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HPCL-MITTAL ENERGY LIMITED

Active
Updated: 15 Dec 2025

HPCL-Mittal Energy Limited is a joint venture in the oil and gas industry focused on refining, marketing, and distributing petroleum products across India. It operates a modern refinery and petrochemical complex, producing fuels and lubricants that meet domestic and international standards, thereby contributing to energy security and economic growth.

Hpcl-Mittal Energy Limited, is an unlisted public company incorporated on 13 December, 2000. It is classified as a public limited company and is located in , Punjab. It's authorized share capital is INR 10,000.00 cr and the total paid-up capital is INR 8,041.14 cr.

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Subscription Plans
Industry and products
Manufacturing (Metals & Chemicals and their products)
  • aviation fuel, and petroleum coke products., liquefied petroleum gas, sulphur
Company size
Auth Capital
₹ 10,000.0 Cr
Paidup Capital
₹ 8,041.1 Cr
Revenue
₹ >5000 cr
# Key metrics of Hpcl-Mittal Energy Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 10,000.0 Cr | | | Paidup Capital | ₹ 8,041.1 Cr | | | Revenue | ₹ >5000 cr | | | Total Revenue | ₹99,191.8 | 8.27% | | EBITDA | ₹3,264.3 | -48.16% | | Net Profit | ₹-820.5 | -149.44% | | Networth | ₹14,521.0 | -7.77% | | Borrowings | ₹35,166.1 | -1.26% | | Assets | ₹68,232.8 | 0.14% | | Gross Margin | 27.0% | -2.73 | | Operating Margin | 3.3% | -3.59 | | Net Profit Margin | -0.8% | -2.64 | | Return on Equity | -5.7% | -16.19 | | ROCE | 3.3% | -6.31 | | Debt to Equity | 2.4 | 0.16 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
8.27%
₹ 99,191.8
EBITDA
-48.16%
₹ 3,264.3
Net Profit
-149.44%
₹ -820.5
Networth
-7.77%
₹ 14,521.0
Borrowings
-1.26%
₹ 35,166.1
Assets
0.14%
₹ 68,232.8
Gross Margin
-2.73
27.0 %
Operating Margin
-3.59
3.3 %
Net Profit Margin
-2.64
-0.8 %
Return on Equity
-16.19
-5.7 %
ROCE
-6.31
3.3 %
Debt to Equity
0.16
2.4
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (23)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Director Rajan Tandon 01968916 16 years
Managing Director Prabh Das 00164799 15 years
Director Rajneesh Narang
Shareholder
08188549 5 years
Director Jagjeet Singh Bindra 00354270 8 years
Director Bharathan Shunmugavel
Shareholder
09561481 3 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 51,730.5 89,551.2 96,150.6 91,330.2 98,912.5
Operating profit 940.6 5,435.6 7,848.5 6,296.9 3,264.3
Net profit 225.7 1,203.3 4,953.2 1,659.6 -820.5
Gross margin 54.9 41.9 30.7 29.8 27.0
Operating margin 1.8 6.1 8.2 6.9 3.3
Net margin 0.4 1.3 5.1 1.8 -0.8
Networth 10,507.0 10,967.5 14,630.1 15,744.8 14,521.0
Borrowings 29,941.1 31,935.1 37,530.4 35,616.1 35,166.1
Assets 51,738.8 60,477.8 67,441.9 68,138.3 68,232.8
Debt to equity 2.9 2.9 2.6 2.3 2.4
Current ratio 1.2 1.2 1.1 1.0 0.9
ROE 2.1 11.0 33.9 10.5 -5.7
Days payable 77.0 69.0 32.0 37.0 37.0
WC days 9.0 9.0 6.0 -1.0 -9.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 8,041.1 8,041.1 8,041.1 8,041.1 8,041.1
