Hindustan Oil Exploration Co. Ltd.

BSE: HINDOILEXP500186ISIN INE345A01011

Energy
Oil Exploration & Production
BSE 1000

Share price

₹155.90+4.45 (+2.94%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹201.65
52W low: ₹117.80
Off 52W high: -22.69%
1M return: -5.49%
3M return: -1.64%
6M return: +1.33%
1Y return: +2.16%
20D avg volume: 21,864
50 DMA: ₹169.65
200 DMA: ₹157.43

Key ratios Consolidated

Market cap: ₹2,062 Cr
Current price: ₹155.90
52W high / low: ₹201.65 / ₹117.80
Face value: ₹10.00
P/E: 82.11
P/B: 1.49
EPS (TTM): ₹1.90
Book value / share: ₹104.70
ROE: —
ROCE: 4.20%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹29.95 Cr
Interest cover: 12.62
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 536.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	114.18	-205.89	75.38	315.01	78.65	43.39	146.52	94.81	136.15	289.61	179.07	112.83
	20.16	6.71	3.73	2.40	2.85	57.08	3.67	4.77	10.60	3.00	9.52	2.66
	134.34	199.18	79.11	317.41	81.51	100.47	150.19	99.58	146.75	292.62	188.59	115.49
	127.79	208.19	72.25	313.44	69.29	64.90	97.73	86.17	98.25	241.54	137.20	69.46
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	1.03	3.44	0.86	0.46	0.46	0.25	0.70	0.58	0.69	0.48	0.58	0.49
	0.94	1.17	1.39	1.40	1.60	0.84	2.99	3.12	3.64	4.13	5.24	5.99
	15.84	20.19	19.90	16.94	18.36	21.71	19.86	17.58	18.47	20.27	21.33	18.37
	67.98	117.50	72.18	67.15	64.36	117.22	6.54	3.89	4.68	7.92	3.88	8.65
	6.55	9.01	6.86	3.97	12.22	35.58	52.47	13.40	48.50	51.07	51.39	46.03
	0.00	0.00	0.00	0.00	32.52	0.00	0.00	0.00	0.00	32.87	0.00	0.00
	6.55	9.01	6.86	3.97	44.74	35.58	52.47	13.40	48.50	83.94	51.39	46.03
	0.32	1.24	-1.42	1.14	0.87	-15.58	9.15	2.59	6.58	14.59	4.82	0.92
	6.24	7.77	8.28	2.83	43.87	51.16	43.32	10.81	41.92	70.61	46.57	43.18
	0.47	0.59	0.63	0.21	3.32	3.87	3.28	0.82	3.17	5.34	3.52	3.26
Key metrics
	23.33	30.37	28.15	22.31	64.70	58.13	75.32	34.10	70.61	108.34	77.96	70.39
	20.40%	-14.80%	37.30%	7.10%	82.30%	134.00%	51.40%	36.00%	51.90%	37.40%	43.50%	62.40%
	5.50%	-3.80%	11.00%	0.90%	55.80%	117.90%	29.60%	11.40%	30.80%	24.40%	26.00%	38.30%
	—	0.60%	—	0.30%	—	2.20%	—	—	—	—	—	—
	45.20%	-574.50%	-48.60%	232.30%	-42.20%	-85.00%	-18.20%	-16.00%	—	—	—	—
	-85.80%	-84.80%	-80.90%	-73.80%	4.70%	-27.50%	-7.00%	-75.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	298.68	263.15	420.87	749.13	558.91	155.72
	33.00	15.69	76.12	18.68	8.80	11.46
	730.04	278.84	496.99	767.81	567.71	167.19
	721.67	246.79	347.04	552.15	358.31	112.24
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	5.79	5.22	2.21	1.73	0.94	0.93
	4.90	5.56	10.59	22.39	30.16	9.22
	72.87	75.38	77.62	80.02	73.70	26.21
	324.81	321.19	399.25	20.40	34.52	8.85
	26.39	32.06	149.95	215.66	209.40	54.95
	0.00	32.52	0.00	32.87	-12.22	-34.37
	26.39	64.58	149.95	248.53	197.18	20.58
	1.28	1.83	2.74	21.86	3.24	0.31
	25.12	62.75	147.21	226.43	194.05	19.99
	1.90	4.74	11.13	17.12	14.67	1.51
Key metrics
	104.16	145.52	238.16	350.94	301.04	56.01
	34.87%	55.30%	56.60%	46.80%	53.90%	36.00%
	8.41%	23.80%	35.00%	30.20%	34.70%	12.80%
	—	4.20%	9.90%	—	—	—
	-17.80%	-37.50%	-43.80%	34.00%	258.90%	—
	-83.16%	-57.40%	-35.00%	16.70%	870.70%	—
	—	2.63	128.17	—	—	—
	—	2.83	1.09	—	—	—
	—	0.04	0.09	—	—	—
	—	29.95	106.36	—	—	—
	—	536.3	162.3	—	—	—
Balance sheet
	—	2,171	1,962	—	—	—
	—	533.35	622.33	—	—	—
