Chennai Petro – Attractive Valuations

ChennaiPetro

Market cap (1600 Cr) = Operating profit (1600 Cr).
Book Value 104,

PE 2.7

Trading at thrice the market cap of profit (580 Cr, TTM),

Sales 35000 Cr,

another 30k Cr expansion plan with IOCL ongoing

The beneficiary of the Crude upcycle