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HPCL Overview

Hindustan Petroleum Corporation Limited is engaged in the business of refining of crude oil and advertising and marketing of petroleum products, production of hydrocarbons and offering services for management of exploration and manufacturing (E&P) blocks, technology of power and operating LNG regasification terminal (below production section). Its segments comprises Downstream Petroleum, that is engaged in refining and advertising of petroleum products; and All other segments, which is engaged in E&P of hydrocarbons and production sugar and eth...Read More

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HPCL Key Financials

Market Cap ₹78463 Cr.

Stock P/E 11.6

P/B 1.3

Current Price ₹368.8

Book Value ₹ 285.6

Face Value 10

52W High ₹508.5

Dividend Yield 2.85%

52W Low ₹ 319.8

HPCL Share Price

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Volume
Price

HPCL Quarterly Price

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HPCL Peer Comparison

HPCL Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 102669 118484 121653 120961 108248 119041 118474 120193 110397 124583
Other Income 341 529 447 527 526 453 574 507 522 607
Total Income 103011 119013 122100 121489 108774 119494 119048 120700 110919 125189
Total Expenditure 94429 116324 116772 118855 105560 113072 112679 112621 103545 117585
Operating Profit 8581 2689 5329 2634 3214 6422 6369 8079 7375 7604
Interest 590 620 720 733 944 931 757 817 824 734
Depreciation 1247 1345 1632 1484 1530 1518 1623 1604 1612 1674
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6744 725 2977 417 740 3973 3989 5658 4938 5196
Provision for Tax 1616 274 415 171 206 965 923 1436 1272 1306
Profit After Tax 5128 451 2562 246 535 3008 3067 4222 3667 3890
Adjustments 699 262 147 388 -392 -465 349 -111 193 121
Profit After Adjustments 5827 713 2709 634 143 2544 3415 4111 3859 4011
Adjusted Earnings Per Share 27.4 3.4 12.7 3 0.7 12 16.1 19.3 18.1 18.9

HPCL Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 216648 177910 187493 219510 275491 269092 233248 349913 440709 433857 434106 473647
Other Income 2597 1083 1384 1559 1453 1682 2644 2439 1466 1917 2088 2210
Total Income 219246 178993 188877 221069 276944 270773 235892 352352 442175 435773 436194 475856
Total Expenditure 212677 169631 176613 208828 263963 263429 217245 339669 447916 408929 417555 446430
Operating Profit 6568 9362 12264 12241 12980 7344 18647 12683 -5741 26845 18639 29427
Interest 1841 723 609 618 786 1139 963 997 2174 2556 3365 3132
Depreciation 2497 2846 2776 2834 3085 3370 3625 4000 4560 5596 6154 6513
Exceptional Income / Expenses 0 0 0 0 0 -1003 0 0 0 0 0 0
Profit Before Tax 2231 6735 11197 10110 10039 1374 14197 9144 -9984 20500 9000 19781
Provision for Tax 742 2060 2962 2892 3349 -1264 3534 1849 -3004 4486 2264 4937
Profit After Tax 1489 4675 8236 7218 6691 2639 10663 7294 -6980 16015 6736 14846
Adjustments 10 0 0 0 0 0 0 0 0 0 0 552
Profit After Adjustments 1499 4675 8236 7218 6691 2639 10663 7294 -6980 16015 6736 15396
Adjusted Earnings Per Share 6.6 20.5 36 31.6 29.3 11.5 49 34.3 -32.8 75.3 31.7 72.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 7% 10% 7%
Operating Profit CAGR -31% 14% 20% 11%
PAT CAGR -58% -3% 21% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 34% 18% 13%
ROE Average 14% 12% 17% 21%
ROCE Average 11% 8% 11% 14%

HPCL Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 13924 16664 21071 25532 30401 30981 38081 41404 32263 46921 51144
Minority's Interest 114 0 0 0 0 0 0 0 0 0 0
Borrowings 28536 11359 7118 9656 12128 23110 25049 32115 48171 37943 34651
Other Non-Current Liabilities 11995 14625 6357 6920 7608 5772 8629 9669 7039 11478 12672
Total Current Liabilities 31175 26905 45773 47563 57210 57048 62414 71440 74447 86334 96278
Total Liabilities 85745 69553 80319 89672 107346 116910 134174 154629 161921 182768 194745
Fixed Assets 45425 34086 36876 38695 41642 48952 50912 58126 68387 79763 86179
Other Non-Current Assets 6209 7675 10377 14444 22215 30338 39077 46812 48976 50171 50861
Total Current Assets 33957 27786 33062 36530 43482 37610 44172 49630 44507 52770 57695
Total Assets 85745 69553 80319 89672 107346 116910 134174 154629 161921 182768 194745

