---
title: "Cairn India Ltd(Merged) (CAIRN) — Share Price, Financials & Analysis"
symbol: "CAIRN"
company: "Cairn India Ltd(Merged)"
canonical: "https://tapetide.com/stocks/CAIRN"
isin: "INE910H01017"
nse_symbol: "CAIRN"
generated_at: "2026-10-13T10:59:30.155Z"
---

# Cairn India Ltd(Merged) (CAIRN)

Canonical page: https://tapetide.com/stocks/CAIRN

## Company

- **NSE Symbol:** CAIRN
- **ISIN:** INE910H01017
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** cairnindia.com

## About

Cairn India is an oil and gas exploration, and production company. The Company is primarily engaged in the business of surveying, prospecting, drilling, exploring, acquiring, developing, producing, maintaining, refining, storing, trading, supplying, transporting, marketing, distributing, importing, exporting and generally dealing in minerals, oils, petroleum, gas and related by-products and other activities.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 1.09 times its book value

### Weaknesses

- The company has delivered a poor sales growth of -3.44% over past five years.
- Tax rate seems low
- Company has a low return on equity of 11.9% over last 3 years.
- Working capital days have increased from 84.1 days to 305 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 224% | -48% | -24% |
| revenue growth | -19% | -21% | -3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5049 | 4483 | 3982 | 3504 | 2677 | 2627 | 2242 | 2039 | 1717 | 1885 | 2039 | 2149 |
| Expenses | 1366 | 1430 | 1326 | 1477 | 2058 | 1274 | 1269 | 1726 | 1180 | 1091 | 999 | 1590 |
| Operating Profit | 3683 | 3052 | 2656 | 2027 | 619 | 1353 | 973 | 313 | 537 | 794 | 1039 | 560 |
| OPM % | 73 | 68 | 67 | 58 | 23 | 51 | 43 | 15 | 31 | 42 | 51 | 26 |
| Other Income | 164 | -1611 | 586 | 516 | -148 | 291 | 323 | 393 | -493 | 404 | 599 | 445 |
| Interest | 11 | 2 | 5 | 8 | 5 | 13 | 16 | 16 | 26 | 18 | 19 | 29 |
| Depreciation | 637 | 720 | 703 | 891 | 256 | 866 | 902 | 1012 | 742 | 810 | 782 | 726 |
| Profit before tax | 3200 | 720 | 2534 | 1644 | 211 | 764 | 379 | -322 | -725 | 369 | 837 | 250 |
| Tax % | 5 | -52 | 10 | 18 | 214 | 34 | 14 | -5 | -22 | 3 | 7 | 68 |
| Net Profit | 3035 | 1093 | 2278 | 1350 | -241 | 501 | 326 | 41 | -564 | 360 | 779 | 604 |
| EPS in Rs | 15.91 | 5.83 | 12.15 | 7.2 | -1.28 | 2.67 | 1.74 | 0.22 | -3.01 | 1.92 | 4.15 | 3.22 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2007 | Mar 2009 15m | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1012 | 1433 | 1623 | 10278 | 11861 | 17524 | 18762 | 14646 | 8626 | 7790 |
| Expenses | 1016 | 1108 | 989 | 2024 | 2606 | 4491 | 5076 | 3996 | 5261 | 4860 |
| Operating Profit | -3 | 325 | 634 | 8254 | 9254 | 13033 | 13686 | 10650 | 3365 | 2930 |
| OPM % | -0.3 | 23 | 39 | 80 | 78 | 74 | 73 | 73 | 39 | 38 |
| Other Income | 134 | 675 | 408 | 129 | 835 | 1036 | 1503 | -824 | -9665 | 955 |
| Interest | 2 | 6 | 15 | 300 | 226 | 69 | 41 | 20 | 27 | 93 |
| Depreciation | 3 | 6 | 11 | 1193 | 1440 | 1846 | 2297 | 4697 | 3107 | 3061 |
| Profit before tax | 126 | 988 | 1016 | 6890 | 8423 | 12155 | 12850 | 5109 | -9435 | 731 |
| Tax % | 119 | 19 | -3 | 8 | 6 | 2 | 3 | 12 | 0 | — |
| Net Profit | -25 | 803 | 1051 | 6334 | 7938 | 11920 | 12432 | 4480 | -9432 | 1178 |
| EPS in Rs | -0.14 | 4.24 | 5.54 | 33.31 | 41.62 | 62.4 | 65.17 | 23.89 | -50.31 | 6.28 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 18 | 19 | 38 | -6 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2006 | Dec 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1765 | 1778 | 1897 | 1897 | 1902 | 1907 | 1910 | 1908 | 1875 | 1875 |
| Reserves | 27481 | 27563 | 30867 | 31971 | 38391 | 46385 | 45789 | 55530 | 56995 | 46918 |
| Borrowings | 518 | 312 | 4356 | 3401 | 2678 | 1252 | 0 | 0 | 0 | 0 |
| Other Liabilities | 4667 | 1422 | 2206 | 1926 | 3538 | 3899 | 6351 | 8255 | 7964 | 7703 |
| Total Liabilities | 34431 | 31075 | 39326 | 39195 | 46509 | 53443 | 54050 | 65692 | 66834 | 56496 |
| Fixed Assets | 25666 | 25368 | 25383 | 25446 | 31243 | 34269 | 24590 | 25076 | 23633 | 11946 |
| CWIP | 1712 | 2906 | 6504 | 9663 | 6067 | 4500 | 4385 | 5697 | 5907 | 4340 |
| Investments | 11 | 713 | 171 | 1712 | 1094 | 1836 | 10382 | 16364 | 15233 | 15054 |
| Other Assets | 7041 | 2088 | 7268 | 2373 | 8105 | 12838 | 14693 | 18556 | 22061 | 25156 |
| Total Assets | 34431 | 31075 | 39326 | 39195 | 46509 | 53443 | 54050 | 65692 | 66834 | 56496 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2006 | Dec 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -60 | 550 | 968 | 110 | 6338 | 7069 | 11056 | 11094 | 9520 | 4134 |
| Cash from Investing Activity | -9406 | -6430 | -5097 | -601 | -4941 | -2248 | -13058 | -8132 | -5943 | -2165 |
| Cash from Financing Activity | 15601 | -104 | 6152 | -1045 | -873 | -1522 | -2398 | -2924 | -3433 | -720 |
| Net Cash Flow | 6135 | -5984 | 2023 | -1537 | 524 | 3300 | -4400 | 38 | 144 | 1248 |
| Free Cash Flow | -60 | 533 | -2045 | -3256 | 3773 | 4113 | 9424 | 8393 | 3946 | 2485 |
| CFO/OP | 328 | -19518 | 343 | 45 | 92 | 99 | 102 | 100 | 100 | 127 |

