Hindustan Petroleum Corporation Limited (IN:HINDPETRO)
:HINDPETRO
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Hindustan Petroleum Corporation Limited
(HINDPETRO)
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Rating:58Neutral
Price Target:
₹395.00
▲(6.48% Upside)
Action:ReiteratedDate:03/21/26
The score is mainly held back by weakening profitability and sharply lower free cash flow, alongside strongly bearish technical momentum (price below all major moving averages with very low RSI/Stoch). This is partially offset by an attractive valuation (low P/E) and a high dividend yield.
Positive Factors
Integrated downstream model
HPCL’s vertically integrated refining and nationwide marketing network creates durable scale advantages: control of feedstock processing, broad retail distribution and direct industrial channels support steady volume flows, operational synergies and resilient cash generation over medium term.
Negative Factors
Sharply lower free cash flow
A large drop in free cash flow materially reduces the company’s ability to fund growth, deleverage, or sustain payouts without external financing. Persistently lower FCF constrains capital allocation choices and raises risk if cash generation does not recover over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated downstream model
HPCL’s vertically integrated refining and nationwide marketing network creates durable scale advantages: control of feedstock processing, broad retail distribution and direct industrial channels support steady volume flows, operational synergies and resilient cash generation over medium term.
Read all positive factors
Hindustan Petroleum Corporation Limited (HINDPETRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹810.81B
Dividend Yield3.26%
Average Volume (3M)211.80K
Price to Earnings (P/E)6.6
Beta (1Y)1.50
Revenue Growth-0.61%
EPS Growth155.36%
CountryIN
Employees8,154
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)19.14
Shares Outstanding2,127,822,500
10 Day Avg. Volume297,141
30 Day Avg. Volume211,797
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)1.50
Price to Sales (P/S)0.18
P/FCF Ratio16.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹307.50Price Target Upside-17.10% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)39.05
Revenue Forecast (FY)₹4.58T
Hindustan Petroleum Corporation Limited Business Overview & Revenue Model
Company Description
Hindustan Petroleum Corporation Limited refines and markets petroleum products in India and internationally. The company operates through Downstream Petroleum and All Other segments. It offers petrol, diesel, kerosene, liquefied petroleum gas (LPG...
How the Company Makes Money
HPCL primarily makes money through two integrated downstream segments: (1) refining and (2) marketing/petroleum product sales. In refining, HPCL purchases crude oil and processes it at its refineries into higher-value refined products (e.g., petro...
Hindustan Petroleum Corporation Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.30T | 4.32T | 4.32T | 4.39T | 3.49T | 2.32T |
| Gross Profit | 436.36B | 348.72B | 424.73B | 101.24B | 247.95B | 300.78B |
| EBITDA | 260.12B | 164.87B | 251.77B | -51.98B | 109.05B | 160.55B |
| Net Income | 139.29B | 67.36B | 160.15B | -69.80B | 72.94B | 106.63B |
Balance Sheet | ||||||
| Total Assets | 1.94T | 1.95T | 1.83T | 1.61T | 1.55T | 1.34T |
| Cash, Cash Equivalents and Short-Term Investments | 41.96B | 34.19B | 54.63B | 56.87B | 56.05B | 58.98B |
| Total Debt | 630.95B | 705.58B | 666.84B | 706.71B | 484.98B | 437.09B |
| Total Liabilities | 1.37T | 1.44T | 1.36T | 1.29T | 1.13T | 960.79B |
| Stockholders Equity | 568.89B | 511.44B | 469.21B | 322.63B | 414.04B | 380.81B |
Cash Flow | ||||||
| Free Cash Flow | 149.94B | 46.48B | 137.81B | -129.13B | 34.65B | 61.63B |
| Operating Cash Flow | 190.93B | 142.28B | 238.52B | -34.66B | 158.10B | 178.29B |
| Investing Cash Flow | -57.42B | -105.57B | -130.19B | -113.84B | -137.45B | -122.79B |
| Financing Cash Flow | -72.01B | -41.38B | -161.55B | 160.25B | -20.66B | -47.09B |
Hindustan Petroleum Corporation Limited Technical Analysis
Negative
370.95
Price Trends
396.35
Negative
427.33
Negative
424.68
Negative
Market Momentum
-6.97
Negative
52.71
Neutral
95.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDPETRO, the sentiment is Negative. The current price of 370.95 is above the 20-day moving average (MA) of 344.73, below the 50-day MA of 396.35, and below the 200-day MA of 424.68, indicating a neutral trend. The MACD of -6.97 indicates Negative momentum. The RSI at 52.71 is Neutral, neither overbought nor oversold. The STOCH value of 95.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HINDPETRO.
Hindustan 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 | ₹1.36T | 5.71 | ― | 4.73% | 0.48% | 79.19% | |
76 Outperform | ₹148.51B | 4.89 | ― | 0.55% | 7.22% | 1349.42% | |
69 Neutral | ₹419.40B | 12.25 | ― | 3.58% | -11.61% | -0.15% | |
68 Neutral | ₹2.06T | 4.41 | ― | 4.90% | 1.30% | 240.73% | |
66 Neutral | ₹302.15B | 16.38 | ― | 2.04% | -6.35% | 3324.95% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | ₹810.81B | 6.62 | ― | 3.26% | -0.61% | 155.36% |
* Energy Sector Average
IN:HINDPETRO
Hindustan Petroleum Corporation Limited
379.65
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Hindustan Petroleum Corporation Limited Corporate Events
HPCL Wins Approval for Major Cost Revision of Rajasthan Refinery Project
Apr 17, 2026
Hindustan Petroleum Corporation Limited announced that India’s Ministry of Petroleum Natural Gas has approved a substantial revision in the capital cost of the HPCL Rajasthan Refinery Limited project, raising the estimate from Rs 43,129 cro...
Hindustan Petroleum Announces Exit of Two Independent Directors
Mar 28, 2026
Hindustan Petroleum Corporation Limited announced changes to its board, confirming that independent directors Bechan Lal and Sharda Singh Kharwar have completed their tenures and ceased to be directors effective March 28, 2026. The departure of th...
Hindustan Petroleum Announces Completion of Independent Director’s Tenure
Mar 15, 2026
Hindustan Petroleum Corporation Limited announced a change in its board, with Independent Director K S Narendiran ceasing to hold office upon completion of his tenure on March 14, 2026. The directorship ended effective March 15, 2026, marking a ro...
Hindustan Petroleum Announces Senior Management Change in Aviation Division
Mar 1, 2026
Hindustan Petroleum Corporation Limited has announced a change in its senior management, effective March 1, 2026, under regulatory disclosure norms. Rajesh Mehtani, who was serving as Executive Director (in-charge) for the aviation business, has s...
HPCL Announces Senior Management Change at Rajasthan Refinery Project
Feb 1, 2026
Hindustan Petroleum Corporation Limited has announced a change in its senior management team, effective February 1, 2026. The company reported that Shri Udit Nandi, who served as Head – Operations Commissioning at the Rajasthan Refinery Pro...
HPCL Denies Report on Talks to Procure Venezuelan Crude
Jan 29, 2026
HPCL has clarified to Indian stock exchanges that it has not entered into any negotiations or events related to the procurement of Venezuelan crude oil, contrary to a recent media report claiming the company was seeking such crude to boost heavy o...
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.