The oil and gas industry has had substantial difficulties recently as the globe continues to move towards cleaner and renewable energy sources. One of India’s leading oil refining and marketing firms, Hindustan Petroleum Corporation Limited (HPCL), has managed to weather the storm and is still a major force in the sector. In fact, HPCL raised INR16.50 billion from the sale of recent bonds, demonstrating investor confidence in the company’s future prospects.
How about the anticipated share price for HPCL during the following few years? Is it wise to purchase the company’s stock? In this article, we’ll take a closer look at HPCL’s financial performance and future outlook, and attempt to provide some insights into what investors can expect from the company’s share price between 2023 and 2030.
Stock history of Hindustan Petroleum Corporation (NSE: HINDPETRO)
Hindustan Petroleum Corporation Limited (HPCL) was established in 1974, following the merger of Esso Standard and Lube India Limited. The business dominates the downstream oil and gas market in India, engaging in activities across the whole value chain, including refining, marketing, and transportation.
The history of HPCL’s stock has been affected by a number of market factors over time, including changes in national and international crude oil prices, as well as laws and regulations. Early in the new millennium, HPCL’s stock price increased significantly as a result of favourable government policies and rising petroleum product demand in India. The business went public in 2005, and shares of it are now traded on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
HPCL has faced inconsistent stock performance in recent years due to the challenges confronting the oil and gas industry. The company’s share price witnessed a significant drop in 2020 in line with the global economic downturn caused by the COVID-19 pandemic. However, HPCL has since made a recovery, and its share price has shown signs of growth from the beginning of 2021.
Despite the industry challenges, HPCL remains committed to development and growth. The company has made substantial investments in modernizing its refineries, expanding its marketing network, and exploring new business opportunities in sectors such as renewable energy.
Latest news about Hindustan Petroleum Corporation (NSE: HINDPETRO)
➤ Hindustan Petroleum Collects INR16.50 Billion Through Bond Sale.
➤ HPCL obtains 1,650 crore rupees via debentures.
How to purchase Hindustan Petroleum Corporation shares?
Below are the trading platforms that you can use to purchase Hindustan Petroleum Corporation shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Hindustan Petroleum Corporation: 2023 to 2030
Share Price Target for Hindustan Petroleum Corporation in 2023
| When | Maximum Price | Minimum Price |
| March 2023 | ₹229.60 | ₹176.62 |
| April 2023 | ₹252.56 | ₹194.28 |
| May 2023 | ₹210.47 | ₹161.90 |
| June 2023 | ₹252.56 | ₹194.28 |
| July 2023 | ₹303.07 | ₹233.13 |
| August 2023 | ₹333.38 | ₹256.45 |
| September 2023 | ₹350.05 | ₹269.27 |
| October 2023 | ₹333.38 | ₹256.45 |
| November 2023 | ₹366.72 | ₹282.09 |
| December 2023 | ₹410.72 | ₹315.94 |
The table represents HPCL’s projected share price for 2023. The figures show that the share price is expected to experience a bullish trend, with a projected growth percentage ranging from 13% to 39%. The maximum price predicted for December 2023 is ₹410.72, while the minimum price expected is ₹161.90 in May 2023.
These projected figures indicate a significant potential for growth and a positive outlook for the company. The maximum and minimum prices predicted for the year suggest that there may be some volatility in the market, but overall, the trend is expected to be on an uptrend.
Investors looking to invest in HPCL in 2023 should keep an eye on the market and monitor any significant changes in the industry. The projected growth percentage indicates that there may be opportunities for investors to make a profit.
Share Price Target for Hindustan Petroleum Corporation in 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹432.34 | ₹332.57 |
| February 2024 | ₹485.78 | ₹404.81 |
| March 2024 | ₹511.34 | ₹415.73 |
| April 2024 | ₹464.86 | ₹357.58 |
| May 2024 | ₹387.38 | ₹297.99 |
| June 2024 | ₹464.86 | ₹357.58 |
| July 2024 | ₹395.13 | ₹306.30 |
| August 2024 | ₹434.64 | ₹344.95 |
| September 2024 | ₹456.37 | ₹351.06 |
| October 2024 | ₹536.91 | ₹413.01 |
| November 2024 | ₹563.76 | ₹433.66 |
| December 2024 | ₹575.03 | ₹442.33 |
Looking at the table, we can see that the figures suggest that the company’s shares are expected to experience a bearish trend during the year, with a projected growth percentage ranging from -11% to 41%. The maximum price predicted for December 2024 is ₹575.03, while the minimum price expected is ₹297.99 in May 2024.
