# Hindustan Oil Exploration Company share price today (Hindustan Oil Exploration Company Ltd, NSE: HINDOILEXP)

> Hindustan Oil Exploration Company share price today: ₹155.64 at the NSE close on 4 November 2026, up 4.4% in a year. Hindustan Oil Exploration Company (NSE: HINDOILEXP) is worth ₹2,061 crore, trades at a P/E of 82.0 and has closed between ₹121.03 and ₹185.25 over the past 52 weeks. > Hindustan Oil Exploration Company Ltd's share price has risen faster than its earnings: +4.4% in a year, against −57.3% for earnings per share. HINDOILEXP · Oil Drilling & Exploration · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹155.64 (+4.4% in a year)
- P/E: 82.0× (higher than 88% of the last 9.2 years)
- Revenue (Jun 2026): ₹114 Cr (+45.2% on a year ago)
- Profit (Jun 2026): ₹6.2 Cr (−85.8% on a year ago)
- Operating margin: 4.8% (−36.1 points on a year ago)
- ROCE: 3%, FY26
- ROIC: −0.1%, against a 12.0% cost of capital: −12.1 points

The main question: the share price moved +4.4% in a year while yearly earnings per share moved −57.3%. The difference came from the market paying a higher multiple. ## What is the Hindustan Oil Exploration Company share price today? Hindustan Oil Exploration Company Ltd's share price was ₹155.64 at the close on 4 November 2026. It has been rising for 9 weeks. That is 4.4% below its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row. In the last 52 weeks it traded between ₹121 and ₹185, and at that close it sat 54% of the way up from that low. Over the last 11 years the share price moved +409% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Hindustan Oil Exploration Company this quarter? Three changes stood out: lowest operating margin in 14 quarters, revenue grew again in the June 2026 quarter and foreign funds (FIIs) raised their stake for 3 quarters in a row. 1. Lowest operating margin in 14 quarters Operating margin was 4.8% in the June 2026 quarter, against 40.9% a year earlier. 2. Revenue grew again in the June 2026 quarter Revenue was ₹114 crore, +45.2% on a year earlier (₹79 crore), after 2 quarters of decline. Why: Revenue rose because Kharsang produced more crude, Brent oil prices helped, and the company sold some B-80 crude it had stored. Next results: check whether the rest of the B-80 crude is sold by early November, as management targets. From the earnings call on 13 Aug 2026. 3. Foreign funds (FIIs) raised their stake for 3 quarters in a row From 1.4% to 2% of the company by the September 2026 quarter. ## What are Hindustan Oil Exploration Company's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Hindustan Oil Exploration Company reported revenue of ₹114 crore, up 45.2% from ₹78.7 crore a year earlier, and a profit of ₹6.24 crore, down 85.8% from ₹43.9 crore. ### Hindustan Oil Exploration Company results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹114 crore | ₹78.7 crore | +45.2% |
| Profit | ₹6.24 crore | ₹43.9 crore | −85.8% |
| Earnings per share | ₹0.47 | ₹3.32 | −85.8% |
| Operating margin | 4.8% | 40.9% | −36.1 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Hindustan Oil Exploration Company's management discussed these results on a call held on 13 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Hindustan Oil Exploration Company share price history? Hindustan Oil Exploration Company closed at ₹155.64 on 4 November 2026, up 4.4% from ₹149.01 a year earlier (7 November 2025) and down 21.7% over five years. Its highest weekly close since March 2016 was ₹285.80 on 2 August 2024. ### Hindustan Oil Exploration Company share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹153.60 | +1.3% |
| 1 month ago · 1 Oct 2026 | ₹167.30 | −7.0% |
| 6 months ago · 8 May 2026 | ₹164.19 | −5.2% |
| 1 year ago · 7 Nov 2025 | ₹149.01 | +4.4% |
| 3 years ago · 3 Nov 2023 | ₹166.90 | −6.7% |
| 5 years ago · 4 Nov 2021 | ₹198.85 | −21.7% |
| 10 years ago · 4 Nov 2016 | ₹62.15 | +150.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹30.60 | +408.6% |
| Highest weekly close since March 2016 · 2 Aug 2024 | ₹285.80 | −45.5% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹29.85 | +421.4% |
| 52-week high (weekly close) · 11 Sep 2026 | ₹185.25 | −16.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹121.03 | +28.6% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Hindustan Oil Exploration Company? 4 Nov 2026: Hindustan Oil Exploration Company closed at ₹155.64, up 1.3% on the week and down 7.0% on the month. 13 Aug 2026: Hindustan Oil Exploration Company held its results call for April to June 2026. Management guided: B-80 campaign: October rig mobilisation; D1/D2 workovers planned into year-end production at 500-800 barrels per well and 3-5 MMSCFD; three new wells by June 2027 at 1,000-1,500 barrels each. ### Earlier

