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Indian Oil-controlled refinery near Chennai converting imported crude into petrol, diesel and other fuels.
Indian Oil-controlled refinery near Chennai converting imported crude into petrol, diesel and other fuels.
Earns the gross refining margin: the difference between what its fuels sell for and the crude it buys, mostly imported. Most output is sold to Indian Oil and other state fuel marketers at prices linked to international benchmarks, so it has an assured buyer but little pricing independence.
In one line: A regional Indian refiner.
Moat: narrow (regulatory licence). IOC-backed crude supply and refining licence, but margins are set by global refining cycles.
Headquarters: Chennai, India · Founded: 1965 · Employees: 1,403
Size Chennai Petroleum (CHENNPETRO.NS) is an India Energy company (Oil Refining/Marketing) with a market value of $2.27B, the 348th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,442 on 6 Nov 2026.
Performance Over six months the shares gained 34.0%, against +5.7% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 18 in its peer set.
Growth Revenue grew 31.2% over the last twelve months (peer median +15.8%); the operating margin is 9.5% (peer median 6.3%).
Valuation It trades at 3.5× forward earnings against a peer median of 7.8× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -41 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 25.0 points above its cost of capital (12.4% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹804B | ₹781B | ₹707B | ₹789B | ₹904B |
| Revenue growth | — | +11% | -10% | -13% | — |
| Gross profit | ₹96.2B | ₹199B | ₹126B | ₹172B | ₹203B |
| EBITDA | ₹82.7B | ₹51.3B | ₹11.5B | ₹45.9B | ₹64.3B |
| Net income | ₹57.0B | ₹31.0B | ₹2.14B | ₹27.5B | ₹35.3B |
| Free cash flow | n/a | ₹18.8B | ₹4.67B | ₹18.8B | ₹49.1B |
| Capital expenditure | n/a | ₹9.03B | ₹6.85B | ₹6.03B | ₹4.18B |
| Total debt | ₹22.0B | ₹19.6B | ₹31.2B | ₹27.9B | ₹42.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chennai Petroleum CHENNPETRO.NS | $2.27B | +34% | +31% | 10% | 3.5× | -12.0% |
| Mangalore Refinery & Petrochemicals MRPL.NS | $3.26B | +13% | +38% | 6% | 4.6× | -6.0% |
| Bharat Petroleum BPCL.NS | $14.7B | +4% | +22% | 3% | 23.1× | 5.7% |
| Hindustan Petroleum HINDPETRO.NS | $8.67B | -2% | +17% | 0% | n/a | 24.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CHENNPETRO.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.6% | -16.9% | 7th highest of 18 |
| 6-month return | +34.0% | +5.7% | 3rd highest of 18 |
| Distance from 52-week high | -14.1% | -27.2% | 2nd highest of 18 |
| Revenue growth (TTM) | +31.2% | +15.8% | 4th highest of 18 |
| Operating margin | 9.5% | 6.3% | 6th highest of 18 |
| Forward P/E | 3.5× | 7.8× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -12.0% | -8.0% | 5th least demanding of 12 |
| Growth delivered (Del g) | +28.6% | +13.6% | highest of 12 |
| Hurdle (Req g minus delivered) | -40.5 pp | -22.2 pp | least demanding of 12 |
| ROIC minus cost of capital | +25.0 pp | +10.0 pp | 5th highest of 18 |
| EV / EBITDA | 2.8× | 4.8× | 3rd cheapest of 12 |
| Net debt / EBITDA | 0.2× | 1.5× | 5th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chennai Petroleum CHENNPETRO.NS | India | $2.27B | +34% | +31% | 10% | 3.5× | -12.0% | +28.6% |
| Castrol India CASTROLIND.NS | India | $2.00B | +3% | +17% | 20% | 17.9× | 10.7% | +13.8% |
| Viva Energy VEA.AX | Australia | $3.04B | +19% | -2% | 4% | 7.8× | -15.1% | +18.2% |
| DOF DOFG.OL | Norway | $3.24B | -12% | +22% | 26% | 7.8× | 0.9% | +28.0% |
| Mangalore Refinery & Petrochemicals MRPL.NS | India | $3.26B | +13% | +38% | 6% | 4.6× | -6.0% | +22.9% |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 9.5× | n/a | n/a |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 3.4× | n/a | n/a |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 9.1× | 39.0% | +12.8% |
| Sinopec Shanghai Petrochemical 0338.HK | Hong Kong | $3.71B | -8% | -6% | -2% | 20.8× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% | +3.7% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% | +12.8% |
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% | +8.0% |
| North Huajin Chemical Industries 000059.SZ | China | $1.10B | -20% | +3% | 1% | 14.1× | -8.0% | +4.6% |
| North Atlantic Energies NAE.PA | France | $1.09B | +30% | -23% | 3% | n/a | n/a | n/a |
| Ampol ALD.AX | Australia | $5.95B | +6% | +15% | 6% | 10.8× | -14.0% | +15.4% |
| PBF Energy PBF | United States | $8.16B | +65% | +32% | 8% | 2.6× | n/a | n/a |
| Hindustan Petroleum HINDPETRO.NS | India | $8.67B | -2% | +17% | 0% | n/a | 24.7% | +13.6% |
| S-Oil 010950.KS | South Korea | $9.00B | -21% | +19% | 10% | 3.5× | n/a | n/a |