Company Profile : State Run Oil refinery and oil marketing company, come into existence after merger of four different companies at different time. The company comes into existence into 1952 with name of standard vacuum refining company of India. In 1962 the name was changed to Esso Standard refining Company of India. In 1974 Lube India undertaking was merged with the Esso and the company receives its current name. In 1976, Caltex oil refining company taken over by govt of India and merged with HPCL. 1979 kosan gas was merged with the company.
The company is leading oil marketing company selling LPG, Lubricant, Aviation Turbine Fuel and Fuel to retail consumers.
Share Holding Pattern
Financials and Ratio
|Dividend Pay out||30.80||31.58||31.81||30.27||30.35||30.24|
|Dividend per Share||14||8.50||8.50||15.50||24.50||34.50|
|Debt to Equity||1.88||2.09||2.36||2.13||1.06||0.79|
Future Prospects : As refinery and oil marketing company it is one of the leader in market. Though many analysts are expecting that increasing price of crude is bad for the company, but in India the price of fuels are largely connected to the market rate.
Financials also looks good.
Reader Rating: 0 Votes