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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Oil India Ltd

About the Company - Oil India Ltd

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 crude petroleum. Company’s Total Operating Revenue is Rs. 14529.89 Cr. and Equity Capital is Rs. 1084.41 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationP.O. Duliajan Dibrugarh District Assam 786602oilindia@oilindia.in
http://www.oil-india.com
Management
NamePosition Held
Dr. Ranjit RathChairman & Managing Director
Mr. Harish MadhavDirector - Finance
Mr. Pankaj Kumar GoswamiDirector - Operations
Dr. Manas Kumar SharmaIndependent Director
Ms. Pooja SuriIndependent Director
Mr. Raju RevanakarIndependent Director
Mr. Samik BhattacharyaIndependent Director
Mr. Vinod SeshanGovernment Nominee Director

Basic Stock Data of Oil India Ltd

Last Updated: June 13, 2024, 6:30 am

Market Cap 70,329 Cr.
Current Price 649
High / Low690/241
Stock P/E8.96
Book Value 446
Dividend Yield3.08 %
ROCE17.7 %
ROE18.1 %
Face Value 10.0
PEG Ratio1.87

Competitors of Oil India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Jindal Drilling & Industries Ltd 1,862 Cr. 643915/33416.3 4060.08 %12.0 %10.2 % 5.00
Galaxy Surfactants Ltd 9,472 Cr. 2,6722,989/2,24131.4 6150.82 %17.4 %14.8 % 10.0
Aban Offshore Ltd 424 Cr. 72.693.5/38.4 4,0900.00 %%% 2.00
Selan Explorations Technology Ltd 966 Cr. 636736/29429.6 2590.00 %12.3 %8.69 % 10.0
Deep Energy Resources Ltd 576 Cr. 180239/115424 1210.00 %0.39 %0.35 % 10.0
Industry Average2,660.00 Cr840.72100.261,098.200.18%8.42%6.81%7.40

Oil India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6,3266,5026,2027,2546,7838,87010,6788,2599,3027,8526,2087,4979,614
Expenses5,1884,6184,0444,9404,5855,4225,8045,5555,3944,5493,9324,0276,171
Operating Profit1,1381,8842,1582,3142,1983,4484,8742,7033,9083,3032,2773,4693,443
OPM %18%29%35%32%32%39%46%33%42%42%37%46%36%
Other Income-15818253267692425171727132173259-1,983635
Interest162169260226213241244258246153214279236
Depreciation459518472499543310468511530438478499576
Profit before tax5042,0141,6781,8572,1343,3214,3332,6623,2642,8851,8437083,266
Tax %-211%43%28%22%29%24%25%21%23%31%24%10%20%
Net Profit1,5681,1421,2151,4541,5232,5273,2302,1162,5291,9801,3996402,608
EPS in Rs12.918.769.7210.6211.9719.5325.8717.4921.0716.0713.163.8821.64

Last Updated: April 10, 2024, 4:21 am

Oil India Ltd Quarterly Chart

Oil India Ltd Profit & Loss

Last Updated: May 27, 2024, 5:52 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9,8639,9689,6909,9789,8219,56610,69813,78018,61217,61625,90636,09731,171
Expenses5,2845,3596,0446,3466,2356,4466,7708,19013,29711,92815,40520,82918,679
Operating Profit4,5794,6093,6463,6333,5863,1203,9285,5915,3155,68910,50015,26812,492
OPM %46%46%38%36%37%33%37%41%29%32%41%42%40%
Other Income1,4171,5301,5891,2581,1987931,8121,2512,1471,1851,254724-917
Interest9371349389441554624647660940901882
Depreciation8858488228651,0701,1801,3271,5411,7861,8441,8241,9471,990
Profit before tax5,1015,2884,3423,6773,3242,2923,8594,6775,0304,3698,99013,1448,702
Tax %32%32%33%32%37%30%29%31%0%5%25%25%
Net Profit3,4463,5922,9902,6082,0801,5972,7353,2385,0054,1466,7199,8546,627
EPS in Rs28.6729.8824.8721.7017.3013.2824.1029.8643.3532.5351.8480.4954.75
Dividend Payout %28%50%43%46%46%72%42%34%24%15%27%25%

