Hindustan Petroleum Corporation Ltd. Stock Hits All-Time High at Rs. 500.35

Record-Breaking Price Movement

On the first trading day of 2026, HPCL's stock price surged to Rs.500.35, marking its highest level ever recorded. This new peak comes after a steady upward trajectory, with the stock gaining 6.65% over the last two consecutive trading days. Despite underperforming its sector by 0.3% on the day, HPCL outpaced the broader Sensex, which rose by 0.16%, with a day gain of 0.40%.

The stock is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum. This sustained upward movement underscores investor confidence in the company’s fundamentals and market positioning.

Consistent Outperformance Over Multiple Timeframes

HPCL’s performance over various time horizons highlights its resilience and growth. Over the past one year, the stock has delivered a return of 21.43%, significantly outperforming the Sensex’s 8.72% gain. The outperformance is even more pronounced over longer periods, with three-year returns at 222.95% compared to the Sensex’s 40.29%, five-year returns at 243.32% versus 78.31%, and a remarkable ten-year return of 301.07% against the Sensex’s 226.26%.

These figures place HPCL among the top performers in the oil sector and the broader market, reflecting its ability to generate consistent shareholder value over time.

Strong Financial Growth and Profitability

HPCL’s financial metrics underpin its stock price appreciation. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 13.76% and operating profit expanding at 26.26%. This robust growth trajectory is further supported by positive quarterly results for the last three consecutive quarters.

In the most recent quarter, Profit Before Tax excluding Other Income (PBT LESS OI) stood at Rs.4,608.59 crores, reflecting a 57.9% increase compared to the previous four-quarter average. Similarly, Profit After Tax (PAT) reached Rs.3,859.30 crores, growing by 51.2% over the same period. These figures highlight the company’s improving profitability and operational efficiency.

Attractive Valuation and Returns

HPCL’s valuation metrics remain compelling. The company boasts a Return on Capital Employed (ROCE) of 17.1%, indicating efficient use of capital to generate earnings. Its enterprise value to capital employed ratio stands at a modest 1.4, suggesting the stock is trading at a discount relative to its peers’ historical valuations.

Over the past year, while the stock price has appreciated by 21.43%, the company’s profits have surged by 231.8%, resulting in a PEG ratio of zero. This combination of strong profit growth and reasonable valuation supports the stock’s current premium market position.

Institutional Confidence and Market Recognition

Institutional investors hold a significant 36.73% stake in HPCL, reflecting confidence from entities with extensive resources and analytical capabilities. This level of institutional ownership often correlates with market stability and informed trading activity.

HPCL is also highly rated by MarketsMojo, with a Mojo Score of 81.0 and a Mojo Grade upgraded to Strong Buy from Buy as of 30 Dec 2025. The company ranks among the top 1% of over 4,000 stocks analysed by MarketsMojo, positioned 7th among mid-cap stocks and 18th across the entire market. These rankings underscore HPCL’s strong fundamentals and market standing.

Dividend Yield and Shareholder Returns

At the current price, HPCL offers a high dividend yield of 3.11%, providing an attractive income component alongside capital appreciation. This yield enhances the total return profile for shareholders, complementing the stock’s price gains and profit growth.

Sector and Market Context

Operating within the oil industry and sector, HPCL’s performance stands out amid a competitive landscape. The stock’s consistent gains and strong fundamentals have enabled it to outperform the BSE500 index in each of the last three annual periods. This consistency highlights the company’s ability to maintain growth and profitability in a cyclical sector.

HPCL’s market capitalisation grade is rated 2, reflecting its mid-cap status with significant market presence and liquidity. The stock’s steady appreciation and strong financials contribute to its elevated market profile.

Summary of Key Metrics

To summarise, HPCL’s all-time high price of Rs.500.35 is supported by:

• 6.65% returns over the last two days


• Outperformance versus Sensex and sector benchmarks across multiple timeframes


• Annual net sales growth of 13.76% and operating profit growth of 26.26%


• Quarterly PBT LESS OI growth of 57.9% and PAT growth of 51.2%


• ROCE of 17.1% and enterprise value to capital employed ratio of 1.4


• High institutional holdings at 36.73%


• Dividend yield of 3.11%


• Mojo Score of 81.0 with a Strong Buy rating

These factors collectively illustrate the company’s strong operational and financial health, justifying the milestone reached in its stock price.

Conclusion

Hindustan Petroleum Corporation Ltd.’s achievement of an all-time high stock price is a testament to its sustained growth, robust profitability, and favourable market positioning within the oil sector. The company’s consistent financial performance, attractive valuation metrics, and strong institutional backing have all contributed to this landmark event. As HPCL continues to trade above key moving averages and deliver solid returns, its current market standing reflects a well-established track record of value creation for shareholders.

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