Hindustan Petroleum Corporation share price
NSE: HINDPETROBSE: 500104Petroleum ProductsMid Cap
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
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹73,867 Cr126th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 51.40
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.40
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 6.99%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 2.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 1.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 1.31
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 33,45,98046.8% 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
Sales volumes
- Sales by business in the year to Mar 2026, in million tonnes (MMT); TMT is a thousandth of an MMT192021Total sales, including refinery exports, were a record 51.45 MMT, up 3.3% on the year before.
Item year to Mar 2026 Retail fuels 30.83 MMT LPG 9.41 MMT Direct sales to industry and consumers 5.9 MMT Aviation fuel 1.16 MMT Lubricants 686 TMT Natural gas 624 TMT
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
Item year to Mar 2026 Retail outlets 25,098 Compressed natural gas (CNG) stations at outlets 2,253 Electric vehicle (EV) charging, including battery swapping 5,533 LPG distributors 6,389 LPG bottling plants 55 Aviation service facilities 59 Lube blending plants 4 Pipeline network 5,440 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. Annual report, 31 Jul 2026, page 454
- 2. Annual report, 31 Jul 2026, page 5
- 3. Annual report, 31 Jul 2026, page 6
- 4. Annual report, 31 Jul 2026, page 43
- 5. Annual report, 31 Jul 2026, page 82
- 6. Investor presentation, 22 Oct 2026, page 8
- 7. Annual report, 31 Jul 2026, page 42
- 8. Annual report, 31 Jul 2026, page 135
- 9. Investor presentation, 22 Oct 2026, page 6
- 10. Annual report, 31 Jul 2026, page 164
- 11. Annual report, 31 Jul 2026, page 164
- 12. Earnings call, 23 Jul 2026, page 20
- 13. Earnings call, 23 Jul 2026, page 10
- 14. Earnings call, 23 Jul 2026, page 4
- 15. Annual report, 31 Jul 2026, page 19
- 16. Earnings call, 23 Jul 2026, page 4
- 17. Annual report, 31 Jul 2026, page 14
- 18. Annual report, 31 Jul 2026, page 82
- 19. Annual report, 31 Jul 2026, page 165
- 20. Annual report, 31 Jul 2026, page 20
- 21. Annual report, 31 Jul 2026, page 166
- 22. Annual report, 31 Jul 2026, page 68
- 23. Annual report, 31 Jul 2026, page 68
- 24. Investor presentation, 22 Oct 2026, page 31
- 25. Annual report, 31 Jul 2026, page 68
- 26. Annual report, 31 Jul 2026, page 239
- 27. Annual report, 31 Jul 2026, page 220
- 28. Annual report, 31 Jul 2026, page 14
- 29. Annual report, 31 Jul 2026, page 167
- 30. Annual report, 31 Jul 2026, page 20
- 31. Investor presentation, 22 Oct 2026, page 27
- 32. Annual report, 31 Jul 2026, page 239
- 33. Investor presentation, 22 Oct 2026, page 38
- 34. Earnings call, 23 Jul 2026, page 4
- 35. Earnings call, 23 Jul 2026, page 5
- 36. Earnings call, 23 Jul 2026, page 5
- 37. Earnings call, 23 Jul 2026, page 11
- 38. Earnings call, 23 Jul 2026, page 4
- 39. Annual report, 31 Jul 2026, page 14
- 40. Exchange filing, 19 Jan 2026, page 1
- 41. Exchange filing, 3 Jan 2026, page 1
- 42. Annual report, 31 Jul 2026, page 222
Results
Consolidated; ₹ crore.Hindustan Petroleum Corporation quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +13.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −89.7%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,39,114 Crdown 4.21%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹3,625 CrQuarter to Jun 2026: −₹12,265 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 2.6%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,19,039what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹8,431 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,18,474what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹8,841 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,20,193what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹9,368 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,10,397what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹9,541 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,24,583what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹9,429 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,23,693what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹8,756 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,45,225what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹4,641 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,39,114what Revenue, Sep 2026, includes. This period's revenue includes excise duty of ₹4,706 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 2,544 | 3,415 | 4,111 | 3,859 | 4,011 | 6,065 | −12,265 | 3,625 |
| Net margin | 2.1% | 2.9% | 3.4% | 3.5% | 3.2% | 4.9% | −8.4% | 2.6% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,78,866 Crup 2.60%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹18,047 Crup 167.93%
- Net margin
- 3.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,14,222what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹26,796 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,44,262what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹24,752 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,97,205what Revenue, Mar 2019, includes. This period's revenue includes excise duty of ₹21,732 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,87,742what Revenue, Mar 2020, includes. This period's revenue includes excise duty of ₹18,651 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,70,578what Revenue, Mar 2021, includes. This period's revenue includes excise duty of ₹37,330 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,74,127what Revenue, Mar 2022, includes. This period's revenue includes excise duty of ₹24,214 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,66,499what Revenue, Mar 2023, includes. This period's revenue includes excise duty of ₹25,789 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,61,969what Revenue, Mar 2024, includes. This period's revenue includes excise duty of ₹28,113 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,66,724what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹32,618 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,78,866what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹37,095 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 8,236 | 7,218 | 6,691 | 2,639 | 10,663 | 7,294 | −6,980 | 16,015 | 6,736 | 18,047 |
| Net margin | 3.8% | 3.0% | 2.3% | 0.9% | 3.9% | 1.9% | −1.5% | 3.5% | 1.4% | 3.8% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Downstream PetroleumDownstream Petroleum, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,78,519 Crup 2.61%99.9%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹475 Cr0.1%
Valuation
Today, against the company's own history.Hindustan Petroleum Corporation PE ratio and valuation
At or below today's level on 100.0% of 2,235 trading days over the last 10 years.
