINDPETRO) listed?
Hindustan Petroleum Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: HINDPETRO and BSE: 500104. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hindustan Petroleum Corporation Ltd belong to?
Hindustan 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 Hindustan Petroleum Corporation Ltd?
Hindustan Petroleum Corporation Ltd has a market capitalisation of approximately ₹78952.85 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Hindustan Petroleum Corporation Ltd?
The Price-to-Earnings (PE) ratio of Hindustan Petroleum Corporation Ltd is 46.62. 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 Hindustan Petroleum Corporation Ltd?
Over the past 52 weeks, Hindustan Petroleum Corporation Ltd has traded between a low of ₹316.2 and a high of ₹508.45. This range helps investors understand the stock's price volatility and recent trading levels.
Does Hindustan Petroleum Corporation Ltd pay dividends?
Yes, Hindustan Petroleum Corporation Ltd has a dividend yield of 6.54%. 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 Hindustan Petroleum Corporation Ltd?
Hindustan Petroleum Corporation Ltd has a Return on Equity (ROE) of 27.53%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hindustan Petroleum Corporation Ltd on Tapetide?
On Tapetide, you can view Hindustan 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
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]
Website hindustanpetroleum.com
CEO Mr. Vikas Kaushal
Employees 8,049
Listed 1998-06-17
Face Value ₹ 10
Issued Size 2,12,78,22,518