	—	19.81	14.22	—	—	—
	—	30.16	120.55	—	—	—
	—	393.72	210.14	—	—	—
	—	15.26	22.34	—	—	—
	—	1,435	1,177	—	—	—
	—	37.21	143.43	—	—	—
	—	482.98	343.29	—	—	—
	—	49.76	120.58	—	—	—
	—	36.43	72.94	—	—	—
	—	13.33	47.64	—	—	—
	—	1,385	1,321	—	—	—
Cash flow
	—	177.84	160.70	—	—	—
	—	-92.68	-82.59	—	—	—
	—	-79.55	-77.69	—	—	—
	—	175.21	32.53	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	107.62	209.60	71.66	311.21	76.60	125.32	63.27	47.42	65.16	213.02	95.05	65.79
	19.37	6.29	6.20	6.89	5.38	53.70	6.79	6.58	12.31	7.45	11.61	5.05
	126.99	-203.31	77.86	318.10	81.98	179.02	70.06	54.01	77.47	220.47	106.66	70.84
	114.45	233.71	65.90	299.06	66.28	48.01	65.13	52.90	66.08	201.38	101.84	32.09
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.71	3.29	0.27	0.19	0.19	0.02	0.23	0.13	0.23	0.08	0.13	0.09
	0.53	0.62	0.89	0.84	0.97	1.39	1.36	1.55	1.68	2.09	2.84	5.53
	5.99	8.30	8.20	6.08	7.74	12.11	7.01	4.77	5.61	6.15	6.95	4.77
	66.28	103.73	78.34	64.39	72.61	110.57	0.66	1.59	3.25	4.11	2.31	4.59
	12.54	30.40	11.96	19.04	15.69	131.01	4.93	1.11	11.39	19.10	4.82	38.75
	0.00	0.00	0.00	0.00	32.52	0.00	—	—	—	—	—	—
	12.54	30.40	11.96	19.04	48.21	131.01	4.93	1.11	11.39	19.10	4.82	38.75
	0.00	0.00	0.00	0.00	0.00	1.00	—	—	—	—	—	—
	12.54	30.40	11.96	19.04	48.21	130.01	4.93	1.11	11.39	19.10	4.82	38.75
	0.95	2.30	0.90	1.44	3.65	9.83	0.37	0.08	0.86	1.44	0.36	2.93
Key metrics
	19.06	39.32	21.05	25.96	56.92	144.51	13.30	7.43	18.68	27.34	14.61	49.05
	17.70%	18.80%	29.40%	8.30%	74.30%	115.30%	21.00%	15.70%	28.70%	12.80%	15.40%	74.60%
	11.70%	14.50%	16.70%	6.10%	62.90%	103.70%	7.80%	2.30%	17.50%	9.00%	5.10%	58.90%
	—	2.20%	—	1.40%	—	9.80%	—	—	—	—	—	—
	40.50%	67.30%	13.30%	556.30%	17.60%	-41.20%	-33.40%	-27.90%	—	—	—	—
	-74.00%	-76.60%	142.60%	1,615.30%	323.30%	580.70%	2.30%	-97.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	700.09	249.86	306.07	464.00	381.05	130.50
	38.75	24.76	78.91	32.65	27.91	16.80
	319.64	274.62	384.98	496.64	408.96	147.31
	713.12	197.53	236.51	412.64	245.29	77.12
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	4.46	3.94	0.67	0.44	0.65	0.63
	2.88	3.32	5.98	13.85	24.23	7.46
	28.57	30.32	30.39	26.72	27.65	14.85
	312.74	319.06	341.91	11.40	17.60	6.68
	73.94	77.09	148.47	84.01	163.67	70.19
	0.00	32.52	0.00	—	—	-34.37
	73.94	109.61	148.47	84.01	163.67	35.83
	0.00	0.00	1.00	—	—	—
	73.94	109.61	147.47	84.01	163.67	35.83
	5.59	8.29	11.15	6.35	12.37	2.71
Key metrics
	105.39	143.25	184.84	124.58	215.55	58.14
	15.05%	57.30%	60.40%	26.80%	56.60%	44.60%
	10.56%	43.90%	48.20%	18.10%	43.00%	27.50%
	—	7.80%	11.50%	—	—	—
	123.95%	-18.40%	-34.00%	21.80%	192.00%	—
	-59.87%	-25.70%	75.50%	-48.70%	356.80%	—
	—	-29.25	101.31	—	—	—
	—	1.46	0.69	—	—	—
	—	0.02	0.04	—	—	—
	—	12.23	42.26	—	—	—
	—	472.6	117.9	—	—	—
Balance sheet
	—	1,995	1,622	—	—	—
	—	686.52	642.95	—	—	—
	—	14.20	7.28	—	—	—
	—	27.02	25.69	—	—	—
	—	389.45	207.31	—	—	—
	—	1.75	3.19	—	—	—
	—	1,063	773.40	—	—	—
	—	92.94	134.09	—	—	—
	—	555.63	274.67	—	—	—
	—	26.43	49.54	—	—	—
	—	26.43	25.00	—	—	—
	—	0.00	24.54	—	—	—
	—	1,270	1,159	—	—	—
Cash flow
	—	159.87	101.31	—	—	—
	—	-126.50	-72.01	—	—	—
	—	-26.42	-30.47	—	—	—
	—	189.12	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -13.12%
Sales CAGR 5Y: —
Profit CAGR 3Y: -12.51%
Profit CAGR 5Y: —
Sales YoY (TTM): +123.95%
Profit YoY (TTM): -59.87%