The projected return for investors in HPCL in 2024 may vary depending on the market’s performance. The bearish trend predicted in the earlier months of the year may suggest some instability in the industry. However, the maximum and minimum prices predicted for the year suggest that there may still be opportunities for investors to make a profit.
Share Price Target for Hindustan Petroleum Corporation in 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹586.53 | ₹451.18 |
| February 2025 | ₹617.40 | ₹474.92 |
| March 2025 | ₹648.27 | ₹498.67 |
| April 2025 | ₹578.81 | ₹445.24 |
| May 2025 | ₹526.19 | ₹404.76 |
| June 2025 | ₹578.81 | ₹445.24 |
| July 2025 | ₹551.25 | ₹424.04 |
| August 2025 | ₹574.22 | ₹441.71 |
| September 2025 | ₹602.93 | ₹463.79 |
| October 2025 | ₹639.11 | ₹491.62 |
| November 2025 | ₹683.84 | ₹526.03 |
| December 2025 | ₹697.52 | ₹536.55 |
According to the table above, it appears that HPCL’s share price may continue to rise in 2025, with an average target of around ₹598.12. The maximum price predicted is ₹697.52, while the minimum price forecast is ₹404.76. This means that the potential upside for investors in 2025 is around 46.7%, based on the maximum price target.
However, as with any investment, there are risks involved. The market conditions may change, and the company’s performance may not meet expectations, which could result in a bearish scenario. Therefore, it is essential to consider various factors and make an informed decision based on one’s risk tolerance, investment objectives, and financial situation. I
nvestment experts may recommend buying or holding HPCL’s stock, depending on the market conditions, the company’s financial health, and other factors.
Hindustan Petroleum Corporation Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹488.26 | ₹341.79 |
| 2027 | ₹415.02 | ₹290.52 |
| 2028 | ₹747.04 | ₹522.93 |
| 2029 | ₹1,534.55 | ₹1,074.18 |
| 2030 | ₹1,708.93 | ₹1,196.25 |
Looking at the data provided, HPCL’s share price is expected to fluctuate significantly between 2026 and 2030. In 2026, the minimum price is predicted to be around ₹341.79 while the maximum price is expected to be around ₹488.26. This shows a bearish trend as the minimum price is lower than the minimum price in 2025. However, in 2028, the maximum price is expected to soar to ₹747.04, showing a bullish trend.
In 2029 and 2030, the average target price is significantly high, with a maximum price of ₹1,534.55 and ₹1,708.93, respectively, indicating a highly optimistic outlook for the company. However, the minimum price is also high, with ₹1,074.18 and ₹1,196.25, respectively, which implies that there could be significant volatility in the share price.
Investors should keep a close eye on HPCL’s performance in the coming years to see if it meets the high expectations set by the market. Overall, the data suggests that HPCL’s share price is likely to experience a mixture of bullish and bearish trends over the next few years, with an average target price that is highly optimistic.
