NSEI:CONFIPET

Stock Analysis Report

Confidence Petroleum India

Executive Summary

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India.


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Confidence Petroleum India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CONFIPET's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

14.7%

CONFIPET

-4.2%

IN Machinery

-3.9%

IN Market


1 Year Return

n/a

CONFIPET

-41.3%

IN Machinery

-32.2%

IN Market

Return vs Industry: Insufficient data to determine how CONFIPET performed against the Indian Machinery industry.

Return vs Market: Insufficient data to determine how CONFIPET performed against the Indian Market.


Shareholder returns

CONFIPETIndustryMarket
7 Day14.7%-4.2%-3.9%
30 Day-18.1%-30.3%-26.8%
90 Day-35.1%-34.9%-31.7%
1 Yearn/a-40.2%-41.3%-30.8%-32.2%
3 Yearn/a-38.7%-41.3%-19.5%-23.8%
5 Yearn/a-27.4%-31.8%-10.0%-14.9%

Price Volatility Vs. Market

How volatile is Confidence Petroleum India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Confidence Petroleum India undervalued compared to its fair value and its price relative to the market?

7.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CONFIPET (₹18.75) is trading above our estimate of fair value (₹0.99)

Significantly Below Fair Value: CONFIPET is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CONFIPET is good value based on its PE Ratio (8x) compared to the Machinery industry average (9.9x).

PE vs Market: CONFIPET is good value based on its PE Ratio (8x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CONFIPET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CONFIPET is overvalued based on its PB Ratio (1.2x) compared to the IN Machinery industry average (0.8x).


Next Steps

Future Growth

How is Confidence Petroleum India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Confidence Petroleum India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Confidence Petroleum India performed over the past 5 years?

70.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CONFIPET has high quality earnings.

Growing Profit Margin: CONFIPET's current net profit margins (6.1%) are lower than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: CONFIPET's earnings have grown significantly by 70.1% per year over the past 5 years.

Accelerating Growth: CONFIPET's earnings growth over the past year (16.3%) is below its 5-year average (70.1% per year).

Earnings vs Industry: CONFIPET earnings growth over the past year (16.3%) exceeded the Machinery industry -6.2%.


Return on Equity

High ROE: CONFIPET's Return on Equity (14.6%) is considered low.


Next Steps

Financial Health

How is Confidence Petroleum India's financial position?


Financial Position Analysis

Short Term Liabilities: CONFIPET's short term assets (₹2.1B) exceed its short term liabilities (₹555.0M).

Long Term Liabilities: CONFIPET's short term assets (₹2.1B) exceed its long term liabilities (₹1.6B).


Debt to Equity History and Analysis

Debt Level: CONFIPET's debt to equity ratio (15.9%) is considered satisfactory.

Reducing Debt: CONFIPET's debt to equity ratio has reduced from 20.3% to 15.9% over the past 5 years.

Debt Coverage: CONFIPET's debt is well covered by operating cash flow (94.1%).

Interest Coverage: CONFIPET's interest payments on its debt are well covered by EBIT (16.4x coverage).


Balance Sheet

Inventory Level: CONFIPET has a high level of physical assets or inventory.

Debt Coverage by Assets: CONFIPET's debt is covered by short term assets (assets are 2.9x debt).


Next Steps

Dividend

What is Confidence Petroleum India's current dividend yield, its reliability and sustainability?

0.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CONFIPET's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: CONFIPET's dividend (0.54%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CONFIPET has been paying a dividend for less than 10 years.

Growing Dividend: CONFIPET's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as CONFIPET has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average board tenure


CEO

Nitin Khara (58yo)

no data

Tenure

₹9,000,000

Compensation

Mr. Nitin Punamchand Khara serves as the Executive Chairman, Managing Director and Chief Executive Officer of Confidence Petroleum India Ltd. Mr. Khara has been an Executive Director of Globe Industrial Re ...


CEO Compensation Analysis

Compensation vs Market: Nitin's total compensation ($USD118.08K) is above average for companies of similar size in the Indian market ($USD47.81K).

Compensation vs Earnings: Nitin's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Nitin Khara
Chairmanno data₹9.00m8.59% 439.4m
Elesh Khara
CFO & Executive Director16yrs₹6.00m3.51% 179.6m
Sumant Sutaria
Independent Director16yrsno data0.0034% 175.4k
Mansi Deogirkar
Independent Woman Director5.08yrsno datano data
Vaibhav Dedhia
Additional Director2.17yrsno datano data
Rajkumar Varma
Independent Director0.17yrno datano data

5.1yrs

Average Tenure

52yo

Average Age

Experienced Board: CONFIPET's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.2%.


Top Shareholders

Company Information

Confidence Petroleum India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Confidence Petroleum India Limited
  • Ticker: CONFIPET
  • Exchange: NSEI
  • Founded: 1994
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹5.112b
  • Shares outstanding: 273.84m
  • Website: https://www.confidencegroup.co

Location

  • Confidence Petroleum India Limited
  • 404, Satyam Apartment
  • 8 Wardha Road
  • Nagpur
  • Maharashtra
  • 440012
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526829BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2005
CONFIPETNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2005

Biography

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It operates through LPG/CNG Cylinder Manufacturing and LPG Bottling & Marketing segments. The company also offers CNG and packed cylinders. It also provides LPG bottling services; and supplies LPG for commercial usage. The company serves retail, commercial, and industrial customers under the Go Gas brand name. As of March 31, 2019, it had 186 auto LPG dispensing stations. Confidence Petroleum India Limited was incorporated in 1994 and is based in Nagpur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 13:11
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.