Arthneeti

Chennai Petroleum Corporation Q2 FY27 Share Price & Earnings Call Analysis

₹1,511.50-0.02% today
Market cap
₹22,508 Cr
P/E
5.39
ROE
31.85%
PEG
-1.20
Price to sales
0.28
Debt to equity
0.18
52W high / low
₹1,626 / ₹783
Sales growth (5Y)
23.23%
EBITDA margin
8.15%
Net profit margin
4.87%
Promoter holding
67.29%
Sales (last year)
₹76,197 Cr

Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.[1]

Guidance scorecard · Q2 FY27 call

What C P C L's management guided
and where it ranks in Petroleum Products

#7of 10 in
Petroleum Products
Revenue10–20%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ4 FY26 call

10–20%
  • CPCL aims to sustain and improve operational performance, focusing on efficiency and capacity utilization (already operating above 110% capacity).
  • Plans low-cost debottlenecking projects to enhance throughput and margins, with studies ongoing to identify cost-effective expansions.
  • Launch of INR1,600 crore Group 2 and Group 3 Lube Oil Base Stocks (LOBS) project to add 250,000 KTPA of higher-value products, reducing imports and improving margins.
  • Expansion of niche value-added products like n-paraffin, pharma grade hexane (capacity doubled from 30 to 60), and MTO, contributing 7-8% of volumes but around 15% of margins.
  • Retail outlet expansion with INR400 crore capex, aiming to enhance marketing and sales network alongside refining.

2 more points from C P C L's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what C P C L said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Ongoing capital expenditure (capex) for FY26 was INR 856 crores, up from INR 673 crores in the previous year.
  • Normal maintenance capex of about INR 500 crores annually for ongoing efficiency, energy saving, and value-added product opportunities.
  • Exploration of low-cost debottlenecking to increase throughput beyond capacity with a study underway for potential additional capex beyond current plans.

2 more points from C P C L's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

None planned

See what C P C L said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Ask what C P C L said on the order book →

Full Q4 FY26 analysis
Full Petroleum Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Petroleum Products
on management's own guidance

  1. Arabian Petrol.Good growth
    2
  2. Continental Petroleums LtdGood growth
    1
  3. Gulf Oil Lubricants India LtdModerate growth
    3
See all potential multibaggersWhere does C P C L rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Petroleum Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Continental Petroleums Ltd20–40%Up 2%+₹70 Cr20.7
2Arabian Petrol.20–40%Up 0–2%₹114 Cr10.1
3Gulf Oil Lubricants India Ltd10–20%Up 0–2%₹5,402 Cr13.6
410–20%Flat₹16.39L Cr21.9
510–20%Flat₹1.84L Cr5.5
610–20%Flat₹30,270 Cr7.3

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Pro shows every company guiding 40%+ revenue growth →Full Petroleum Products ranking

Financials of C P C L

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

C P C L

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +67.29%67.29%67.29%67.29%67.29%67.29%67.29%67.29%67.29%67.29%67.29%67.29%
FIIs +14.70%15.86%15.77%16.17%11.08%10.58%8.78%8.80%12.87%12.59%14.98%15.79%
DIIs +1.24%0.75%0.79%0.30%1.81%2.24%2.48%2.60%1.02%2.11%1.01%1.18%
Public +16.78%16.11%16.14%16.25%19.83%19.89%21.44%21.31%18.82%18.00%16.71%15.76%
No. of Shareholders99,4961,06,6191,17,2041,42,0731,85,5052,06,7342,01,6681,77,6821,64,9691,54,3031,49,6201,57,141

Financials of C P C L

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +16,54517,37617,72017,09512,08612,92517,24914,81216,32715,68316,81727,36920,558
Expenses +14,74016,69616,67816,43212,76112,68316,46414,71415,18314,20514,78125,81417,356
Operating Profit1,8046801,042663-675242785991,1441,4782,0361,5553,201
OPM %11%3.9%6%3.9%-6%1.9%4.5%0.7%7%9%12%6%16%
Other Income +1081919191532262343433230
Interest65505148527966373433165262
Depreciation157151151150153153150151152157150155161
Profit before tax1,593486859484-86224602-649821,3311,9131,3803,007
Tax %25%25%27%26%-26%15%22%-37%27%25%26%25%25%
Net Profit +1,195365628357-63421470-407191,0021,4221,0312,247
EPS in Rs80.2824.5342.1723.98-42.551.4031.56-2.6948.3067.2695.4869.26150.90

