Hindustan Oil Exploration
NSE: HINDOILEXP · Oil Exploration & Production · sector
₹161.28NSE close 2026-10-26
Key numbers
Market cap₹2,133 cr
Price₹161.28
52w high / low₹201 / ₹118
P/E84.9xSector median 48.2x
P/B1.5xSector median 3.8x
Book value₹104.7
Dividend yield–Sector median 4.48%
ROE1.9%Sector median 11.4%
ROCE2.2%Sector median 10.4%
OPM23.8%Sector median 23.8%
Debt / equity0.04xSector median 0.22x
EV/EBITDA29.9xSector median 19.2x
Interest cover6.4x
Current ratio1.10x
Sales growth 3y-22.2%Sector median -1.1%
Profit growth 3y-31.4%Sector median -1.7%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Oil Exploration & Production (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹55 cr vs borrowings ₹50 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹364 cr → ₹50 cr).
- Operating profit covered interest 6.4x in the last 12 months.
- 18.24% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 131% of net profit in the last 12 months.
- Debtor days went from 153 (FY24) to 42 (FY26).
- No dividend in the last 5 financial years.
- Price ₹161.28 on 2026-10-26: -19.9% from the 52-week high, +37.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹240.50 · low ₹122.26
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95 | 147 | 43 | 79 | 315 | 75 | -206 | 114 |
| EBITDA | 29 | 72 | 1 | 62 | 20 | 24 | 24 | 3 |
| OPM % | 30.9% | 48.9% | 2.4% | 78.6% | 6.3% | 32.4% | -11.5% | 2.8% |
| Other income | 5 | 4 | 57 | 3 | 2 | 4 | 7 | 20 |
| Net profit | 11 | 43 | 51 | 44 | 3 | 8 | 8 | 6 |
| EPS (₹) | 0.82 | 3.28 | 3.87 | 3.32 | 0.21 | 0.63 | 0.59 | 0.47 |
| Revenue YoY | +232.3% | -48.6% | -574.5% | +45.2% | ||||
| Profit YoY | -73.8% | -80.9% | -84.8% | -85.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 156 | 559 | 749 | 421 | 263 | 299 |
| EBITDA | 45 | 292 | 332 | 162 | 130 | 71 |
| Net profit | 20 | 194 | 226 | 147 | 63 | 25 |
| EPS (₹) | 1.51 | 14.67 | 17.12 | 11.13 | 4.74 | 1.90 |
| Revenue growth | +258.9% | +34.0% | -43.8% | -37.5% | -17.8% | |
| Profit growth | +870.7% | +16.7% | -35.0% | -57.4% | -83.2% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -22.2% | +21.5% | -17.8% |
| Net profit | -31.4% | -0.7% | -83.2% |
| EPS | -31.4% | -0.7% | – |
| Share price | – | -11.8% (2y) | +1.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 947 | 1,174 | 1,321 | 1,385 |
| Borrowings | – | 364 | 174 | 121 | 50 |
| Cash & equivalents | – | 193 | 69 | 136 | 55 |
| Total assets | – | 1,850 | 1,951 | 1,962 | 2,171 |
| Fixed assets | – | 1,234 | 1,234 | 1,177 | 1,435 |
| Capital work in progress | – | 32 | 38 | 48 | 87 |
| Investments | – | 18 | 0 | 0 | 0 |
| Receivables | – | 117 | 314 | 121 | 30 |
| Inventory | – | 81 | 42 | 210 | 394 |
| Payables | – | 117 | 157 | 143 | 37 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 108 | 219 | 123 | 161 | 178 |
| Cash from investing | -280 | -77 | -39 | -83 | -93 |
| Cash from financing | 109 | -27 | -215 | -78 | -80 |
| Capex | 266 | 72 | 19 | 33 | 175 |
| Free cash flow | -158 | 148 | 104 | 128 | 3 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.5% | 19.3% | 11.1% | 4.5% |
| ROCE % | – | 17.3% | 20.1% | 11.1% | 4.9% |
| Debtor days | – | 76 | 153 | 105 | 42 |
| Inventory days | – | 53 | 482 | 182 | 546 |
| Payable days | – | 76 | 1,788 | 124 | 52 |
| Cash conversion cycle (days) | – | 53 | -1,153 | 163 | 536 |
| Working capital days | – | -51 | 67 | 242 | 70 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| FIIs | 1.95% |
| DIIs | 0.14% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 97.91% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public holders above 1% | % |
|---|---|
| Ashok Kumar Goel (In capacity of Trustee - Ashok Goel Trust) | 13.96% |
| LCI Estates LLP | 6.13% |
| Dhoot Industrial Finance Ltd | 4.69% |
| Poddar Pigments Limited | 3.78% |
| Vijai Shree Private Limited | 3.49% |
| Ramasamy Jeevanandam | 3.17% |
| Rohit Rajgopal Dhoot (In capacity of Trustee - Dhoot Rohit Kumar Family Trust I) | 2.29% |
| Sapna Pennam | 1.42% |
| Gks Holdings Private Limited | 1.26% |
| Leather Crafts India Private Limited | 1.23% |
87,657 shareholders. Pledged: 18.24% of promoter shares.
Peers in Oil Exploration & Production
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ONGC | ₹2,87,384 cr | 6.6x | 0.8x | 12.2% | 13.2% | 13.2% | -1.1% | 5.91% |
| OIL | ₹73,994 cr | 8.9x | 1.3x | 15.5% | 14.0% | 33.7% | -3.4% | 3.05% |
| VOGL | ₹5,453 cr | – | – | – | -64.3% | -27.9% | – | – |
| ANTELOPUS | ₹4,180 cr | 31.5x | 6.4x | 23.6% | 27.1% | 59.5% | +33.2% | – |
| PRABHA | ₹2,620 cr | 2,034.1x | 6.0x | 0.2% | 0.2% | -1.1% | – | – |
| HINDOILEXP | ₹2,133 cr | 84.9x | 1.5x | 1.9% | 2.2% | 23.8% | -22.2% | – |
| GNRL | ₹1,344 cr | 64.9x | 6.5x | 10.7% | 10.4% | 67.5% | +352.3% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-20 | Other | Annual General Meeting |
| 2022-09-20 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-08-16 | Other | Annual General Meeting |
| 2018-08-10 | Other | Annual General Meeting |
| 2017-09-15 | Other | Annual General Meeting |
| 2016-09-16 | Other | Annual General Meeting |
| 2015-09-15 | Other | Annual General Meeting |
| 2014-08-06 | Other | Annual General Meeting |
| 2013-08-07 | Other | Annual General Meeting |
| 2012-09-20 | Other | Annual General Meeting |
| 2011-09-22 | Other | Annual General Meeting |
| 2010-09-24 | Other | Annual General Meeting |
| 2010-08-23 | Dividend | Interim Dividend-Re.0.50 Per Share |
| 2009-08-05 | Other | Annual General Meeting |
| 2008-08-11 | Other | Agm/Div-Re.1 Per Share Bc Dates Revised |
| 2007-11-15 | Rights | Rights-Eq 2:3@ Prem Rs107 |
| 2007-08-10 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Exploration, development and production of oil and natural gas: Extraction of Crude petroleum and Natural gas
| Sector | Energy |
| Industry | Oil Exploration & Production |
| Sub-industry | Oil Exploration & Production |
| Symbol | HINDOILEXP |
| BSE code | 500186 |
| ISIN | INE345A01011 |
| Face value | ₹10.0 |
| Incorporated | 1983-09-22 |
| Website | www.hoec.com |
| Plants (India / abroad) | 11 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.