1. Hindustan Oil Exploration
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Hindustan Oil Exploration Share Price

HINDOILEXP

₹241.68+₹4.89 (2.07%) TodayLast updated on 23 Jul, 2024 | 15:54 IST
₹220.44₹244.20
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Company overview

Financial performance

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Market cap

Market Cap Switch₹3,131 Crs

Open

₹238.99

Close

₹236.79

Circuit range

₹284.14 - ₹189.43

Day range

₹220.44 - ₹244.20

Year range

₹154.70 - ₹257.95

Volume

40,76,453

Avg. traded

₹237.39

Revenue (12m)

₹749 Crs

Hindustan Oil Exploration

Hindustan Oil Exploration Company Ltd (HOEC) is engaged in the exploration, development and production of crude oil and natural gas in India. Incorporated in 1983, it was the first private sector oil company to have commenced oil exploration activities in the country.

HOEC has more than three decades of experience operating multiple fields, both onshore and offshore in leading producing basins.

Currently, the company through its operations contributes 10,000 BoE (barrel of oil equivalent) of products every day to the nation, from 4 of the 7 producing basins in India.

HOEC got listed on BSE after it launched its initial public offering (IPO) in 1990.

The market capitalisation of Hindustan Oil Exploration Company Limited stood at over ₹2,300 crore, as of February 12, 2024. HOEC share price has more than doubled in the last three years.

HOEC business operations

HOEC has a portfolio of total 10 blocks with production and development as listed below:

1. North-Eastern Assets

a. Dirok: The Dirok gas field is located at the Assam-Arakan Basin. The block is currently being operated by HOEC, along with JV partners Oil India Ltd (OIL) and Indian Oil Corp. Ltd (IOCL) under a production sharing contract (PSC) signed with the Indian government in 1998.

This project is currently producing 35 mmscfd (million standard cubic feet per day) of natural gas, which represents more than 15% of Assam’s natural gas production, as well as about 800 barrels of condensate.

b. Kharsang: In the Kharsang field in Arunachal Pradesh, HOEC has a 30% participating interest – 25% directly and 5% by virtue of its holding half the equity of its subsidiary Geopetrol International, which has 10% stake in the Kharsang field.

c. Umatara: The Umatara field in Assam was awarded to HOEC under the Discovered Small Field (DSF) Bid Round 2019 for an area of 33.43 sqkm. It is jointly operated by IOCL (as lead operator) and HOEC. HOEC holds a participating interest of 10%.

d. Greater Dirok: The block was awarded under OALP (Open Acreage Licensing Policy) Bid Round 2019 located in Tinsukia district of Assam and HOEC has 100% participating interest.

2. Offshore Assets

a. B-80: The joint venture of HOEC (50%) and Adbhoot Estates (50%) won the B-80 block in the Arabian Sea during the DSF Round-I held by the Directorate General of Hydrocarbons. The B-80 block, with the initial data acquired and exploratory activities conducted by ONGC, proved to be a viable field for production for this joint venture and hence a Field Development Plan (FDP) was developed.

b. PY-1: This field is a unique, gas-bearing offshore fractured granitic basement reservoir in India covering an area of about 75 sqkm with 100% participating interest of HOEC. It is the only offshore platform in Cauvery Basin with 8 slots and four wells drilled.

3. Cambay Assets

a. Asjol: The Asjol petroleum mining license block lies 25 km south-west of Mehsana town in Gujarat covering an area of about 15 sqkm. HOEC has 50% participating interest and PSC extended till 1 February 2030.

b. North Balol: North Balol block is a gas field which is located 16 km west of Mehsana town, covering an area of about 27.3 sqkm.

c. Palej: The Palej block is located on the eastern flank of Broach depression in the Jambusar Broach tectonic block and is situated between Dabka and Gandhar fields to the north and north-west and Ankleshwar field.

HOEC also has three subsidiaries namely, Hindage Oilfield Services Ltd, Geopetrol International Inc. and GeoEnpro Petroleum Ltd.

Hindage Oilfield Services is in the business of oil field services. Geopetrol International Inc. is a company incorporated in the Republic of Panama. GPII is registered as a foreign company in India and operates through an Indian Project Office. GPII has a 25% participating interest in the Kharsang oil field in Arunachal Pradesh.

GeoEnpro Petroleum Ltd, a public unlisted company incorporated in India, is into exploration and development of oil and gas blocks and is the operator of the Kharsang Oilfield.

Financial highlights

  • The company’s consolidated revenue from operations increased to ₹558.91 crore in FY23 as against ₹155.73 crore in FY22.
  • Its profit after tax (PAT) for FY23 skyrocketed almost 10 times to ₹194.05 crore compared to ₹20 crore in FY22.
  • The company’s capital expenditure stood at ₹43.24 crore in FY23 as against ₹216.18 crore in FY22.
  • The company’s earnings per share (EPS) stood at ₹14.67 in FY23 compared to ₹1.51 in FY22.

Hindustan Oil Exploration Key indicators

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52 week high

₹257.95

52 week low

₹154.70

P/E ratio

13.84

P/B ratio

2.79

ROE

19.3%

ROCE

17.5%

Dividend yield

--

Debt/Equity ratio

0.31

EPS

12.38

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Investment checklist: (4/6)

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Safety factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

58.59%

Net profit margin

42.95%

ROE

19.3%

ROA

11.5%

ROCE

17.5%

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Hindustan Oil Exploration Shareholder returns

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1 day

-2.27%

1 week

+1.99%

1 month

+23.53%

3 months

+18.99%

1 year

+9.80%

3 years

+99.07%

5 years

+86.52%

Hindustan Oil Exploration Share Price history

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DayOpenCloseDay’s change
Mon, Jul 22 2024
₹239.97
₹236.79
-2.27%
Fri, Jul 19 2024
₹251.00
₹242.30
-2.21%
Thu, Jul 18 2024
₹243.01
₹247.77
+4.71%
Tue, Jul 16 2024
₹231.45
₹236.63
+2.37%
Mon, Jul 15 2024
₹234.55
₹231.15
-0.44%
Fri, Jul 12 2024
₹225.70
₹232.17
+3.39%
Thu, Jul 11 2024
₹212.00
₹224.56
+6.39%
Wed, Jul 10 2024
₹217.37
₹211.07
-2.64%

Shareholding info

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Promoters (0%)

Mutual Funds (0.13%)

Retail and other (97.68%)

Foreign institutions-FII (1.8%)

Other domestic institutions (0.39%)

Retail and other

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Frequently asked questions