Confidence Petroleum India Ltd

₹ 47.8 0.08%

27 Mar - close price

confidencepetro.com BSE: 526829 NSE: CONFIPET

About

Confidence Petroleum India Ltd is engaged in manufacturing of LPG cylinders and is also a supplier of auto LPG in India with its network of bottling plants and Auto LPG dispensing stations across India. It also supplies packed LPG cylinders and is also engaged in LPG bottling catering to industrial and commercial customers.^[1]

Key Points

Business Segments
1) LPG Division (88% in H1 FY25 vs 73% in FY22): ^[1] ^[2]
a) LPG Bulk Marketing: In May 2022, the company commenced the import of LPG from International markets, particularly Middle Eastern countries, strengthening bulk LPG usage in industries and offering an optimal blend at competitive prices. It is a Leading importer of Propane, Butane, and LPG. It plans to expand this business due to substantial demand across India’s industrial, retail, and commercial sectors. ^[3]

Website BSE NSE

Market Cap ₹ 1,588 Cr.
Current Price ₹ 47.8
High / Low ₹ 102 / 46.0
Stock P/E 23.0
Book Value ₹ 38.8
Dividend Yield 0.21 %
ROCE 13.5 %
ROE 10.2 %
Face Value ₹ 1.00

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Pros

Company's median sales growth is 22.1% of last 10 years

Cons

Company has a low return on equity of 11.5% over last 3 years.
Promoter holding has decreased over last 3 years: -3.07%

* 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: Miscellaneous Industry: Miscellaneous

Part of Nifty Total Market BSE Allcap BSE Energy BSE SmallCap Nifty Microcap 250

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	394	384	355	461	720	669	875	639	554	631	778	746	697
	345	346	317	405	662	605	799	550	470	520	703	668	616
Operating Profit	49	37	39	56	58	63	76	89	84	110	75	78	81
OPM %	12%	10%	11%	12%	8%	9%	9%	14%	15%	18%	10%	10%	12%
	1	4	0	1	4	2	1	5	9	2	5	11	22
Interest	3	3	3	7	7	11	8	21	19	26	19	20	19
Depreciation	17	19	18	20	20	27	25	26	42	68	41	44	47
Profit before tax	31	19	18	31	36	27	45	47	32	19	21	25	37
Tax %	24%	25%	26%	26%	26%	22%	26%	34%	15%	26%	25%	15%	28%
	24	15	14	25	28	21	33	31	27	14	15	22	26
EPS in Rs	0.81	0.48	0.50	0.85	0.97	0.68	1.12	0.94	0.96	0.31	0.45	0.53	0.92
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	316	269	306	355	497	607	1,005	1,078	863	1,428	2,205	2,698	2,852
	275	231	274	320	456	536	878	951	742	1,242	1,988	2,339	2,507
Operating Profit	41	37	32	35	41	71	126	127	121	186	216	359	344
OPM %	13%	14%	11%	10%	8%	12%	13%	12%	14%	13%	10%	13%	12%
	2	2	-14	1	2	3	5	6	3	6	10	17	41
Interest	15	13	12	11	12	12	11	12	9	9	27	74	84
Depreciation	25	22	29	23	24	24	30	51	52	67	84	160	199
Profit before tax	4	3	-22	2	7	38	90	69	63	116	115	143	102
Tax %	37%	36%	3%	44%	30%	29%	29%	24%	25%	25%	27%	26%
	2	2	-23	1	5	27	67	52	49	90	84	105	77
EPS in Rs	0.08	0.08	-0.89	0.04	0.19	1.04	2.44	1.91	1.74	3.16	2.85	3.19	2.21
Dividend Payout %	0%	0%	0%	0%	0%	5%	4%	0%	0%	3%	4%	3%

Compounded Sales Growth
10 Years:	26%
5 Years:	22%
3 Years:	46%
TTM:	4%

Compounded Profit Growth
10 Years:	49%
5 Years:	9%
3 Years:	27%
TTM:	-35%

Stock Price CAGR
10 Years:	38%
5 Years:	24%
3 Years:	-9%
1 Year:	-43%

Return on Equity
10 Years:	10%
5 Years:	11%
3 Years:	12%
Last Year:	10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	26	26	26	26	26	26	27	27	28	28	28	32	33
Reserves	212	215	187	188	156	227	365	420	505	666	778	1,150	1,256
	85	68	62	58	112	82	77	73	88	97	412	638	759
	90	98	97	91	113	141	151	185	168	259	421	383	416
Total Liabilities	413	407	372	363	407	476	620	705	789	1,050	1,640	2,202	2,464
	229	226	183	180	199	243	356	378	456	554	708	1,010	1,043
CWIP	8	7	15	15	29	23	20	39	19	63	37	23	44
Investments	7	8	8	8	10	13	29	8	12	29	30	35	36
	169	166	166	160	170	197	215	281	302	405	864	1,134	1,341
Total Assets	413	407	372	363	407	476	620	705	789	1,050	1,640	2,202	2,464

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	39	31	30	35	30	65	68	66	98	103	-125	263
	-14	-19	-13	-22	-108	-24	-152	-93	-142	-169	-204	-375
	-27	-12	-13	-16	75	-33	87	25	42	69	330	222
Net Cash Flow	-2	-0	5	-2	-4	8	4	-1	-3	3	1	110

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	77	88	74	57	45	37	21	26	28	17	21	21
Inventory Days	96	120	95	79	55	50	38	33	44	37	61	36
Days Payable	62	79	60	43	29	23	11	11	4	6	28	9
Cash Conversion Cycle	111	129	109	93	71	64	48	48	68	49	54	48
Working Capital Days	92	117	108	92	73	57	49	58	76	59	66	70
ROCE %	5%	5%	2%	4%	6%	15%	24%	16%	12%	17%	13%	14%

Shareholding Pattern

Numbers in percentages

3 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	59.53%	59.70%	60.07%	60.26%	61.45%	61.32%	61.32%	61.63%	56.12%	55.89%	55.89%	55.89%
	5.97%	4.33%	3.34%	2.89%	2.73%	1.94%	2.23%	2.13%	2.08%	1.94%	2.04%	2.40%
	0.00%	0.00%	0.00%	0.74%	0.92%	1.23%	1.26%	1.25%	1.19%	0.52%	0.43%	0.28%
	34.51%	35.97%	36.58%	36.10%	34.89%	35.53%	35.21%	35.00%	40.62%	41.65%	41.65%	41.45%
No. of Shareholders	74,805	77,141	72,225	67,937	67,071	66,823	72,788	80,753	1,06,891	1,15,818	1,17,362	1,14,159

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	49.47%	53.82%	52.14%	53.59%	57.41%	59.53%	61.45%	56.12%	55.89%
	0.78%	0.12%	4.98%	6.10%	6.32%	5.97%	2.73%	2.08%	2.40%
	0.00%	1.16%	1.00%	0.76%	0.00%	0.00%	0.92%	1.19%	0.28%
	49.75%	44.90%	41.88%	39.55%	36.27%	34.51%	34.89%	40.62%	41.45%
No. of Shareholders	17,401	22,493	25,631	27,423	34,939	74,805	67,071	1,06,891	1,14,159

* 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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