- Results for April to June 2026: Revenue up 45.2% and profit down 85.8% on a year earlier. ## What dividend does Hindustan Oil Exploration Company pay? Hindustan Oil Exploration Company has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Hindustan Oil Exploration Company Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Hindustan Oil Exploration Company management say on the latest results call? On the call for April to June 2026, held on 13 August 2026, Hindustan Oil Exploration Company's management guided: B-80 campaign: October rig mobilisation; D1/D2 workovers planned into year-end production at 500-800 barrels per well and 3-5 MMSCFD; three new wells by June 2027 at 1,000-1,500 barrels each. > “To deliver the B-80 program, we will have to rely on debt, and we are in the process of raising debt.”
> Baroruchi Mishra, on the call for April to June 2026

### What management guided

- HPCL B-80 crude inventory: 120,000-150,000 barrels planned for sale in October, with full removal by end-October or early November. - Dirok DNPL hot taps and IGGL interconnection planned by December; restored capacity of 2.5 million standard cubic meters per day and exchange monetisation potentially within 3 days. - Kharsang gas pipeline expected to require 14-18 months across route survey, rights-of-way and construction; ideal completion by end of December next year. - PY-1 two new wells to be spudded only after a firm GSA or take-or-pay agreement with IOCL or GAIL. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/134/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 13 August 2026.)

