CHENNPETRO

C P C L share price & financials

Price
₹1,097.8
Market cap
₹23.4k Cr
Sector
Oil, Gas & Consumable Fuels
Calls analysed
2
Latest concall · Q4 FY26 · call held 24 Apr 2026

C P C L Q4 FY26

Crude Throughput 11.71 MMT Crude Throughput 2.93 MMT GRM 9.2 $/bbl GRM 13.75 $/bbl

What went well

  • Highest ever crude throughput of 11.71 MMT for FY26, equivalent to 112% of installed capacity, breaking previous records.
  • Q4 FY26 crude throughput of 2.93 MMT, also 111% of installed capacity, demonstrating agility in operations.
  • Achieved best fuel and loss of 7.73%, best MBN of 69.8%, and best EII of 84% for FY26, driven by energy conservation and operational reliability.

What to watch

  • Uncertainties due to logistical constraints and volatility of crude oil prices continue to pose challenges.
  • Geopolitical events, including the Strait of Hormuz closure, caused short-period disturbances to 30-40% of Middle East long-term crude contracts, though suppliers assured commitments.
Read the full call →

What C P C L does

Chennai Petroleum Corporation Limited (CPCL) is a public-sector refiner and a group company of Indian Oil Corporation, operating a fully integrated fuel, lube-base-oil, wax and petrochemical-feedstock refinery complex at Manali, Chennai, plus a smaller refinery at Nagapattinam. It processes a diversified crude basket (term Middle East, spot Russian/West African, and indigenous crude) into fuels such as LPG, motor spirit, ATF, diesel and speciality products including paraffin wax, mineral turpentine oil, food/pharma-grade hexane and petrochemical feedstocks, marketed largely through IOCL. It also supplies defence and space-grade fuels (Navy NATO diesel, JP-5, missile fuel 'Vajravega' and rocket propellant 'Isrosene') and acts as a 'mother industry' feeding petrochemical feedstock to downstream units (TPL, CETEX, MPL, Kothari Petrochem, Lube Oil Base Stock unit) clustered around its Manali site.

Segments

  • Refining (Fuels)
  • Lube Base Oil & Wax
  • Petrochemicals / Feedstock
  • Speciality & Defence/Space Fuels
Installed refining capacity
10.5 MMTPA (~235,000 barrels/day)
Number of refineries
2 (Manali, Chennai; Cauvery Basin Refinery, Nagapattinam)
Crude Distillation Units
3 (CDU-I 2.8 MMT, CDU-II 3.7 MMT, CDU-III 4.0 MMT)
Nelson Complexity Index
10.03
Crude basket diversity
156 crude grades sourced across regions (term Middle East ~55%, spot Russia/West Africa ~30%, indigenous ~15%)
Total employees
1,413 (including 83 women)
Founded 1965Headquarters Chennai, Tamil Nadu, IndiaEmployees 1,413 (FY 2024-25) Company website

Guidance record · Q4 FY26

what the last two calls moved 14 tracked 5 delivered 3 missed 6 open
  • Upgrade to Schedule-A PSE delivered said Q4 FY25 Promised: Achieve Schedule-A Central Public Sector Enterprise status Q4 FY26: This status remains achieved and is a historical fact.
  • Navaratna Status went quiet said Q4 FY25 Promised: Obtain Navaratna status going forward Q4 FY26: No update provided on progress towards obtaining Navaratna status during the Q4 FY26 earnings call.
  • LOBS Project Cost open said Q4 FY26 Promised: INR 1,600 crores over 2-3 years Q4 FY26: LOBS project, Group 2, Group 3 LOBS project is INR1,600 crores. This INR2,000 crores (including retail) will happen over 2 to 3 years.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 84.8%, net profit up 1884.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue12,087 12,925 17,249 14,812 16,327 +35%15,683 +21%16,817 −3%27,369 +85%
EBITDA-675 242 785 99 1,144 +269%1,478 +511%2,036 +159%1,555 +1471%
Net profit-629 10 450 -57 732 +216%987 +9770%1,400 +211%1,017 +1884%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +116.8% 1Y

₹0.8k₹1.0k₹1.2k₹1.4k₹1.6kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 24 Apr 2026

1Y: ₹725.35 on 10 Sept 2025 → ₹1,572.9. High ₹1,626.4 (10 Sept 2026), low ₹723.6 (17 Oct 2025).

How the price took the results

close before → close after

Q4 FY26
−3.2%
24 Apr

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 6.0% a year over 3 years, FY23 to FY26. Operating margin held at 7.5%.

