Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.[1]
- Market Cap ₹ 13,370 Cr.
- Current Price ₹ 898
- High / Low ₹ 1,123 / 338
- Stock P/E 4.93
- Book Value ₹ 577
- Dividend Yield 3.01 %
- ROCE 34.6 %
- ROE 36.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is providing a good dividend yield of 3.01%.
- Company has delivered good profit growth of 71.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 53.9%
- Company's working capital requirements have reduced from 22.8 days to 17.0 days
Cons
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Refineries Industry: Refineries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
42,883 | 49,131 | 41,637 | 25,716 | 27,522 | 32,369 | 41,113 | 36,973 | 22,222 | 43,068 | 76,271 | 66,385 | |
43,743 | 48,544 | 41,779 | 24,367 | 25,645 | 30,288 | 40,595 | 39,076 | 20,209 | 40,336 | 70,574 | 61,910 | |
Operating Profit | -860 | 587 | -142 | 1,349 | 1,877 | 2,082 | 518 | -2,103 | 2,014 | 2,732 | 5,698 | 4,476 |
OPM % | -2% | 1% | -0% | 5% | 7% | 6% | 1% | -6% | 9% | 6% | 7% | 7% |
15 | 40 | 30 | 36 | 40 | 39 | 59 | 24 | 107 | 16 | 15 | 13 | |
Interest | 478 | 569 | 405 | 353 | 274 | 322 | 421 | 415 | 376 | 413 | 331 | 223 |
Depreciation | 375 | 390 | 226 | 274 | 279 | 340 | 453 | 523 | 467 | 504 | 573 | 606 |
Profit before tax | -1,698 | -331 | -742 | 759 | 1,365 | 1,458 | -298 | -3,016 | 1,277 | 1,832 | 4,809 | 3,660 |
Tax % | -4% | 8% | 95% | 2% | 25% | 37% | 28% | 31% | 81% | 27% | 27% | 26% |
-1,767 | -304 | -39 | 742 | 1,030 | 913 | -213 | -2,078 | 238 | 1,342 | 3,534 | 2,711 | |
EPS in Rs | -118.65 | -20.40 | -2.62 | 49.82 | 69.15 | 61.31 | -14.33 | -139.52 | 15.95 | 90.15 | 237.31 | 182.07 |
Dividend Payout % | -0% | -0% | -0% | 8% | 30% | 30% | -0% | -0% | -0% | 2% | 11% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 10% |
3 Years: | 44% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 71% |
3 Years: | 125% |
TTM: | -23% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 34% |
3 Years: | 95% |
1 Year: | 156% |
Return on Equity | |
---|---|
10 Years: | 26% |
5 Years: | 33% |
3 Years: | 54% |
Last Year: | 36% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 | 149 |
Reserves | 1,877 | 1,573 | 1,506 | 2,212 | 3,165 | 3,707 | 3,161 | 1,043 | 1,276 | 2,641 | 6,132 | 8,444 |
Preference Capital | -0 | -0 | -0 | -0 | -0 | 500 | 547 | 573 | 606 | 500 | 500 | |
5,905 | 5,600 | 5,399 | 4,567 | 5,501 | 3,991 | 6,121 | 8,126 | 8,561 | 8,738 | 3,760 | 2,786 | |
6,189 | 6,644 | 3,929 | 3,430 | 2,681 | 6,351 | 4,525 | 3,351 | 4,093 | 5,798 | 5,845 | 6,724 | |
Total Liabilities | 14,121 | 13,966 | 10,983 | 10,358 | 11,496 | 14,198 | 13,955 | 12,669 | 14,078 | 17,327 | 15,885 | 18,103 |
4,568 | 4,292 | 4,077 | 4,119 | 3,883 | 5,914 | 6,977 | 7,034 | 7,142 | 6,967 | 7,637 | 7,506 | |
CWIP | 173 | 344 | 782 | 1,679 | 2,763 | 1,410 | 1,199 | 1,598 | 1,550 | 1,210 | 331 | 210 |
Investments | 24 | 25 | 25 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
9,355 | 9,305 | 6,098 | 4,547 | 4,838 | 6,863 | 5,767 | 4,025 | 5,374 | 9,139 | 7,905 | 10,375 | |
Total Assets | 14,121 | 13,966 | 10,983 | 10,358 | 11,496 | 14,198 | 13,955 | 12,669 | 14,078 | 17,327 | 15,885 | 18,103 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,350 | 1,141 | 1,078 | 2,292 | 609 | 2,757 | -145 | -621 | 452 | 1,026 | 5,749 | 2,694 | |
-393 | -279 | -477 | -1,142 | -1,169 | -969 | -1,273 | -963 | -548 | -676 | -403 | -589 | |
1,746 | -856 | -608 | -1,152 | 561 | -1,788 | 1,418 | 1,584 | 97 | -343 | -5,354 | -2,106 | |
Net Cash Flow | 2 | 5 | -6 | -1 | 0 | -0 | 0 | -0 | 1 | 7 | -7 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 17 | 16 | 11 | 14 | 18 | 3 | 1 | 3 | 2 | 1 | 3 |
Inventory Days | 55 | 52 | 34 | 50 | 48 | 60 | 45 | 23 | 87 | 71 | 32 | 48 |
Days Payable | 40 | 40 | 29 | 39 | 25 | 56 | 23 | 15 | 36 | 30 | 16 | 26 |
Cash Conversion Cycle | 36 | 28 | 21 | 22 | 37 | 22 | 25 | 9 | 54 | 43 | 17 | 24 |
Working Capital Days | 31 | 23 | 9 | 14 | 29 | -3 | 14 | 2 | 31 | 36 | 15 | 17 |
ROCE % | -16% | 3% | -5% | 16% | 21% | 21% | 1% | -26% | 16% | 20% | 46% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Cessation
3 May - In reference to our Letter No:CS:01:100 dated 02.05.2024,regarding additional details on cessation of Ms.Sukla Mistry on retirement w.e.f.01.05.2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 May - Transcripts of the Earnings call held on 29.04.2024
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Announcement under Regulation 30 (LODR)-Change in Directorate
3 May - Under Reg 30 of SEBI (LODR) Regulations, 2015 - Appointment of Shri Subhajit Sarkar (DIN: 09706305) as Non-Executive Director on the board of CPCL
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Announcement under Regulation 30 (LODR)-Cessation
2 May - OF CESSATION OF MS.SUKLA MISTRY (DIN: 09309378) DIRECTOR REPRESENTING IOCL W.E.F 01.05.2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Apr - Link for Audio recordings of investor meeting for the Quarter and Year ended 31.03.2024
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
Concalls
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Apr 2024TranscriptNotesPPTREC
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May 2023TranscriptPPT
Product Offering
The main products of the Company are LPG, Motor Spirit, Superior Kerosene, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Fuel Oil, Lube Base Stocks and Bitumen. These products are marketed by parent company IOCL. It also produced Speciality products like Paraffin Wax, Mineral Turpentine Oil (MTO), Hexane, Petrochemical feedstocks, Linear Alkyl Benzene Feedstock (LABFS), Petroleum Coke and Sulphur and they are marketed by the company itself. [1]