Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India.
Flawless balance sheet with acceptable track record.
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.
7 Day Return
1 Year Return
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.
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
5 days ago | Simply Wall StA Sliding Share Price Has Us Looking At Confidence Petroleum India Limited's (NSE:CONFIPET) P/E Ratio
2 weeks ago | Simply Wall StWhat Is Confidence Petroleum India's (NSE:CONFIPET) P/E Ratio After Its Share Price Tanked?
1 month ago | Simply Wall StWant To Invest In Confidence Petroleum India Limited (NSE:CONFIPET)? Here's How It Performed Lately
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 (₹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).
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.
- Examine Confidence Petroleum India's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Confidence Petroleum India competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
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 (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.
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).
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).
What is Confidence Petroleum India's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nitin Khara (58yo)
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.
|Chairman||no data||₹9.00m||8.59% ₹439.4m|
|CFO & Executive Director||16yrs||₹6.00m||3.51% ₹179.6m|
|Independent Director||16yrs||no data||0.0034% ₹175.4k|
|Independent Woman Director||5.08yrs||no data||no data|
|Additional Director||2.17yrs||no data||no data|
|Independent Director||0.17yr||no data||no data|
Experienced Board: CONFIPET's board of directors are considered experienced (5.1 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 10.2%.
Confidence Petroleum India Limited's company bio, employee growth, exchange listings and data sources
- 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
- Confidence Petroleum India Limited
- 404, Satyam Apartment
- 8 Wardha Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|526829||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||May 2005|
|CONFIPET||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||May 2005|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 13:11|
|End of Day Share Price||2020/04/03 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.