Oil India Ltd.

•

oil-india.comBSE: 533106NSE: OIL

Market Cap₹ 81,168 Cr.

Current Price

High / Low₹ 531 / 390

Stock P/E9.7

Book Value₹ 380

Price to Book1.33

Dividend Yield2.30 %

ROCE12.4 %

ROE14.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Refinery Products: 55.3% • Crude Oil: 30.4% • Natural Gas: 11.8%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.53x)
Working capital cycle has improved - days down from 35 to 15
Company has a consistent dividend-paying track record
Company comfortably covers its interest (9.0x coverage)

CONS

Recent results are weak - TTM profit is down 62.6% versus prior year
Receivables are growing faster than sales - a possible quality concern
Operating margins have contracted to 27.9% from 39.0%
Growth is decelerating - 3Y profit CAGR (-8.5%) trails the 5Y trend (12.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsCrude OilOil Exploration

Part ofNIFTY CPSE NIFTY DIV OPPS 50 NIFTY MIDCAP 150 NIFTY MIDCAP 100 NIFTY 500

S.No.	Name
1.	ONGC	233.80	6.76	294126.93	5.67	6554.44	-43.27	204987.35	25.68	15.96	7.85
2.	OIL	499.00	9.72	81167.73	2.30	4026.83	-80.32	12886.27	47.27	12.43	46.35
3.	DEEPINDS	793.30	24.59	5077.12	0.32	89.15	44.48	278.92	39.81	7.44	38.77
4.	ANTELOPUS	1171.70	31.04	4119.97	0.00	543.20	4741.35	1310.40	2488.19	22.91	70.18
5.	DOLPHIN	686.25	38.12	2745.31	0.00	148.14	1207.16	428.46	2505.73	14.92	59.07
6.	ASIANENE	534.05	45.13	2598.00	0.23	12.76	126.51	271.19	135.06	16.63	8.09
7.	HINDOILEXP	195.65	103.05	2587.34	0.00	6.24	-85.79	114.18	45.17	12.33	4.82
8.	JINDRILL	673.05	10.18	1950.57	0.15	47.14	-28.69	275.39	8.38	15.30	35.72
9.	GNRL	109.02	86.59	1672.40	0.00	11.35	488.84	5.72	70.36	-0.56	202.01
10.	AAKASH	8.49	16.96	85.96	0.00	0.26	-36.86	23.35	7.11	5.39	9.38

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	6,409	8,816	10,913	10,166	9,351	8,136	9,089	9,588	8,750	9,175	9,111	10,013	12,886
	4,132	5,293	7,469	6,905	6,209	5,600	6,411	6,727	6,399	6,872	6,601	6,732	8,094
Operating Profit	2,277	3,523	3,443	3,261	3,142	2,536	2,678	2,860	2,351	2,303	2,510	3,281	4,793
OPM %	35.52%	39.96%	31.55%	32.08%	33.60%	31.17%	29.46%	29.83%	26.87%	25.10%	27.55%	32.77%	37.19%
	163	-1,983	579	219	231	751	302	382	256	517	657	502	350
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
Profit before Tax	1,748	762	3,210	2,669	2,578	2,400	2,053	2,465	1,780	1,844	2,134	2,702	5,322
Tax %	25.40%	8.87%	20.52%	26.05%	26.58%	23.19%	22.38%	28.22%	25.76%	21.90%	22.22%	25.71%	24.34%
Net Profit	0	0	0	0	2,016	2,069	1,457	1,497	20,465	1,644	1,436	2,424	4,027
	8.77	2.59	14.43	13.16	11.59	12.40	8.23	8.05	11.66	8.78	7.35	12.91	22.32

