Oil India Ltd logo

Oil India Ltd

OIL NSE

Key Fundamentals

MidcapOil Exploration & ProductionOil & Gas
Market Cap
₹67,415 Cr
Volatility
Moderate
P/E Ratio
10
EBITDA
₹10,446 Cr
Return on Equity
23.55%
Debt to Equity
0.56
Book Value
₹356.56
EPS
₹51.54
52W High
₹531
52W Low
₹384.6

Technical Indicators

Key Insights

Strengths

2
  • Stock is trading at 1.17 times its book value
  • Company has been maintaining a healthy dividend payout of 27.2%

Growth Rate

Revenue Growth
-0.68% ↘
Net Income Growth
6.61% ↘
Cash Flow Change
3.65% ↗
ROE
-2.94% ↘
ROCE
-6.66% ↘
EBITDA Margin (Avg.)
-25.10% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium
BUY Worth buying at current levels Conviction 6/10

Oil India Ltd trades at an attractive PE of 9.1x with a 2.5% dividend yield and price-to-book of just 1.18x, offering deep value in the energy space. While near-term profit growth has slowed to 2% TTM and the stock has declined 10% over the past year, 61.9% analyst buy ratings and strong long-term compounding (33% stock CAGR over 5 years) support accumulation at current levels.

Bull Case 8
  • Deeply undervalued at PE of 9.1x, significantly below broader market averages of 20-22x, offering substantial margin of safety
  • Price-to-book of 1.18x indicates stock is trading near asset replacement value, attractive for a resource-heavy upstream company
  • Healthy dividend yield of 2.5% with consistent payout ratio of 27.2%, providing income support during sideways markets
  • Strong 5-year stock CAGR of 33% demonstrates long-term wealth creation despite recent correction
  • 61.9% of analysts (13 out of 21) recommend Buy, reflecting institutional confidence in the company's outlook
  • 5-year compounded sales growth of 14% and profit growth of 12% show solid operational track record over business cycles
  • 10-year stock CAGR of 13% and profit CAGR of 12% demonstrate consistent long-term compounding ability
  • Market cap of Rs 67,862 crore provides adequate liquidity and index eligibility for institutional participation
Bear Case 8
  • 3-year compounded profit growth is negative at -9%, indicating earnings deterioration in the medium term
  • Stock has declined 10% over the past 1 year, underperforming broader indices and showing negative momentum
  • 3-year compounded sales growth is negative at -2%, suggesting revenue stagnation despite commodity tailwinds
  • ROE has declined from 5-year average of 17% to 12% last year, signaling deteriorating return on capital
  • TTM profit growth of only 2% indicates near-term earnings momentum is weak
  • Only 7% TTM sales growth suggests limited volume expansion in core oil and gas production
  • 9.52% of analysts (2 out of 21) have Sell ratings, indicating some institutional skepticism
  • As a government-owned upstream company, Oil India faces regulatory risks on pricing, subsidy sharing, and windfall taxes that cap upside

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15h ago
Headwinds 3
  • Morgan Stanley downgrades to Underweight Jun 10

    Morgan Stanley set target price at ₹404 citing delayed gas price hikes, weak refinery margins, and 6-7% downside risk to earnings as oil prices normalise.

  • Board composition fine by exchanges May 28

    Oil India fined ₹5,49,880 each by NSE and BSE for Q4FY26 non-compliance on independent director appointments, attributed to Government of India delays.

  • Global supply concerns weigh on outlook Jun 05

    Andaman gas discovery announced amid elevated crude prices and geopolitical tensions raising concerns over global energy supplies and cost pressures on frontier exploration.

Positives 6
  • PTRC pact targets 15% recovery boost Jun 11

    Oil India signed collaboration with Canada's PTRC on June 10 targeting 15% recovery improvement in brownfield assets to support 4 MMT annual production goal, with CCUS-EOR pilots to commence within 12 months.

  • Second Andaman gas discovery confirmed Jun 05

    Vijayapuram-3 well confirmed natural gas at 1,900+ metres depth with continuous flaring, marking 2 of 3 exploratory wells successful (67% hit rate) in frontier Andaman offshore block.

  • MoU with CSIR for tech growth Jun 15

    Oil India signed MoU with CSIR on June 15 for collaborative research in enhanced oil recovery, upstream/downstream operations, and renewable energy.

  • Strong Q4FY26 financial results May 27

    Net profit rose to ₹1,790 crore in Q4FY26 with 6% crude production growth, EBITDA up 39.1% sequentially to ₹1,820.5 crore, and margin improved to 30.5%.

  • Digital oilfield platform deployed Jun 09

    Kellton Tech deployed real-time monitoring across 77 production wells with 482 field devices in 6 months under a $2.5 million contract, enabling AI-driven analytics and predictive maintenance.

