Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India.
Confidence Petroleum India Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹90.40|
|52 Week High||₹25.00|
|52 Week Low||₹95.40|
|1 Month Change||17.94%|
|3 Month Change||46.87%|
|1 Year Change||215.53%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||129.44%|
Recent News & Updates
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...
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...
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...
|CONFIPET||IN Machinery||IN Market|
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.
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
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
|CONFIPET fundamental statistics|
Is CONFIPET overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CONFIPET income statement (TTM)|
|Cost of Revenue||₹7.28b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
|Earnings per share (EPS)||2.60|
|Net Profit Margin||7.45%|
How did CONFIPET perform over the long term?See historical performance and comparison
0.1%Current Dividend Yield
Is Confidence Petroleum India undervalued compared to its fair value and its price relative to the market?
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).
How is Confidence Petroleum India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Confidence Petroleum India performed over the past 5 years?
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.
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).
What is Confidence Petroleum India current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nitin Khara (60 yo)
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.
Experienced Board: CONFIPET's board of directors are considered experienced (4.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.
Confidence Petroleum India Limited's employee growth, exchange listings and data sources
- 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
- Confidence Petroleum India Limited
- 404, Satyam Apartment
- 8 Wardha Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:48|
|End of Day Share Price||2021/10/25 00:00|
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.