HINDPETRO

Hindustan Petroleum Corporation Limited

Integrated downstream oil company refining and marketing fuels, LPG and lubricants

Energy›Oil, Gas & Consumable Fuels›Petroleum Products›Refineries & Marketing

hindustanpetroleum.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹346.00
Market cap
73,623 Cr
Stock P/E
44.1
P/B
1.12
Dividend yield
4.5%
ROE (FY26)
27.5%
ROCE (FY26)
23.2%
Operating margin (FY26)
4.9%
Debt / equity (FY26)
0.78
OCF / EBITDA (FY26)
117.9%
OCF / EBITDA (3Y)
102.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

HPCL (Hindustan Petroleum Corporation) is an integrated downstream oil company that refines crude oil and sells petrol, diesel, LPG and related products across India.

Company snapshot

4thBy market cap

Ranked among 7 companies in Refineries & Marketing.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Downstream Petroleum
99.9%
3,48,007 Cr6,760 Cr—
Others
0.1%
298 Cr-98 Cr—

What we see

Positives
  • ✓103% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,02,669 Cr1,18,484 Cr1,21,653 Cr1,20,943 Cr1,08,268 Cr1,19,039 Cr1,18,474 Cr1,20,193 Cr1,10,397 Cr1,24,583 Cr1,23,693 Cr1,45,225 Cr
Operating expenses (approx.)94,429 Cr1,16,324 Cr1,16,772 Cr1,18,855 Cr1,05,560 Cr1,13,080 Cr1,12,679 Cr1,12,621 Cr1,03,545 Cr1,17,585 Cr1,14,483 Cr1,61,347 Cr
EBITDA8,240 Cr2,160 Cr4,882 Cr2,089 Cr2,708 Cr5,959 Cr5,795 Cr7,572 Cr6,852 Cr6,998 Cr9,211 Cr-16,122 Cr
OPM %8.0%1.8%4.0%1.7%2.5%5.0%4.9%6.3%6.2%5.6%7.4%-11.1%
Other income341 Cr529 Cr447 Cr545 Cr506 Cr462 Cr574 Cr507 Cr522 Cr607 Cr620 Cr619 Cr
Interest590 Cr620 Cr720 Cr733 Cr944 Cr931 Cr757 Cr817 Cr824 Cr734 Cr1,020 Cr818 Cr
Depreciation1,247 Cr1,345 Cr1,632 Cr1,484 Cr1,530 Cr1,518 Cr1,623 Cr1,604 Cr1,612 Cr1,674 Cr2,457 Cr1,878 Cr
Profit before tax7,443 Cr986 Cr3,124 Cr805 Cr348 Cr3,509 Cr4,338 Cr5,547 Cr5,131 Cr5,317 Cr7,644 Cr-18,170 Cr
Tax %21.7%27.7%13.3%21.3%59.0%27.5%21.3%25.9%24.8%24.6%20.6%32.5%
Net profit5,827 Cr713 Cr2,709 Cr634 Cr143 Cr2,544 Cr3,415 Cr4,111 Cr3,859 Cr4,011 Cr6,065 Cr-12,265 Cr
EPS (₹)₹41.08₹5.03₹19.09₹2.98₹0.67₹11.95₹16.06₹19.32₹18.14₹18.85₹28.50₹-57.64

