Chennai Petroleum Corporation Limited (IN:CHENNPETRO)
:CHENNPETRO
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Chennai Petroleum Corporation Limited
(CHENNPETRO)
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Rating:75Outperform
Price Target:
₹1,198.00
▲(47.22% Upside)
Action:UpgradedDate:03/18/26
Score is driven primarily by mixed financial performance (declining revenue and margins, but improved leverage and stronger operating cash flow), supported by an attractive valuation (very low P/E) and a positive technical setup with price above major moving averages and moderate momentum.
Positive Factors
Improved leverage and equity base
A materially lower debt-to-equity (0.38) and a strong equity base (₹82b, 48% equity ratio) increase financial resilience in a volatile refining cycle. This durable capital structure reduces refinancing risk, preserves investment optionality for maintenance or upgrades, and allows disciplined deleveraging or strategic spending during weaker margin periods.
Negative Factors
Declining revenue and compressed margins
A sustained top-line decline and collapse of net margin to 0.36% materially weaken the company's earnings power. Lower revenue and compressed margins reduce operating leverage, constrain reinvestment capacity, and may reflect structural demand, competitive pressure, or an adverse product mix, making recovery of profitability a multi-quarter challenge.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and equity base
A materially lower debt-to-equity (0.38) and a strong equity base (₹82b, 48% equity ratio) increase financial resilience in a volatile refining cycle. This durable capital structure reduces refinancing risk, preserves investment optionality for maintenance or upgrades, and allows disciplined deleveraging or strategic spending during weaker margin periods.
Read all positive factors
Chennai Petroleum Corporation Limited (CHENNPETRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹144.24B
Dividend Yield0.55%
Average Volume (3M)329.26K
Price to Earnings (P/E)3.1
Beta (1Y)1.25
Revenue Growth-4.61%
EPS Growth63.26%
CountryIN
Employees1,422
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)66.30
Shares Outstanding148,911,390
10 Day Avg. Volume118,606
30 Day Avg. Volume329,261
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)1.09
Price to Sales (P/S)0.15
P/FCF Ratio13.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)101
Revenue Forecast (FY)₹571.34B
Chennai Petroleum Corporation Limited Business Overview & Revenue Model
Company Description
Chennai Petroleum Corporation Limited produces and supplies petroleum products in India. The company's principal products include liquefied petroleum gas, motor spirit, superior kerosene oil, aviation turbine fuel, high speed diesel, naphtha, bitu...
How the Company Makes Money
CPCL primarily makes money by refining crude oil into higher-value petroleum products and selling those products in wholesale/industry channels and through marketing partners. Its core revenue model is the conversion of crude feedstock into a bask...
Chennai Petroleum Corporation Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 613.14B | 593.56B | 663.86B | 767.08B | 431.15B | 225.96B |
| Gross Profit | 37.11B | 25.09B | 60.16B | 78.96B | 42.56B | 32.22B |
| EBITDA | 23.57B | 10.90B | 45.44B | 62.22B | 28.35B | 20.57B |
| Net Income | 11.70B | 2.14B | 27.45B | 35.32B | 13.52B | 2.57B |
Balance Sheet | ||||||
| Total Assets | 165.58B | 170.65B | 183.31B | 160.36B | 175.96B | 142.25B |
| Cash, Cash Equivalents and Short-Term Investments | 1.99B | 3.75B | 942.50M | 86.40M | 417.10M | 16.90M |
| Total Debt | 19.33B | 31.17B | 27.86B | 42.60B | 92.38B | 91.67B |
| Total Liabilities | 77.32B | 88.58B | 95.10B | 95.61B | 144.94B | 126.14B |
| Stockholders Equity | 88.26B | 82.07B | 88.21B | 64.75B | 29.87B | 16.11B |
Cash Flow | ||||||
| Free Cash Flow | 11.29B | 6.67B | 20.92B | 53.31B | 3.26B | -1.17B |
| Operating Cash Flow | 13.93B | 13.52B | 26.94B | 57.49B | 10.26B | 4.52B |
| Investing Cash Flow | -2.17B | -6.49B | -5.89B | -4.03B | -6.76B | -5.48B |
| Financing Cash Flow | -13.60B | -5.19B | -21.06B | -53.54B | -3.43B | 968.00M |
Chennai Petroleum Corporation Limited Technical Analysis
Positive
813.75
Price Trends
928.34
Positive
922.22
Positive
824.22
Positive
Market Momentum
20.49
Positive
51.08
Neutral
45.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CHENNPETRO, the sentiment is Positive. The current price of 813.75 is below the 20-day moving average (MA) of 987.90, below the 50-day MA of 928.34, and below the 200-day MA of 824.22, indicating a neutral trend. The MACD of 20.49 indicates Positive momentum. The RSI at 51.08 is Neutral, neither overbought nor oversold. The STOCH value of 45.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CHENNPETRO.
Chennai Petroleum Corporation Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.20T | 5.71 | ― | 4.73% | -1.35% | 61.80% | |
75 Outperform | ₹144.24B | 3.11 | ― | 0.55% | -4.61% | 63.26% | |
71 Outperform | ₹314.42B | 4.59 | ― | 2.04% | -11.96% | 14.31% | |
69 Neutral | ₹382.58B | 12.25 | ― | 3.58% | -13.73% | -7.20% | |
68 Neutral | ₹1.90T | 4.41 | ― | 4.90% | -0.93% | 42.85% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | ₹705.16B | 6.62 | ― | 3.26% | -1.81% | 231.75% |
* Energy Sector Average
IN:CHENNPETRO
Chennai Petroleum Corporation Limited
968.65
362.57
59.82%
IN:BPCL
Bharat Petroleum Corporation Limited
277.40
9.25
3.45%
IN:HINDPETRO
Hindustan Petroleum Corporation Limited
331.40
-24.61
-6.91%
IN:IOC
Indian Oil Corp. Ltd.
134.50
11.63
9.47%
IN:MRPL
Mangalore Refinery & Petrochemicals Ltd.
179.40
46.99
35.49%
IN:PETRONET
Petronet Lng Limited
255.05
-20.03
-7.28%
Chennai Petroleum Corporation Limited Corporate Events
CPCL Sets Board Meet to Consider Interim Dividend, Closes Trading Window for Insiders
Mar 20, 2026
Chennai Petroleum Corporation Limited has scheduled a board meeting on 26 March 2026 to consider the declaration of an interim dividend for the financial year 2025-26, signaling potential near-term cash returns for shareholders. In line with SEBI&...
Chennai Petroleum’s Top-Tier Credit Ratings Reaffirmed by Crisil
Mar 18, 2026
Chennai Petroleum Corporation Limited has announced that Crisil Ratings has updated the bank-wise facility details for its various credit lines in line with Reserve Bank of India requirements, while affirming all existing ratings and limits. The c...
Chennai Petroleum Publishes Q3 and Nine-Month FY26 Audited Results in Leading Dailies
Jan 26, 2026
Chennai Petroleum Corporation Limited has informed the stock exchanges that it has published its audited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 in several leading national and regional ...
CPCL Posts Sharp Profit Surge on Higher Throughput and Strong Refining Margins in Q3 FY2025-26
Jan 24, 2026
CPCL reported strong operational and financial performance for the quarter and nine months ended 31 December 2025, driven by higher crude throughput and improved refining efficiencies. Crude throughput rose to 2.79 MMT in Q3 with capacity utilisat...
Chennai Petroleum Clears Q3 FY26 Results With Clean Audit and No Debt Defaults
Jan 24, 2026
Chennai Petroleum Corporation Limited’s Board of Directors has approved the audited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, following a recommendation from the Audit Committee. Th...
CPCL Receives SEBI Compliance Certificates on Dematerialisation Processes
Jan 10, 2026
Chennai Petroleum Corporation Limited has disclosed that it has received a compliance certificate from its Registrar and Transfer Agent, KFin Technologies Limited, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.