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Confidence Petroleum

₹86 0.3 | 0.3%

Market Cap ₹2745 Cr.

Stock P/E 21.2

P/B 2.3

Current Price ₹86

Book Value ₹ 36.7

Face Value 1

52W High ₹120

Dividend Yield 0.12%

52W Low ₹ 58.1

Confidence Petroleum Research see more...

Overview Inc. Year: 1994Industry: Industrial Gases & Fuels

Confidence Petroleum India Ltd is an India-based producer of LPG cylinders for domestic, in addition to commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/delivery. Its segments consist of the LPG/CNG Cylinder manufacturing, and the LPG Bottling & Marketing. The LPG/CNG Cylinder manufacturing section includes production and advertising operations of cylinder. The LPG Bottling & Marketing section consists of bottling of LPG and elements for commercial utilization. Its divisions include Cylinder division, auto LPG dispensing stations (ALDS) department and LPG Trading, Refilling and Packed division. It engages in the commercial enterprise of LPG and auto LPG production, packed cylinder under the brand call of Go Gas. It has over four blending plants and about 51 LPG bottling plants across India, engaged in blending propane and butane into LPG, and refilling LPG cylinders for industrial and household consumption, respectively.

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Confidence Petroleum Share Price

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Confidence Petroleum Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 428 394 384 355 461 720 673 875 639 554
Other Income 0 1 4 0 1 4 -1 1 5 9
Total Income 429 395 388 356 462 724 672 876 643 563
Total Expenditure 367 345 346 317 405 662 603 799 550 470
Operating Profit 62 50 41 39 57 62 68 77 93 92
Interest 2 3 3 3 7 7 6 8 21 19
Depreciation 15 17 19 18 20 20 28 25 26 42
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 44 31 19 18 31 36 34 44 47 31
Provision for Tax 11 7 5 5 8 9 10 11 16 5
Profit After Tax 33 23 15 14 23 26 25 33 31 27
Adjustments 0 -0 -1 1 1 1 -0 -1 2 0
Profit After Adjustments 33 23 14 14 24 27 24 32 32 27
Adjusted Earnings Per Share 1.2 0.8 0.5 0.5 0.8 1 0.9 1.1 1.1 0.9

Confidence Petroleum Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 316 269 306 355 497 607 1005 1078 863 1428 2209 2741
Other Income 2 2 2 1 2 3 5 4 3 6 5 14
Total Income 319 270 308 356 499 610 1009 1082 866 1434 2213 2754
Total Expenditure 275 231 274 320 456 536 878 951 742 1242 1986 2422
Operating Profit 43 39 34 36 43 74 131 131 124 192 227 330
Interest 15 13 12 11 12 12 11 12 9 9 22 54
Depreciation 25 22 29 23 24 25 30 51 52 67 85 121
Exceptional Income / Expenses 0 0 -16 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 3 -22 2 7 38 90 69 63 116 120 156
Provision for Tax 1 1 1 1 2 11 26 17 16 29 32 42
Profit After Tax 2 2 -23 1 5 27 64 52 47 88 88 116
Adjustments -0 0 -0 -0 0 0 3 0 2 4 8 1
Profit After Adjustments 2 2 -23 1 5 27 67 52 50 92 96 115
Adjusted Earnings Per Share 0.1 0.1 -0.9 0 0.2 1 2.4 1.9 1.8 3.2 3.4 4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 55% 27% 29% 21%
Operating Profit CAGR 18% 20% 25% 18%
PAT CAGR 0% 19% 27% 46%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 47% 13% 18% 47%
ROE Average 12% 12% 14% 7%
ROCE Average 14% 15% 18% 11%

Confidence Petroleum Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 238 240 213 214 182 253 392 448 533 694 813
Minority's Interest 17 18 17 17 17 19 21 21 21 78 80
Borrowings 28 20 19 16 67 31 37 34 48 42 288
Other Non-Current Liabilities 25 31 37 37 58 71 102 129 131 155 183
Total Current Liabilities 105 97 86 79 83 102 68 72 56 81 279
Total Liabilities 413 407 372 363 407 476 620 705 789 1050 1642
Fixed Assets 229 226 183 180 199 243 356 378 456 554 706
Other Non-Current Assets 34 31 39 42 61 68 63 100 115 204 146
Total Current Assets 151 149 150 141 147 164 201 227 218 293 791
Total Assets 413 407 372 363 407 476 620 705 789 1050 1642

Confidence Petroleum Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 14 12 12 16 14 10 18 22 21 18 21
Cash Flow from Operating Activities 39 31 30 35 30 65 68 66 98 103 -136
Cash Flow from Investing Activities -14 -19 -13 -22 -108 -24 -152 -93 -142 -169 -170
Cash Flow from Financing Activities -27 -12 -13 -16 75 -33 87 25 42 69 357
Net Cash Inflow / Outflow -2 -0 5 -2 -4 8 4 -1 -3 3 51
Closing Cash & Cash Equivalent 12 12 16 14 10 18 22 21 18 21 72

