Chennai Petroleum Corporation Limited — Investor Meet, 28-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

CPCL delivered a robust Q4 FY26, with GRM at $13.75/barrel ($10.3/barrel core). For FY26, crude throughput hit a record 11.71 MMT (112% capacity), and distillate yield reached an all-time high of 79.1%. The company announced its highest-ever dividend of ₹62/share.

Net debt-to-equity is low at 0.09 (net borrowings under ₹1,000 Cr), indicating strong financial health. Management is confident in sustained operational excellence, pursuing value-added products like Group 2/3 LOBS (₹1,600 Cr capex for 250 KTPA) and expanding retail outlets (₹400 Cr). Current GRMs are near the long-term average of $13/barrel, showcasing resilience despite market volatility.