HPCL Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1865 -1069 -2364 -1652 -2436 -2665 -2912 -2071 -2072 -896 -6219
Cash Flow from Operating Activities 19410 6651 10254 11037 8554 5469 17829 15810 -3466 23852 14228
Cash Flow from Investing Activities -5667 -4272 -5304 -7398 -11382 -14168 -12279 -13745 -11384 -13019 -10557
Cash Flow from Financing Activities -14699 -3674 -4239 -4423 2598 8452 -4709 -2066 16025 -16155 -4138
Net Cash Inflow / Outflow -956 -1295 712 -784 -230 -247 841 -1 1175 -5322 -467
Closing Cash & Cash Equivalent 908 -2364 -1652 -2436 -2665 -2912 -2071 -2072 -896 -6219 -6686

HPCL Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.56 20.45 36.03 31.58 29.27 11.54 48.96 34.28 -32.8 75.26 31.66
CEPS(Rs) 17.44 32.9 48.18 43.98 42.77 26.29 65.6 53.08 -11.37 101.56 60.58
DPS(Rs) 3.63 5.11 13.33 11.33 10.6 6.5 15.17 9.33 0 21 10.5
Book NAV/Share(Rs) 58.88 72.9 92.19 111.7 133 135.54 174.84 194.58 151.62 220.51 240.36
Core EBITDA Margin(%) 1.72 4.14 5.03 4.33 3.84 1.95 5.87 2.74 -1.53 5.36 3.51
EBIT Margin(%) 1.77 3.73 5.46 4.35 3.61 0.87 5.56 2.71 -1.66 4.95 2.63
Pre Tax Margin(%) 0.97 3.37 5.18 4.1 3.35 0.47 5.2 2.44 -2.13 4.4 1.91
PAT Margin (%) 0.65 2.34 3.81 2.93 2.23 0.91 3.91 1.95 -1.49 3.44 1.43
Cash Profit Margin (%) 1.73 3.76 5.09 4.08 3.26 2.07 5.24 3.02 -0.52 4.64 2.74
ROA(%) 1.63 6.02 10.99 8.49 6.79 2.35 8.49 5.05 -4.41 9.29 3.57
ROE(%) 10.91 31.04 43.65 30.98 23.92 8.6 30.88 18.35 -18.95 40.45 13.74
ROCE(%) 7.26 16.72 28.79 23.66 20.41 3.76 19.72 12.28 -8.41 22.06 10.88
Receivable days 8.21 7.17 6.64 7.17 6.85 6.04 7.23 6.44 5.12 6.34 8.18
Inventory Days 32.41 26.86 27 27.57 23.77 25.02 32.17 31.36 25.29 25.01 28.11
Payable days 25.22 25.77 24.76 26.76 24.24 21.18 25.56 24.42 21.12 23.67 26.42
PER(x) 14.69 5.69 6.48 7.27 6.46 10.98 3.19 5.24 0 4.21 11.38
Price/Book(x) 1.64 1.6 2.53 2.05 1.42 0.94 0.89 0.92 1.04 1.44 1.5
Dividend Yield(%) 3.77 4.39 5.71 4.94 5.61 5.13 9.7 5.2 0 6.62 2.92
EV/Net Sales(x) 0.26 0.27 0.4 0.33 0.26 0.27 0.32 0.24 0.23 0.3 0.33
EV/Core EBITDA(x) 8.63 5.19 6.15 5.97 5.48 9.91 3.98 6.54 -17.41 4.84 7.66
Net Sales Growth(%) -7.51 -17.88 5.39 17.08 25.5 -2.32 -13.32 50.02 25.95 -1.55 0.06
EBIT Growth(%) 9.52 83.17 58.3 -9.14 0.9 -76.78 503.24 -33.11 -177.01 395.22 -46.37
PAT Growth(%) 37.91 213.98 76.18 -12.36 -7.31 -60.56 304.09 -31.59 -195.7 329.43 -57.94
EPS Growth(%) 38.71 211.94 76.18 -12.36 -7.31 -60.56 324.07 -29.98 -195.7 329.43 -57.94
Debt/Equity(x) 2.74 1.33 1.05 0.86 0.93 1.42 1.07 1.09 2.08 1.34 1.3
Current Ratio(x) 1.09 1.03 0.72 0.77 0.76 0.66 0.71 0.69 0.6 0.61 0.6
Quick Ratio(x) 0.57 0.54 0.32 0.38 0.4 0.32 0.25 0.2 0.2 0.22 0.2
Interest Cover(x) 2.21 10.31 19.38 17.36 13.78 2.21 15.74 10.17 -3.59 9.02 3.67
Total Debt/Mcap(x) 1.68 0.83 0.41 0.42 0.65 1.52 1.19 1.18 2 0.93 0.87

HPCL Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 54.9 54.9 54.9 54.9 54.9 54.9 54.9 54.9 54.9 54.9
FII 13.26 14.26 13.8 13.22 14.12 14.44 12.55 13.55 14.48 16.36
DII 22.6 21.28 22.19 21.48 21.67 21.83 23.56 23.17 22.24 20.65
Public 9.23 9.56 9.1 10.4 9.31 8.83 8.98 8.38 8.37 8.09
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

HPCL News

HPCL Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 23.67 to 26.42days.
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