MarketFriction

Hindustan Oil Exploration Company Ltd

NSE HINDOILEXP · BSE 500186 · Oil Exploration & Production
₹167.31 -2.47%
NSE close2026-10-01
52 week range117.50 - 201.44
Market cap₹2,299 Cr.
P/E91.5
Price band 20% Delivery 53.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales112.83179.08289.61136.1594.81146.5243.3978.65315.0175.38-205.89114.18
Expenses44.85108.44214.9473.7763.1172.5038.6146.47292.2648.12-232.51108.67
Operating Profit67.9870.6474.6762.3831.7074.024.7832.1822.7527.2626.625.51
OPM %60.25%39.45%25.78%45.82%33.44%50.52%11.02%40.92%7.22%36.16%4.83%
Other Income2.669.5137.1310.604.773.6757.0835.372.403.736.7020.16
Interest8.187.436.336.015.495.364.574.454.244.234.133.28
Depreciation18.3721.3320.2718.4717.5819.8621.7118.3616.9419.9020.1915.84
Profit before tax44.0951.3985.2048.5013.4052.4735.5844.743.976.869.006.55
Tax %2.09%9.38%17.12%13.59%19.33%17.44%-43.82%1.94%28.72%-20.70%13.78%4.89%
Net Profit43.1846.5770.6141.9210.8143.3251.1643.872.838.287.776.24
EPS in Rs3.273.525.343.170.823.283.873.320.210.630.590.47
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales482649265202114156558749421263299
Expenses45241877775977245440247153217
Operating Profit3131188125557831230917411082
OPM %6%5%63%71%62%48%50%56%41%41%42%28%
Other Income204816154827-23-352764833
Interest50126693832221816
Depreciation12108442923267480787573
Profit before tax6403815713752201972481506526
Tax %11%10%0%0%-0%-3%-2%2%9%2%3%
Net Profit5363815713853201942261476325
EPS in Rs0.382.762.8812.0110.404.041.5114.6717.1211.134.751.90
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%18%-22%-18%
Compounded Profit Growth50%-3%-48%-79%
Stock Price CAGR12%-4%0%1%
Return on Equity13%12%10%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131131131131131132132132132132132132
Reserves1501752112534105476016218151,0421,1891,252
Borrowings0000124525435736417412150
Other Liabilities154186183160182311198417539603521736
Total Liabilities4354915255447341,0361,1851,5271,8501,9511,9622,170
Fixed Assets80682322813843573355101,2461,2471,1911,451
CWIP118130662632753578232384887
Investments2874160511371186519133000
Other Assets210219127207187233251216439666723632
Total Assets4354915255447341,0361,1851,5271,8501,9511,9622,170
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity129498-7167287-77111219123161178
Cash from Investing Activity2-1-32-60-148-297-208-280-77-39-83-93
Cash from Financing Activity-24000034206106-27-215-78-80
Net Cash Flow-109367-672024-79-63115-13206
Free Cash Flow78549-5650-16-283-1551481041283
CFO/OP-140%2,057%1,901%-26%89%231%-145%137%72%42%96%156%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3431741245666100387715310542
Inventory Days1,238769
Days Payable714291
Cash Conversion Cycle558508741245666100387715310542
Working Capital Days463395-38413733-241-221-612-17733124-6
ROCE %-5%2%3%9%33%18%5%6%20%18%12%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs0.97%1.25%1.31%1.80%1.64%1.40%1.76%1.45%1.71%1.38%1.49%1.88%
DIIs4.00%0.61%0.66%0.52%0.28%0.34%0.32%0.48%0.49%0.12%0.12%0.13%
Public95.03%98.14%98.01%97.67%98.07%98.25%97.92%98.06%97.79%98.49%98.38%97.99%
No. of Shareholders84,12087,97898,32995,20294,18696,66993,79595,50992,86691,72394,70090,352

