NSE/HINDPETRO

HINDPETROHindustan Petroleum Corp Ltd

Oil & Gas · NSE

₹370.85+0.16%

52-wk low52-WEEK RANGE52-wk high

₹319.15+16.2% from low ·-25.7% from high₹499.05

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

HINDPETRO-2.23% · 1Y

Range high ₹508.45Range low ₹316.2Latest ₹370.85252 bars · daily-close · NSE bhavcopy + 10Y history

Oil & GasOil & Gas Refining & MarketingLargecapMedium Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -6.1% — underperformer
· Below 200-DMA (-11.0%) — downtrend

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 5.2 vs sector median 11.9 — 56% cheaper

Growth

Medium

Steady but not standout growth.

· Revenue YoY +4.1% — slow
· Profit YoY +57.7% — strong earnings growth

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 27.1% — high-quality compounder
· Net margin 1.6% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(68/100)

Durability

72/100

Reasonable financial health; watch the weaker inputs.

Show 4 drivers

Piotroski F-score8/9 (89pt)
Altman Z" score1.65 (56pt)
Debt/Equity1.11 (47pt)
ROE27.1% (100pt)

Valuation

A+

91/100

Attractively valued vs peers and growth — good margin of safety.

Show 4 drivers

P/E vs sector (5.2 / 11.9)44% (100pt)
P/B1.42 (70pt)
Dividend yield4.18% (100pt)
EV/EBITDA5.0 (90pt)

Momentum

41/100

Momentum is muted; trend is unclear or rolling over.

Show 5 drivers

52w change-6.1% (37pt)
DMA-trend alignmentdown (25pt)
RSI (14)53.3 (60pt)
Price vs 200-DMA-13.4% (33pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)5.25

UNDERVALUED

CheapestP/E 5.2 at 8th %ile of sector — cheaper than 92% of peers.Most expensive

P/B1.42

FAIR

CheapestP/B 1.42 at 50th %ile of sector.Most expensive

EV/EBITDA5.04

UNDERVALUED

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Jul +7.58% · Worst: Feb -5.09%

Jan

-1.0%

45% win

Feb

-5.1%

33% win

Mar

+2.2%

42% win

Apr

+3.5%

83% win

May

+4.2%

82% win

Jun

-0.1%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.55%

Median

+1.17%

Std dev

10.69%

Best

+40.3%

Worst

-23.6%

% positive

56%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 3

High-quality compounder (ROE 27.1%)
Above 20% ROE consistently flags capital-efficient businesses
Financial quality score 8/9
Piotroski ≥7 historically associated with outperformance
Top quartile ROE in Oil & Gas
Rank 1 of 12 peers

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 2

16% upside to consensus target (₹441)
31 analysts see fair value materially higher
Attractive income yield (4.18%)
Payout ratio 21% leaves room for dividend growth

THREATS · 1

Net debt is 73% of market cap
Financing costs become material in rising-rate regimes

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+0.2%

+2.8%

+0.6%

-18.0%

-14.6%

+0.5%

+30.6%

+18.1%

10Y

+11.7%

Fundamentals

VALUATION

Market cap

₹80,751 Cr

P/E (TTM)

5.2

P/E (fwd)

6.4

next 12m

P/B

1.42

EV/EBITDA

5.0

Book value

₹267.40

per share

PROFITABILITY · QUALITY

ROE

27.1%

ROCE

—

Net margin

1.6%

Op margin

4.6%

Gross margin

10.7%

D/E

1.11

GROWTH · MARKET

Rev YoY

+4.1%

Profit YoY

+57.7%

Div yield

4.18%

Payout

21.4%

52w change

-6.1%

Beta

1.02

market-ish

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Trading at -56.0% vs sector median P/EP/E 5.2 vs Oil & Gas median 11.9 — relative value on earnings
+High ROE of 27.1%Capital-efficient business — every rupee of equity generates 27.1 paise of earnings
+Profit growing fast (+57.7% YoY)Operating leverage kicking in — bottom line out-growing top line
+High dividend yield (4.18%)Meaningful income return even before price appreciation
++16% upside to analyst consensus target31 analysts average target of ₹441 vs current ₹380

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Oil & Gas · 12 peers

P/E (TTM)

This stock

5.25

Sector median

11.92

Rank 1/12 (100th %ile)

ROE

This stock

27.1%

Sector median

13.3%

Rank 12/12 (8th %ile)

P/B

This stock

1.42

Sector median

1.43

Rank 6/12 (58th %ile)

Quality score · Piotroski F-score

8 / 9

Strong quality — passes most F-score checks

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

GREY1.65

Z″ = 1.65 — GREY zone. Not flagged as distressed, but watch the weakest input component below.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.027	×6.56	0.178
Retained Earnings / Total Assets (B)	0.254	×3.26	0.829
EBIT / Total Assets (C)	0.040	×6.72	0.266
Book Equity / Total Liabilities (D)	0.357	×1.05	0.375

