Hindustan Petroleum Corporation logo

Hindustan Petroleum Corporation share price

NSE: HINDPETROBSE: 500104Petroleum ProductsMid Cap

Hindustan Petroleum Corporation Limited · Face value ₹10 · Listed Sep 1992 on BSE, Jun 1998 on NSE
Last close ₹347.15down ₹6.85 (1.94%)BSE ₹347.80

Share price at the NSE close on 28 Oct 2026. Previous close ₹354.00.

28 Oct: open ₹345.80, high ₹347.15, low ₹338.80

52-week range of traded prices to 28 Oct 2026
₹316.20Low, 23 Mar 2026₹508.45High, 5 Jan 2026
Market cap
₹73,867 Cr126th largest listed
P/E
51.40
P/B
1.40
Dividend yield
6.99%
ROE
2.6%
ROCE
1.0%
Debt to equity
1.31
Volume, NSE
33,45,98046.8% delivered

Hindustan Petroleum Corporation share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−23.2%over a year · Nifty Oil & Gas −12.3% · Nifty 500 −8.8%

ResultsDividend20-session average 51,05,525 shares a day, 52.5% delivered

About Hindustan Petroleum Corporation

Hindustan Petroleum Corporation Limited (HPCL) refines crude oil and markets petroleum products in India, from its own refineries at Mumbai and Visakhapatnam.12 It sells fuels, cooking gas (LPG), aviation fuel and lubricants to households, motorists, airlines and industry.345 It also runs product pipelines and has natural gas, petrochemicals, biofuels and renewable energy businesses.3

For its accounts it reports a single segment, downstream petroleum; oil and gas exploration and its sugar and ethanol business are grouped as all other segments.1 As of October 2026 it worked through 20 joint venture and subsidiary companies, among them HPCL Renewable & Green Energy, a wholly owned subsidiary for renewable power and new energy businesses.67

It was incorporated in 1952.8 The Government of India transferred its 51.11% stake in HPCL to Oil and Natural Gas Corporation (ONGC).9 HPCL is a Maharatna company, the highest status the Government of India gives its largest public sector enterprises.9

Hindustan Petroleum Corporation key points

Results

  • On a standalone basis (the company alone, without subsidiaries), gross sales were ₹4,76,411.29 crore in the year to Mar 2026, against ₹4,64,246.96 crore a year earlier. The total dividend for the year was ₹24.25 per share.10
  • Standalone EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹33,181.55 crore and profit after tax ₹17,175.23 crore in the year to Mar 2026, against ₹19,022.39 crore and ₹7,364.86 crore a year earlier.11
  • On its earnings call of 23 Jul 2026, the company said it made a loss in the quarter to Jun 2026, partly from inventory write-downs; its marketing under-recovery (fuel and LPG sold below cost) was more than ₹26,000 crore.121314
  • Net worth (assets less liabilities) was ₹59,847 crore and debt to equity (borrowings divided by net worth) 0.80 at the end of Mar 2026; on 23 Jul 2026 the company said debt was ₹72,000 crore and debt to equity 1.5.1516

Market position

  • Its domestic market share in petroleum products was 20.27% in the year to Mar 2026.17
  • Its share of the aviation fuel market was 12.73% in the year to Mar 2026, its highest in a decade, as its aviation fuel sales grew 6.5% against 2.0% for the industry.18

Sales volumes

  • Sales by business in the year to Mar 2026, in million tonnes (MMT); TMT is a thousandth of an MMT192021
    Itemyear to Mar 2026
    Retail fuels30.83 MMT
    LPG9.41 MMT
    Direct sales to industry and consumers5.9 MMT
    Aviation fuel1.16 MMT
    Lubricants686 TMT
    Natural gas624 TMT
    Total sales, including refinery exports, were a record 51.45 MMT, up 3.3% on the year before.