Oil India Ltd Profit & Loss Yearly Chart

Oil India Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:28%
3 Years:25%
TTM:-16%
Compounded Profit Growth
10 Years:9%
5 Years:26%
3 Years:21%
TTM:-24%
Stock Price CAGR
10 Years:10%
5 Years:28%
3 Years:74%
1 Year:137%
Return on Equity
10 Years:15%
5 Years:19%
3 Years:21%
Last Year:25%

Last Updated: April 16, 2024, 6:13 pm

Oil India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2406016016016018027571,0841,0841,0841,0841,0841,084
Reserves17,49918,64820,08020,90024,57728,71828,27327,89022,12622,58229,47837,39739,060
Borrowings191,26110,1469,0709,72214,18412,32915,11412,74319,71816,72118,83222,404
Other Liabilities5,4074,5674,5716,5495,3447,6007,3538,43020,98112,15113,84616,86617,974
Total Liabilities23,16625,07735,39837,12040,24451,30348,71252,51856,93655,53561,12974,17980,522
Fixed Assets1,0581,2026,4757,2512,8133,8275,1215,2368,2946,0976,1856,88518,667
CWIP1,1321,8892,8163,7551,8121,8949881,2672,3683,1715,90011,95315,934
Investments2,6321,8885,2235,57315,05227,46126,65726,45125,71824,01027,09927,92428,934
Other Assets18,34420,09820,88420,54120,56618,12115,94619,56320,55522,25821,94427,41716,988
Total Assets23,16625,07735,39837,12040,24451,30348,71252,51856,93655,53561,12974,17980,522

Oil India Ltd Reserves and Borrowings Chart

Oil India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3,1631,4362,6161,7543,5973,1143,9335,0236,4935,2359,31011,410
Cash from Investing Activity -1,462451-10,064-1,992-2,677-5,8651,778-578-2,207-8,517-4,192-9,130
Cash from Financing Activity -2,534-6876,972-2,603-8712,758-5,698-940-7,3313,702-5,615-2,521
Net Cash Flow-8341,201-477-2,841497123,504-3,045420-498-241

Oil India Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days331887493948352938252437
Inventory Days333350286244221
Days Payable1051401158384
Cash Conversion Cycle33188749394835257249196185174
Working Capital Days204555673210-77-13947242611
ROCE %28%17%13%12%10%10%15%15%13%21%25%

Oil India Ltd Financial Efficiency Indicators Chart

Oil India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%
FIIs7.62%8.53%9.96%10.11%11.23%12.42%11.78%11.52%11.41%11.03%11.26%10.99%
DIIs18.99%18.50%18.11%17.91%16.84%15.53%15.37%16.04%16.26%16.36%15.89%15.98%
Government0.00%0.00%0.00%0.00%0.00%0.00%9.87%9.87%9.87%9.87%9.87%9.87%
Public16.73%16.31%15.27%15.33%15.27%15.39%6.32%5.91%5.81%6.11%6.32%6.51%
No. of Shareholders1,87,2931,89,5591,82,7891,99,4482,19,7672,30,3902,48,4572,32,6362,27,9262,25,9922,37,2392,82,349

Oil India Ltd Shareholding Pattern Chart

No. of Oil India Ltd Shareholders

Oil India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India CPSE ETF23,482,4412.61716.6823,482,4412024-06-110%
ICICI Prudential Multicap Fund8,010,4282.57244.4823,482,4412024-06-11-65.89%
ICICI Prudential Large & Mid Cap Fund4,593,5521.45140.223,482,4412024-06-11-80.44%
HSBC Midcap Fund3,249,4001.1299.1723,482,4412024-06-11-86.16%
ICICI Prudential Multi Asset Fund3,152,2610.3496.2123,482,4412024-06-11-86.58%
UTI Mid Cap Fund2,740,3400.8983.6423,482,4412024-06-11-88.33%
UTI Value Fund2,700,0001.0382.423,482,4412024-06-11-88.5%
ICICI Prudential Dividend Yield Equity Fund1,810,0001.955.2423,482,4412024-06-11-92.29%
ICICI Prudential PSU Equity Fund1,800,5413.3854.9523,482,4412024-06-11-92.33%
NJ Balanced Advantage Fund1,592,1041.3148.5923,482,4412024-06-11-93.22%

