Hindustan Oil Exploration Company Ltd

Hind.Oil Explor. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Oil Exploration Company Ltd

₹ 187 1.08%
22 Nov - close price
hoec.com BSE: 500186 NSE: HINDOILEXP
About

Hindustan Oil Exploration Company Limited was incorporated in 1983, It is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. The company is India's first private E&P company and its assets are geographically spread across Tamil Nadu, Maharashtra, Gujarat, Assam and Arunachal Pradesh (both offshore and onshore). [1][2][3]

Key Points

Asset Portfolio
The company has an India Focused Asset Portfolio with 10 Oil & Gas blocks of discovered resources and 1 Exploratory block. It has a presence in 4 out of 7 producing basins in India. [1] [2]

Website BSE NSE
  • Market Cap ₹ 2,477 Cr.
  • Current Price ₹ 187
  • High / Low ₹ 294 / 157
  • Stock P/E 68.0
  • Book Value ₹ 77.6
  • Dividend Yield 0.00 %
  • ROCE 9.07 %
  • ROE 8.37 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 12.2% over last 3 years.
  • Earnings include an other income of Rs.38.0 Cr.
  • Company has high debtors of 159 days.
  • Company's cost of borrowing seems high

* 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: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services

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

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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
31.05 36.24 38.24 62.24 75.84 101.34 141.63 90.14 65.79 95.06 213.02 65.16 47.43
13.81 15.46 14.92 26.63 60.10 72.30 26.75 62.66 21.79 89.94 191.01 56.50 44.30
Operating Profit 17.24 20.78 23.32 35.61 15.74 29.04 114.88 27.48 44.00 5.12 22.01 8.66 3.13
OPM % 55.52% 57.34% 60.98% 57.21% 20.75% 28.66% 81.11% 30.49% 66.88% 5.39% 10.33% 13.29% 6.60%
6.18 1.95 -28.29 7.95 5.85 5.03 9.07 10.33 5.05 11.60 7.45 12.31 6.59
Interest 1.51 1.51 2.92 5.15 9.98 10.18 6.54 7.62 5.53 4.95 4.21 3.97 3.84
Depreciation 4.50 3.62 3.00 4.19 5.04 7.97 10.44 8.85 4.77 6.95 6.15 5.61 4.77
Profit before tax 17.41 17.60 -10.89 34.22 6.57 15.92 106.97 21.34 38.75 4.82 19.10 11.39 1.11
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
17.41 17.60 -10.89 34.21 6.56 15.92 106.97 21.34 38.75 4.82 19.10 11.39 1.11
EPS in Rs 1.32 1.33 -0.82 2.59 0.50 1.20 8.09 1.61 2.93 0.36 1.44 0.86 0.08
Raw PDF

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
109 60 40 28 25 49 237 180 99 130 381 464 421
44 87 52 22 21 17 62 58 49 55 186 363 382
Operating Profit 64 -27 -12 6 4 31 175 122 50 76 195 101 39
OPM % 59% -45% -29% 22% 15% 64% 74% 68% 50% 58% 51% 22% 9%
-560 6 -1,156 14 46 16 12 48 39 -18 28 33 38
Interest 11 14 15 5 0 1 2 5 6 8 32 23 17
Depreciation 87 103 39 12 9 8 35 24 19 15 28 27 23
Profit before tax -594 -138 -1,221 3 40 38 150 141 65 36 164 84 36
Tax % -7% -9% 0% -2% 10% 0% 1% 0% 0% 0% 0% 0%
-551 -125 -1,221 3 36 38 149 141 65 36 164 84 36
EPS in Rs -42.21 -9.56 -93.57 0.27 2.79 2.90 11.42 10.65 4.92 2.71 12.38 6.35 2.74
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 23%
5 Years: 14%
3 Years: 67%
TTM: 5%
Compounded Profit Growth
10 Years: 10%
5 Years: -11%
3 Years: 36%
TTM: -80%
Stock Price CAGR
10 Years: 15%
5 Years: 15%
3 Years: 3%
1 Year: 15%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 8%

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 131 131 131 131 131 131 131 132 132 132 132 132 132
Reserves 526 398 141 165 201 243 392 533 598 634 797 881 893
886 947 0 0 0 0 0 0 150 256 284 74 62
206 176 151 183 184 161 162 236 155 253 358 421 374
Total Liabilities 1,748 1,652 423 478 515 534 684 901 1,035 1,275 1,571 1,508 1,462
9 9 8 8 10 17 17 17 16 16 16 16 772
CWIP 339 337 118 130 6 6 2 139 274 511 27 31 40
Investments 28 27 23 67 152 42 171 151 90 60 174 60 70
1,372 1,279 274 273 348 469 494 594 655 688 1,354 1,401 580
Total Assets 1,748 1,652 423 478 515 534 684 901 1,035 1,275 1,571 1,508 1,462

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
75 19 11 91 98 -7 159 196 -65 110 184 -20
-317 -40 2 -1 -32 -60 -149 -186 -165 -262 -60 115
243 -53 -24 0 0 0 0 2 150 105 2 -226
Net Cash Flow 1 -74 -11 90 66 -67 11 12 -80 -47 125 -130

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 50 39 28 28 69 120 60 71 103 38 41 159
Inventory Days 3,808 449
Days Payable 1,115 1,554
Cash Conversion Cycle 50 39 28 2,720 69 120 60 71 103 38 41 -946
Working Capital Days -361 -1,604 649 652 -405 129 66 58 766 308 218 207
ROCE % -1% -8% -5% 1% 4% 8% 32% 18% 5% 8% 17% 9%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
0.96% 0.93% 0.77% 0.78% 0.62% 0.62% 0.74% 0.97% 1.25% 1.31% 1.80% 1.64%
4.08% 3.61% 3.13% 2.87% 2.73% 2.81% 1.45% 4.00% 0.61% 0.66% 0.52% 0.28%
0.00% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00%
94.96% 95.44% 96.08% 96.33% 96.64% 96.54% 97.77% 95.03% 98.14% 98.01% 97.67% 98.07%
No. of Shareholders 69,15571,97174,04878,53278,37877,19072,65784,12087,97898,32995,20294,186

* 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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