Subsidiary of Oil and Natural Gas Corporation · 54.9%
Hindustan Petroleum Corporation · HPCL
Downstream OMC. ONGC subsidiary since 2018. Two own refineries + HMEL JV; 21,500+ retail outlets.
NSE last
₹ 382.05
2026-04-27
Latest FY revenue
₹4,31,994 Cr
FY2025 · YoY +0.0%
Net margin
1.56%
EBITDA margin 4.25%
Net profit
₹6,736 Cr
EBITDA ₹18,346 Cr
Shareholding (Q3 FY26)
- Promoter
- 54.9%
- FII
- 14.2%
- DII
- 15.8%
- Other public
- 15.1%
Majority held by ONGC since 31 January 2018 acquisition (₹36,915 crore).
Revenue – ₹ crore, five-year history
Net margin – percent of revenue
Annual line items
| FY end | Revenue | Op. income | EBITDA | Net income | Net margin | EBITDA margin |
|---|---|---|---|---|---|---|
| FY2025 | ₹4,31,994 Cr | ₹9,787 Cr | ₹18,346 Cr | ₹6,736 Cr | 1.56% | 4.25% |
| FY2024 | ₹4,31,994 Cr | ₹18,918 Cr | ₹28,506 Cr | ₹16,015 Cr | 3.71% | 6.60% |
| FY2023 | ₹4,33,498 Cr | ₹-10,691 Cr | ₹-3,412 Cr | ₹-6,980 Cr | -1.61% | -0.79% |
| FY2022 | ₹3,48,589 Cr | ₹6,109 Cr | ₹13,948 Cr | ₹7,294 Cr | 2.09% | 4.00% |
Major assets
- Mumbai refinery — 9.5 MMTPA
- Visakh refinery — 8.3 MMTPA
- Bathinda (HMEL JV) — 11.3 MMTPA (50:50 with Mittal Energy)
- 21,500+ retail outlets (24.7% national share)
- Mundra–Delhi Pipeline (MDPL, 1054 km)
- Chhara LNG terminal (via HLPL, 2024)
Operations snapshot
- Refining capacity
- 17.8 own + 11.3 HMEL
- Retail outlets
- 21,500+
- Market share (retail)
- 24.7%
- LPG customers
- ~100 million
- CGD GAs (via JVs)
- 18
Major projects
Under construction
Visakh refinery expansion 8.3 → 15 MMTPA + FCC
₹35,000 Cr
target FY27
Under construction
Rajasthan Refinery (HRRL, 9 MMTPA JV with Rajasthan Govt)
₹72,937 Cr
target FY27
Commissioned
Chhara LNG terminal ramp-up
5 MMTPA capacity, ramp-up through FY26
Announced
Green H2 integration
target FY28
Subsidiaries
HPCL LNG Ltd (Chhara LNG)
100%
Shapoorji JV partner divested 2024
HPCL Biofuels Ltd
100%
Joint ventures
HPCL-Mittal Energy (HMEL, Bathinda)
48.99%
Partner: Mittal Energy Investments
HPCL-Rajasthan Refinery (HRRL)
74%
Partner: Rajasthan Government
Petronet LNG
12.5%
Partner: GAIL/IOC/BPCL
Mangalore LNG Pvt Ltd
100%
Partner: ONGC/MRPL
Annual reports
www.hindustanpetroleum.com/pages/annual-reports ↗