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Hindustan Oil Exploration Company Ltd Performance

Today's Low
199.05
arrowIcon
Today's High
202.65
52 Wk Low
154.70
arrowIcon
52 Wk High
257.95


Open

202.4

Traded Value (Cr)

5.50

Prev. Close

200.05

Face Value

10

Volume

274966

Hindustan Oil Exploration Company Ltd Fundamentals

Market Cap
₹ 2635.61 Cr
P/E Ratio (TTM)
10.04
P/B Ratio
2.42
Debt to Equity
0.42
ROE
8.70
EPS (TTM)
19.85
Dividend Yield
0.00 %
Book Value
82.43

Click here to know more about Fundamentals

Hindustan Oil Exploration Company Ltd Financials

Hindustan Oil Exploration Company Ltd Financials

Hindustan Oil Exploration Company Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Others 50.96 % 51.44 % 57.53 % 60.09 %
Retail 47.19 % 46.82 % 40.32 % 37.82 %
FII 1.31 % 1.23 % 0.97 % 0.72 %
Mutual Funds 0.54 % 0.51 % 1.18 % 1.37 %
Promoters 0.00 % 0.00 % 0.00 % 0.00 %

Others

50.96%

Retail

47.19%

FII

1.31%

Mutual Funds

0.54%

Promoters

0.00%

Others

51.44%

Retail

46.82%

FII

1.23%

Mutual Funds

0.51%

Promoters

0.00%

Others

57.53%

Retail

40.32%

FII

0.97%

Mutual Funds

1.18%

Promoters

0.00%

Others

60.09%

Retail

37.82%

FII

0.72%

Mutual Funds

1.37%

Promoters

0.00%

Resistance and Support

₹200.58

PIVOT

resistance-arrow
Resistance
First Resistance₹202.117
Second Resistance₹204.183
Third Resistance₹205.717
support-arrow
Support
First Support₹198.517
Second Support₹196.983
Third Support₹194.917

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,531,653166,78360.66
Week274,966394,242-77.41
1 Month274,966783,202-77.41
6 Months241,466,59193,362,95642.83

About Hindustan Oil Exploration Company Ltd

Hindustan Oil Exploration Company Limited (HOEC) is a participant in various oil and gas blocks/fields which are in the nature of joint operation through Production Sharing Contracts (PSC) entered by the Company with Government of India along with other entities. The Company at present, is engaged in the exploration, development and production of hydrocarbons crude oil and natural gas in India, both onshore and offshore. Apart from these, the Company provides geological and geophysical services relating to the exploration of oil and natural gas and other oil field services. The company has a 100% subsidiary namely HOEC Bardahl India Ltd which is engaged in marketing of fuel or engine additives. 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 exploration, development and production: AAP-ON-94/1 in Assam; CY-OS/90-1 (PY-3) and PY-1 in Cauvery, and Asjol, CB-OS-1, CB-ON-7 and North Balol in Cambay. Production of crude oil from PY-3 Field located in Cauvery Basin is the principal source of the company's production. Hindustan Oil Exploration Company Ltd was incorporated on September 22, 1983. The company commenced their operational activities in the year 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation. In the year 1991-92, the company signed a MoU with Petronas Carigali, Malaysia, to conduct joint studies on basins/blocks of mutual interest. In February 1993, the company, along with Albion (India), US, signed a production sharing contract with the Ministry of Petroleum and ONGC, as an operator for a block offshore the coast of Andhra Pradesh with a 35% share in the block. In March 30, 1992, HOEC Bardahl India Ltd became the subsidiary of the company. During the year 1999-2000, they enhanced their presence in the Cambay basin of Gujarat by signing two more exploration blocks. During the year 2000-01, Production Sharing Contracts were signed by the company for three exploration blocks namely CB-ON-2, CB-ON-7 and CY-OSN-97/1(NELP). During the year 2001-02, exploration work was commenced in block CB-ON-7 (Palej) and CB-ON-2 (Tarapur) Block in Gujarat. In February 2003, the Government of Gujarat granted mining lease for Dholasan & Kanawara fields. In April 2004, the company acquired 3D and 2D seismic data in the Cauvery Basin block located offshore East Coast of India. In the year 2005, Burren Shakti Ltd and Burren Energy India Ltd, wholly owned subsidiary of Burren Energy plc, acquired 26% controlling stake in the company from Unocal. Burren Energy plc is a London based exploration and production company, having core producing assets in the Caspian state of Turkmenistan, the Republic of Congo and Egypt. During the year 2006-07, the company executed an agreement with PPN Power Generating Company, an independent power plant in the State of Tamil Nadu operating a 330.5 MW power plant, for the supply of upto 51,000 MMBTU per day of natural gas from the company's PY-1 Cauvery Basin gas field. In February 2008, Burren Energy plc was acquired by ENI UK Holdings plc which is a subsidiary of ENI spa, Italy. In December 2008, the company has been awarded RJ-ONN-2005/1, RJ-ONN-2005/2 under the New Exploration Licensing Policy Round VII (NEPL VII) by the Government of India. During FY 2008-09, Company acquired 3D Seismic Data; it installed and constructed PY-1 Offshore Production Facilities (Platform & Pipeline); installed PY-1 Onshore Facilities and drilling of two Development Wells and establish Phase I plateau production. During the year 2009-10, Company commissioned commercial production of natural gas from PY-1 Field on November 27, 2009. It commissioned drilling of the first appraisal well, Dirok-2 field, in Assam on July 20, 2010. During the year 2012-12, Company drilled multi-lateral well, Surya' in PY-1 Field and thereby, commissioned an independent 3rd Party reserve certification to re-assess the potential of PY-1 Field. The Company implemented various cost optimisation initiatives in PY-1 Field including, de-hiring of chopper services, de-hiring of warehouse and explosive storage yard, undertaking in-house maintenance of critical equipment, tele linking platform to control centre through a low cost yet proven and reliable solution, phasing out expatriates at PY-1 site and improvised rotational work pattern for effective manpower utilization. During the year 2017-18, a development expenditure of Rs 4,811.36 lacs was incurred for the gas development project at Assam, PY-1 drilling campaign and B80 development. An expenditure of Rs 814.72 lacs was incurred to secure the PSC for the adjoining area of Block CB-ON/7 during the year. During the year 2018-19, Company acquired the entire share capital of Geopetrol International Inc. (GPII) and became a wholly owned step-down subsidiary of Company. The Company commissioned Hollong Modular Gas Processing Plant completed 200,000 hours of LTI free operation. It completed two subsea well drilling campaign in Mumbai Offshore in March-April 2020. Post installation of Single Point Mooring (SPM) system and mobilisation of the Floating Storage and Offload (FSO) vessel, the pre-commissioning of the processing facilities at KGB - Offshore Installation such as separators, gas dehydration unit, and compressors etc. was started. Gas produced from well D-2 was processed to meet the specifications and packed into ONGC pipeline from May 31, 2022 onwards. Subsequently, Gas Transportation Agreement (GTA) between ONGC and HOEC was executed on June 03, 2022. Post meeting the gas specification, sales to GSPC has commenced effective from June 04, 2022.

