Confidence Petroleum India Limited (CONFIPET) AI Stock Analysis

• Market Cap: ₹12.03B
• Dividend Yield: 0.27%
• Average Volume (3M): 104.65K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 0.64
• Revenue Growth: 37.24%
• EPS Growth: 24.89%
• Country: IN
• Employees: 917
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.63
• Shares Outstanding: 332,241,030
• 10 Day Avg. Volume: 126,488
• 30 Day Avg. Volume: 104,648
• PEG Ratio: -0.77
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.53
• P/FCF Ratio: -6.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹40.00 ▲(7.32% Upside)
• Action: Upgraded Date: 03/19/26
• Date: Action: Upgraded 03/19/26

The score is driven primarily by solid top-line growth but meaningfully offset by declining margins and weak operating/free cash flow generation. Technicals are moderately supportive with price above short- and mid-term averages and positive momentum, while valuation looks reasonable on P/E but offers limited dividend support.

Positive Factors

Strong revenue growth

Sustained double-digit revenue growth signals expanding customer adoption and market penetration in LPG and related products. Over 2–6 months this scale supports bargaining power with suppliers, funds reinvestment in bottling capacity and underpins long-term top-line resilience if margins are stabilized.

Moderate leverage / stable balance sheet

A debt-to-equity around 0.58 denotes a balanced capital structure that preserves financial flexibility. This level of leverage supports investment in infrastructure while limiting solvency risk, giving the company capacity to fund operations or capex without excessive refinancing pressure over the medium term.

Core LPG business and product diversification

Operating across bottling, distribution and cylinder manufacturing creates multiple, related revenue streams tied to essential household and industrial fuel demand. This structural positioning reduces single-point sales risk, supports recurring volumes, and raises barriers to entry through required infrastructure.

Negative Factors

Declining profitability margins

Material margin compression signals either rising input or operating costs or pricing pressure in core markets. Persistently lower EBIT and net margins reduce retained earnings available for capex, dividend policy or deleveraging and weaken the firm's ability to absorb future cost shocks over the medium term.

Weak operating and free cash flow

Poor cash conversion of reported profits suggests working capital strain or non-cash earnings, limiting free cash for capex, debt service and shareholder returns. If OCF and FCF remain weak, the company will face recurring trade-offs between investment, debt reduction and shareholder distribution.

Falling return on equity

A declining ROE shows reduced efficiency in turning equity into profit, signaling either margin, asset turnover or leverage shortcomings. Over months this trend can pressure investor confidence and restrict the company's ability to attract equity funding for expansion without improving operational returns.

Confidence Petroleum India Limited Business Overview & Revenue Model

Company Description

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It operates through two segments, Cylinder Division and LPG Division. The company offers CNG and packed cylinders. It also provides LPG bottling services, as well as operates auto LPG dispensing stations. The company serves commercial and industrial customers under the GoGas, and retail customer under the GoGas Elite brand names. Confidence Petroleum India Limited was founded in 1993 and is based in Nagpur, India.

How the Company Makes Money

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Confidence Petroleum India Limited Financial Statement Overview

Summary

Revenue grew strongly (+16.57% in 2025 vs 2024), but profitability weakened (net margin down to 2.74% from 3.76%; EBIT margin down to 4.75% from 7.38%). Balance sheet is stable with moderate leverage (debt-to-equity 0.58) but returns declined (ROE 6.49% from 8.58%). Cash flow is the main drag, with a significant decline in operating cash flow and low free cash flow, indicating weaker cash conversion.

Income Statement

The company demonstrates strong revenue growth with a 16.57% increase in 2025 compared to 2024. However, the net profit margin shows a decline from 3.76% in 2024 to 2.74% in 2025, indicating decreasing profitability. The gross profit margin remains relatively stable, but the EBIT margin has decreased from 7.38% in 2024 to 4.75% in 2025, suggesting challenges in operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.58 in 2025, indicating a balanced capital structure. The return on equity (ROE) has decreased from 8.58% in 2024 to 6.49% in 2025, reflecting reduced profitability. The equity ratio is stable, indicating strong asset backing by equity.