## What to watch in Hindustan Oil Exploration Company's next results? When Hindustan Oil Exploration Company reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: B-80 financing, rig award and workover mobilisation - check campaign commencement and whether water-cut control improves production. - What to check (from the call)
- B-80 financing, rig award and workover mobilisation - check campaign commencement and whether water-cut control improves production. - DNPL hot-tapping and IGGL interconnection - check execution progress and whether the planned year-end online date remains intact. - HPCL crude resale and conciliation - check offtake completion and cash recovery. - PY-1 rigless intervention and gas-sales agreement - check near-term production response and readiness for new-well drilling. ## Which stock lists is Hindustan Oil Exploration Company on? Hindustan Oil Exploration Company is on one of our India lists: Oil & gas stocks. [Oil & gas stocks Group on the list: Oil and gas producers](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is Hindustan Oil Exploration Company profitable? Hindustan Oil Exploration Company Ltd earned ₹6.2 Cr of net profit in the Jun 2026 quarter, −85.8% on the same quarter a year earlier. Full-year FY26 profit was ₹63.0 Cr. Over 10 years profit has grown 28.8% a year on average. That is 5.5% of the quarter's revenue. The same quarter a year earlier earned ₹43.9 Cr. For the full year, FY26 profit was ₹63.0 Cr (−57.1% on the year before). Why profit moved: revenue changed +45.2% on a year earlier and the margin moved −36.1 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −81.3% and revenue −86.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Hindustan Oil Exploration Company make, and is it growing? Hindustan Oil Exploration Company Ltd reported ₹114 Cr of revenue in the Jun 2026 quarter, +45.2% on the same quarter a year earlier. Over 10 years it has grown 18.5% a year on average. The last full year, FY26, came in at ₹263 Cr. The last four reported quarters add to ₹299 Cr. FY26 revenue was ₹263 Cr, −37.5% on the year before. Recent pace: the last four quarters grew −86.4% on average, against 18.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −17.8%, against −35.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −83.2%, against −64.8% a year (rolling over). ## How much of every ₹100 of sales does Hindustan Oil Exploration Company keep? Hindustan Oil Exploration Company Ltd's operating margin was 4.8% in the Jun 2026 quarter, 36.1 percentage points lower than the same quarter a year ago. Across 13 years it has been between −32.0% and 71.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −6.2 percentage points on the year while gross margin changed −209.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Hindustan Oil Exploration Company's profit turning into cash? Over the last 3 years, 106% of Hindustan Oil Exploration Company Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹178 Cr of operating cash against ₹63.0 Cr of profit. After ₹374 Cr of spending on assets, free cash was −₹196 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Hindustan Oil Exploration Company's cash go? Hindustan Oil Exploration Company Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹263 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹493 Cr on assets over the last 3 years. Averaged over those years that is 62.5% of FY26 revenue a year. Spending on assets: ₹493 Cr over the last 3 years, against ₹233 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹87.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Hindustan Oil Exploration Company's P/E ratio, and how does it compare with its own history? Hindustan Oil Exploration Company Ltd's P/E is 82.0×, near the high end of its own history: higher than 88% of past readings. Its usual P/E (the middle reading) is 23.3×, over 9.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −57.3% while the price moved +4.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −4.8% a year; about −8.1% a year came from earnings growth and about +3.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Hindustan Oil Exploration Company business getting better or worse? Hindustan Oil Exploration Company Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −17.8% in the latest quarter, against +108.5% at its best in 12 quarters, with ROCE falling at 2.6%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Hindustan Oil Exploration Company earn on its capital? Hindustan Oil Exploration Company Ltd earned a ROCE of 3% in FY26. That is up from a low of −8% in FY14. Its return on capital used (ROIC) is 12.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 24.0% net margin and 0.12× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 24.0% net margin × 0.12× asset turnover × 1.57× leverage (assets divided by equity) ≈ 4.5% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: −0.1% − 12.0% = −12.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −0.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 2.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Hindustan Oil Exploration Company have too much debt? Hindustan Oil Exploration Company Ltd has total debt of ₹50.0 Cr against shareholder equity of ₹1,385 Cr as of Jun 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.47 in FY22 to 0.04 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Hindustan Oil Exploration Company shareholding pattern? No group of Hindustan Oil Exploration Company Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.1 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.3 points over 8 quarters, to 1.9%; Domestic institutions: −0.1 points over 8 quarters, to 0.1%. ## How far is Hindustan Oil Exploration Company from balance-sheet trouble? For Hindustan Oil Exploration Company Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Hindustan Oil Exploration Company rank in its industry? 22.2 out of 100, rank 9 of 10 in Oil Drilling & Exploration, with 89% of the evidence available. Hindustan Oil Exploration Company Ltd scores 22.2 out of 100 against the 10 companies it is compared with in Oil Drilling & Exploration, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 4.4 + 5 + 8 + 4.8 = 22.