Is Oil India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Oil India Ltd is a average quality company .

Is Oil India undervalued or overvalued?

The key valuation ratios of Oil India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Oil India share price return in the past 10 years?

Oil India Ltd share price has appreciated 8.4% annually (CAGR) over the past ten years.

Is Oil India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Oil India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Oil India Ltd - Stock Valuation and Financial Performance

Name: Oil India
Brand: Oil India

BSE: 533106 | NSE: OIL | Oil Exploration | Mid Cap

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Oil India Share Price

₹421.20 -17.90 -4.08%
as on 20-Dec'24 16:59

10 Year X-Ray of Oil India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.5%	12%	7.1%	11%	11.5%	7.2%	3.3%	13.8%	22%	14.9%	-
Value Creation Index ⓘ	0.2	-0.1	-0.4	0.0	0.0	-0.5	-0.8	0.2	1.0	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	9,748	9,765	9,510	10,656	13,735	12,129	8,605	14,530	21,372	20,725	22,930
Sales YoY Gr.	-	0.2%	-2.6%	12.1%	28.9%	-11.7%	-29.1%	68.9%	47.1%	-3%	-
Adj EPS ⓘ	14.2	14	13.8	24.5	23	20.6	12.9	25.3	44.5	45.7	42.5
YoY Gr.	-	-1.1%	-2%	78%	-6.2%	-10.5%	-37.3%	95.8%	76.2%	2.8%	-
BVPS (₹) ⓘ	119.3	138.2	161.3	245.9	170.6	149.9	161.1	183.8	211.3	271.3	292.9
Adj Net Profit ⓘ	2,559	2,530	2,480	2,779	3,736	3,346	2,099	4,108	7,240	7,440	6,915
Cash Flow from Ops. ⓘ	1,155	3,474	2,573	3,095	5,069	5,304	1,793	6,005	7,660	7,715	-
Debt/CF from Ops. ⓘ	7.2	2.6	3.5	2.9	2.3	1.7	8.8	1.9	1.5	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.7%	8.6%	34%	-3%
Adj EPS ⓘ	13.9%	14.8%	52.5%	2.8%
BVPSⓘ	9.6%	9.7%	19%	28.4%
Share Price	8.4%	33.1%	51.6%	69.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	12.1	10.9	9.2	9.8	13.4	12.8	8.3	14.7	22.5	19	15.1
Op. Profit Mgn % ⓘ	36.6	37.9	34.5	38.2	44.4	30.3	15.2	39.1	48.1	46	39.6
Net Profit Mgn % ⓘ	26.3	25.9	26.1	26.1	27.2	27.6	24.4	28.3	33.9	35.9	30.2
Debt to Equity ⓘ	0.4	0.4	0.3	0.3	0.4	0.4	0.6	0.4	0.3	0.3	0.2
Working Cap Days ⓘ	239	246	219	217	207	228	305	184	127	141	86
Cash Conv. Cycle ⓘ	54	67	45	42	34	39	64	12	19	30	18

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 34.04%

Net Profit is growing at healthy rate in last 3 years 52.49%

Return on Equity has declined versus last 3 years average to 15.10%

Sales growth is not so good in last 4 quarters at 4.99%

Latest Financials - Oil India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	42.5	51.6
TTM Sales (₹ Cr.)	22,930	38,565
BVPS (₹.) ⓘ	292.9	323.8
Reserves (₹ Cr.) ⓘ	46,339	51,050
P/BV ⓘ	1.44	1.30
PE ⓘ	9.91	8.17

From the Market
52 Week Low / High (₹)	241.50 / 767.30
All Time Low / High (₹)	44.00 / 767.30
Market Cap (₹ Cr.)	68,513
Equity (₹ Cr.)	1,626.6
Face Value (₹)	10
Industry PE ⓘ	8

Management X-Ray of Oil India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Oil India

