Confidence Petroleum India Ltd - Stock Valuation and Financial Performance

BSE: 526829 | NSE: CONFIPET | Industrial Gases & Fuels | Small Cap

Confidence Petroleum Share Price

84 -0.95 -1.12%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Confidence Petroleum

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Confidence Petroleum India stock performance -

mw4me loader
P/E Ratio (SA):
25.14
Market Cap:
2,666 Cr.
52-wk low:
56.5
52-wk high:
120

Is Confidence Petroleum India Ltd an attractive stock to invest in?

1. Is Confidence Petroleum India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Confidence Petroleum India Ltd is a average quality company.

2. Is Confidence Petroleum India Ltd undervalued or overvalued?

The key valuation ratios of Confidence Petroleum India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Confidence Petroleum India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Confidence Petroleum India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Confidence Petroleum:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Confidence Petroleum India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.8%-1.6%3.8%4.9%11.8%18.1%12.2%9.6%14.1%9.8%-
Value Creation
Index
-0.7-1.1-0.7-0.7-0.20.3-0.1-0.30.0-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2372663514865748739867801,2782,0482,553
Sales YoY Gr.-12.4%31.6%38.6%18.1%52.3%12.9%-20.9%63.9%60.3%-
Adj EPS 0.1-0.50.10.212.21.81.62.82.93.3
YoY Gr.--675%NA142.9%476.5%120.4%-16.2%-11.1%76.4%1.4%-
BVPS (₹) 8.67.57.67.88.713.115.317.720.424.332.7
Adj Net
Profit
2.1-121.94.525.359.149.745.880.781.7106
Cash Flow from Ops. 36.425.53328.468.452.576.393.4125-41.6-
Debt/CF from Ops. 1.62.11.620.81.20.80.60.4-12.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 27.1%29%27.6%60.3%
Adj EPS 48.9%24.1%16.7%1.4%
BVPS12.3%22.9%16.7%19%
Share Price 48.1% 16.7% 24.5% 45.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.9-5.812.211.319.612.49.714.612.711.7
Op. Profit
Mgn %
15.411.79.88.211.813.412.314.913.29.410.8
Net Profit
Mgn %
0.9-4.50.50.94.46.855.96.344.2
Debt to
Equity
0.30.30.30.30.20.20.10.10.10.8-
Working Cap
Days
168151118928764711097910243
Cash Conv.
Cycle
9688665147363852302418

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.60%

Net Profit is growing at healthy rate in last 3 years 16.74%

Sales growth is good in last 4 quarters at 62.62%

Return on Equity has declined versus last 3 years average to 11.70%

Latest Financials - Confidence Petroleum India Ltd.

Standalone Consolidated
TTM EPS (₹) 3.3 3.7
TTM Sales (₹ Cr.) 2,553 2,741
BVPS (₹.) 32.7 36.6
Reserves (₹ Cr.) 1,007 1,129
P/BV 2.57 2.30
PE 25.14 23.00
From the Market
52 Week Low / High (₹) 56.50 / 119.95
All Time Low / High (₹) 0.10 / 119.95
Market Cap (₹ Cr.) 2,666
Equity (₹ Cr.) 31.7
Face Value (₹) 1
Industry PE 19.3

Management X-Ray of Confidence Petroleum:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.194.905.216.2530.5516.9032.2027.823.825.15
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Confidence Petroleum

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2372663514865748739867801,2782,048
Operating Expenses 2002353164465067578656641,1091,856
Manufacturing Costs53566893779324151819
Material Costs1221512113013845897485749861,661
Employee Cost 781216162540304155
Other Costs 182025362950534563120
Operating Profit 3731344068117121116169192
Operating Profit Margin (%) 15.4%11.7%9.8%8.2%11.8%13.4%12.3%14.9%13.2%9.4%
Other Income 1112244276
Interest 1311111211897615
Depreciation 22282224232849506271
Exceptional Items 0-1600000000
Profit Before Tax 3-223636846661108112
Tax 1112112517152730
Profit After Tax 2-2325255950468182
PAT Margin (%) 0.9%-8.6%0.5%0.9%4.4%6.8%5.0%5.9%6.3%4.0%
Adjusted EPS (₹)0.1-0.90.10.21.02.21.81.62.82.9
Dividend Payout Ratio (%)0%0%0%0%5%5%0%6%4%3%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 221194196211235368429513590701
Share Capital 26262626262727282828
Reserves 196168170185209341402484562672
Minority Interest0000000000
Debt595453585261595254529
Long Term Debt12111112929271820451
Short Term Debt46424245433132353478
Trade Payables2524242123115515106
Others Liabilities 363742628095125133161191
Total Liabilities 3413093153513905366197038211,526

