Confidence Petroleum India (CONFIPET) had a P/E of 14.9× on 6 Nov 2026, above the industry P/E of 14.3×, and the shares are 35% below their 52-week high. Its ROCE of 9.7% is the second-lowest among the 7 largest Oil & Gas Refining & Marketing peers, and sales and net profit grew 29% and 4.7% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.49× equity. It is a small-cap company with a market cap of ₹1,999 Cr, ranked 13th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares rose 54% over the past year.
- ₹62.57
- ₹62.73
- ₹59.20
- ₹63.52
- 23.5 L
Health check
- ReturnsAhead
+53.7% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 14.9 vs industry 14.3.
- GrowthSteady
Sales +28.7%, profit +4.7% a year over 3 years.
- ProfitabilityWeak
ROCE 9.7% vs peer median 20.5%.
- Balance sheetFair
Debt 0.49× equity, interest covered 2.5×, Piotroski 7 of 9.
- Red flags2 to check
Return on equity is low at 6.8%.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,999 Cr
- Small cap
- P/E
- 14.9
- Industry 14.3
- Price to book
- 1.41
- Peers 1.81
- Dividend yield
- 0.17%
- ROE
- 6.8%
- Peers 17.3%
- ROCE
- 9.7%
- Peers 20.5%
- Debt to equity
- 0.49
- Debt ₹761 Cr
- EPS (TTM)
- ₹4.05
- Face value ₹1
- OPM (TTM)
- 6.8%
- Net margin 2.2%
- Sales growth
- +116.6%
- Latest quarter vs a year ago
- Profit growth
- +207.0%
- Latest quarter vs a year ago
- Price to sales
- 0.33
- EV/EBITDA 6.4
Strengths and risks
Strengths
- Quarterly profit up 207.0% on a year ago.
- Quarterly sales up 116.6% on a year ago.
- Promoter stake up from 55.9% to 60.3%.
Risks to check
- Return on equity is low at 6.8%.
- 35% below its 52-week high.
About Confidence Petroleum India
Confidence Petroleum India Limited manufactures and sells LPG cylinders in India and internationally. The company is involved in the LPG bulk marketing business. It also provides auto LPG under the GoGas brand through Auto LPG dispensing stations; and packed LPG for households, commercial establishments and industries, as well as customized bulk LPG solutions to industrial customers. In addition, the company engages in bottling activities; compressed…
- Headquarters
- Nagpur
- Employees
- 815
- Sector
- Energy
- ISIN
- INE552D01024
- Website
- confidencegroup.co
Price range
- Avg volume (3M)
- 35.8 L
- 1-year return
- plus 53.7%
- From 52-week high
- minus 35.4%
Peers · Oil & Gas Refining & Marketing
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCEReliance Industries | 1,320.00 | plus 0.50% | 17,86,286 | 21.8 | 10.7 | 9.0% | 11.2% | 0.44 | 6.4% | minus 10.8% |
| IOCIndian Oil Corporation | 146.25 | plus 1.21% | 2,06,523 | 4.3 | 3.8 | 20.5% | 7.3% | 0.58 | −2.2% | minus 14.6% |
| BPCLBharat Petroleum Corporation | 319.90 | plus 0.88% | 1,38,789 | 8.7 | 3.8 | 26.4% | 3.4% | 0.62 | −1.2% | minus 15.0% |
