Oil India Ltd logo

Oil India Ltd

OIL NSE

Key Fundamentals

MidcapOil Exploration & ProductionOil & Gas
Market Cap
₹78,264 Cr
Volatility
Moderate
P/E Ratio
9.35
EBITDA
₹10,446 Cr
Return on Equity
12.87%
Debt to Equity
0.65
Book Value
₹356.56
EPS
₹51.54
52W High
₹531
52W Low
₹384.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • 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 2d ago
AI opinion · based on fundamentals
Risk medium

Oil India Ltd trades at a PE of 8.1x with a market cap of ₹77,557 crore, having reported FY25 standalone PAT of ₹6,114 crore (up 10% YoY) and record combined crude oil and natural gas production of 6.71 MMTOE. The stock has delivered a 35% CAGR over 3 years, but faces structural risks from crude oil price volatility and a modest long-term production growth trajectory of ~3% annually.

Bull Case 8
  • Deep value at PE of 8.1x, significantly below broader market multiples, offering margin of safety for a Maharatna PSU with ₹77,557 crore market cap
  • Record combined production of 6.71 MMTOE in FY25, with crude oil output up 2.95% to 3.458 MMT and natural gas up 2.20% to 3.252 BCM, demonstrating operational delivery
  • FY25 standalone PAT grew 10% to ₹6,114 crore with net profit margin expanding to 27.64% from 25.09% in the prior year, showing improving profitability
  • Aggressive capex ramp-up to ₹10,000 crore planned for FY27 (over 10% increase), targeting 4 MMT crude production with 100 wells planned versus 74 drilled in FY26
  • Reserve replacement ratio improved to 1.2x from 0.94x YoY, indicating successful exploration replenishing depleting reserves
  • Consistent dividend payout of 27.2% with current yield of 2.19%, providing income support in a low-PE stock
  • Subsidiary Numaligarh Refinery contributing meaningfully — consolidated PAT of ₹7,551 crore in FY26 (up ~7.3% YoY) versus standalone, adding downstream diversification
  • TTM revenue growth of 19% and profit growth of 27% indicate strong near-term momentum after a period of muted 3-year compounded sales growth of -2%
Bear Case 8
  • 3-year compounded sales CAGR of -2% and profit CAGR of -9% reflect volatile earnings tied to crude oil price cycles, despite recent TTM recovery
  • Crude oil production grew only ~3% in FY25, and the company's upstream fields in Assam are mature and aging, limiting organic volume upside without heavy reinvestment
  • ROE has declined from 17% (5-year average) to 12% in the last year, indicating diminishing returns on equity capital deployed
  • Significant exposure to government policy risk including windfall tax (introduced 2022), oil price ceilings, and subsidy-sharing mechanisms that can compress realizations unpredictably
  • Price-to-book of 1.34x with declining ROE of 12% suggests the market is pricing in limited value creation above cost of equity
  • Geographically concentrated operations primarily in Assam and Rajasthan expose the company to regional infrastructure bottlenecks, insurgency-related disruptions, and logistical challenges
  • Global energy transition risk — as India targets net-zero by 2070 and renewable capacity expands, long-term demand outlook for upstream oil producers faces structural headwinds
  • High capex intensity of ₹10,000 crore annually relative to standalone PAT of ~₹6,100 crore means free cash flow generation may remain constrained, limiting dividend growth potential

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

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Positives 2
  • CBG plants MoU with Delhi Jul 30

    Oil India signed an MoU with Municipal Corporation of Delhi to establish Compressed Bio-Gas plants, converting municipal solid waste into renewable energy and diversifying into green initiatives.

  • 4 MTPA crude target on track Aug 10

    Oil India confirmed its crude oil production target of 4 MTPA for FY27 remains on schedule with no reported delays, signaling steady upstream operational progress.

Neutral 2
  • GST and Assam tax update Aug 5

    Supreme Court disposed of Assam land tax case after state withdrawal. GST on royalty case remains pending with an interim deposit directive.

  • Q1FY27 earnings call Aug 10 Aug 4

    Oil India will host a conference call on August 10, 2026 to discuss Q1FY27 financial results with Director of Finance and MD of NRL.

TL;DR: Oil India is executing well on its core upstream production targets with the 4 MTPA FY27 goal confirmed on track, while diversifying into green energy via the Delhi CBG plant MoU. No material headwinds emerged in the recent news cycle, and legacy tax disputes are being resolved. The near-term catalyst is the Q1FY27 earnings call on Aug 10 which should provide clarity on financial performance and operational momentum.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
6,208
7,497
9,614
9,147
8,120
7,247
8,337
8,808
7,929
8,394
8,330
9,293
12,503
Expenses
3,932
4,027
6,171
5,886
4,978
4,711
5,795
6,220
5,578
6,091
6,043
6,012
6,711
Operating Profit
2,277
3,469
3,443
3,261
3,142
2,536
2,542
2,588
2,351
2,303
2,287
3,281
5,793
OPM %
37%
46%
36%
36%
39%
35%
30%
29%
30%
27%
27%
35%
46%
Other Income
259
-1,983
635
578
355
977
302
382
980
721
657
919
530
Interest
214
279
236
234
242
280
304
244
199
305
319
381
302
Depreciation
478
499
576
576
553
608
624
533
627
671
715
699
698
PBT
1,843
708
3,266
3,028
2,701
2,626
1,917
2,193
2,505
2,048
1,910
3,119
5,322
Tax %
24%
10%
20%
23%
25%
21%
24%
32%
18%
20%
25%
22%
24%
Net Profit
1,399
640
2,608
2,333
2,016
2,069
1,457
1,497
2,047
1,644
1,436
2,424
4,027
EPS in Rs
8.77
2.59
14.43
13.16
11.59
12.4
8.23
8.05
11.66
8.78
7.35
12.91
22.32
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
38,521
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
24,857
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
13,664
OPM %
36%
37%
33%
37%
41%
29%
32%
41%
42%
39%
35%
31%
35%
Other Income
1,258
1,198
793
1,812
1,251
2,147
1,185
1,254
737
-566
1,666
3,053
2,826
Interest
349
389
441
554
624
647
660
940
901
964
1,069
1,204
1,307
Depreciation
865
1,070
1,180
1,327
1,541
1,786
1,844
1,824
1,947
2,129
2,318
2,712
2,783
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
12,399
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
9,531
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
51.36
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 Jun 2026
Promoters 56.66%
DIIs 20.14%
Government 9.87%
FIIs 7.28%
Public 5.17%
Others 0.89%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
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%
7.28%
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%
20.14%
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%
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%
5.17%
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%
0.89%
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
4,57,085

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 Oil & Gas sector within the Oil Exploration & Production 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 ₹78264.23 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 9.35. 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 2.21%. 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 12.87%. 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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