Hindustan Oil Exploration Company (HINDOILEXP) Fair Value & Analysis
Energy · IN · Market cap ₹21.1B (≈ $224M) · ISIN INE345A01011
What is Hindustan Oil Exploration Company really worth?
Below-average quality, and trading another 293% above our fair value of ₹47.10.
As of Aug 21, 2026, the fair value of Hindustan Oil Exploration Company is ₹47.10 per share against a price of ₹185.25, so the fair value sits 75% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 21, 2026
From 22 valuation models · updated 16 days ago
Share price +16.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹59.44). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹32.26 to ₹59.44) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ₹97.20 – ₹286.00 · fair‑value band ₹32.26 – ₹59.44 · the ₹185.25 price screens above the ₹47.10 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Hindustan Oil Exploration Company (HINDOILEXP) currently trades at ₹185.25, while our model-based Fair Value estimate is ₹47.10, implying the stock looks roughly 293.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of ₹75.91 per share, and 0 of the 22 models we run sit above the ₹185.25 price. Bear case: the Growth DCF group reads lowest at ₹5.05, and 22 of the 22 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Hindustan Oil Exploration Company generated revenue of ₹5.8B at a net margin of 24.2%. Revenue grew 232.3% year over year. It earns a return on equity of 10.9%. Net debt stands at ₹300M. Fundamentals as of Aug 21, 2026
Our scenario range runs from ₹32.26 (bear case) to ₹59.44 (bull case); at ₹185.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −36% fair-value upside, at −75%, HINDOILEXP screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹4.65 per share, which is 9.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 22 models by family
Widest divergence: Growth Earnings (₹75.91) versus Growth DCF (₹5.05). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hindustan Oil Exploration Company Limited engages in the exploration, development, and production of onshore and offshore crude oil and natural gas in India. It provides oil field equipment and services. The company was incorporated in 1983 and is based in Chennai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Hindustan Oil Exploration Company reported revenue of ₹2.6B in FY2026 versus ₹1.6B in FY2022, a compound +14.0%/yr. Reported net income was ₹627M in FY2026, compounding +33.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
HINDOILEXP screens 293% overvalued. Compare with CNOOC Limited →
Peer Group
Oil & Gas E&P · 293 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas E&P median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CNOOC Limited 600938 | ¥32.85 | ¥32.55 | −1% |
| ConocoPhillips explores for, COP | $130.35 | $90.15 | −31% |
| Canadian Natural Resources Limited CNQ | C$69.78 | C$44.78 | −36% |
| EOG Resources, Inc EOG | $143.35 | $132.20 | −8% |
| Occidental Petroleum Corporation OXY | $59.17 | $30.06 | −49% |
| Diamondback Energy, Inc FANG | $199.22 | $105.24 | −47% |
| Devon Energy Corporation DVN | $47.35 | $27.06 | −43% |
| Woodside Energy Group WDS | A$32.55 | A$20.71 | −36% |
| EQT Corporation EQT | $54.57 | $42.85 | −21% |
| Texas Pacific Land Corporation TPL | $366.50 | $77.26 | −79% |
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