HPCL share price today

Hindustan Petroleum Corporation Ltd's share price was ₹366.35 at the close on 4 November 2026. It has been falling for 33 weeks. That is 3.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹326 and ₹496, and at that close it sat 24% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Hindustan Petroleum Corporation Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +239% while the NIFTY 500 moved +251%, so it is behind 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.

One change stood out: revenue up on a year earlier for 5 quarters in a row.

1. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹1,34,407 crore, +33.3% on a year earlier.

HPCL paid ₹24.25 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 6.62% at the ₹366.35 close on 4 November 2026. The last was a dividend of ₹19.25 a share, ex-date 14 August 2026.

HPCL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Hindustan Petroleum Corporation Ltd paid out 29% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), HPCL reported revenue of ₹1,34,407 crore, up 33.3% from ₹1,00,856 crore a year earlier, and a profit of ₹3,625 crore, down 6.1% from ₹3,859 crore.

HPCL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

HPCL's management discussed these results on a call held on 23 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

HPCL closed at ₹366.35 on 4 November 2026, down 23.6% from ₹479.55 a year earlier (7 November 2025) and up 70.7% over five years. Its highest weekly close since March 2016 was ₹495.85 on 2 January 2026.

HPCL share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. 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.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: HPCL closed at ₹366.35, up 7.6% on the week and up 6.2% on the month. 23 Oct 2026: HPCL held its results call for July to September 2026. Management guided: HRRL December run-rate: Q&A stated 8-8.5 MMTPA versus 8-9 MMTPA in opening remarks; cracker/DFSU expected in Q4, with no material FY27 petrochemical benefit except propylene.

Earlier

• Results for July to September 2026: Revenue up 33.3% and profit down 6.1% on a year earlier.
• 14 Aug 2026: ex-date for a dividend of ₹19.25 a share.
• 6 Nov 2025: ex-date for an interim dividend of ₹5 a share.
• 21 Jun 2024: Bonus issue: 1 new share for every 2 held (ex-date).

On the call for July to September 2026, held on 23 October 2026, HPCL's management guided: HRRL December run-rate: Q&A stated 8-8.5 MMTPA versus 8-9 MMTPA in opening remarks; cracker/DFSU expected in Q4, with no material FY27 petrochemical benefit except propylene.

“If we are fortunate, and again, I am not saying this as guidance but sharing our excitement, in October itself we expect the refinery to be PBT-positive.”Rajneesh Narang, Chairman & Managing Director, on the call for July to September 2026

What management guided

• HRRL Q4 GRM expected above $20/bbl after the switch to high-sulfur crude.
• HRRL interest savings: ₹472-500 Cr annually from refinancing plus about ₹350 crore from loan conversion; further calls in 1-2 quarters goal about ₹1,000 crore lower interest. Rajasthan support includes ₹1,100 crore annually in interest-free loans for about 15 years.
• Visakh RUF expected to deliver its full $2-3/bbl uplift by March, potentially earlier.
• Samriddhi 2.0 run-rate of ₹600-700 Cr for FY27 described as locked in.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 23 October 2026.

When HPCL reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: HRRL remaining-unit and SRU completion; check the throughput ramp and high-sulfur crude transition against stated timing.

HPCL is on 3 of our India lists: Dividend stocks, Small & mid cap stocks and Oil & gas stocks.

Hindustan Petroleum Corporation Ltd earned ₹3,625 Cr of net profit in the Sep 2026 quarter, −6.1% on the same quarter a year earlier. Full-year FY26 profit was ₹18,047 Cr. Over 10 years profit has grown 14.5% a year on average. That is 2.7% of the quarter's revenue. The same quarter a year earlier earned ₹3,859 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹18,047 Cr (+167.9% on the year before).

Why profit moved: revenue changed +33.3% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −67.3% and revenue +17.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

Hindustan Petroleum Corporation Ltd reported ₹1,34,407 Cr of revenue in the Sep 2026 quarter, +33.3% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 9.5% a year on average. The last full year, FY26, came in at ₹4,41,771 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,05,081 Cr.

FY26 revenue was ₹4,41,771 Cr, +1.8% on the year before.

Recent pace: the last four quarters grew +17.3% on average, against 9.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +16.9%, against +7.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −89.7%, against −41.5% a year (rolling over).

Hindustan Petroleum Corporation Ltd's operating margin was 7.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −1.6% and 7.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.1 percentage points on the year while gross margin changed −1.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 182% of Hindustan Petroleum Corporation Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹36,111 Cr of operating cash against ₹18,047 Cr of profit. After ₹11,664 Cr of spending on assets, ₹24,447 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 182% of profit came in as cash: the cash cycle got 19 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Hindustan Petroleum Corporation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 14 days in FY26, down from 33 days in FY21. It spent ₹33,566 Cr on assets over the last 3 years. Customers take 6 days to pay, and stock sits for 38 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,41,771 Cr, each day of that cycle ties up about ₹1,210 Cr, so roughly ₹16,945 Cr is tied up in the business at any time.

FY26: customers took 6 days to pay and stock sat for 38 days, about 1.3 months of sales sitting as stock, for a full cycle of 14 days, shorter than FY21's 33.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 38 days. Customers pay about 6 days after that. Suppliers are paid at 30 days. Together that makes the 14-day cycle.

Spending on assets: ₹33,566 Cr over the last 3 years, against ₹19,097 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 ₹8,033 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.

Hindustan Petroleum Corporation Ltd's P/E is 54.1×, about the highest it has ever been. Its usual P/E (the middle reading) is 5.8×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.