Scrip Watch

Hindustan Oil Exploration Co. Ltd

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

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

 

 

 

 

 

 

 

 

 

 

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]