Managing Director

1983

Founded

P Elango

NSE Symbol

HINDOILEXP

Hindustan Oil Exploration Company Ltd Management

NameDesignation
Sharmila AminIndependent Director
P ElangoManaging Director
R JeevanandamExecutive Director & CFO
P K BorthakurIndependent Director
Ashok Kumar GoelNon Executive Director
ROHIT RAJGOPAL DHOOTNon Executive Director
Vivek RaeChairman & Independent Directo
Josephin DaisyCompany Sec. & Compli. Officer

Hindustan Oil Exploration Company Ltd News

Hindustan Oil Exploration Company consolidated net profit rises 24.72% in the December 2023 quarter
Sales rise 5.45% to Rs 179.08 crore
Hindustan Oil Exploration Company to announce Quarterly Result
On 13 February 2024
Hindustan Oil Exploration Company to announce Quarterly Result
On 16 November 2023
Hindustan Oil Exploration Company appoints CFO
With effect from 15 November 2023
HOEC appoints Sivalai Senthilnatha as CFO
Hindustan Oil Exploration Company (HOEC) announced that its board approved appointment of Sivalai Senthilnathan as the chief financial officer (CFO) with effect from 15 November 2023.
Hindustan Oil Exploration Company consolidated net profit rises 143.82% in the September 2023 quarter
Sales decline 9.43% to Rs 112.83 crore
Hindustan Oil Exploration Company to discuss results
On 10 November 2023
Hindustan Oil Exploration Company Ltd leads gainers in 'A' group
Finolex Cables Ltd, C.E. Info Systems Ltd, Indian Overseas Bank and Multi Commodity Exchange of India Ltd are among the other gainers in the BSE's 'A' group today, 28 September 2023.
Hindustan Oil Exploration undertakes flushing of wax deposits in oil export line of B-80 field
Halts production from 16 September 2023
Hindustan Oil Exploration Company to convene AGM
On 27 September 2023

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Hindustan Oil Exploration Company Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Hindustan Oil Exploration Company Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Hindustan Oil Exploration Company Ltd's share price is ₹200.05 as of May 18, 2024 at 01:44 PM

Hindustan Oil Exploration Company Ltd's P/E ratio is 10.04 times as of May 18, 2024 at 01:44 PM.

Hindustan Oil Exploration Company Ltd's most recent financial reports indicate a price-to-book ratio of 2.42, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Hindustan Oil Exploration Company Ltd's market is 2,636 Cr as on May 18, 2024 at 01:44 PM.

The current financial records of Hindustan Oil Exploration Company Ltd show a 8.70% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Hindustan Oil Exploration Company Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Hindustan Oil Exploration Company Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Hindustan Oil Exploration Company Ltd's 52-week high and low as of May 18, 2024 at 01:44 PM are ₹257.95 and ₹257.95 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Hindustan Oil Exploration Company Ltd stands at 0.00%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 1.23% to 1.31%.