Confidence Petroleum India financials and balance sheet

NSE: CONFIPETBSE: 526829GasSmall Cap

₹69.57₹4.12 (5.59%)BSE ₹69.44

Share price at the NSE close on 23 Oct 2026. Previous close ₹73.69.

52-week range of traded prices to 23 Oct 2026

₹28.06Low, 9 Mar 2026₹93.20High, 21 Sep 2026

Market cap: ₹2,311 Cr1,263rd largest listed
P/E: 17.2
P/B: 1.6
Dividend yield: 0.14%
ROE: 9.8%
ROCE: 11.5%
Debt to equity: 0.33
Volume, NSE: 19,72,33645.1% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Confidence Petroleum India annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹4,705 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 1.7% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue4,705
Materials and goods−3,957
Employee costs−49
Other expenses−351
Operating profit347
Depreciation−171
Other income+31
One-off items0.0
Finance costs−84
Profit before tax124
Tax−28
Joint ventures+1.2
Net profit97

What the company owns

Plant, investments and other assets₹2,085 Cr
Cash and bank₹223 Cr
Receivables₹219 Cr
Inventory₹209 Cr

What pays for it: net worth and liabilities

Net worth₹1,541 Cr
Other liabilities₹586 Cr
Borrowings₹502 Cr
Owed to suppliers₹107 Cr

Profit and loss

Consolidated, ₹ crore, years to March.Confidence Petroleum India quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 25 May	Mar 2020Filed 22 Jun	Mar 2021Filed 31 May	Mar 2022Filed 30 May	Mar 2023Filed 30 May	Mar 2024Filed 7 Jun	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
Revenue from operations	497	607	1,005	1,078	863	1,428	2,209	2,698	3,146	4,705
	456	536	878	951	742	1,242	1,986	2,339	2,821	4,358
Materials and goods bought	360	284	741	817	641	1,099	1,744	2,068	2,477	3,957
Employee costs	19	–	33	46	34	47	66	31	48	49
Other expenses	77	–	104	88	67	95	176	240	296	351
Operating profit before depreciation	41	71	126	127	121	186	223	359	324	347
Operating margin	8.3%	11.7%	12.6%	11.7%	14.0%	13.0%	10.1%	13.3%	10.3%	7.4%
Materials, % of revenue	72.4%	–	73.8%	75.8%	74.2%	77.0%	78.9%	76.6%	78.7%	84.1%
Employee costs, % of revenue	3.9%	–	3.3%	4.2%	4.0%	3.3%	3.0%	1.1%	1.5%	1.1%
Other expenses, % of revenue	15.5%	–	10.4%	8.2%	7.8%	6.7%	8.0%	8.9%	9.4%	7.5%
Depreciation and amortisation	23	25	30	51	52	67	85	160	175	171
Operating profit after depreciation	18	47	97	75	69	119	138	199	150	176
Other income	2	3	5	4	3	6	5	15	42	31
Finance costs	12	12	11	12	9	9	22	74	79	84
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	8	38	90	68	63	116	120	140	113	124
	2	11	26	17	16	29	32	37	26	28
Current tax	–	9	21	14	17	33	29	43	33	38
Deferred tax	–	2	5	3	−2	−4	3	−6	−7	−10
Share of profit of joint ventures and associates	0	0	2	1	2	2	5	–	3	1
Profit from discontinued businesses	–	–	–	–	–	–	–	2	–	–
	5	27	67	52	49	90	93	105	91	97
Belonging to the company's shareholders	5	27	67	52	49	88	90	105	86	93
Belonging to outside owners of subsidiaries	–	–	0	0	0	2	3	–	5	–
Other comprehensive income	–	–	0	0	0	0	0	0	0	0
Total comprehensive income	–	–	67	52	49	90	93	105	91	96
Net margin	1.1%	4.4%	6.7%	4.9%	5.7%	6.3%	4.2%	3.9%	2.9%	2.1%
Net margin without joint ventures and associates	1.1%	4.4%	6.4%	4.7%	5.5%	6.1%	4.0%	–	2.8%	2.0%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank. Share of profit of joint ventures and associates and belonging to outside owners of subsidiaries are left blank for the year to Mar 2024: the filing states 0 for this share both for the period and for the year so far, which the form also writes for a line it does not fill, while the company's other filings for the same year show it was not 0 over those months.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 25 May	Mar 2020Filed 22 Jun	Mar 2021Filed 31 May	Mar 2022Filed 30 May	Mar 2023Filed 30 May	Mar 2024Filed 7 Jun	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
	413	469	554	773	893	1,267	1,448	1,541
	392	448	533	694	813	1,182	1,328	1,418
Share capital	27	27	28	28	28	32	33	33
Reserves	365	420	505	666	785	1,150	1,295	1,385
Belonging to outside owners of subsidiaries	21	21	21	78	80	86	120	123
	75	71	83	87	405	426	530	502
Repayable after a year	37	34	48	42	288	210	217	325
Repayable within a year	38	36	35	45	118	216	312	178
	68	72	56	85	279	522	677	644
Trade payables	22	24	8	17	127	31	98	107
Other financial liabilities	2	2	5	10	0	62	228	238
Other liabilities	4	7	6	4	6	192	15	90
Provisions	2	2	3	8	25	2	7	5
Tax owed	0	0	0	0	4	19	16	27
	139	164	179	193	470	413	426	551
Other financial liabilities	85	110	113	138	159	193	202	223
Other liabilities	17	–	18	0	7	0	0	–
Provisions	0	0	0	0	0	2	1	2
Deferred tax	0	20	0	14	17	7	6	1
Total assets	620	705	789	1,050	1,642	2,203	2,552	2,736
	419	478	570	758	851	1,152	1,247	1,345
Plant in use, after depreciation	356	369	436	459	611	699	719	1,003
Plant being built	20	39	19	63	37	226	83	28
Intangible assets	0	0	20	95	1	1	221	1
Goodwill	0	0	0	0	94	107	108	108
Property held to earn rent	15	0	0	0	0	0	0	0
Investments	0	16	0	0	30	0	0	7
Stakes in joint ventures and associates	0	0	12	29	0	35	7	0
Loans given	23	45	74	86	44	22	45	58
Other financial assets	6	0	10	26	0	47	51	110
Deferred tax	0	–	0	0	0	0	2	6
Other assets	0	9	0	0	34	15	11	23
	201	227	218	293	791	1,050	1,306	1,392
Inventories	77	74	78	111	293	203	249	209
Trade receivables	58	76	66	68	130	158	315	219
Cash and cash equivalents	4	2	18	21	11	121	147	55
Other bank balances	18	19	0	0	61	138	10	169
Current investments	15	0	0	0	0	0	0	0
Loans given	0	48	0	0	0	61	94	175
Other financial assets	28	0	48	58	226	74	210	117
Other assets	2	8	9	35	70	296	281	449
Net debt	38	50	65	66	333	167	372	279

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 31 May	Mar 2022Filed 30 May	Mar 2023Filed 30 May	Mar 2024Filed 7 Jun	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
	98	103	−132	263	10	400
	105	132	−118	237	109	393
	−9	−52	−326	−45	−179	79
Receivables	10	−2	−62	−32	−160	96
Inventories	−4	−34	−182	89	−46	40
Payables	0	0	110	−84	48	8
Other working capital	−15	−17	−191	−18	−21	−65
Tax paid	−16	−29	−32	−44	−29	−22
Interest paid	9	0	22	74	−55	58
Capital spending	109	208	212	245	272	114
Free cash flow	−12	−105	−344	18	−262	285
	−142	−169	−174	−375	−135	−339
Companies bought	0	0	0	−2	24	0
Interest received	1	6	4	0	0	29
	42	69	357	222	152	−154
Borrowings raised	0	0	352	21	104	−27
Borrowings repaid	13	0	0	−4	0	0
Interest paid	−9	0	0	0	−55	−58
Lease payments	0	0	0	0	5	0
Dividends paid	3	3	4	3	–	4
Shares bought back	0	0	0	0	0	0
Shares issued	40	82	31	275	70	0
Net change in cash	−3	3	51	110	26	−92

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020. Dividends paid is left blank for the year to Mar 2025: the cash-flow statement states no dividends paid, while the company's own dividend record shows one paid in the period, so the line is not given.

Consolidated, ₹ per share, years to March.Confidence Petroleum India dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 25 May	Mar 2020Filed 22 Jun	Mar 2021Filed 31 May	Mar 2022Filed 30 May	Mar 2023Filed 30 May	Mar 2024Filed 7 Jun	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
Earnings per share	₹0.21	₹1.04	₹2.44	₹1.92	₹1.74	₹3.16	₹3.27	₹3.50	₹2.62	₹2.80
Diluted earnings per share	₹0.21	₹1.04	₹2.44	₹1.85	₹1.73	₹3.16	₹3.27	₹3.30	₹2.60	₹2.80
Dividend per share	–	–	–	₹0.08	₹0.10	₹0.10	₹0.10	₹0.10	₹0.10	₹0.10
Book value per share	–	–	₹14.31	₹16.35	₹18.78	₹24.45	₹28.64	₹37.22	₹39.98	₹42.70
Dividend payout	–	–	–	3.9%	5.8%	3.2%	3.2%	3.0%	3.9%	3.6%
Shareholder yield	–	–	–	–	−3.0%	−4.4%	−1.6%	−10.2%	–	0.3%
Market cap at the year end (₹ crore)	199	771	1,062	404	1,221	1,774	1,730	2,668	1,559	1,246

Shareholder yield is left blank for the year to Mar 2025: the cash-flow statement states no dividends paid, while the company's own dividend record shows one paid in the period, so the line is not given.

Ratios

Consolidated, years to March.Confidence Petroleum India PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 25 May	Mar 2020Filed 22 Jun	Mar 2021Filed 31 May	Mar 2022Filed 30 May	Mar 2023Filed 30 May	Mar 2024Filed 7 Jun	Mar 2025Filed 16 Jun	Mar 2026Filed 30 May
Revenue growth	40.1%	22.1%	65.6%	7.3%	−19.9%	65.4%	54.7%	22.2%	16.6%	49.6%
Operating profit growth	19.2%	72.0%	78.0%	0.1%	−4.4%	53.7%	19.7%	61.4%	−9.7%	6.9%
Net profit growth	359.3%	392.7%	149.2%	−21.5%	−5.7%	81.4%	3.4%	13.5%	−13.7%	6.3%
Earnings per share growth	–	395.2%	134.6%	−21.3%	−9.4%	81.6%	3.5%	7.0%	−25.1%	6.9%
	–	–	17.1%	12.5%	10.0%	14.3%	11.9%	10.6%	6.9%	6.7%
	–	–	–	−4.6 pts	−2.5 pts	4.3 pts	−2.4 pts	−1.4 pts	−3.7 pts	−0.1 pts
From the net margin	–	–	–	−4.6 pts	2.1 pts	0.8 pts	−4.8 pts	−0.5 pts	−3.1 pts	−1.9 pts
From asset turnover	–	–	–	0.1 pts	−4.2 pts	3.7 pts	0.5 pts	−1.7 pts	−0.4 pts	1.7 pts
From borrowing	–	–	–	0.0 pts	−0.4 pts	−0.2 pts	1.9 pts	0.8 pts	−0.1 pts	0.1 pts
Return on capital employed	–	–	19.8%	14.0%	10.8%	13.9%	10.6%	11.8%	7.6%	8.6%
Cash conversion	–	–	–	–	197.2%	114.7%	−142.0%	249.8%	10.6%	414.0%
Interest cover	1.5	3.8	8.9	6.5	8.0	12.8	6.2	2.7	1.9	2.1
Debt to equity	–	–	0.18	0.15	0.15	0.11	0.45	0.34	0.37	0.33
Receivable days	–	–	21	26	28	17	22	21	36	17
Inventory days	–	–	38	33	44	37	61	36	37	19
Payable days	–	–	11	11	4	6	27	5	14	10
Cash conversion cycle, days	–	–	48	48	68	49	56	52	59	26
Working capital days	–	–	49	58	76	59	92	66	91	54
Asset turnover	–	–	1.62	1.63	1.16	1.55	1.64	1.40	1.32	1.78
Assets per rupee of net worth	–	–	1.58	1.58	1.52	1.50	1.79	1.93	1.89	1.93
Sales per rupee of plant	–	–	2.82	2.92	1.98	3.11	3.61	3.86	4.37	4.69
Capital spending to depreciation	–	–	–	–	2.09	3.12	2.49	1.53	1.56	0.67
Plant being built, % of plant in use	–	–	5.5%	10.6%	4.4%	13.6%	6.1%	32.4%	11.5%	2.8%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 3.5%
Cash from operations against operating profit: 115.3%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	29.5%	40.4%	28.7%
Profit growth, yearly rate	54.6%	13.5%	1.0%
Return on equity, average	–	10.1%	8.1%
Return on capital employed, average	–	10.5%	9.3%
Operating margin, average	11.2%	10.8%	10.3%
Net margin, average	4.2%	3.9%	2.9%
Asset turnover, average	–	1.54	1.50
Cash conversion cycle, days, average	–	48	46
Interest cover, average	5.4	5.1	2.2
Debt to equity, average	–	0.32	0.34

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	643	672	400
Cash from investing	−1,192	−849	−339
Cash from financing	647	220	−154
Capital spending	1,051	631	114
Dividends paid	–	–	4
Shares bought back	0	0	0
Shares issued for cash	458	345	0
Borrowings repaid	4	4	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	5	7	3	5	3	6
Altman Z-scorePublished threshold 1.81	–	–	6.32	4.03	5.78	6.71	4.06	4.28	3.33	3.63
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.72	−1.95	−1.84	−2.47	−1.54	−2.92
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	12.58	16.98	29.62	11.32	9.09	1.34
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	0.30	0.81	0.49	2.30
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	24.54	6.90	−62.66	36.97	−1.00	82.65	−79.96
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	−14.11	26.99	−28.27	104.29	−49.47	2.99	−75.64
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−2.01	5.64	2.50	9.19	2.74	3.87	1.59
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.60	0.16	0.70	0.16	0.91	0.42	0.06
Effective tax ratePublished threshold 17.16 per cent	28.90	29.32	28.84	24.92	24.73	24.76	26.54	26.59	22.81	22.80
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	0.00	0.26	−5.09	−2.63	5.03

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
6 Feb 2026	Acuite Ratings & Research Limited	Bank Loan Ratings	ACUITE ANew, New	Stable	125
6 Feb 2026	Acuite Ratings & Research Limited	Bank Loan Ratings	ACUITE A1Review, Re-affirm		151.20

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.