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.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Hindustan Petroleum Corporation Limited |
|---|---|
| CIN | L23201MH1952GOI008858 |
| PAN | AAACH1118B (source: knowyourgst, mastersindia — confirmed) |
| Status | Active — Listed (NSE: HINDPETRO, BSE: 500104); Union Government Company |
| Listing | Yes — listed on NSE (HINDPETRO) and BSE (500104) |
| Incorporated | 05 July 1952 |
| ROC | RoC-Mumbai |
| Sector (NIC) | Manufacture of coke and refined petroleum products; NIC section C5 (Manufacturing) — oil refining & marketing (source: thecompanycheck) |
| Registered address | Petroleum House, 17 Jamshedji Tata Road, Churchgate, Mumbai, Maharashtra 400020 (source: Tofler & thecompanycheck — confirmed) |
| Authorized capital | ₹5,000 crore (source: Tofler & thecompanycheck — confirmed) |
| Paid-up capital | ₹2,127.82 crore (source: Tofler & thecompanycheck — confirmed) |
Business Overview
Confirmed- 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)
Directors & DINs
Partial / conflictingDINs 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
Confirmed| 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
Confirmed- 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
Confirmed- 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)
Charges & Loans
Partial / conflicting- 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
Confirmed- 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
Partial / conflicting- 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)
Competitors
Confirmed- 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)
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