Is Chennai Petroleum Corporation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Chennai Petroleum Corporation Ltd is a average quality company .

Is Chennai Petroleum Corporation undervalued or overvalued?

The key valuation ratios of Chennai Petroleum Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Chennai Petroleum Corporation share price return in the past 10 years?

Chennai Petroleum Corporation Ltd share price has appreciated 19.8% annually (CAGR) over the past ten years.

Is Chennai Petroleum Corporation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Chennai Petroleum Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Chennai Petroleum Corporation?

The latest standalone P/E ratio of Chennai Petroleum Corporation as of 21-Nov-2024 is 12.57.

What is the P/B ratio of Chennai Petroleum Corporation?

The latest standalone P/B ratio of Chennai Petroleum Corporation as of 21-Nov-2024 is 1.15.

What is the 52-week high and low of Chennai Petroleum Corporation?

The 52-week high of Chennai Petroleum Corporation is Rs. 1274.00 and the 52-week low is Rs. 566.15.

Chennai Petroleum Corporation Ltd - Stock Valuation and Financial Performance

Name: Chennai Petroleum Corporation
Brand: Chennai Petroleum Corporation

BSE: 500110 | NSE: CHENNPETRO | Refineries | Small Cap

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Chennai Petrol. Corp Share Price

₹568.70 -9.85 -1.70%
as on 21-Nov'24 16:00

10 Year X-Ray of Chennai Petrol. Corp:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-4.7%	15.9%	20.9%	20.8%	1.4%	-26.3%	16.2%	19.9%	45.6%	35.5%	-
Value Creation Index ⓘ	-1.3	0.1	0.6	0.5	-0.9	-2.9	0.2	0.4	2.3	1.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	41,866	25,846	27,520	32,527	41,338	37,173	22,445	43,375	76,735	66,385	76,063
Sales YoY Gr.	-	-38.3%	6.5%	18.2%	27.1%	-10.1%	-39.6%	93.3%	76.9%	-13.5%	-
Adj EPS ⓘ	4.3	58	68.9	63.5	-2.9	-128.3	11.9	94.8	261.9	185.5	46
YoY Gr.	-	1251.8%	18.7%	-7.7%	-104.6%	NA	NA	697.2%	176.3%	-29.2%	-
BVPS (₹) ⓘ	111.1	157.3	221.4	257.7	220.6	78.2	93.8	187.4	421.8	577.1	502.3
Adj Net Profit ⓘ	63.9	864	1,025	946	-43.4	-1,910	177	1,411	3,900	2,762	685
Cash Flow from Ops. ⓘ	1,078	2,292	609	2,757	-145	-621	452	1,026	5,749	2,694	-
Debt/CF from Ops. ⓘ	5	2	9	1.6	-46	-14	20.2	9	0.7	1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.3%	9.9%	43.5%	-13.5%
Adj EPS ⓘ	52%	NA	149.9%	-29.2%
BVPSⓘ	20.1%	21.2%	83.2%	36.8%
Share Price	19.8%	33%	71.3%	-7.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.8	43	36.1	26.4	-1.2	-84.9	13.5	67	86	37.1	8.5
Op. Profit Mgn % ⓘ	0	5.9	6.8	6.5	1.8	-5.2	9	6.5	8.1	6.9	2.3
Net Profit Mgn % ⓘ	0.2	3.3	3.7	2.9	-0.1	-5.1	0.8	3.3	5.1	4.2	0.9
Debt to Equity ⓘ	3.3	2	1.7	1.2	2	7.5	6.6	3.3	0.7	0.3	0
Working Cap Days ⓘ	58	55	43	52	48	38	42	44	34	44	23
Cash Conv. Cycle ⓘ	18	7	8	8	10	10	2	15	12	12	1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 43.54%

Net Profit is growing at healthy rate in last 3 years 149.86%

Debt to equity has declined versus last 3 years average to 0.32

Return on Equity has declined versus last 3 years average to 8.50%

Sales growth is not so good in last 4 quarters at -2.68%

Latest Financials - Chennai Petroleum Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	46	48.1
TTM Sales (₹ Cr.)	76,063	76,063
BVPS (₹.) ⓘ	502.3	518.3
Reserves (₹ Cr.) ⓘ	7,331	7,569
P/BV ⓘ	1.15	1.12
PE ⓘ	12.57	12.02