Year endingFY23FY24FY25FY26
Revenue₹76.7k Cr₹66.4k Cr₹59.4k Cr₹63.6k Cr
Operating profit₹5.7k Cr₹4.5k Cr₹1.0k Cr₹4.8k Cr
Operating margin7.4%6.7%1.7%7.5%
Interest₹329 Cr₹223 Cr₹245 Cr₹120 Cr
Depreciation₹574 Cr₹606 Cr₹606 Cr₹610 Cr
Net profit₹3.5k Cr₹2.7k Cr₹174 Cr₹3.1k Cr
Net margin4.6%4.1%0.3%4.8%
Cash from operations₹5.7k Cr₹2.7k Cr₹1.4k Cr₹2.9k Cr
Free cash flow₹5.3k Cr₹2.1k Cr₹667 Cr₹2.0k Cr
ROCE46.0%35.0%4.0%35.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹149 Cr₹149 Cr₹149 Cr₹149 Cr₹149 Cr₹149 Cr
Reserves₹1.3k Cr₹2.6k Cr₹6.1k Cr₹8.4k Cr₹8.7k Cr₹10.7k Cr
Borrowings₹9.2k Cr₹9.2k Cr₹4.3k Cr₹2.8k Cr₹1.9k Cr₹2.0k Cr
Other liabilities₹3.5k Cr₹5.3k Cr₹5.3k Cr₹6.8k Cr₹5.8k Cr₹7.0k Cr
Total liabilities₹14.1k Cr₹17.3k Cr₹15.9k Cr₹18.1k Cr₹16.6k Cr₹19.8k Cr
Fixed assets₹7.1k Cr₹7.0k Cr₹7.6k Cr₹7.5k Cr₹7.1k Cr₹7.2k Cr
Capital work in progress₹1.6k Cr₹1.2k Cr₹331 Cr₹210 Cr₹284 Cr₹346 Cr
Investments₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹369 Cr₹182 Cr
Other assets₹5.4k Cr₹9.1k Cr₹7.9k Cr₹10.4k Cr₹8.8k Cr₹12.1k Cr
Total assets₹14.1k Cr₹17.3k Cr₹15.9k Cr₹18.1k Cr₹16.6k Cr₹19.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +6.20 pp while the public trimmed −4.73 pp. The shareholder count shrank 26% to 1,49,620.

Promoters
67.3%
FIIs
15.0%
DIIs
1.0%
Public
16.7%

Since Jun 2025

  • FIIs +6.20 pp
  • Public −4.73 pp
  • DIIs −1.47 pp

How it drifted, 12 quarters

Over this window FIIs went from 11.4% to 15.0% — +3.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 67.3%, FIIs 11.4%, DIIs 1.8%, Public 19.6%.Dec '23: Promoters 67.3%, FIIs 14.7%, DIIs 1.2%, Public 16.8%.Mar '24: Promoters 67.3%, FIIs 15.9%, DIIs 0.8%, Public 16.1%.Jun '24: Promoters 67.3%, FIIs 15.8%, DIIs 0.8%, Public 16.1%.Sep '24: Promoters 67.3%, FIIs 16.2%, DIIs 0.3%, Public 16.3%.Dec '24: Promoters 67.3%, FIIs 11.1%, DIIs 1.8%, Public 19.8%.Mar '25: Promoters 67.3%, FIIs 10.6%, DIIs 2.2%, Public 19.9%.Jun '25: Promoters 67.3%, FIIs 8.8%, DIIs 2.5%, Public 21.4%.Sep '25: Promoters 67.3%, FIIs 8.8%, DIIs 2.6%, Public 21.3%.Dec '25: Promoters 67.3%, FIIs 12.9%, DIIs 1.0%, Public 18.8%.Mar '26: Promoters 67.3%, FIIs 12.6%, DIIs 2.1%, Public 18.0%.Jun '26: Promoters 67.3%, FIIs 15.0%, DIIs 1.0%, Public 16.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of C P C L above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Indian Oil Corporation Limited 51.89%unchanged
Naftiran Inter Trade Company Ltd 15.40%unchanged
Dolly Khanna 1.28%unchanged
ICICI Prudential Smallcap Fund Mutual fund—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in CHENNPETRO

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+1.1%).

Held by funds
₹17 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹10 Cr · 0.3% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹10 Cr+0.01 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.00 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +1,377 shares (+1.1%)

Funds are sitting on
+25%
vs est. average cost
Held by funds
₹17 Cr
5 schemes · ≈ 0.06% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹10 Cr · 0.3% of that fund

Shares held by these funds −35%

Dec '22 1.26 L shares Jul '26

All earnings calls (2)

Read the Q4 FY26 call →

Learn to analyse C P C L

Guides on how to read this kind of business and the numbers that matter.