COMPANY INTELLIGENCE PROFILE
Hindustan Petroleum Corporation Limited
Government of India Maharatna PSU; one of India's largest oil refining and fuel marketing companies, majority-owned by ONGC.
Hindustan Petroleum Corporation Limited is a Government of India Maharatna PSU and a leading oil refining and fuel marketing company, majority-owned by ONGC. It operates major refineries in Mumbai and Visakhapatnam and has an extensive fuel retail network. For the fiscal year 2025-26, it reported a consolidated revenue of approximately ₹4,78,543 crore and a consolidated PAT of ₹18,047 crore. It is actively listed on NSE and BSE.
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Business Overview
- Maharatna PSU engaged in refining of crude oil and marketing of petroleum products.
- Operates major refineries at Mumbai and Visakhapatnam, plus the Rajasthan, Barmer/Pachpadra, refinery under HRRL.
- Extensive fuel retail network, LPG (HP Gas), lubricants, with global brand, petrochemicals, natural gas/CGD, and biofuels.
- FY26 avg Gross Refining Margin US$8.79/bbl, vs US$5.74 in FY25., Sources: hindustanpetroleum.com, psuconnect, business-standard
Sector & Classification
Manufacture of coke and refined petroleum products; NIC section C5 (Manufacturing) — oil refining & marketing (source: thecompanycheck)
Directors & Key Management
Directors — source notes
DINs confirmed where noted. Vikas Kaushal — Chairman & Managing Director, DIN 10993007 (appointed 17 Mar 2025; first private-sector exec to head the company) [Trendlyne]. Rajneesh Narang — Whole-time/Executive Director, DIN 08188549 [Tofler]. Amit Garg — Whole-Time Director, DIN 08515246 [Tofler]. Bharathan Shunmugavel — Whole-Time Director, DIN 09561481 [Tofler]. Pankaj Kumar — Nominee/Non-Executive Director, DIN 09252235 [Tofler]. DINs not obtained for: Suresh Kasargod Shetty (Whole-Time Director), Abhay Sharma, K S Narendiran, Bechan Lal, Sharda Singh Kharwar, Vivekananda Biswal (Independent Directors), Vinod Seshan (Non-Executive). (Sources: Tofler, thecompanycheck, Trendlyne)
GST Registrations
PAN: AAACH1118B. Home state: Maharashtra. Primary Maharashtra GSTIN 27AAACH1118B1ZC — Active, Public Sector Undertaking, registered 01 Jul 2017, principal place Mumbai 400022 [knowyourgst]. Other Maharashtra registrations seen: 27AAACH1118B3ZA, 27AAACH1118B2ZB, 27AAACH1118B1DL. Total ~82 GST registrations across states (pan-India presence) [mastersindia/knowyourgst]. Status: Active.
Financials
Hindustan Petroleum Corporation Limited reported consolidated revenue of ₹4,78,543 crore for FY2025-26, a 2.62% increase year-on-year. Consolidated PAT reached ₹18,047 crore, with standalone PAT at ₹17,175 crore, up 133%. EBITDA was ₹33,182 crore. The company's debt-equity ratio improved to 0.80x. A final dividend of ₹19.25 per share was declared.
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| Consolidated FY2025-26, year ended 31 Mar 2026: Revenue from operations ~₹4,78,543 crore, ≈₹4,785 bn, +2.62% YoY vs ₹4,66,346 cr FY25. | |
| Consolidated PAT | ₹18,047 crore, vs ₹6,736 cr FY25. |
| Standalone PAT | ₹17,175 crore, vs ₹7,365 cr FY25, +133%. |
| EBITDA (standalone) | ₹33,182 crore. |
| Total consolidated assets | ₹2,03,039 crore, vs ₹1,94,745 cr. |
| Equity | ₹65,556 crore. |
| Borrowings, non-current + current, ₹47,599 crore | |
| Long-term borrowings | ₹32,246 cr |
| Debt-equity | 0.80x (from 1.38x). Final dividend ₹19.25/share declared., Sources: psuconnect, psuwatch, business-standard, renewablewatch — 2+ agree; standalone vs consolidated stated |
Funding History
- Not a startup — funded via internal accruals, public equity (listed), and debt.
- Board approved a ₹10,000 crore fundraising plan, reported Aug 2025.
- Board also recommended a bonus equity issue (2025).
- No venture/PE rounds., Sources: business-standard, hindustanpetroleum.com
Loans & Charges
- Open/registered charges ~₹11,009 crore
- Satisfied charges ₹4,102.75 crore
- ~13 total charge records, lenders/consortium banks & financial institutions., Source: thecompanycheck — partial, single source
Credit Ratings
- CRISIL: 'CRISIL AAA/Stable / CRISIL A1+' reaffirmed 30 May 2025. ICRA: '[ICRA]AAA (Stable) / [ICRA]A1+' per 21 May 2026 rationale. Highest safety category. CARE rating not obtained., Sources: crisil.com, icra.in — confirmed
Legal & Compliance
- Established PSU with routine commercial/property/dealership litigation. Notable Supreme Court matters: HPCL v. BCL Secure Premises Pvt. Ltd., arbitration/assignment
- HPCL v. Dilbahar Singh, tenancy/eviction
- HPCL & Ors v. Dharamnath Singh & Ors
- Multiple retail-outlet/dealership cancellation cases. No entity-threatening litigation identified., Sources: indiankanoon, casemine, supremecourtcases
Competitive Landscape
- Indian Oil Corporation (IOCL) — larger PSU peer
- Bharat Petroleum (BPCL) — comparable PSU refiner-marketer
- Reliance Industries (O2C) — large private
- Nayara Energy — mid/large private refiner-retailer
- MRPL — smaller refiner (HPCL associate)
- ONGC — parent, upstream., Sources: general industry knowledge, hindustanpetroleum.com
Frequently Asked Questions
What does the company do?
The company is a Maharatna Public Sector Undertaking engaged in the refining of crude oil and marketing of petroleum products. It operates major refineries in Mumbai and Visakhapatnam, and the Rajasthan (Barmer/Pachpadra) refinery under HRRL. The company has an extensive fuel retail network, and deals in LPG, lubricants, petrochemicals, natural gas/CGD, and biofuels.
What is the CIN of the company?
The Corporate Identification Number (CIN) of the company is L23201MH1952GOI008858.
What is the company's GSTIN?
The company's primary GSTIN in Maharashtra is 27AAACH1118B1ZC, with the principal place of business located in Mumbai 400022. It has approximately 82 GST registrations across different states, indicating a pan-India presence.
When was the company incorporated?
The company was incorporated in 1952.
Where is the registered office of the company located?
The registered office of the company is located at Petroleum House, 17 Jamshedji Tata Road, Churchgate, Mumbai, Maharashtra 400020.
Sources
Tofler; TheCompanyCheck; KnowYourGST; MastersIndia; CRISIL Ratings; ICRA; hindustanpetroleum.com; psuconnect.in; psuwatch.com; business-standard.com; renewablewatch.in; choiceindia.com; scanx.trade; Trendlyne; IndianKanoon/CaseMine
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.