Oil India

₹293 5.3 | 1.8%

WEBSITE BSE:533106 NSE : OIL INDIA 28 Sep, 15:32

Market Cap ₹31823 Cr.

Stock P/E 4.3

P/B 0.8

Current Price ₹293

Book Value ₹ 366.9

Face Value 10

52W High ₹297

Dividend Yield 6.82%

52W Low ₹ 168.3

Edit Ratio

Oil India Research see more...

Overview Inc. Year: 1959Industry: Oil Exploration

Oil India Ltd is an India-based exploration and manufacturing organization in the upstream sector, that's engaged in supplying crude oil and natural gas. The Company's segments include Pipeline Transportation, Renewable Energy, Crude Oil, Natural Gas, LPG,and Others. The Company also produces LPG and transports crude oil and refined petroleum products through cross- country pipelines. The Company is working in about three PEL and about 25 PML regions, allocated underneath the nomination regime within the States of Assam, Arunachal Pradesh and Rajasthan. The Company additionally holds Participating Interest in approximately six New Exploration Licensing Policy (NELP) Blocks with operatorship in four blocks and as non-operator within the remaining two blocks. The Company's operation in India are in Arunachal Pradesh, Mizoram, Assam, Tripura, Andhra Pradesh, Rajasthan, Nagaland, Odisha, and offshore regions in Andaman, Kerala-Konkan and KG shallow waters.

Oil India Share Price

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Peer Comparison

Oil India Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Net Sales	6505	6205	7254	7685	8870	11567	10124	10581	8768	6409
Other Income	688	71	166	477	425	79	340	132	169	169
Total Income	7193	6277	7420	8163	9295	11645	10464	10712	8937	6578
Total Expenditure	4618	4044	4940	5488	5039	6689	7420	6401	5260	4132
Operating Profit	2575	2232	2480	2675	4255	4956	3043	4311	3677	2446
Interest	169	260	226	213	241	244	258	246	153	214
Depreciation	518	472	499	543	310	468	511	530	438	478
Exceptional Income / Expenses	-70	0	0	0	0	0	0	0	0	-7
Profit Before Tax	1818	1500	1756	1919	3704	4244	2274	3535	3086	1748
Provision for Tax	872	463	402	611	794	1103	546	735	905	444
Profit After Tax	946	1037	1353	1308	2910	3141	1729	2800	2181	1304
Adjustments	5	18	-202	-10	-792	-336	168	-516	-438	123
Profit After Adjustments	950	1055	1152	1298	2118	2805	1896	2284	1743	1427
Adjusted Earnings Per Share	8.8	9.7	10.6	12	19.5	25.9	17.5	21.1	16.1	13.2

Oil India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	9968	9690	9978	9821	9566	10698	13780	18612	17616	25906	36097	35882
Other Income	1530	1593	1287	1256	1421	1010	1127	1323	1195	1192	746	810
Total Income	11498	11283	11266	11077	10987	11708	14907	19935	18811	27098	36843	36691
Total Expenditure	5630	6048	6375	6235	6447	6770	8190	13300	12017	15455	20856	23213
Operating Profit	5869	5235	4891	4841	4540	4938	6717	6635	6794	11643	15987	13477
Interest	3	71	349	389	441	554	624	647	660	940	901	871
Depreciation	578	822	865	1070	1180	1327	1541	1786	1844	1824	1947	1957
Exceptional Income / Expenses	0	0	0	-215	-1152	0	-1027	-230	-449	0	0	-7
Profit Before Tax	5288	4342	3677	3324	2292	3859	4677	5030	4369	8990	13144	10643
Provision for Tax	1696	1420	1192	1244	696	1124	1439	25	223	2271	3289	2630
Profit After Tax	3592	2922	2485	2080	1597	2735	3238	5005	4146	6719	9854	8014
Adjustments	0	68	124	0	0	0	0	-304	-618	-1098	-1126	-663
Profit After Adjustments	3592	2990	2608	2080	1597	2735	3238	4701	3528	5622	8729	7350
Adjusted Earnings Per Share	29.9	24.9	21.7	17.3	13.3	36.1	29.9	43.4	32.5	51.8	80.5	67.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	39%	25%	28%	14%
Operating Profit CAGR	37%	34%	26%	11%
PAT CAGR	47%	25%	29%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	73%	49%	6%	3%
ROE Average	29%	24%	20%	16%
ROCE Average	27%	21%	18%	16%

Oil India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	19249	20681	21501	25178	29519	29030	28974	23211	23666	30562	38481
Minority's Interest	0	0	0	0	0	0	0	1070	1143	2614	3371
Borrowings	0	1515	8399	9133	8948	10690	10755	12670	15105	16388	18246
Other Non-Current Liabilities	1670	2065	2450	3028	4227	4538	4528	4425	4795	5562	7097
Total Current Liabilities	4970	11940	5574	3657	9509	6026	10929	17991	13968	10207	12153
Total Liabilities	25889	36202	37925	40996	52204	50285	55186	59366	58679	65334	79348
Fixed Assets	5130	11201	12676	7576	9019	10620	10420	13930	14552	15745	16986
Other Non-Current Assets	4407	8693	9699	18217	30322	29506	30158	29987	30410	36080	44513
Total Current Assets	16351	16308	15550	15202	12862	10159	14609	15450	13717	13509	17849
Total Assets	25889	36202	37925	40996	52204	50285	55186	59366	58679	65334	79348

