Confidence Group

Nagpur, India Founded: 1993 • Age: 33 yrs Listed
Bottled LPG gas cylinders are manufactured and supplied in India.

About Confidence Group

Confidence Group is a publicly listed company based in Nagpur (India) founded in 1993. Bottled LPG gas cylinders are manufactured and supplied in India. Confidence Group has raised $11.28 million across 2 funding rounds from investors including BW LPG. The company has 438 employees. Confidence Group has completed 1 acquisition, including Punjab Petroleum. Its Indian entity Confidence Petroleum India Limited reported revenue of β‚Ή4,737 Cr. Confidence Group offers products and services including LPG Supply and Cylinder Manufacturing. Its focus areas include Energy, Oil & Gas Downstream and Oils & Lubricants.

Company details

The Confidence Group was established in 1993 in Nagpur, India, as a manufacturer and supplier of bottled LPG gas cylinders. Operations are centered in the energy sector, with production and distribution focused on liquefied petroleum gas products for domestic use. The company is led by Managing Director Nitin Khara, whose DIN is 01670977. Activities are conducted from the Nagpur base, serving regional markets in India.

Key Metrics
  • Market Cap
    ₹2,246 Cr

    CONFIPET · NSE

  • Share Price
    ₹59.57

    -11.88% today

  • Revenue
    ₹4,705 Cr

    FY 2025-26 · +49.6% YoY

  • EBITDA
    ₹347 Cr

    Margin 7.4%

  • Net Profit
    ₹92.89 Cr

    FY 2025-26 · +2.3% YoY

  • P/E (TTM)
    17.0x

    P/B 1.6x

  • Total Equity Funding
    $11.28M (USD)

    in 2 rounds

  • Investors
  • Employee Count
    438
  • Investments & Acquisitions

Products & Services of Confidence Group

Confidence Group offers a comprehensive portfolio of products and services, including LPG Supply and Cylinder Manufacturing.

LPG Supply
Energy Products

Supply of liquefied petroleum gas is conducted for individuals and commercial entities through a network of dealers and stations

Cylinder Manufacturing
Manufacturing Services

High-pressure cylinder manufacturing is performed at facilities that meet quality standards for industrial gases

Apps and channels of Confidence Group

its YouTube channel Confidence Petroleum has 13.9K subscribers and 30 videos.

Confidence Petroleum
YouTube 13.9K subscribers 30 videos News & Politics
Open channel

Videos from Confidence Group

The most watched videos on Confidence Group's YouTube channel, Confidence Petroleum (13.9K subscribers). Click a video to play it here.

GoGas | Top LPG Company in India | LPG Business Opportunity | LPG Agency | No Security deposit
12.8M views
GOGAS GIN KAR LO, GIN KAR DO | Best Quality LPG Cylinders | Ajay Devgn LPG Ad | GoGas new policy
2M views
GoGas | Top LPG Company in India | LPG Business Opportunity | LPG Agency in India | Marathi
829.3K views
GoGas | Top LPG Company in India | LPG Business Opportunity | LPG Agency| Gujarati
826.4K views

More on Confidence Petroleum.

Funding Insights of Confidence Group

Confidence Group has successfully raised a total of $11.28M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $11.28M
  • Total Rounds 2
  • First Round $11.28M

    (Aug 2018)

  • Investors Count 1

All 2 funding rounds of Confidence Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Nov 2023Post-IPO––
Aug 2018$11.28MSeries B––
–
Valuation history

1 investors in total: 1 institutional.

Investors in Confidence Group

Confidence Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BW LPG.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
LPG shipping services are provided for global energy transport.
1935bwlpg.comSingapore, Singapore
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Investor details for Confidence Group

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Confidence Petroleum India Limited (Confidence Group)

