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CONF

Confidence Petroleum IndiaNSEI:CONFIPET Stock Report

Market Cap

₹25.6b

7D

-0.2%

1Y

215.5%

Updated

25 Oct, 2021

Data

Company Financials
CONFIPET fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

CONFIPET Overview

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

Confidence Petroleum India Competitors

Mauria Udyog

BSE:539219

₹206.5m

Rajasthan Cylinders and Containers

BSE:538707

₹56.3m

Petronet LNG

NSEI:PETRONET

₹341.9b

Castrol India

BSE:500870

₹136.8b

Price History & Performance

Summary of all time highs, changes and price drops for Confidence Petroleum India
Historical stock prices
Current Share Price₹90.40
52 Week High₹25.00
52 Week Low₹95.40
Beta1.48
1 Month Change17.94%
3 Month Change46.87%
1 Year Change215.53%
3 Year Changen/a
5 Year Changen/a
Change since IPO129.44%

Recent News & Updates

Sep 15
Is Confidence Petroleum India (NSE:CONFIPET) A Risky Investment?

Is Confidence Petroleum India (NSE:CONFIPET) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jul 12
Confidence Petroleum India's (NSE:CONFIPET) Returns On Capital Are Heading Higher

Confidence Petroleum India's (NSE:CONFIPET) Returns On Capital Are Heading Higher

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Jun 08
These 4 Measures Indicate That Confidence Petroleum India (NSE:CONFIPET) Is Using Debt Extensively

These 4 Measures Indicate That Confidence Petroleum India (NSE:CONFIPET) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

CONFIPETIN MachineryIN Market
7D-0.2%-3.2%-3.1%
1Y215.5%80.2%61.0%

Return vs Industry: CONFIPET exceeded the Indian Machinery industry which returned 80.2% over the past year.

Return vs Market: CONFIPET exceeded the Indian Market which returned 61% over the past year.

Price Volatility

Is CONFIPET's price volatile compared to industry and market?
CONFIPET volatility
CONFIPET Beta1.48
Industry Beta0.78
Market Beta1

Stable Share Price: CONFIPET is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CONFIPET's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1993n/aNitin Kharahttps://www.confidencegroup.co

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It operates through two segments, Cylinder Division and LPG Division. The company offers CNG and packed cylinders.

Confidence Petroleum India Fundamentals Summary

How do Confidence Petroleum India's earnings and revenue compare to its market cap?
CONFIPET fundamental statistics
Market Cap₹25.63b
Earnings (TTM)₹739.00m
Revenue (TTM)₹9.92b

34.7x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CONFIPET income statement (TTM)
Revenue₹9.92b
Cost of Revenue₹7.28b
Gross Profit₹2.64b
Expenses₹1.90b
Earnings₹739.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)2.60
Gross Margin26.61%
Net Profit Margin7.45%
Debt/Equity Ratio15.8%

How did CONFIPET perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

4%

Payout Ratio

Valuation

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

34.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CONFIPET (₹90.4) is trading above our estimate of fair value (₹1.27)

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


Price To Earnings Ratio

PE vs Industry: CONFIPET is poor value based on its PE Ratio (34.7x) compared to the Indian Machinery industry average (23.9x).

PE vs Market: CONFIPET is poor value based on its PE Ratio (34.7x) compared to the Indian market (21.2x).


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 (4.8x) compared to the IN Machinery industry average (1.8x).


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.


Past Performance

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

31.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CONFIPET has high quality earnings.

Growing Profit Margin: CONFIPET's current net profit margins (7.4%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: CONFIPET's earnings have grown significantly by 31.9% per year over the past 5 years.

Accelerating Growth: CONFIPET's earnings growth over the past year (145.7%) exceeds its 5-year average (31.9% per year).

Earnings vs Industry: CONFIPET earnings growth over the past year (145.7%) exceeded the Machinery industry 77.1%.


Return on Equity

High ROE: CONFIPET's Return on Equity (13.2%) is considered low.


Financial Health

How is Confidence Petroleum India's financial position?


Financial Position Analysis

Short Term Liabilities: CONFIPET's short term assets (₹2.2B) exceed its short term liabilities (₹556.6M).

Long Term Liabilities: CONFIPET's short term assets (₹2.2B) exceed its long term liabilities (₹1.8B).


Debt to Equity History and Analysis

Debt Level: CONFIPET's debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: CONFIPET's debt to equity ratio has reduced from 32.1% to 15.8% over the past 5 years.

Debt Coverage: CONFIPET's debt is well covered by operating cash flow (111.5%).

Interest Coverage: CONFIPET's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet


Dividend

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

0.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CONFIPET's dividend (0.11%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: CONFIPET's dividend (0.11%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: CONFIPET is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: CONFIPET is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CONFIPET is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CONFIPET's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Nitin Khara (60 yo)

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 Confidence Futurist...


CEO Compensation Analysis

Compensation vs Market: Nitin's total compensation ($USD119.94K) is below average for companies of similar size in the Indian market ($USD303.12K).

Compensation vs Earnings: Nitin's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: CONFIPET's board of directors are considered experienced (4.8 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 3.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Confidence Petroleum India Limited
  • Ticker: CONFIPET
  • Exchange: NSEI
  • Founded: 1993
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹25.632b
  • Shares outstanding: 284.01m
  • Website: https://www.confidencegroup.co

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:48
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.