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	9,566	10,698	13,780	18,612	17,616	25,906	36,084	32,466	32,512	33,946	41,186
	6,447	6,770	8,190	13,300	12,017	15,455	20,856	20,025	21,325	23,606	28,299
Operating Profit	3,119	3,928	5,591	5,313	5,599	10,451	15,228	12,441	11,188	10,340	12,887
OPM %	32.61%	36.71%	40.57%	28.54%	31.79%	40.34%	42.20%	38.32%	34.41%	30.46%	31.29%
	269	1,010	100	1,093	746	1,192	759	-960	1,695	2,037	2,025
Interest	441	554	624	647	660	940	901	964	1,069	1,204	1,307
Depreciation	1,180	1,327	1,541	1,786	1,844	1,824	1,947	2,129	2,318	2,712	2,783
Profit before Tax	2,292	3,859	4,677	5,030	4,369	8,990	13,144	8,846	9,436	9,582	12,002
Tax %	30.34%	29.14%	30.77%	0.49%	5.10%	25.26%	25.03%	21.09%	25.40%	21.20%	23.90%
Net Profit	1,597	2,735	3,238	5,005	4,146	6,719	9,854	6,980	7,040	7,551	9,134
EPS	13.53	23.90	28.60	43.35	32.53	51.84	80.49	58.42	40.27	40.70	—
Dividend Payout %	71.54%	41.50%	34.33%	24.45%	15.37%	27.49%	24.85%	24.82%	28.55%	28.26%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 14%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 13%
3 Years:: -9%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 31%
3 Years:: 39%
1 Year:: 28%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 20%
3 Years:: 15%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	802	757	1,084	1,084	1,084	1,084	1,084	1,084	1,627	1,627
Minority Interest	0	0	0	1,070	1,143	2,614	3,371	4,287	4,938	5,804
	28,718	28,273	27,890	22,126	22,582	29,478	37,397	47,255	48,141	56,372
	14,297	10,796	10,855	12,996	19,641	16,644	19,047	24,967	29,834	38,275
Trade Payables	590	558	643	1,035	1,381	1,693	1,835	1,711	2,306	3,358
	7,797	9,900	14,714	21,055	12,847	13,820	16,613	18,970	21,066	20,342
Total Liabilities	52,204	50,285	55,186	59,366	58,679	65,334	79,348	98,274	1,07,911	1,25,777
	9,019	10,620	10,420	13,930	14,552	15,745	16,987	19,144	21,104	24,315
Capital Work in Progress	1,894	988	1,267	2,368	3,171	5,900	11,953	20,028	29,527	37,644
	27,461	26,657	26,451	25,718	24,010	27,099	27,924	34,450	31,613	36,782
	1,096	1,078	1,220	3,064	3,222	3,912	5,113	4,486	5,044	5,476
	0	0	0	1,502	0	0	0	3,333	3,282	4,523
Cash & Bank	6,672	3,320	6,416	4,231	1,587	1,550	3,459	5,937	7,197	5,609
	6,062	7,622	9,413	8,554	12,138	11,128	13,912	10,897	10,143	11,429
Total Assets	52,204	50,285	55,186	59,366	58,679	65,334	79,348	98,274	1,07,911	1,25,777

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,719	4,351	6,055	6,493	5,310	10,346	14,753	10,933	11,332	10,684
Cash from Investing	-6,139	1,458	-584	-2,213	-8,513	-4,193	-9,131	-12,601	-13,514	-10,381
Cash from Financing	2,758	-5,698	-940	-7,331	3,702	-5,615	-2,521	1,637	2,483	409
	-267	-307	3,498	-3,052	425	-499	-242	-31	301	711

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66
9.30	10.56	9.42	8.51	8.16	7.56	7.54	7.67	7.28
17.91	16.43	17.26	18.31	18.41	19.21	19.44	19.43	20.13
9.87	9.87	9.87	9.87	9.87	9.87	9.87	9.87	9.87
6.24	6.46	6.80	6.66	6.91	6.69	6.49	6.37	6.06

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Change in Auditors

2026-09-09 - Oil India Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-31

General Updates

2026-08-31 - Oil India Limited has informed the Exchange about General Updates - Change in Senior Management

2026-08-30

Press Release

2026-08-30 - Oil India Limited has informed the Exchange regarding a press release dated August 30, 2026, titled "OIL Green Energy Limited signs MoUs with Government of Haryana for four Integrated Waste-to-Clean-Energy Projects".

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Oil India Limited has informed the Exchange about Copy of Newspaper Publication - Notice of 67th Annual General Meeting and E-Voting

2026-08-26

General Updates

2026-08-26 - Oil India Limited has informed the Exchange about fine imposed by NSE and BSE

2026-08-25

Shareholders meeting

2026-08-25 - Oil India Limited has informed the Exchange regarding Notice of 67th Annual General Meeting of the Company for F.Y. 2025-26 to be held on September 17, 2026

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Oil India Limited has informed the Exchange about Copy of Newspaper Publication - Notice of 67th Annual General Meeting & Record Date.

2026-08-19

Record Date

2026-08-19 - Oil India Limited has informed the Exchange that Record date for the purpose of Final Dividend (F.Y. 2025-26) is 04-Sep-2026.

2026-08-19

Updates

2026-08-19 - Oil India Limited has informed the Exchange regarding '67th Annual General Meeting (AGM) of the Company & Record Date for Final Dividend for FY 2025-26'.

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