Arthneeti

Hindustan Petroleum Corporation Q2 FY27 Share Price & Earnings Call Analysis

₹340.55-0.51% today
Market cap
₹72,662 Cr
P/E
43.48
ROE
30.94%
PEG
0.67
Price to sales
0.17
Debt to equity
0.85
52W high / low
₹499 / ₹319
Sales growth (5Y)
13.63%
EBITDA margin
1.47%
Net profit margin
4.09%
Promoter holding
54.90%
Sales (last year)
₹4.72L Cr

Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.[1]

Guidance scorecard · Q2 FY27 call

What Hindustan Petroleum Corporation Ltd's management guided
and where it ranks in Petroleum Products

#10of 10 in
Petroleum Products
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • HPCL is bullish about future growth despite short-term challenges.
  • New initiatives like Navya Gas aim to significantly scale up cylinder volumes (targeting 50 lakh cylinders in 2-3 years).
  • Branded fuels efforts underway, expected to positively impact numbers in about 2 years.
  • Retail strategy (Abhyuday 2.0) shows 100-150 bps higher volume growth in pilot outlets, indicating potential for volume expansion.
  • Refinery optimization and ramp-up (HRRL, RUF, Vizag expansion) to improve product yield and margins, supporting revenue growth.
  • Digital tools like supply chain optimization will enhance efficiency and responsiveness.

2 more points from Hindustan Petroleum Corporation Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Hindustan Petroleum Corporation Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Current capex for FY 2027 is guided to be below INR 9,700 crores, possibly lower due to cash conservation efforts.
  • First quarter FY 2027 capex was about INR 1,700 crores, mainly on essential items like turnarounds and cylinder purchases.
  • Most major refinery capex has been completed; remaining projects are ongoing but manageable.
  • Discretionary and administrative expenditures can be postponed if necessary without starving critical spend.
  • HPCL is focused on tightly managing and prioritizing capex in the short term.

2 more points from Hindustan Petroleum Corporation Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Hindustan Petroleum Corporation Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • For detailed information on order book or pending orders, please refer to other sections or documents related to HPCL financials or investor presentations.
Full Q1 FY27 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 Hindustan Petroleum Corporation Ltd 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

Sign up free to see every company in the sector ranking and track Hindustan Petroleum Corporation Ltd.

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Financials of Hindustan Petroleum Corporation Ltd

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

Shareholder Pattern

Hindustan Petroleum Corporation Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%54.90%
FIIs +14.26%13.80%13.22%14.11%14.44%12.55%13.55%14.48%16.35%17.26%13.58%13.07%
DIIs +21.27%22.18%21.47%21.67%21.81%23.55%23.16%22.24%20.64%19.58%22.85%22.11%
Government +0.01%0.01%0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public +9.56%9.10%10.39%9.31%8.82%8.98%8.38%8.37%8.09%8.24%8.65%9.92%
No. of Shareholders3,48,8054,03,6585,43,3445,23,8825,08,4935,26,7544,95,6294,79,9054,62,6405,00,3435,18,5315,70,688

Financials of Hindustan Petroleum Corporation Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +95,752111,348114,678113,88899,957110,608109,633110,825100,856115,153114,937140,584134,407
Expenses +87,512109,187109,796111,80097,661105,113103,845103,36594,003108,155105,726156,707125,359
Operating Profit8,2402,1604,8822,0892,2965,4955,7887,4616,8526,9989,211-16,1229,048
OPM %9%1.9%4.3%1.8%2.3%5.0%5%7%7%6%8%-11%7%
Other Income +1,0407915949335264629305077157271,910648935
Interest5906207207339449317578178247341,0208181,259
Depreciation1,2471,3451,6321,4841,5301,5181,6231,6041,6121,6742,4571,8781,904
Profit before tax7,4439863,1248053483,5094,3385,5475,1315,3177,644-18,1706,820
Tax %22%28%13%21%59%28%21%26%25%25%21%-32%47%
Net Profit +5,8277132,7096341432,5443,4154,1113,8594,0116,065-12,2653,625
EPS in Rs27.383.3512.732.980.6711.9516.0519.3218.1418.8528.50-57.6417.04

