Chennai Petroleum Corporation logo

Chennai Petroleum Corporation share price

NSE: CHENNPETROBSE: 500110Petroleum ProductsSmall Cap

Chennai Petroleum Corporation Limited · Formerly Madras Refineries · Face value ₹10 · Listed Oct 1992 on BSE, Jun 2000 on NSE
Last close ₹1,511.50down ₹0.30 (0.02%)BSE ₹1,511.25

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,511.80.

30 Oct: open ₹1,497.80, high ₹1,533.00, low ₹1,474.00

52-week range of traded prices to 30 Oct 2026
₹765.50Low, 12 Jan 2026₹1,677.50High, 11 Sep 2026
Market cap
₹22,508 Cr432nd largest listed
P/E
3.95
P/B
1.66
Dividend yield
5.76%
ROE
50.9%
ROCE
48.4%
Debt to equity
0.16
Volume, NSE
11,45,25823.5% delivered

Chennai Petroleum Corporation share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+70.8%over a year · Nifty Oil & Gas −14.0% · Nifty 500 −8.2%

ResultsDividend20-session average 34,30,864 shares a day, 22.0% delivered

About Chennai Petroleum Corporation

Chennai Petroleum Corporation Limited (CPCL) refines crude oil into transport fuels, petrochemical feedstocks, specialty products, industrial fuels and defence fuels at its Manali refinery in Chennai.12 Its customers are its parent Indian Oil Corporation, petrochemical plants nearby and buyers of specialty products such as food-grade hexane, mineral turpentine oil and paraffin wax.3 It sells in India and exports surplus products such as diesel and naphtha through Indian Oil.4

It also sells petrol and diesel through its own retail outlets under the SOOPER brand.5 It was incorporated in 1965.6 In the year to Mar 2026 it was elevated to Navratna status, which gives a state-owned company more freedom to approve its own investments.7

CPCL is a government company under the Ministry of Petroleum and Natural Gas, and Indian Oil Corporation, its holding company, owns 51.89%.89 The chairman of Indian Oil also chairs its board, and Naftiran Inter Trade Company is a shareholder.810 It has no subsidiaries; it owns 50% of Indian Additives Limited, a joint venture with Chevron that makes lube additives, and 25% of Cauvery Basin Refinery and Petrochemicals Limited.111213

Chennai Petroleum Corporation key points

Results

  • On a standalone basis, revenue from operations was ₹78,611 crore in the year to Mar 2026 and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹4,852 crore.1415
  • Standalone profit after tax was ₹3,062 crore in the year to Mar 2026, against ₹174 crore a year earlier, and profit before tax was ₹4,122 crore, against ₹208 crore.16
  • The gross refining margin (what the refinery earns per barrel of crude before operating costs) was US$9.28 per barrel in the year to Mar 2026, against US$4.22 a year earlier, and US$13.75 in the quarter to Mar 2026.1718
  • The board recommended a final dividend of ₹54 per share for the year to Mar 2026, which with the ₹8 interim makes ₹62 per ₹10 share, the company's highest.19

Market position

  • The company says CPCL is the only refinery in India with the capability to make liquid fuels, wax and lube products.20
  • CPCL was the first Indian public sector refinery in the top quartile of the Solomon Energy Intensity Index, a global refinery benchmark, and ranks in the top quartile on 7 Solomon Associates indices.2122

Revenue mix

  • Share of turnover by product2324
    Itemyear to Mar 2026
    Diesel49.17%
    Petrol12.64%
    Naphtha11.45%
    Aviation turbine fuel10.10%
    LPG3.84%
    Bitumen3.65%
  • About 92% of CPCL's products are marketed through Indian Oil; around 8%, mainly specialty products, petrochemical feedstocks and industrial fuels, are sold directly.25
  • On its earnings call of 24 Apr 2026, the company said niche products, about 7% to 8% of its products, contribute around 15% of its margins.20
  • Sales to Indian Oil run under a long-term agreement at the refinery transfer price, the price at which refiners sell to oil marketing companies.2627

