Chennai Petrol. Corp

₹860 9.8 | 1.2%

WEBSITE BSE:500110 NSE : CHENNAI PET. 10 May, 16:01

Market Cap ₹12806 Cr.

Stock P/E 4.7

P/B 1.5

Current Price ₹860

Book Value ₹ 592.4

Face Value 10

52W High ₹1122.9

Dividend Yield 6.4%

52W Low ₹ 305.6

Edit Ratio

Chennai Petrol. Corp Research see more...

A detailed research report on Chennai Petroleum Corporation Limited

Overview Inc. Year: 1965Industry: Refineries

Chennai Petroleum Corporation Ltd is an primarily India based company, that operates in downstream petroleum quarter. The Company has approximately two refineries with a combined refining capability of over 11.5 million tons/annum (MMTPA). The Manali Refinery has a capacity of about 10.5 MMTPA and is a refinery with fuel, lube, wax and petrochemical feedstocks production facilities. Its second refinery is positioned at Cauvery Basin at Nagapattinam, that's installed with a ability of approximately 1.0 MMTPA. The Company’s merchandise include liquefied petroleum gasoline (LPG), motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, high splash diesel, light diesel oil, naphtha, bitumen, lube base stocks, paraffin wax, fuel oil, hexane, micro crystalline wax, pet coke and petrochemical feed stocks.

Chennai Petrol. Corp Share Price

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Peer Comparison

Chennai Petrol. Corp Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	13592	20997	27450	22894	19214	21350	17986	20010	20454	20823
Other Income	1	6	2	2	2	2	2	2	2	3
Total Income	13592	21004	27451	22896	19216	21352	17988	20012	20456	20826
Total Expenditure	13046	19409	24043	22664	18780	19723	17036	18205	19774	19781
Operating Profit	547	1594	3408	232	436	1628	952	1807	682	1045
Interest	113	96	76	61	108	84	57	65	50	51
Depreciation	132	132	133	143	141	157	147	157	151	151
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	301	1367	3199	28	186	1388	747	1585	481	844
Provision for Tax	73	373	841	8	43	383	199	397	121	231
Profit After Tax	229	994	2359	20	143	1004	548	1188	360	612
Adjustments	4	8	-1	-3	1	9	8	8	5	16
Profit After Adjustments	232	1002	2358	17	144	1013	557	1195	365	628
Adjusted Earnings Per Share	15.6	67.3	158.3	1.1	9.7	68	37.4	80.3	24.5	42.2

Chennai Petrol. Corp Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	42128	25846	27520	32528	41338	37173	22445	43375	76735	79273
Other Income	31	30	34	33	53	18	101	11	7	9
Total Income	42159	25876	27554	32561	41391	37191	22546	43386	76742	79282
Total Expenditure	42252	24497	25643	30446	40822	39330	20433	40643	71037	74796
Operating Profit	-93	1379	1911	2115	570	-2139	2113	2743	5705	4486
Interest	405	353	274	322	421	415	376	413	331	223
Depreciation	229	274	279	340	453	468	466	504	573	606
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-727	778	1386	1473	-290	-2995	1296	1841	4806	3657
Provision for Tax	-694	17	335	545	-85	-938	1039	489	1275	948
Profit After Tax	-33	762	1051	927	-205	-2056	257	1352	3532	2708
Adjustments	0	0	0	0	0	0	0	0	0	37
Profit After Adjustments	-33	762	1051	927	-205	-2056	257	1352	3532	2745
Adjusted Earnings Per Share	-2.2	51.1	70.6	62.3	-13.8	-138.1	17.3	90.8	237.2	184.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	77%	27%	19%	0%
Operating Profit CAGR	108%	0%	22%	0%
PAT CAGR	161%	0%	31%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	181%	97%	30%	27%
ROE Average	75%	51%	12%	17%
ROCE Average	45%	27%	11%	12%

Chennai Petrol. Corp Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1743	2469	3441	3997	3457	1359	1611	2987	6475
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	1000	2003	2324	826	1444	2940	3005	2392	2159
Other Non-Current Liabilities	61	82	198	1100	1031	-158	903	950	1914
Total Current Liabilities	8335	5903	5972	9038	8825	8415	9361	11468	6572
Total Liabilities	11138	10457	11935	14961	14757	12557	14880	17821	17132
Fixed Assets	4102	4119	3883	5914	6977	7034	7142	6967	7637
Other Non-Current Assets	928	1955	3064	2340	2202	2634	2653	1937	1796
Total Current Assets	6109	4364	4971	6688	5553	2862	5057	8261	6800
Total Assets	11138	10457	11935	14961	14757	12557	14880	17821	17132

Chennai Petrol. Corp Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	53	40	0	0	0	0	0	1	8
Cash Flow from Operating Activities	1083	2292	609	2757	-144	-620	452	1026	5749
Cash Flow from Investing Activities	-480	-1142	-1169	-969	-1273	-963	-548	-676	-403
Cash Flow from Financing Activities	-609	-1152	561	-1788	1417	1583	97	-343	-5354
Net Cash Inflow / Outflow	-6	-1	0	-0	0	-0	1	7	-7
Closing Cash & Cash Equivalent	47	39	0	0	0	0	1	8	1

