Oil And Pure Fuel Company Ltd., included within the 12 months 1993, is a Massive Cap firm (having a market cap of Rs 144044.20 Crore) working in Fuel & Petroleum sector.
For the quarter ended 31-03-2021, the corporate reported a Consolidated Complete Revenue of Rs 118206.16 Crore, up 15.42 % from final quarter Complete Revenue of Rs 102416.51 Crore and up 9.44 % from final 12 months identical quarter Complete Revenue of Rs 108014.32 Crore. Firm reported web revenue after tax of Rs 10267.26 Crore in newest quarter.
Issues of covid slowing down demand restoration and OPEC+ resolution of month-to-month output hikes to totally unwind output cuts by Sep’22 has led to 12% fall in Brent from peak. FY22E Brent primarily based on futures is simply 1% greater than estimate of US$67.5/bbl whereas that for FY23E is 2% decrease. UK NBP, US Henry hub (HH) and Asian spot LNG costs proceed to be robust and subsequently, primarily based on newest futures we see 7-26% upside to our FY23E deepwater and APM fuel worth estimates. Thus, primarily based on newest oil and fuel futures, the brokerage estimates 1% upside to ONGC’s FY22E EPS and eight% to its FY23E EPS. ONGC’s share worth reductions long run Brent of simply US$48/bbl. It’s enticing at FY22-FY23E P/E of 5.2-4.0x, EV/EBITDA of three.7-3.2x, P/BV of 0.6-0.55x and dividend yield of 6.5-8.5%.
Promoters held 60.4 per cent stake within the firm as of June 30, 2021, whereas FIIs held 8.1 per cent, DIIs 17.6 per cent and public and others 13.9 per cent.
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