Oil India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	10936	12137	11660	137	185	192	204	3705	659	1079	582
Cash Flow from Operating Activities	1436	2616	1754	3597	3114	3933	5023	6493	5235	9310	11410
Cash Flow from Investing Activities	435	-9837	-1928	-2677	-6139	1458	-584	-2213	-8513	-4193	-9131
Cash Flow from Financing Activities	-687	6972	-2603	-871	2758	-5698	-940	-7331	3702	-5615	-2521
Net Cash Inflow / Outflow	1184	-249	-2778	49	-267	-307	3498	-3052	425	-499	-242
Closing Cash & Cash Equivalent	12137	11660	8819	185	192	204	3709	659	1079	582	341

Oil India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	29.88	24.87	21.7	17.3	13.28	36.14	29.86	43.35	32.53	51.84	80.49
CEPS(Rs)	34.68	31.14	27.86	26.2	23.1	53.68	44.07	62.62	55.24	78.79	108.83
DPS(Rs)	30	21.5	20	16	14.25	15	10.25	10.6	5	14.25	20
Book NAV/Share(Rs)	160.1	172.02	178.84	209.42	245.53	383.69	267.19	214.04	218.24	281.83	354.86
Core EBITDA Margin(%)	43.52	37.59	36.11	36.51	32.61	36.71	40.57	25.74	24.9	34.82	37.14
EBIT Margin(%)	53.08	45.55	40.35	37.8	28.57	41.25	38.47	27.5	22.37	33.09	34.22
Pre Tax Margin(%)	53.05	44.81	36.85	33.84	23.96	36.07	33.94	24.37	19.43	29.96	32.03
PAT Margin (%)	36.04	30.16	24.9	21.17	16.69	25.56	23.5	24.25	18.44	22.39	24.01
Cash Profit Margin (%)	41.83	38.64	33.57	32.07	29.03	37.96	34.68	32.9	26.64	28.47	28.76
ROA(%)	14.66	9.41	6.7	5.27	3.43	5.34	6.14	8.74	7.02	10.84	13.62
ROE(%)	19.42	14.64	11.78	8.91	5.84	9.34	11.16	19.18	17.69	24.78	28.55
ROCE(%)	27.65	17.19	13.11	11.34	6.95	10.38	12.41	14.18	12.73	22.05	27
Receivable days	35.89	26.17	52.4	68.98	44.63	41.37	36.17	24.93	27.25	21.93	18.46
Inventory Days	21.56	30.68	37.24	38.15	40.03	37.1	30.44	37.87	51.02	43.38	40.14
Payable days	-3823.77	0	0	8203.03	-4178.1	4279.49	1204.35	85.52	122.14	104.15	79.52
PER(x)	8.56	9.69	10.45	9.06	16.74	5.96	6.21	1.91	3.77	4.6	3.13
Price/Book(x)	1.6	1.4	1.27	0.75	0.91	0.56	0.69	0.39	0.56	0.85	0.71
Dividend Yield(%)	5.87	4.46	4.41	5.1	4.27	6.97	5.53	12.82	4.08	5.98	7.95
EV/Net Sales(x)	1.99	2.83	2.76	1.89	3.58	2.36	2.09	0.94	1.77	1.57	1.17
EV/Core EBITDA(x)	3.38	5.25	5.63	3.83	7.54	5.12	4.29	2.63	4.58	3.5	2.65
Net Sales Growth(%)	1.06	-2.79	2.98	-1.58	-2.59	11.83	28.82	35.06	-5.35	47.06	39.34
EBIT Growth(%)	3.53	-16.59	-8.77	-7.79	-26.4	61.48	20.12	7.09	-11.41	97.46	41.43
PAT Growth(%)	4.22	-18.64	-14.97	-16.31	-23.23	71.28	18.4	54.59	-17.17	62.07	46.66
EPS Growth(%)	-48.23	-16.75	-12.77	-20.27	-23.23	172.17	-17.39	45.19	-24.96	59.35	55.27
Debt/Equity(x)	0.07	0.49	0.42	0.39	0.48	0.42	0.52	0.55	0.82	0.54	0.48
Current Ratio(x)	3.29	1.37	2.79	4.16	1.35	1.69	1.34	0.86	0.98	1.32	1.47
Quick Ratio(x)	3.16	1.28	2.6	3.88	1.24	1.51	1.23	0.69	0.75	0.94	1.05
Interest Cover(x)	1740.48	62.35	11.53	9.55	6.2	7.97	8.5	8.78	7.61	10.56	15.59
Total Debt/Mcap(x)	0.04	0.35	0.33	0.52	0.53	0.5	0.75	1.42	1.46	0.64	0.68

Oil India Shareholding Pattern

#	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Promoter	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66
FII	7.62	8.53	9.96	10.11	11.23	12.42	11.78	11.52	11.4	11.02
DII	18.99	18.5	18.11	17.91	16.84	15.53	25.24	25.91	26.13	26.22
Public	16.73	16.31	15.27	15.33	15.27	15.39	6.33	5.91	5.81	6.1
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Promoter	61.44	61.44	61.44	61.44	61.44	61.44	61.44	61.44	61.44	61.44
FII	8.26	9.25	10.8	10.96	12.18	13.47	12.78	12.49	12.37	11.95
DII	20.6	20.06	19.64	19.42	18.26	16.84	27.37	28.1	28.33	28.43
Public	18.14	17.69	16.56	16.62	16.56	16.69	6.86	6.41	6.3	6.62
Others	0	0	0	0	0	0	0	0	0	0
Total	108.44	108.44	108.44	108.44	108.44	108.44	108.44	108.44	108.44	108.44

Pros

Stock is trading at 0.8 times its book value
Company has delivered good profit growth of 29% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Debtor days have improved from 104.15 to 79.52days.
Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.