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Commentary (10 May 2024 @ 05:59):

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It operates through two segments, Cylinder Division and LPG Division...

Stats
Today's Volume	877 307
Average Volume	4.20M
Market Cap	25.63B
EPS	INR0 ( 2024-02-13 )
Next earnings date	( INR0 ) 2024-05-27
Last Dividend	INR0.100 ( 2023-09-22 )
Next Dividend	INR0 ( N/A )
P/E	22.09
ATR14	INR0.128 (0.15%)

Volume Correlation

Long: -0.09 (neutral)

Short: 0.87 (strong)

Signal:(57.084) Same movement expected

Confidence Petroleum Correlation

10 Most Positive Correlations
PCJEWELLER.NS	0.967
SELMC.NS	0.955
UBL.NS	0.949
ADANIENT.NS	0.947
ACC.NS	0.947
BLUEDART.NS	0.946
OMKARCHEM.NS	0.944
BATAINDIA.NS	0.944
CONCOR.NS	0.943
ATGL.NS	0.942

10 Most Negative Correlations
NEWGEN.NS	-0.943
JINDALSAW.NS	-0.938
KAYNES.NS	-0.934
ROTO.NS	-0.931
JINDCOT.NS	-0.926
MOLDTECH.NS	-0.924
CIGNITITEC.NS	-0.923
JSLHISAR.NS	-0.918
ISMTLTD.NS	-0.917
BLUESTARCO.NS	-0.912

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Confidence Petroleum Correlation - Currency/Commodity

-0.09
( neutral )

-0.39
( neutral )

0.00
( neutral )

-0.04
( neutral )

0.52
( weak )

0.49
( neutral )

Confidence Petroleum Financials

Annual	2022
Revenue:	INR22.09B
Gross Profit:	INR3.80B (17.22 %)
EPS:	INR3.16

FY	2022
Revenue:	INR22.09B
Gross Profit:	INR3.80B (17.22 %)
EPS:	INR3.16

FY	2022
Revenue:	INR14.29B
Gross Profit:	INR2.34B (16.36 %)
EPS:	INR3.16

FY	2021
Revenue:	INR8.63B
Gross Profit:	INR1.51B (17.53 %)
EPS:	INR1.730

Financial Reports:

No articles found.

Confidence Petroleum Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0.100 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0.100 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Confidence Petroleum Dividend Information - Dividend Junior

Dividend Sustainability Score: 3.11 - low (3.68%) | Divividend Growth Potential Score: 4.02 - Stable (19.50%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.0750	2020-10-28
Last Dividend	INR0.100	2023-09-22
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	4	--
Total Paid Out	INR0.375	--
Avg. Dividend % Per Year	0.11%	--
Score	1.66	--
Div. Sustainability Score	3.11
Div.Growth Potential Score	4.02
Div. Directional Score	3.57	--

Next Divdend (Est)
(2024-05-20)

INR0.101 Estimate 3.08 %

Dividend Stability

0.25 Very Poor

Dividend Score

1.66

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2020	INR0.0750	0.28%
2021	INR0.100	0.26%
2022	INR0.100	0.13%
2023	INR0.100	0.13%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
POONAWALLA.NS	Dividend Junior	2023-07-18	Sporadic	21	0.21%
JSWSTEEL.NS	Dividend Junior	2023-07-11	Annually	20	1.70%
DOLLAR.NS	Dividend Junior	2023-07-27	Annually	8	0.54%
AARVI.NS	Dividend Knight	2023-09-15	Annually	7	1.38%
SPLPETRO.NS	Dividend Knight	2023-06-27	Semi-Annually	21	2.17%
MOTILALOFS.NS	Dividend Knight	2023-07-04	Semi-Annually	17	0.85%
HERITGFOOD.NS	Dividend Junior	2023-08-14	Annually	23	0.44%
BIKAJI.NS	Dividend Junior	2023-06-08	Insufficient data to determine frequency	2	0.06%
RAYMOND.NS	Dividend Junior	2023-06-23	Sporadic	29	0.15%
KOPRAN.NS	Dividend Junior	2023-09-07	Annually	5	1.18%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0423	1.500	9.15	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.131	1.500	9.66	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	3.81	1.000	9.70	9.70	[3 - 30]
operatingCashFlowPerShareTTM	8.45	2.00	7.18	10.00	[0 - 30]
freeCashFlowPerShareTTM	8.45	2.00	5.78	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.148	1.000	-0.870	-0.870	[0.2 - 0.8]
operatingProfitMarginTTM	0.0747	1.000	-0.505	-0.505	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				3.11

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	20.77	1.000	8.00	0	[1 - 100]
returnOnEquityTTM	0.131	2.50	9.78	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	8.45	2.00	7.18	10.00	[0 - 30]
dividendYielPercentageTTM	0.118	1.500	7.04	0	[0 - 0.4]
operatingCashFlowPerShareTTM	8.45	2.00	7.18	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-0.245	1.500	-4.97	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0879	1.000	-0.303	0	[0.1 - 0.5]
Total Score				4.02

Confidence Petroleum

Confidence Petroleum India Limited manufactures and sells liquefied petroleum gas (LPG) cylinders in India. It operates through two segments, Cylinder Division and LPG Division. The company offers CNG and packed cylinders. It also provides LPG bottling services, as well as operates auto LPG dispensing stations. The company serves commercial and industrial customers under the GoGas, and retail customer under the GoGas Elite brand names. Confidence Petroleum India Limited was founded in 1993 and is based in Nagpur, India.