Chennai Petroleum Corporation Ltd

₹ 625 -4.71%

08 Nov - close price

About

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]

Key Points

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]

Website BSE NSE

Market Cap ₹ 9,303 Cr.
Current Price ₹ 625
High / Low ₹ 1,275 / 579
Stock P/E 13.6
Book Value ₹ 502
Dividend Yield 8.80 %
ROCE 35.4 %
ROE 36.5 %
Face Value ₹ 10.0

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Pros

Stock is providing a good dividend yield of 8.80%.
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%

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

Part of BSE 250 SmallCap Index Nifty Total Market Nifty Smallcap 250 BSE 400 MidSmallCap Index BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap BSE Energy Nifty 500 Multicap 50:25:25 Nifty MidSmallcap 400

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	8,856	9,939	16,414	23,163	19,509	16,054	18,009	14,745	16,545	17,376	17,720	17,095	12,087
	8,550	9,393	14,826	19,756	19,279	15,620	16,382	13,795	14,740	16,696	16,678	16,432	12,761
Operating Profit	306	546	1,588	3,407	230	434	1,627	950	1,804	680	1,042	663	-675
OPM %	3%	5%	10%	15%	1%	3%	9%	6%	11%	4%	6%	4%	-6%
	8	1	6	2	10	2	2	2	5	2	3	4	23
Interest	103	113	96	76	61	108	84	57	65	50	51	48	52
Depreciation	122	132	132	133	143	141	157	147	157	151	151	150	153
Profit before tax	89	301	1,367	3,199	36	186	1,388	747	1,588	481	844	470	-857
Tax %	27%	24%	27%	26%	21%	23%	28%	27%	25%	25%	27%	27%	-27%
	65	229	994	2,359	28	143	1,004	548	1,191	360	612	343	-629
EPS in Rs	4.40	15.37	66.78	158.40	1.87	9.60	67.44	36.82	79.95	24.17	41.12	23.01	-42.27
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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	TTM
	42,883	49,131	41,637	25,716	27,522	32,369	41,113	36,973	22,222	43,068	76,271	66,024	64,278
	43,743	48,544	41,779	24,367	25,645	30,288	40,595	39,076	20,209	40,336	70,574	61,548	62,568
Operating Profit	-860	587	-142	1,349	1,877	2,082	518	-2,103	2,014	2,732	5,698	4,476	1,710
OPM %	-2%	1%	-0%	5%	7%	6%	1%	-6%	9%	6%	7%	7%	3%
	15	40	30	36	40	39	59	24	107	16	15	13	33
Interest	478	569	405	353	274	322	421	415	376	413	331	224	200
Depreciation	375	390	226	274	279	340	453	523	467	504	573	606	606
Profit before tax	-1,698	-331	-742	759	1,365	1,458	-298	-3,016	1,277	1,832	4,809	3,660	937
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	685
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	46.03
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:	-2%

Compounded Profit Growth
10 Years:	27%
5 Years:	71%
3 Years:	125%
TTM:	-76%

Stock Price CAGR
10 Years:	21%
5 Years:	33%
3 Years:	75%
1 Year:	7%

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	Sep 2024
Equity Capital	149	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	7,331
	5,905	5,600	5,399	4,567	5,501	4,491	6,668	8,698	9,167	9,238	4,260	2,786	6,114
	6,189	6,644	3,929	3,430	2,681	5,851	3,978	2,779	3,487	5,298	5,345	6,768	3,882
Total Liabilities	14,121	13,966	10,983	10,358	11,496	14,198	13,955	12,669	14,078	17,327	15,885	18,147	17,476
	4,568	4,292	4,077	4,119	3,883	5,914	6,977	7,034	7,142	6,967	7,637	7,506	7,426
CWIP	173	344	782	1,679	2,763	1,410	1,199	1,598	1,550	1,210	331	210	219
Investments	24	25	25	12	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	10,419	9,819
Total Assets	14,121	13,966	10,983	10,358	11,496	14,198	13,955	12,669	14,078	17,327	15,885	18,147	17,476

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	11	17
ROCE %	-16%	3%	-5%	16%	21%	21%	1%	-26%	16%	20%	46%	35%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%
	2.67%	3.37%	4.01%	4.66%	5.07%	7.67%	8.49%	11.37%	14.70%	15.86%	15.77%	16.17%
	5.85%	5.36%	2.67%	3.29%	3.25%	3.40%	1.97%	1.76%	1.24%	0.75%	0.79%	0.30%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	24.20%	23.98%	26.03%	24.76%	24.40%	21.63%	22.25%	19.59%	16.78%	16.11%	16.14%	16.25%
No. of Shareholders	86,694	82,407	94,373	1,07,400	1,08,330	1,01,135	98,284	1,01,030	99,496	1,06,619	1,17,204	1,42,073

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%	67.29%
	12.94%	10.67%	8.81%	3.94%	0.71%	3.37%	7.67%	15.86%	16.17%
	8.36%	10.66%	13.55%	16.03%	6.55%	5.36%	3.40%	0.75%	0.30%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%
	11.41%	11.38%	10.35%	12.74%	25.45%	23.98%	21.63%	16.11%	16.25%
No. of Shareholders	61,194	69,585	69,145	68,359	85,027	82,407	1,01,135	1,06,619	1,42,073

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Chennai Petroleum Corporation Ltd

Chennai Petroleum Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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