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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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** All rupee values in INR crores. Based on March 2025 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.
* INR 349 for 20+ credits purchase
1 credit = one company dashboard
| State | Type | Address |
|---|
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
SBICap Trustee Company Limited
No. of Loans: 9
Total Amount : 42,965.0 cr
Bank of India
No. of Loans: 1
Total Amount : 1,000.0 cr
| 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 |
| 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 |
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The incorporation date of HPCL-MITTAL ENERGY LIMITED is 13 December, 2000
The authorized share capital of HPCL-MITTAL ENERGY LIMITED is INR ₹ 10,000.0 Cr.
The paid-up capital of HPCL-MITTAL ENERGY LIMITED is INR ₹ 8,041.1 Cr.
The registered address of HPCL-MITTAL ENERGY LIMITED is VILLAGE PHULOKHARI TALUKATALWANDI SABOO BHATINDA, BHATINDA, Punjab, India, 151301 - 151301
The CIN number of HPCL-MITTAL ENERGY LIMITED is U23201PB2000PLC024126.