Confidence Petroleum India Limited is the primary company behind Confidence Group. The board of Confidence Petroleum India Limited currently have 7 directors; the longest-serving is Elesh Khara, appointed in 2004. 15 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Elesh Khara
DIN 01765620
Director20 Feb 200422 yrs 8 moConfidence Petroleum India Limited
Nitin Punamchand Khara
DIN 01670977
Managing Director01 Oct 200422 yrs 1 moConfidence Petroleum India Limited
Vaibhav Pradeep Dedhia
DIN 08068912
Director14 Feb 20188 yrs 8 moConfidence Petroleum India Limited
Sumit Bansal
DIN 07449864
Director08 Sep 20251 yr 1 moConfidence Petroleum India Limited
Richa Kathuria
DIN 07632571
Director08 Sep 20251 yr 1 moConfidence Petroleum India Limited
Prasad Dinkarrao Manjarkhede
DIN 11521864
Director04 Feb 20268 moConfidence Petroleum India Limited
Nimisha Rohit Agarwal
DIN 11442309
Director04 Feb 20268 moConfidence Petroleum India Limited

People of Confidence Group

1 people are tracked at Confidence Group (1 in leadership); the tracked headcount is 438.

NameRoleGroup
Managing DirectorLeadership
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IPO & Listings of Confidence Group

Confidence Group is a publicly listed company on the NSE with ticker symbol CONFIPET in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date13 Jun 2019
  • Listed onNSE: CONFIPET
  • Listed entityConfidence Petroleum India Limited
  • Exchange sectorRetail trade

Financials of Confidence Group

Exchange-reported figures of Confidence Petroleum India Limited, the listed company behind Confidence Group (NSE: CONFIPET).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹4,705 Cr
+49.6% YoY
EBITDA
₹347 Cr
+6.9% YoY
Profit After Tax
₹92.89 Cr
+2.3% YoY
Net Worth
₹1,418 Cr
+6.8% YoY
Total Assets
₹2,305 Cr
+4.1% YoY
Total Debt
₹761 Cr
-0.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,7053,1462,6982,2051,4288631,078
Revenue growth+49.6%+16.6%+22.4%+54.4%+65.4%-19.9%-
EBITDA347324359216186121127
EBITDA margin+7.4%+10.3%+13.3%+9.8%+13.0%+14.0%+11.8%
Profit before tax12511314011511663.0369.43
Net profit92.8990.8410580.9589.7449.4152.42
Net profit margin+2.0%+2.9%+3.9%+3.7%+6.3%+5.7%+4.9%
EPS (β‚Ή)2.802.733.322.853.161.741.91
Balance sheet
Total assets2,3052,2151,9201,3131,007754651
Net worth1,4181,3281,182807694533448
Total debt76176563341296.7687.5172.83
Cash & bank22315825973.5920.6317.6620.65
Net working capital961974774474263202193
Cash flow
Cash from operations4005.32263(125)10397.5566.23
Cash from investing(338)(130)(375)(204)(169)(142)(92.60)
Cash from financing(154)15222233069.2441.5225.12
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,4091,2161,3949831,112925697746
Revenue growth (YoY)+116.6%+31.5%+99.9%+31.8%+42.9%---
Other income3.196.049.0810.586.827.4021.7811.12
EBITDA14495.3186.0782.4482.8090.5080.8377.95
EBITDA margin+6.0%+7.8%+6.2%+8.4%+7.4%+9.8%+11.6%+10.5%
Depreciation42.1645.1042.8341.5241.2443.3146.9043.57
Interest21.0413.6324.9724.1221.0320.7518.9920.02
Profit before tax83.6342.6227.3527.3827.3533.8436.7225.48
Tax21.088.236.076.976.906.5210.393.73
Net profit62.5534.3921.2820.4120.4527.3226.3321.75
EPS (β‚Ή)1.860.940.630.620.610.690.920.53
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,5303,0272,5222,0441,278780986
Revenue growth+49.6%+20.1%+23.4%+60.0%+63.9%-20.9%-
EBITDA315288319186169116121
EBITDA margin+7.0%+9.5%+12.6%+9.1%+13.2%+14.9%+12.3%
Profit before tax11510012810210861.0266.19
Net profit86.3377.4093.3873.1380.7045.7649.65
Net profit margin+1.9%+2.6%+3.7%+3.6%+6.3%+5.9%+5.0%
EPS (β‚Ή)2.602.332.942.582.841.611.81
Balance sheet
Total assets1,8041,7831,5751,230782673587
Net worth1,2861,2041,059694590513430
Total debt51557951553658.1052.2659.41
Cash & bank21414424965.2414.0514.5518.56
Net working capital733753611288193177170
Cash flow
Cash from operations46664.35294(24.95)12593.4376.30
Cash from investing(402)(43.18)(166)(466)(143)(127)(104)
Cash from financing(152)1.93(18.08)49417.3229.3327.75
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,3491,1641,2111,0921,064896649711
Revenue growth (YoY)+120.9%+29.8%+86.5%+53.6%+37.9%---
Other income4.4613.498.118.375.995.3722.408.16
Total expenses2,2131,0791,1331,015987817580638
EBITDA13684.6377.3176.8476.4879.1368.7372.86
EBITDA margin+5.8%+7.3%+6.4%+7.0%+7.2%+8.8%+10.6%+10.3%
Depreciation38.5840.5540.1738.0737.8040.6742.8939.80
Interest20.3120.8718.8320.7018.7817.1916.7517.99
Profit before tax81.4036.7026.4226.4425.8926.6431.4923.23
Tax20.6110.005.836.816.495.928.603.48

