NSE: HINDPETRO | BSE: 500104

Strong Performer

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452.50 -5.50 (-1.20%)

New 52W High in past week

1.8M NSE+BSE Volume

NSE 10 Oct, 2025 3:31 PM (IST)

96,284

Market Cap

Below industry Median

1.1

Beta 1Year

High Volatility

Hindustan Petroleum Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HINDPETRO, BSE:500104 Hindustan Petroleum Corporation Ltd.

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Hindustan Petroleum Corporation Ltd.

10 Aug 2025

452.50

-1.20%

Strong YoY growth in Q1; LPG compensation to boost rest of FY26 earnings

Buy: Hindustan Petroleum Corpor...

ICICI Securities Limited

HPCL’s Q1FY26 standalone EBITDA/PAT of INR 76bn/INR 43.7bn rose 3.6/12.3x YoY (+31/+30%QoQ), vs. I-SecE of INR 82/48.4bn, respectively.

Hindustan Petroleum Corporation Ltd. is trading above all available SMAs

Hindustan Petroleum Corporation Ltd.

10 Aug 2025

452.50

-1.20%

Inventory losses weigh on 1Q performance

Buy: Hindustan Petroleum Corpor...

Target

Motilal Oswal

HPCL’s 1QFY26 EBITDA was 9% below our est., led by lower-than-estimated GRM (USD3.1/bbl). GRM, adj. for inventory gains, stood at USD6.5/bbl.

Number of MF schemes decreased from 48 to 40 in Jun 2025 qtr

Hindustan Petroleum Corporation Ltd.

08 Aug 2025

452.50

-1.20%

Hindustan Petroleum Corporation (HPCL IN) Q1FY26 Result Update ...

Accumulate: Hindustan Petroleum Corpor...

Recommendation Target

Prabhudas Lilladhar

Under-recovery of Rs21.5bn on sale of LPG in Q1FY26 Hindustan Petroleum Corporation (HPCL) reported refining throughput of 6.66mmt during the quarter with a reported GRM of USD3.08/bbl and implied gross marketing margin (GMM) of Rs7/lit (Rs3.0/lit in Q1FY25). Due to better GRM and GMM, standalone EBITDA grew 261% YoY to Rs76bn (Ple Rs89bn, BBGe Rs81bn) but came in lower-than-estimate due to poorer-than-estimated GRM (Ple USD6.2/bbl). We believe GRMs will rebound to the long-term average...

Number of MF schemes decreased from 48 to 40 in Jun 2025 qtr

Hindustan Petroleum Corporation Ltd.

04 Jun 2025

452.50

-1.20%

HINDUSTHAN PETROLIUM CORP. LTD

Hold: Hindustan Petroleum Corpor...

Target

Geojit BNP Paribas

In FY25, gross refining margin reduced to $5.74/bbl from $9.08/bbl in FY24, owing to significant contraction in margin at Vizag, Mumbai and HPCL-Mittal Energy Ltd (HMEL) facilities to $5.63/bbl, $5.92/bbl and $9.27/bbl from $8.12 bbl, $10.35/bbl...

Hindustan Petroleum Corporation Ltd. is trading above all available SMAs

Hindustan Petroleum Corporation Ltd.

16 May 2025

452.50

-1.20%

Hindustan Petroleum Corporation (HPCL IN) Company Update -HRRL to...

Sell: Hindustan Petroleum Corpor...

Target

Prabhudas Lilladhar

HRRL or Barmer refinery, in which HPCL has 74% stake, has witnessed cost escalation from Rs431bn projected in FY18 to Rs718bn currently. The project with 9mmtpa of refining capacity and 2.4mmtpa of petrochemicals is likely to throw poor ROCE of ~3% due to high depreciation and interest burden thereof. Additionally, Brent appears to be rising, which means gross marketing margins on auto fuels have peaked. Threat of further hike in excise duty on auto fuel also remains. Structurally, the high marketing leverage that HPCL used to enjoy...

Number of FII/FPI investors increased from 663 to 712 in Jun 2025 qtr.

Hindustan Petroleum Corporation Ltd.

08 May 2025

452.50

-1.20%

Refining as well as marketing beat; new CMD takes the reins

Buy: Hindustan Petroleum Corpor...

Target

Emkay

HPCL reported better than expected Q4FY25 earnings, with SA EBITDA/PAT of Rs57.3/33.5bn – at a sizable beat, driven by better-than-expected GRMs as well as marketing margins.

Hindustan Petroleum Corporation Ltd. is trading above all available SMAs

Hindustan Petroleum Corporation Ltd.

07 May 2025

452.50

-1.20%

Hindustan Petroleum Corporation (HPCL IN) Q4FY25 Result Update ...

Sell: Hindustan Petroleum Corpor...

Target

Prabhudas Lilladhar

Hindustan Petroleum Corporation (HPCL) reported better-than-expected Q4 results with standalone EBITDA of Rs58bn (up 20.8% YoY; PLe: Rs35.6bn, BBGe:Rs40.5bn) and PAT of Rs33.5bn (up 18% YoY; PLe: Rs10.8bn, BBGe: Rs16.8bn). On the refining front, GRM came in at USD8.5/bbl. GMM stood at Rs4.6/lit, and under-recovery on sale of LPG stood at Rs33bn. The stock is trading at 1.3x FY27 P/BV. In Q1-TD, Singapore GRM has remains at USD3.6/bbl, with strength in past few days. Average marketing margins on petrol/ diesel...

Number of FII/FPI investors increased from 663 to 712 in Jun 2025 qtr.

Hindustan Petroleum Corporation Ltd.

24 Jan 2025

452.50

-1.20%

Better refining drives profitability beat; outlook steady

Buy: Hindustan Petroleum Corpor...

Target

Emkay

HPCL reported better than expected Q3FY25 earnings with EBITDA/PAT of Rs64.5/30.2bn, a 10%/19% beat, driven by better-than-expected GRMs and marketing volumes.

Number of FII/FPI investors increased from 663 to 712 in Jun 2025 qtr.

Hindustan Petroleum Corporation Ltd.

24 Jan 2025

452.50

-1.20%

Strong earning momentum to continue

Buy: Hindustan Petroleum Corpor...

Target

Motilal Oswal

HPCL’s reported 3QFY25 financial performance was significantly above our estimates, as weaker-than-expected marketing margin performance was overpowered by robust refining margins and marketing sale volumes.