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Chennai Petroleum Corporation

CHENNPETRO NSE
₹1,566.90 +26.30 (+1.71%)
P/E
4.09
View as Markdown
MCP
Close 4 Nov 2026 ₹1,566.90 +591.05 +60.6% 1Y
Start ₹975.85

Key Fundamentals

SmallcapPetroleum ProductsEnergy

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
34.90%
Debt to Equity
0.16
EPS (TTM)
₹382.90
Book Value
₹912.83
Market Cap
—
P/E (TTM)
4.09
P/B
1.72
ROE
31.80%
Dividend Yield
1.62%
EBITDA
₹4,823 Cr
52W High
₹1,677.50
52W Low
₹765.50
Day Range
₹1,523.30 – ₹1,596.40
Volume
13,97,893

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

76 Strong

Data confidence 100/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
82
Strong
Cheap vs sector & own history 24% weight
Growth
80
Strong
Sales & profit trajectory 9% weight
Financial Health
65
Good
Solvency, leverage, coverage 9% weight
Momentum
87
Strong
Trend strength, vol-adjusted 12% weight
Ownership
80
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company has reduced debt.
  • Stock is providing a good dividend yield of 4.20%.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.4%
  • Company has been maintaining a healthy dividend payout of 31.5%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
59.06
Neutral
MACD (12,26,9)
29.67
Bullish
SMA (50)
1,455.60
Bullish
SMA (200)
1,161.10
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+9.40%
5Y+23.23%
3Y−6.10%
1Y+7.06%
TTM+31.17%

Net profit

Net profit growth by window
10Y+15.08%
5Y+64.58%
3Y−4.22%
1YTiny base
TTM+387.35%

Operating cash flow

Operating cash flow growth by window
10Y+2.54%
5Y+45.48%
3Y−19.99%
1Y+117.83%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.28 pp
5Y−1.52 pp
3Y+0.06 pp
1Y+5.77 pp
TTM+6.58 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹27,522 Cr
Mar 2018₹32,370 Cr
Mar 2019₹41,113 Cr
Mar 2020₹36,973 Cr
Mar 2021₹22,222 Cr
Mar 2022₹43,068 Cr
Mar 2023₹76,271 Cr
Mar 2024₹66,024 Cr
Mar 2025₹58,983 Cr
Mar 2026₹63,148 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,051 Cr
Mar 2018₹927 Cr
Mar 2019−₹205 Cr
Mar 2020−₹2,056 Cr
Mar 2021₹257 Cr
Mar 2022₹1,352 Cr
Mar 2023₹3,532 Cr
Mar 2024₹2,745 Cr
Mar 2025₹214 Cr
Mar 2026₹3,103 Cr

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹1,195.00 −16.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Chennai Petroleum Corporation Ltd trades at ₹1,540.6 as of 2026-11-03 with a market cap of ₹23,185.51 crore. The stock has a PE of 4.02x with ROE of 27.93% and a debt-to-equity ratio of 0.18, reflecting strong profitability and a deleveraged balance sheet, though the refining sector is inherently cyclical and recent 3-year compounded sales and profit growth have turned negative at -6% and -5% respectively.

Bull Case 8
  • TTM profit growth of 387% signals a sharp earnings recovery, with EPS at ₹382.9 on a trailing basis
  • PE ratio of 4.02x as of 2026-11-03 is extremely low, suggesting the stock is pricing in significant earnings risk or offering deep value relative to current earnings power
  • ROE of 27.93% is well above average, supported by a consistent 3-year ROE track record of 23% and a 5-year average of 33%
  • Debt-to-equity ratio of just 0.18 indicates a substantially deleveraged balance sheet, reducing financial risk in a cyclical business
  • Dividend yield of 1.62% at current price is backed by a healthy payout ratio of 31.5%, providing income to shareholders
  • Stock has delivered a 1-year CAGR of 91% and a 5-year CAGR of 62%, reflecting sustained re-rating over multiple time horizons
  • ROCE of 33.34% demonstrates efficient capital deployment across both equity and debt, unusual for a capital-intensive refinery
  • 5-year compounded sales growth of 23% and profit growth of 64% show the company has scaled meaningfully over a medium-term period
Bear Case 7
  • 3-year compounded sales growth is -6% and 3-year profit growth is -5%, indicating a recent period of top-line and bottom-line contraction before the TTM recovery
  • TTM profit growth of 387% is likely driven by a low base or one-off refining margin expansion, making current EPS of ₹382.9 potentially unsustainable
  • Petroleum refining is a structurally cyclical business where gross refining margins can swing dramatically with global crude and product spreads, threatening earnings durability
  • Market cap of ₹23,185.51 crore and a single-refinery concentration in Chennai expose the company to regional disruption risks and limit diversification
  • The stock has rallied 101% from its 52-week low of ₹765.5, and mean-reversion risk rises after such sharp moves in a commodity-linked business
  • Price-to-book of 1.69x, while not extreme, is elevated for a refining company whose earnings are at a cyclical peak as suggested by the 387% TTM profit jump
  • As a subsidiary of a larger oil major, capital allocation decisions including dividends, capex, and expansion may be influenced by parent company priorities rather than minority shareholder interests