Reserves 2,465.9 2,926.4 6,589.0 7,703.7 6,479.9
Borrowings + 29,941.1 31,935.1 37,530.4 35,616.1 35,166.1
Long term borrowings 29,925.4 31,238.9 31,579.4 27,073.7 27,082.1
Short term borrowings 15.7 696.2 5,951.0 8,542.4 8,084.0
Trade payables + 4,918.4 9,844.6 5,839.5 6,504.3 7,341.1
Days payable 77.0 69.0 32.0 37.0 37.0
Other liabilities + 11,290.7 17,575.2 15,281.4 16,777.4 18,545.7
Other non-current liabilities 3,388.0 4,299.8 6,244.0 7,693.8 8,437.4
Other current liabilities 2,984.3 3,430.8 3,197.9 2,579.3 2,767.2
Total liabilities 51,738.8 60,477.8 67,441.9 68,138.3 68,232.8
Fixed Assets + 39,510.5 42,683.3 49,209.8 48,879.1 48,334.3
Tangible assets 21,073.9 20,648.8 43,840.2 48,196.9 47,333.8
CWIP 18,409.8 22,004.4 5,335.7 647.9 954.5
Intangible assets 26.8 30.1 33.9 34.3 46.0
LT loans and advances 37.8 - - 5.6 749.1
Other non-current assets 2,977.0 1,584.8 1,639.7 1,882.9 3,426.7
Current assets + 9,213.5 16,209.7 16,592.4 17,370.7 15,722.7
Inventories 5,983.4 10,432.4 10,431.7 11,449.0 11,561.0
Trade receivables 1,869.6 3,597.0 2,274.3 1,972.1 2,852.6
Cash and cash equivalents 900.4 1,527.1 2,757.0 1,844.3 406.2
ST loans and advances 0.2 - - - 266.9
Other current assets 459.9 653.2 1,129.4 2,105.3 636.0
Total assets 51,738.8 60,477.8 67,441.9 68,138.3 68,232.8
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 51,730.5 89,551.2 96,150.6 91,330.2 98,912.5
Sales growth % -10.82 73.11 7.37 -5.01 8.3
Expenses + 52,455.5 85,880.3 90,379.4 89,402.8 100,209.9
Cost of goods 23,318.1 52,047.5 66,607.5 64,139.6 72,162.6
Employee cost 286.2 329.2 381.1 621.5 658.2
Other costs 27,185.6 31,738.9 21,313.5 20,272.2 22,827.4
Operating profit + 940.6 5,435.6 7,848.5 6,296.9 3,264.3
Operating margin % 1.8 6.1 8.2 6.9 3.3
Other income 828.3 281.3 317.1 284.7 279.3
Interest 851.9 902.2 1,186.4 2,762.9 2,829.0
Depreciation 813.7 862.5 890.9 1,606.6 1,732.7
Exceptional items - - - - -
Profit before tax 103.3 3,952.2 6,088.3 2,212.1 -1,018.1
Tax -122.4 2,748.9 1,135.1 552.5 -197.6
Profit - disc. ops - - - - -
Net profit 225.7 1,203.3 4,953.2 1,659.6 -820.5
Net margin % 0.4 1.3 5.1 1.8 -0.8
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 2.9 2.9 2.6 2.3 2.4
Net Debt/Equity 2.8 2.8 2.4 2.1 2.4
Total Debt/Assets 0.6 0.5 0.6 0.5 0.5
Total Assets/Equity 4.9 5.5 4.6 4.3 4.7
Liquidity +
Current Ratio 1.2 1.2 1.1 1.0 0.9
Quick Ratio 0.4 0.4 0.4 0.3 0.2
Interest Coverage 1.1 6.0 6.6 2.3 1.1
Performance
Gross Margin 54.9 41.9 30.7 29.8 27.0
Operating Margin 1.8 6.1 8.2 6.9 3.3
Net Margin 0.4 1.3 5.1 1.8 -0.8
Return +
Return on Equity 2.1 11.0 33.9 10.5 -5.7
Pre-tax ROCE 0.3 10.2 13.7 9.7 3.3
Return on Assets 0.4 2.0 7.3 2.4 -1.2
Pre-tax ROIC 0.3 11.1 14.1 9.5 3.1
Efficiency +
Days Payable 77.0 69.0 32.0 37.0 37.0
Days Inventory 94.0 73.0 57.0 65.0 58.0
Days Receivable 13.0 15.0 9.0 8.0 11.0
Fixed Asset Turnover 1.3 2.1 1.9 1.9 2.0
Total Asset Turnover 1.0 1.5 1.4 1.3 1.4
Working Capital
Cash Conversion Cycle 30.0 19.0 34.0 36.0 32.0
Working Capital Days 9.0 9.0 6.0 -1.0 -9.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

