HINDUSTAN PETROLEUM CORP. LTD.

(HPCL)

REGD OFF:

Petroleum House, 17, Jamshedji Tata Road, Mumbai - 400 020

E-MAIL:

corphqo@hpcl.co.in

TELEPHONE: (022) 2286 3204

WEB SITE: www.hindustanpetroleum.com

FAX: (022) 2287 4552

SECTOR:

ENERGY SOURCES

TR AGENT:

Link Intime India, C13, Pannalal Silk Mills Cmpd., LBS Marg, Mumbai - 78

AUDITOR

V. Sankar Aiyar & Co.

GROUP: GOVERNMENT

CHM: S. Roy Choudhury (MD)

YEAR OF INC 1952

COMP SEC: Shrikant M. Bhosekar

BSE CODE 500104

FV (Rs) 10

YIELD (%) -

Price History | Interim Results | Profile | Financials | Share Holding | Capacity | Raw
Materials
Price History
Price
% ch
Mkt Cap
Vol
% ch week
% ch 12-month

Rs
%

264.0
-1.6

Rs m

89,398.3

'000
%
%

44.4
-6.1
-36.6

P/E
P/CF

EPS (31/03/2011)
Shares O/S
% ch 1-month
52 week H/L

X
X

Top
5.2
2.7

Rs

50.3

m
%
Rs

338.63
-9.5
416.5/258.3

(Price History as on 23/12/11)

Interim Results

Top
3
30/09/2011

No. of Months
Year Ending

3
31/03/2011

3
30/06/2011

Net Sales

Rs m

398,922

409,169

371,042

Other income

Rs m

1,911

1,397

2,231

Turnover

Rs m

400,833

410,566

373,273

Expenses

Rs m

376,917

434,853

399,739

Gross profit

Rs m

22,004

-25,673

-28,697

Depreciation

Rs m

4,015

3,886

4,150

Interest

Rs m

2,255

2,641

3,028

Profit before tax

Rs m

17,645

-30,803

-33,644

Tax

Rs m

6,282

Profit after tax

Rs m

11,363

-30,803

-33,645

Gross profit margin

5.5

-6.3

-7.7

Effective tax rate

35.6

0.0

0.0

Net profit margin

2.8

-7.5

-9.1

* Results Consolidated | Interim results exclude extraordinary / exceptional items | Historical

Quarterly Results
Profile
Hindustan Petroleum Corporation Limited (HPCL) is the third largest oil refining and
marketing company in India. Apart from the 14 MMTPA (million tonnes per annum)
of refining capacity, it has strong retail presence with over 9,127 retail outlets spread
across the country. Further, the company has nearly 29 m customers in the fast
growing LPG business. The company has stakes in HPCL-Mittal Energy (49%),
MRPL (17%), Bhagyanagar Gas (25%) and Aavantika Gas (25%).

Top

Financials

Top
No. of
Months
Year
Ending

12
* 31/03/2009

12
* 31/03/2010

High

Rs

306

425

Low

Rs

164

243

293

Sales per share

Rs

3,803.2

3,284.9

4,081.4

Earnings per share

Rs

22.3

43.5

50.2

Cash flow per share

Rs

53.7

80.4

94.4

Dividends per share

Rs

5.25

12.00

14.00

Dividend yield (eoy)

2.2

3.6

3.3

* Results Consolidated

12
* 31/03/2011

EQUITY SHARE DATA

Book value per share

555

Rs

328.3

361.8

390.2

339.33

339.33

339.33

Price / Sales ratio

0.1

0.1

0.1

Avg P/E ratio

10.5

7.7

8.4

P/CF ratio (eoy)

4.4

4.2

4.5

Price / Book Value ratio

0.7

0.9

1.1

Shares outstanding (eoy)

Bonus/Rights/Conversions

Dividend payout
Avg Mkt Cap

23.5

27.6

27.9

Rs m

79,743

113,336

143,876

No. of employees

`000

11

11

11

Total wages/salary

Rs m

11,627

16,428

20,646

Avg. sales/employee

Rs Th

114,715.1

98,722.7

123,126.5

Avg. wages/employee

Rs Th

1,033.5

1,455.0

1,835.5

Avg. net profit/employee

Rs Th

673.2

1,307.8

1,514.7

Net Sales

Rs m

1,290,545

1,114,678

1,384,927

Other income

Rs m

9,243

18,338

15,076

Total revenues

Rs m

1,299,788

1,133,016

1,400,003

Gross profit

Rs m

25,464

27,615

35,119

Depreciation

Rs m

10,661

12,505

14,980

Interest

Rs m

13,931

9,278

8,683

Profit before tax

Rs m

10,115

24,170

26,532

Minority Interest

Rs m

-1

16

Prior Period Items

Rs m

1,310

-539

-1,135

Extraordinary Inc (Exp)

Rs m

Tax

Rs m

3,851

8,866

8,376

Profit after tax

INCOME DATA

Rs m

7,573

14,766

17,037

Gross profit margin

2.0

2.5

2.5

Effective tax rate

38.1

36.7

31.6

Net profit margin

0.6

1.3

1.2

Current assets

Rs m

174,155

221,872

290,913

Current liabilities

Rs m

124,680

184,372

218,639

3.8

3.4

5.2

1.4

1.2

1.3

Days

26

43

46

BALANCE SHEET DATA

Net working cap to sales

Current ratio
Inventory Turnover

Debtors Turnover

Days

Net fixed assets

Rs m

191,169

251,600

322,655

Share capital

Rs m

3,390

3,390

3,390

"Free" reserves

Rs m

107,965

117,071

126,734

Net worth

Rs m

111,403

122,760

132,417

Long term debt

Rs m

205,757

125,187

195,643

Total assets

Rs m

493,598

569,644

694,743

Interest coverage

1.7

3.6

4.1

Debt to equity ratio

1.8

1.0

1.5

Sales to assets ratio

2.6

2.0

2.0

Return on assets

4.4

4.2

3.7

Return on equity

6.8

12.0

12.9

Return on capital

8.0

13.3

10.4

Exports to sales

4.7

5.7

4.0

Imports to sales

25.4

26.4

21.8

Exports (fob)

Rs m

60,213

63,823

55,228

Imports (cif)

Rs m

327,205

293,747

301,272

Fx inflow

Rs m

60,213

63,823

55,228

Fx outflow

Rs m

665,875

552,936

590,529

Net fx

Rs m

-605,662

-489,113

-535,301

Indian Promoters

51.1%

Foreign collaborators

0.0%

Indian inst/Mut Fund

29.1%

FIIs

9.3%

ADR/GDR

0.0%

Free float

10.5%

Shareholders

101,529

* Results Consolidated
Share Holding

Top

Capacity Data

Top

ITEM
Petroleum & lube products
Lubricating oil

INSTALLED PRODUCTION
MTPA

14.8

13.4

90.5

THTPA

319.8

297.8

93.1

Raw Materials Data

ITEM

UTIL. %

Top
Rs m

% To R.M.C.

% To SALES

Additives

2,053.1

0.5

0.1

Crude oil

403,232.4

96.4

27.2

12,878.7

3.1

0.9

Petroleum products