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ఆయిల్ మార్కెటింగ్ కంపెనీలపై తీవ్ర ఆర్థిక ఒత్తిడి: సబ్సిడీ అనిశ్చితి మధ్య LPG అండర్-రికవరీలు ₹53,700 కోట్లు దాటాయి

Energy

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Published on 20th November 2025, 11:51 AM

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Author

Akshat Lakshkar | Whalesbook News Team

Overview

నువామా రీసెర్చ్ నివేదిక ప్రకారం, ఆయిల్ మార్కెటింగ్ కంపెనీలు (OMCs) LPG అండర్-రికవరీల వల్ల తీవ్ర ఆర్థిక ఒత్తిడిని ఎదుర్కొంటున్నాయి, ఇవి మొత్తం ₹53,700 కోట్లకు చేరుకున్నాయి. ప్రభుత్వం నవంబర్ 2025 నుండి ₹30,000 కోట్ల సబ్సిడీ విడుదల చేయాలని యోచిస్తున్నప్పటికీ, ఈ మొత్తం ప్రస్తుత నష్టాల్లో కేవలం 56% మాత్రమే భర్తీ చేస్తుంది, దీంతో ఆర్థిక అంతరం మరింత పెరిగే అవకాశం ఉంది. ఈ నివేదిక పెరుగుతున్న అండర్-రికవరీలు, OMCల మూలధన వ్యయం (capital expenditure)పై ఒత్తిడి, సిటీ గ్యాస్ డిస్ట్రిబ్యూషన్ కంపెనీల సంభావ్య డీ-రేటింగ్, మరియు ONGC నుండి ఆశాజనకమైన ఉత్పత్తి అంచనాల గురించి కూడా హెచ్చరిస్తుంది.

Hindustan Petroleum Corporation Ltd

₹ 472-1.26%
21 Nov – close price
🔗hindustanpetroleum.com•BSE: 500104•NSE: HINDPETRO
Market Cap₹ 1,00,359 Cr.
Current Price₹ 472
High / Low₹ 495
Stock P/E6.88
Book Value₹ 244
Dividend Yield2.23 %
ROCE11.8 %
ROE16.9 %
Face Value₹ 10.0
Sales₹ 4,31,546 Cr.
OPM6.09 %
Mar Cap₹ 1,00,359 Cr.

ABOUT

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]

KEY POINTS

LeadershipThe company owns and managesIndia’s largest lubricant refinery and has the 2nd-largest retail network and LPG marketing presence. Additionally, it operates the2nd-largest cross-country product pipeline network.[1]The company has a13.44% market share in India’s total refining capacityand a20.50% domestic market share in petroleum products.[2]

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Reliance Industr1546.6027.312092931.640.3622092.009.67254623.009.979.69999629.0017.6576642.4218165.002.394.330.43
2.I O C L167.359.69236388.981.798190.861388.14178628.152.097.36760253.586.8524391.087817.551.202.470.74
3.B P C L364.557.35158181.882.746191.49168.30104946.272.1016.22441893.807.8421520.076313.561.686.460.56
4.H P C L471.906.88100359.452.233830.37506.86100781.120.8611.83431546.306.0914579.123830.371.934.091.16
5.M R P L170.2828.7929848.390.00627.36190.0222648.57-9.294.3886471.534.431036.63627.362.240.170.81
6.C P C L1025.2013.0515261.440.49719.19213.4916327.3435.094.3061314.053.701169.80719.191.731.210.22
7.Rajasthan Gases43.206.52332.100.0034.24–0.00–-0.498.2294.7750.9234.244.27-0.480.26
–Median: 9 Co.170.2813.0529848.390.36719.19179.1622648.572.097.5686471.536.851169.8719.192.242.770.47

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
108,417109,603107,928111,96195,701111,306114,557113,82399,926110,505109,492110,767100,781
Expenses
109,915107,932103,129102,30687,484109,143109,753111,69797,202104,535103,689103,16693,890
Operating Profit
-1,4981,6724,7999,6558,2172,1644,8042,1262,7245,9705,8047,6026,891
Other Income
2812891,160628344556854552575479793523546
Profit before tax
-2,8931684,3928,3316,7427683,3124718354,0104,3045,8265,119
Tax %
-25%-2%27%26%24%31%14%24%24%25%22%25%25%
Net Profit
-2,1721723,2236,2045,1185292,8433566313,0233,3554,3713,830
EPS in Rs
-10.210.8115.1529.1624.052.4913.361.672.9714.2115.7720.5418.00

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
223,352206,626177,701187,091219,333275,215268,766232,997349,683440,403433,525433,728431,546
Expenses
218,104201,531169,706176,440208,580263,812263,643217,071339,507447,925408,686417,122405,280
Operating Profit
5,2485,0967,99510,65010,75311,4025,12315,92510,176-7,52224,83916,60626,267
Other Income
9061,7441,0891,4421,7691,6758352,7892,9702,0692,3822,4162,340
Interest
1,3367076545365677261,0829159732,1322,5163,3113,148
Depreciation
2,2021,9792,6532,5352,7533,0133,3043,5533,9694,3305,5526,0906,199
Profit before tax
2,6164,1545,7779,0219,2029,3391,57314,2478,204-11,91519,1539,62119,260
Net Profit
1,7342,7333,7266,2096,3576,0292,63710,6646,383-8,97414,6947,36514,579
EPS in Rs
7.5911.9616.3027.1627.8126.3811.5448.8330.00-42.1869.0634.6168.52
Dividend Payout %
30%30%31%49%41%40%56%31%31%0%30%30%–

