Hindustan Petrolium Corporation Ltd

Hindustan Petroleum Corporation is engaged, primarily in the business of refining of crude oil and marketing of petroleum prod

Pregress in 2017-18

SHAREHOLDING PATTERN
Only one Promoter is holding 54.06% shares in the company out of total holdings of the company.

INCOME STATEMENT
Sales have increased by 15%.
Expenses have increased by 15% and Operating Profit has increased by 1%.
EPS has increased by 2%.

BALANCE SHEET
Equity Capital has increased by 33%.
Reserves have increased by 14%.
Borrowings have decreased by 1% but the Liabilities have increased by 9%.

FINANCIAL RATIOS
ROCE- Decreased by 4%.
Dividend Payout - Decrease by 17%.

Pros:
Stock is providing a good dividend yield of 7.04%.
Company has good consistent profit growth of 49.19% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.10%
Company has been maintaining a healthy dividend payout of 40.42%

Cons:
The company has delivered a poor growth of 1.19% over past five years.
Company might be capitalizing the interest cost

ACHIEVEMENTS
Shri J. Ramaswamy, Director Finance, Hindustan Petroleum Corp. Ltd. wins best CFO Award of PSU-Large category at YES BANK-
BEST CFO Awards 2018.
PROFIT AND LOSS ACCOUNT

Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13

Sales  88,996 104,313 124,752 107,637 133,672 178,336 206,722
Sales Growth % 25.83% 17.21% 19.59% -13.72% 24.19% 33.41% 15.92%
Expenses  86,569 102,563 121,957 105,043 129,941 174,099 203,068
Material Cost % 92.61% 93.82% 93.02% 90.57% 91.51% 92.80% 92.95%
Manufacturing Cost % 0.78% 0.74% 0.78% 1.49% 1.42% 0.90% 1%
Employee Cost % 0.82% 0.83% 0.91% 1.50% 1.48% 0.89% 1.22%
Other Cost % 3.06% 2.92% 3.05% 4.03% 2.80% 3.04% 3.05%
Operating Profit 2,427 1,750 2,795 2,594 3,731 4,237 3,655
OPM % 3% 2% 2% 2% 3% 2% 2%
Other Income 667 976 981 1,599 906 919 1,216
Interest 423 766 2,083 904 892 2,224 1,413
Depreciation 704 851 981 1,164 1,407 1,713 1,984
Profit before tax 1,967 1,109 712 2,125 2,338 1,219 1,475
Tax % 20% -2% 19% 39% 34% 25% 39%
Net Profit 1,571 1,135 575 1,301 1,539 911 905
EPS in Rs 9.65 7.32 3.57 8.08 9.58 5.67 5.61
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 TTM
223,352 206,626 177,701 187,091 219,333 253,458
8.04% -7.49% -14% 5.28% 17.23% %
218,110 201,493 169,706 176,447 208,555 242,037
92.47% 91.56% 88.10% 87.21% 88.54% %
0.96% 1.66% 1.50% 4.26% 4.05% %
0.91% 1.17% 1.31% 1.57% 1.30% %
3.32% 3.13% 4.59% 1.27% 1.19% %
5,242 5,133 7,995 10,644 10,778 11,421
2% 2% 4% 6% 5% 5%
912 1,706 1,089 1,448 1,743 1,509
1,336 707 654 536 567 659
2,202 1,979 2,653 2,535 2,753 2,850
2,616 4,154 5,777 9,021 9,202 9,421
34% 34% 36% 31% 31%
1,734 2,733 3,726 6,209 6,357 6,509
10.77 16.8 24.41 40.75 41.71
BALANCE SHEET

Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13

Share Capital  339 339 339 339 339 339 339
Equity Capital 338.95 339.01 339.01 339.01 339.01 339.01 339.01
Reserves 9,260 10,224 10,392 11,219 12,207 12,784 13,387
Borrowings 10,518 16,787 22,756 21,302 25,021 29,831 33,788
Other Liabilities  11,666 14,228 13,640 18,813 23,690 28,871 29,345
Trade Payables 4376.41 6897.49 5645.41 7393.13 9029.4 12566.97 11071.98
Total Liabilities 31,782 41,578 47,127 51,673 61,257 71,825 76,860
Fixed Assets  8,821 11,929 11,655 15,307 18,645 20,850 22,549
Gross Block 15638.48 19570.05 20208.83 24988.37 29648.39 33459 37006.21
Accumulated Depreciation 6817.64 7640.77 8554.08 9681.7 11003.86 12609.35 14457.51
CWIP 4,244 3,316 5,001 3,888 3,696 4,444 5,173
Investments 7,127 6,837 14,196 11,387 11,335 10,370 10,627
Other Assets  11,590 19,495 16,274 21,092 27,581 36,160 38,512
Inventories 8098.4 12020.28 8793.03 12579.22 16622.28 19454.53 16438.7
Trade receivables 1577.78 1710.66 2240.91 2437.34 3076.86 3565.16 4935.04
Cash Equivalents 86.79 294.01 608.64 243.17 79.02 226.38 147.13
Loans n Advances 1826.96 5470.44 4631.77 5831.86 6300.31 11347.64 14964.26
Total Assets 31,782 41,578 47,127 51,673 61,257 71,825 76,860
 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18
339 339 339 1,016 1,524 1,524
339.01 339.01 339.01 1016.27 1524.21 1523.82
14,673 15,683 17,631 19,331 22,424 24,775
32,166 20,335 21,167 21,250 20,991 16,307
31,544 31,813 31,486 37,741 42,487 54,046
10886.43 8935.65 9416.93 12664.56 15703.87 21702.45
78,722 68,170 70,623 79,338 87,426 96,652
25,912 29,063 33,108 36,132 37,972 39,002
42466.76 48174.92 35735.29 41164.65 45691.07
16554.52 19112.11 2627.72 5032.77 7719.36
4,586 3,474 1,853 1,810 3,985 5,743
10,860 11,246 10,579 10,919 11,105 11,602
37,365 24,386 25,084 30,477 34,364 40,306
18768.31 12972.26 13211.4 18585.77 18429.71 24727.18
5465.95 3603.05 3758.03 4064.21 5572.91 5807.11
34.71 17.07 23.76 33.67 1194.11 308.63
11373.82 6247.7 6544.58 5998.45 7296.76 658.89
78,722 68,170 70,623 79,338 87,426 96,652
Cash Flows

Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12

Cash from Operating Activity  3,788 -1,730 5,841 3,281 1,001 2,226
Profit from operations 2976.7 -959.8 1028.09 4328.91 4154.14 5042.39
Working Capital Changes 893.55 -650.37 4846.14 -652.95 -2588.21 -2544.63
Taxes paid -82.74 -119.76 -33.47 -394.56 -564.5 -271.5
Cash from Investing Activity  -6,804 -2,859 -8,596 -1,154 -3,382 -2,864
Fixed Assets Purchased -3851.02 -3163.83 -1927.45 -3617.98 -4610.07 -4135.86
Fixed Assets Sold 10.47 20.54 51.22 7.98 99.8 35.76
Investments purchased -5101.05 -4520.03 -16306.2 -3461.4 -708.8 -412.27
Investments sold 1930.7 4334.9 9275.49 5213.52 1250.86 1031.34
Cash from Financing Activity  2,992 4,828 3,275 -2,310 1,674 1,060
Proceeds from Shares 0.48 2.12 0 0 0 0
Proceeds from Borrowings 3836.4 6097.72 5667.52 538 3040.8 3691.66
Repayment of Borrowings 0 0 -65 -1516.05 0 0
Interest Paid -497.41 -788.39 -2208.5 -1122.39 -893.25 -2080.46
Dividends Paid -347.9 -490.58 -119.37 -209.26 -473.14 -550.93
Net Cash Flow -25 239 519 -183 -706 423
 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18
896 8,808 17,841 6,783 9,983 11,018
4096.62 7069.04 6154.69 9436.99 11549.27 12033.55
-3093.9 2081.47 12448.55 -1439.72 612.03 981.69
-107.17 -342.95 -762.15 -1214.22 -2178.57 -1997
-3,371 -3,779 -3,291 -4,354 -5,310 -7,391
-3680.71 -4162.65 -4176.23 -4710.03 -5889.01 -6702.47
13.9 28.47 109.81 15.85 37.18 12.41
-924.24 -65.84 -14.75 -280.04 -42.12 -1642.29
672.47 0 321.04 352.42 136.84 1375.26
1,409 -5,681 -14,568 -3,719 -4,015 -4,324
0 0 0 0 0 0
3707.16 6309.85 4478.58 5330.06 7661.61 6437.92
0 -10513.4 -17668.6 -6637.8 -6980.04 -7513.03
-1964.15 -1140.51 -764.69 -674.93 -521.87 -458.46
-334.43 -336.67 -613.58 -1749.18 -4177.14 -2791.9
-1,066 -653 -18 -1,290 658 -697
RATIOS

Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14

ROCE % 14% 9% 9% 9% 10% 9% 6% 9%
Debtor Days 6 6 7 8 8 7 9 9
Inventory Turnover 11.19 10.37 11.99 10.07 9.16 9.89 11.52 12.69
Dividend Payout % 39% 9% 31% 31% 31% 32% 32% 30%
Mar-15 Mar-16 Mar-17 Mar-18
12% 17% 24% 23%
6 8 8 9
13.02 13.57 11.77 11.85
30% 31% 49% 41%