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Companies/Energy/PETO
PETO—56

Petro Carbon and Chemicals Ltd

Oil & Gas Refining and MarketingVerified
Score breakdown
Profitability+21Sentiment+12Risk penalty-3Missing signals-3
Quality breakdown
Key fields100Profile38Conclusion96AI synthesis40Observations3

Petro Carbon and Chemicals Ltd maintains a debt-to-equity ratio of 0.84, indicating a moderate reliance on debt financing, while its current ratio of 1.39 suggests adequate short-term liquidity to cover immediate obligations [doc:PETO-NS-2026-04-15]. However, the company's free cash flow is negative at -₹396.27 million, and capital expenditures are substantial at -₹518.79 million, signaling ongoing investment in operations or maintenance [doc:PETO-NS-2026-04-15]. The negative net cash position, after subtracting total debt, raises liquidity concerns [doc:PETO-NS-2026-04-15]. The company's profitability metrics show a return on equity (ROE) of 5.55% and a return on assets (ROA) of 2.27%, both below the industry median for refining and marketing firms, which typically exceed 8% ROE and 4% ROA [doc:PETO-NS-2026-04-15]. Operating income of ₹106.78 million and net income of ₹94.63 million reflect a narrow margin, with gross profit at ₹518.73 million, or 17.5% of revenue, which is in line with the industry's low-margin profile [doc:PETO-NS-2026-04-15]. The company operates a single plant in Haldia, West Bengal, with a capacity of 93,744 metric tons per annum (MTPA), and its revenue is concentrated in India, with no disclosed international operations [doc:PETO-NS-2026-04-15]. This geographic concentration exposes the company to domestic economic and regulatory risks, including energy costs and raw material availability [doc:PETO-NS-2026-04-15]. Looking ahead, the company's revenue outlook is constrained by the cyclical nature of the aluminum and steel industries, with no significant growth drivers identified in the current fiscal year. The lack of diversification and reliance on a single product line may limit long-term expansion [doc:PETO-NS-2026-04-15]. The company's capital expenditures suggest a focus on maintaining or upgrading its existing plant, but no new projects or market entries are disclosed [doc:PETO-NS-2026-04-15]. The risk assessment highlights medium liquidity risk due to negative free cash flow and low dilution risk, with no near-term pressure from share issuance or dilution. However, the company's debt load and limited cash reserves could become problematic if operating cash flow declines [doc:PETO-NS-2026-04-15]. No recent filings or transcripts indicate material changes in strategy or operations [doc:PETO-NS-2026-04-15].

30-day price · PETO+12.90 (+4.6%)
Low$266.65High$293.90Close$290.90As of4 May, 00:00 UTC
Profile
CompanyPetro Carbon and Chemicals Ltd
TickerPETO.NS
SectorEnergy
BusinessEnergy - Fossil Fuels
Industry groupEnergy - Fossil Fuels
IndustryOil & Gas Refining and Marketing
AI analysis

Business. Petro Carbon and Chemicals Ltd produces and sells calcined petroleum coke (CPC) for use in aluminum production, graphite electrodes, and steel manufacturing, primarily serving government-owned aluminum companies and industrial users in India [doc:PETO-NS-2026-04-15].

Classification. The company is classified under the Energy - Fossil Fuels business sector, with a confidence level of 0.92, and aligns with the Oil & Gas Refining and Marketing industry per codes [doc:PETO-NS-2026-04-15].

Petro Carbon and Chemicals Ltd maintains a debt-to-equity ratio of 0.84, indicating a moderate reliance on debt financing, while its current ratio of 1.39 suggests adequate short-term liquidity to cover immediate obligations [doc:PETO-NS-2026-04-15]. However, the company's free cash flow is negative at -₹396.27 million, and capital expenditures are substantial at -₹518.79 million, signaling ongoing investment in operations or maintenance [doc:PETO-NS-2026-04-15]. The negative net cash position, after subtracting total debt, raises liquidity concerns [doc:PETO-NS-2026-04-15]. The company's profitability metrics show a return on equity (ROE) of 5.55% and a return on assets (ROA) of 2.27%, both below the industry median for refining and marketing firms, which typically exceed 8% ROE and 4% ROA [doc:PETO-NS-2026-04-15]. Operating income of ₹106.78 million and net income of ₹94.63 million reflect a narrow margin, with gross profit at ₹518.73 million, or 17.5% of revenue, which is in line with the industry's low-margin profile [doc:PETO-NS-2026-04-15]. The company operates a single plant in Haldia, West Bengal, with a capacity of 93,744 metric tons per annum (MTPA), and its revenue is concentrated in India, with no disclosed international operations [doc:PETO-NS-2026-04-15]. This geographic concentration exposes the company to domestic economic and regulatory risks, including energy costs and raw material availability [doc:PETO-NS-2026-04-15]. Looking ahead, the company's revenue outlook is constrained by the cyclical nature of the aluminum and steel industries, with no significant growth drivers identified in the current fiscal year. The lack of diversification and reliance on a single product line may limit long-term expansion [doc:PETO-NS-2026-04-15]. The company's capital expenditures suggest a focus on maintaining or upgrading its existing plant, but no new projects or market entries are disclosed [doc:PETO-NS-2026-04-15]. The risk assessment highlights medium liquidity risk due to negative free cash flow and low dilution risk, with no near-term pressure from share issuance or dilution. However, the company's debt load and limited cash reserves could become problematic if operating cash flow declines [doc:PETO-NS-2026-04-15]. No recent filings or transcripts indicate material changes in strategy or operations [doc:PETO-NS-2026-04-15].
Key takeaways
  • The company's ROE of 5.55% and ROA of 2.27% are below industry medians, indicating weak profitability.
  • Free cash flow is negative at -₹396.27 million, and capital expenditures are high at -₹518.79 million, suggesting ongoing investment or maintenance.
  • Revenue is concentrated in India, with no international operations disclosed, increasing exposure to domestic economic and regulatory risks.
  • The company operates a single plant in Haldia, West Bengal, with a capacity of 93,744 MTPA, and no diversification into new products or markets.
  • Liquidity risk is medium due to negative free cash flow and a debt-to-equity ratio of 0.84, but dilution risk is low.
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  • ## RATIONALES
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Financial snapshot
PeriodHA-latest
CurrencyINR
Revenue$2.96B
Gross profit$518.7M
Operating income$106.8M
Net income$94.6M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow$124.4M
CapEx-$518.8M
Free cash flow-$396.3M
Total assets$4.17B
Total liabilities$2.46B
Total equity$1.71B
Cash & equivalents$50.0k
Long-term debt$1.44B
Annual history (last 5)
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Quarterly history (last 4)
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Valuation
Market price—
Market cap—
Enterprise value—
P/E—
Reported non-GAAP P/E—
EV/Revenue—
EV/Op income—
EV/OCF—
P/B—
P/Tangible book—
Tangible book$1.71B
Net cash-$1.44B
Current ratio1.4
Debt/Equity0.8
ROA2.3%
ROE5.5%
Cash conversion1.3%
CapEx/Revenue-17.5%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Oil & Gas · cohort 184 companies
MetricPETOActivity
Op margin3.6%15.4% medp25 -3260.6% · p75 43.2%below median
Net margin3.2%24.1% medp25 -1.6% · p75 41.0%below median
Gross margin17.5%20.0% medp25 5.5% · p75 48.5%below median
R&D / revenue—2.5% medp25 2.5% · p75 2.5%
CapEx / revenue-17.5%-14.7% medp25 -50.8% · p75 -1.4%below median
Debt / equity84.0%37.1% medp25 26.9% · p75 69.5%top quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 18:29 UTC#3c0bc667
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 18:31 UTCJob: 78da42d7