  • Bioenergy JV for green expansion May 27

    Subsidiary OGEL formed 50:50 JV with Hindustan Waste Treatment for compressed biogas and waste-to-energy projects aligned with India's clean energy transition goals.

Neutral 4
  • PNGRB pipeline integration request Jun 10

    Oil India along with ONGC, Hindustan Oil Exploration, and Vedanta urged PNGRB to lift gas pipeline integration restrictions, potentially releasing 10% of gas production into domestic supply.

  • Andaman strategy deep-dive analysis Jun 07

    Analysis highlights ₹750 crore seismic investment, 50-50 onshore-offshore production target by 2035, and break-even of $4.50-6.50/MMBtu for Andaman development with ₹13,025 crore total capex for FY25-26.

  • Numaligarh Refinery 75% complete Jun 11

    Oil India's Numaligarh Refinery expansion project reached 75% completion as of May 2026, with ₹6,000 crore exploration capex earmarked for FY26-27.

  • Investor meet video uploaded May 25

    Oil India uploaded video of its Investors' and Analysts' Meet held May 25, 2026, confirming no unpublished price sensitive information was shared.

TL;DR: Oil India is executing well on exploration (67% Andaman success rate, second gas find) and operational efficiency (digital oilfield, CCUS partnerships targeting 15% recovery boost), backed by strong Q4FY26 financials with 39% sequential EBITDA growth. Key risks include Morgan Stanley's Underweight call with ₹404 target on oil price normalisation concerns and governance friction on board composition. The trend is constructive with multiple strategic partnerships and frontier discoveries building long-term optionality, though near-term earnings visibility depends on crude price trajectory and gas price policy decisions.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
7,852
6,208
7,497
9,614
9,147
8,120
7,247
8,337
8,808
7,929
8,394
8,330
9,293
Expenses
4,549
3,932
4,027
6,171
5,886
4,978
4,711
5,795
6,220
5,578
6,091
6,043
6,012
Operating Profit
3,303
2,277
3,469
3,443
3,261
3,142
2,536
2,542
2,588
2,351
2,303
2,287
3,281
OPM %
42%
37%
46%
36%
36%
39%
35%
30%
29%
30%
27%
27%
35%
Other Income
173
259
-1,983
635
578
355
977
302
382
980
721
657
919
Interest
153
214
279
236
234
242
280
304
244
199
305
319
381
Depreciation
438
478
499
576
576
553
608
624
533
627
671
715
699
PBT
2,885
1,843
708
3,266
3,028
2,701
2,626
1,917
2,193
2,505
2,048
1,910
3,119
Tax %
31%
24%
10%
20%
23%
25%
21%
24%
32%
18%
20%
25%
22%
Net Profit
1,980
1,399
640
2,608
2,333
2,016
2,069
1,457
1,497
2,047
1,644
1,436
2,424
EPS in Rs
10.71
8.77
2.59
14.43
13.16
11.59
12.4
8.23
8.05
11.66
8.78
7.35
12.91
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
9,978
9,821
9,566
10,698
13,780
18,612
17,616
25,906
36,084
31,749
31,703
33,946
Expenses
6,346
6,235
6,446
6,770
8,190
13,297
11,928
15,405
20,829
19,245
20,546
23,501
Operating Profit
3,633
3,586
3,120
3,928
5,591
5,315
5,689
10,500
15,255
12,504
11,158
10,446
OPM %
36%
37%
33%
37%
41%
29%
32%
41%
42%
39%
35%
31%
Other Income
1,258
1,198
793
1,812
1,251
2,147
1,185
1,254
737
-566
1,666
3,053
Interest
349
389
441
554
624
647
660
940
901
964
1,069
1,204
Depreciation
865
1,070
1,180
1,327
1,541
1,786
1,844
1,824
1,947
2,129
2,318
2,712
PBT
3,677
3,324
2,292
3,859
4,677
5,030
4,369
8,990
13,144
8,846
9,436
9,582
Tax %
32%
37%
30%
29%
31%
0%
5%
25%
25%
21%
25%
21%
Net Profit
2,608
2,080
1,597
2,735
3,238
5,005
4,146
6,719
9,854
6,980
7,040
7,551
EPS in Rs
14.46
11.53
8.85
16.06
19.91
28.9
21.69
34.56
53.66
38.95
40.27
40.7
Div. Payout %
46%
46%
72%
42%
34%
24%
15%
27%
25%
25%
29%
28%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
601
601
802
757
1,084
1,084
1,084
1,084
1,084
1,084
1,627
1,627
Reserves
20,900
24,577
28,718
28,273
27,890
22,126
22,582
29,478
37,397
47,255
48,141
56,372
Borrowings
9,070
9,722
14,184
12,329
15,114
12,743
19,718
16,721
18,832
24,040
30,645
37,478
Other Liabilities
6,549
5,344
7,600
7,353
8,430
20,981
12,151
13,846
16,866
20,114
24,410
28,372
Total Liabilities
37,120
40,244
51,303
48,712
52,518
56,936
55,535
61,129
74,179
92,494
1,04,823
1,23,848
Fixed Assets
12,676
8,678
10,550
12,320
12,471
15,955
15,969
16,805
18,098
20,520
23,649
28,271
CWIP
3,755
1,812
1,894
988
1,267
2,368
3,171
5,900
11,953
20,028
29,527
37,644
Investments
5,573
15,052
27,461
26,657
26,451
25,718
24,010
27,099
27,924
34,450
31,613
36,782
Other Assets
15,116
14,701
11,398
8,747
12,329
12,894
12,385
11,325
16,204
17,496
20,034
21,151
Total Assets
37,120
40,244
51,303
48,712
52,518
56,936
55,535
61,129
74,179
92,494
1,04,823
1,23,848
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,754
3,597
3,114
3,933
5,023
6,493
5,235
9,310
11,410
10,933
11,332
10,684
Investing
-1,992
-2,677
-5,865
1,778
-578
-2,207
-8,517
-4,192
-9,130
-12,601
-13,514
-10,381
Financing
-2,603
-871
2,758
-5,698
-940
-7,331
3,702
-5,615
-2,521
1,637
2,483
409
Net Cash Flow
-2,841
49
7
12
3,504
-3,045
420
-498
-241
-30
301
711
Free Cash Flow
-1,245
986
248
1,267
2,523
3,187
2,108
3,342
2,886
-1,130
-1,637
2,126
CFO/OP
80
125
119
111
108
139
93
99
97
109
120
125
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
87
49
39
48
35
29
38
25
24
38
38
49
Inventory Days
—
—
—
—
—
333
350
286
244
238
264
301
Days Payable
—
—
—
—
—
105
140
115
83
84
112
184
Cash Conversion Cycle
87
49
39
48
35
257
249
196
185
192
190
165
Working Capital Days
31
45
-168
10
-77
-141
-45
21
24
-48
-46
-44
ROCE %
13%
12%
10%
10%
15%
15%
13%
21%
25%
18%
13%
12%