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,14,289 Cr2,44,262 Cr2,97,222 Cr2,87,742 Cr2,70,578 Cr3,74,127 Cr4,66,499 Cr4,61,969 Cr4,66,724 Cr4,78,866 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,03,409 Cr2,33,549 Cr2,85,695 Cr2,82,080 Cr2,54,575 Cr3,63,883 Cr4,73,706 Cr4,37,041 Cr4,50,172 Cr4,48,233 CrSign in free for the trailing twelve months
EBITDA10,880 Cr10,713 Cr11,527 Cr5,662 Cr16,003 Cr10,244 Cr-7,207 Cr24,928 Cr16,551 Cr30,633 CrSign in free for the trailing twelve months
OPM %5.1%4.4%3.9%2.0%5.9%2.7%-1.5%5.4%3.5%6.4%Sign in free for the trailing twelve months
Other income1,384 Cr1,528 Cr1,453 Cr1,682 Cr2,644 Cr2,439 Cr1,466 Cr1,917 Cr2,088 Cr2,256 CrSign in free for the trailing twelve months
Interest609 Cr618 Cr786 Cr1,139 Cr963 Cr997 Cr2,174 Cr2,556 Cr3,365 Cr3,396 CrSign in free for the trailing twelve months
Depreciation2,776 Cr2,834 Cr3,085 Cr3,370 Cr3,625 Cr4,000 Cr4,560 Cr5,596 Cr6,154 Cr7,347 CrSign in free for the trailing twelve months
Profit before tax11,197 Cr10,110 Cr10,039 Cr1,374 Cr14,197 Cr9,144 Cr-9,984 Cr20,500 Cr9,000 Cr23,638 CrSign in free for the trailing twelve months
Tax %26.4%28.6%33.4%-92.0%24.9%20.2%30.1%21.9%25.2%23.7%Sign in free for the trailing twelve months
Net profit8,236 Cr7,218 Cr6,691 Cr2,639 Cr10,663 Cr7,294 Cr-6,980 Cr16,015 Cr6,736 Cr18,047 CrSign in free for the trailing twelve months
EPS (₹)₹54.05₹47.37₹43.91₹17.32₹70.57₹51.36₹-49.21₹112.89₹31.66₹84.81Sign in free for the trailing twelve months
Dividend payout %————13.9%44.2%—13.3%34.7%18.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital1,016 Cr1,524 Cr1,524 Cr1,524 Cr1,452 Cr1,419 Cr1,419 Cr1,419 Cr2,128 Cr2,128 Cr
Reserves20,055 Cr24,008 Cr28,876 Cr29,456 Cr36,628 Cr39,985 Cr30,844 Cr45,502 Cr49,016 Cr63,428 Cr
Borrowings18,032 Cr20,535 Cr26,036 Cr39,386 Cr42,674 Cr44,979 Cr67,048 Cr62,813 Cr66,429 Cr50,899 Cr
Other liabilities41,215 Cr43,604 Cr50,909 Cr46,540 Cr53,405 Cr68,245 Cr62,028 Cr73,050 Cr77,171 Cr86,584 Cr
Total liabilities80,319 Cr89,672 Cr1,07,346 Cr1,16,906 Cr1,34,160 Cr1,54,628 Cr1,61,340 Cr1,82,785 Cr1,94,745 Cr2,03,039 Cr
Fixed assets (net)36,439 Cr38,226 Cr41,169 Cr48,392 Cr49,951 Cr56,982 Cr67,305 Cr78,372 Cr84,767 Cr98,981 Cr
CWIP1,795 Cr3,989 Cr9,496 Cr17,144 Cr25,129 Cr28,645 Cr25,311 Cr20,048 Cr17,935 Cr7,894 Cr
Investments11,773 Cr12,882 Cr14,297 Cr14,396 Cr15,093 Cr18,867 Cr23,689 Cr29,540 Cr27,046 Cr28,012 Cr
Loans & advances———410 Cr126 Cr155 Cr171 Cr108 Cr119 Cr99 Cr
Inventories18,629 Cr18,612 Cr20,444 Cr19,326 Cr28,764 Cr35,515 Cr29,575 Cr34,211 Cr38,325 Cr39,559 Cr
Trade receivables4,092 Cr5,587 Cr5,668 Cr3,934 Cr6,870 Cr6,340 Cr6,832 Cr9,324 Cr11,781 Cr7,404 Cr
Cash & bank111 Cr122 Cr199 Cr205 Cr480 Cr234 Cr518 Cr280 Cr166 Cr124 Cr
Other assets7,480 Cr10,254 Cr16,074 Cr13,100 Cr7,746 Cr7,890 Cr7,937 Cr10,901 Cr14,605 Cr20,966 Cr
Total assets80,319 Cr89,672 Cr1,07,346 Cr1,16,906 Cr1,34,160 Cr1,54,628 Cr1,61,340 Cr1,82,785 Cr1,94,745 Cr2,03,039 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity10,254 Cr11,037 Cr8,554 Cr5,469 Cr17,829 Cr15,810 Cr-3,466 Cr23,852 Cr14,228 Cr36,111 Cr
Cash from investing-5,304 Cr-7,398 Cr-11,382 Cr-14,168 Cr-12,279 Cr-13,745 Cr-11,384 Cr-13,019 Cr-10,557 Cr-11,404 Cr
Cash from financing-4,239 Cr-4,423 Cr2,598 Cr8,452 Cr-4,709 Cr-2,066 Cr16,025 Cr-16,155 Cr-4,138 Cr-22,770 Cr
Net cash flow712 Cr-784 Cr-229 Cr-247 Cr841 Cr-0.85 Cr1,175 Cr-5,322 Cr-467 Cr1,936 Cr
Free cash flow (OCF − Capex)4,347 Cr4,322 Cr-2,784 Cr-8,387 Cr6,163 Cr3,465 Cr-12,913 Cr13,781 Cr4,648 Cr27,779 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %30.2%23.3%19.2%3.6%18.8%11.7%-7.9%21.0%10.5%23.2%
ROE %39.1%28.3%22.0%8.5%28.0%17.6%-21.6%34.1%13.2%27.5%
Debtor days7875965796
Inventory days15013210711825418687989598
Days payable102112897015713968787477
Cash conversion cycle552824531065325273026
OCF / EBITDA %94.3%103.0%74.2%n.m.111.4%n.m.—95.7%86.0%117.9%
OCF / EBITDA % (3 years)——90.1%89.8%96.0%122.6%n.m.n.m.n.m.102.9%
Debt / equity0.860.800.861.271.121.092.081.341.300.78
Current ratio0.720.780.760.660.710.700.590.610.600.64
Net debt / EBITDA1.651.912.246.922.644.37—2.514.001.66