Chennai Petroleum Corporation Ltd Stock Analysis

BSE: 500110 | NSE: CHENNPETRO | Refineries | Small Cap

BSE Share Price Jan 27, 18:01
108.05 2.20 (2.08%)

DeciZen - Make an Informed Decision on Chennai Petrol. Corp

Overall Rating
See How?

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is Chennai Petroleum Corporation Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Chennai Petroleum Corporation Ltd is a below average quality company.

2. Is Chennai Petroleum Corporation Ltd undervalued or overvalued?

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

3. Is Chennai Petroleum Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Chennai Petroleum Corporation 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 Chennai Petrol. Corp:

Analysis of Financial Track Record

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.
Chennai Petroleum Corporation 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 6.6%-15.5%5.3%4.8%15.9%15.5%13.7%2.7%-16.3%4.3%-
Value Creation Index -0.5-2.1-0.6-0.70.10.20.0-0.8-2.2-0.7-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 40,80842,88349,34341,86625,84627,52032,52741,33837,17322,44554,183
YoY Gr. Rt. %-5.1%15.1%-15.2%-38.3%6.5%18.2%27.1%-10.1%-39.6%-
Adj EPS 22.3-102.70.24.35868.963.5-2.9-128.311.938.9
YoY Gr. Rt. %--560.8%NA2760%1251.8%18.7%-7.7%-104.6%NANA-
BVPS (₹) 254.7136.1115.7111.1157.3221.4257.7220.678.293.8117.2
Adj Net Profit 332-1,5292.263.98641,025946-43.4-1,910177580
Cash Flow from Ops. 1,567-1,3501,1411,0782,2926092,757-145-621452-
Debt/CF from Ops. 2.3-4.44.95291.6-46-1420.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -6.4%-2.8%-11.6%-39.6%
Adj EPS -6.7%-27.2%-42.8%NA
BVPS -10.5-9.8-28.619.9
Share Price -4.4% -20.4% -25.1% 12.8%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 8.8-52.50.13.84336.126.4-1.2-84.913.536.9
Op. Profit Mgn % 1.9-1.22.105.96.86.51.8-5.293.1
Net Profit Mgn % 0.8-3.600.23.33.72.9-0.1-5.10.81.1
Debt to Equity 12.93.33.321.71.227.56.6-
Working Cap Days 747763585543524838420
Cash Conv. Cycle 30282318788101020

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 36.90%

Sales growth is good in last 4 quarters at 47.89%

Sales growth has been subdued in last 3 years -11.63%

Net Profit has been subdued in last 3 years -42.80%

Debt to equity has increased versus last 3 years average to 6.56

Latest Financials - Chennai Petroleum Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 38.9 39.8
TTM Sales (₹ Cr.) 54,183 54,183
BVPS (₹.) 117.2 129.6
Reserves (₹ Cr.) 1,624 1,809
P/BV 0.90 0.82
PE 2.72 2.66
From the Market
52 Week Low / High (₹) 89.00 / 151.80
All Time Low / High (₹) 17.60 / 490.05
Market Cap (₹ Cr.) 1,576
Equity (₹ Cr.) 148.9
Face Value (₹) 10
Industry PE 20.5

Management X-Ray of Chennai Petrol. Corp :

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

Analyst's Notes

News

About Chennai Petroleum Corporation Ltd

Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a share holding in the ratio 74%, 13% and 13% respectively.

In 1985, AMOCO disinvested its stake in favour of the GOI and the shareholding percentage of GOI and NIOC stood revised at 84.62% and 15.38% respectively. Later GOI disinvested 16.92% of the paid up capital in favour of Unit Trust of India, mutual funds, insurance companies and banks on 19th May 1992, thereby reducing its holding to 67.7%. The public issue of CPCL shares at a premium of Rs 70 (Rs 90 to FIIs) in 1994 was oversubscribed to an extent of 38 times and added a large shareholder base. As a part of the restructuring steps taken up by the Government of India, Indian Oil Corporation acquired equity from GOI in 2000-01.

Business area of the company

The company is in the business of refining crude oil to produce & supply various petroleum products.