Financials of C P C L

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +41,89925,71627,52232,37041,11336,97322,22243,06876,27166,02458,98363,14880,427
Expenses +42,01624,36725,64630,28840,59639,13020,21040,33670,57461,54857,94658,39072,157
Operating Profit-1171,3491,8772,082517-2,1572,0122,7325,6984,4761,0384,7578,270
OPM %-0.3%5%7%6%1.3%-6%9%6%7%7%1.8%8%10%
Other Income +25566252674512726134762135148
Interest405353274322421415376413331224245120164
Depreciation229274279340453468466504573606607610623
Profit before tax-7277781,3861,473-290-2,9951,2961,8414,8063,6942494,1627,632
Tax %-95%2%24%37%-29%-31%80%27%27%26%14%25%
Net Profit +-337621,051927-205-2,0562571,3523,5322,7452143,1035,702
EPS in Rs-2.2351.1470.5762.27-13.79-138.1017.2890.79237.16184.3414.38208.36382.90
Dividend Payout %0%8%30%30%0%0%0%2%11%30%35%30%

Financials of C P C L

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital149149149149149149149149149149149149149
Reserves1,5942,3203,2923,8483,3081,2101,4622,8386,3268,6728,05810,96013,444
Borrowings +5,3994,5675,5014,4916,6688,6989,1679,2384,2602,7863,1171,9642,202
Other Liabilities +3,9593,4302,6815,8514,0132,8183,4875,2985,3456,7685,7857,0115,246
Total Liabilities11,10110,46511,62314,33914,13812,87514,26517,52316,07918,37517,10920,08521,041
Fixed Assets +4,1024,1193,8835,9146,9777,0347,1426,9677,6377,5067,3257,1826,980
CWIP7841,6792,7631,4101,1991,5981,5501,210331210208346602
Investments14119140153159179199208206240280491556
Other Assets +6,2014,5474,8376,8635,8024,0645,3749,1397,90510,4199,29612,06612,903
Total Assets11,10110,46511,62314,33914,13812,87514,26517,52316,07918,37517,10920,08521,041

Financials of C P C L

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,0832,2926092,757-144-6204521,0265,7492,6941,3522,945
Cash from Investing Activity +-480-1,142-1,169-969-1,273-963-548-676-403-589-649-930
Cash from Financing Activity +-609-1,152561-1,7881,4171,58397-343-5,354-2,106-519-1,294
Net Cash Flow-6-10-00-017-7-1184721
Free Cash Flow5961,129-5821,766-1,452-1,607-1163265,3312,0926672,045
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-931%172%48%150%-21%27%23%38%119%81%130%82%

Financials of C P C L

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1611141831321311
Inventory Days355048604523877132484253
Days Payable293925562315363016262025
Cash Conversion Cycle22223722269544317242329
Working Capital Days-20-22-14-26-29-54-70-2259-210
ROCE %16%21%21%1%-26%16%20%45%35%4%35%

Guidance history

How C P C L's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%FlatPlannedNone planned—
Q4 FY25 call →10–20%FlatPlanned——
Q4 FY23 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

87out of 100

Momentum score · price trend

87 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+70.8%90%
Last 6 months+34.0%84%
Last 3 months+19.9%88%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For C P C L: 0.4 × 90 + 0.4 × 84 + 0.2 × 88 = 87.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What C P C L's management said in earlier quarters

Others in Petroleum Products this season

  • I O C L (Q2 FY27)

    Revenue from Operations (Quarter ended 30.09.2026, Consolidated):** ₹2,68,039.38 Crore, up from ₹2,06,447.11 Crore in Q3 2025 (YoY increase of ~29.9%). Key…

  • Gulf Oil Lubricants India Ltd (Q2 FY27)

    42,264.49 lakhs (approximately 44% increase) . Key results statement takeaways from Gulf Oil Lubricants India Ltd's Q2 FY27 results statement — and how it ranks

  • Kotyark Industries Ltd (Q2 FY27)

    1,240.77 Lakhs (about 22.62%). Key results statement takeaways from Kotyark Industries Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

  • Gandhar Oil Refinery (India) Ltd (Q2 FY27)

    Revenue from operations for Q2 FY27: ₹1,846.6 Cr, up 73% YoY from ₹1,068.1 Cr in Q2 FY26 (Page 22). Key investor presentation takeaways from Gandhar Oil Refiner

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