### Ratios

| Item | Dec 2006 | Dec 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1807 | 49 | 39 | 69 | 53 | 46 | 48 | 49 | 28 | 11 |
| Inventory Days | 15801 | — | — | — | — | — | — | — | — | — |
| Days Payable | 40549 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -22941 | 49 | 39 | 69 | 53 | 46 | 48 | 49 | 28 | 11 |
| Working Capital Days | -31993 | -63 | -232 | -48 | 17 | 38 | 7 | -8 | -45 | 305 |
| ROCE % | — | 0 | 3 | 3 | 18 | 19 | 25 | 24 | 12 | 3 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 59.85% |
| FIIs | 14.76% |
| DIIs | 11.96% |
| Government | 0.01% |
| Public | 13.42% |
| No. of Shareholders | 234450 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 59.88% | 59.86% | 59.85% |
| FIIs | 15.75% | 15.26% | 14.76% |
| DIIs | 10.12% | 10.91% | 11.96% |
| Government | 0.01% | 0.01% | 0.01% |
| Public | 14.23% | 13.96% | 13.42% |
| No. of Shareholders | 268780 | 248592 | 234450 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 151.03 | Sell |
| EMA (10) | 150.12 | Sell |
| SMA (20) | 154.7 | Sell |
| EMA (20) | 151.98 | Sell |
| SMA (50) | 151.4 | Sell |
| EMA (50) | 152.44 | Sell |
| SMA (100) | 152.67 | Sell |
| EMA (100) | 153.35 | Sell |
| SMA (200) | 158.12 | Sell |
| EMA (200) | 155.49 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.25 | Neutral |
| MACD (12,26,9) | -1.48 | Sell |
| Stochastic (14,3,3) | 14.07 | Buy |
| ADX (14) | 19.35 | Neutral |
| Williams %R (14) | -90.37 | Buy |
| ATR (14) | 7.68 | High Volatility |
| ROC (12) | -7.82 | Sell |
| Stoch RSI (14) | 5.31 | Buy |
| UO (7,14,28) | 48.42 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2025-01-08 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0C618FF7_BDE9_4F82_80EA_A0EA03FF631E_144703.pdf) |
| 2023-04-18 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01c20eee-2e3c-441d-8d6f-d3aa4df7c241.pdf) |
| 2023-04-16 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28dfc8ef-e827-41cd-8baa-76e6c315a818.pdf) |
| 2023-04-14 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6c17844-483e-499d-a892-01ee09dba623.pdf) |
| 2023-02-23 | [Corporate Insolvency Resolution Process (CIRP)-Filing of Resolution plan with Tribunal](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f7ca946-4f5c-4c36-9790-f4b53fdf0699.pdf) |
| 2017-04-13 | [Record Date for Scheme of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4F627BFB_397F_40CD_8B8D_05783228E029_161141.pdf) |
| 2017-04-13 | [Record Date for Scheme of Amalgamation](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/4F627BFB_397F_40CD_8B8D_05783228E029_161141.pdf) |
| 2017-04-11 | [Press Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92fdcc14-c990-4ab0-acee-08ee7e4bd403.pdf) |
| 2017-04-11 | [Press Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e698803-f880-44e5-99e3-309c166ac573.pdf) |
| 2017-04-11 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f3756b4-7aba-4a71-bd38-12a5a01f28fc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/531518/72325531518.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/531518/66047531518.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/531518/5315180319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/531518/5315180318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/531518/5315180317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532792/5327920316.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/531518/5315180316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532792/5327920315.pdf) |
| Mar 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/531518/5315180315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532792/5327920314.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40AB1182_AC96_4931_B673_19EC1BBD8B4F_190952.pdf) |
| Jul 2016 | [Concall - Jul 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D0FA4F48_F4F9_45DE_9AC6_F108BCE6D651_154835.pdf) |
| Jan 2016 | [Concall - Jan 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07D28FFE_4F43_46C1_9B03_B7E71A7F58FA_170848.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:30.155Z.