The shares of this main LPG options supplier are in focus after the corporate has secured a long-term contract from main PSUs value Rs 42 crore. On this article, we are going to talk about extra about this intimately.
With a market capitalisation of Rs 1,678 crores, the shares of Confidence Petroleum India Ltd are presently buying and selling at Rs 50.5 per share, down by 48.73 % from its 52-week excessive of Rs 98.50 per share. Over the previous 5 years, the inventory has delivered a return of 158 %.
On Friday, the corporate, by a inventory change submitting, introduced that the corporate has secured a bottling help contract value Rs 42.09 crore from Bharat Petroleum Company Restricted (BPCL), Hindustan Petroleum Company Restricted (HPCL), and Indian Oil Company Restricted (IOCL).
In line with the corporate’s submitting, the contracts cowl LPG bottling volumes of three lakh cylinders for BPCL at Kollam for 10 years, 1.2 lakh cylinders for HPCL at Trivandrum for 10 years, and 90,000 cylinders for IOCL at Murbad for a three-year time period.
Monetary Highlights
The corporate reported a consolidated income of Rs 3,146 crores in FY25, up by 16.60 % from its FY24 income of Rs 2,698 crores. Nonetheless, the corporate reported a internet revenue decline of 13.33 % to Rs 91 crore in FY25 from Rs 105 crores in FY24.
The inventory delivered an ROE and ROCE of 6.87 % and 9.48 %, respectively, and is presently buying and selling at a P/E of 19.52x as in comparison with its business common of twenty-two.20x.
Confidence Petroleum India Restricted produces and sells LPG cylinders in India by the Cylinder Division and LPG Division. The corporate provides CNG and packed LPG cylinders, LPG bottling providers, and operates auto LPG meting out stations. The corporate targets each business and industrial clients and sells its merchandise underneath the GoGas model.
Written by Satyajeet Mukherjee
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