Hindustan Oil Exploration Company Ltd.
Snapshot View

174.95 +4.50 ▲2.6%

20 May 2022, 04:01:00 PM
Volume: 50,999

Overview View Details

Sector Crude Oil Compare with Sector peers
Industry Oil Exploration Compare with Industry peers
Website http://www.hoec.com
Market Cap 2,308.97 Cr.
Enterprise Value(EV) 2,514.82 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 5.17 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 33.82 Trailing Twelve Months Ending 2021-12
Industry PE 4.99 Trailing Twelve Months Ending 2021-12
Book Value / Share 58.98 Trailing Twelve Months Ending 2021-12
Price to Book Value 2.97 Calculated using Price: 174.95
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 13.22 Cr. 132,243,289 Shares
FaceValue 10
Company Profile

Hindustan Oil Exploration Company (HOEC) was incorporated in 1983 for taking up Exploration and Production (E&P) activities by Late H T Parekh. HOEC was the first private company in India to enter into field of oil and gas exploration. HOEC’s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.

HOEC is an Operator of 3 blocks in onshore Cambay basin, Gujarat currently under production of crude oil and gas since last several years. The three blocks are located at 1. Block CB-ON/7 - Palej Production Facilities [PPF] at village Makan, District Vadodara, Gujarat2. Block North Balol – Gas Collection Station [GCS] at village Palaj, District Mehsana, Gujarat3. Block Asjol – Early Production System [EPS] at village Katosan, District Mehsana, Gujarat

The company has participating interest in seven oil/gas fields in India (in Cambay basin, Cauvery basin and Assam Arakan basin), which are in varying stages of E & P life cycle i.e. exploration, development and production.

HOEC has been under professional management since inception consisting of eminent industrialists, professionals and technocrats like Late Shri B K Nehru, Late Dr  I  G  Patel, Shri Deepak Parekh and the current Chairman Shri R. Vasudevan.

In 2005, Burren Shakti Ltd (BSL) and Burren Energy India Ltd (BEIL), wholly owned subsidiary of Burren Energy plc (Burren), acquired 26% controlling stake in the Company from Unocal. Burren is a London based exploration and production company, having core producing assets in the Caspian state of Turkmenistan, the Republic of Congo and Egypt. In February 2008, Burren was acquired by ENI UK Holdings plc which is a subsidiary of ENI spa, Italy.

The Company has a 100% subsidiary, HOEC Bardahl India Ltd, engaged in marketing of high performance fuel / engine additives.HOEC Bardahl India Limited (HBIL) is the subsidiary of the company - HOEC and Bardahl Manufacturing Corporation Inc., USA, (Bardahl) engaged in the formulation, manufacturing and marketing of Bardahl range of high performance engine additives, conducted a joint marketing study on the sale of such additives in India. The results were quite encouraging, suggesting that this could be a viable project.HOEC and Bardahl have agreed to undertake the new project through HOEC Bardahl India Limited (formerly Hindage Oilfield Services Limited) a wholly owned subsidiary of HOEC.

Recent developments

HOEC has 38.07% non-operating participating interest in the Gulf ‘A’ discovery in the Block CB-OS-1development area has been informed by the Operator (ONGC), that the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas, Government of India has given its approval for  the development plan.

July 17, 2009: Hardy Exploration & Production (India) Inc., the Operator of the PY-3 field has informed the company that due to export hose damage at normor buoy, the production at PY-3 field has been shut down. Efforts are currently ongoing to restart the production. The company has 21% participating interest in the said field.

July 21, 2009: The Block name RJ-ONN-2005/1 and RJ-ONN-2005/2 acquired under NELP VII has been granted Petroleum Exploration License by the Government of Rajasthan.

Oct 16, 2009: The company commenced the production of natural gas from PY-1 field.

 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.64%
1 Week
+2.31%
1 Month
-7.36%
3 Month
-8.16%
6 Month
+0.52%
1 Year
+59.70%
2 Year
+337.92%
5 Year
+121.18%
10 Year
+70.77%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) -58.83 -20.64 -298.69 1.71 11.15 10.36 33.64 22.47 7.34
Return on Capital Employed (%) -34.84 -8.08 -136.58 3.53 12.38 10.66 33.70 22.43 6.60
Return on Assets (%) -26.65 -6.60 -108.82 1.01 7.10 7.02 24.31 15.49 4.67

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 663 536 281 305 341 383 540 680 733 761
Non Curr. Liab. 1,041 880 111 123 116 119 128 142 273 387
Curr. Liab. 311 318 116 63 67 41 66 214 179 280
Minority Int.
Equity & Liab. 2,015 1,734 507 491 525 544 734 1,036 1,185 1,428
Non Curr. Assets 1,819 1,633 282 248 290 342 489 769 958 1,130
Curr. Assets 195 101 225 243 235 202 245 267 227 298
Misc. Exp. not W/O
Total Assets 2,015 1,734 507 491 525 544 734 1,036 1,185 1,428

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 129 79 60 49 25 49 265 202 114 142
Other Income 27 18 7 9 19 12 11 22 11 11
Total Income 155 97 67 58 45 61 276 224 125 153
Total Expenditure -80 -116 -69 -40 -24 -18 -77 -77 -59 -73
PBIDT 75 -19 -2 17 21 43 199 146 66 81
Interest -11 -14 -15 -5 -1 -2 -6 -6 -6
Depreciation -88 -103 -39 -12 -10 -8 -44 -29 -23 -21
Taxation 42 12 -1 -1 -4 0 0 2 2
Exceptional Items -572 -1,163 5 29 4 3 26 14 14
PAT -553 -124 -1,220 5 36 38 155 137 52 69
Minority Interest
Share Associate 1 1 2 0
Other Related Items
Consolidated Net Profit -553 -124 -1,220 5 36 38 157 138 53 68
Adjusted EPS -42 -9 -93 0 3 3 12 10 4 5

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 64 76 20 12 94 98 -7 167 287 -77
Cash Fr. Inv. 11 -320 -40 2 -1 -32 -60 -148 -297 -208
Cash Fr. Finan. -86 242 -53 -24 34 206
Net Change -11 -2 -73 -10 93 67 -67 20 24 -79
Cash & Cash Eqvt 118 116 43 33 128 195 127 147 171 92

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Public 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 18 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and based on the intimations received from our RTA - Link Intime India Pvt. Ltd. we would like to inform that the Company has received information regarding loss of share certificates with request for issue of duplicate share certificates details of which are attached herewith.
Fri, 13 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and based on the intimations received from our RTA - Link Intime India Pvt. Ltd. we would like to inform that the Company has received information regarding loss of share certificates with request for issue of duplicate share certificates details of which are attached herewith.
Thu, 05 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and based on the intimations received from our RTA Link Intime India Pvt.Ltd. we would like to inform that the Company has received information regarding loss of share certificates with request for issue of duplicate share certificates details of which are attached herewith.

Technical Scans View Details

Fri, 20 May 2022
Opening at Low Opening at Low
Closing Above Previous High Closing Above Previous High
High Decrease 1 Month High Decrease 1 Month
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years

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