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Dividend History

Analyst's Notes

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Key Ratios of Oil India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	9,748	9,765	9,510	10,656	13,735	12,129	8,605	14,530	21,372	20,725
Operating Expenses ⓘ	6,247	6,177	6,407	6,745	8,251	9,540	7,461	9,161	11,798	11,955
Manufacturing Costs	2,157	2,317	2,413	2,637	3,310	2,857	2,824	1,659	5,034	4,904
Material Costs	-19	26	-49	49	182	258	102	70	249	252
Employee Cost	1,588	1,402	1,614	1,693	1,577	1,899	1,945	1,700	1,994	1,809
Other Costs ⓘ	2,521	2,432	2,429	2,365	3,183	4,527	2,590	5,732	4,522	4,990
Operating Profit ⓘ	3,501	3,588	3,104	3,911	5,484	2,588	1,144	5,369	9,574	8,769
Operating Profit Margin (%)	35.9%	36.7%	32.6%	36.7%	39.9%	21.3%	13.3%	37.0%	44.8%	42.3%
Other Income ⓘ	1,301	1,394	1,682	1,484	1,435	1,523	2,064	1,897	1,602	2,874
Interest ⓘ	341	384	397	416	479	499	499	783	724	760
Depreciation ⓘ	733	942	1,091	1,270	1,496	1,492	1,538	1,497	1,595	1,775
Exceptional Items ⓘ	0	-215	-1,152	0	-1,027	0	-449	0	0	-2,363
Profit Before Tax ⓘ	3,729	3,441	2,146	3,710	3,916	2,120	723	4,987	8,857	6,745
Tax ⓘ	1,219	1,139	598	1,042	1,326	-464	-1,019	1,099	2,047	1,194
Profit After Tax	2,510	2,302	1,549	2,668	2,590	2,584	1,742	3,887	6,810	5,552
PAT Margin (%)	25.8%	23.6%	16.3%	25.0%	18.9%	21.3%	20.2%	26.8%	31.9%	26.8%
Adjusted EPS (₹)	13.9	12.8	8.6	23.5	15.9	15.9	10.7	23.9	41.9	34.1
Dividend Payout Ratio (%)	48%	42%	74%	43%	43%	44%	31%	40%	32%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	21,514	24,919	29,090	27,909	27,745	24,387	26,211	29,891	34,365	44,122
Share Capital ⓘ	601	601	802	757	1,084	1,084	1,084	1,084	1,084	1,084
Reserves ⓘ	20,913	24,318	28,289	27,153	26,661	23,302	25,126	28,806	33,281	43,038
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	8,341	9,133	8,948	7,366	7,267	8,885	15,718	11,636	11,161	7,144
Long Term Debt	8,341	9,133	8,948	7,366	7,267	8,885	11,418	11,636	11,161	7,142
Short Term Debt	0	0	0	0	0	0	4,300	0	0	2
Trade Payables	501	529	586	551	639	591	717	648	757	858
Others Liabilities ⓘ	6,729	5,372	7,685	9,858	14,569	9,435	8,189	8,800	9,857	14,884
Total Liabilities ⓘ	37,085	39,953	46,309	45,684	50,220	43,297	50,835	50,975	56,140	67,008
Fixed Assets
Gross Block	14,186	8,084	10,744	13,702	15,100	17,534	19,865	22,358	25,454	29,120
Accumulated Depreciation	7,756	960	2,106	3,430	5,010	6,706	8,491	9,796	11,578	13,643
Net Fixed Assetsⓘ	6,430	7,124	8,638	10,272	10,089	10,828	11,374	12,562	13,876	15,477
CWIP ⓘ	2,697	2,859	3,386	2,676	3,306	4,018	3,771	3,089	3,395	3,702
Investmentsⓘ	11,678	14,453	21,950	22,786	22,003	18,389	25,023	27,993	28,321	37,133
Inventories	1,032	1,002	1,096	1,078	1,220	1,275	1,258	1,095	1,387	1,554
Trade Receivables	2,377	1,325	1,006	1,408	1,314	1,075	1,174	1,404	2,222	2,581
Cash Equivalents	8,707	9,908	6,542	3,093	6,136	3,577	1,067	657	1,351	3,070
Others Assetsⓘ	4,163	3,282	3,690	4,372	6,152	4,136	7,168	4,174	5,589	3,490
Total Assets ⓘ	37,085	39,953	46,309	45,684	50,220	43,297	50,835	50,975	56,140	67,008

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1,155	3,474	2,573	3,095	5,069	5,304	1,793	6,005	7,660	7,715
PBT ⓘ	3,729	3,441	2,146	3,710	3,916	2,120	723	4,987	8,857	6,745
Adjustment ⓘ	157	546	449	999	1,726	3,265	1,214	1,828	2,542	4,334
Changes in Working Capital ⓘ	-1580	343	580	-1197	389	299	-1037	-791	-1606	-1450
Tax Paid ⓘ	-1,151	-855	-602	-416	-963	-381	893	-18	-2,132	-1,914
Cash Flow From Investing Activity ⓘ	-1,163	-2,175	-713	459	-745	-2,904	-7,224	-446	-3,593	-4,945
Capex	-1,626	-1,828	-2,138	-1,990	-1,959	-2,248	-2,022	-2,342	-2,782	-3,206
Net Investments	-272	-1,189	496	1,773	524	-1,465	-6,314	-1,101	-1,766	-3,224
Others ⓘ	735	842	929	676	690	809	1,112	2,997	955	1,485
Cash Flow From Financing Activityⓘ	-2,828	-1,248	-1,865	-3,616	-778	-5,554	5,982	-6,218	-4,220	-2,776
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-207	-349	-375	-378	-392	-482	-430	-552	-655	-664
Dividend Paid ⓘ	-633	-1,305	-1,495	-1,707	-1,298	-1,404	-552	-1,167	-2,114	-1,897
Others ⓘ	-1,988	406	4	-1,531	912	-3,668	6,964	-4,500	-1,451	-216
Net Cash Flow ⓘ	-2,836	51	-5	-63	3,547	-3,155	551	-659	-152	-6

