Hascol Petroleum Ltd.
PPSX:HASCOL16.82
PKR
-0.50
(-2.89%)
Hascol Petroleum Ltd.
PSX:HASCOL
(Pakistan Stock Exchange)
Recent
price
16.82
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Hascol Petroleum Limited is an energy and oil marketing company engaged in the procurement, storage, transportation, marketing, and distribution of refined petroleum products, lubricants, and chemicals across Pakistan. Founded in 2001 and headquartered in Karachi, Pakistan, the company operates an extensive nationwide retail network of petrol and service stations, alongside commercial and industrial bulk fuel supply operations. Hascol Petroleum Limited categorizes its operations through key product and service offerings, including: high-speed diesel, motor gasoline, and high-octane blending component for automotive transportation; aviation fuels, including Jet A-1, supplied to commercial airlines and aviation operators; industrial furnace oil and light diesel oil for power generation and industrial heating; liquefied petroleum gas for domestic and commercial use; automotive and industrial lubricants, including passenger car motor oils, heavy-duty diesel engine oils, motorcycle oils, gear oils, hydraulic fluids, and industrial greases; and non-fuel retail services comprising convenience store operations, quick-lube centers, and vehicle maintenance facilities across its retail fuel sites. The company maintains an integrated logistics and storage network featuring bulk storage depots, ocean import terminal access, and specialized tanker fleet distribution to serve retail consumers, commercial transport fleets, agricultural users, and industrial enterprises throughout Sindh, Punjab, Khyber Pakhtunkhwa, and Balochistan. Vitol Dubai Limited, an affiliate of global energy trader Vitol Group, holds a significant equity stake and strategic partnership with the company. In recent developments, Hascol Petroleum Limited has advanced comprehensive financial and operational restructuring initiatives under a formal Scheme of Arrangement with its consortium of lending banks and financial institutions to rehabilitate its balance sheet, restructure outstanding debt liabilities, and optimize its capital structure through debt-to-equity conversions and revised settlement terms. Operationally, the company has undertaken board and executive management reconstitutions, upgraded fuel supply chain protocols, streamlined retail dealer agreements, and revitalized inventory management systems at its bulk storage terminals to enhance working capital efficiency, restore market share, and strengthen retail throughput across its nationwide network.