Dalal Street Investment Journal – July 20, 2019

96 DALAL STREET INVESTMENT JOURNAL I JULY 22 - AUG 4, 2019 DSIJ. in^

Financial Review For FY19

Petroleum

Company Name

Market Cap

(` in Cr.)

Net Sales (` in Cr.) Operating Profit (Excluding OI) (` in Cr.) Net Income (` in Cr.)

FY19 FY18 FY17 FY19 FY18 FY17 FY19 FY18 FY17

A

s of April 1, 2019, the oil refining capacity of India

stood at 249.4 million tonnes, making it the

second largest refiner in Asia. India's current

refining capacity comprises of 23 refineries—18

under public sector, 3 under private sector and 2

in a joint venture. Top three companies – Indian Oil

Corporation (IOC), Bharat Petroleum Corporation (BPCL)

and Reliance Industries (RIL) - contribute around 66.7 per cent

of India's total refining production from FY19.

In terms of natural gas, at present about 16,788 km natural gas

pipeline is operational and about 14,239 km gas pipelines are

under development. Natural gas in India is mainly used to

generate power, cooking fuel as piped natural gas (PNG),

production of petrochemicals and manufacturing products in

the fertiliser and steel industries.

As per the official data, India’s crude oil production fell over 4

per cent in FY19 after aging fields of state-owned Oil and

Natural Gas Corporation (ONGC) and Oil India Ltd (OIL)

missed the target for the year. India produced 34.2 million

Sector Sponsor

Reliance Industries 800371.86 622809.00 430731.00 330180.00 83918.00 64176.00 46194.00 39734.00 36021.00 29941.00
Oil & Natural Gas Corporation 202857.00 453460.57 362246.43 325666.22 74644.09 56889.06 52803.67 30458.68 23354.85 26359.13
Indian Oil Corporation 143283.50 617242.84 515541.89 453794.73 35222.67 41627.51 33980.72 15889.47 21715.20 19745.34
Bharat Petroleum Corporation 80186.43 340879.15 279437.99 243747.46 15112.23 15280.98 13745.65 7590.53 8503.03 8563.58
GAIL (India) 69117.92 76234.17 54694.31 49311.66 9667.56 7779.02 6591.02 5777.57 4647.09 3948.70
Hindustan Petroleum Corporation 43809.90 297205.03 244262.34 214288.65 11567.11 10712.95 10879.66 5760.90 5896.69 5916.84
Petronet LNG 37267.50 38395.43 30598.62 24616.03 3293.45 3312.35 2592.27 2150.93 2077.85 1705.67
Indraprastha Gas 20818.02 6361.87 5014.90 4222.51 1256.98 1116.47 963.75 755.14 649.83 543.81
Oil India 18814.43 13780.45 10697.75 9566.36 5590.52 3927.53 3120.49 2086.94 1932.81 1072.00
Adani Gas 18256.85 1718.96 1373.67 NA 454.64 365.27 NA 228.71 164.60 NA
Gujarat Gas 11293.04 7962.48 6339.35 5237.87 984.64 895.06 743.29 416.96 291.19 219.24
Mangalore Refinery & Petro. 10445.49 73494.08 63688.06 59989.14 2302.60 4489.17 4983.07 351.00 1773.46 3288.53
Gujarat State Petronet 10352.49 9345.12 7261.05 5901.29 2540.24 2043.92 1641.76 1175.54 933.06 704.21
Linde India 4533.71 2191.65 2114.99 1979.36 326.38 327.63 286.72 33.49 18.94 13.41
Rain Industries 3323.10 14048.99 11449.59 9494.47 1965.59 2272.70 1530.70 630.45 791.24 296.68
Chennai Petroleum Corporation 3054.92 52201.22 44189.18 40607.38 515.51 2081.21 1875.77 -219.31 907.68 1023.19
Hindustan Oil Exploration Company 1648.78 265.14 48.71 25.57 187.02 30.67 1.34 155.32 37.52 36.07
Confidence Petroleum India 951.58 1004.53 606.75 496.90 126.46 71.02 41.24 64.34 26.57 4.84
Deep Industries 452.80 308.74 312.68 277.38 143.48 162.07 155.77 68.06 77.45 75.20
Asian Oilfield Services 328.20 193.86 222.22 124.32 32.88 40.69 -18.27 9.10 10.31 -18.20
Tamilnadu Petroproducts 309.50 1245.33 1085.09 1010.55 91.23 88.99 63.67 57.03 53.31 13.44
Oricon Enterprises 307.03 1119.24 1023.55 1205.83 105.41 72.68 111.42 40.33 22.49 51.77
Jindal Drilling & Industries 298.36 207.39 148.94 371.60 7.90 -60.53 16.29 40.01 -19.27 16.97
Jiya Eco-Products 222.69 170.23 90.97 51.96 26.65 15.27 8.23 14.03 8.44 4.15
Aban Offshore 216.54 848.27 1466.86 1757.92 -3517.96 -586.02 906.56 -5271.11 -2606.43 -1041.05