Oil India Ltd ROCE Trend

Oil India Ltd EPS Trend

Oil India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)58.4280.4951.8432.5343.35
Diluted EPS (Rs.)58.4280.4951.8432.5343.35
Cash EPS (Rs.)79.79108.7977.7550.3752.88
Book Value[Excl.RevalReserv]/Share (Rs.)485.29385.95305.94228.79223.90
Book Value[Incl.RevalReserv]/Share (Rs.)485.29385.95305.94228.79223.90
Revenue From Operations / Share (Rs.)299.39332.88238.89162.57190.33
PBDIT / Share (Rs.)127.69147.43107.3762.6561.19
PBIT / Share (Rs.)108.06129.4790.5445.6544.72
PBT / Share (Rs.)77.36121.1781.8735.4136.64
Net Profit / Share (Rs.)60.1690.8360.9333.3636.41
NP After MI And SOA / Share (Rs.)58.4280.4951.8432.5343.35
PBDIT Margin (%)42.6544.2844.9438.5332.14
PBIT Margin (%)36.0938.8937.9028.0723.49
PBT Margin (%)25.8336.4034.2721.7819.25
Net Profit Margin (%)20.0927.2825.5020.5219.13
NP After MI And SOA Margin (%)19.5124.1821.7020.0122.77
Return on Networth / Equity (%)13.1022.6818.3914.9020.25
Return on Capital Employeed (%)15.0621.5018.1711.1111.72
Return On Assets (%)6.8711.819.246.388.28
Long Term Debt / Equity (X)0.390.470.530.630.54
Total Debt / Equity (X)0.480.480.530.810.54
Asset Turnover Ratio (%)0.390.370.270.160.25
Current Ratio (X)1.171.661.490.970.83
Quick Ratio (X)0.851.070.910.670.63
Inventory Turnover Ratio (X)1.230.000.000.000.00
Dividend Payout Ratio (NP) (%)0.0018.0120.5758.0249.78
Dividend Payout Ratio (CP) (%)0.0014.7215.5338.1036.08
Earning Retention Ratio (%)0.0081.9979.4341.9850.22
Cash Earning Retention Ratio (%)0.0085.2884.4761.9063.92
Interest Coverage Ratio (X)14.3717.7512.3810.2910.26
Interest Coverage Ratio (Post Tax) (X)10.2211.938.037.167.46
Enterprise Value (Cr.)87065.0845749.8643338.7932262.8418550.19
EV / Net Operating Revenue (X)2.681.271.671.830.89
EV / EBITDA (X)6.292.863.724.752.80
MarketCap / Net Operating Revenue (X)2.000.750.990.750.43
Retention Ratios (%)0.0081.9879.4241.9750.21
Price / BV (X)1.350.700.840.560.38
Price / Net Operating Revenue (X)2.000.750.990.750.43
EarningsYield0.090.310.210.260.52

Oil India Ltd Profitability Ratios (%)

Oil India Ltd Liquidity Ratios

Oil India Ltd Liquidity Ratios (%)

Oil India Ltd Interest Coverage Ratios (%)

Oil India Ltd Valuation Ratios

Fair Value

Fair Value: 745.58

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 14.88% compared to the current price 649

Intrinsic Value: 781.22

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 20.37% compared to the current price ₹649

Last 5 Year EPS CAGR: 4.78%

*Investments are subject to market risks

Strength and Weakness of Oil India Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 10.08, which is a positive sign.
  2. The company has higher reserves (25,940.62 cr) compared to borrowings (12,481.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (15.69 cr) and profit (5.15 cr) over the years.
  1. The stock has a low average ROCE of 14.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 114.17, which may not be favorable.

FAQ

What is the latest fair value of Oil India Ltd?

The latest fair value of Oil India Ltd is ₹745.58.

What is the Market Cap of Oil India Ltd?

The Market Cap of Oil India Ltd is 70,329 Cr..

What is the current Stock Price of Oil India Ltd as on 13 June 2024?

The current stock price of Oil India Ltd as on 13 June 2024 is ₹649.

What is the High / Low of Oil India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Oil India Ltd stocks is 690/241.

What is the Stock P/E of Oil India Ltd?

The Stock P/E of Oil India Ltd is 8.96.

What is the Book Value of Oil India Ltd?

The Book Value of Oil India Ltd is 446.

What is the Dividend Yield of Oil India Ltd?

The Dividend Yield of Oil India Ltd is 3.08 %.

What is the ROCE of Oil India Ltd?

The ROCE of Oil India Ltd is 17.7 %.

What is the ROE of Oil India Ltd?

The ROE of Oil India Ltd is 18.1 %.

What is the Face Value of Oil India Ltd?

The Face Value of Oil India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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