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

31 analysts · HOLD

Target mean

₹441.35

Target high

₹705.00

Target low

₹235.00

Upside vs today

+16.3%

Street consensus target is +16.3% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Oil & Gas Refining & Marketing

Employees

8,049

Shares out

212.8

Revenue (TTM)

₹4,34,300 Cr

EBITDA

₹27,340 Cr

Total debt

₹63,095 Cr

Cash

₹4,196 Cr

Net debt

₹58,899 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	99,464	1,10,082	1,09,060	1,10,268	1,14,623
Operating profit	1,158	4,450	-10,794	10,691	5,324
OPM %	1.2%	4.0%	-9.9%	9.7%	4.6%
Interest	944

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	3,48,589	4,33,498	4,31,994	4,31,994
Operating profit	6,109	-10,691	18,918	9,787
OPM %	1.8%	-2.5%	4.4%	2.3%
Interest	804	2,012	2,409	3,192

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
HINDPETROTHIS Hindustan Petroleum Corporation Limited	₹370.85	-6.1%	80,751	5.2	1.42	27.1%	1.11	+4.1%
RELIANCE Reliance Industries Limited	₹1,365	+5.4%	18,44,882	22.2	2.10	9.5%	0.36	+10.4%
ONGC Oil & Natural Gas Corporation Limited	₹284.05	+13.7%	3,56,462	9.4	0.97	10.3%	0.44	+0.8%
IOC Indian Oil Corporation Limited	₹145.88	+5.2%	2,07,399	5.7	1.03	18.1%	0.73	+5.7%
BPCL Bharat Petroleum Corporation Limited	₹312.1	+2.6%	1,37,118	5.5	1.44	26.2%	0.56	+5.2%
GAIL GAIL (India) Limited	₹157.82	-19.2%	1,03,689	12.1	1.18	9.7%	0.25	-4.5%
OIL Oil India Limited	₹470.1	+18.8%	76,182	13.1	1.35	—	0.58	-0.1%
PETRONET Petronet LNG Limited	₹273.22	-12.9%	40,739	11.2	1.93	—	0.12	-3.3%
GUJGASLTD Gujarat Gas Limited	₹362.8	-19.4%	25,274	21.8	2.89	13.3%	1.19	+5.1%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	21.23	19.14	-9.8%
-2q	14.21	18.14	+27.6%
-3q	23.55	20.54	-12.8%
-4q	12.50	16.06	+28.4%

Date	Amount
2025-11-06	₹5.00
2025-08-14	₹10.50
2024-08-09	₹11.00
2024-02-07	₹10.00
2022-08-22	₹9.33
2021-07-08	₹15.17
2020-07-02	₹6.50
2019-06-06	₹6.27
2019-02-14	₹4.33
2018-06-28	₹1.67
2018-02-28	₹9.67
2017-07-11	₹0.49
2017-03-24	₹2.84
2017-03-01	₹10.00
2016-07-28	₹2.37

Date	Ratio
2024-06-21	3:2
2017-07-11	3:2
2016-09-14	3:1

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	1,419	1,419	1,419	2,128
Reserves	39,300	30,181	44,004	48,316
Borrowings	48,498	70,671	66,684	70,558
Other liabilities	457	718	817	885
Total liabilities	1,54,629	1,61,921	1,82,785	1,94,745
Fixed assets	85,843	92,721	98,641	1,03,184
CWIP	28,860	25,416	20,269	18,416
Investments	657	726	1,704	1,844
Other assets	1	3,678	4,329	3,489
Total assets	1,54,629	1,61,921	1,82,785	1,94,745

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	15,810	-3,466	23,852	14,228
CF Investing	-13,745	-11,384	-13,019	-10,557
CF Financing	-2,066	16,025	-16,155	-4,138
Net cash flow	-1	1,175	-5,322	-467
Free cash flow	3,465	-12,913	13,781	4,648

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	2.3%	4.4%	-2.5%	1.8%
Net margin %	1.6%	3.7%	-1.6%	2.1%
ROE %	14.1%	41.6%	-19.3%	17.9%
ROCE %	10.5%	21.4%	-8.3%	11.1%
Debt / Equity	1.40	1.47	2.24	1.19
Dividend payout %	35%	13%	—	44%
Interest coverage	3.8×	9.5×	-4.0×	12.4×
Revenue growth YoY	+0.0%	-0.3%	+24.4%	—
Profit growth YoY	-57.9%	+329.4%	-195.7%	—

HINDPETROHindustan Petroleum Corp Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Oil & Gas

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Oil & Gas