Financial Condition of Hindustan Petroleum Corporation: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 2,19,509.87 | 2,75,490.64 | 2,69,091.53 | 2,33,248.45 | 3,49,913.18 |
| Expenses | 2,08,732.10 | 2,63,963.35 | 2,63,887.21 | 2,17,193.92 | 3,39,668.85 |
| Operating Profit | 10,777.77 | 11,527.29 | 5,204.32 | 16,054.53 | 10,244.33 |
| Other Income | 2,784.65 | 2,382.85 | 678.69 | 2,731.22 | 3,896.97 |
| Depreciation | 2,834.40 | 3,085.30 | 3,369.87 | 3,625.47 | 4,000.36 |
| Interest | 617.88 | 785.64 | 1,138.85 | 963.28 | 997.32 |
| Profit before tax | 10,110.14 | 10,039.20 | 1,374.29 | 14,197.00 | 9,143.62 |
| Tax | 2,891.86 | 3,348.57 | -1,264.44 | 3,534.11 | 1,849.39 |
| Net profit | 7,218.28 | 6,690.63 | 2,638.73 | 10,662.89 | 7,294.23 |
| EPS | 47.37 | 43.91 | 17.32 | 73.24 | 51.42 |
| Price to earning | 7.28 | 6.46 | 10.98 | 3.20 | 5.24 |
| Price | 344.85 | 283.85 | 190.10 | 234.50 | 269.35 |
| RATIOS: | |||||
| Dividend Payout | 35.90% | 36.22% | 56.32% | 30.99% | 27.23% |
| OPM | 4.91% | 4.18% | 1.93% | 6.88% | 2.93% |
Over the past five years, HPCL’s financial statements have seen both ups and downs. The company’s revenue growth has fluctuated, reaching a maximum of ₹3,49,913.18 crores in the financial year ending in March 2022, and a minimum of ₹2,19,509.87 crores in March 2018.
Meanwhile, the company’s expenses have followed a similar pattern, with a maximum of ₹3,39,668.85 crores in March 2022 and a minimum of ₹2,08,732.10 crores in March 2018. Despite these fluctuations, HPCL’s profit growth has shown an overall upward trend, with the company’s profit after tax (PAT) reaching a maximum of ₹10,662.89 crores in March 2021 and a minimum of ₹2,638.73 crores in March 2020.
The company’s earnings per share (EPS) have followed a similar pattern, reaching a high of ₹73.24 in March 2021 and a low of ₹17.32 in March 2020. Although the company’s dividend payout ratio has fluctuated between 27.23% and 56.32%, its operating profit margin (OPM) has remained relatively stable, with a maximum of 6.88% in March 2021 and a minimum of 1.93% in March 2020.
Overall, HPCL’s financial statements show a company that has experienced both growth and challenges over the past five years.
Hindustan Petroleum Corporation share price target by Experts
JM Financial target for the share price of Hindustan Petroleum Corporation
JM Financial has issued a recommendation to purchase shares of Hindustan Petroleum Corporation with a target price of Rs 260.
Sharekhan target for the share price of Hindustan Petroleum Corporation
Sharekhan has a positive outlook on Hindustan Petroleum Corporation and suggests purchasing the stock with an expected target price of Rs 265.
Prabhudas Lilladher target for the share price of Hindustan Petroleum Corporation
Prabhudas Lilladher is very optimistic about Hindustan Petroleum Corporation and has suggested that investors should purchase the stock with a goal price of Rs 310.
FAQS
Can we expect an increase in the share price of Hindustan Petroleum Corporation in 2023??
By the end of 2023, it is expected that the per share price of Hindustan Petroleum Corporation will rise to ₹2,518.89.
What is the share price target for Hindustan Petroleum Corporation in 2025?
The share price target of Hindustan Petroleum Corporation for 2025 might be around ₹4,277.78.
Write the share price target 2030 of Hindustan Petroleum Corporation.
By the end of 2030, the share price of Hindustan Petroleum Corporation is expected to reach approximately ₹26,280 per share.
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Conclusion
Given the rise in income, PAT, revenue, and profit during the previous five years, it is clear that HPCL has had consistent growth. The company was able to raise its sales by 59.54%, going from 2,19,509.87 crores in March 2018 to 3,49,913.18 crores in March 22. The company’s PAT increased by 1.05% from 7,218.28 crores in March 2018 to 7,294.23 crores in March 2018. Although revenue growth has been steady, profit growth has been inconsistent.
According to our research, HPCL shares appear to be a wise long-term investment choice. The company has a good track record of consistent growth and is expected to continue to do so in the future. As per our data, the share price has increased from ₹344.85 in Mar-18 to ₹269.35 in Mar-22, which is a decrease of 21.89%. However, the company’s earnings per share (EPS) have grown from ₹47.37 in Mar-18 to ₹51.42 in Mar-22, which is an increase of 8.52%.
Overall, HPCL shares appear to be a good investment option for investors who are looking for a long-term investment option. The current share price targets for 2023 to 2030 also suggest that the company has the potential to grow in the future, making it a good buy.