Plants and capacity

  • Its own refineries at Mumbai (9.5 million tonnes a year, MMTPA) and Visakhapatnam (15.0 MMTPA) processed a record 26.04 MMT of crude in the year to Mar 2026, at an average utilisation of 106.3%.22
  • It holds 48.993% of HPCL-Mittal Energy Limited (HMEL), whose refinery reached its planned capacity of 12.5 MMTPA in the quarter to Sep 2026, and 16.955% of Mangalore Refinery and Petrochemicals Limited.2324
  • It owns 74% of HPCL Rajasthan Refinery Limited (HRRL), in partnership with the Government of Rajasthan; the HRRL project has 9 MMTPA of refining capacity, including 2.4 MMTPA of petrochemical capacity.2526
  • Network at the end of March 2026272829
    Itemyear to Mar 2026
    Retail outlets25,098
    Compressed natural gas (CNG) stations at outlets2,253
    Electric vehicle (EV) charging, including battery swapping5,533
    LPG distributors6,389
    LPG bottling plants55
    Aviation service facilities59
    Lube blending plants4
    Pipeline network5,440 km

Expansion and capital spending

  • Capital spending, including equity investments in joint ventures and subsidiaries, was ₹15,705 crore in the year to Mar 2026.3031
  • The company stated in its annual report for the year to Mar 2026 that its 201 km Haldia-Panagarh LPG pipeline was near completion and its 540 km Visakh-Raipur pipeline was in progress.32
  • In its presentation of 22 Oct 2026, the company restated its net zero plan of Jan 2022: ₹60,000 crore to reach net zero emissions from its operations and purchased energy by 2040.33

What the company expects

  • On its earnings call of 23 Jul 2026, the company said it expects the HRRL refinery to reach full capacity in the quarter to Dec 2026, and its petrochemical units by Mar 2027.34
  • On its earnings call of 23 Jul 2026, the company said its capital spending target for the year to Mar 2027, agreed with the Government of India, was about ₹9,700 crore and it expected to spend less.35
  • On its earnings call of 23 Jul 2026, the company said its restarted Samriddhi programme of cost cuts and sales gains targets ₹1,500 crore of benefits at an annualised run rate.36
  • On its earnings call of 23 Jul 2026, the company said it hoped to have the Visakh residue upgradation facility fully stabilised in the quarter to Dec 2026.37

Recent events

  • HRRL began scheduled commercial operation on 22 Jun 2026 and was dedicated to the nation by the Prime Minister on 4 Jul 2026.3839
  • In its exchange filing of 19 Jan 2026, HPCL said it had signed a 10-year agreement to buy liquefied natural gas (LNG) from Abu Dhabi Gas Liquefaction Company for its 5 million tonnes a year terminal at Chhara, Gujarat.40
  • In its exchange filing of 3 Jan 2026, HPCL said it had commissioned a 3.55 MMTPA residue upgradation facility at its Visakh refinery, built to convert about 93% of heavy leftover oil into higher-value products.41

Litigation and regulatory matters

  • As of its annual report of 31 Jul 2026, NSE and BSE had fined HPCL over its board and committee composition in the year to Mar 2026; HPCL sought a waiver as the Government of India appoints its directors, and awaited a response.42