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Hindustan Oil Exploration Company compared with? Hindustan Oil Exploration Company ranks 9 of 10 Oil Drilling & Exploration companies on the 4-Factor Sector Score, with 22.2 out of 100. 1. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ANTELOPUS · breaking out · Most evidence points up · 82% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 82.3% · Profit 100% · Operating margin change 16 points · 95% evidence Capital efficiency 21.0/25 · ROCE 19.9% · Operating margin 69% · 76% evidence Valuation 7.6/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 19.3/20 · Lead over its industry 23.7% · Lead over NIFTY 500 47.3% · 1 year 74.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.4 + 21 + 7.6 + 19.3 = 75.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) DEEPINDS · leader · Most evidence points up · 78% evidence 69.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 48.7% · Profit 100% · Operating margin change -2 points · 83% evidence Capital efficiency 16.8/25 · ROCE 16.5% · Operating margin 39% · 76% evidence Valuation 12.1/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 15.4/20 · Lead over its industry 12.8% · Lead over NIFTY 500 36.3% · 1 year 38.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25 + 16.8 + 12.1 + 15.4 = 69.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) DOLPHIN · breaking out · Most evidence points up · 93% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 82% · Profit 41.5% · Operating margin change -26 points · 100% evidence Capital efficiency 15.7/25 · ROCE 14.9% · Operating margin 63% · 100% evidence Valuation 12.0/20 · P/E 32.4× · PEG 0.85 · 65% evidence Relative strength 18.6/20 · Lead over its industry 15% · Lead over NIFTY 500 40.1% · 1 year 63.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.4 + 15.7 + 12 + 18.6 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Drilling Tools Ltd](https://www.sectoralpha.in/stocks/united-drilling-tools-ltd) UNIDT · Evidence leans up · 76% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/43.75 · Revenue 7.6% · Profit 26.3% · Operating margin change -1.4 points · 88% evidence Capital efficiency 14.8/31.25 · ROCE 10.4% · Operating margin 17.8% · 100% evidence Valuation 16.8/25 · P/E 25.7× · PEG 0.99 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.5 + 14.8 + 16.8 = 56.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 5. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ASIANENE · leader · Evidence leans up · 84% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 100% · Profit 100% · Operating margin change 3 points · 74% evidence Capital efficiency 11.9/25 · ROCE 16.3% · Operating margin 11% · 100% evidence Valuation 12.8/20 · P/E 25.2× · PEG 0.85 · 65% evidence Relative strength 9.5/20 · Lead over its industry 2.1% · Lead over NIFTY 500 23.7% · 1 year 22.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.2 + 11.9 + 12.8 + 9.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Oil India Ltd](https://www.sectoralpha.in/stocks/oil-india-ltd) OIL · breaking out · Evidence leans up · 78% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 19.2% · Profit 34.8% · Operating margin change 16 points · 83% evidence Capital efficiency 13.1/25 · ROCE 11.5% · Operating margin 46% · 76% evidence Valuation 9.7/20 · P/E 8.8× · PEG n/a · 50% evidence Relative strength 7.1/20 · Lead over its industry -16.2% · Lead over NIFTY 500 4.4% · 1 year 4.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.9 + 13.1 + 9.7 + 7.1 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jindal Drilling & Industries Ltd](https://www.sectoralpha.in/stocks/jindal-drilling-industries-ltd) JINDRILL · quiet · Evidence leans down · 74% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.9% · Profit -19.3% · Operating margin change -6 points · 88% evidence Capital efficiency 13.8/25 · ROCE 13.7% · Operating margin 36% · 100% evidence Valuation 16.1/20 · P/E 7.4× · PEG 0.62 · 65% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -6.5% · 1 year -13.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 9.3 + 13.8 + 16.1 + 8 = 47.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Oil & Natural Gas Corpn Ltd](https://www.sectoralpha.in/stocks/oil-natural-gas-corpn-ltd) ONGC · turning · Evidence leans down · 78% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 7.1% · Profit 11.7% · Operating margin change -8 points · 83% evidence Capital efficiency 13.1/25 · ROCE 14.2% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 6.5× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -25.5% · Lead over NIFTY 500 -6.5% · 1 year -11.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.2 + 13.1 + 11.9 + 0 = 41.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Hindustan Oil Exploration Company Ltd this page HINDOILEXP · losing its lead · Most evidence points down · 89% evidence 22.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.4/35 · Revenue -17.8% · Profit -80% · Operating margin change -36.1 points · 88% evidence Capital efficiency 5.0/25 · ROCE 3.5% · Operating margin 4.8% · 100% evidence Valuation 8.0/20 · P/E 80.6× · PEG 1.2 · 65% evidence Relative strength 4.8/20 · Lead over its industry -16.6% · Lead over NIFTY 500 3.4% · 1 year 0.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 4.4 + 5 + 8 + 4.8 = 22.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Deep Energy Resources Ltd(Merged)](https://www.sectoralpha.in/stocks/deep-energy-resources-ltd-merged) DEEPENR · Too little evidence to rank firmly · 24% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/43.75 · Revenue -80% · Profit -80% · Operating margin change 32.5 points · 27% evidence Capital efficiency 7.1/31.25 · ROCE -0.2% · Operating margin -10.6% · 57% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 21.8 + 7.1 + 12.5 = 41.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil Drilling & Exploration](https://www.sectoralpha.in/sectors/oil-drilling-exploration), all 10 compared on one page. ## Which companies are close to Hindustan Oil Exploration Company in size? Hindustan Oil Exploration Company is the 6th largest of 10 Oil Drilling & Exploration companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Deep Industries, Antelopus Selan Energy and Dolphin Offshore Enterprises (India). Just below it: Asian Energy Services, Jindal Drilling & Industries and Deep Energy Resources Ltd(Merged). ### Oil Drilling & Exploration companies close in size

1. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) ₹4,272 crore
2. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ₹3,525 crore
3. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) ₹2,435 crore
4. Hindustan Oil Exploration Company Ltd ₹2,026 crore
5. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ₹2,014 crore
6. [Jindal Drilling & Industries Ltd](https://www.sectoralpha.in/stocks/jindal-drilling-industries-ltd) ₹1,434 crore
7. [Deep Energy Resources Ltd(Merged)](https://www.sectoralpha.in/stocks/deep-energy-resources-ltd-merged) ₹999 crore

[All 10 Oil Drilling & Exploration companies, largest first](https://www.sectoralpha.in/sectors/oil-drilling-exploration#all-companies)

### Companies close in size in other industries

1. [Max India Ltd(Merged)](https://www.sectoralpha.in/stocks/max-india-ltd-merged) ₹2,029 crore · Hospitals & Diagnostics
2. [Siyaram Silk Mills Ltd](https://www.sectoralpha.in/stocks/siyaram-silk-mills-ltd) ₹2,028 crore · Textiles - Weaving
3. Hindustan Oil Exploration Company Ltd ₹2,026 crore
4. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ₹2,014 crore · Oil Drilling & Exploration
5. [GSP Crop Science Ltd](https://www.sectoralpha.in/stocks/gsp-crop-science-ltd) ₹2,014 crore · Pesticides/Agrochemicals

## What else do people ask about Hindustan Oil Exploration Company? ### What is Hindustan Oil Exploration Company's share price today? Hindustan Oil Exploration Company Ltd's share price is ₹155.64, +4.4% over the past year. The whole company is worth ₹2,061 Cr on the market. In the last 52 weeks it traded between ₹121 to ₹185; today it is 54% of the way up from the low, 4.4% below its 200-day average (as of 4 November 2026). ### What were Hindustan Oil Exploration Company's latest quarterly results? Hindustan Oil Exploration Company Ltd reported revenue of ₹114 Cr and net profit of ₹6.2 Cr for the Jun 2026 quarter. Revenue rose 45.2% and profit fell 85.8% compared with a year earlier. Earnings per share were ₹0.47 (as of 4 November 2026). ### What is Hindustan Oil Exploration Company's market cap? Hindustan Oil Exploration Company Ltd's market capitalisation is ₹2,061 Cr at a share price of ₹155.64. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Hindustan Oil Exploration Company performing? Hindustan Oil Exploration Company Ltd's share price has been rising for 9 weeks. In its latest quarter, revenue rose 45.2% and profit fell 85.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 4 November 2026). ### Will Hindustan Oil Exploration Company's share price go up? This page does not forecast Hindustan Oil Exploration Company Ltd's share price. What it shows instead: the share price is ₹155.64, and it has been rising for 9 weeks. Its P/E of 82.0× is higher than 88% of its own last 9 years (as of 4 November 2026). ### Does Hindustan Oil Exploration Company have too much debt? No, Hindustan Oil Exploration Company Ltd has little debt: its debt is 0.04× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹50.0 Cr against equity of ₹1,384 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Hindustan Oil Exploration Company in its business cycle? Hindustan Oil Exploration Company Ltd's FY26 operating margin was 42.0%, against a 13-year range of −32.0% to 71.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 4.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Hindustan Oil Exploration Company story? The main question: the share price moved +4.4% in a year while yearly earnings per share moved −57.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Hindustan Oil Exploration Company a stock worth studying right now? What the numbers show: Hindustan Oil Exploration Company Ltd's share price has risen faster than its earnings: +4.4% in a year, against −57.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Hindustan Oil Exploration Company share price forecast for 2026? What management itself guided: B-80 campaign: October rig mobilisation; D1/D2 workovers planned into year-end production at 500-800 barrels per well and 3-5 MMSCFD; three new wells by June 2027 at 1,000-1,500 barrels each. ## Lists

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