Hindustan Oil Exploration Co. Ltd

Hindustan Oil Exploration Co. Ltd
Exploration & Production
FV – Rs 10; 52wks H/L –57.8/26.2; TTQ – 1.65 Lacs; CMP – Rs 55 (As On September 16th 2016; 10.00);                                 

 Market Cap – Rs 717 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
130.51 289 – 49 7.93 22 0.61 90.2 167.31 2.5

16.29

 2.13

 

Standalone Financials and Valuations for Q1 FY17


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
130.51 289 6 9.27 22 0.71 77.5 167.31 2.5 16.29

2.13
  • Promoter holding has decreased gradually from 47.18 in December 15 to 22.42 in March 16 and further to 16.29 as current.

Valuation Parameters:

  1. Long Term Debt to Equity – Nil
  2. ROE % – 2.7
  3. Market Cap/Sales – 14.63

Key Updates:

Hindustan Oil Exploration working on a turnaround plan

http://www.livemint.com/Companies/GmhNMLwDnl73TTNN8Ye4eN/Hindustan-Oil-Exploration-Co-working-on-a-turnaround-plan.html

Debt Free Balance Sheet & Self-Funding for Assam Project.

Deliver from low risk onshore assets in Assam and Gujarat to double the current revenue by Q4 FY 2016- 17.

Overview:

  • Hindustan Oil Exploration Company Limited (HOEC) is engaged in oil and gas exploration.
  • The Company is engaged in offering hydrocarbons and other incidental services.
  • The Company’s products include crude oil and natural gas.
  • The Company has participating interest in around nine oil and gas fields in India, including Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin.
  • The Company operates block Asjol, North Balol field, block CB-ON-7 (Palej), Pramoda oil field and South Pramoda oil field on Cambay basin.
  • The Cauvery basin is located along the eastern margin of India. It includes an area of about 25,000 square kilometers on land and about 35,000 square kilometers in the offshore. It includes block CY-OS-90/1 (PY-3 field) and block PY-1. The Assam-Arakan basin include block AAP-ON-94/1, which covers the area between the Naga thrust and the Singyang thrust. It operates RJ-ONN-2005/1 and RJ-ONN-2005/2 in Rajasthan.

 

      Management:

  • Mr. Sunil Mathur – Chairman
  • Mr. P Elango  – MD
  • Mr. Ramasamy Jeevanandam – CFO

The Equity Capital is @ Rs 130.51 Crs consisting of 130493289 equity Shares of FV Rs 10 currently held 

None Of the Promoter’s Holding is pledged.

 

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 General Insurance Corporation Of India 1750537 1.34
2 Rohit Rajgopal Dhoot 3034107 2.33
3 Ashok Kumar Goel 18465078 14.15

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 130.51 130.51 130.51 130.51 130.51 130.51
Networth 289 281 536 663 1216 1182
Total Debt  –  – 702 817 524 525
Net Sales 49 67 81 137 188 353
Other Income 7 7 6 8 25 9
PAT 7.93 -1219.6 -123.73 -552.6 34.54 81.54
Book Value (Rs) 22 22 41 51 93 91
EPS (Rs) 0.61 -93.45 -9.48 -42.34 2.65 6.25