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H P C L share price & results

H P C L· Oil, Gas & Consumable Fuels· Energy

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

State refiner and India's 2nd-largest LPG marketer, running refineries, pipelines and 25,098 retail outlets.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,34,434 ₹ crore+33.4% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin7.0 %0.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit3,483 ₹ crore−9.1% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity2.73 %+17.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin6.34 %+5.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)16.94 %+1.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

6 of 9 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

H P C L management guidance track record on Inve: 20 targets tracked across analysed earnings calls (6 achieved, 3 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Standalone Debt Equity Ratioend the debt equity between 1 to 1.1 by end of FY26
Call transcript, Q4 FY25 · 7 May 2025		Q4 FY25Q1 FY27:The promise for FY26 remains achieved. The ratio has since deteriorated sharply to 1.5 in Q1 FY27 due to significant losses.
Call transcript, Q1 FY27 · 23 Jul 2026		Achieved
EBITDAINR 40,000 crores (12-month running)
Call transcript, Q2 FY26 · 31 Oct 2025		Q2 FY26Q1 FY27:The INR 40,000 crore running EBITDA target was not mentioned again, especially in a quarter with significant reported losses. The promise remains ghosted.
Call transcript, Q1 FY27 · 23 Jul 2026		Ghosted
VRMP GRM Benefit$2-$3 per barrel
Call transcript, Q4 FY25 · 7 May 2025		Q4 FY25Q1 FY27:The RUF (VRMP) unit continues to face stabilization issues. Management is hoping for a 'good run' this quarter and full stabilization next quarter. The target GRM benefit of $2.5/bbl is not yet realized and is at risk until the unit is fully stable.
Call transcript, Q1 FY27 · 23 Jul 2026		At Risk

Source: Inve Guidance Tracker for H P C L · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of H P C L's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹343.45 +1.52% · +₹5.15

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −21.7% 1Y

₹350₹400₹450₹500Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 22 Jan 2026Q4 FY26 — 13 May 2026Q1 FY27 — 23 Jul 2026

1Y: ₹438.45 on 24 Oct 2025 → ₹343.45. High ₹499.05 (31 Dec 2025), low ₹319.15 (23 Mar 2026).

Previous close
₹338.3
Market cap
₹75.6k Cr
52-week range
₹319.15 – ₹499.05
One year
−24.31%
Price to earnings (TTM to Sept 2026)
52.68×
Return on equity (TTM to Sept 2026)
2.73%

Overview

Symbol
NSE:HINDPETRO
Industry
Energy
Exchange
NSE
Currency
INR

What H P C L does

Based on the company's own presentations, annual report and earnings calls.

Hindustan Petroleum Corporation Limited (HPCL) is a Maharatna public-sector oil & gas company that refines crude oil at its own refineries in Mumbai and Visakhapatnam, and markets petroleum products, LPG, lubricants and natural gas across India. It moves fuel through a cross-country pipeline network and sells it via a nationwide chain of retail outlets, LPG distributorships and industrial/institutional customers. HPCL also holds equity stakes in refining and pipeline joint ventures (HMEL, MRPL, HRRL, GAIL-promoted gas pipeline JVs) and runs an in-house R&D centre developing refinery catalysts, fuel additives and process technologies. It is expanding into petrochemicals, city gas distribution, biofuels, green hydrogen and renewable power (wind and solar) as part of its energy-transition strategy.

Segments

  • Refining
  • Marketing
  • Pipelines
  • Natural Gas
  • Renewables & Biofuels
Retail outlets
25,098
LPG distributorships
6,389
LPG consumers served
~99 million
Total refining capacity (own + JV)
35.8 MMTPA (24.5 MMTPA own, 11.3 MMTPA via HMEL JV)
Cross-country pipeline network
5,440 km across 17 pipelines
Supply terminals, TOPs & depots
80
Founded 1952Headquarters Mumbai, Maharashtra, IndiaEmployees 8,049 (FY2024-25 (as of 31 Marc) Company website

How the price took the results

close before → close after

Q1 FY27
−2.5%
23 Jul
Q4 FY26
+5.5%
13 May
Q3 FY26
−0.3%
22 Jan
Q2 FY26
+1.3%
31 Oct

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.

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