Fundamentals

Market Cap₹ 2,299 Cr.
Current Price₹ 174
Stock P/E91.5
Book Value₹ 105
ROCE3.49 %
ROE2.13 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-18%
Compounded Profit Growth (TTM)-79%
Consolidated figures.
Valuation
Market capRs 2,213 Cr
Enterprise valueRs 2,208 Cr
P/E (TTM)88.08x
Price to book1.60x
Price to sales7.41x
EV / EBITDA19.18x
EV / EBIT52.24x
EV / sales7.39x
Price to cash flow12.44x
Earnings yield1.14%
P/E, 3-year average16.90x
P/B, 3-year average1.61x
P/E, 5-year average40.88x
P/B, 5-year average2.08x
Profitability
Operating margin (excl. other income)41.78%
Operating margin (incl. other income)60.10%
EBITDA margin38.55%
Pre-tax margin8.83%
Net profit margin8.41%
Net margin, latest quarter5.47%
ROE4.64%
ROCE5.76%
ROA3.04%
ROE, 3-year average12.59%
ROCE, 3-year average13.06%
ROA, 3-year average7.49%
ROE, 5-year average12.66%
ROCE, 5-year average12.28%
ROA, 5-year average7.09%
ROIC (approx.)2.98%
Tax rate2.83%
Other income / net worth3.48%
Growth
Sales growth (latest year)-37.47%
Profit growth (latest year)-57.37%
Sales CAGR, 3 years-22.15%
Sales CAGR, 5 years18.24%
Profit CAGR, 3 years-31.36%
Profit CAGR, 5 years3.27%
Sales growth QoQ-155.46%
Profit growth QoQ-19.69%
Sales growth YoY (latest quarter)45.17%
Profit growth YoY (latest quarter)-85.78%
Per share
EPS (TTM)Rs 1.90
EPS (latest year)Rs 4.75
EPS (latest quarter)Rs 0.47
EPS, 3-year averageRs 11.00
EPS, 5-year averageRs 9.84
Book value per shareRs 104.71
Sales per shareRs 22.59
Cash flow per shareRs 13.45
Free cash flow per shareRs 0.23
Efficiency
Asset turnover0.12x
Fixed asset turnover0.18x
Inventory turnover0.27x
Inventory days1359 days
Debtor days42 days
Debtors turnover8.73x
Creditor days291 days
Cash conversion cycle42 days
Working capital days-6 days
Leverage
Total debtRs 50 Cr
Cash and bankRs 55 Cr
Net debtRs -5 Cr
Debt to equity0.04x
Net debt / EBITDA-0.04x
Interest coverage2.66x
Current ratio (filing 2026-03-31)1.10x
Quick ratio (filing 2026-03-31)0.29x
Trade payables (filing 2026-03-31)Rs 37 Cr
Owners' fund to total sources63.80%
Debt to assets2.29%
Cash flow
Cash from Operating Activity (latest year)Rs 178 Cr
Cash from Investing Activity (latest year)Rs -93 Cr
Cash from Financing Activity (latest year)Rs -80 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs 3 Cr
FCFE (approx.: FCF + change in debt)Rs -68 Cr
Cash from ops / profit, 5 years1.22x
Sales to cash flow1.48x
Statement figures
Net sales (TTM)Rs 299 Cr
Net sales (latest year)Rs 263 Cr
Sales (latest quarter)Rs 114 Cr
Operating profit excl. other income (latest year)Rs 110 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 33 Cr
EBITDA (TTM)Rs 115 Cr
PBDT (TTM)Rs 99 Cr
Profit before tax (TTM)Rs 26 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 25 Cr
Net profit (latest year)Rs 63 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 73 Cr
Depreciation (latest quarter)Rs 16 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 106 Cr
Total expenditure (latest year)Rs 153 Cr
Total income (latest year)Rs 311 Cr
Share capitalRs 132 Cr
ReservesRs 1,252 Cr
Shareholders' fundsRs 1,385 Cr
Total assetsRs 2,170 Cr
Net blockRs 1,451 Cr
Capital work in progressRs 87 Cr
InvestmentsRs 0 Cr
ReceivablesRs 30 Cr
InventoryRs 394 Cr
Other liabilitiesRs 736 Cr
Shares outstanding (crore)13.22
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 88.1 is at the 90th percentile of its own 9.4-year range (median 15.9, low 2.9, high 123.6).
P/B 1.60 is at the 18th percentile (median 2.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHINDOILEXPNifty 50Difference
1 week-3.2%-2.8% -0.4 pts
1 month-1.0%-6.8% +5.8 pts
3 months+4.4%-7.6% +12.0 pts
6 months+41.4%+0.4% +41.0 pts
1 year-5.0%-9.9% +5.0 pts
2 years-30.4%-13.6% -16.9 pts
3 years-3.1%+14.2% -17.3 pts
5 years-21.0%+27.9% -48.9 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 -4%

