Chennai Petroleum Corporation Limited (CHENNPETRO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+196.2%

₹4,585.35

vs ₹1,548.00 price

Levered DCF

₹4,800.86

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

7.23

Safe zone

Rating

S-

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	4.89×	41.72×	5.12×	1×	1.41×	5.8×	-0.44×	-19.96×
P/B	1.36×	1.09×	1.59×	0.55×	0.64×	0.93×	0.66×	1.19×
P/S	0.24×	0.15×	0.21×	0.05×	0.04×	0.07×	0.02×	0.1×
EV / EBITDA	3.24×	10.61×	3.68×	1.25×	3.92×	5.17×	-5.18×	13.9×
Gross margin	10.6%	4.2%	9.1%	10.3%	9.9%	14.3%	-2.1%	4.5%
Operating margin	6.5%	3.4%	8.2%	9.6%	8.6%	11.7%	-3.6%	3.3%
Net margin	4.9%	0.4%	4.1%	4.6%	3.1%	1.1%	-5.5%	-0.5%
Current ratio	1.62×	1.17×	1.38×	1.16×	0.77×	0.54×	0.34×	0.68×
Debt / equity	0.18×	0.38×	0.32×	0.66×	3.09×	5.69×	6.4×	1.93×
Interest coverage	34.54×	8.27×	24.34×	22.19×	9.1×	7.02×	-3.4×	3.38×
Dividend yield	1.3%	9.2%	2.9%	0.8%	0.0%	0.0%	0.1%	6.7%
Payout ratio	6.2%	382.6%	14.6%	0.8%	0.0%	0.0%	-0.1%	-134.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	27.9%	2.6%	31.1%	54.5%	45.3%	16.0%	-151.3%	-5.9%
Return on invested capital	21.4%	14.0%	30.0%	46.7%	21.0%	4.8%	-8.9%	10.6%
Return on assets	15.5%	1.3%	15.0%	22.0%	7.7%	1.8%	-16.0%	-1.3%
Free cash flow yield	13.5%	7.5%	14.9%	150.7%	17.2%	-7.8%	-178.3%	-35.4%
Earnings yield	20.5%	2.4%	19.5%	99.9%	71.1%	17.3%	-228.1%	-5.0%
Enterprise value	₹158.6B	₹116.8B	₹167.5B	₹77.9B	₹111.3B	₹106.6B	₹96B	₹107.7B
Net debt / EBITDA	0.14×	2.49×	0.59×	0.68×	3.25×	4.45×	-4.69×	8.61×
Cash conversion cycle (days)	29	23	26	19	45	53	9	28