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 31 Jul 2026, page 454
  2. 2. Annual report, 31 Jul 2026, page 5
  3. 3. Annual report, 31 Jul 2026, page 6
  4. 4. Annual report, 31 Jul 2026, page 43
  5. 5. Annual report, 31 Jul 2026, page 82
  6. 6. Investor presentation, 22 Oct 2026, page 8
  7. 7. Annual report, 31 Jul 2026, page 42
  8. 8. Annual report, 31 Jul 2026, page 135
  9. 9. Investor presentation, 22 Oct 2026, page 6
  10. 10. Annual report, 31 Jul 2026, page 164
  11. 11. Annual report, 31 Jul 2026, page 164
  12. 12. Earnings call, 23 Jul 2026, page 20
  13. 13. Earnings call, 23 Jul 2026, page 10
  14. 14. Earnings call, 23 Jul 2026, page 4
  15. 15. Annual report, 31 Jul 2026, page 19
  16. 16. Earnings call, 23 Jul 2026, page 4
  17. 17. Annual report, 31 Jul 2026, page 14
  18. 18. Annual report, 31 Jul 2026, page 82
  19. 19. Annual report, 31 Jul 2026, page 165
  20. 20. Annual report, 31 Jul 2026, page 20
  21. 21. Annual report, 31 Jul 2026, page 166
  22. 22. Annual report, 31 Jul 2026, page 68
  23. 23. Annual report, 31 Jul 2026, page 68
  24. 24. Investor presentation, 22 Oct 2026, page 31
  25. 25. Annual report, 31 Jul 2026, page 68
  26. 26. Annual report, 31 Jul 2026, page 239
  27. 27. Annual report, 31 Jul 2026, page 220
  28. 28. Annual report, 31 Jul 2026, page 14
  29. 29. Annual report, 31 Jul 2026, page 167
  30. 30. Annual report, 31 Jul 2026, page 20
  31. 31. Investor presentation, 22 Oct 2026, page 27
  32. 32. Annual report, 31 Jul 2026, page 239
  33. 33. Investor presentation, 22 Oct 2026, page 38
  34. 34. Earnings call, 23 Jul 2026, page 4
  35. 35. Earnings call, 23 Jul 2026, page 5
  36. 36. Earnings call, 23 Jul 2026, page 5
  37. 37. Earnings call, 23 Jul 2026, page 11
  38. 38. Earnings call, 23 Jul 2026, page 4
  39. 39. Annual report, 31 Jul 2026, page 14
  40. 40. Exchange filing, 19 Jan 2026, page 1
  41. 41. Exchange filing, 3 Jan 2026, page 1
  42. 42. Annual report, 31 Jul 2026, page 222
Revenue growth, 12 months
+13.8%
Net profit growth, 12 months
−89.7%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,39,114 Crdown 4.21%
Net profit
₹3,625 CrQuarter to Jun 2026: −₹12,265 Cr
Net margin
2.6%

Revenue by quarter

₹1,19,039 CrDec 24₹1,18,474 CrMar 25₹1,20,193 CrJun 25₹1,10,397 CrSep 25₹1,24,583 CrDec 25₹1,23,693 CrMar 26₹1,45,225 CrJun 26₹1,39,114 CrSep 26
Peak revenue ₹1,45,225 Cr, quarter to Jun 2026; lowest ₹1,10,397 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹2,544 CrDec 24₹3,415 CrMar 25₹4,111 CrJun 25₹3,859 CrSep 25₹4,011 CrDec 25₹6,065 CrMar 26−₹12,265 CrJun 26₹3,625 CrSep 26
Back to profit in the quarter to Sep 2026, ₹3,625 CrA loss in 1 of the 8 quarters shown
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,19,0391,18,4741,20,1931,10,3971,24,5831,23,6931,45,2251,39,114
Net profit2,5443,4154,1113,8594,0116,065−12,2653,625
Net margin2.1%2.9%3.4%3.5%3.2%4.9%−8.4%2.6%
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

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Downstream Petroleum₹4,78,519 Crup 2.61%99.9%
  • Others₹475 Cr0.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

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

Price to earnings

At or below today's level on 100.0% of 2,235 trading days over the last 10 years.

LowestHighest
Its median6.41Industry median13.17
Price to book

At or below today's level on 64% of 1,920 trading days since Nov 2018.

LowestHighest
Its median1.24Industry median1.67
Dividend yield

At or below today's level on 87% of 2,423 trading days over the last 10 years.

LowestHighest
Its median4.96%Industry median4.08%

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+0.3%+167.9%−65.3%7.2%
3 years+34.1%––5.6%
5 years+20.9%+11.6%+4.4%4.4%
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. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

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

Shareholding by group

  • Promoters54.90%
  • Foreign institutions13.07%
  • Indian institutions22.11%
  • Individuals and others9.92%
Holder
Oil and Natural Gas Corporation LimitedPromoter54.90%
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 −0.51 pts, Indian institutions −0.74 pts, mutual funds −0.10 pts.

