HPCL’s key merchandise/income segments embody Refinery, Hire and Different Working Income for the 12 months ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the corporate has reported a Consolidated Complete Revenue of Rs 110206.71 crore, down -.78 % from final quarter Complete Revenue of Rs 111070.31 crore and down -4.27 % from final 12 months identical quarter. Complete Revenue of Rs 115124.66 Crore. Firm has reported web revenue after tax of Rs 3066.59 Crore in newest quarter. The corporate’s prime administration consists of Mr.Pushp Kumar Joshi, Mr.Vinod Seshan, Mr.Suresh Ok Shetty, Mr.S Bharathan, Mr.Rajneesh Narang, Mr.Amit Garg, Mr.Ok S Narendiran, Mr.Nagaraja Bhalki, Mr.Ramdarshan Singh Pal, Mr.Vivekananda Biswal, Mr.Bechan Lal, Mrs.Vimla Pradhan, Mr.Pankaj Kumar. Firm has R Devendra Kumar & Associates as its auditors. As on 31-03-2025, the corporate has a complete of 213 crore shares excellent.
Funding Rationale
ICICI Securities believes, at present valuations, HPCL is at a sexy degree and doesn’t totally mirror the structural modifications in scale and the corporate?s potential earnings profile over the subsequent three years. The brokerage appreciates that the stabilisation challenges for each Vizag and Rajasthan partly offset the latest power within the advertising and marketing section driving downgrades to FY26E EPS by 1.1%; nonetheless, extra GRMs from residual upgradation at Vizag drives upgrades for FY27E EPS by 4.2% Our revised goal value of Rs 535 (earlier Rs 445) components in a roll ahead to FY28E earnings. Our valuation for the corporate, at ~5.5x of FY28E EV/EBITDA for refining and advertising and marketing companies with listed investments valued at CMP, implies a ~35% upside from CMP. They’ve reiterated a BUY. Promoter/FII Holdings
Promoters held 54.9 per cent stake within the firm as of 31-Mar-2025, whereas FIIs owned 12.55 per cent, DIIs 23.46 per cent.
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