X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
HPCL: Beating the street - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Jan 30, 2001

    HPCL: Beating the street

    Hindustan Petroleum Corporation Ltd. (HPCL) has reported a strong topline growth of 42.3%. The increase in sales is due to higher realisations with petroleum prices hiked by the Government towards the end of the previous quarter (2QFY01). However, higher merchant sales also seems to have contributed to the growth.

    (Rs m) 3QFY00 3QFY01 Change
    Sales 92,728 131,927 42.3%
    Other Income 208 723 248.3%
    Expenditure 88,898 126,265 42.0%
    Operating Profit (EBDIT) 3,830 5,662 47.8%
    Operating Profit Margin (%) 4.1% 4.3%  
    Interest 328 1,088 231.8%
    Depreciation 1,090 1,114 2.2%
    Profit before Tax 2,620 4,184 59.7%
    Tax 410 800 95.1%
    Profit after Tax/(Loss) 2,210 3,384 53.1%
    Net profit margin (%) 2.4% 2.6%  
    No. of Shares (eoy) 339 339  
    Diluted Earnings per share* 26.1 40.0  
    P/E Ratio   4.4  
    *(annualised)      

    The operating profits of the company have risen impressively. This could be driven by higher sales and the marginal improvement in OPM by 20 basis points.

    The interest expense of the company has increased substantially. This is resultant to the difficult industry scenario prevailing. The rise in feedstock prices (crude oil) has increased working capital requirements. Further, with dues blocked in the oil pool account, the company has had to resort to short term borrowings to overcome the gap in working capital. This has adversely impacted the bottomline.

    Despite the substantial rise in interest expense the bottomline has grown significantly. The jump in other income has provided some reprieve to the company's bottomline.

    HPCL at Rs 176 is trading at a multiple of 4.4x on 3QFY01 annualised earnings. However, on 9 months annualised earnings the company is trading on a multiple of 6.2x.

     

     

    Equitymaster requests your view! Post a comment on "HPCL: Beating the street". Click here!

      
     

    More Views on News

    GAIL: A Good Show (Quarterly Results Update - Detailed)

    Mar 27, 2017

    GAIL (India) Ltd has announced results for the quarter ended December 2016. reported 9.4% year on year (YoY) decline in sales, while bottom-line grew 45.4% YoY.

    ONGC: Higher Realisations on Crude Support Performance (Quarterly Results Update - Detailed)

    Mar 17, 2017

    ONGC has announced results for the quarter ended December 2016. The company has reported 9.2 % year on year (YoY) growth in sales, while bottom-line grew 197% YoY.

    HPCL: A loss making quarter (Quarterly Results Update - Detailed)

    Dec 29, 2015

    HPCL has reported 18.6% YoY decline in the topline and losses worth Rs 3.2 bn at the bottomline level in the quarter ended June 2015.

    HPCL: Higher GRMs boost profit (Quarterly Results Update - Detailed)

    Sep 8, 2015

    HPCL has reported 12.6% YoY decline in the topline while bottomline grew by around 34.5 times (YoY) in the quarter ended June 2015.

    Mahanagar Gas Ltd (IPO)

    Jun 21, 2016

    Should one subscribe to Mahanagar Gas IPO?

    More Views on News

    Most Popular

    This Small Cap Can Drive Chinese Players Out of India (and Make a Fortune in the Process)(The 5 Minute Wrapup)

    Aug 17, 2017

    A small-cap Indian company with high-return potential and blue-chip-like stability is set to supplant the Chinese players in this niche segment.

    The Most Important Innovation in Finance Since Gold Coins(Vivek Kaul's Diary)

    Aug 10, 2017

    Bill connects the dots...between money and growth, real money and real resources, gold and cryptocurrencies...and between gold, cryptocurrencies, and time.

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    Bitcoin Continues Stellar Rise(Chart Of The Day)

    Aug 10, 2017

    Bitcoin hits an all-time high, is there more upside left?

    5 Steps To Become Financially Independent(Outside View)

    Aug 16, 2017

    Ensure your financial Independence, and pledge to start the journey towards financial freedom today!

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    HPCL SHARE PRICE


    Aug 22, 2017 (Close)

    TRACK HPCL

    HPCL 5-YR ANALYSIS

    Detailed Financial Information With Charts

    COMPARE HPCL WITH

    MARKET STATS