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.
Last updated 4 September 2026
Hindustan Petroleum Corporation Limited is a Maharatna government PSU engaged in crude oil refining and petroleum product marketing, operating major refineries in Mumbai, Visakhapatnam, and Rajasthan alongside an extensive fuel retail, LPG, and lubricants network. For FY2025-26, the company reported consolidated revenue of approximately Rs 4,78,543 crore, up 2.62% year on year, with consolidated PAT of Rs 18,047 crore versus Rs 6,736 crore in FY25. CRISIL and ICRA both assign it their highest ratings of AAA Stable.
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Company Identity
| Registered name | Hindustan Petroleum Corporation Limited |
|---|---|
| CIN | L23201MH1952GOI008858 |
| PAN | AAACH1118B |
| Status |
|
| Listing | Yes — listed on NSE (HINDPETRO) and BSE (500104) |
| Incorporated | 05 July 1952 |
| ROC | RoC-Mumbai |
| Sector (NIC) |
|
| Registered address | Petroleum House, 17 Jamshedji Tata Road, Churchgate, Mumbai, Maharashtra 400020 |
| Authorized capital | ₹5,000 crore |
| Paid-up capital | ₹2,127.82 crore |
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)
Directors & DINs
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
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAACH1118B1ZC | Maharashtra | AAACH1118B (source: knowyourgst, mastersindia — confirmed) | Active |
| 27AAACH1118B3ZA | Maharashtra | AAACH1118B (source: knowyourgst, mastersindia — confirmed) | - |
| 27AAACH1118B2ZB | Maharashtra | AAACH1118B (source: knowyourgst, mastersindia — confirmed) | - |
| 27AAACH1118B1DL | Maharashtra | AAACH1118B (source: knowyourgst, mastersindia — confirmed) | Active |
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
- 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
Funding
- 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
In the News
Hindustan Petroleum Corporation (NSE: HINDPETRO) HP Navya LPG Cylinder Launch and Business Outlook
Kalkine India · 2 months ago
Hindustan Petroleum to host investor meet at UBS India Summit on Sep 11
scanx.trade · 2 months ago
Hindustan Petroleum Share Price Fall: Price Action Review
Univest · 2 months ago
Hindustan Petroleum Corporation Ltd. Shareholding Pattern – Promoters, FIIs & DIIs
valueresearchonline.com · 2 months ago
Tech Query: Hindustan Unilever Limited (HUL), Hindustan Petroleum Corporation Limited (HPCL), Craftsman Automation, Jupiter Wagons - What is the outlook? Where are these stocks headed?
BusinessLine · 2 months ago
Headlines about Hindustan Petroleum Corporation Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Loans
- Open/registered charges ~₹11,009 crore; satisfied charges ₹4,102.75 crore
- ~13 total charge records (lenders/consortium banks & financial institutions)
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
Legal
- 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
Competitors
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