Fixed Assets

Gross Block316284306349400526590708755923
Accumulated Depreciation133144166190213241290340387459
Net Fixed Assets183140140159187285300368367464
CWIP 1141424221938181236
Investments 2823222325464950125124
Inventories525250465156526062195
Trade Receivables45454853505760615381
Cash Equivalents 10131310151819151464
Others Assets212328363955101132187562
Total Assets 3413093153513905366197038211,526

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3626332868537693125-42
PBT 3-73636846661108112
Adjustment 34383235333255566281
Changes in Working Capital 0-5-1-1110-39-29-8-17-204
Tax Paid -1-1-1-2-11-25-17-15-27-30
Cash Flow From Investing Activity -14-10-26-57-55-146-104-127-143-419
Capex -20-18-22-53-49-123-83-98-56-192
Net Investments 551-1-2-21-2000
Others 02-4-3-4-2-18-29-87-228
Cash Flow From Financing Activity -23-12-725-897282917510
Net Proceeds from Shares 0000078130032
Net Proceeds from Borrowing -10-1-100-20000
Interest Paid -13-11-11-12-11-8-9-7-6-15
Dividend Paid 0000-2-4-1-3-3-3
Others 00536433244027497
Net Cash Flow -140-4540-4-149
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.94-11.080.962.2711.920.312.799.9414.9212.87
ROCE (%)5.52-4.395.477.1917.4526.6816.7513.1419.1913.69
Asset Turnover Ratio0.740.881.211.551.571.891.711.181.681.75
PAT to CFO Conversion(x)18N/A16.55.62.720.91.522.021.54-0.51
Working Capital Days
Receivable Days65574536322222281612
Inventory Days73664934312220261723
Payable Days73604227211143413

Confidence Petroleum India Ltd Stock News

Confidence Petroleum India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Confidence Petroleum on 28-Mar-2024 16:01 is ₹84.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Confidence Petroleum stood at ₹2,666.
The latest P/E ratio of Confidence Petroleum as of 28-Mar-2024 16:01 is 25.14.
The latest P/B ratio of Confidence Petroleum as of 28-Mar-2024 16:01 is 2.57.
The 52-week high of Confidence Petroleum is ₹120.0 and the 52-week low is ₹56.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Confidence Petroleum is ₹2,553 ( Cr.) .

About Confidence Petroleum India Ltd

Confidence Petroleum India Limited, a Confidence group company was started in 1993, today this  group has 8 cylinder manufacturing plants, 55 bottling units and network across India. Confidence group enjoys the status of the largest cylinder manufacturer in Asia along with the largest private LPG (Liquefied Petroleum Gas) bottler and bottling assistance provider in India.

Business profile :

It has presence in LPG and allied business like cylinder manufacturing, bottling assistance to oil major PSU, CNG and Hi Pressure Cylinder manufacturing, Auto LPG dispensing stations, LPG cylinders maintenance, ethanol, crude distillation, LPG/CNG engineering services and logistics streams. It is commissioning, state of the art CNG & and Hi Pressure Cylinder manufacturing unit at SEZ Vizag in Andhra Pradesh.

Apart from India, Confidence group has rolled out production from its cylinder manufacturing and bottling plants in Indonesia. And it has strategic tie ups with companies in China and Israel for redistribution of products and services in LPG and Future fuel or gas segments.

Product and Services:

  • Go Gas (Auto LPG Dispensing Stations) ALDS
  • CNG/High Pressure Cylinder manufacturing
  • LPG bottling services
  • LPG Cylinder Manufacturing
  • Go Gas Auto LPG Dispensing Stations
  • LPG - Transport Logistics
  • LPG/CNG Meters
  • Auto Meter Reading Solutions (AMR)

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