Shareholding Pattern

As of Mar 2026
Promoters 56.66%
DIIs 19.44%
Government 9.87%
FIIs 7.67%
Public 5.26%
Others 1.10%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11.26%
0.03%
9.51%
9.33%
0.00%
10.58%
9.42%
8.51%
8.16%
7.56%
7.53%
7.67%
DIIs
18.99%
18.49%
18.09%
17.90%
16.84%
15.53%
15.36%
16.05%
16.26%
16.35%
15.89%
15.85%
17.66%
17.90%
17.43%
16.44%
17.25%
18.31%
18.41%
19.23%
19.43%
19.44%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
9.87%
Public
5.93%
5.54%
4.84%
5.00%
4.93%
5.06%
5.61%
5.18%
5.10%
5.30%
5.43%
5.62%
5.38%
5.33%
5.33%
5.61%
5.93%
5.79%
5.93%
5.82%
5.58%
5.26%
Others
18.42%
19.31%
20.41%
20.44%
21.58%
22.75%
12.51%
12.25%
12.11%
11.82%
0.89%
11.98%
0.93%
0.91%
10.72%
0.85%
0.87%
0.87%
0.98%
0.86%
0.93%
1.10%
No. of Shareholders
0
1,87,293
1,89,559
1,82,789
1,99,448
2,19,767
2,30,390
2,48,457
2,27,926
2,25,992
2,37,239
2,82,349
3,37,708
3,62,818
3,62,708
4,74,738
5,00,485
5,13,505
5,12,886
5,03,843
4,81,725
4,64,370

Documents

Frequently Asked Questions about Oil India Ltd

What does Oil India Ltd do?
Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.[1]
Where is Oil India Ltd (OIL) listed?
Oil India Ltd is listed on the Indian stock exchanges. It is listed on NSE: OIL and BSE: 533106. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Oil India Ltd belong to?
Oil India Ltd operates in the Energy sector within the Oil industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Oil India Ltd?
Oil India Ltd has a market capitalisation of approximately ₹67414.76 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Oil India Ltd?
The Price-to-Earnings (PE) ratio of Oil India Ltd is 10.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Oil India Ltd?
Over the past 52 weeks, Oil India Ltd has traded between a low of ₹384.6 and a high of ₹531. This range helps investors understand the stock's price volatility and recent trading levels.
Does Oil India Ltd pay dividends?
Yes, Oil India Ltd has a dividend yield of 2.51%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Oil India Ltd?
Oil India Ltd has a Return on Equity (ROE) of 23.55%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Oil India Ltd on Tapetide?
On Tapetide, you can view Oil India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.[1]

Website oil-india.com
CEO Dr. Ranjit Rath
Employees 6,412
Listed 2009-09-30
Face Value ₹ 10
Issued Size 1,62,66,07,791

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