At or below today's level on 64% of 1,920 trading days since Nov 2018.
At or below today's level on 87% of 2,423 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 73
- CutCut. Funds that held fewer shares than at the end of the month before.
- 69
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 93
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
| 6,08,36,638 | 2.09% | ₹2,131.4 Cr | |
| 2,83,64,075 | 3.14% | ₹993.7 Cr | |
| 2,31,14,942 | 1.22% | ₹809.8 Cr | |
| 1,76,35,176 | 0.60% | ₹617.8 Cr | |
| 1,40,00,000 | 1.60% | ₹490.5 Cr | |
| 1,23,39,597 | 5.43% | ₹432.3 Cr | |
| 97,66,991 | 8.28% | ₹342.2 Cr | |
| 95,01,300 | 0.44% | ₹332.9 Cr | |
| 85,00,000 | 1.06% | ₹297.8 Cr | |
| 75,06,338 | 1.52% | ₹263.0 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 15,67,068 | 20.97 | 1.73 | +14.7% | −8.3% | 8.6% | 8.5% | 0.52% | |
| 1,83,788 | 5.46 | 0.84 | +11.6% | +99.3% | 16.6% | 13.8% | 6.34% | |
| 1,24,515 | 7.88 | 1.23 | +16.5% | −25.6% | 16.2% | 12.1% | 6.10% | |
| 22,655 | 3.97 | 1.67 | +21.8% | +387.4% | 50.9% | 48.4% | 4.08% | |
| 463 | 6.97 | 3.96 | – | +298.7% | 87.1% | 21.1% | 0.00% | |
| 391 | 17.53 | 2.12 | – | – | 13.3% | – | 1.32% | |
| 139 | 13.17 | 2.78 | +81.3% | +77.7% | 23.2% | – | 0.00% | |
| 99 | 9.67 | 1.45 | – | – | 15.0% | – | 0.00% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 14 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹19.25 |
| 6 Nov 2025 | Interim | ₹5.00 |
| 14 Aug 2025 | Final | ₹10.50 |
| 9 Aug 2024 | Final | ₹11.00 |
| 7 Feb 2024 | Interim | ₹15.00 |
| 22 Aug 2022 | Final | ₹14.00 |
Latest announcements
Routine notices left out.Hindustan Petroleum Corporation announcements
Oct 2026
22 Oct
22 Oct · Results
14 Oct · Analysts
12 Oct · Analysts
12 Oct · Board meeting
Hindustan Petroleum Corporation annual report, year to Mar 2026
Hindustan Petroleum Corporation share price by year
Each calendar year to 2025.Hindustan Petroleum Corporation share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 499.05 | +22.1% | 499.05 | 293.75 |
| 2024 | 408.75 | +53.7% | 448.50 | 266.40 |
| 2023 | 265.93 | +69.6% | 278.43 | 142.87 |
| 2022 | 156.77 | −19.6% | 218.63 | 134.60 |
| 2021 | 194.90 | +34.2% | 234.23 | 144.43 |
| 2020 | 145.27 | −17.6% | 179.67 | 109.37 |
| 2019 | 176.33 | +4.4% | 216.83 | 141.77 |
| 2018 | 168.83 | −39.5% | 284.03 | 110.07 |
| 2017 | 279.07 | +42.3% | 325.57 | 200.00 |
| 2016 | 196.13 | +58.3% | 213.69 | 95.10 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 339.70 | 354.00 | 339.05 | 354.00 | 348.06 | 84,04,556 | 69.2% |
| 26 Oct 2026 | 330.00 | 343.45 | 329.60 | 343.45 | 339.48 | 45,03,884 | 44.9% |
| 23 Oct 2026 | 341.00 | 343.60 | 328.80 | 338.30 | 334.07 | 65,98,437 | 46.6% |
| 22 Oct 2026 | 342.40 | 347.50 | 339.05 | 340.80 | 342.22 | 27,50,653 | 44.9% |
| 21 Oct 2026 | 347.80 | 351.45 | 340.25 | 347.30 | 346.80 | 47,22,517 | 48.7% |
| 19 Oct 2026 | 344.00 | 349.55 | 344.00 | 348.50 | 347.68 | 39,72,010 | 58.2% |
| 16 Oct 2026 | 347.20 | 347.75 | 343.80 | 346.00 | 345.90 | 24,71,425 | 48.2% |
| 15 Oct 2026 | 332.00 | 348.70 | 331.05 | 348.50 | 344.44 | 1,05,45,574 | 45.8% |
| 14 Oct 2026 | 327.95 | 332.40 | 324.95 | 331.05 | 329.90 | 32,49,880 | 51.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 21 Jun 2024 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 5 Oct 2018 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 11 Jul 2017 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 14 Sep 2016 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
Company details
- NSE symbol
- HINDPETRO
- BSE code
- 500104
- ISIN
- INE094A01015
- Industry
- Petroleum Products
- Website
- www.hindustanpetroleum.com
- 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