SBICap Trustee Company Limited

No. of Loans: 9

Total Amount : 42,965.0 cr

2

Bank of India

No. of Loans: 1

Total Amount : 1,000.0 cr

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Charges

SBICap Trustee Company Limited
Bank of India

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
ARCELORMITTAL NIPPON STEEL INDIA LIMITED
Active
25,041.3 Cr 1 Gujarat
HPCL-MITTAL PIPELINES LIMITED
Active
1,223.0 Cr 3 Punjab
HPCL-MITTAL SERVICES LIMITED
Strike Off
0.0 1 Punjab
MITTAL ENERGY INDIA SERVICES PRIVATE LIMITED
Amalgamated
3.1 Cr 1 Maharashtra
PRIZE PETROLEUM COMPANY LIMITED
Active
245.0 Cr 2 Delhi
HPCL RENEWABLE & GREEN ENERGY LIMITED
Not available for efiling
5.0 Cr 2 Maharashtra
HPCL RAJASTHAN REFINERY LIMITED
Active
14,365.0 Cr 2 Rajasthan
HINDUSTAN PETROLEUM CORPORATION LIMITED
Active
2,127.8 Cr 2 Maharashtra
HINDUSTAN COLAS PRIVATE LIMITED
Active
9.4 Cr 1 Maharashtra
HPCL LNG LIMITED
Active
1,688.9 Cr 1 Gujarat
RATNAGIRI REFINERY AND PETROCHEMICALS LIMITED
Active
200.0 Cr 1
HPCL BIOFUELS LIMITED
Active
1,325.7 Cr 1 Bihar
MANGALORE REFINERY AND PETROCHEMICALS LIMITED
Active
1,752.6 Cr 1 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
HPCL-MITTAL PIPELINES LIMITED Punjab 2008 ₹ 1,223.0 Cr
HMEL GREEN ENERGY PRIVATE LIMITED Punjab 2023 ₹ 8.3 Cr
HMEL ORGANICS PRIVATE LIMITED Punjab 2023 ₹ 175.0 Cr
HMEL RETAIL PRIVATE LIMITED Punjab 2023 ₹ 10.0 L
HPCL-MITTAL FOUNDATION Punjab 2018 ₹ 1.0 L

Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • HIGH LEVERAGE
  • LOSS MAKING
  • LOW ROCE
  • LOW CASH BALANCE
  • CASH DETERIORATING
Low Risk
  • GROSS MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U23201PB2000PLC024126

PAN

AABCG5231F

Incorporation

2000, 25.1 years

Company Email

sidhartha.tyagi@hmel.in

Paid up Capital

₹ 8,041.1 Cr

Authorised Capital

₹ 10,000.0 Cr

AGM

Aug 2024

Type

Public
Others

FAQ - HPCL-MITTAL ENERGY LIMITED

What is the incorporation date of HPCL-MITTAL ENERGY LIMITED?

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The incorporation date of HPCL-MITTAL ENERGY LIMITED is 13 December, 2000

What is the authorized share capital of HPCL-MITTAL ENERGY LIMITED?

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The authorized share capital of HPCL-MITTAL ENERGY LIMITED is INR ₹ 10,000.0 Cr.

What is the paid-up capital of HPCL-MITTAL ENERGY LIMITED?

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The paid-up capital of HPCL-MITTAL ENERGY LIMITED is INR ₹ 8,041.1 Cr.

What is the registered address of HPCL-MITTAL ENERGY LIMITED?

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The registered address of HPCL-MITTAL ENERGY LIMITED is VILLAGE PHULOKHARI TALUKATALWANDI SABOO BHATINDA, BHATINDA, Punjab, India, 151301 - 151301

What is the CIN number of HPCL-MITTAL ENERGY LIMITED?

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The CIN number of HPCL-MITTAL ENERGY LIMITED is U23201PB2000PLC024126.

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