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,4091,2161,3949831,112925697746
Revenue growth (YoY)+116.6%+31.5%+99.9%+31.8%+42.9%---
Other income3.196.049.0810.586.827.4021.7811.12
EBITDA14495.3186.0782.4482.8090.5080.8377.95
EBITDA margin+6.0%+7.8%+6.2%+8.4%+7.4%+9.8%+11.6%+10.5%
Depreciation42.1645.1042.8341.5241.2443.3146.9043.57
Interest21.0413.6324.9724.1221.0320.7518.9920.02
Profit before tax83.6342.6227.3527.3827.3533.8436.7225.48
Tax21.088.236.076.976.906.5210.393.73
Net profit62.5534.3921.2820.4120.4527.3226.3321.75
EPS (β‚Ή)1.860.940.630.620.610.690.920.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,7053,1462,6982,2051,4288631,078
Revenue growth+49.6%+16.6%+22.4%+54.4%+65.4%-19.9%-
Other income32.5042.4115.0310.096.402.835.64
Total expenses4,3582,8212,3391,9881,242742951
Employee cost0.0047.8130.8655.2947.2334.4145.51
EBITDA347324359216186121127
EBITDA margin+7.4%+10.3%+13.3%+9.8%+13.0%+14.0%+11.8%
Depreciation17117516084.0866.7552.1951.21
Interest83.7578.6473.8027.369.298.6111.61
Profit before tax12511314011511663.0369.43
Tax28.1725.8537.3030.7128.8115.6516.97
Net profit92.8990.8410580.9589.7449.4152.42
Net profit margin+2.0%+2.9%+3.9%+3.7%+6.3%+5.7%+4.9%
EPS (β‚Ή)2.802.733.322.853.161.741.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital33.2233.2231.7528.4028.4028.4027.38
Reserves & surplus1,3851,2951,127746666505419
Shareholders' funds (net worth)1,4181,3281,182807694533448
Minority interest12312085.8380.7078.2821.0321.34
Secured loans45942632440596.7687.5138.36
Unsecured loans3023393096.970.000.0034.47
Total debt76176563341296.7687.5172.83
Total liabilities2,3052,2151,9201,3131,007754651
Assets
Gross block1,9371,7031,4991,042967813683
Net block1,1121,0481,010708554456378
Capital work in progress27.6882.5823.0837.4062.6119.2439.11
Investments7.357.2335.1830.4629.4911.967.61
Inventories20924920329111177.8073.83
Sundry debtors21931515812667.9766.1576.05
Cash & bank balances22315825973.5920.6317.6620.65
Loans & advances74058543129592.5156.7956.40
Total current assets1,3921,3061,050786293218227
Total current liabilities43033127631229.7616.1033.69
Net working capital961974774474263202193
Total assets2,3052,2151,9201,3131,007754651
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash14712110.9510.3617.6620.6521.90
Net cash from operating activities4005.32263(125)10397.5566.23
Net cash from investing activities(338)(130)(375)(204)(169)(142)(92.60)
Net cash from financing activities(154)15222233069.2441.5225.12
Net change in cash(92.41)26.361100.592.98(2.96)(1.25)
Closing cash22315825973.5920.6317.6620.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+49.6%+16.6%+22.4%+54.4%+65.4%-19.9%-
EBITDA growth+6.9%-9.7%+66.2%+16.2%+53.7%-4.4%-
PBT growth+10.0%-19.2%+22.2%-1.3%+84.6%-9.2%-23.2%
Net income growth+2.3%-13.7%+30.1%-9.8%+81.6%-5.7%-
Revenue CAGR (3Y)+28.7%+30.1%+46.2%+26.9%+12.4%+12.5%+29.5%
EBITDA CAGR (3Y)+17.1%+20.4%+43.7%+19.5%+13.7%+19.4%+45.3%
Profitability & leverage
Net income margin+2.1%+2.8%+3.8%+3.8%+6.1%+5.5%+4.9%
Return on capital employed-+9.8%+14.1%+13.3%+15.3%+10.7%+13.9%
Return on net worth-+7.0%+10.5%+11.4%+14.5%+9.9%+12.8%
Debt / equity-0.560.530.340.150.170.18
Long-term debt / equity-0.320.350.230.070.070.07
Interest cover47.6052.5837.0820.717.7912.5115.40
Efficiency & per share
Fixed asset turnover-1.982.142.221.621.171.70
Inventory turnover-13.9310.9210.9515.0911.3814.31
Debtors turnover-13.3218.9922.7021.2912.1416.12
EPS (β‚Ή)2.802.733.322.853.161.741.91
Dividend per share (β‚Ή)0.100.100.100.100.100.100.00
