On 6 Nov 2026, Hindustan Petroleum Corporation was priced at ₹387.15, or 57.4× trailing earnings, against an industry P/E of 14.3×, and the shares are 24% below their 52-week high. Sales grew 0.2% a year over 3 years, with ROCE of 23% and ROE of 2.6%. Debt is 1.40× equity, and its dividend yield is 6.3%. It is a mid-cap company with a market cap of ₹82,379 Cr, ranked 4th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares fell 22% over the past year.
- ₹375.05
- ₹387.15
- ₹369.50
- ₹380.05
- 42.2 L
Health check
- ReturnsBehind
−21.6% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 57.4 vs industry 14.3.
- GrowthStrong
Sales +0.2% a year over 3 years.
- ProfitabilityStrong
ROCE 23.3% vs peer median 20.5%.
- Balance sheetFair
Debt 1.40× equity, interest covered 8.5×, Piotroski 8 of 9.
- Red flags2 to check
Return on equity is low at 2.6%.
Mid cap
Moves with the market
Key metrics
- Market cap
- ₹82,379 Cr
- Mid cap
- P/E
- 57.4
- Industry 14.3
- Price to book
- 1.56
- Peers 1.81
- Dividend yield
- 6.26%
- ROE
- 2.6%
- Peers 20.4%
- ROCE
- 23.3%
- Peers 20.5%
- Debt to equity
- 1.40
- Debt ₹73,872 Cr
- EPS (TTM)
- ₹6.75
- Face value ₹10
- OPM (TTM)
- 1.2%
- Net margin 0.3%
- Sales growth
- +33.4%
- Latest quarter vs a year ago
- Profit growth
- −6.1%
- Latest quarter vs a year ago
- Price to sales
- 0.16
- EV/EBITDA 14.4
Strengths and risks
Strengths
- Return on capital employed of 23.3%.
- Dividend yield of 6.26%.
- Quarterly sales up 33.4% on a year ago.
Risks to check
- Return on equity is low at 2.6%.
- P/E of 57.4 against an industry P/E of 14.3.
About Hindustan Petroleum Corporation
Hindustan Petroleum Corporation Limited, together with its subsidiaries, engages in the refining and marketing of petroleum products in India and internationally. It operates through Downstream Petroleum and All Other segments. The company offers light distillates, including liquefied petroleum gas, motor spirits, naphtha, hexane, propylene, and solvents; and middle distillates, such as high-speed diesel, superior kerosene oil, light diesel oil, aviation…
- Headquarters
- Mumbai
- Employees
- 8,256
- Sector
- Energy
- ISIN
- INE094A01015
- Website
- hindustanpetroleum.com
Price range
- Avg volume (3M)
- 49.4 L
- 1-year return
- minus 21.6%
- From 52-week high
- minus 23.9%
Analyst consensus
Next results expected around 20 Jan 2027
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% |
| CHENNPETROChennai Petroleum Corporation | 1,441.80 | plus 1.64% | 21,470 | 3.8 | 4.4 | 33.4% | 9.5% | 0.16 | −6.0% | plus 44.3% |
| Median of 7 peers | – | 0.88% | 47,550 | 8.7 | 6.1 | 20.5% | 9.5% | 0.51 | −2.2% | −1.2% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,10,268 | 1,14,623 | 1,14,408 | 1,39,978 | 1,33,852 | |
| 1,03,904 | 1,09,300 | 1,07,654 | 1,53,179 | 1,26,707 | |
| 6,364 | 5,324 | 6,754 | −13,201 | 7,145 | |
| 5.8% | 4.6% | 5.9% | −9.4% | 5.3% | |
| 0 | 727 | 1,910 | −4,151 | 935 | |
| 817 | 734 | 1,020 | 818 | 1,259 | |
| 5,547 | 5,317 | 7,644 | −18,170 | 6,820 | |
| 25.9% | 24.6% | 20.6% | 32.5% | 46.8% | |
| 4,111 | 4,011 | 6,065 | −12,265 | 3,625 | |
| 19.32 | 18.85 | 28.50 | -57.64 | 17.04 |
Profit & loss
- Sales CAGR 3Y
- +0.2%
- ROE
- 2.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,33,498 | 4,31,994 | 4,31,994 | 4,36,280 | |
| – | minus 0.3% | 0.0% | +1.0% | |
| 4,39,629 | 4,07,480 | 4,16,053 | 4,04,261 | |
| −6,131 | 24,515 | 15,941 | 32,019 | |
| −1.4% | 5.7% | 3.7% | 7.3% | |
| 2,923 | 4,179 | 2,394 | 2,236 | |
| 2,012 | 2,409 | 3,192 | 3,145 | |
| 4,560 | 5,596 | 6,154 | 7,347 | |
| −204 | −188 | 10.9 | −125 | |
| −9,984 | 20,500 | 9,000 | 23,638 | |
| 30.1% | 21.9% | 25.2% | 23.7% | |
| −6,980 | 16,015 | 6,736 | 18,047 | |
| – | – | minus 57.9% | +167.9% | |
| -32.81 | 75.26 | 31.66 | 84.81 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,419 | 1,419 | 2,128 | 2,128 | |
| 30,844 | 45,502 | 49,016 | 63,428 | |
| 70,671 | 66,684 | 70,558 | 55,964 | |
| 58,987 | 69,180 | 73,042 | 81,519 | |
| 1,61,921 | 1,82,785 | 1,94,745 | 2,03,039 | |
| 92,721 | 98,641 | 1,03,184 | 1,07,313 | |
| 25,416 | 20,269 | 18,416 | 8,332 | |
| 726 | 1,704 | 1,844 | 2,699 | |
| 5,687 | 5,463 | 3,419 | 3,231 | |
| 37,371 | 56,707 | 67,882 | 81,464 | |
| 1,61,921 | 1,82,785 | 1,94,745 | 2,03,039 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −3,466 | 23,852 | 14,231 | 36,111 | |
| −11,384 | −13,019 | −10,559 | −11,404 | |
| 16,025 | −16,155 | −4,139 | −22,770 | |
| 1,175 | −5,322 | −467 | 1,936 | |
| −9,447 | −10,071 | −9,577 | −8,331 | |
| −12,913 | 13,781 | 4,653 | 27,779 | |
| −1,986 | −2,131 | −2,336 | −3,298 |
Shareholding pattern
- Promoters54.90%
- Public45.10%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.90% | 45.10% | 0.00 | |
| 30 Jun 2026 | 54.90% | 45.10% | 0.00 | |
| 31 Mar 2026 | 54.90% | 45.10% | 0.00 | |
| 31 Dec 2025 | 54.90% | 45.10% | 0.00 | |
| 30 Sep 2025 | 54.90% | 45.10% | – |
Major shareholders
Filings & events
News
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