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	11.89	9.91	5.73	9.36	9.31	9.91	6.88	13.86	21.2	14.15
ROCE (%)	13.49	11.97	7.06	11.01	11.52	7.21	3.25	13.83	22.01	14.86
Asset Turnover Ratio	0.27	0.25	0.22	0.23	0.29	0.26	0.18	0.29	0.43	0.36
PAT to CFO Conversion(x)	0.46	1.51	1.66	1.16	1.96	2.05	1.03	1.54	1.12	1.39
Working Capital Days
Receivable Days	53	69	45	41	36	36	48	32	28	40
Inventory Days	37	38	40	37	31	38	54	30	19	24
Payable Days	-8,585	7,274	-4,136	4,239	1,193	871	2,349	3,553	1,031	1,170

Oil India Ltd Stock News

Oil India Ltd FAQs

What is the share price of Oil India?

Company share prices are keep on changing according to the market conditions. The closing price of Oil India on 20-Dec-2024 16:59 is ₹421.2.

What is the market cap of Oil India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Oil India stood at ₹68,512.7.

What is the P/E ratio of Oil India?

The latest P/E ratio of Oil India as of 20-Dec-2024 16:59 is 9.91.

What is the P/B ratio of Oil India?

The latest P/B ratio of Oil India as of 20-Dec-2024 16:59 is 1.44.

What is the 52-week high and low of Oil India?

The 52-week high of Oil India is ₹767.3 and the 52-week low is ₹241.5.

What is the TTM revenue of Oil India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Oil India is ₹22,930 ( Cr.) .

About Oil India Ltd

The story of Oil India Limited (OIL) traces and symbolises the development and growth of the Indian petroleum industry. From the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated upstream petroleum company, OIL has come far, crossing many milestones.

Oil India was incorporated as a private limited company on February 18, 1959 under the name ‘Oil India Private Limited’, pursuant to a promoters’ agreement dated January 14, 1958, between the President of India, Burmah Oil Company Limited and Assam Oil Company Limited. At the time of the incorporation, Burmah Oil Company Limited and the President of India held two-thirds and one third of the Equity Share capital, respectively. The Company was incorporated with the main object of exploration and production of crude oil (including natural gas). The Company became a deemed public limited company with effect from March 28, 1961 and the word ‘private’ was deleted from the name of the Company on May 4, 1961.

In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

Business area of the company

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and production company.

Products and services offered by the company

Leveraging technology
Drilling and work over
Pipelines
Harnessing Hydrocarbons
Performance
Renewable energy
Research and development
International business
Business development
Technology Induction

Awards

Oil India has received numerous accolades and recognitions in the recent past.

Credit Rating Agencies, Moody’s and Fitch, reaffirmed Oil India Limited’s Credit Ratings. While Moody’s Investor Service rated Oil India Limited as Baa2 (Stable), Fitch rated the Company as BBB-(Stable).
Ranking of 201 in the Platts Top 250 Global Energy Company Rankings for 2016.
The Petrofed Exploration and Production - Company of the year Award-2015.
Indian Chamber of Commerce (ICC) - Public Sector Enterprise Excellence Award, 2015 on CSR & Sustainability
Standing Conference of Public Enterprises (SCOPE): Corporate Communications Excellence Awards-2016 in the ‘Innovative stakeholder Interface’ and the ‘Best External Communication Programme’ categories
15th Annual Greentech Safety Award 2016 under Gold category in Petroleum Exploration Sector Award for the ‘Best Overall Display’ at the Petrotech-2016 Exhibition.
The Jury choice Award for Strategic Investment at the 4th Governance Now Public Sector Undertaking Awards-2016 Best CFO Award -2016 for OIL's Director (Finance) in Oil & Gas Sector by The Institute of Chartered Accountants of India (ICAI) Awards under various categories at the World Human Resource Development Congress in Feb, 2017
OIL was also ranked 20th in the listing of Best Employer Brand in India out of 470 organizations participating in the 11th Employer Branding Awards, 2017, and was also ranked 45th out of 750 participating organizations in the Dream Companies to Work for listings.

