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

Fundamentals

Flawless balance sheet with solid 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


Market Performance


7 Day Return

1.5%

CONFIPET

-0.4%

IN Machinery

0.5%

IN Market


1 Year Return

n/a

CONFIPET

-13.2%

IN Machinery

0.9%

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 Day1.5%-0.4%0.5%
30 Day-3.8%2.4%1.0%
90 Day-15.2%-8.4%-3.2%
1 Yearn/a-11.7%-13.2%2.8%0.9%
3 Yearn/a-1.5%-5.2%20.3%14.3%
5 Yearn/a40.6%32.7%43.1%29.8%

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?

11.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CONFIPET (₹27.85) is trading above our estimate of fair value (₹0.86)

Significantly Undervalued: 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 (11.2x) compared to the Machinery industry average (12.4x).

PE vs Market: CONFIPET is good value based on its PE Ratio (11.2x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

Low 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 (1.9x) compared to the IN Machinery industry average (1.3x).


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?

2.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CONFIPET's forecast earnings growth (2% per year) is below the savings rate (7.6%).

Earnings vs Market: CONFIPET's earnings (2% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: CONFIPET's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CONFIPET's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if CONFIPET's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CONFIPET's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

73.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CONFIPET's earnings have grown significantly by 73.4% per year over the past 5 years.

Accelerating Growth: CONFIPET's earnings growth over the past year (92.4%) exceeds its 5-year average (73.4% per year).

Earnings vs Industry: CONFIPET earnings growth over the past year (92.4%) exceeded the Machinery industry 13.7%.


Return on Equity

High ROE: CONFIPET's Return on Equity (16.7%) is considered low.


Return on Assets

ROA vs Industry: CONFIPET has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: CONFIPET has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Confidence Petroleum India's financial position?


Financial Position Analysis

Short Term Liabilities: CONFIPET's short term assets (₹2.0B) exceeds its short term liabilities (₹679.5M)

Long Term Liabilities: CONFIPET's short term assets (2.0B) exceeds its long term liabilities (1.4B)


Debt to Equity History and Analysis

Debt Level: CONFIPET's debt to equity ratio (18.5%) is considered satisfactory

Reducing Debt: CONFIPET's debt to equity ratio has reduced from 26.5% to 18.5% over the past 5 years.

Debt Coverage: CONFIPET's debt is well covered by operating cash flow (89.2%).

Interest Coverage: CONFIPET's interest payments on its debt are well covered by EBIT (9x 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 2.623370x debt).


Next Steps

Dividend

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

0.36%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%0.6%markettop25%2.5%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CONFIPET's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: CONFIPET's dividend (0.36%) is low compared to the top 25% of dividend payers in the Indian market (2.46%).

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: With its low payout ratio (4%), CONFIPET's dividend payments are thoroughly covered by earnings.


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

What is the CEO of Confidence Petroleum India's salary, the management and board of directors tenure and is there insider trading?

10.0yrs

Average board tenure


CEO

Nitin Khara (58yo)

0yrs

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: Insufficient data to establish whether Nitin's total compensation is reasonable compared to companies of similar size in the Indian market.

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


Board Age and Tenure

10.0yrs

Average Tenure

52yo

Average Age

Experienced Board: CONFIPET's board of directors are seasoned and experienced ( 10 years average tenure).


Insider Trading

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


Recent Insider Transactions

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Essenn Lpg Bottling Private Limited
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Confidence Lpg Bottling Private Limited
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Shares184,269
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Buy₹1,372,71821 Feb 19
Essenn Lpg Bottling Private Limited
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Shares36,107
Max Price₹38.40
Buy₹1,347,06618 Feb 19
Essenn Lpg Bottling Private Limited
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Shares33,632
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Confidence Lpg Bottling Private Limited
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Gas Point Petroleum India Ltd.
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Ownership Breakdown


Management Team

  • Elesh Khara (52yo)

    CFO & Executive Director

    • Tenure: 15.5yrs
    • Compensation: ₹6.00m
  • Nitin Khara (58yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹9.00m
  • Prity Bhabhra

    Company Secretary & Compliance Officer

    • Tenure: 1.8yrs

Board Members

  • Elesh Khara (52yo)

    CFO & Executive Director

    • Tenure: 15.5yrs
    • Compensation: ₹6.00m
  • Nitin Khara (58yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹9.00m
  • Sumant Sutaria (61yo)

    Independent Director

    • Tenure: 15.5yrs
  • Mansi Deogirkar (40yo)

    Independent Woman Director

    • Tenure: 4.6yrs
  • Vaibhav Dedhia (28yo)

    Additional Director

    • Tenure: 1.7yrs

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: ₹7.448b
  • 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 com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:56
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.