Plants and capacity

  • The Manali refinery has a crude refining capacity of 235,000 barrels a day, 3 crude units and a Nelson Complexity Index of 10.8 (a measure of a refinery's upgrading equipment beyond basic distillation).2818
  • In the year to Mar 2026 the Manali refinery processed a record 11.71 million tonnes of crude, 112% of its capacity.16
  • The Manali refinery's distillate yield (the share of crude turned into fuels such as LPG, petrol, jet fuel and diesel) was a record 79.1% in the year to Mar 2026; fuel and loss (crude burned or lost in processing) was a record low 7.73%.14

Crude sourcing

  • On its earnings call of 24 Apr 2026, the company said 55% to 60% of its crude comes under 1-year term contracts, almost all with Middle East suppliers, and the rest from short-term purchases.293031
  • The company gave its usual crude mix by origin as around 10% Indian, including Bombay High, 25% to 30% Russian, 5% to 10% African and US, and the rest mostly Middle East.32
  • In the year to Mar 2026 the refinery processed 6 new crude grades, from the US, Qatar, Sudan, Libya, Ghana and Gabon; it can handle more than 150 crude varieties.2233
  • High-sulphur crude made up 52% of what the refinery processed in the year to Mar 2026; the company says it can take up to 70%.3435

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it is building a ₹1,620 crore Group II/III lube oil base stocks project (higher-grade base oils for lubricants) at Manali, with a capacity of 256 kilotonnes a year (TMTPA).36
  • On its earnings call of 24 Apr 2026, the company put its retail outlet project at ₹400 crore; the Ministry of Petroleum and Natural Gas has authorised CPCL to set up 300 retail outlets.2537
  • On its earnings call of 24 Apr 2026, the company said that besides the lube oil and retail outlet projects, it expects about ₹500 crore a year of normal capital spending.38
  • The company stated in its annual report for the year to Mar 2026 that it has started studies on raising refinery capacity by 25% and entering petrochemicals, and on converting its visbreaker (a heavy-residue cracking unit) into 1.0 million tonnes a year of crude distillation.39

Debt and credit ratings

  • Debt to equity on gross borrowings was 0.18 at the end of March 2026, against 0.39 a year earlier, and net borrowings were ₹973 crore.19
  • On 14 Sep 2026, ICRA reaffirmed its A1+ rating, the highest for short-term debt, on CPCL's commercial paper.40
  • On 7 Nov 2025, Crisil Ratings reaffirmed its AAA/Stable rating, the highest for long-term debt, on CPCL's bank facilities and A1+ on its commercial paper.41

Recent events

  • CPCL opened its first company-owned, company-operated SOOPER fuel outlet at Mathur, Chennai, on 20 May 2026.42
  • CPCL commissioned its first retail outlet under the SOOPER brand on 22 Mar 2026.42