Book value per share (β‚Ή)0.0039.6736.1626.9224.0918.4115.93
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,3491,1641,2111,0921,064896649711
Revenue growth (YoY)+120.9%+29.8%+86.5%+53.6%+37.9%---
Other income4.4613.498.118.375.995.3722.408.16
Total expenses2,2131,0791,1331,015987817580638
EBITDA13684.6377.3176.8476.4879.1368.7372.86
EBITDA margin+5.8%+7.3%+6.4%+7.0%+7.2%+8.8%+10.6%+10.3%
Depreciation38.5840.5540.1738.0737.8040.6742.8939.80
Interest20.3120.8718.8320.7018.7817.1916.7517.99
Profit before tax81.4036.7026.4226.4425.8926.6431.4923.23
Tax20.6110.005.836.816.495.928.603.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,5303,0272,5222,0441,278780986
Revenue growth+49.6%+20.1%+23.4%+60.0%+63.9%-20.9%-
Other income35.9741.1318.677.466.771.623.80
Total expenses4,2142,7402,2031,8581,109664865
Employee cost0.0039.1720.2244.5241.2629.8140.40
EBITDA315288319186169116121
EBITDA margin+7.0%+9.5%+12.6%+9.1%+13.2%+14.9%+12.3%
Depreciation15716114471.2961.8450.0449.42
Interest79.1967.6565.4420.176.436.908.97
Profit before tax11510012810210861.0266.19
Tax29.1222.9034.2528.7026.9115.2616.54
Net profit86.3377.4093.3873.1380.7045.7649.65
Net profit margin+1.9%+2.6%+3.7%+3.6%+6.3%+5.9%+5.0%
EPS (β‚Ή)2.602.332.942.582.841.611.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital33.2233.2231.7528.4028.4028.4027.38
Reserves & surplus1,2531,1701,004633562484402
Shareholders' funds (net worth)1,2861,2041,059694590513430
Secured loans14924021052949.6947.4029.40
Unsecured loans3663393056.948.414.8630.01
Total debt51557951553658.1052.2659.41
Total liabilities1,8041,7831,5751,230782673587
Assets
Gross block1,5411,3921,200761757708590
Net block832804764464367368300
Capital work in progress18.9635.4221.4836.2012.2718.3538.22
Investments13413412912412550.1348.68
Inventories95.1815911519561.7859.5652.18
Sundry debtors31323612777.4053.0861.1760.13
Cash & bank balances21414424965.2414.0514.5518.56
Loans & advances47946539423190.0653.7151.62
Total current assets1,1011,004884568219189182
Total current liabilities36825127228025.7112.0212.35
Net working capital733753611288193177170
Total assets1,8041,7831,5751,230782673587
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1411187.714.5014.5518.5618.47
Net cash from operating activities46664.35294(24.95)12593.4376.30
Net cash from investing activities(402)(43.18)(166)(466)(143)(127)(104)
Net cash from financing activities(152)1.93(18.08)49417.3229.3327.75
Net change in cash(87.69)23.101113.21(0.50)(4.00)0.08
Closing cash21414424965.2414.0514.5518.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+49.6%+20.1%+23.4%+60.0%+63.9%-20.9%-
EBITDA growth+9.7%-9.7%+71.4%+9.9%+45.4%-3.7%-
PBT growth+15.1%-21.4%+25.3%-5.4%+76.4%-7.8%-21.6%
Net income growth+11.5%-17.1%+27.7%-9.4%+76.4%-7.8%-
Revenue CAGR (3Y)+30.4%+33.3%+47.9%+27.5%+13.5%+10.8%+26.6%
EBITDA CAGR (3Y)+19.3%+19.4%+39.9%+15.4%+13.2%+19.7%+44.6%
Profitability & leverage
Net income margin+1.9%+2.6%+3.7%+3.6%+6.3%+5.9%+5.0%
Return on capital employed-+10.1%+13.9%+12.3%+15.9%+11.0%+14.1%
Return on net worth-+6.9%+10.8%+11.6%+14.9%+9.9%+12.8%
Debt / equity-0.490.610.470.100.120.15
Long-term debt / equity-0.260.440.380.040.030.05
Interest cover49.9153.3437.5217.615.9910.4112.57
Efficiency & per share
Fixed asset turnover-2.362.602.731.771.221.80
Inventory turnover-22.0816.3015.9421.0613.9618.30
Debtors turnover-16.6824.7031.3322.3712.8616.83
EPS (β‚Ή)2.602.332.942.582.841.611.81
Dividend per share (β‚Ή)0.100.100.100.100.100.100.00
Book value per share (β‚Ή)0.0035.9132.2822.9320.4217.6815.29