Consolidated

Sales CAGR 3Y: -22.20%
Sales CAGR 5Y: —
Profit CAGR 3Y: -31.36%
Profit CAGR 5Y: —
Sales YoY (TTM): -17.80%
Profit YoY (TTM): -83.16%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 0.00%

Quarter	September 2026	June 2026
Promoter %	0.00%	0.00%

Holder	Type	Holding	Previous	Change
Ashok Kumar Goel (In capacity of Trustee - Ashok Goel Trust)	Public	13.96%	13.96%	0.00%
LCI Estates LLP	Public	6.13%	6.13%	0.00%
Dhoot Industrial Finance Ltd	Public	4.69%	4.69%	0.00%
Poddar Pigments Limited	Public	3.78%	3.78%	0.00%
Vijai Shree Private Limited	Public	3.49%	3.49%	0.00%
Ramasamy Jeevanandam	Public	3.17%	3.17%	0.00%
Rohit Rajgopal Dhoot (In capacity of Trustee - Dhoot Rohit Kumar Family Trust I)	Public	2.29%	2.29%	0.00%
Sapna Pennam	Public	1.42%	1.42%	0.00%
Gks Holdings Private Limited	Public	1.26%	1.26%	0.00%
Leather Crafts India Private Limited	Public	1.23%	1.18%	+0.05%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Oil And Natural Gas Corporation Ltd	2,95,070	234.55	6.59	12.50%	+6.95% TTM	+11.78% TTM	-7.07%
Oil India Limited	74,027	455.10	7.77	9.10%	+15.81% TTM	+34.81% TTM	+5.48%
Vedanta Oil and Gas Limited	12,095	30.93	—	—	—	—	—
Antelopus Selan Energy Limited S	3,410	965.00	19.11	15.90%	+82.86% TTM	+210.11% TTM	+74.01%
Prabha Energy Limited	2,850	194.50	2,536.35	0.10%	—	—	—
Hindustan Oil Exploration Co. Ltd.	2,062	155.90	82.11	4.20%	-17.80% TTM	-83.16% TTM	+2.16%
Gujarat Natural Resources Limited	1,630	106.23	84.37	6.50%	+93.64% TTM	+812.92% TTM	+16.29%