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 1 Aug 2026, page 8
  2. 2. Annual report, 1 Aug 2026, page 21
  3. 3. Annual report, 1 Aug 2026, page 211
  4. 4. Annual report, 1 Aug 2026, page 211
  5. 5. Annual report, 1 Aug 2026, page 10
  6. 6. Annual report, 1 Aug 2026, page 210
  7. 7. Annual report, 1 Aug 2026, page 3
  8. 8. Annual report, 1 Aug 2026, page 120
  9. 9. Annual report, 1 Aug 2026, page 212
  10. 10. Annual report, 1 Aug 2026, page 142
  11. 11. Annual report, 1 Aug 2026, page 132
  12. 12. Annual report, 1 Aug 2026, page 170
  13. 13. Annual report, 1 Aug 2026, page 212
  14. 14. Annual report, 1 Aug 2026, page 63
  15. 15. Annual report, 1 Aug 2026, page 32
  16. 16. Annual report, 1 Aug 2026, page 146
  17. 17. Earnings call, 24 Apr 2026, page 19
  18. 18. Earnings call, 24 Apr 2026, page 4
  19. 19. Earnings call, 24 Apr 2026, page 5
  20. 20. Earnings call, 24 Apr 2026, page 15
  21. 21. Annual report, 1 Aug 2026, page 26
  22. 22. Annual report, 1 Aug 2026, page 69
  23. 23. Annual report, 1 Aug 2026, page 210
  24. 24. Annual report, 1 Aug 2026, page 210
  25. 25. Annual report, 1 Aug 2026, page 72
  26. 26. Earnings call, 24 Apr 2026, page 8
  27. 27. Earnings call, 24 Apr 2026, page 18
  28. 28. Annual report, 1 Aug 2026, page 10
  29. 29. Earnings call, 24 Apr 2026, page 4
  30. 30. Earnings call, 24 Apr 2026, page 13
  31. 31. Earnings call, 24 Apr 2026, page 16
  32. 32. Earnings call, 24 Apr 2026, page 10
  33. 33. Annual report, 1 Aug 2026, page 148
  34. 34. Earnings call, 24 Apr 2026, page 4
  35. 35. Earnings call, 24 Apr 2026, page 9
  36. 36. Annual report, 1 Aug 2026, page 200
  37. 37. Earnings call, 24 Apr 2026, page 7
  38. 38. Earnings call, 24 Apr 2026, page 7
  39. 39. Annual report, 1 Aug 2026, page 154
  40. 40. Exchange filing, 14 Sep 2026, page 1
  41. 41. Exchange filing, 7 Nov 2025, page 1
  42. 42. Annual report, 1 Aug 2026, page 150
Revenue growth, 12 months
+21.8%
Net profit growth, 12 months
+387.4%

Quarter to Sep 2026, against the quarter before

Revenue
₹22,055 Crdown 24.88%
Net profit
₹2,247 Crup 117.87%
Net margin
10.2%

Revenue by quarter

₹15,683 CrDec 24₹20,581 CrMar 25₹18,683 CrJun 25₹20,034 CrSep 25₹19,438 CrDec 25₹20,455 CrMar 26₹29,359 CrJun 26₹22,055 CrSep 26
Peak revenue ₹29,359 Cr, quarter to Jun 2026; lowest ₹15,683 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹21 CrDec 24₹470 CrMar 25−₹40 CrJun 25₹719 CrSep 25₹1,002 CrDec 25₹1,422 CrMar 26₹1,031 CrJun 26₹2,247 CrSep 26
A loss in 1 of the 8 quarters shown
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue15,68320,58118,68320,03419,43820,45529,35922,055
Net profit21470−407191,0021,4221,0312,247
Net margin0.1%2.3%−0.2%3.6%5.2%7.0%3.5%10.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, PETROLEUM, which carries all its revenue.

Valuation

Today, against the company's own history.Chennai Petroleum Corporation PE ratio and valuation

Price to earnings

At or below today's level on 26% of 1,800 trading days over the last 10 years.

LowestHighest
Its median5.20Industry median19.20
Price to book

At or below today's level on 90% of 1,984 trading days since Oct 2018.

LowestHighest
Its median1.10Industry median1.67
Dividend yield

At or below today's level on 75% of 2,470 trading days over the last 10 years.

LowestHighest
Its median1.07%Industry median4.04%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+63.7%+1,349.0%−89.1%6.4%
3 years+64.1%−4.2%+66.7%4.4%
5 years+62.6%+64.5%−4.3%5.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Chennai Petroleum Corporation shareholding pattern

Shareholding by group

  • Promoters67.29%
  • Foreign institutions15.79%
  • Indian institutions1.18%
  • Individuals and others15.75%
Holder
INDIAN OIL CORPORATION LIMITEDPromoter51.89%
NAFTIRAN INTER TRADE COMPANY LTDPromoter15.40%
DOLLY KHANNAResident individuals, over ₹2 lakh at face value1.02%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.80 pts, Indian institutions +0.17 pts, mutual funds −0.01 pts.