Cash Flow

The cash flow analysis shows a significant decline in operating cash flow in 2025 compared to previous years, impacting free cash flow which remains low. The free cash flow to net income ratio indicates challenges in converting profits into cash. The operating cash flow to net income ratio has also declined, suggesting inefficiencies in cash generation from operations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	37.17B	31.46B	26.98B	22.05B	14.28B	8.63B
Gross Profit	5.41B	4.46B	3.58B	2.58B	2.32B	1.51B
EBITDA	3.83B	3.70B	3.77B	2.21B	1.90B	1.22B
Net Income	939.80M	862.30M	1.01B	809.50M	878.40M	490.70M
Balance Sheet
Total Assets	26.49B	25.52B	22.02B	16.40B	10.50B	7.89B
Cash, Cash Equivalents and Short-Term Investments	3.56B	3.67B	1.21B	109.50M	103.70M	90.52M
Total Debt	8.30B	7.65B	6.38B	4.13B	967.80M	875.10M
Total Liabilities	11.50B	11.04B	9.35B	7.53B	2.77B	2.35B
Stockholders Equity	13.77B	13.28B	11.82B	8.07B	6.96B	5.44B
Cash Flow
Free Cash Flow	395.60M	-2.62B	-408.60M	-3.38B	-1.05B	-116.86M
Operating Cash Flow	861.00M	96.30M	2.04B	-1.25B	1.03B	975.30M
Investing Cash Flow	-1.40B	-1.35B	-3.89B	-2.04B	-1.69B	-1.42B
Financing Cash Flow	83.00M	1.52B	2.95B	3.30B	692.40M	415.10M

Confidence Petroleum India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CONFIPET, the sentiment is Positive. The current price of 37.27 is above the 20-day moving average (MA) of 32.11, above the 50-day MA of 32.67, and below the 200-day MA of 43.04, indicating a neutral trend. The MACD of 0.76 indicates Negative momentum. The RSI at 60.02 is Neutral, neither overbought nor oversold. The STOCH value of 72.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CONFIPET.

Confidence Petroleum India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASTROLIND	77 Outperform	₹185.36B	20.06	―	6.86%	6.83%	8.79%
CHENNPETRO	75 Outperform	₹158.56B	3.11	―	0.55%	-4.61%	63.26%
CONFIPET	70 Outperform	₹12.03B	14.42	―	0.27%	37.24%	24.89%
GANDHAR	67 Neutral	₹12.91B	11.66	―	0.34%	-1.05%	-11.57%
PANAMAPET	66 Neutral	₹15.96B	9.40	―	1.71%	10.19%	-4.18%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GULFPETRO	62 Neutral	₹1.43B	8.42	―	―	3.59%	10.55%

Confidence Petroleum India Limited Corporate Events

Confidence Petroleum Shareholders Approve New Independent Director at EGM

Confidence Petroleum India Limited has reported the results of its Extraordinary General Meeting held on 27 February 2026 via video conferencing, in compliance with SEBI’s listing and disclosure regulations. The meeting saw participation from promoters, institutional and non-institutional shareholders through e-voting, reflecting broad shareholder engagement.

Shareholders approved the appointment of Mrs. Nimisha Rohit Agrawal as a non-executive independent director, with the special resolution passing by the requisite majority across all shareholder categories. The strong voting support, particularly from the promoter group and institutions, reinforces the company’s governance framework and board independence, which is likely to be viewed positively by regulators and investors.

Confidence Petroleum Revamps Board at Extraordinary General Meeting

Confidence Petroleum India Limited held an Extraordinary General Meeting on February 27, 2026, via video conferencing and other audio-visual means, where shareholders considered key changes to the company’s board of directors. The meeting, which lasted 15 minutes, focused on strengthening governance and executive oversight through multiple new appointments.

Shareholders approved the appointment of Mrs. Nimisha Rohit Agrawal as a non-executive independent director, adding independent oversight to the board. They also appointed Mr. Prasad Manjarkhede as an executive director and Mrs. Ketki Mahendra Save as a non-executive, non-independent director, signaling a broad refresh of board composition that may influence the company’s strategic direction and operational decision-making.

Confidence Petroleum Files SEBI Dematerialisation Compliance Certificate for December Quarter

Confidence Petroleum India Limited has submitted to Indian stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, as provided by its registrar and transfer agent, Adroit Corporate Services. The filing confirms that all securities received for dematerialisation during the quarter were properly processed, listed in line with existing securities, and that physical certificates were mutilated, cancelled, and replaced in the company’s register of members within the stipulated 15-day period, underscoring ongoing adherence to regulatory requirements in securities handling and demat processes.