From the Market
52 Week Low / High (₹)	566.15 / 1274.00
All Time Low / High (₹)	17.60 / 1274.00
Market Cap (₹ Cr.)	8,615
Equity (₹ Cr.)	148.9
Face Value (₹)	10
Industry PE ⓘ	29.5

Management X-Ray of Chennai Petrol. Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Chennai Petrol. Corp

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Chennai Petrol. Corp

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	41,866	25,846	27,520	32,527	41,338	37,173	22,445	43,375	76,735	66,385
Operating Expenses ⓘ	42,014	24,497	25,643	30,446	40,822	39,330	20,433	40,643	71,037	61,909
Manufacturing Costs	320	424	389	426	517	487	465	452	594	668
Material Costs	40,834	23,255	24,349	29,107	39,198	37,680	19,013	38,866	68,543	60,052
Employee Cost	338	357	513	582	461	508	565	548	556	547
Other Costs ⓘ	522	461	391	331	647	655	391	778	1,344	642
Operating Profit ⓘ	-148	1,349	1,877	2,082	517	-2,157	2,012	2,732	5,698	4,476
Operating Profit Margin (%)	-0.4%	5.2%	6.8%	6.4%	1.3%	-5.8%	9.0%	6.3%	7.4%	6.7%
Other Income ⓘ	37	36	40	39	59	24	107	17	15	13
Interest ⓘ	405	353	274	322	421	415	376	413	331	224
Depreciation ⓘ	226	274	279	340	453	468	466	504	573	606
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-742	759	1,365	1,458	-298	-3,016	1,277	1,832	4,809	3,660
Tax ⓘ	-703	17	335	545	-85	-938	1,039	489	1,275	949
Profit After Tax	-39	742	1,030	913	-213	-2,078	238	1,342	3,534	2,711
PAT Margin (%)	-0.1%	2.9%	3.7%	2.8%	-0.5%	-5.6%	1.1%	3.1%	4.6%	4.1%
Adjusted EPS (₹)	-2.6	49.8	69.2	61.3	-14.3	-139.0	16.0	90.2	237.3	182.1
Dividend Payout Ratio (%)	0%	8%	30%	30%	0%	0%	0%	2%	11%	30%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,655	2,361	3,314	3,856	3,310	1,192	1,425	2,790	6,281	8,593
Share Capital ⓘ	149	149	149	149	149	149	149	149	149	149
Reserves ⓘ	1,506	2,212	3,165	3,707	3,161	1,043	1,276	2,641	6,132	8,444
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	4,399	4,564	5,498	2,889	6,317	8,673	8,655	7,729	4,087	1,838
Long Term Debt	1,000	2,003	2,324	826	1,444	2,940	3,005	2,392	2,159	1,335
Short Term Debt	3,399	2,560	3,173	2,063	4,874	5,733	5,651	5,338	1,927	503
Trade Payables	3,234	2,469	1,652	4,444	2,441	1,555	1,882	3,240	3,007	4,283
Others Liabilities ⓘ	1,666	955	1,344	3,631	2,542	970	2,731	3,865	3,563	5,387
Total Liabilities ⓘ	10,955	10,349	11,808	14,820	14,610	12,390	14,693	17,625	16,938	20,101
Fixed Assets
Gross Block	8,225	4,386	4,463	6,857	8,369	8,913	9,463	9,690	10,874	11,340
Accumulated Depreciation	4,148	266	538	877	1,326	1,760	2,198	2,624	3,143	3,742
Net Fixed Assetsⓘ	4,077	4,119	3,926	5,980	7,043	7,153	7,265	7,066	7,730	7,598
CWIP ⓘ	782	1,679	2,763	1,410	1,199	1,598	1,550	1,210	331	210
Investmentsⓘ	25	12	12	12	12	12	12	12	12	12
Inventories	3,805	3,175	3,207	4,749	4,847	2,361	4,509	7,533	5,974	7,831
Trade Receivables	1,828	762	1,040	1,569	327	124	200	252	299	462
Cash Equivalents	40	39	17	9	10	4	5	12	9	94
Others Assetsⓘ	397	563	844	1,092	1,171	1,139	1,152	1,540	2,583	3,894
Total Assets ⓘ	10,955	10,349	11,808	14,820	14,610	12,390	14,693	17,625	16,938	20,101

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1,078	2,292	609	2,757	-145	-621	452	1,026	5,749	2,694
PBT ⓘ	-742	759	1,365	1,458	-298	-3,016	1,277	1,832	4,809	3,660
Adjustment ⓘ	629	608	605	626	843	893	860	936	1,094	835
Changes in Working Capital ⓘ	1191	948	-1072	1048	-656	1547	-1682	-1722	854	-882
Tax Paid ⓘ	0	-22	-289	-376	-34	-45	-2	-20	-1,007	-918
Cash Flow From Investing Activity ⓘ	-477	-1,142	-1,169	-969	-1,273	-963	-548	-676	-403	-589
Capex	-484	-1,163	-1,191	-991	-1,308	-987	-568	-700	-418	-602
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	7	22	22	21	35	24	20	24	15	13
Cash Flow From Financing Activityⓘ	-608	-1,152	561	-1,788	1,418	1,584	97	-343	-5,354	-2,106
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-147	0	331	-3	-591	1,114	491	307	-1,478	-57
Interest Paid ⓘ	-406	-310	-312	-298	-469	-389	-312	-337	-435	-223
Dividend Paid ⓘ	0	0	-60	-313	-275	0	0	0	-30	-402
Others ⓘ	-55	-842	601	-1,174	2,753	859	-82	-313	-3,410	-1,424
Net Cash Flow ⓘ	-6	-1	0	0	0	0	1	7	-7	-1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-2.31	37.11	36.52	25.59	-5.99	-93.37	18.55	64.12	77.91	36.46
ROCE (%)	-4.7	15.92	20.87	20.79	1.35	-26.25	16.2	19.9	45.62	35.52
Asset Turnover Ratio	3.85	3.28	3.67	3.32	3.55	3.62	3.1	3.75	5.27	4.29
PAT to CFO Conversion(x)	N/A	3.09	0.59	3.02	N/A	N/A	1.9	0.76	1.63	0.99
Working Capital Days
Receivable Days	15	14	8	11	7	2	1	1	1	2
Inventory Days	40	36	29	33	34	27	30	36	27	32
Payable Days	38	45	31	38	32	19	33	24	17	22

Chennai Petroleum Corporation Ltd Stock News

Chennai Petroleum Corporation Ltd FAQs

What is the share price of Chennai Petrol. Corp?

Company share prices are keep on changing according to the market conditions. The closing price of Chennai Petrol. Corp on 21-Nov-2024 16:00 is ₹568.7.

What is the market cap of Chennai Petrol. Corp?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Chennai Petrol. Corp stood at ₹8,615.3.

What is the P/E ratio of Chennai Petrol. Corp?

The latest P/E ratio of Chennai Petrol. Corp as of 21-Nov-2024 16:00 is 12.57.

What is the P/B ratio of Chennai Petrol. Corp?

The latest P/B ratio of Chennai Petrol. Corp as of 21-Nov-2024 16:00 is 1.15.

What is the 52-week high and low of Chennai Petrol. Corp?

The 52-week high of Chennai Petrol. Corp is ₹1,274 and the 52-week low is ₹566.1.

What is the TTM revenue of Chennai Petrol. Corp?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Chennai Petrol. Corp is ₹76,063 ( Cr.) .

About Chennai Petroleum Corporation Ltd

Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a share holding in the ratio 74%, 13% and 13% respectively.

In 1985, AMOCO disinvested its stake in favour of the GOI and the shareholding percentage of GOI and NIOC stood revised at 84.62% and 15.38% respectively. Later GOI disinvested 16.92% of the paid up capital in favour of Unit Trust of India, mutual funds, insurance companies and banks on 19th May 1992, thereby reducing its holding to 67.7%. The public issue of CPCL shares at a premium of Rs 70 (Rs 90 to FIIs) in 1994 was oversubscribed to an extent of 38 times and added a large shareholder base. As a part of the restructuring steps taken up by the Government of India, Indian Oil Corporation acquired equity from GOI in 2000-01.

Business area of the company

The company is in the business of refining crude oil to produce & supply various petroleum products.

Products

Fuel
Lube
Petrochemical Feed Stocks

Awards and recognitions

2013

CPCL was awarded the following prizes: Special prize for best reduction in steam leaks for the year 2013. 2nd prize for fumace/Boiler efficiency for the year 2012. Special prize for CBR for Insulation effectiveness of fumace for the year 2012 by Centre for High Technology (CHT)
The Golden Peacock award for Occupational Health and Safety for the year 2013 by Institute of Directors (10D).
Greentech safety award in silver category for Petroleum sector by Greentech Foundation.
CPCL has been selected for Safety Award under Group A (Chemical Industries) for the year 2011 for two categories-Scheme-I Highest Reduction in Weighted Frequency Rate Over Previous Years. Scheme-II Longest Accident free period in man hours in Group A by Government of Tamilnadu.

2014

Chennai Petroleum Corporation Limited's (CPCL) Cauvery Basin Refinery has been awarded the Green Award for Industries by the Tamil Nadu Pollution Control Board (TNPCB), for the unique measures adopted by the Company for the preservation of environment by Tamil Nadu Pollution Control Board (TNPCB).
Chennai Petroleum Corporation Limited% (CPCL), New Dining Hall in Refinery-Ill has received IGBC's (Indian Green Building Council) Silver Rating for having been constructed complying with Green Building Standards. With the Globe perceiving the concept of Energy conservation & its efficient utilization, CPCL's instigation towards the mission of energy conservation has secured it a place in this year's IGBC Ratings by IGBC's (Indian Green Building Council).
The Petrofed Innovator of the Year-Team' award for the year 2013 was bagged by Chennai Petroleum Corporation Limited (CPCL) jointly with Indian Oil Corporation Limited (IOCL). The award was presented for the innovation in the Indigenous development and commercial application technology for 'Co-processing of Non-edible Vegetable Oils in Petroleum Refineries' leading to better product quality. Demonstration of this technology was successfully carried out in CPCL's Plant-13 (Diesel Hydrotreater) and the end product was obtained with high quality as envisaged by Petrofed.
Chennai Petroleum Corporation (CPCL)'s Manali Refinery and Cauvery Basin Refinery have been selected for the 'Safety Star Award' and 'Safety Appreciation Award' for 2012' respectively by the National Safety Council, Tamilnadu Chapter in appreciation of the high level of safety measures exercised by the Company by National Safety Council, Tamilnadu.

2015

CPCL has been awarded with 'Governance Now PSU Award' for 'Green Initiatives' and 'Research Innovation' in the Miniratna category I Of CPSEs by Miniratna category I Of CPSE.
CPCL secured Raibhasha Shield by Town Official language Implementation committee by Town Official language Implementation committee.
SAFECON- Best Safety Practices Award for CBR was received from Directorate of Industrial Safety and Health and CII by Directorate of Industrial Safety and Health and CII.

2016

CPCL was awarded the 'Highest Tax payer Award 2015-16 by Central Excise Department. This honor was conferred on CPCL for being the top assessee in Chennai Zone, and in a larger way for its contribution towards revenue and industrial growth by Central Excise Department.
CPCL has been awarded the OGCF - 2016 Award for Furnace / Boiler Efficiency by Centre for HighTechnology by CHT - Centre for HighTechnology.
The Export Excellence Award for the year 2014 was awarded to CPCL under 'Top Exporter in Southern Region' in Gold category, for the active role played in the Exports made by CPCL by FIEO SR Export Award.
CPCL's Cauvery Basin Refinery (CBR) has been awarded the prestigious GREEN AWARD for the second consecutive year by TamilNadu Pollution Control Board (TNPCB) for the various environmental protection measures undertaken by CBR by TamilNadu Pollution Control Board.
CPCL has been awarded the Best Enterprise Award by WIPS, under the aegis of SCOPE for the year 2016 under Mini ratna category by Forum of women in Public sector.

2018

ISO Certificate for Integrated Management System - Certificates ISO 9001:2015 EMS14001:2015/BS OHSAS18001:2007(Quality,Environment and Occupational Health & safety) by Bureau Veritas.