Products

Fuel
Lube
Petrochemical Feed Stocks

Awards and recognitions

2013

  • CPCL was awarded the following prizes: Special prize for best reduction in steam leaks for the year 2013. 2nd prize for fumace/Boiler efficiency for the year 2012. Special prize for CBR for Insulation effectiveness of fumace for the year 2012 by Centre for High Technology (CHT)
  • The Golden Peacock award for Occupational Health and Safety for the year 2013 by Institute of Directors (10D).
  • Greentech safety award in silver category for Petroleum sector by Greentech Foundation.
  • CPCL has been selected for Safety Award under Group A (Chemical Industries) for the year 2011 for two categories-Scheme-I Highest Reduction in Weighted Frequency Rate Over Previous Years. Scheme-II Longest Accident free period in man hours in Group A by Government of Tamilnadu.

2014

  • Chennai Petroleum Corporation Limited's (CPCL) Cauvery Basin Refinery has been awarded the Green Award for Industries by the Tamil Nadu Pollution Control Board (TNPCB), for the unique measures adopted by the Company for the preservation of environment by Tamil Nadu Pollution Control Board (TNPCB).
  • Chennai Petroleum Corporation Limited% (CPCL), New Dining Hall in Refinery-Ill has received IGBC's (Indian Green Building Council) Silver Rating for having been constructed complying with Green Building Standards. With the Globe perceiving the concept of Energy conservation & its efficient utilization, CPCL's instigation towards the mission of energy conservation has secured it a place in this year's IGBC Ratings by IGBC's (Indian Green Building Council).
  • The Petrofed Innovator of the Year-Team' award for the year 2013 was bagged by Chennai Petroleum Corporation Limited (CPCL) jointly with Indian Oil Corporation Limited (IOCL). The award was presented for the innovation in the Indigenous development and commercial application technology for 'Co-processing of Non-edible Vegetable Oils in Petroleum Refineries' leading to better product quality. Demonstration of this technology was successfully carried out in CPCL's Plant-13 (Diesel Hydrotreater) and the end product was obtained with high quality as envisaged by Petrofed.
  • Chennai Petroleum Corporation (CPCL)'s Manali Refinery and Cauvery Basin Refinery have been selected for the 'Safety Star Award' and 'Safety Appreciation Award' for 2012' respectively by the National Safety Council, Tamilnadu Chapter in appreciation of the high level of safety measures exercised by the Company by National Safety Council, Tamilnadu.

2015

  • CPCL has been awarded with 'Governance Now PSU Award' for 'Green Initiatives' and 'Research Innovation' in the Miniratna category I Of CPSEs by Miniratna category I Of CPSE.
  • CPCL secured Raibhasha Shield by Town Official language Implementation committee by Town Official language Implementation committee.
  • SAFECON- Best Safety Practices Award for CBR was received from Directorate of Industrial Safety and Health and CII by Directorate of Industrial Safety and Health and CII.

2016

  • CPCL was awarded the 'Highest Tax payer Award 2015-16 by Central Excise Department. This honor was conferred on CPCL for being the top assessee in Chennai Zone, and in a larger way for its contribution towards revenue and industrial growth by Central Excise Department.
  • CPCL has been awarded the OGCF - 2016 Award for Furnace / Boiler Efficiency by Centre for HighTechnology by CHT - Centre for HighTechnology.
  • The Export Excellence Award for the year 2014 was awarded to CPCL under 'Top Exporter in Southern Region' in Gold category, for the active role played in the Exports made by CPCL by FIEO SR Export Award.
  • CPCL's Cauvery Basin Refinery (CBR) has been awarded the prestigious GREEN AWARD for the second consecutive year by TamilNadu Pollution Control Board (TNPCB) for the various environmental protection measures undertaken by CBR by TamilNadu Pollution Control Board.
  • CPCL has been awarded the Best Enterprise Award by WIPS, under the aegis of SCOPE for the year 2016 under Mini ratna category by Forum of women in Public sector.

2018

  • ISO Certificate for Integrated Management System - Certificates ISO 9001:2015 EMS14001:2015/BS OHSAS18001:2007(Quality,Environment and Occupational Health & safety) by Bureau Veritas.
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