Investments & Acquisitions by Confidence Group

Confidence Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Punjab Petroleum.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Petroleum company manufacturing LPGs
Sahibzada Ajit Singh Nagar, India1994Jul 2024β€’β€’β€’β€’
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Timeline of Confidence Group

5 dated milestones of Confidence Group across 31 years, from founding to its latest funding, stage changes and deals.

  1. Founded Confidence Group is founded.
  2. Funding First funding round of $11.3M.
  3. IPO Lists on the stock exchange (IPO).
  4. Funding Latest funding round, Post-IPO,.
  5. Acquisition Acquires Punjab Petroleum.

Web traffic of Confidence Group

The website of Confidence Group (confidencegroup.co) receives about 3K visits a month.

  • Monthly visits
    3K

    ▼ 42.1% vs previous month

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Frequently Asked Questions about Confidence Group

Confidence Group was founded in 1993 and raised its 1st funding round 25 years after it was founded.

Confidence Group is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.

Confidence Group is a funded company, having raised a total of $11.28M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.28M, raised on Aug 2018.

Confidence Group has 438 employees.

The primary company behind Confidence Group, Confidence Petroleum India Limited, reported revenue of β‚Ή4,737 Cr for FY 2026, up 50% year on year.

The Confidence Group was established in 1993 in Nagpur, India, as a manufacturer and supplier of bottled LPG gas cylinders. Operations are centered in the energy sector, with production and distribution focused on liquefied petroleum gas products for domestic use. The company is led by Managing Director Nitin Khara, whose DIN is 01670977. Activities are conducted from the Nagpur base, serving regional markets in India.

Confidence Group offers LPG Supply and Cylinder Manufacturing.

Yes, Confidence Group is publicly traded on NSE under the ticker symbol CONFIPET.

Confidence Group has made 1 acquisition, including Punjab Petroleum.

Confidence Group has 1 investor. Key investors include BW LPG.

Confidence Group operates through Confidence Petroleum India Limited.

The legal entities of Confidence Group currently have 8 directors, including Elesh Khara, Nitin Punamchand Khara, Vaibhav Pradeep Dedhia and others.

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