Mutual fund holdings

63 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 49 of the 53 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 63 funds holding Chennai Petroleum Corporation

Bought for the first time
3
Added
16
Cut
37
Held unchanged
6
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.Chennai Petroleum Corporation insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 7 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Chennai Petroleum Corporation competitors and peers

Refineries & Marketing, 13 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Chennai Petroleum Corporation in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Oil and gas companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Reliance Industries logoReliance IndustriesRELIANCE15,76,40519.201.67+19.4%−1.2%9.0%8.9%0.52%
Bharat Petroleum Corporation logoBharat Petroleum CorporationBPCL1,23,6047.821.22+16.5%−25.6%16.2%12.1%6.14%
Hindustan Petroleum Corporation logoHindustan Petroleum CorporationHINDPETRO72,46350.421.38+13.8%−89.7%2.6%1.0%7.12%
Mangalore Refinery and Petrochemicals logoMangalore Refinery and PetrochemicalsMRPL30,3466.871.78+35.2%+327.4%29.1%28.8%4.04%
Rajasthan Securities logoRajasthan SecuritiesRAJSEC4636.963.96–+298.7%87.1%21.1%0.00%
Kotyark Industries logoKotyark IndustriesKOTYARK43719.612.37––13.3%–1.18%
Rajputana Biodiesel logoRajputana BiodieselRAJPUTANA13713.042.75+81.3%+77.7%23.2%–0.00%
Resgen logoResgenRESGEN979.501.43––15.0%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Chennai Petroleum Corporation dividend history

Dividend per share, ₹, restated for later splits and bonuses

19Mar 18Mar 19Mar 20Mar 212Mar 2227Mar 2355Mar 245Mar 2562Mar 2625Mar 27so far
Highest ₹62.00 a share, year to Mar 2026.
Ex-dateTypePer share
30 Oct 2026Interim₹25.00
7 Aug 2026Final₹54.00
2 Apr 2026Interim₹8.00
1 Aug 2025Final₹5.00
19 Jul 2024Final₹55.00
4 Aug 2023Final₹27.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Chennai Petroleum Corporation announcements

Chennai Petroleum Corporation share price by year

Each calendar year to 2025.Chennai Petroleum Corporation share price history

YearClose at year endChangeHighest closeLowest close
2025836.20+33.6%1,096.55451.60
2024625.80−10.1%1,220.00569.15
2023696.00+236.6%711.35206.85
2022206.80+101.5%379.8095.20
2021102.65−3.8%147.0090.75
2020106.65−13.7%152.4547.95
2019123.55−58.3%290.55109.45
2018296.50−30.8%460.80225.95
2017428.60+56.5%470.65282.85
2016273.90+36.6%305.35144.65
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20261,522.701,531.201,493.101,511.801,507.6011,22,87431.0%
28 Oct 20261,560.401,567.101,499.001,521.401,520.6515,34,07927.2%
27 Oct 20261,526.801,582.001,516.001,573.801,556.8821,61,54321.3%
26 Oct 20261,472.001,574.201,443.501,521.401,523.8339,64,45913.1%
23 Oct 20261,462.001,529.901,423.001,475.601,486.3164,08,88213.3%
22 Oct 20261,438.401,480.001,377.301,453.701,431.9848,58,38415.7%
21 Oct 20261,444.501,464.901,397.101,438.401,430.0013,11,19519.6%
19 Oct 20261,415.101,458.801,411.001,432.401,439.2221,09,92818.5%
16 Oct 20261,444.601,448.301,391.801,406.601,408.6714,48,84330.3%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Arvinder Singh Sahney
At the end of the quarter to Sep 2026
Managing director and CEO
H.SHANKAR
At the end of the quarter to Sep 2026
NSE symbol
CHENNPETRO
BSE code
500110
ISIN
INE178A01016
Industry
Petroleum Products
Former symbols
MADRASREFN
CIN
L40101TN1965GOI005389
Corporate identity number, the registrar of companies' code for it
Incorporated
1965
Registered office
536, Anna Salai, Teynampet, Chennai 600018, Tamil Nadu
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments