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Hindustan Oil Exploration Company Ltd (HINDOILEXP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500186 NSE: HINDOILEXP Oil Exploration | Small Cap | Hind Oil Exploration Share Price

₹165.70 -2.05 (-1.22%)

As on 12-Jun'26 16:59

Hindustan Oil Exploration Company Ltd (HINDOILEXP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500186 NSE: HINDOILEXP Oil Exploration | Small Cap | Hind Oil Exploration Share Price

₹165.70 -2.05 (-1.22%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,191 Cr.
Current Price
₹165.7
52-Week Low / High
₹118 / 189
TTM EPS
₹8.3
TTM Sales
₹250 Cr.
Book Value per Share
₹93.6
P/E Ratio
19.99
Lower than its 5-year historical median
Industry PE
10.4
Price to Book (P/B)
1.77
Lower than its 5-year historical median
Price to Sales (P/S)
8.77
Higher than its 5-year historical median
EV/EBITDA
17.83
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.58%
Outperforms industry median
Return on Capital Employed (ROCE)
14.44%
Outperforms industry median
Return on Assets (ROA)
9.28%
Operating Profit Margin
38.3%
Net Profit Margin
48.18%
Gross Profit Margin
58.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-34.04%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
11.35%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
73.49%
Asset Quality
Promoter Holding
0.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,106 Cr.
Equity
₹132.2 Cr.
Face Value
₹10
All Time Low / High
₹7.82 / 398.90

Hindustan Oil Exploration Company stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Hindustan Oil Exploration Company Ltd a good quality company?
Hindustan Oil Exploration Company Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hindustan Oil Exploration Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hindustan Oil Exploration Company Ltd vs industry peers?
Hindustan Oil Exploration Company Ltd revenue CAGR is 11.22%, compared to the industry median CAGR of 9.51%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hindustan Oil Exploration Company Ltd?
Promoters hold 0.00% of the Hindustan Oil Exploration Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hindustan Oil Exploration Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.7% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.9%12.9%11.1%33.9%24.6%9.2%4.6%17.5%9.4%14.4%-
Value Creation
Index
-0.8-0.1-0.21.40.8-0.3-0.70.3-0.30.0-

Growth Parameters

Sales 28.32548.723718099.4131381464306250
Sales YoY Gr.--11.7%94.7%386.3%-24.1%-44.7%31.2%192%21.8%-34%-
Adj EPS -01.22.911.3103.34.412.86.211.18.3
YoY Gr.-NA135.8%289.7%-11.8%-66.8%31.7%193.6%-51.7%80.3%-
BVPS (₹) 22.625.428.64050.355.257.970.376.687.793.6
Adj Net
Profit
-0.116.137.814813243.857.716981.7147110
Cash Flow from Ops. 90.998.4-6.8159196-65.4110184-19.7101-
Debt/CF from Ops. 00000-2.32.31.6-3.80.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 30.3%11.2%32.9%-34%
Adj EPS NA2.2%36.7%80.3%
BVPS16.3%11.8%14.8%14.4%
Share Price 15.5% 9.1% -6.6% -5.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-05.110.732.922.26.37.7208.413.69.1
Op. Profit
Mgn %
21.814.964.473.86852.958.253.621.838.339
Net Profit
Mgn %
-0.464.277.762.373.344.144.244.417.648.143.9
Debt to
Equity
000000.20.30.30.100
Working Cap
Days
2,7301,8377711993741,001961422446757-33
Cash Conv.
Cycle
20019438226514021-1223141-3

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales28254923718099131381488306
Operating Expenses + 22211762584955186383189
Manufacturing Costs11111347464144226335318
Material Costs2-0-54-0-22-5932-142
Employee Cost 2164511111
Other Costs 61047798181513
Operating Profit 64311751225076195105117
Operating Profit Margin (%) 21.8%14.8%64.4%73.7%67.9%50.5%58.2%51.3%21.6%38.3%
Other Income + 9171110221217283379
Exceptional Items 529422628-34000
Interest 5012568322317
Depreciation 129835241915283030
Profit Before Tax 34038150141653616485148
Tax -0401000001
Profit After Tax 33638149141653616485147
PAT Margin (%) 12.3%145.4%77.7%62.9%78.3%65.4%27.5%43.0%17.4%48.2%
Adjusted EPS (₹)0.32.82.911.410.74.92.712.46.411.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Hind Oil Exploration - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2953313745226657307669301,0121,159
Share Capital 131131131131132132132132132132
Reserves 1652012433925335986347978801,027
Debt +00000881671934925
Long Term Debt0000088161734925
Short Term Debt000000612000
Minority Interest0000000000
Trade Payables718181113121795146134
Others Liabilities 177166143151224205325353350304
Total Liabilities 4785155346849011,0351,2751,5711,5571,622

Fixed Assets

Net Fixed Assets +68231279339318301289795793784
Gross Block2,2932,4632,5202,6122,6152,6162,6213,1543,3233,344
Accumulated Depreciation2,2252,2322,2412,2732,2972,3152,3322,3602,5312,560
CWIP 130662139274511273540
Investments 671524217115190601746060
Inventories22252823223067840207
Trade Receivables2516393528144320726
Cash Equivalents 53349225644645573697
Others Assets 136637186172266351397387408
Total Assets 4785155346849011,0351,2751,5711,5571,622

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 9198-7159196-65110184-15101
PBT 34038150141653616485148
Adjustment 9-6327-14-12453822-32
Changes in Working Capital 44-8-48-2169-11826-17-121-13
Tax Paid 3573130-04-1-1-2
Cash Flow From Investing Activity + -1-32-60-149-186-165-262-60110-72
Capex -9-49-48-93-140-136-176-66-15-25
Net Investments 00-157-51-20-216-60
Others 8173-63-41-30-66810913
Cash Flow From Financing Activity + 000021501052-226-30
Net Proceeds from Shares 0000200000
Net Proceeds from Borrowing 00000150100-95-91-25
Interest Paid 000000-1-22-15-5
Dividend Paid 0000000000
Others 0000006120-1200
Net Cash Flow 9066-671112-80-47125-130-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.2311.6210.7433.2623.729.334.7919.38.7513.58
ROCE (%)2.8612.8511.0533.924.69.194.5817.59.4214.44
Asset Turnover Ratio0.060.050.090.390.230.10.110.270.310.19
PAT to CFO Conversion(x)30.332.72-0.181.071.39-13.061.12-0.180.69
Working Capital Days
Receivable Days33.7050.407842.5075.40116.1058.2027.1093.30138.60
Inventory Days292.60343.70198.5039.3045.4096.3050.6040.2044.10147.30
Payable Days1,597.900-1,433.401,332.600-2,303.302,328.60-350.101,379-359.40

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hindustan Oil Exploration Company Ltd FAQs

The current trading price of Hind Oil Exploration on 12-Jun-2026 16:59 is ₹165.7.

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 11-Jun-2026 the market cap of Hind Oil Exploration stood at ₹2,191.3 Cr

The latest P/E ratio of Hind Oil Exploration as of 11-Jun-2026 is 19.99.

The latest P/B ratio of Hind Oil Exploration as of 11-Jun-2026 is 1.77.

The 52-week high of Hind Oil Exploration is ₹188.5 and the 52-week low is ₹117.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Oil Exploration is ₹250 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindustan Oil Exploration Company Ltd is a average quality company.

The key valuation ratios of Hindustan Oil Exploration Company Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hindustan Oil Exploration Company Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

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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