Red flags

F-score 6 of 8
lookInventory outrunning sales Inventory grew 87% vs sales -37% in 2026
lookProfit leans on other income Other income was 75% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-07-17: Hindustan Oil Exploration Company Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹114 Cr +45.2% vs Jun 2025. Net profit ₹6 Cr -85.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-09-20Annual General Meeting
2022-09-20Annual General Meeting
2021-09-20 Annual General Meeting
2020-09-22 Annual General Meeting
2019-08-16 Annual General Meeting
2018-08-10 Annual General Meeting
2017-09-15 Annual General Meeting
2016-09-16 Annual General Meeting
2015-09-15 Annual General Meeting
2014-08-06Annual General Meeting
2013-08-07Annual General Meeting
2012-09-20Annual General Meeting
2011-09-22Annual General Meeting
2010-09-24Annual General Meeting
2010-08-23Interim Dividend-Re.0.50 Per Share
2009-08-05Annual General Meeting
2008-08-11Agm/Div-Re.1 Per Share Bc Dates Revised
2007-11-15Rights-Eq 2:3@ Prem Rs107
2007-08-10Agm
2006-08-18Div10%/Rght1:3@Prem Rs.66
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-02General UpdatesAGM and Book Closure Notice
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-09-01General UpdatesGeneral Updates
2026-08-20Concall / analyst meetTranscript
2026-08-19General UpdatesGeneral Updates
2026-08-13Concall / analyst meetLink of Recording
2026-08-13General UpdatesGeneral Updates
2026-08-13Investor PresentationInvestor Presentation
2026-08-12General UpdatesGeneral Updates
2026-08-12Board meeting outcomeHindustan Oil Exploration Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetSchedule of meet
2026-07-24Shareholder meetingVoting results of Postal Ballot
2026-07-17Regulatory actionAction(s) taken or orders passed
2026-07-01Regulatory actionAction(s) taken or orders passed
2026-06-23Shareholder meetingNotice of Postal Ballot
2026-06-19Concall / analyst meetTranscript
2026-06-14General UpdatesGeneral Updates
2026-06-14RetirementRetirement
2026-06-12Concall / analyst meetLink of Recording
2026-06-12Investor PresentationInvestor Presentation
2026-06-11Board meeting outcomeHindustan Oil Exploration Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-06-10General UpdatesGeneral Updates
2026-06-08Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-11-17NCLATHindustan Oil Exploration Company VS Erstwhile Committee of Creditors JEKPL Pvt Ltd &Ors
2020-10-14NCLTM/s Hindustan Oil Exploration Company Ltd Vs Erstwhile Committee of Creditors of JEKPL Pvt Ltd & Ors
2019-01-28NCLATHindustan Oil Exploration Co. Ltd. VS JEKPL Pvt. Ltd. & Anr.
2018-12-17NCLATHindustan Oil Exploration Company Ltd. VS JEKPL Pvt. Ltd. & Anr
2018-11-12NCLATHindustan Oil Exploration Company Ltd. VS JEKPL Pvt. Ltd. & Anr
2018-09-25NCLATHindustan Oil Exploration Company Ltd. VS JEKPL Pvt. Ltd. & Anr
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Hindustan Oil Exploration Company Ltd?

Hindustan Oil Exploration Company Ltd (HINDOILEXP) has a market capitalisation of Rs 2,299 Cr. at the 2026-10-01 close.

What is the P/E ratio of Hindustan Oil Exploration Company Ltd?

Hindustan Oil Exploration Company Ltd trades at a P/E of 91.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hindustan Oil Exploration Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Hindustan Oil Exploration Company Ltd sales was Rs 114 Cr (+45.2% vs Jun 2025) and net profit was Rs 6 Cr.

What is the 52-week high and low of Hindustan Oil Exploration Company Ltd?

The 52-week high is Rs 201.44 and the 52-week low is Rs 117.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03