Financials of Hindustan Petroleum Corporation Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +216,648177,910187,493219,510275,491269,092233,248349,913440,709433,857434,106441,771505,082
Expenses +211,916169,575176,607208,732263,963263,887217,194339,669447,901408,929417,658411,126495,947
Operating Profit4,7338,33510,88610,77811,5275,20416,05510,244-7,19224,92816,44830,6459,135
OPM %2.2%4.7%6%4.9%4.2%1.9%7%2.9%-1.6%6%3.8%7%1.8%
Other Income +1,8361,9703,6972,7852,3836792,7313,8973,9423,7252,0723,7364,221
Interest1,8417236096187861,1399639972,1742,5563,3653,3963,832
Depreciation2,4972,8462,7762,8343,0853,3703,6254,0004,5605,5966,1547,3477,912
Profit before tax2,2316,73511,19710,11010,0391,37414,1979,144-9,98420,5009,00023,6381,611
Tax %33%31%26%29%33%-92%25%20%-30%22%25%24%
Net Profit +1,4894,6758,2367,2186,6912,63910,6637,294-6,98016,0156,73618,0471,437
EPS in Rs6.5620.4536.0331.5829.2711.5448.8334.28-32.8075.2631.6684.816.75
Dividend Payout %55%25%37%36%36%56%31%27%0%28%33%29%

Financials of Hindustan Petroleum Corporation Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital3393391,0161,5241,5241,5241,4521,4191,4191,4192,1282,1282,128
Reserves13,58516,32520,05524,00828,87629,45636,62839,98530,84445,50249,01663,42850,560
Borrowings +36,91622,16022,13021,95228,19244,00143,70948,49870,67166,68470,55855,96473,872
Other Liabilities +34,90530,72937,12742,19748,76241,93552,43864,77458,45269,18873,06781,54487,255
Total Liabilities85,74569,55380,32989,681107,354116,918134,228154,676161,387182,794194,770203,064213,815
Fixed Assets +45,42534,08636,87638,69541,64248,95250,91258,12668,38779,76386,179100,430100,359
CWIP3,9501,9141,8674,0119,51917,17025,33628,90725,60720,07817,9678,0338,052
Investments6,1139,18511,77312,88214,29714,39615,09318,86723,68929,54027,04628,01232,051
Other Assets +30,25724,36829,81134,09441,89636,40042,88748,77543,70353,41363,57766,59073,352
Total Assets85,74569,55380,32989,681107,354116,918134,228154,676161,387182,794194,770203,064213,815

Financials of Hindustan Petroleum Corporation Ltd

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 +19,4106,65110,25411,0378,5545,46917,82915,810-3,46623,85214,23136,111
Cash from Investing Activity +-5,667-4,272-5,304-7,398-11,382-14,168-12,279-13,745-11,384-13,019-10,559-11,404
Cash from Financing Activity +-14,699-3,674-4,239-4,4232,5988,452-4,709-2,06616,025-16,155-4,139-22,770
Net Cash Flow-956-1,295712-784-230-247841-11,175-5,322-4671,936
Free Cash Flow13,0971,8274,4004,334-2,713-8,3256,2223,782-12,64613,9064,81427,999
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit427%94%114%121%92%138%131%168%46%97%84%131%

Financials of Hindustan Petroleum Corporation Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days78898511768106
Inventory Days293142353029534025323538
Days Payable232228302517303020262830
Cash Conversion Cycle131721151217331711141814
Working Capital Days-8-9-35-29-25-34-38-29-30-33-35-29
ROCE %7%17%29%24%20%5%19%12%-8%21%11%22%

Guidance history

How Hindustan Petroleum Corporation Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlannedNone planned—

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

17out of 100

Momentum score · price trend

17 out of 100 — Cooling

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

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−27.5%28%
Last 6 months−9.1%40%
Last 3 months−12.6%38%

The price is 31.8% below its all-time high of ₹499.05 (31 Dec 2025). Stocks more than 20% below their peak have their score halved, so 35 became 17.

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 Hindustan Petroleum Corporation Ltd: 0.4 × 28 + 0.4 × 40 + 0.2 × 38 = 35, halved to 17 because the price is more than 20% below its all-time high.

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 Hindustan Petroleum Corporation Ltd'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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