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Recent news flow for Chennai Petroleum is entirely governance and administrative in nature, with a director retirement, auditor appointment, and a new independent director joining the board. There are no operational, financial, or sector-specific developments to signal a change in trajectory. Investors should watch for upcoming quarterly results and refinery throughput updates for more meaningful catalysts.

Neutral 3
  • Director Operations retires, interim named Oct 31

    P. Kannan retired as Director (Operations) on Oct 31, 2026 due to superannuation. S. G. Venkatesh has taken additional charge effective Nov 1, 2026.

  • Statutory auditors appointed for FY27 Oct 22

    M/S R G N Price & Co appointed as statutory auditors for FY27 effective Oct 22, 2026, by the C&AG. The firm has over 80 years of experience with offices across six Indian cities.

  • New independent director appointed Oct 7

    Ritesh Kumar Golchha appointed as Non-Executive Independent Director effective Oct 7, 2026, bringing 20 years of finance and audit experience.

Quarterly Results

₹ Cr
CHENNPETRO quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
16,545
17,376
17,720
17,095
12,086
12,925
17,249
14,812
16,327
15,683
16,817
27,369
20,558
Expenses
14,740
16,696
16,678
16,432
12,761
12,683
16,464
14,714
15,183
14,205
14,781
25,814
17,356
Operating Profit
1,804
680
1,042
663
−675
242
785
99
1,144
1,478
2,036
1,555
3,201
OPM %
11%
3.9%
6%
3.9%
−6%
1.9%
4.5%
0.7%
7%
9%
12%
6%
16%
Other Income
2.35
8
19
19
19
15
32
26
23
43
43
32
18.89
Interest
65
50
51
48
52
79
66
37
34
33
16
52
62
Depreciation
157
151
151
150
154
153
150
151
152
157
150
155
161
PBT
1,585
486
859
484
−862
24
602
−64
982
1,331
1,913
1,380
2,997
Tax %
25%
25%
27%
26%
−26%
15%
22%
−37%
27%
25%
26%
25%
25%
Net Profit
1,195
365
628
357
−634
21
470
−40
719
1,002
1,422
1,031
2,247
EPS (₹)
80.28
24.53
42.17
23.98
−42.55
1.4
31.56
−2.69
48.3
67.26
95.48
69.26
151

Profit & Loss

₹ Cr
CHENNPETRO profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
41,899
25,716
27,522
32,370
41,113
36,973
22,222
43,068
76,271
66,024
58,983
63,148
80,427
Expenses
42,016
24,367
25,646
30,288
40,596
39,130
20,210
40,336
70,574
61,548
57,946
58,390
72,157
Operating Profit
−117
1,349
1,877
2,082
517
−2,157
2,012
2,732
5,698
4,476
1,038
4,757
8,270
OPM %
−0.3%
5%
7%
6%
1.3%
−6%
9%
6%
7%
7%
1.8%
8%
10%
Other Income
25
56
62
52
67
45
127
26
13
47
62
135
148
Interest
405
353
274
322
421
415
376
413
331
224
245
120
164
Depreciation
229
274
279
340
453
468
466
504
573
606
607
610
623
PBT
−727
778
1,386
1,473
−290
−2,995
1,296
1,841
4,806
3,694
249
4,162
7,632
Tax %
−95%
2%
24%
37%
−29%
−31%
80%
27%
27%
26%
14%
25%
—
Net Profit
−33
762
1,051
927
−205
−2,056
257
1,352
3,532
2,745
214
3,103
5,702
EPS (₹)
−2.23
51.14
70.57
62.27
−13.79
−138
17.28
90.79
237
184
14.38
208
383
Div. Payout %
0%
8%
30%
30%
0%
0%
0%
2%
11%
30%
35%
30%
—