Chennai Petrol. Corp Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-2.23	51.14	70.57	62.27	-13.79	-138.1	17.28	90.8	237.16
CEPS(Rs)	13.18	69.52	89.28	85.11	16.6	-106.66	48.56	124.63	275.67
DPS(Rs)	0	4	21	18.5	0	0	0	2	27
Book NAV/Share(Rs)	117.04	164.55	229.93	267.13	230.48	89.46	106.33	198.03	432.74
Core EBITDA Margin(%)	-0.26	3.86	4.62	4.71	0.99	-4.42	4.8	4.51	6.26
EBIT Margin(%)	-0.67	3.23	4.09	4.06	0.25	-5.28	3.99	3.72	5.64
Pre Tax Margin(%)	-1.51	2.23	3.41	3.33	-0.55	-6.13	3.09	3.04	5.28
PAT Margin (%)	-0.07	2.18	2.59	2.1	-0.39	-4.21	0.61	2.23	3.88
Cash Profit Margin (%)	0.41	2.96	3.27	2.87	0.47	-3.25	1.72	3.06	4.51
ROA(%)	-0.3	7.05	9.39	6.89	-1.38	-15.06	1.88	8.27	20.21
ROE(%)	-1.91	36.32	35.78	25.05	-5.54	-86.33	17.65	59.66	75.2
ROCE(%)	-4.51	15.98	20.82	20.63	1.41	-25.63	16.11	19.69	44.96
Receivable days	14	13.63	8.09	10.77	6.62	1.69	1.41	1.36	1.1
Inventory Days	29.19	36.7	28.68	32.85	33.51	26.93	29.88	36.28	27.07
Payable days	28.9	44.87	30.89	38.22	32.05	19.35	32.99	24.05	16.63
PER(x)	0	3.9	5.14	5.28	0	0	5.79	1.41	1
Price/Book(x)	0.59	1.21	1.58	1.23	1.18	0.68	0.94	0.64	0.55
Dividend Yield(%)	0	2.01	5.79	5.63	0	0	0	1.57	11.35
EV/Net Sales(x)	0.15	0.29	0.4	0.29	0.26	0.26	0.47	0.26	0.1
EV/Core EBITDA(x)	-68.84	5.43	5.7	4.43	18.82	-4.49	5.03	4.05	1.36
Net Sales Growth(%)	0	-38.65	6.48	18.2	27.09	-10.08	-39.62	93.25	76.91
EBIT Growth(%)	0	451.26	46.74	9.93	-92.7	-2304.93	164.83	34.78	127.86
PAT Growth(%)	0	2390.1	37.99	-9.38	-122.15	-837.67	112.51	425.55	161.2
EPS Growth(%)	0	2390.14	37.98	-11.76	-122.15	-901.41	112.51	425.55	161.2
Debt/Equity(x)	3.1	1.86	1.61	1.13	1.94	6.53	5.78	3.13	0.66
Current Ratio(x)	0.73	0.74	0.83	0.74	0.63	0.34	0.54	0.72	1.03
Quick Ratio(x)	0.27	0.2	0.3	0.21	0.08	0.06	0.06	0.06	0.13
Interest Cover(x)	-0.79	3.21	6.06	5.58	0.31	-6.22	4.44	5.46	15.53
Total Debt/Mcap(x)	5.29	1.54	1.02	0.92	1.64	9.64	6.14	4.85	1.2

Chennai Petrol. Corp Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.29	67.29	67.29	67.29	67.29	67.29	67.29	67.29	67.29	67.29
FII	2.67	3.37	4.01	4.66	5.07	7.67	8.49	11.37	14.66	15.75
DII	5.84	5.36	2.67	3.29	3.25	3.41	1.96	1.76	1.28	0.85
Public	24.2	23.98	26.03	24.76	24.4	21.63	22.26	19.58	16.77	16.11
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.02	10.02	10.02	10.02	10.02	10.02	10.02	10.02	10.02	10.02
FII	0.4	0.5	0.6	0.69	0.75	1.14	1.26	1.69	2.18	2.35
DII	0.87	0.8	0.4	0.49	0.48	0.51	0.29	0.26	0.19	0.13
Public	3.6	3.57	3.88	3.69	3.63	3.22	3.31	2.92	2.5	2.4
Others	0	0	0	0	0	0	0	0	0	0
Total	14.89	14.89	14.89	14.89	14.89	14.89	14.89	14.89	14.89	14.89

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 51%
Debtor days have improved from 24.05 to 16.63days.
Company has reduced debt.

Cons

* 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.

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Chennai Petrol. Corp

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Chennai Petrol. Corp Research see more...

Overview Inc. Year: 1965Industry: Refineries

Chennai Petrol. Corp Share Price

Alert Data

Quarterly Price

Peer Comparison

Chennai Petrol. Corp Quarterly Results

Chennai Petrol. Corp Profit & Loss

Growth Rates

Chennai Petrol. Corp Balance Sheet

Chennai Petrol. Corp Cash Flow

Chennai Petrol. Corp Ratios

Chennai Petrol. Corp Shareholding Pattern

Chennai Petrol. Corp News

Top Unlisted Companies & InstaBuy Companies

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