Compounded Sales Growth

10 Years:8%
5 Years:10%
3 Years:7%
TTM:-2%

Compounded Profit Growth

10 Years:11%
5 Years:17%
3 Years:6%
TTM:234%

Stock Price CAGR

10 Years:15%
5 Years:27%
3 Years:49%
1 Year:31%

Return on Equity

10 Years:19%
5 Years:17%
3 Years:12%
Last Year:17%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
3393393391,0161,5241,5241,5241,4521,4191,4191,4192,1282,128
Reserves
14,67315,68317,63119,33122,42426,65127,43834,73437,25826,29439,61143,83049,820
Borrowings
32,16620,33521,16721,25020,99127,24043,02142,91646,59168,00564,12067,44860,028
Other Liabilities
30,81531,19330,44236,88241,87848,43242,03952,20564,94159,39568,64372,81473,745
Total Liabilities
77,99367,55169,57978,47986,817103,847114,022131,307150,208155,114173,792186,221185,721
Fixed Assets
25,91229,06333,10836,13237,97240,97948,29049,90157,13467,53978,79981,38881,329
Gross Block
42,46748,17535,73541,16545,69151,58961,75066,76677,52191,889108,493116,643–
Accumulated Depreciation
16,55519,1122,6285,0337,71910,61013,46016,86620,38724,35129,69435,255–
CWIP
4,5863,4741,8531,8103,9859,49617,14424,23426,76622,80316,67917,77218,564
Investments
10,86011,24610,57910,91911,10511,81912,51214,99317,94421,21125,67824,23524,725
Other Assets
36,63623,76724,04029,61833,75541,55336,07642,18148,36543,56252,63662,82661,103
Total Assets
77,99367,55169,57978,47986,817103,847114,022131,307150,208155,114173,792186,221185,721

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
8,80817,8416,7839,98311,0188,4505,45317,72215,890-3,35923,92014,276
Cash from Investing Activity
-3,779-3,291-4,354-5,310-7,391-11,383-14,166-12,728-12,565-10,933-13,412-10,282
Cash from Financing Activity
-5,681-14,568-3,719-4,015-4,3242,6918,478-4,393-3,11915,477-15,810-4,426
Net Cash Flow
-653-18-1,290658-697-243-2346012051,185-5,302-432

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
96889851176810
Inventory Days
332531423530285240253235
Days Payable
191722282925173030202627
Cash Conversion Cycle
231417211512173317111418
Working Capital Days
-1-3-8-35-29-25-34-38-28-29-33-35
ROCE %
9%12%17%24%23%20%6%20%11%-11%22%12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%
FIIs
15.65%14.36%13.99%13.26%14.26%13.80%13.22%14.11%14.44%12.55%13.55%14.48%
DIIs
19.63%21.40%22.33%22.60%21.27%22.18%21.47%21.67%21.81%23.55%23.16%22.24%
Public
9.81%9.33%8.77%9.23%9.56%9.10%10.39%9.31%8.82%8.98%8.38%8.37%

* The classifications might have changed from Sep'2022 onwards.ℹ️

Documents

Announcements

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating

17 Nov - SES ESG Research assigned ESG rating 62.2 to HindPetro; company didn't engage rater.

Announcement under Regulation 30 (LODR)-Newspaper Publication

14 Nov - Public Notice to Shareholders - Special Window for re-lodgement of transfer requests of physical shares in reference to SEBI Circular dated July 02, 2025

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

5 Nov - HINDPETRO posted transcript link for Oct 31, 2025 conference call; link provided to exchanges.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

4 Nov - HPCL senior management to attend JM Financial Flagship India Conference in Mumbai on November 20, 2025 at 2:00 PM.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

4 Nov - HPCL senior management to attend UBS India Summit on Nov 12, 2025, Mumbai, from 12:00 PM; no UPSI.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

2d from icra

Rating update

27 Oct from crisil

Rating update

6 Oct from fitch

Rating update

30 May from crisil

Rating update

6 Mar from icra

Rating update

3 Mar from fitch

Concalls

Oct 2025

PPT

Aug 2025

TranscriptPPTRecording

May 2025

TranscriptPPTRecording

Jan 2025

TranscriptPPT

Oct 2024

TranscriptPPT

May 2024

PPTRecording

May 2024

Recording

Nov 2023

TranscriptPPTRecording

Aug 2023

PPT

May 2023

PPT

Mar 2023

PPT

Aug 2019

PPT

Jun 2019

PPT

Dec 2018

PPT

May 2018

PPT

Jun 2017

PPT

Aug 2016

PPT

Jul 2016

PPT