Confidence Petroleum India Ltd
Confidence Petroleum India Ltd (CONFIPET)

Confidence Petroleum India Ltd (CONFIPET)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-0.28 %
3 Month Return43.54 %
1 Year Return-15.5 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 34
Rank 44
Rank 67
Dividend Yield
Rank 23
Rank 48
Price To Book Ratio
Rank 32
Debt To Asset
Rank 78

Company Information

Incorporated in Jul.94 as a private limited company Deversa GasChem was converted into a limited company in Sep.94. The company was promoted by Ashok Jain and Narendra Mohnot.The company came out with a public issue in Feb.95 to set up two LPG bottling plants near Pali and Udaipur in Rajasthan. The installed capacity is 7200 tpa each with a total capacity of 14400 tpa.Commercial production at Pali commenced in Mar.95. It launched its product in the Devarsa Gas brand name in Rajasthan. In Mar.96 the company commenced commercial production at its second bottling plant at Udaipur. In 199596 the it launched a 25kg gas capacity cylinder for the first time in India for the commercial and industrial segment.To ensure better utilisation of its bottling plants the Company is doing contract filling of cylinders of other companies on jobwork basis alongwith bottling of own branded cylinders.
OrganisationConfidence Petroleum India Ltd