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Last Updated on: 22 February, 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

Oil India Ltd. Share Price Update

Share PriceValue
Today₹515.45
Previous Day₹511.30

Basic Stock Data of Oil India Ltd

Market Cap 64,620 Cr.
Current Price 596
High / Low630/238
Stock P/E9.26
Book Value 370
Dividend Yield3.29 %
ROCE25.4 %
ROE25.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Oil India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Selan Explorations Technology Ltd 785 Cr. 516592/22930.3 2460.00 %11.7 %8.96 % 10.0
South West Pinnacle Exploration Ltd 423 Cr. 152192/92.051.8 42.50.32 %9.96 %7.32 % 10.0
Aban Offshore Ltd 462 Cr. 79.093.5/31.2 3,9520.00 %%% 2.00
Galaxy Surfactants Ltd 9,070 Cr. 2,5582,989/2,21828.9 5720.86 %23.6 %22.1 % 10.0
Oil & Natural Gas Corpn Ltd (ONGC) 3,42,309 Cr. 272281/1467.48 2464.09 %13.9 %14.1 % 5.00
Industry Average336.4 Cr204.223.7221.91.05%11.83%10.5%7.4

Oil India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5,4656,3266,5026,2027,2546,7838,87010,6788,2599,3027,8526,2087,497
Expenses3,5925,1884,6184,0444,9404,5855,4225,8045,5555,3944,5493,9324,027
Operating Profit1,8731,1381,8842,1582,3142,1983,4484,8742,7033,9083,3032,2773,469
OPM %34%18%29%35%32%32%39%46%33%42%42%37%46%
Other Income54-15818253267692425171727132173259-1,983
Interest162162169260226213241244258246153214279
Depreciation441459518472499543310468511530438478499
Profit before tax1,3255042,0141,6781,8572,1343,3214,3332,6623,2642,8851,843708
Tax %20%-211%43%28%22%29%24%25%21%23%31%24%10%
Net Profit1,0581,5681,1421,2151,4541,5232,5273,2302,1162,5291,9801,399640
EPS in Rs8.2212.918.769.7210.6211.9719.5325.8717.4921.0716.0713.163.88

Oil India Ltd Quarterly Chart

Oil India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9,8639,9689,6909,9789,8219,56610,69813,78018,61217,61625,90636,09730,858
Expenses5,2845,3596,0446,3466,2356,4466,7708,19013,29711,92815,40520,82917,901
Operating Profit4,5794,6093,6463,6333,5863,1203,9285,5915,3155,68910,50015,26812,957
OPM %46%46%38%36%37%33%37%41%29%32%41%42%42%
Other Income1,4171,5301,5891,2581,1987931,8121,2512,1471,1851,254724-1,420
Interest9371349389441554624647660940901892
Depreciation8858488228651,0701,1801,3271,5411,7861,8441,8241,9471,944
Profit before tax5,1015,2884,3423,6773,3242,2923,8594,6775,0304,3698,99013,1448,700
Tax %32%32%33%32%37%30%29%31%0%5%25%25%
Net Profit3,4463,5922,9902,6082,0801,5972,7353,2385,0054,1466,7199,8546,548
EPS in Rs28.6729.8824.8721.7017.3013.2824.1029.8643.3532.5351.8480.4954.18
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:27%
3 Years:68%
1 Year:130%
Return on Equity
10 Years:15%
5 Years:19%
3 Years:21%
Last Year:25%

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days393318874939483529382524
Inventory Days350286244
Days Payable14011583
Cash Conversion Cycle393318874939483529249196185
Working Capital Days-9204555673210-77-139472426
ROCE %30%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)
Nippon India CPSE ETF234824412.61716.68
ICICI Prudential Multicap Fund80104282.57244.48
ICICI Prudential Large & Mid Cap Fund45935521.45140.2
HSBC Midcap Fund32494001.1299.17
ICICI Prudential Multi Asset Fund31522610.3496.21
UTI Mid Cap Fund27403400.8983.64
UTI Value Fund27000001.0382.4
ICICI Prudential Dividend Yield Equity Fund18100001.955.24
ICICI Prudential PSU Equity Fund18005413.3854.95
NJ Balanced Advantage Fund15921041.3148.59

Oil India Ltd ROCE Trend

Oil India Ltd EPS Trend

Oil India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)80.4951.8432.5343.3528.60
Diluted EPS (Rs.)80.4951.8432.5343.3528.60
Cash EPS (Rs.)108.7977.7550.3752.8833.45
Book Value[Excl.RevalReserv]/Share (Rs.)385.95305.94228.79223.90267.19
Book Value[Incl.RevalReserv]/Share (Rs.)385.95305.94228.79223.90267.19
Revenue From Operations / Share (Rs.)332.88238.89162.57190.33127.08
PBDIT / Share (Rs.)147.43107.3762.6561.1961.95
PBIT / Share (Rs.)129.4790.5445.6544.7247.74
PBT / Share (Rs.)121.1781.8735.4136.6432.52
Net Profit / Share (Rs.)90.8360.9333.3636.4119.24
NP After MI And SOA / Share (Rs.)80.4951.8432.5343.3529.86
PBDIT Margin (%)44.2844.9438.5332.1448.74
PBIT Margin (%)38.8937.9028.0723.4937.56
PBT Margin (%)36.4034.2721.7819.2525.58
Net Profit Margin (%)27.2825.5020.5219.1315.14
NP After MI And SOA Margin (%)24.1821.7020.0122.7723.49
Return on Networth / Equity (%)22.6818.3914.9020.2511.17
Return on Capital Employeed (%)21.5018.1711.1111.7211.69
Return On Assets (%)11.819.246.388.286.17
Long Term Debt / Equity (X)0.470.530.630.540.37
Total Debt / Equity (X)0.480.530.810.540.37
Asset Turnover Ratio (%)0.370.270.160.250.28
Current Ratio (X)1.661.490.970.831.45
Quick Ratio (X)1.070.910.670.631.30
Dividend Payout Ratio (NP) (%)18.0120.5758.0249.7840.14
Dividend Payout Ratio (CP) (%)14.7215.5338.1036.0827.19
Earning Retention Ratio (%)81.9979.4341.9850.2259.86
Cash Earning Retention Ratio (%)85.2884.4761.9063.9272.81
Interest Coverage Ratio (X)17.7512.3810.2910.2610.77
Interest Coverage Ratio (Post Tax) (X)11.938.037.167.465.99
Enterprise Value (Cr.)45749.8643338.7932262.8418550.1924440.47
EV / Net Operating Revenue (X)1.271.671.830.891.77
EV / EBITDA (X)2.863.724.752.803.64
MarketCap / Net Operating Revenue (X)0.750.990.750.431.46
Retention Ratios (%)81.9879.4241.9750.2159.85
Price / BV (X)0.700.840.560.380.69
Price / Net Operating Revenue (X)0.750.990.750.431.46
EarningsYield0.310.210.260.520.16

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 / Intrinsic Value of Oil India Ltd Stock

Fair Value: ₹891.81

The stock is undervalued by 49.63% compared to the current price ₹596

*Investments are subject to market risks

Strength and Weakness of Oil India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 8.42, which is a positive sign.
  3. The company has higher reserves (25,940.62 cr) compared to borrowings (12,481.77 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (15.62 cr) and profit (5.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 71.62 and average Dividend Yield of 33.18%.
  2. The stock has a high average Cash Conversion Cycle of 83.92, which may not be favorable.

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