Confidence Petroleum India Ltd(CONFIPET)

NSE: CONFIPETBSE: 526829

₹ 70.5-3.98%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 2,342 crWebsite: www.confidencegroup.coUpdated: 24 Oct 2026

About

Confidence Petroleum India Ltd is an LPG distributor and cylinder manufacturer operating across packed LPG, auto LPG dispensing, CNG retail, and industrial gas supply in India. The company reported revenue of ₹4,704.57 Cr in FY26, a roughly 3.3x increase from ₹1,428 Cr in FY22. It runs over 68 bottling plants, 315+ auto LPG dispensing stations, and 50+ CNG stations nationwide.^[1][2][3]

Business segments

LPG Division contributed 88.4% of consolidated revenue (₹2,782.31 Cr) in FY25, covering packed LPG, auto LPG, and industrial supply; EBIT margin was 11.3%.^[3]
Cylinder Division contributed 11.6% of consolidated revenue (₹363.45 Cr) in FY25, manufacturing LPG cylinders; EBIT margin was 2.9%.^[3]

Products and brands

GoGas is the company's branded packed LPG product, sold through a dealer network to HoReCa, retail, and industrial customers.^[2]
The company supplies auto LPG through its own ALDS (Auto LPG Dispensing Station) network and retails CNG through operated stations.^[2]
A Type 4 high-pressure cylinder manufacturing plant at Butibori/Nagpur was due to commence operations within 1 - 2 months of Q1 FY27, with orders already commenced.^[2]

Operations

The company operates 68+ LPG bottling plants as of Q1 FY27.^[2]
Auto LPG Dispensing Stations: 315+ as of Q1 FY27. Capital work-in-progress in ALDS stood at ₹2,039 lakhs at FY25 year-end.^[2][4]
CNG network: 50+ stations as of Q1 FY27, with CWIP in CNG stations at ₹734 lakhs at FY25 year-end.^[2][4]
Punjab Petroleum Corporation Ltd (100%) was acquired in FY25, adding a wholly-owned subsidiary.^[4]

Key operating volumes

Packed LPG (GoGas) monthly volume: 18,000 - 20,000 MT/month in Q1 FY27.^[2]
CNG network daily volume: 3 lakh kg/day in Q1 FY27, averaging 6,000 - 6,200 kg/day per station.^[2]
Auto LPG volumes saw a temporary slowdown in Q1 FY27 due to elevated LPG prices; volumes were recovering as market conditions stabilised.^[2]
EBITDA margin was 7% in FY26, down from 10% in FY25 and 13% in FY22 and FY24, with management attributing the percentage compression to LPG price inflation inflating the revenue base.^[2]

Customers and distribution

GoGas dealer network: 3,150+ dealers as of Q1 FY27.^[2]
HoReCa customer accounts: 3,400+ as of Q1 FY27.^[2]
Industrial customers: approximately 300 as of Q1 FY27, spanning FMCG, food processing, glass, and ceramics sectors.^[2]
During the West Asia supply disruption, several marquee customers who initially engaged with the company subsequently entered into longer-term procurement arrangements.^[2]

Expansion and capex

Auto LPG station network planned to expand by 75 stations in FY27 (from 315+ to ~390) and by a further 100 stations in FY28.^[2]
CNG network planned to add 50 stations in Bangalore; active discussions under way for Mumbai, Hyderabad, and Indore.^[2]
Backward integration into coastal LPG storage terminals is under evaluation to improve margins and supply-chain control.^[2]
A joint venture, BW Confidence Enterprises Pvt Ltd (50:50 with BW LPG Limited and Ganesh Benzoplast Limited), was formed in FY25 for business expansion projects.^[4]

Recent developments

The Subscription and Shareholders' Agreement with BW VLGC Pte. Ltd. and BW LPG Holding Pte. Ltd. (entered May 2024) was terminated; Part B of the Articles of Association is being removed accordingly.^[5]
BW VLGC Pte. Ltd. transferred all its shares to BW LPG Infrastructure DMCC in December 2024.^[4]
Material related-party transaction approvals sought for FY27 include transactions with Sneha Petroleum up to ₹3,000 Cr and Gaspoint Petroleum India Limited up to ₹1,000 Cr.^[5]
A final dividend of ₹0.10 per equity share (10% on face value of ₹1) was recommended for FY26.^[5]

Market Cap

₹2,342 Cr

High / Low

₹93 / 27

Stock P/E

18.9

Price / Book

1.8

Book Value

₹43

EPS

₹2.8

No. of Shares

33.22 Cr

ROCE

9.4%

ROE

6.7%

OPM

4.4%

Debt / Equity

0.35

Sales

₹4,705 Cr

Net Profit

₹97 Cr

Promoter holding

60.3%

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Confidence Petroleum India Ltd(CONFIPET)

About

Business segments

Products and brands

Operations

Key operating volumes

Customers and distribution

Expansion and capex

Recent developments

Signal history

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