I-Sec retains Buy on HPCL., raises target price to Rs 535
ADVERTISEMENT HPCL's key products/revenue segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 110206.71 crore, down -.78 % from last quarter Total Income of Rs 111070.31 crore and down -4.27 % from last year same quarter. Total Income of Rs 115124.66 Crore. Company has reported net profit after tax of Rs 3066.59 Crore in latest quarter.
The company's top management includes Mr.Pushp Kumar Joshi, Mr.Vinod Seshan, Mr.Suresh K Shetty, Mr.S Bharathan, Mr.Rajneesh Narang, Mr.Amit Garg, Mr.K S Narendiran, Mr.Nagaraja Bhalki, Mr.Ramdarshan Singh Pal, Mr.Vivekananda Biswal, Mr.Bechan Lal, Mrs.Vimla Pradhan, Mr.Pankaj Kumar. Company has R Devendra Kumar & Associates as its auditors. As on 31-03-2025, the company has a total of 213 crore shares outstanding.
Investment Rationale ICICI Securities believes, at current valuations, HPCL is at an attractive level and does not fully reflect the structural changes in scale and the company?s potential earnings profile over the next three years. The brokerage appreciates that the stabilisation challenges for both Vizag and Rajasthan partly offset the recent strength in the marketing segment driving downgrades to FY26E EPS by 1.1%; however, additional GRMs from residual upgradation at Vizag drives upgrades for FY27E EPS by 4.2% Our revised target price of Rs 535 (earlier Rs 445) factors in a roll forward to FY28E earnings. Our valuation for the company, at ~5.5x of FY28E EV/EBITDA for refining and marketing businesses with listed investments valued at CMP, implies a ~35% upside from CMP. They have reiterated a BUY.
Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.55 per cent, DIIs 23.46 per cent.
(You can now subscribe to our ETMarkets WhatsApp channel)
Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
27 minutes ago
- Economic Times
Kothari Industrial Corporation acquires Zodiz, Jeetlo to strengthen mass footwear presence
KICL, the flagship company of the diversified D C Kothari Group, acquired footwear brands Zodiz and Jeetlo for an undisclosed sum, further expanding its presence in the mass-market footwear segment, an official said. Kothari Industrial Corporation Ltd had previously acquired noted overseas brands, including Kickers, and has set up a non-leather footwear park in Tamil Nadu's Perambalur district. The acquisition of Zodiz and Jeetlo, along with their associated sub-brands, will come into effect from August 4, 2025, the company said in a statement on Zodiz brand is promoted by Coimbatore-based Zaimus Trends Pvt Ltd and is known for its affordable footwear promoted by Haryana-based India Pvt Ltd, has a strong presence across e-commerce platforms. The acquisition is expected to provide KICL with a firm foothold in underserved and fast-growing consumer segments. Both brands retail products priced below Rs 1,000 per pair, catering to a quality-conscious and value-driven industry data, KICL said that footwear priced under Rs 1,000 accounts for nearly 80 per cent of total consumption, with the sector estimated to be valued between Rs 80,000 crore and Rs 85,000 crore annually."This is not just an acquisition; it marks the beginning of a new chapter that will unlock value for consumers, partners, and stakeholders," said KICL executive chairman Jinnah Rafiq company plans to focus its marketing strategy on tier-II and tier-III cities, offering products that align with evolving fashion sensibilities while ensuring comfort for daily wear, he added. Ahmed noted that the Indian footwear market is undergoing a "profound transformation", with per capita consumption currently at 1.9 pairs per annum-a figure expected to double by 2030. The domestic footwear industry is at a pivotal moment. India is witnessing a rapid shift in consumer preferences. Footwear is no longer seen as mere utility-it has evolved into a symbol of personal style and self-expression, he said.
Time of India
27 minutes ago
- Time of India
Kothari Industrial Corporation acquires Zodiz, Jeetlo to strengthen mass footwear presence
KICL, a D C Kothari Group company, is set to acquire footwear brands Zodiz and Jeetlo, effective August 4, 2025, to bolster its presence in the mass-market segment. This acquisition will provide KICL with a stronger foothold in underserved consumer segments, focusing on products priced under Rs 1,000, catering to a value-driven market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Cons. Products 1. Over one lakh jobs in India's jewellery industry at risk due to fresh US tariffs KICL, the flagship company of the diversified D C Kothari Group, acquired footwear brands Zodiz and Jeetlo for an undisclosed sum, further expanding its presence in the mass-market footwear segment, an official said. Kothari Industrial Corporation Ltd had previously acquired noted overseas brands, including Kickers, and has set up a non-leather footwear park in Tamil Nadu's Perambalur acquisition of Zodiz and Jeetlo, along with their associated sub-brands, will come into effect from August 4, 2025, the company said in a statement on Zodiz brand is promoted by Coimbatore-based Zaimus Trends Pvt Ltd and is known for its affordable footwear promoted by Haryana-based India Pvt Ltd, has a strong presence across e-commerce acquisition is expected to provide KICL with a firm foothold in underserved and fast-growing consumer segments. Both brands retail products priced below Rs 1,000 per pair, catering to a quality-conscious and value-driven industry data, KICL said that footwear priced under Rs 1,000 accounts for nearly 80 per cent of total consumption, with the sector estimated to be valued between Rs 80,000 crore and Rs 85,000 crore annually."This is not just an acquisition; it marks the beginning of a new chapter that will unlock value for consumers, partners, and stakeholders," said KICL executive chairman Jinnah Rafiq company plans to focus its marketing strategy on tier-II and tier-III cities, offering products that align with evolving fashion sensibilities while ensuring comfort for daily wear, he noted that the Indian footwear market is undergoing a "profound transformation", with per capita consumption currently at 1.9 pairs per annum-a figure expected to double by domestic footwear industry is at a pivotal moment. India is witnessing a rapid shift in consumer preferences. Footwear is no longer seen as mere utility-it has evolved into a symbol of personal style and self-expression, he said.
India.com
27 minutes ago
- India.com
FPIs Pullout Rs 17741 Cr From Indian Equities In July, High Selling This Week Turns July Investment Negative: NSDL
New Delhi: Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, with a total outflow of Rs -17,741 crore, according to data released by NSDL. This marks the first month of negative investment by FPIs after three consecutive months of positive inflows during April, May, and June. The sharp reversal in sentiment was driven by a sudden surge in selling during the last week of July. Between 28 July and 1 August, foreign investors pulled out Rs 17,390.6 crore from Indian equities, which significantly impacted the overall monthly numbers and pushed July's investment into negative territory. The recent selling pressure is largely due to the fresh reciprocal tariffs imposed by the United States, which has impacted India among several other countries. These tariffs have raised concerns over global trade stability and investor sentiment, prompting FPIs to reassess their exposure in markets. The data also highlighted that May saw the highest FPI inflows so far in 2025, while January witnessed the largest sell-off, with net selling of Rs -78,027 crore. With the recent selling in July, the total net outflow by FPIs in the calendar year 2025 has now crossed Rs -1,01,795 crore. The reversal in FPI trend raises concerns for the Indian equity market, which had been witnessing strong support from foreign investors in the previous months. However, the global economic developments like reciprocal tariffs by US President Trump and geopolitical tensions between US and Russia will continue to influence FPI behavior in the coming weeks. In the previous month of June, FPIs had made a net investment of Rs 14,590 crore in the Indian equity segment. In May, foreign investors poured in Rs 19,860 crore, making it the best-performing month of the year so far in terms of FPI inflows.