Milestones:

1959- Oil India Private Limited incorporated with Burmah Oil Company Limited holding two-thirds of the Equity Share capital and the President of India holding one-third of the Equity Share capital.
1961- Oil India Private Limited transformed into an equal partnership joint venture company between Burmah Oil Company Limited and the President of India.
1961- Gas-based power plant commissioned at Duliajan, Assam.
1962- Completed construction of a 401 km (16 inch diameter) pipeline from Duliajan to Guwahati.
1963- Completed construction of a 756 km (14 inch diameter) pipeline from Guwahati to Barauni.
1972- Discovery of commercially producible crude oil in Jorajan fields and Kharsang fields.
1981- The Company became a wholly owned enterprise of the GoI.
1982- LPG plant based on turbo expander technology commissioned at Duliajan, Assam.
1988- Discovery of commercially exploitable gas reserves in Tanot, Rajasthan.
1989- Discovery of commercially exploitable gas reserves in Dandewala, Rajasthan.
1990- Discovery of commercially producible crude oil in ecocene formation in Dikom.
1991- Dicovery of commercially producible crude oil in ecocene formation in Kathaloni.
1992- Entered into an agreement with Hydrocarbon Research Incorporated, for initiating coal oil coprocessing studies.
1995- Entered into PSCs with various companies, to revive the declining Kharsang producing field.
2002- Entered into a consortium with OVL and IOCL to execute a service contract with the National Iranian Oil Company for the Farsi Block, Iran.
2004- Upgrading of the Company to a ‘schedule A’ company.
2004- Entered into a memorandum of understanding with IOCL for pursuing overseas exploration and production opportunities.
2004- Acquired participating interest in a pipeline outside India by entering into an agreement with OVL for construction of a 741 km long pipeline in Sudan.
2005- Entered into a memorandum of understanding with IOTL for jointly taking up pipeline and related projects in India and overseas.
2005- Entered into a memorandum of understanding with ITERA Oil and Gas Company, Russia, to jointly pursue exploration and production opportunities in India and overseas, including in Libya.
2005- Awarded Block 86 (Sirte basin) and Block 102/4 in Libya, along with IOCL.
2006- Executed a farm in agreement with IOCL and Marvis Private Limited, Singapore acquiring a participating interest in Block Shakthi, Gabon to the Company and IOCL.
2006- Awarded eight blocks in NELP-VI, out of which the Company is operator in six blocks.
2006- Entered into a joint venture agreement with GAIL, NRL and the Government of Assam to establish a gas-based cracker project at Lepetkata, Assam.
2007- Entered into a memorandum of understanding with British Gas for pursuing exploration and production opportunities.
2007- Entered into a memorandum of understanding with HPCL, GAIL, Total France, SA, and Mittal Energy Investment Private Limited for promoting a refinery-cum petrochemical complex in Vizag.
2007- Entered into a memorandum of understanding with HPCL to jointly pursue oil and gas opportunities in the downstream and upstream segment in India as well as overseas
2010- OIL granted Navratna status.
2010- Oil India Limited with other Indian Oil PSUs sign JV agreement for $20 billion Carabobo-1 Project in Venezuela.
2011- Oil India signs biofuels R&D pact with Energy and Resources Institute-Shri. T. K. Ananth Kumar, Director (Finance), OIL honoured with ‘Best CFO under PSU Category’ by ICAI-OIL Bags the Golden Peacock Award 2010-11 for Excellence in Corporate Governance for the year 2010-11.
2012- Adani group, Oil India ink agreements to bid BG group in Gujarat Gas Co Ltd (GGCL).-OIL achieves highest production oil, natural gas.
2013- Oil India Ltd. (OIL) has expanded its presence in the renewable energy sector with successful commissioning of 54 MW wind turbine power plant in Rajasthan.
2014- MOU between Oil India Limited (OIL) and Zarubezhneft.
2015- Oil India has commissioned a 54 MW wind energy project in the states of Gujarat and Madhya Pradesh.
2015- Oil India Ltd has got environment clearance for drilling 20 wells in three blocks in Jaisalmer, Rajasthan for production of 1 mmscmd gas at an estimated cost of Rs 96 crore.
2015- Oil India Limited signs a Memorandum of Understanding with Rosneft for cooperation in Russia.
2015- Oil India Limited signs a Memorandum of Understanding with Rosneft for cooperation in Russia.
2016- Oil India signs agreement to acquire shares in Rosneft.
2017- Oil India Limited signs Memorandum of Understanding with Centre for Social Responsibility & Leadership.
2019- Oil India commences exploration activities in Rajasthan's Siyasar block.
2019- Oil India incorporates JV Company in Assam.
2019- Government of Arunachal Pradesh grants exploration licenses to Oil India.
2020- Oil India starts exploring for oil and gas in Andaman Sea.