1. Is Hindustan Oil Exploration Company Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hindustan Oil Exploration Company Ltd is a below average quality company.
2. Is Hindustan Oil Exploration Company Ltd undervalued or overvalued?
The key valuation ratios of Hindustan Oil Exploration Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Hindustan Oil Exploration Company Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindustan Oil Exploration Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||-8.3%||-7.5%||-45.5%||1.1%||5.1%||11%||33.2%||22.8%||6.2%||6.6%||-|
|Value Creation Index ⓘ||-1.6||-1.5||-4.3||-0.9||-0.6||-0.2||1.4||0.6||-0.6||-0.5||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-44.9%||-32.7%||-29.7%||-11.7%||94.7%||386.3%||-24.1%||-44.7%||31.2%||-|
|Adj EPS ⓘ||-11.2||-9.4||-31.2||-0||1.2||2.9||11.3||10||3.3||4.4||3.6|
|YoY Gr. Rt. %||-||NA||NA||NA||NA||135.8%||289.7%||-11.8%||-66.8%||31.7%||-|
|BVPS (₹) ⓘ||50.3||40.5||20.8||22.6||25.4||28.6||40||50.3||55.2||57.9||61|
|Adj Net Profit ⓘ||-146||-123||-407||-0.1||16.1||37.8||148||132||43.8||57.7||47|
|Cash Flow from Ops. ⓘ||75.1||19||10.8||90.9||98.4||-6.8||159||196||-65.4||109||-|
|Debt/CF from Ops. ⓘ||11.8||49.9||0||0||0||0||0||0||-2.3||2.4||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||NA||28.8%||-27.2%||31.7%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||-15.7||-20.8||-101.8||-0||5.1||10.7||32.9||22.2||6.3||7.7||6|
|Op. Profit Mgn % ⓘ||47.6||-58||-27.2||21.8||14.9||64.4||73.8||68||52.9||58.2||44.9|
|Net Profit Mgn % ⓘ||-134.8||-205.8||-1011.4||-0.4||64.2||77.7||62.3||73.3||44.1||44.2||22.3|
|Debt to Equity ⓘ||1.4||1.8||0||0||0||0||0||0||0.2||0.3||0.1|
|Working Cap Days ⓘ||1,359||2,288||2,486||2,730||1,837||771||199||374||1,001||991||467|
|Cash Conv. Cycle ⓘ||160||268||241||200||194||38||22||65||140||50||131|
Sales growth is good in last 4 quarters at 101.77%
Return on Equity has declined versus last 3 years average to 6.00%
Sales growth has been subdued in last 3 years -18.02%
Net Profit has been subdued in last 3 years -27.20%
|TTM EPS (₹)||3.6||3.2|
|TTM Sales (₹ Cr.)||213||300|
|BVPS (₹.) ⓘ||61||60.7|
|Reserves (₹ Cr.) ⓘ||674||671|
|From the Market|
|52 Week Low / High (₹)||125.70 / 245.15|
|All Time Low / High (₹)||7.82 / 398.90|
|Market Cap (₹ Cr.)||1,899|
|Equity (₹ Cr.)||132.2|
|Face Value (₹)||10|
|Industry PE ⓘ||3.9|
Hindustan Oil Exploration Company (HOEC) was incorporated in 1983 for taking up Exploration and Production (E&P) activities by Late H T Parekh. HOEC was the first private company in India to enter into field of oil and gas exploration. HOECâ€™s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.
HOEC is an Operator of 3 blocks in onshore Cambay basin, Gujarat currently under production of crude oil and gas since last several years. The three blocks are located at 1. Block CB-ON/7 - Palej Production Facilities [PPF] at village Makan, District Vadodara, Gujarat2. Block North Balol â€“ Gas Collection Station [GCS] at village Palaj, District Mehsana, Gujarat3. Block Asjol â€“ Early Production System [EPS] at village Katosan, District Mehsana, Gujarat
The company has participating interest in seven oil/gas fields in India (in Cambay basin, Cauvery basin and Assam Arakan basin), which are in varying stages of E & P life cycle i.e. exploration, development and production.
HOEC has been under professional management since inception consisting of eminent industrialists, professionals and technocrats like Late Shri B K Nehru, Late Dr I G Patel, Shri Deepak Parekh and the current Chairman Shri R. Vasudevan.
In 2005, Burren Shakti Ltd (BSL) and Burren Energy India Ltd (BEIL), wholly owned subsidiary of Burren Energy plc (Burren), acquired 26% controlling stake in the Company from Unocal. Burren is a London based exploration and production company, having core producing assets in the Caspian state of Turkmenistan, the Republic of Congo and Egypt. In February 2008, Burren was acquired by ENI UK Holdings plc which is a subsidiary of ENI spa, Italy.
The Company has a 100% subsidiary, HOEC Bardahl India Ltd, engaged in marketing of high performance fuel / engine additives.HOEC Bardahl India Limited (HBIL) is the subsidiary of the company - HOEC and Bardahl Manufacturing Corporation Inc., USA, (Bardahl) engaged in the formulation, manufacturing and marketing of Bardahl range of high performance engine additives, conducted a joint marketing study on the sale of such additives in India. The results were quite encouraging, suggesting that this could be a viable project.HOEC and Bardahl have agreed to undertake the new project through HOEC Bardahl India Limited (formerly Hindage Oilfield Services Limited) a wholly owned subsidiary of HOEC.
HOEC has 38.07% non-operating participating interest in the Gulf â€˜Aâ€™ discovery in the Block CB-OS-1development area has been informed by the Operator (ONGC), that the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas, Government of India has given its approval for the development plan.
July 17, 2009: Hardy Exploration & Production (India) Inc., the Operator of the PY-3 field has informed the company that due to export hose damage at normor buoy, the production at PY-3 field has been shut down. Efforts are currently ongoing to restart the production. The company has 21% participating interest in the said field.
July 21, 2009: The Block name RJ-ONN-2005/1 and RJ-ONN-2005/2 acquired under NELP VII has been granted Petroleum Exploration License by the Government of Rajasthan.
Oct 16, 2009: The company commenced the production of natural gas from PY-1 field.