Stock Price Movement and Market Context
On 28 Nov 2025, Confidence Petroleum India’s share price touched Rs.38.15, the lowest level recorded in the past year. This decline comes after two consecutive days of losses, during which the stock returned -2.1%. The day’s trading saw the stock underperform its Gas sector peers by 0.97%, reflecting a subdued investor sentiment towards the company relative to its industry.
Technical indicators show that Confidence Petroleum India is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a sustained downward momentum over multiple time frames.
In contrast, the Sensex index opened flat but gained momentum to close at 85,928.04 points, up 0.24%. The benchmark is trading close to its 52-week high of 86,055.86, supported by mega-cap stocks and a bullish alignment of its 50-day moving average above the 200-day moving average. This divergence highlights the relative weakness of Confidence Petroleum India within a generally positive market environment.
Long-Term and Recent Performance Analysis
Over the past year, Confidence Petroleum India’s stock has declined by approximately 50.07%, a stark contrast to the Sensex’s 8.70% gain during the same period. The stock’s 52-week high was Rs.84, indicating that the current price represents a near 55% reduction from its peak.
Further, the company’s performance has lagged behind the broader BSE500 index over the last three years, one year, and three months, signalling challenges in maintaining competitive returns over multiple time horizons.
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Shareholding and Market Interest
Despite Confidence Petroleum India’s sizeable market presence, domestic mutual funds hold no stake in the company. Given that mutual funds typically conduct detailed research and maintain positions in companies they find favourable, this absence may reflect a cautious stance towards the stock’s valuation or business fundamentals.
Financial Metrics and Operational Highlights
On the financial front, Confidence Petroleum India demonstrates a capacity to service its debt, with a Debt to EBITDA ratio of 1.31 times, indicating moderate leverage relative to earnings.
The company’s net sales have shown a compound annual growth rate of 36.39%, while operating profit has grown at 33.45% annually, reflecting healthy expansion in revenue and profitability over the longer term.
Recent quarterly results have been positive for three consecutive quarters, with net sales for the latest six months reaching Rs.2,095 crore, growing at 37.50%. Profit after tax (PAT) for the same period stood at Rs.40.49 crore, reflecting a growth rate of 23.63%.
Valuation and Efficiency Metrics
The company’s return on capital employed (ROCE) is 7.8%, which, combined with an enterprise value to capital employed ratio of 1, suggests an attractive valuation relative to capital utilisation. The stock currently trades at a discount compared to the average historical valuations of its peers in the Gas sector.
Interestingly, while the stock price has declined by 50.07% over the past year, the company’s profits have increased by 33.4%, resulting in a price-to-earnings-growth (PEG) ratio of 0.5. This divergence between earnings growth and share price performance highlights a disconnect that may be influenced by broader market factors or sector-specific dynamics.
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Sector and Market Comparison
Within the Gas sector, Confidence Petroleum India’s recent underperformance contrasts with the broader market’s upward trajectory. The Sensex’s proximity to its 52-week high and its bullish technical indicators underscore a market environment where large-cap and mega-cap stocks are leading gains.
This divergence may reflect sector rotation or investor preference for companies with different risk-return profiles within the energy and gas industries.
Summary of Current Position
Confidence Petroleum India’s stock reaching a 52-week low of Rs.38.15 marks a notable point in its price trajectory, reflecting a combination of market pressures and company-specific factors. While the company exhibits solid revenue growth and profitability metrics, the stock’s valuation and market interest remain subdued relative to peers and the broader market.
Trading below all major moving averages and with a significant gap from its 52-week high, the stock’s recent price action highlights challenges in regaining momentum amid a generally positive market backdrop.
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