Hindustan Oil Exploration Company Ltd - Stock Valuation and Financial Performance

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

Hind Oil Exploration Share Price

178.85 4.30 2.46%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Hind Oil Exploration

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Hindustan Oil Exploration Company stock performance -

mw4me loader
P/E Ratio (SA):
13.65
Market Cap:
2,346.7 Cr.
52-wk low:
115.9
52-wk high:
258

Is Hindustan Oil Exploration Company Ltd an attractive stock to invest in?

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 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 Semi Strong which suggest that the price of Hindustan Oil Exploration Company Ltd is likely to Rise-somewhat 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 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 % -7.5%-45.5%1.1%5.1%11%33.2%22.8%6.2%6.6%17.1%-
Value Creation
Index
-1.5-4.3-0.9-0.6-0.21.40.6-0.6-0.50.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 59.940.328.32548.723718099.4131381393
Sales YoY Gr.--32.7%-29.7%-11.7%94.7%386.3%-24.1%-44.7%31.2%192%-
Adj EPS -9.4-31.2-01.22.911.3103.34.412.813
YoY Gr.-NANANA135.8%289.7%-11.8%-66.8%31.7%193.6%-
BVPS (₹) 40.520.822.625.428.64050.355.257.970.375.2
Adj Net
Profit
-123-407-0.116.137.814813243.857.7169172
Cash Flow from Ops. 1910.890.998.4-6.8159196-65.4110184-
Debt/CF from Ops. 49.9000000-2.32.31.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.8%50.9%28.4%192%
Adj EPS NA34.6%8.7%193.6%
BVPS6.3%19.7%11.8%21.4%
Share Price 14.2% 6.7% 22.1% 48.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-20.8-101.8-05.110.732.922.26.37.72017.9
Op. Profit
Mgn %
-37.4-27.221.814.964.473.86852.958.253.648.8
Net Profit
Mgn %
-205.8-1011.4-0.464.277.762.373.344.144.244.443.8
Debt to
Equity
1.80000000.20.30.3-
Working Cap
Days
1,9072,4862,7301,8377711993741,001961422257
Cash Conv.
Cycle
26624120019438226514021-12113

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.90%

Sales growth is growing at healthy rate in last 3 years 28.44%

Sales growth is good in last 4 quarters at 73.94%

Net Profit has been subdued in last 3 years 8.69%

Latest Financials - Hindustan Oil Exploration Company Ltd.

Standalone Consolidated
TTM EPS (₹) 13 19.9
TTM Sales (₹ Cr.) 393 635
BVPS (₹.) 75.2 86
Reserves (₹ Cr.) 862 1,004
P/BV 2.36 2.06
PE 13.65 8.94
From the Market
52 Week Low / High (₹) 115.90 / 258.00
All Time Low / High (₹) 7.82 / 398.90
Market Cap (₹ Cr.) 2,347
Equity (₹ Cr.) 132.2
Face Value (₹) 10
Industry PE 11.7

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales604028254923718099131381
Operating Expenses 875222211762584955186
Manufacturing Costs572811111347464144226
Material Costs3020-540-22-59
Employee Cost 10221645111
Other Costs 16226104779818
Operating Profit -27-1264311751225076195
Operating Profit Margin (%) -44.7%-29.2%21.8%14.8%64.4%73.7%67.9%50.5%58.2%51.3%
Other Income 68917111022121728
Interest 1415501256832
Depreciation 1033912983524191528
Exceptional Items 0-1,163529422628-340
Profit Before Tax -138-1,221340381501416536164
Tax -13004010000
Profit After Tax -125-1,221336381491416536164
PAT Margin (%) -208.0%-3,030.7%12.3%145.4%77.7%62.9%78.3%65.4%27.5%43.0%
Adjusted EPS (₹)-9.6-93.60.32.82.911.410.74.92.712.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 529272295331374522665730766930
Share Capital 131131131131131131132132132132
Reserves 398141165201243392533598634797
Minority Interest0000000000
Debt70200000088167193
Long Term Debt7020000008816173
Short Term Debt000000006120
Trade Payables1612718181113121795
Others Liabilities 473207177166143151224205325353
Total Liabilities 1,7204914785155346849011,0351,2751,571

Fixed Assets

Gross Block2,0942,3122,2932,4632,5202,6122,6152,6162,6213,154
Accumulated Depreciation1,0362,2322,2252,2322,2412,2732,2972,3152,3322,360
Net Fixed Assets1,0588068231279339318301289795
CWIP 33711813066213927451127
Investments 272367152421711519060174
Inventories3723222528232230678
Trade Receivables6325163935281443
Cash Equivalents 1375334922564464557
Others Assets242237136637186172266351397
Total Assets 1,7204914785155346849011,0351,2751,571

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 19119198-7159196-65110184
PBT -138-1,221340381501416536164
Adjustment 1571,2359-6327-14-124538
Changes in Working Capital 0-344-8-48-2169-11826-17
Tax Paid -10357313004-1
Cash Flow From Investing Activity -402-1-32-60-149-186-165-262-60
Capex -47-5-9-49-48-93-140-136-176-66
Net Investments 0000-157-51-20-1
Others 778173-63-41-30-667
Cash Flow From Financing Activity -53-24000021501052
Net Proceeds from Shares 0000002000
Net Proceeds from Borrowing -30-900000150100-95
Interest Paid -23-15000000-1-22
Dividend Paid 0000000000
Others 000000006120
Net Cash Flow -74-119066-671112-80-47125
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-21.07-305.081.2311.6210.7433.2623.729.334.7919.3
ROCE (%)-8.22-138.082.8612.8511.0533.924.69.194.5817.5
Asset Turnover Ratio0.030.040.060.050.090.390.230.10.110.27
PAT to CFO Conversion(x)N/AN/A30.332.72-0.181.071.39-13.061.12
Working Capital Days
Receivable Days654334507843751165827
Inventory Days2322712933441983945965140
Payable Days1,84901,5980-1,4331,3330-2,3032,329-350

Hindustan Oil Exploration Company Ltd Stock 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 28-Mar-2024 16:01 is ₹178.8.
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 Hind Oil Exploration stood at ₹2,346.7.
The latest P/E ratio of Hind Oil Exploration as of 28-Mar-2024 16:01 is 13.65.
The latest P/B ratio of Hind Oil Exploration as of 28-Mar-2024 16:01 is 2.36.
The 52-week high of Hind Oil Exploration is ₹258.0 and the 52-week low is ₹115.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Oil Exploration is ₹392.6 ( 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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