Balance Sheet

₹ Cr
CHENNPETRO balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
149
149
149
149
149
149
149
149
149
149
149
149
149
Reserves
1,594
2,320
3,292
3,848
3,308
1,210
1,462
2,838
6,326
8,672
8,058
10,960
13,444
Borrowings
5,399
4,567
5,501
4,491
6,668
8,698
9,167
9,238
4,260
2,786
3,117
1,964
2,202
Other Liabilities
3,959
3,430
2,681
5,851
4,013
2,818
3,487
5,298
5,345
6,768
5,785
7,011
5,246
Total Liabilities
11,101
10,465
11,623
14,339
14,138
12,875
14,265
17,523
16,079
18,375
17,109
20,085
21,041
Fixed Assets
4,102
4,119
3,883
5,914
6,977
7,034
7,142
6,967
7,637
7,506
7,325
7,182
6,980
CWIP
784
1,679
2,763
1,410
1,199
1,598
1,550
1,210
331
210
208
346
602
Investments
14
119
140
153
159
179
199
208
206
240
280
491
556
Other Assets
6,201
4,547
4,837
6,863
5,802
4,064
5,374
9,139
7,905
10,419
9,296
12,066
12,903
Total Assets
11,101
10,465
11,623
14,339
14,138
12,875
14,265
17,523
16,079
18,375
17,109
20,085
21,041

Cash Flow

₹ Cr
CHENNPETRO cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,083
2,292
609
2,757
−144
−620
452
1,026
5,749
2,694
1,352
2,945
Investing
−480
−1,142
−1,169
−969
−1,273
−963
−548
−676
−403
−589
−649
−930
Financing
−609
−1,152
561
−1,788
1,417
1,583
97
−343
−5,354
−2,106
−519
−1,294
Net Cash Flow
−6
−1
0
0
0
0
1
7
−7
−1
184
721
Free Cash Flow
596
1,129
−582
1,766
−1,452
−1,607
−116
326
5,331
2,092
667
2,045
CFO/EBITDA
−931
172
48
150
−21
27
23
38
119
81
130
82

Ratios

CHENNPETRO financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
16
11
14
18
3
1
3
2
1
3
1
1
Inventory Days
35
50
48
60
45
23
87
71
32
48
42
53
Days Payable
29
39
25
56
23
15
36
30
16
26
20
25
Cash Conversion Cycle
22
22
37
22
26
9
54
43
17
24
23
29
Working Capital Days
−20
−22
−14
−26
−29
−54
−70
−22
5
9
−2
10
ROCE %
—
16%
21%
21%
1%
−26%
16%
20%
45%
35%
4%
35%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Chennai Petroleum Corporation insights

60 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 67.29%
  • FIIs 15.79%
  • Public 12.96%
  • Others 2.79%
  • DIIs 1.18%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Chennai Petroleum Corporation

What does Chennai Petroleum Corporation Ltd do?
Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.
Where is Chennai Petroleum Corporation Ltd (CHENNPETRO) listed?
Chennai Petroleum Corporation Ltd trades as CHENNPETRO on the NSE and under code 500110 on the BSE.
Which sector does Chennai Petroleum Corporation Ltd belong to?
Chennai Petroleum Corporation Ltd is classified under the Petroleum Products sector, in the Refineries & Marketing industry.
What is the PE ratio of Chennai Petroleum Corporation Ltd?
Chennai Petroleum Corporation Ltd trades at a PE ratio of 4.09 as of 4 Nov 2026, on earnings per share of ₹382.9, against a book value of ₹912.83 per share.
What is the 52-week high and low of Chennai Petroleum Corporation Ltd?
Over the last 52 weeks Chennai Petroleum Corporation Ltd has traded between ₹765.5 and ₹1,677.5 as of 4 Nov 2026.
Does Chennai Petroleum Corporation Ltd pay dividends?
Chennai Petroleum Corporation Ltd has a dividend yield of 1.62%.
What is the Return on Equity (ROE) of Chennai Petroleum Corporation Ltd?
Chennai Petroleum Corporation Ltd reported a return on equity of 31.80%. Its debt-to-equity ratio is 0.16.

Company Information

Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.

Website cpcl.co.in
CEO Mr. H. Shankar
Employees 1,413
Listed 7 Jun 2000
Face Value ₹10

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