Mutual fund holdings

240 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 117 of the 142 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 240 funds holding Hindustan Petroleum Corporation

Bought again
4
Added
73
Cut
69
Held unchanged
93
Sold out
5
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 29 Oct 2025.Hindustan Petroleum Corporation insider trading

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

  • Others: no market trade
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.

Hindustan Petroleum Corporation competitors and peers

Refineries & Marketing, 13 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Hindustan 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 IndustriesRELIANCE15,67,06820.971.73+14.7%−8.3%8.6%8.5%0.52%
Indian Oil Corporation logoIndian Oil CorporationIOC1,83,7885.460.84+11.6%+99.3%16.6%13.8%6.34%
Bharat Petroleum Corporation logoBharat Petroleum CorporationBPCL1,24,5157.881.23+16.5%−25.6%16.2%12.1%6.10%
Chennai Petroleum Corporation logoChennai Petroleum CorporationCHENNPETRO22,6553.971.67+21.8%+387.4%50.9%48.4%4.08%
Rajasthan Securities logoRajasthan SecuritiesRAJSEC4636.973.96–+298.7%87.1%21.1%0.00%
Kotyark Industries logoKotyark IndustriesKOTYARK39117.532.12––13.3%–1.32%
Rajputana Biodiesel logoRajputana BiodieselRAJPUTANA13913.172.78+81.3%+77.7%23.2%–0.00%
Resgen logoResgenRESGEN999.671.45––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.Hindustan Petroleum Corporation dividend history

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

14Mar 1711Mar 1811Mar 196.5Mar 2015Mar 219.3Mar 22Mar 2321Mar 2411Mar 2524Mar 26
Highest ₹24.25 a share, year to Mar 2026.
Ex-dateTypePer share
14 Aug 2026Final₹19.25
6 Nov 2025Interim₹5.00
14 Aug 2025Final₹10.50
9 Aug 2024Final₹11.00
7 Feb 2024Interim₹15.00
22 Aug 2022Final₹14.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Hindustan Petroleum Corporation announcements

Hindustan Petroleum Corporation share price by year

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

YearClose at year endChangeHighest closeLowest close
2025499.05+22.1%499.05293.75
2024408.75+53.7%448.50266.40
2023265.93+69.6%278.43142.87
2022156.77−19.6%218.63134.60
2021194.90+34.2%234.23144.43
2020145.27−17.6%179.67109.37
2019176.33+4.4%216.83141.77
2018168.83−39.5%284.03110.07
2017279.07+42.3%325.57200.00
2016196.13+58.3%213.6995.10
₹ 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 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026339.70354.00339.05354.00348.0684,04,55669.2%
26 Oct 2026330.00343.45329.60343.45339.4845,03,88444.9%
23 Oct 2026341.00343.60328.80338.30334.0765,98,43746.6%
22 Oct 2026342.40347.50339.05340.80342.2227,50,65344.9%
21 Oct 2026347.80351.45340.25347.30346.8047,22,51748.7%
19 Oct 2026344.00349.55344.00348.50347.6839,72,01058.2%
16 Oct 2026347.20347.75343.80346.00345.9024,71,42548.2%
15 Oct 2026332.00348.70331.05348.50344.441,05,45,57445.8%
14 Oct 2026327.95332.40324.95331.05329.9032,49,88051.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
21 Jun 2024Bonus0.6667Holders received 1 bonus share for every 2 held.
5 Oct 2018Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
11 Jul 2017Bonus0.6667Holders received 1 bonus share for every 2 held.
14 Sep 2016Bonus0.3333Holders received 2 bonus shares for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
Vikas Kaushal
At the end of the quarter to Jun 2026
NSE symbol
HINDPETRO
BSE code
500104
ISIN
INE094A01015
Industry
Petroleum Products
CIN
L23201MH1952GOI008858
Corporate identity number, the registrar of companies' code for it
Incorporated
1952
Registered office
17, Jamshedji Tata Road, Post Box No. 11041, Mumbai 400020, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments