Company Overview

Confidence Petroleum India Limited (CPIL) is a leading LPG parallel marketer in India, established in 1994 and listed on NSE & BSE. The company positions itself as a fully integrated LPG and CNG solutions provider committed to clean and green energy solutions. The company's mission includes ensuring access to clean fuel for every citizen and commercial entity, guided by sustainability and innovation principles.

Business Segments and Operational Highlights

LPG Division: India is the world's 3rd largest LPG consumer with current market size of approximately 35.04 MMT, expected to become the largest consumer globally by 2030 with market projected to reach 40-42 MMT by FY2030.

Auto LPG Dispensing Stations: CPIL owns and operates 315+ Auto LPG Dispensing Stations across India, making them the first parallel marketer in this segment. The company is actively working towards expanding to 500 stations. Competitive advantages include no middle-men, efficient supply chain, hub and spoke distribution model, and direct company-owned operations resulting in higher profitability.

Packed Cylinder Division: CPIL is the first parallel marketer to establish Pan-India presence with 3150+ dealer network. Segments served include LPG retail, D2C HoReCa sector, bulk LPG for industrial processes, and domestic LPG. Innovative solutions include 425 kg Shaktiman cylinders for industrial use and Chota Bunty cylinders in 2kg and 4kg sizes for street hawkers and small food stalls.

Overseas LPG Imports: Since May 2022, the company has been importing LPG overseas with plans to expand due to substantial demand. They import Propane, Butane, and LPG from Middle East, Persian Gulf, and other regions.

Bottling Plants: CPIL owns and operates 68+ strategically located LPG bottling plants across India, serving both internal requirements and other major oil industry players.

CNG Retailing: In partnership with GAIL Gas India, CPIL is establishing 100 CNG stations in Bangalore, Karnataka. 50 stations have been completed with additional 50 stations shortly to be finished. Active discussions with other CGD players to expand to more cities.

Manufacturing Operations:

  • LPG Cylinder Manufacturing: 15 cylinder manufacturing units (13 owned, 2 leased) across the country. Key supplier to IOCL, HPCL, and BPCL.
  • CNG/High Pressure Cylinder Manufacturing: 3 high-pressure cylinder manufacturing plants within subsidiaries producing premium seamless cylinders for industrial applications. Product range includes High Pressure Industrial Cylinders (150-400 Bar), High Pressure On-board Cylinders (200 Bar), and CNG/CBG Cascades (250 Bar).

Upcoming Expansion

Type 4 High Pressure Cylinder Manufacturing Plant in MIDC, Butibori, Nagpur. Key features include: constructed mainly from carbon composite with polymer liner, 70% lighter than metal cylinders, higher capacity (3x more gas transport), corrosion resistance, shatterproof and fireproof, available in 200 bar, 250 bar, and 350 bar pressure ratings, with long-term guaranteed service life (more than 20 years).

Financial Performance

Q1FY27 vs Q1FY26: Robust YoY growth demonstrated (specific figures not fully quantifiable from charts but referenced).

Q1FY27 vs Q4FY26: Robust QoQ growth demonstrated.

Historical Financials (₹ in crores):

Income Statement Highlights:

  • Q1FY27 Revenue: ₹2,409 crore
  • Q1FY27 EBITDA: ₹95.3 crore
  • Q1FY27 PAT: ₹34.4 crore

Balance Sheet Evolution (FY22-FY26):

  • Net Worth: Grew from ₹774.87 crore (FY22) to ₹1,541 crore (FY26)
  • Total Borrowings (Non-current + Short-term): Increased from ₹86.61 crore (FY22) to ₹502.5 crore (FY26)
  • Total Assets: Expanded from ₹1,052 crore (FY22) to ₹2,736 crore (FY26)
  • Reserves and Surplus: Increased from ₹667.49 crore (FY22) to ₹1,385.3 crore (FY26)
  • Share Capital: Remained relatively stable at ₹33.2 crore (FY26)

Management Team

Key management personnel include:

  • Nitin Khara: Chairman & Managing Director
  • Jitendra Jain: President - Accounts & Finance
  • Satish Chandak: President - Corporate
  • Yatin Khara: President - High Pressure Cylinder Manufacturing
  • Anand Chandak: President - Auto LPG
  • Rajashree Telharkar: Chief Marketing Officer - Packed Cylinder Division
  • Elesh Khara: Director - Cylinder Manufacturing

Growth Drivers and Investment Pillars

Strategic growth catalysts include rapid urbanization, rising household incomes, expanding middle class, and strong government policy support. The company emphasizes end-to-end operational excellence, financial discipline, and competitive differentiation through technology, sustainability, and customer experience investments.