Hindustan Petroleum (BOM:500104)

The Economic Times  Sep 14  Comment 
'You can go long on Hindustan Petroleum that is a buy with a stop of 790, target of 830'
The Hindu Business Line  Aug 11  Comment 
Public sector refiner Hindustan Petroleum Corporation Ltd (HPCL) reported 34.5 times jump in net profit for the June quarter to ₹1,588 crore from ₹46 crore in the year-ago period. T...
The Economic Times  Aug 7  Comment 
Hindustan Petroleum is a 'BUY' call with a target of Rs 963 and a stop loss of Rs 927.
The Economic Times  Jul 30  Comment 
The stock of Hindustan Petroleum Corporation (HPCL) has shot up by 50 per cent in the past three months, reflecting analysts’ expectation of improving cash flows
The Hindu Business Line  May 29  Comment 
Hindustan Petroleum Corporation Ltd (HPCL) has reported a 53 per cent drop in its net profit at ₹2,162 crore for the fourth quarter of 2014-15, against ₹4,609.24 crore in the same quarter l...
The Hindu Business Line  May 29  Comment 
Shares of state-run refiners Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd today surged on better-than-expected Jan-March earnings. Analysts have cited higher o...
The Economic Times  May 6  Comment 
'Hindustan Petroleum Ltd is a 'SELL' call with a target of Rs 585 and a stop loss of Rs 618'
Reuters  May 6  Comment 
Hindustan Petroleum Corp Ltd (HPCL) has revised down its petrol May imports to a total of 52,000 tonnes from an initial 57,000 tonnes, traders said on Wednesday.
Reuters  Mar 13  Comment 
Hindustan Petroleum Corp aims to restart a catalytic reformer (CCR) petrol-making unit by Saturday following a minor fire caused by a leak, its head of refineries B.K. Namdeo told Reuters.
The Economic Times  Mar 3  Comment 
Stocks of state-owned oil marketing companies such as Bharat Petroleum Corporation and Hindustan Petroleum Corporation rallied on Monday after petrol and diesel prices were increased from Sunday.

You may also be interested in articles related to Hindustan Petroleum (BOM:500104):


Hindustan Petroleum Corporation Limited (HPCL) is the third largest oil refining and marketing company in India. Apart from the 13 MMTPA (million tonnes per annum) of refining capacity, it has strong retail presence with over 8,500 retail outlets spread across the country. Further, the company has nearly 27 m customers in the fast growing LPG business. The company has stakes in HPCL-Mittal Energy (49%), MRPL (17%), Bhagyanagar Gas (25%) and Aavantika Gas (25%).

During FY09, HPCL’s average gross refining margin was US$ 3.97 per barrel as compared to US$ 6.54 per barrel during FY08. During the year, Mumbai refinery achieved crude throughput of 6.65 m tonnes, while the Visakh refinery achieved a crude throughput of 9.16 m tonnes. In terms of volumes, market sales were 25.39 million metric tonnes during FY09. The company’s refining margin during the fiscal was lower on account of the decline in the global crude oil prices, which resulted in inventory losses. The company faced under recoveries on product prices, which could not be fully passed on to the consumers. Upstream oil companies, i.e. ONGC and GAIL partially compensated for the under recoveries by providing discounts amounting to Rs 71.8 bn, while the Government of India issued oil bonds to the tune of Rs 146.9 bn.

While volume off take is likely to remain robust going forward, the company’s financial performance will depend on crude oil prices, rupee-dollar exchange rates, interest costs and most importantly, government regulations of product prices.

Financial performance: A snapshot

(Rs m)

4QFY08 4QFY09 Change FY08 FY09 Change
Net sales 314,706 253,637 (19.40%) 1,047,038 1,251,379 19.50%
Expenditure 312,538 197,168 (36.90%) 1,031,498 1,218,818 18.20%
Operating profit (EBDITA) 2,168 56,470 15,540 32,561 109.50%
EBDITA margin (%) 0.70% 22.30% 1.50% 2.60%
Other income 3,177 2,167 (31.80%) 11,980 5,202 (56.60%)
Interest 3,009 3,779 25.60% 7,925 20,828 162.80%
Depreciation 2,532 2,545 0.50% 8,508 9,813 15.30%
Profit before tax (196) 52,313 11,087 7,122 (35.80%)
Tax (4,041) 1,273 (262) 1,373
Profit after tax/(loss) 3,845 51,040 11,349 5,750 (49.30%)
Net profit margin (%) 1.20% 20.10% 1.10% 0.50%
No. of shares (m) 339
Diluted earnings per share (Rs) 17
Price to earnings ratio (x) 18

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki