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)
|
|
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
|
|
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:
- Long Term Debt to Equity – Nil
- ROE % – 2.7
- Market Cap/Sales – 14.63
Key Updates:
Hindustan Oil Exploration working on a turnaround plan
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 |
