Chennai Petroleum Corporation Ltd (CHENNPETRO)

Chennai Petroleum's Total Shareholder Return Exceeds Expectations - 14 May, 2024

Chennai Petroleum Corporation Ltd has achieved a compound earnings per share growth of 120% per year, with a three-year total shareholder return of 706%. The market has moderated its expectations for growth, reflected in the low P/E ratio of 4.71. However, Chennai Petroleum rewarded shareholders with a total shareholder return of 200% in the last twelve months.

FII Sells Shares of Chennai Petroleum Corporation Ltd, Stock Falls 2% - 09 May, 2024

A Foreign Institutional Investor sold nearly 7.88 lakh equity shares of Chennai Petroleum Corporation Ltd via a bulk deal, causing the stock to fall by approximately 2%. However, the company's basic business indicators have shown positive growth with operating profits and after-tax profits increasing in recent financial quarters. Ace investor Dolly Khanna holds a 1.09% stake in CPCL. The stock has delivered multibagger returns of around 186% over the past year.

Chennai Petroleum Corporation Reports Q4 Net Profit of Rs 627.89 Crore - 08 May, 2024

Chennai Petroleum Corporation reported a net profit of Rs 627.89 crore in Q4 FY24, up 71.9% sequentially but lower YoY. The company also announced a dividend of Rs 55 per equity share. Foreign investor Polunin Emerging Markets Small Cap Fund LLC sold 7.87 lakh shares at an average price of Rs 887.16.

Chennai Petroleum Reports Strong Financial Performance - 07 May, 2024

Chennai Petroleum Corporation Limited reported a strong financial performance in FY24 with a Return on Equity (RoE) of 31% and a Return on Capital Employed (RoCE) of 35%. Dolly Khanna holds around 16.19 lakh equity shares equivalent to a 1.09% stake.

Chennai Petroleum Corporation Reports Reduction in Debt-to-Equity Ratio and Increase in Operating Revenues - 05 May, 2024

Chennai Petroleum Corporation Ltd's debt-to-equity ratio decreased by 47% from FY22-23 to FY23-24, while operating revenues increased from Rs 17,376 crores to Rs 17,720 crores during Q3FY24 to Q4FY24. After-tax profits also rose sharply from Rs 360 crores to Rs 612 crores during the same period.

Chennai Petroleum's Nagapattinam Refinery Construction Delayed - 30 Apr, 2024

Chennai Petroleum is two years behind schedule on the construction of its 180,000bpd refinery at Nagapattinam in Tamil Nadu state. The project cost has been revised to $4.36bn and parent company Indian Oil now owns a 75% stake. Chennai Petroleum also plans to shut some units at the Manali refinery for maintenance.

Chennai Petroleum Plans New Refinery in Tamil Nadu - 29 Apr, 2024

Chennai Petroleum Corporation Ltd plans to build a new 180,000 barrels per day (bpd) refinery in Nagapattinam, Tamil Nadu, by the end of 2027. The company has revised the project cost to about ₹36,400 crore ($4.36 billion), with 66% of that to be met through debt. Chennai Petroleum also plans to shut some units at its Manali refinery for maintenance in July-August.

Chennai Petroleum Corp Q4 Profit Drops 38% YoY - 27 Apr, 2024

Chennai Petroleum Corporation's Q4 profit dropped by 38% YoY, while revenue decreased by 2.47%. However, compared to the previous quarter, revenue grew by 1.8%, and profit increased by 71.89%. The company has delivered strong returns in the last week and over the past six months. One analyst rates it as a Strong Sell, while another rates it as a Strong Buy.

Chennai Petroleum Reports Decrease in Net Income for FY 2024 - 26 Apr, 2024

Chennai Petroleum Corporation Ltd reported a decrease in net income by 22% from FY 2023, with EPS decreasing from ₹237 to ₹184. However, revenue increased by 3.4% from FY 2023. The company's revenue is expected to decline by 7.6% p.a. on average during the next two years.

Chennai Petro Q4 2024 Net Sales Down 1.6%, Quarterly Profit Drops by 39% - 25 Apr, 2024

Chennai Petroleum Corporation Ltd's net sales for Q4 2024 were down 1.6% YoY, with a quarterly net profit drop of 39.02%. The EPS has also decreased from Rs. 67.44 to Rs. 41.12 in March 2023 and March 2024 respectively. However, the stock has given significant returns over the last 6 months and 12 months.

Chennai Petroleum Corp Reports Mixed Results Amid Dividend Declaration - 24 Apr, 2024

Chennai Petroleum Corporation declares a final dividend of Rs.55 per share while reporting a 72% sequential surge in its March quarter net profit. However, the company's Q4FY24 net profit declined 38.01% YoY, with sales down by 1.60%.

Chennai Petroleum Corp's Low P/E Ratio May Indicate a Strong Buy Opportunity - 20 Apr, 2024

Chennai Petroleum Corporation Ltd's low P/E ratio of 4.5x compared to the Indian market average may make it an attractive buy, despite its recent decline in earnings. However, many are expecting this trend to continue, which has kept the P/E ratio low.