Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 37591.53 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 72838.01 Crore, down -3.39 % from last quarter Total Income of Rs 75394.63 Crore and up 90.10 % from last year same quarter Total Income of Rs 38315.41 Crore. Company reported net profit after tax of Rs 1703.67 Crore in latest quarter.
Investment Rationale
The brokerage values HPCL on the SoTP basis with a 6.3x blended target Sep’23E EV/EBITDA for the standalone business (unchanged) and investments at a 30% holdco discount to FV. Key upside risks: favorable petroleum prices/margins/currency/ policy actions, and faster earnings contribution of new projects.
Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of June 30, 2021, while FIIs held 17.8 per cent, DIIs 16.3 per cent and public and others 11 per cent.
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