Confidence Petroleum Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.08 0.08 -0.89 0.04 0.19 1.04 2.44 1.92 1.76 3.23 3.37
CEPS(Rs) 1.05 0.94 0.22 0.94 1.12 1.97 3.44 3.79 3.51 5.43 6.1
DPS(Rs) 0 0 0 0 0 0.05 0.1 0 0.1 0.1 0.1
Book NAV/Share(Rs) 9.2 9.29 8.24 8.27 6.62 9.38 13.94 15.93 18.41 24.09 28.26
Core EBITDA Margin(%) 11.91 12.74 9.72 9.07 7.79 11.55 12.59 11.75 14.02 13.03 10.08
EBIT Margin(%) 5.37 5.6 -3.21 3.39 3.56 8.08 10.09 7.52 8.3 8.8 6.43
Pre Tax Margin(%) 1.04 1.02 -6.75 0.5 1.3 6.11 9 6.44 7.3 8.15 5.43
PAT Margin (%) 0.66 0.64 -6.93 0.28 0.91 4.32 6.4 4.87 5.5 6.13 3.99
Cash Profit Margin (%) 7.89 8.36 1.74 6.35 5.48 8.3 9.37 9.62 11.54 10.81 7.84
ROA(%) 0.54 0.46 -5.89 0.29 1.26 6.02 11.74 7.92 6.35 9.52 6.55
ROE(%) 0.96 0.78 -10.12 0.51 2.51 12.83 20.61 12.83 9.89 14.51 11.86
ROCE(%) 5.61 5.16 -3.65 4.73 6.79 16.34 25.9 16.74 12.79 18.12 14.32
Receivable days 69.1 82.47 69.52 56.04 40.3 36.67 21.78 22.65 30.07 17.14 16.38
Inventory Days 62.02 73.85 64.93 53.68 37.53 34.27 25.1 25.5 32.06 24.19 33.43
Payable days 80.31 101.13 78.91 56.37 35.14 26.08 13.47 10.29 9.17 4.19 15.12
PER(x) 29.53 20.38 0 117.72 39.83 28.69 15.89 7.67 25.43 19.35 18.01
Price/Book(x) 0.26 0.18 0.23 0.59 1.16 3.18 2.78 0.92 2.43 2.59 2.15
Dividend Yield(%) 0 0 0 0 0 0.17 0.26 0 0.22 0.16 0.16
EV/Net Sales(x) 0.43 0.38 0.31 0.48 0.61 1.38 1.11 0.42 1.55 1.29 0.93
EV/Core EBITDA(x) 3.12 2.6 2.81 4.69 7.01 11.26 8.52 3.47 10.8 9.59 9.05
Net Sales Growth(%) -50.51 -15.07 14.11 15.73 40.09 22.11 65.56 7.29 -19.92 65.41 54.71
EBIT Growth(%) -34.83 -11.55 -165.38 221.46 45.73 163.41 103.98 -20.04 -11.59 75.42 13.1
PAT Growth(%) -73.41 -17.29 -1323.76 104.7 348.13 449.45 142.18 -18.47 -9.56 84.57 0.66
EPS Growth(%) -71.1 4.09 -1158.16 104.64 369.17 437.4 135.1 -21.51 -8.4 83.76 4.4
Debt/Equity(x) 0.36 0.28 0.29 0.27 0.66 0.34 0.2 0.17 0.17 0.14 0.51
Current Ratio(x) 1.43 1.53 1.74 1.78 1.78 1.61 2.96 3.15 3.92 3.62 2.84
Quick Ratio(x) 0.89 0.91 1.07 1.09 1.12 1.01 1.83 2.12 2.53 2.24 1.79
Interest Cover(x) 1.24 1.22 -0.91 1.17 1.58 4.11 9.28 6.98 8.32 13.53 6.42
Total Debt/Mcap(x) 1.38 1.55 1.24 0.46 0.56 0.11 0.07 0.18 0.07 0.05 0.24

Confidence Petroleum Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 58.95 59.53 59.7 60.08 60.26 61.45 61.31 61.31 61.63 56.12
FII 6.27 5.97 4.33 3.34 2.89 2.73 1.94 2.23 2.13 2.08
DII 0 0 0 0 0.74 0.92 1.23 1.26 1.25 1.19
Public 34.78 34.51 35.97 36.58 36.11 34.9 35.52 35.2 35 40.61
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 26% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 4.19 to 15.12days.

* 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.

Confidence Petroleum News

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