ONGC Petro Additions Ltd
About
ONGC Petro Additions Limited (OPaL) was established on November 15, 2006, as a multibillion-dollar joint venture promoted by Oil and Natural Gas Corporation (ONGC) and co-promoted by GAIL and Gujarat State Petroleum Corporation (GSPC). The company was founded to meet India's growing polymer demand and to serve as a downstream integration for ONGC, utilizing Naphtha feedstock from its facilities in Hazira, Uran, and Dahej. The company has its headquarters in Vadodara, Gujarat.OPaL has set up a mega petrochemical complex in Dahej, Gujarat, within the Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR)/SEZ. The project commenced production in March 2017, inaugurated by Prime Minister Narendra Modi. With a strong focus on polyethylene production, OPaL plays a crucial role in reducing India's dependency on imports.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 14392 -1.8% | 14657 -10.5% | 16379 46.6% | 11176 5.4% | 10604 10.6% | 9590 63.8% | 5854 650.2% | 780 - | 4 - | 0 -100.0% | 4 - | 0 - | 0 - | 0 - |
| Net Operating Income (INR Cr) | 14307 -1.96% | 14593 -9.06% | 16048 39.71% | 11486 12.80% | 10183 4.56% | 9739 74.16% | 5592 - | 109 2,795.50% | 4 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% |
| Profit (INR Cr) | -3456 - | -4155 - | -535 - | -797 - | -2090 - | -1420 - | -1925 - | -882 - | -175 - | -1 - | 0 - | 0 - | 0 - | 0 - |
| Assets (INR Cr) | 27784 0.4% | 27677 -2.8% | 28478 -2.4% | 29172 -1.8% | 29699 3.3% | 28745 -0.4% | 28853 1.2% | 28525 13.5% | 25137 16.2% | 21634 13.3% | 19101 37.6% | 13885 192.6% | 4745 76.9% | 2682 - |
| Net Worth (INR Cr) | -2698 -534.6% | 621 -86.5% | 4584 -9.6% | 5068 6.2% | 4772 -28.5% | 6677 -10.7% | 7476 163.9% | 2833 -23.8% | 3715 34.1% | 2771 2.9% | 2692 64.8% | 1634 0.0% | 1299 42.3% | 913 0.0% |
| Employee Cost (INR Cr) | 178 23.9% | 143 -13.1% | 165 7.7% | 153 6.2% | 144 9.5% | 132 27.8% | 103 528.1% | 16 - | 0 - | 30 76.3% | 17 -23.1% | 22 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 2860 | 2755 | 1855 | 1655 | 2058 | 1841 | 1679 | 705 | 31 | 0 | 0 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 9 | 4 | 1 | 15 | 17 | 15 | 13 | 7 | 22 | 183 | 684 | 0 | 0 | 0 |
| Total Debt (INR Cr) | 30415 | 27002 | 23839 | 24042 | 24927 | 22068 | 21376 | 25684 | 21279 | 18790 | 16145 | 12074 | 3446 | 1769 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | - | 610.6% | 73.0% | 79.9% | 922.5% | 224.3% | 487.9% | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | 43.50 | 5.20 | 4.74 | 5.22 | 3.31 | 2.86 | 9.07 | 5.73 | 6.78 | 6.00 | 7.39 | 2.65 | 1.94 |
| RONW | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |