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Oil India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹497.76Fairly Valued by 5.23%vs CMP ₹473.00

P/E (13.2) × ROE (13.3%) × BV (₹346.00) × DY (2.43%)

₹385.11Overvalued by 18.58%vs CMP ₹473.00
MoS: -22.8% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹501.3922%Fair (+6%)
Graham NumberEarnings₹528.2216%Under (+11.7%)
Earnings PowerEarnings₹163.6213%Over (-65.4%)
DCFCash Flow₹240.6213%Over (-49.1%)
Net Asset ValueAssets₹345.577%Over (-26.9%)
EV/EBITDAEnterprise₹441.989%Fair (-6.6%)
Earnings YieldEarnings₹358.407%Over (-24.2%)
ROCE CapitalReturns₹523.847%Under (+10.7%)
Revenue MultipleRevenue₹194.745%Over (-58.8%)
Consensus (9 models)₹385.11100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.7%

*Investments are subject to market risks

Analyst Summary

Oil India Ltd operates in the Oil Drilling And Exploration segment, NSE: OIL | BSE: 533106, current market price is ₹473.00, market cap is 77,004 Cr.. At a glance, stock P/E is 13.2, ROE is 13.3 %, ROCE is 12.9 %, book value is 346, dividend yield is 2.43 %. The latest intrinsic value estimate is ₹385.11, around 18.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹31,703 Cr versus the prior period change of -0.1%, while latest net profit is about ₹7,040 Cr with a prior-period change of 0.9%. The 52-week range shown on this page is 524/322, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisOil India Ltd. is a Public Limited Listed company incorporated on 18/02/1959 and has its registered office in the State of Assam, India. Company's Corporate Identification Number(CIN) is L11101AS1959G…

This summary is generated from the stock page data available for Oil India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

57
Oil India Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health65/100 · Strong
ROCE 12.9% GoodROE 13.3% GoodD/E 0.81 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.13% MF buyingPromoter holding at 56.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (42% → 37%) Declining
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): -16% YoY Declining
Industry Rank85/100 · Strong
P/E 13.2 vs industry 93.4 Cheaper than peersROCE 12.9% vs industry 10.6% Above peersROE 13.3% vs industry 9.9% Above peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:25 am

Market Cap 77,004 Cr.
Current Price 473
Intrinsic Value₹385.11
High / Low 524/322
Stock P/E13.2
Book Value 346
Dividend Yield2.43 %
ROCE12.9 %
ROE13.3 %
Face Value 10.0
PEG Ratio18.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Oil India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Oil India Ltd 77,004 Cr. 473 524/32213.2 3462.43 %12.9 %13.3 % 10.0
Galaxy Surfactants Ltd 5,794 Cr. 1,634 2,750/1,51020.0 7151.35 %16.2 %13.5 % 10.0
Deep Industries Ltd 2,866 Cr. 448 578/32712.4 3020.68 %12.1 %12.9 % 5.00
Hindustan Oil Exploration Company Ltd 1,620 Cr. 123 199/11821.8 1030.00 %12.3 %11.8 % 10.0
Dolphin Offshore Enterprises (India) Ltd 1,612 Cr. 403 506/29731.8 75.50.00 %14.7 %18.7 % 1.00
Industry Average37,995.83 Cr387.8293.43600.591.02%10.56%9.87%6.85

All Competitor Stocks of Oil India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9,3027,8526,2087,4979,6149,1478,1207,2478,3378,8087,9298,3948,330
Expenses 5,3944,5493,9324,0276,1715,8864,9784,7115,7956,2205,5786,0916,043
Operating Profit 3,9083,3032,2773,4693,4433,2613,1422,5362,5422,5882,3512,3032,287
OPM % 42%42%37%46%36%36%39%35%30%29%30%27%27%
Other Income 132173259-1,983635578355977302382980721657
Interest 246153214279236234242280304244199305319
Depreciation 530438478499576576553608624533627671715
Profit before tax 3,2642,8851,8437083,2663,0282,7012,6261,9172,1932,5052,0481,910
Tax % 23%31%24%10%20%23%25%21%24%32%18%20%25%
Net Profit 2,5291,9801,3996402,6082,3332,0162,0691,4571,4972,0471,6441,436
EPS in Rs 14.0410.718.772.5914.4313.1611.5912.408.238.0511.668.787.35

Last Updated: March 3, 2026, 3:59 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 6:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9,6909,9789,8219,56610,69813,78018,61217,61625,90636,08431,74931,70333,461
Expenses 6,0446,3466,2356,4466,7708,19013,29711,92815,40520,82919,24520,54623,932
Operating Profit 3,6463,6333,5863,1203,9285,5915,3155,68910,50015,25512,50411,1589,529
OPM % 38%36%37%33%37%41%29%32%41%42%39%35%28%
Other Income 1,5891,2581,1987931,8121,2512,1471,1851,254737-5661,6662,740
Interest 713493894415546246476609409019641,0691,067
Depreciation 8228651,0701,1801,3271,5411,7861,8441,8241,9472,1292,3182,546
Profit before tax 4,3423,6773,3242,2923,8594,6775,0304,3698,99013,1448,8469,4368,655
Tax % 33%32%37%30%29%31%0%5%25%25%21%25%
Net Profit 2,9902,6082,0801,5972,7353,2385,0054,1466,7199,8546,9807,0406,623
EPS in Rs 16.5814.4611.538.8516.0619.9128.9021.6934.5653.6638.9540.2735.84
Dividend Payout % 43%46%46%72%42%34%24%15%27%25%25%29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-12.78%-20.25%-23.22%71.26%18.39%54.57%-17.16%62.06%46.66%-29.17%0.86%
Change in YoY Net Profit Growth (%)0.00%-7.47%-2.98%94.48%-52.87%36.18%-71.73%79.22%-15.40%-75.82%30.03%

Oil India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:7%
TTM:-6%
Compounded Profit Growth
10 Years:10%
5 Years:6%
3 Years:6%
TTM:-16%
Stock Price CAGR
10 Years:11%
5 Years:44%
3 Years:45%
1 Year:-40%
Return on Equity
10 Years:16%
5 Years:18%
3 Years:18%
Last Year:13%

Last Updated: September 5, 2025, 11:50 am

Balance Sheet

Last Updated: December 10, 2025, 3:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6016016018027571,0841,0841,0841,0841,0841,0841,6271,627
Reserves 20,08020,90024,57728,71828,27327,89022,12622,58229,47837,39747,25548,14154,631
Borrowings 10,1469,0709,72214,18412,32915,11412,74319,71816,72118,83224,04030,64535,854
Other Liabilities 4,5716,5495,3447,6007,3538,43020,98112,15113,84616,86620,11424,41024,796
Total Liabilities 35,39837,12040,24451,30348,71252,51856,93655,53561,12974,17992,494104,823116,908
Fixed Assets 11,20112,6768,67810,55012,32012,47115,95515,96916,80518,09820,52023,64924,707
CWIP 2,8163,7551,8121,8949881,2672,3683,1715,90011,95320,02829,52732,695
Investments 5,2235,57315,05227,46126,65726,45125,71824,01027,09927,92434,45031,61336,890
Other Assets 16,15815,11614,70111,3988,74712,32912,89412,38511,32516,20417,49620,03422,617
Total Assets 35,39837,12040,24451,30348,71252,51856,93655,53561,12974,17992,494104,823116,908

