Latest news with #HindustanPetroleumCorporation
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Business Standard
26-06-2025
- Business
- Business Standard
HPCL up 4%, at 8-mth high: Time to buy or sell? Here's what brokerages say
Hindustan Petroleum Corporation (HPCL) share price Shares of Hindustan Petroleum Corporation (HPCL) hit an eight-month high at ₹424.35, as they rallied 4 per cent on the BSE in Thursday's intra-day trade amid a sharp correction in the crude oil prices, after the US President announced ceasefire in the Israel-Iran war. The stock price of the state-owned oil marketing company (OMC) was trading higher for the fifth straight day, surging 9 per cent in one week. In comparison, the BSE Sensex was up 1.7 per cent during the same period. Shares of HPCL hit its highest level since October 2024. The stock had hit a 52-week high of ₹457.20 on September 5, 2024. At 11:02 AM; HPCL was trading 2 per cent higher at ₹415.80, as compared to 0.5 per cent rise in the BSE Sensex. Meanwhile, share price of Bharat Petroleum Corporation (₹328.80) and Indian Oil Corporation (₹144.90) were up 3 per cent and 2 per cent, respectively, in intra-day trade. OMCs were earning a gross margin of ₹7.9 per litre on gasoline and ₹4.3 per litre on diesel. Therefore, any downward movement of international crude oil prices would rise margin of these companies. On Monday, both oil contracts settled down more than 7 per cent. They had rallied to five-month highs after the US attacked Iran's nuclear facilities, Reuters reported. Kotak Institutional Equities view on OMCs With prices of retail fuels (83-85 per cent of volumes) frozen, OMCs are an inverse oil play. With oil prices declining (average $67/63/bbl in April/May), OMCs' marketing margins were very high. There was an expectation of retail price cuts (Oil Minister: OMCs have headroom to cut retail prices). With geopolitical worries rising, retail price cuts are unlikely soon. If retail prices were cut, a reversal would have been difficult. But if the conflict eases soon, margins may further rise. While OMCs' near-term earnings will remain strong (despite the oil price spike), the brokerage firm said its key concerns remain on the lack of pricing power and large capex. Emkay Global Financial Services view on HPCL HPCL's current major capex cycle is coming to an end. For now, focus is on returns from this capex, before it embarks on the next leg for meeting the 5-year capex cycle of ₹77,000 crore. Capex is being made prudently now. There are no huge projects as of now. It aims to veer debt-to-equity and serviceability in the right direction. The new CMD, being a career energy consultant, has always been positive on HPCL. He believes it is an excellent business with a highly competent team, in refining as well as in marketing, and has achieved much so far. There are improvement opportunities, which would be the main focus; the company will unveil its plans going ahead. It would work for shareholder value creation, including minorities. 'In FY25, HPCL outperformed PSU peers, gaining 0.25 per cent market share. LPG loss rose 6 per cent quarter-on-quarter (QoQ) to ₹3,300 crore in Q4, while net debt grew 6 per cent year-on-year (YoY)/19 per cent QoQ to ₹57,900 crore. The new CMD stressed on focus on returns from the current capex cycle which is coming to an end and generating positive free cash flow (FCF) with debt reduction. The brokerage firm raise FY26E/27E EPS by 22 per cent/16 per cent, building in better margins; analysts raise rolled over Mar-26E target price by ~11 per cent to ₹500 from ₹450; retain BUY,' the brokerage firm said in the Q4 result update.
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Business Standard
11-06-2025
- Business
- Business Standard
PSU oil & gas shares in focus; BPCL, HPCL, IOC, OIL, ONGC rally up to 5%
Oil & gas companies' share price today: Shares of public sector undertaking (PSU) oil & gas, including upstream and downstream companies, rallied by up to 5 per cent on the BSE in Wednesday's intra-day trade. Shares of key oil and gas companies gained over 1 per cent on the BSE. Oil India rose 5 per cent to ₹460.65, Hindustan Petroleum Corporation (HPCL) climbed 4 per cent to ₹420.30, Bharat Petroleum Corporation (BPCL) added 4 per cent to ₹331.70, Indian Oil Corporation (IOC) advanced 3 per cent to ₹146.70, while Oil and Natural Gas Corporation (ONGC) was up 1.7 per cent at ₹248.70. At 11:45 AM, the BSE Oil & Gas index, the top gainer among sectoral indices, was up 2 per cent, as compared to a 0.33 per cent rise in the BSE Sensex. Track LIVE Stock Market Updates Here What's driving oil & gas stocks today? According to a Reuters report, oil prices fell in early trade on Wednesday as markets were assessing the outcome of US-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and Opec+ production increases weighing on the market. Brent crude oil prices slipped 0.60 per cent to $66.40 a barrel before trimming losses. Meanwhile, according to a Bloomberg report, India's state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry. Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to jointly issue a tender later this year for the medium-range tankers. The proposal could be valued at as much as $600 million, and will require delivery to start by 2028; the report suggested quoting the people familiar with the matter who asked not to be identified because the information isn't yet public. International crude oil prices in Q1FY26 are at ~$65/barrel, a $10/bbl decline over the Q4FY25 level. Every $1/bbl drop in crude oil price improves OMCs' gross margin for gasoline/diesel by ₹0.55/litre, it said. "OMCs would additionally benefit from nil Liquefied Petroleum Gas (LPG) losses in FY26 at current $65/bbl crude oil price versus ₹25,000 crore cumulative LPG losses at our previous crude oil estimate of $75/bbl', the brokerage firm said. Analysts at Elara Capital remain bullish on Oil India's prospects due to continued growth in production, capacity expansion by 200 per cent at Numaligarh Refinery (NRL) by Q4FY26 and accelerating drilling plan for wells. As part of its 2030 strategy, Oil India aims to raise production to 10–12 million tonnes by FY30 from 8.8 million tonnes in FY25. This includes 7–8 mntoe from domestic fields, 1–2 mntoe from new wells, and 1–2 mntoe from overseas assets. The company plans to drill 75–80 wells in FY26, up from 62 in FY25, and 106 exploration wells over the next three years. It is also awaiting clearance for the Indradhanush Gas Grid Limited pipeline, which will enhance gas offtake by linking to GAIL's national grid, according to a brokerage update. Meanwhile, OMC managements expect strong marketing performance to continue in Q1FY26, supported by improved refining spreads and lower LPG under-recoveries as propane prices ease. ONGC and Oil India also project higher production driven by KG-98 and NRL, respectively, according to Motilal Oswal.
Time of India
12-05-2025
- Business
- Time of India
I-Sec retains Buy on HPCL., raises target price to Rs 535
ICICI Securities has maintained its Buy call on Hindustan Petroleum Corporation with a revised target price of Rs 535 (earlier Rs 445). The current market price of Hindustan Petroleum Corporation is Rs 382.55. HPCL , incorporated in 1952, is a Large Cap company with a market cap of Rs 80963.65 crore, operating in Gas & Petroleum sector. HPCL's key products/revenue segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top Packaging Trends In 2024 - Take A Look Packaging Machines | Search Ads Search Now Undo Financials Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. 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 Kumar Joshi, Seshan, K Shetty, Mr.S Bharathan, Narang, Garg, Mr.K S Narendiran, Bhalki, Singh Pal, Biswal, Lal, Pradhan, 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. Live Events 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.
Economic Times
12-05-2025
- Business
- Economic Times
I-Sec retains Buy on HPCL., raises target price to Rs 535
ICICI Securities has maintained its Buy call on Hindustan Petroleum Corporation with a revised target price of Rs 535 (earlier Rs 445). The current market price of Hindustan Petroleum Corporation is Rs 382.55. HPCL, incorporated in 1952, is a Large Cap company with a market cap of Rs 80963.65 crore, operating in Gas & Petroleum sector. 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 Kumar Joshi, Seshan, K Shetty, Mr.S Bharathan, Narang, Garg, Mr.K S Narendiran, Bhalki, Singh Pal, Biswal, Lal, Pradhan, 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 Please consult your financial adviser before taking any position in the stock/s mentioned.
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Business Standard
07-05-2025
- Business
- Business Standard
HPCL share price rises 2% on posting Q4 results; PAT rises 11% QoQ
HPCL share price: Shares of Hindustan Petroleum Corporation gained 2 per cent in trade, logging an intraday high at ₹405 per share on BSE. The demand for the stock came after the company announced Q4 results along with dividend. At 11:51 AM, HPCL shares were trading 1.3 per cent higher at ₹402.05 per share on the BSE. In comparison, the BSE Sensex was down 0.06 per cent at 80,589.96. The market capitalisation of the company stood at ₹85,549.10 crore. The 52-week high of the stock was at ₹457.20 per share and the 52-week low of the stock was at ₹287.55 per share. In the past one year, HPCL shares have gained 15 per cent as against Sensex's rise of 9.6 per cent. HPCL Q4 results 2025 The state-run refiner posted its Q4 results on Tuesday after market hours. Its standalone net profit in the fourth quarter increased 11 per cent to ₹3,354.98 crore as compared to ₹3,022.9 in Q3FY25. The company's average gross refining margin - the profit from making refined products from one barrel of oil - rose to $8.44 per barrel for the reported quarter from $6.95 per barrel a year ago. Going ahead, the company is poised to leverage its robust infrastructure and market position to navigate the evolving energy landscape, the filing read. HPCL dividend 2025 The company's board recommended a final dividend of ₹10.5 per share on face value of equity shares of ₹10 each for financial year 2024-25. The record date for eligible shareholders is set as August 14, 2025. About HPCL Hindustan Petroleum Corporation Limited (HPCL) is a leading Indian public sector oil and gas company headquartered in Mumbai, Maharashtra. The company owns and operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 7.5 Million Metric Tonnes Per Annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA.