| HINDPETROHindustan Petroleum Corporation | 387.15 | plus 1.87% | 82,379 | 57.4 | 4.2 | 23.3% | 1.2% | 1.40 | 0.2% | minus 21.6% |
| PETRONETPetronet LNG | 317.00 | 0.00% | 47,550 | 10.3 | 7.1 | 21.2% | 16.0% | 0.09 | −9.7% | plus 13.0% |
| AEGISLOGAegis Logistics | 1,141.10 | minus 3.77% | 40,053 | 30.1 | 26.7 | 14.2% | 20.9% | 0.51 | −1.3% | plus 55.4% |
| MRPLMangalore Refinery & Petrochemicals | 175.67 | plus 1.12% | 30,788 | 7.0 | 6.1 | 19.0% | 6.3% | 0.60 | −6.7% | minus 1.2% |
| CONFIPETConfidence Petroleum India | 60.18 | minus 5.26% | 1,999 | 14.9 | 7.8 | 9.7% | 6.8% | 0.49 | 28.7% | plus 53.7% |
| Median of 7 peers | – | 0.88% | 82,379 | 10.3 | 6.1 | 20.5% | 7.3% | 0.58 | −1.3% | −10.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,112 | 983 | 1,394 | 1,216 | 2,409 | |
| 1,029 | 901 | 1,308 | 1,120 | 2,265 | |
| 82.8 | 82.4 | 86.1 | 95.3 | 144 | |
| 7.4% | 8.4% | 6.2% | 7.8% | 6.0% | |
| 6.8 | 10.6 | 9.1 | 6 | 3.2 | |
| 21 | 24.1 | 25 | 13.6 | 21 | |
| 41.2 | 41.5 | 42.8 | 45.1 | 42.2 | |
| 27.4 | 27.4 | 27.4 | 42.6 | 83.6 | |
| 25.2% | 25.5% | 22.2% | 19.3% | 25.2% | |
| 20.2 | 20.3 | 21.1 | 31.4 | 61.9 | |
| 0.61 | 0.62 | 0.63 | 0.94 | 1.86 |
Profit & loss
- Sales CAGR 3Y
- +28.7%
- Profit CAGR 3Y
- +4.7%
- EPS CAGR 3Y
- 0.0%
- ROE
- 6.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,205 | 2,698 | 3,146 | 4,705 | |
| – | +22.4% | +16.6% | +49.6% | |
| 1,988 | 2,339 | 2,821 | 4,358 | |
| 216 | 359 | 324 | 347 | |
| 9.8% | 13.3% | 10.3% | 7.4% | |
| 4.7 | 9 | 39.9 | 26.6 | |
| 21.9 | 67.8 | 76.1 | 80.4 | |
| 84.1 | 160 | 175 | 171 | |
| – | – | – | 1.4 | |
| 115 | 140 | 113 | 124 | |
| 26.7% | 26.6% | 22.8% | 22.8% | |
| 81 | 101 | 86.2 | 92.9 | |
| – | +25.2% | minus 14.9% | +7.7% | |
| 2.80 | 3.30 | 2.60 | 2.80 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 28.4 | 31.8 | 33.2 | 33.2 | |
| 778 | 1,150 | 1,295 | 1,385 | |
| 413 | 633 | 765 | 761 | |
| 421 | 388 | 459 | 556 | |
| 1,640 | 2,203 | 2,552 | 2,736 | |
| 654 | 944 | 1,045 | 1,055 | |
| 49.1 | 41.6 | 106 | 51.6 | |
| – | 6 | – | −3.6 | |
| 11 | 121 | 147 | 54.8 | |
| 925 | 1,091 | 1,254 | 1,579 | |
| 1,640 | 2,203 | 2,552 | 2,736 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −125 | 263 | 5.3 | 400 | |
| −204 | −375 | −130 | −339 | |
| 330 | 222 | 152 | −154 | |
| 0.6 | 110 | 26.4 | −92.4 | |
| – | −245 | −272 | −117 | |
| −125 | 17.9 | −267 | 283 | |
| −3.8 | −3.2 | −3.5 | −3.6 |
Shareholding pattern
- Promoters60.26%
- Public39.74%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.26% | 39.74% | plus 2.88 | |
| 30 Jun 2026 | 57.38% | 42.62% | plus 1.49 | |
| 31 Mar 2026 | 55.89% | 44.11% | 0.00 | |
| 31 Dec 2025 | 55.89% | 44.11% | 0.00 | |
| 30 Sep 2025 | 55.89% | 44.11% | – |
Major shareholders
Filings & events
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