Chennai Petroleum Corporation Limited

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Chennai Petroleum Corporation Limited

Chennai Petroleum Corporation Limited (CPCL) is a holding company. The Company operates in downstream
petroleum sector. CPCL has approximately two refineries with a combined refining capacity of over 11.5
million tons per annum (MMTPA). The Manali Refinery has a capacity of approximately 10.5 MMTPA and is a
refinery with fuel, lube, wax and petrochemical feedstocks production facilities. CPCL's second refinery is
located at Cauvery Basin at Nagapattinam, which was set up in Nagapattinam with a capacity of approximately
0.5 MMTPA and later enhanced to 1.0 MMTPA. The main products of the Company are LPG, Motor Spirit,
Superior Kerosene, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Bitumen, Lube Base Stocks, Paraffin
Wax, Fuel Oil, Hexane and Petrochemical feed stocks. The Wax Plant at CPCL has an installed capacity of over
30,000 tons per annum, which is designed to produce paraffin wax for manufacture of candle wax, waterproof
formulations, and match wax.

Shareholding pattern of the company


%TO
DESCRIPTION No. OF SHARES TOTAL SHARES NO. OF TOTAL
PHYSICA ELECTRONI Electroni
L C Physical c
7726520
Indian Oil Corporation Limited 0 77265200 0 51.89 0 1 1
2293290
Naftiran Inter-trade Co. Ltd. 0 22932900 0 15.40 0 1 1
1336215
Public (including Employees) 842964 12519189 3 8.97 7759 58878 66637
NBFC 0 6893 6893 0.00 0 11 11
Bodies Corporate 13400 2002973 2016373 1.35 42 688 730
Banks, FIs and Insurance
Companies 100 7770990 7771090 5.22 1 16 17
1139691
Mutual Funds and UTI 4600 11392318 8 7.65 5 20 25
Foreign Institutional Investors 2600 0 2600 0.00 7 0 7
IEPF 0 400263 400263 0.27 0 1 1

Non-Resident 1375701
Indians/OCBs/Foreign 453400 13303610 0 9.24 3275 2090 5365
Portfolio-Corp/Non-Resident
Indians (Non
Repatriable)/Foreign Nationals
1489114
Total 1317064 147594336 00 100.00 11089 61706 72795
Management of the company

Board of Directors Key Executives


Name Designation Name Designation
Mr.Rajeev Ailawadi Director - Finance Mr.K Venkatesan Chief General Manager
Mr.S Krishnan Director - Operations Mr.P Subrahmanyam Chief General Manager
Mr.B V Rama Gopal Director - Refineries Mr.Tarlana Kamaraju Chief General Manager
Mr.R Srikanthan Director - Technical Mr.M S Raghunathan Chief General Manager
Government Nominee Mr.M
Mrs.Perin Devi Chief General Manager
Director Sankaranarayanan
Ind. Non-Executive
Mr.Amitabh Mathur Mr.S Krishnan Chief General Manager
Director
Mr.D Duraiganesan Independent Director Mr.B Panneerselvam Chief General Manager
Mr.S N Pandey Managing Director Mr.P Jeevankumar Chief General Manager
Mr.Babak
Nominee Director Mr.V Shankar Chief General Manager
Bagherpour
Mr.Mohammad
Nominee Director Mr.J T Venkateswarlu Chief Vigilance Officer
Bagher Dakhili
Co. Secretary & Compl.
Mr.Sanjiv Singh Non Executive Chairman Mr.P Shankar
Office
Mrs.Sobha Non Official
Surendran Independent Director    

SWOT analysis of the company


Strengths:

 Growth in Net Profit with increasing Profit Margin (QoQ)


 
 Company with Zero Promoter Pledge

Weakness:

 MFs decreased their shareholding last quarter


 
 Degrowth in Revenue and Profit
 
 Declining Revenue every quarter for the past 4 quarters
 
 Low Petroski Score: Companies with weak financials
 
 Annual net profit declining for last 2 years
 
 Shooting Star (Bearish Reversal)

Opportunity:

 Positive Breakout Second Resistance (LTP > R2)


 
 Turnaround companies- loss to profit QoQ
 
 Decrease in Provision in recent results
 
 Stock with Low PE (PE < = 10)
 
 High Volume, High Gain

Threats:

 Increasing Trend in Non-Core Income

Competitive analysis of the company


Type Public
Type Public Sector Undertaking

BSE: 500109 Traded as BSE: 500110


Traded as
NSE: MRPL NSE: CHENNPETRO

Industry Oil and gas ISIN INE178A01016

Founded 7 March 1988 (32 years ago) [1] Industry Oil and gas

Headquarters Mudapadav, Kuthethoor P.O., Via Founded 18 November 1965[1]


Katipalla, 
Mangalore

India [1]
Key people Shashi Shankar (Chairman) Headquarters
Chennai
M. Venkatesh
(MD) , 
India
Products Petroleum, Petrochemicals and Natura Key people Shrikant Madhav
l gas Vaidya (Chairman)
S N Pandey (Managing
Director)
[2][3]

Revenue  ₹60,062.02 Products Diesel


crore (US$8.4 billion) [2] (2020) Kerosene
LPG
Petrochemicals
Petrol

Operating  ₹-5,399.56 crore (US$ Revenue ₹539.55


income −760 million) [2] (2020) billion (US$7.6 billion)[4] (2014)

Net income  ₹-3,352.92 crore (US$ Net income ₹3.4 billion (US$48 million)


[5]
−470 million) [2] (2020)  (2014)

Total assets  ₹30,641.91 Total assets ₹139.4


crore (US$4.3 billion) [3] (2020) billion (US$2.0 billion) (2014)

Total equity  ₹6,834.71 Number of 1632 (2020)


crore (US$960 million) [3] (2020) employees

Parent ONGC (71.63%) [4] Parent Indian Oil Corporation

Website www.mrpl.co.in Website www.cpcl.co.in

Conclusion
Form the above analysis the strength weakness opportunities and threats are clear and the main competition
to the CPCL is MRPL. The company is doing better form past few years it is a company in which investors can
rely and invest.

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