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,6161,7543,5973,1143,9335,0236,4935,2359,31011,41010,93311,332
Cash from Investing Activity + -10,064-1,992-2,677-5,8651,778-578-2,207-8,517-4,192-9,130-12,601-13,514
Cash from Financing Activity + 6,972-2,603-8712,758-5,698-940-7,3313,702-5,615-2,5211,6372,483
Net Cash Flow -477-2,841497123,504-3,045420-498-241-30301
Free Cash Flow 2,099-1,2459862481,2672,5233,1872,1083,3422,886-1,130-1,637
CFO/OP 121%80%125%119%111%108%139%93%99%97%109%120%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.00-6.00-6.00-11.00-9.00-10.00-7.00-14.00-6.00-3.00-12.00-19.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 188749394835293825243838
Inventory Days 333350286244238264
Days Payable 1051401158384112
Cash Conversion Cycle 188749394835257249196185192190
Working Capital Days -2803145-16810-77-141-452124-48-46
ROCE %17%13%12%10%10%15%15%13%21%25%18%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%
FIIs 11.41%11.03%11.26%10.99%9.52%9.34%10.58%9.42%8.51%8.16%7.56%7.54%
DIIs 16.26%16.36%15.89%15.98%17.66%17.91%16.43%17.26%18.31%18.41%19.21%19.44%
Government 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 5.81%6.11%6.32%6.51%6.30%6.23%6.46%6.81%6.67%6.91%6.69%6.50%
No. of Shareholders 2,27,9262,25,9922,37,2392,82,3493,37,7083,62,8184,74,7385,00,4855,13,5055,12,8865,03,8434,81,725

Shareholding Pattern Chart

No. of Shareholders

Oil India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Energy Opportunities Fund 7,504,740 3.87 382.7810,310,2122026-02-22 01:54:33-27.21%
DSP Large & Mid Cap Fund 6,901,465 2.02 352.017,326,3572026-02-20 10:40:13-5.8%
ICICI Prudential India Opportunities Fund 6,405,376 0.93 326.717,655,3762026-02-23 01:21:59-16.33%
Edelweiss Mid Cap Fund 5,394,502 1.99 275.153,406,7402026-01-26 05:36:0958.35%
DSP Mid Cap Fund 4,977,903 1.33 253.94,977,9032025-04-22 17:25:240%
Kotak Multicap Fund 4,793,826 1.08 244.51N/AN/AN/A
ICICI Prudential Multi Asset Fund 4,726,184 0.3 241.065,891,0632026-02-21 02:13:53-19.77%
ICICI Prudential Large & Mid Cap Fund 4,594,541 0.85 234.345,794,5412026-02-22 08:05:05-20.71%
DSP ELSS Tax Saver Fund 4,578,456 1.36 233.525,533,4932026-02-21 12:59:53-17.26%
Kotak Multi Asset Allocation Fund 4,247,962 1.79 216.67N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 40.2758.4280.4951.8432.53
Diluted EPS (Rs.) 40.2758.4280.4951.8432.53
Cash EPS (Rs.) 57.8979.79108.7977.7550.37
Book Value[Excl.RevalReserv]/Share (Rs.) 305.96485.29385.95305.94228.79
Book Value[Incl.RevalReserv]/Share (Rs.) 305.96485.29385.95305.94228.79
Revenue From Operations / Share (Rs.) 199.88299.39332.88238.89162.57
PBDIT / Share (Rs.) 79.20127.69147.43107.3762.65
PBIT / Share (Rs.) 64.95108.06129.4790.5445.65
PBT / Share (Rs.) 58.3777.36121.1781.8735.41
Net Profit / Share (Rs.) 43.6460.1690.8360.9333.36
NP After MI And SOA / Share (Rs.) 40.2758.4280.4951.8432.53
PBDIT Margin (%) 39.6242.6544.2844.9438.53
PBIT Margin (%) 32.4936.0938.8937.9028.07
PBT Margin (%) 29.2025.8336.4034.2721.78
Net Profit Margin (%) 21.8320.0927.2825.5020.52
NP After MI And SOA Margin (%) 20.1419.5124.1821.7020.01
Return on Networth / Equity (%) 13.1613.1022.6818.3914.90
Return on Capital Employeed (%) 11.8315.0621.5018.1711.11
Return On Assets (%) 6.276.8711.819.246.38
Long Term Debt / Equity (X) 0.550.390.470.530.63
Total Debt / Equity (X) 0.590.480.480.530.81
Asset Turnover Ratio (%) 0.330.390.370.270.16
Current Ratio (X) 1.231.171.661.490.97
Quick Ratio (X) 0.890.851.070.910.67
Inventory Turnover Ratio (X) 6.821.230.000.000.00
Dividend Payout Ratio (NP) (%) 31.0329.9518.0120.5758.02
Dividend Payout Ratio (CP) (%) 22.9222.4114.7215.5338.10
Earning Retention Ratio (%) 68.9770.0581.9979.4341.98
Cash Earning Retention Ratio (%) 77.0877.5985.2884.4761.90
Interest Coverage Ratio (X) 12.0514.3717.7512.3810.29
Interest Coverage Ratio (Post Tax) (X) 7.6410.2211.938.037.16
Enterprise Value (Cr.) 90400.6087065.0845749.8643338.7932262.84
EV / Net Operating Revenue (X) 2.782.681.271.671.83
EV / EBITDA (X) 7.026.292.863.724.75
MarketCap / Net Operating Revenue (X) 1.932.000.750.990.75
Retention Ratios (%) 68.9670.0481.9879.4241.97
Price / BV (X) 1.261.350.700.840.56
Price / Net Operating Revenue (X) 1.932.000.750.990.75
EarningsYield 0.100.090.310.210.26

