Hindustan Oil Exploration Company
- Market cap
- ₹ 2,123 Cr.
- P/E
- 80.7x
- P/B
- 1.57x
- 52-week range
- 117.5 – 201.44
- ROE
- 2%
- ROCE
- 3%
- Dividend yield
- 0%
- Debt / equity
- 0.04
- Sector
- Oil
- Industry
- Oil Exploration & Production
- Listed on
- NSE, BSE
About
Hindustan Oil Exploration Company Limited is an India-based oil and gas company. The Company is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. Its asset portfolio consists of approximately 10 oil and gas blocks of discovered resources and one exploratory block. The Company's operations include Dirok, Kharsang, Umatara, Greater Dirok, B-80, PY-1, Asjol, North Balol, and Palej. Kharsang Oil field, situated in Arunachal Pradesh, produces sweet crude from multiple shallow Reservoir intervals of the Upper Girujan Formation. Umatara is located at an approximate distance of 55 Km south-west of Duliajan, in the district of Dibrugarh and consists of Umatara field and South Rajgarh field. It operates three marginal fields in the Cambay Basin: Asjol, North Balol, and CB-ON-7 (Palej). Its subsidiaries include Hindage Oilfield Services Limited and Geopetrol International Inc., among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Oil Exploration & Production: 7 companies →Hindustan Oil Exploration Company against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)80.7 against a typical 45.1: pricier than most peers (1st = cheapest).5th of 6
- Sales growth+45.2% against a typical +53.6% from a year earlier.5th of 6
- Profit growth−85.8% against a typical +96.7% from a year earlier.5th of 5
- Share price, 3 months−2.2% against a typical −2.2%.4th of 7
- Size₹ 2,122.6 Cr. market value against a typical ₹ 3,986.6 Cr. (1st = largest).6th of 7
Latest announcements
Exchange filings and their impact on the company.
- HOEC took over ownership and operations of the Dirok gas processing plant, gaining control to expand capacity for new wells.
HOEC, as operator of the Dirok field for JV partners Oil India and Indian Oil, has signed a definitive agreement to take over ownership and operations of the Hollong Modular Gas Processing Plant from Expro North Sea UK. Operations and all existing plant employees transferred to HOEC from October 14, 2026. The move lets the JV expand plant capacity for three newly approved wells and future North Dirok and Greater Dirok volumes and carry out efficiency modifications.
- HOEC announced an orderly CFO succession with no expected business disruption.
Hindustan Oil Exploration Company said its board on October 13, 2026 appointed Debabrata Das, a chartered accountant with over 20 years experience in energy and infrastructure finance, as Chief Financial Officer from October 16, 2026. Outgoing CFO Allen Joseph Andrade steps down for personal reasons effective October 15, 2026 but will continue as Financial Advisor supporting from Mumbai. With an immediate successor and continued advisory support, the transition is expected to ensure continuity with no impact on operations or finances.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND A | Stable | 7 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Nov 2025 | Rating action | IND A | — | India Ratings | ₹ 500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 11 Jun 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the quarter ended December 31, 2025 and other business matters |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 14 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 28 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 113 | 179 | 290 | 136 | 95 | 147 | 43 | 79 | 315 | 75 | −206 | 114 |
| Expenses | 45 | 108 | 215 | 74 | 63 | 73 | 39 | 46 | 292 | 48 | −233 | 109 |
| Operating Profit | 68 | 71 | 75 | 62 | 32 | 74 | 5 | 32 | 23 | 27 | 27 | 6 |
| OPM % | 60.3% | 39.5% | 25.8% | 45.8% | 33.4% | 50.5% | 11% | 40.9% | 7.2% | 36.2% | — | 4.8% |
| Other Income | 3 | 10 | 37 | 11 | 5 | 4 | 57 | 35 | 2 | 4 | 7 | 20 |
| Interest | 8 | 7 | 6 | 6 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 3 |
| Depreciation | 18 | 21 | 20 | 18 | 18 | 20 | 22 | 18 | 17 | 20 | 20 | 16 |
| Profit before tax | 44 | 51 | 85 | 49 | 13 | 52 | 36 | 45 | 4 | 7 | 9 | 7 |
| Tax % | 2.1% | 9.4% | 17.1% | 13.6% | 19.3% | 17.4% | −43.8% | 1.9% | 28.7% | −20.7% | 13.8% | 4.9% |
| Net Profit | 43 | 47 | 71 | 42 | 11 | 43 | 51 | 44 | 3 | 8 | 8 | 6 |
| EPS in Rs | 3.27 | 3.52 | 5.34 | 3.17 | 0.82 | 3.28 | 3.87 | 3.32 | 0.21 | 0.63 | 0.59 | 0.47 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 19%
- 5 Years
- 18%
- 3 Years
- −22%
- TTM
- −18%
- 10 Years
- 52%
- 5 Years
- −1%
- 3 Years
- −46%
- TTM
- −79%
- 10 Years
- 12%
- 5 Years
- −1%
- 3 Years
- −2%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 12%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hindustan Oil Exploration Company | ₹ 153.50 | ₹ 2,123 Cr. | 80.7x | 1.6x | 2% | — |
| Reliance Industries | ₹ 1,190.00 | ₹ 16,10,372 Cr. | 22.2x | 2x | — | 7.7% |
| Oil and Natural Gas Corporation | ₹ 226.00 | ₹ 2,84,314 Cr. | 7.5x | 0.8x | 11.6% | 7.5% |
| Oil India | ₹ 446.10 | ₹ 72,563 Cr. | 10.7x | 1.2x | 12.3% | 20.4% |
| Petronet LNG | ₹ 285.95 | ₹ 44,250 Cr. | 10.5x | 1.8x | 18.6% | 9% |
| Castrol India | ₹ 194.80 | ₹ 19,268 Cr. | 18.9x | 9.6x | — | 16.4% |
Management
- Baroruchi Mishra
- Chief Executive Officer, Managing Director, Executive Director
- Allen Andrade
- Chief Financial Officer
- G. Josephin Daisy
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.