Filings & corporate actions

Recent announcements

Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 is attached herewith.2 Nov 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
The Earnings Call Invite with respect to the unaudited financial results of the Company for the quarter and half year ended September 30, 2026 is enclosed.2 Nov 2026 · Company Update / Analyst / Investor Meet
Hindustan Oil Exploration Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve unaudited ....2 Nov 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for LCI Estates LLP & Others22 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Intimation regarding Acquisition of the Assam Gas Plant by the Company at Dirok, Assam is attached herewith.14 Oct 2026 · Company Update / General
Outcome of the Board Meeting held on October 13, 2026 regarding change in KMP is attached herewith.13 Oct 2026 · Company Update / Change in Management
Outcome of the Board Meeting held on October 13, 2026 regarding change in KMP13 Oct 2026 · Others / Outcome without intimation
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended September 30, 2026 is attached herewith.9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding closure of trading window for the quarter and half year ending September 30, 2026 is attached herewith.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
E-Voting results of 42nd AGM along with Scrutinizer''s report is submitted herewith.25 Sep 2026 · AGM/EGM / AGM
Outcome of 42nd AGM held on September 25, 2026 is attached herewith.25 Sep 2026 · AGM/EGM / AGM
Pursuant to the Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is issuing this Corrigendum to the Annual Report for FY 2025-26 incorporating ....18 Sep 2026 · Others / Reg. 34 (1) Annual Report
Newspaper advertisement regarding Notice of 42nd AGM, Book Closure, Cut-Off date and E-Voting information is submitted herewith.3 Sep 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Reporting for the FY 2025-26 which forms part of the Annual Report FY 2025-26 is attached herewith.2 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
AGM and Book Closure Notice is submitted herewith2 Sep 2026 · Corp. Action / Book Closure
Pursuant to Regulation 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we are submitting herewith ....2 Sep 2026 · Others / Reg. 34 (1) Annual Report
The 42nd AGM of the Company is scheduled to be held on Friday, September 25, 2026 at 11.00 A.M. through VC/OAVM. Notice of the 42nd AGM is attached herewith.2 Sep 2026 · AGM/EGM / AGM
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find attached the announcement on the Award of Contract Area MB/OSDSF/MUMBAI OFFSHORE/2025 under the Discovered Small ....1 Sep 2026 · Company Update / General
Newspaper Advertisement intimating the 42nd Annual General Meeting of the Company is submitted herewith.29 Aug 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 please find attached the Transcript of the Earnings call for the Q1 FY 2026-27 held on August 13, 2026.20 Aug 2026 · Company Update / Earnings Call Transcript
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 please find attached the Transcript of the Earnings Call for the Q1 FY 2026-27 held on August 13, 2026.20 Aug 2026 · Company Update / Analyst / Investor Meet
Clarification regarding media report concerning proposed drilling activities in PY-1 Offshore Field, Cauvery Basin19 Aug 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the Earnings Call held on August 13, 2026, with respect ....13 Aug 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 47 of SEBI(LODR) Regulations, 2015, the copy of Newspaper advertisement published in Business Standard, Business Line and Loksatta pertaining to the financial results ....13 Aug 2026 · Company Update / Newspaper Publication
Update on Block B-80 is attached herewith13 Aug 2026 · Company Update / General
In connection with the Earnings call scheduled on August 13, 2026, please find attached the Earnings presentation.13 Aug 2026 · Company Update / Investor Presentation
Board''s comments on fine levied by the Stock Exchanges for non-compliance with Regulation 33 of SEBI (LODR) Regulations, 2015 is attached herewith.12 Aug 2026 · Company Update / General
Outcome of the Board Meeting held on August 12, 2026 and unaudited financial results for the quarter ended June 30, 202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
The Earnings Call Invite with respect to the unaudited financial results of the Company for the quarter ended June 30, 2026 is enclosed.10 Aug 2026 · Company Update / Analyst / Investor Meet
Hindustan Oil Exploration Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve the unaudited ....6 Aug 2026 · Board Meeting / Board Meeting
Result of Postal Ballot (Remote E-Voting) as per Regulation 44 of SEBI (LODR) Regulations 2015 and Scrutinizer''s Report is attached herewith.24 Jul 2026 · AGM/EGM / Postal Ballot
Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, the details as required under Clause 20 Para-A of Part-A of Schedule III is attached herewith.17 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended June 30, 2026 is attached herewith.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 30 - Imposition of fine by Stock Exchanges for delay in submission of financial results.1 Jul 2026 · Company Update / General
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, read with Company''s code of conduct for regulating, monitoring and reporting of trading ....30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
In continuation of our intimation dated June 23, 2026, we hereby submit copies of newspaper advertisement regarding dispatch of Postal Ballot Notice dated June 11, 2026 and Remote E-Voting ....24 Jun 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot notice intimation is attached herewith.23 Jun 2026 · AGM/EGM / Postal Ballot
Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, please find attached the Transcript of the Earnings Call for the Q4 FY 2025-26 held on June 12, 2026.19 Jun 2026 · Company Update / Earnings Call Transcript
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 please find attached the Transcript of the Earnings Call for the Q4 FY 2025-26 held on June 12, 2026.19 Jun 2026 · Company Update / Analyst / Investor Meet
Disclosure pursuant to Reg.30 of SEBI (LODR) Regulations, 2015 is attached herewith.14 Jun 2026 · Company Update / General

Board meetings

6 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results