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Oil India Ltd. is a Public Limited Listed company incorporated on 18/02/1959 and has its registered office in the State of Assam, India. Company's Corporate Identification Number(CIN) is L11101AS1959GOI001148 and registration number is 001148. Currently Company is involved in the business activities of Extraction of natural gas. Company's Total Operating Revenue is Rs. 21336.57 Cr. and Equity Capital is Rs. 1626.61 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationPercy Evans Road, P.O. Duliajan Dibrugarh District Assam 786602Contact not found
Management
NamePosition Held
Dr. Ranjit RathChairman & Managing Director
Ms. Balram NandwaniIndependent Director
Mr. Moti Lal MeenaIndependent Director
Mr. Saloma YomdoDirector
Mr. Rohit MathurGovernment Nominee Director
Mr. Vikas SinghGovernment Nominee Director
Mr. Abhijit MajumderDirector - Finance
Mr. Trailukya BorgohainDirector - Operations
Mr. Ankur BaruahDirector - Human Resources

FAQ

What is the intrinsic value of Oil India Ltd and is it undervalued?

As of 25 April 2026, Oil India Ltd's intrinsic value is ₹385.11, which is 18.58% lower than the current market price of ₹473.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.3 %), book value (₹346), dividend yield (2.43 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Oil India Ltd?

Oil India Ltd is trading at ₹473.00 as of 25 April 2026, with a FY2026-2027 high of ₹524 and low of ₹322. The stock is currently in the middle of its 52-week range. Market cap stands at ₹77,004 Cr..

How does Oil India Ltd's P/E ratio compare to its industry?

Oil India Ltd has a P/E ratio of 13.2, which is below the industry average of 93.43. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Oil India Ltd financially healthy?

Key indicators for Oil India Ltd: ROCE of 12.9 % is moderate. Dividend yield is 2.43 %.

Is Oil India Ltd profitable and how is the profit trend?

Oil India Ltd reported a net profit of ₹7,040 Cr in Mar 2025 on revenue of ₹31,703 Cr. Compared to ₹6,719 Cr in Mar 2022, the net profit shows an improving trend.

Does Oil India Ltd pay dividends?

Oil India Ltd has a dividend yield of 2.43 % at the current price of ₹473.00. This is a relatively attractive yield for income-seeking investors.

Last Updated: April 2, 2026, 3:25 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533106 | NSE: OIL
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Oil India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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