Hindustan Oil Exploration Company Ltd Stock Analysis

BSE: 500186 | NSE: HINDOILEXP | Oil Exploration | Small Cap

BSE Share Price 02-Dec-2022 18:01
143.60 1.55 (1.09%)

DeciZen - Make an Informed Decision on Hind Oil Exploration

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Hind Oil Exploration Price Chart

P/E Ratio (SA) :
39.99
Market Cap :
1,899 Cr.
52-wk low :
125.7
52-wk high :
245.2
Bole Toh?

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.

10 Year X-Ray of Hind Oil Exploration:

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.
Hindustan Oil Exploration Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -8.3%-7.5%-45.5%1.1%5.1%11%33.2%22.8%6.2%6.6%-
Value Creation Index -1.6-1.5-4.3-0.9-0.6-0.21.40.6-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10959.940.328.32548.723718099.4131213
YoY Gr. Rt. %--44.9%-32.7%-29.7%-11.7%94.7%386.3%-24.1%-44.7%31.2%-
Adj EPS -11.2-9.4-31.2-01.22.911.3103.34.43.6
YoY Gr. Rt. %-NANANANA135.8%289.7%-11.8%-66.8%31.7%-
BVPS (₹) 50.340.520.822.625.428.64050.355.257.961
Adj Net Profit -146-123-407-0.116.137.814813243.857.747
Cash Flow from Ops. 75.11910.890.998.4-6.8159196-65.4109-
Debt/CF from Ops. 11.849.9000000-2.32.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%39.1%-18%31.2%
Adj EPS NA28.8%-27.2%31.7%
BVPS 1.617.913.14.9
Share Price 3.7% 1.7% 16.7% -12.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -15.7-20.8-101.8-05.110.732.922.26.37.76
Op. Profit Mgn % 47.6-58-27.221.814.964.473.86852.958.244.9
Net Profit Mgn % -134.8-205.8-1011.4-0.464.277.762.373.344.144.222.3
Debt to Equity 1.41.80000000.20.30.1
Working Cap Days 1,3592,2882,4862,7301,8377711993741,001991467
Cash Conv. Cycle 16026824120019438226514050131

Recent Performance Summary

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%

Latest Financials - Hindustan Oil Exploration Company Ltd.

Standalone Consolidated
TTM EPS (₹) 3.6 3.2
TTM Sales (₹ Cr.) 213 300
BVPS (₹.) 61 60.7
Reserves (₹ Cr.) 674 671
P/BV 2.35 2.36
PE 39.99 45.11
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

Management X-Ray of Hind Oil Exploration :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hind Oil Exploration

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Hindustan Oil Exploration Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hind Oil Exploration on 02-Dec-2022 18:01 is : 143.6.
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 02-Dec-2022 18:01 the market cap of Hind Oil Exploration stood at ₹ 1,899.
The latest PE ratio of Hind Oil Exploration as of 02-Dec-2022 18:01 is 39.99.
The latest PB ratio of Hind Oil Exploration as of 02-Dec-2022 18:01 is 2.35
The 52-week high of Hind Oil Exploration is ₹ 245.2 and the 52-week low is ₹ 125.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hind Oil Exploration is ₹ 212.6 ( Cr.) .

About Hindustan Oil Exploration Company Ltd

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. HOEC’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 – Gas Collection Station [GCS] at village Palaj, District Mehsana, Gujarat3. Block Asjol – 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.

Recent developments

HOEC has 38.07% non-operating participating interest in the Gulf ‘A’ 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.

 

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