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Hindustan Oil Exploration Company (HINDOILEXP) had a P/E of 79.9× on 6 Nov 2026, above the industry P/E of 77.3×, and the shares are 25% below their 52-week high. Its ROCE of 4.8% is the second-lowest among its 4 Oil & Gas E&P peers, and sales and net profit fell 22% and 31% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. The company has almost no debt. It is a small-cap company with a market cap of ₹2,008 Cr, ranked 4th of 5 Oil & Gas E&P companies by market cap; the shares rose 1.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹154.51
Day high
₹154.51
Day low
₹151.40
Prev. close
₹154.82
Volume
2.2 L

Health check

1 fair · 4 to check
  • ReturnsBehind

    +1.5% over a year, better than 1 of 4 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthShrinking

    Sales −22.2%, profit −31.4% a year over 3 years.

  • ProfitabilityWeak

    ROCE 4.8% vs peer median 6.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 6 of 9.

  • Red flags3 to check

    Return on equity is low at 4.6%.

Compared with 4 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas E&P

4 listed peers. Screen the industry

Small cap

₹2,008 Cr, #4 of 5 in its industry by size.

Defensive

Beta 0.58 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹299 Cr · profit ₹25 Cr
Market cap
₹2,008 Cr
Small cap
P/E
79.9
Industry 77.3
Price to book
1.44
Peers 5.17
Dividend yield
0.00%
ROE
4.6%
Peers 7.4%
ROCE
4.8%
Peers 6.6%
Debt to equity
0.04
Debt ₹50 Cr
EPS (TTM)
₹1.90
Face value ₹10
OPM (TTM)
3.1%
Net margin 8.4%
Sales growth
+45.2%
Latest quarter vs a year ago
Profit growth
−85.8%
Latest quarter vs a year ago
Price to sales
6.72
EV/EBITDA 23.7

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 45.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 4.6%.
  • Quarterly profit down 85.8% on a year ago.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Hindustan Oil Exploration Company

Hindustan Oil Exploration Company Limited, together with its subsidiaries, engages in the exploration, development, and production of onshore and offshore crude oil and natural gas in India. The company also provides oil field equipment and services. Hindustan Oil Exploration Company Limited was incorporated in 1983 and is based in Chennai, India.

Headquarters
Chennai
Employees
117
Sector
Energy
ISIN
INE345A01011
Website
hoec.com

Price range

52 weeks

₹117.50₹201.44

Today

₹151.40₹154.51
Avg volume (3M)
12.2 L
1-year return
plus 1.5%
From 52-week high
minus 24.6%

Peers · Oil & Gas E&P

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
DEEPINDSDeep Industries641.70plus 0.32%4,10719.911.66.7%33.0%0.1037.7%plus 29.2%
ANTELOPUSAntelopus Selan Energy888.60plus 0.62%3,13617.619.515.9%55.7%0.0133.2%plus 59.2%
PRABHAPrabha Energy198.71minus 0.73%3,1022207.9–0.1%18.1%0.38−43.4%minus 7.7%
HINDOILEXPHindustan Oil Exploration Company151.84minus 1.92%2,00879.915.64.8%3.1%0.04−22.2%plus 1.5%
GNRLGujarat Natural Resources10.82minus 11.31%1,66077.3152.96.5%46.5%0.0631.9%plus 3.7%
Median of 4 peers–−0.20%3,11948.619.56.6%39.7%0.0832.5%16.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
78.731575.4−206114
64.830968−212125
13.85.87.46.4−10.3
17.6%1.8%9.8%−3.1%−9.1%
2.92.42.36.720.2
4.44.22.84.13.3
32.5––––
44.746.996.6
1.9%28.8%−20.7%13.8%4.8%
43.92.88.37.86.2
3.320.210.630.590.47

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−22.2%
Profit CAGR 3Y
−31.4%
EPS CAGR 3Y
−31.4%
ROE
4.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
559749421263
–+34.0%minus 43.8%minus 37.5%
224428241133
335321180130
59.9%42.9%42.7%49.4%
−172.9680.3
36.128.621.417.1
73.78077.675.4
−10.832.91.426.8
19724815064.6
1.6%8.8%1.8%2.8%
19422614762.7
–+16.7%minus 35.0%minus 57.4%
14.6717.1211.134.74

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
132132132132
8151,0421,1891,252
36417412149.8
539603521736
1,8501,9511,9622,171
1,2751,2821,2251,522
66.773.383.3122
1.10.50.10
14545.910436.3
363550550490
1,8501,9511,9622,171

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
219123161178
−77−39.3−82.6−92.7
−27.2−215−77.7−79.6
115−1320.45.6
−71.8−18.6−32.5−175
1481041282.6

Shareholding pattern

Source: NSE filings
0.0%
promoters
  • Public100.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 20260.00%100.00%0.00
30 Jun 20260.00%100.00%0.00
31 Mar 20260.00%100.00%0.00
31 Dec 20250.00%100.00%0.00
30 Sep 20250.00%100.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you