If you’re keeping an eye on Chennai Petroleum’s stock, the share price target indicates a positive outlook. Chennai Petroleum Share Price on NSE as of 23 August 2024 is 1,014.00 INR. These targets reflect a hopeful and confident view of the company’s growth potential. This article will provide more details on Chennai Petroleum Share Price Target 2024, 2025 to 2030.
Chennai Petroleum Company Details
Chennai Petroleum Corporation Limited (CPCL) is a major player in India’s oil refining industry. Established in 1965, CPCL operates one of the country’s largest refineries, located in Chennai, Tamil Nadu. The company is a subsidiary of Indian Oil Corporation Limited (IOCL), which is one of the largest state-owned oil and gas companies in India.
CPCL specializes in refining crude oil into various petroleum products such as gasoline, diesel, and jet fuel. It also produces a range of by-products, including petrochemicals, which are used in various industries. The company’s refinery is equipped with modern technology to ensure efficient and environmentally friendly operations.
In addition to its refining activities, CPCL is involved in the marketing of its products through a wide network of retail outlets and distribution channels. The company is committed to maintaining high standards of quality and safety while also focusing on sustainable practices.
- Official Website: cpcl.co.in
- Parent organization: Indian Oil Corporation
- Headquarters: Chennai
- Subsidiary: Indian Additives Limited
- Founded: 18 November 1965
- Number of employees: 1,684 (2020)
- Category: Share Price
Current Market Overview Of Chennai Petroleum Share Price
- Open- 996.40
- High- 1,039.00
- Low- 991.10
- Mkt cap- 15.07KCr
- P/E ratio- 5.93
- Div yield- 5.42%
- 52-wk high- 1,275.00
- 52-wk low- 366.80
Chennai Petroleum Share Price Recent Graph
Chennai Petroleum Share Price Target Tomorrow From 2024 to 2030
Here’s a fresh look at Chennai Petroleum’s share price targets:
- 2024: ₹1,284
- 2025: ₹1,470
- 2026: ₹1,682
- 2027: ₹1,926
- 2028: ₹2,204
- 2029: ₹2,523
- 2030: ₹2,888
These projections outline a promising upward trend for the company’s stock over the coming years.
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Chennai Petroleum Share Price Target 2024
| S.No. | Chennai Petroleum Share Price Target 2024 (Months) | Target Prices |
| 9 | September | 1137 |
| 10 | October | 1186 |
| 11 | November | 1235 |
| 12 | December | 1284 |
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Chennai Petroleum Share Price Target 2025
| S.No. | Chennai Petroleum Share Price Target 2025 (Months) | Target Prices |
| 1 | January | 1310 |
| 2 | February | 1336 |
| 3 | March | 1363 |
| 4 | April | 1318 |
| 5 | May | 1274 |
| 6 | June | 1232 |
| 7 | July | 1281 |
| 8 | August | 1332 |
| 9 | September | 1385 |
| 10 | October | 1413 |
| 11 | November | 1441 |
| 12 | December | 1470 |
Chennai Petroleum Share Price Target 2026
| S.No. | Chennai Petroleum Share Price Target 2026 (Months) | Target Prices |
| 1 | January | 1499 |
| 2 | February | 1529 |
| 3 | March | 1560 |
| 4 | April | 1508 |
| 5 | May | 1458 |
| 6 | June | 1409 |
| 7 | July | 1465 |
| 8 | August | 1524 |
| 9 | September | 1585 |
| 10 | October | 1617 |
| 11 | November | 1649 |
| 12 | December | 1682 |
Chennai Petroleum Share Price Target 2027
| S.No. | Chennai Petroleum Share Price Target 2027 (Months) | Target Prices |
| 1 | January | 1716 |
| 2 | February | 1750 |
| 3 | March | 1785 |
| 4 | April | 1726 |
| 5 | May | 1669 |
| 6 | June | 1613 |
| 7 | July | 1678 |
| 8 | August | 1745 |
| 9 | September | 1815 |
| 10 | October | 1851 |
| 11 | November | 1888 |
| 12 | December | 1926 |
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Chennai Petroleum Share Price Target 2028
| S.No. | Chennai Petroleum Share Price Target 2028 (Months) | Target Prices |
| 1 | January | 1965 |
| 2 | February | 2004 |
| 3 | March | 2044 |
| 4 | April | 1976 |
| 5 | May | 1910 |
| 6 | June | 1846 |
| 7 | July | 1920 |
| 8 | August | 1997 |
| 9 | September | 2077 |
| 10 | October | 2119 |
| 11 | November | 2161 |
| 12 | December | 2204 |
Chennai Petroleum Share Price Target 2029
| S.No. | Chennai Petroleum Share Price Target 2024 (Months) | Target Prices |
| 1 | January | 2248 |
| 2 | February | 2293 |
| 3 | March | 2339 |
| 4 | April | 2261 |
| 5 | May | 2186 |
| 6 | June | 2113 |
| 7 | July | 2198 |
| 8 | August | 2286 |
| 9 | September | 2377 |
| 10 | October | 2425 |
| 11 | November | 2474 |
| 12 | December | 2523 |
Chennai Petroleum Share Price Target 2030
| S.No. | Chennai Petroleum Share Price Target 2030 (Months) | Target Prices |
| 1 | January | 2573 |
| 2 | February | 2624 |
| 3 | March | 2676 |
| 4 | April | 2587 |
| 5 | May | 2501 |
| 6 | June | 2418 |
| 7 | July | 2515 |
| 8 | August | 2616 |
| 9 | September | 2721 |
| 10 | October | 2775 |
| 11 | November | 2831 |
| 12 | December | 2888 |
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Chennai Petroleum Corporation ltd Financials:-
| Market Capitalization Value | 16025.85 crores |
| Total Share Capital | 148.91 crores |
| Total Borrowings | 2827.75 crores |
| Trade Payables | 4282.51 crores |
| Trade Receivables | 461.55 crores |
| Total Inventories | 7830.91 crores |
| Total Revenue | 66398.69 crores |
| Total Expenses | 62738.82 crores |
| ROE | 31.55 percent |
| ROCE | 35.96 percent |
| DE ratio | 0.32 percent |
| PE ratio | 4.92 percent |
| PB ratio | 1.82 percent |
| Dividend Yield ratio | 5.11 percent |
| Earnings Yield ratio | 0.20 percent |
Chennai Petroleum Corporation ltd Shareholding Pattern:-
| Shareholders | Share Percentage |
| Promoters | 67.29 |
| Retail and others | 16.11 |
| FII | 15.86 |
| DII | 0.53 |
| Mutual Funds | 0.22 |
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FAQ
Q1. What is the future of Chennai Petro?
Ans. The future of Chennai Petroleum looks promising, with projected share price targets indicating steady growth. Expected targets are ₹1,284 in 2024, ₹1,470 in 2025, and reaching ₹1,926 by 2027. This suggests positive development and potential for investors.
Q2. What is the price target for Chennai Petroleum in 2030?
Ans. The price target for Chennai Petroleum in 2030 is ₹2,888.
Q3. What is the target of Chennai Petroleum share?
Ans. The target for Chennai Petroleum shares is ₹1,284 in 2024.
Q4. Who are the shareholders of Chennai Petroleum?
Ans. The present shareholders are IOCL, NICO, and others holding 51.89%,15.40%,32.71% shares respectively.
I am Ankita Vasishtha, passionate about trading and deeply committed to sharing my knowledge and insights with individuals like you. With a solid understanding of market dynamics and a knack for identifying trends, I strive to empower you with the information you need to thrive in trading.