Oil India

₹253 0.1 | 0%

WEBSITE BSE:533106 NSE : OIL INDIA 09 Jun, 12:35

Market Cap ₹27457 Cr.

Stock P/E 3.1

P/B 0.7

Current Price ₹253

Book Value ₹ 354.9

Face Value 10

52W High ₹306

Dividend Yield 7.9%

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

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Oil India Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	2137	6505	6205	7254	7685	8870	11567	10124	10581	8768
Other Income	109	688	71	166	477	425	79	340	132	169
Total Income	2246	7193	6277	7420	8163	9295	11645	10464	10712	8937
Total Expenditure	2143	4618	4044	4940	5488	5039	6689	7420	6401	5260
Operating Profit	103	2575	2232	2480	2675	4255	4956	3043	4311	3677
Interest	160	169	260	226	213	241	244	258	246	153
Depreciation	391	518	472	499	543	310	468	511	530	438
Exceptional Income / Expenses	-151	-70	0	0	0	0	0	0	0	0
Profit Before Tax	-599	1818	1500	1756	1919	3704	4244	2274	3535	3086
Provision for Tax	-1295	872	463	402	611	794	1103	546	735	905
Profit After Tax	696	946	1037	1353	1308	2910	3141	1729	2800	2181
Adjustments	194	5	18	-202	-10	-792	-336	168	-516	-438
Profit After Adjustments	890	950	1055	1152	1298	2118	2805	1896	2284	1743
Adjusted Earnings Per Share	8.2	8.8	9.7	10.6	12	19.5	25.9	17.5	21.1	16.1

Oil India Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	9863	9968	9690	9978	9821	9566	10698	13780	18612	17616	25906	41040
Other Income	1419	1530	1593	1287	1256	1421	1010	1127	1323	1195	1192	720
Total Income	11283	11498	11283	11266	11077	10987	11708	14907	19935	18811	27098	41758
Total Expenditure	5658	5630	6048	6375	6235	6447	6770	8190	13300	12017	15455	25770
Operating Profit	5625	5869	5235	4891	4841	4540	4938	6717	6635	6794	11643	15987
Interest	9	3	71	349	389	441	554	624	647	660	940	901
Depreciation	514	578	822	865	1070	1180	1327	1541	1786	1844	1824	1947
Exceptional Income / Expenses	0	0	0	0	-215	-1152	0	-1027	-230	-449	0	0
Profit Before Tax	5101	5288	4342	3677	3324	2292	3859	4677	5030	4369	8990	13139
Provision for Tax	1655	1696	1420	1192	1244	696	1124	1439	25	223	2271	3289
Profit After Tax	3446	3592	2922	2485	2080	1597	2735	3238	5005	4146	6719	9851
Adjustments	0	0	68	124	0	0	0	0	-304	-618	-1098	-1122
Profit After Adjustments	3446	3592	2990	2608	2080	1597	2735	3238	4701	3528	5622	8728
Adjusted Earnings Per Share	57.7	29.9	24.9	21.7	17.3	13.3	36.1	29.9	43.4	32.5	51.8	80.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	47%	23%	22%	10%
Operating Profit CAGR	71%	20%	21%	8%
PAT CAGR	62%	28%	33%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-15%	38%	3%	-1%
ROE Average	25%	21%	16%	15%
ROCE Average	22%	16%	14%	16%

Oil India Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	17740	19249	20681	21501	25178	29519	29030	28974	23211	23666	30562
Minority's Interest	0	0	0	0	0	0	0	0	1070	1143	2614
Borrowings	0	0	1515	8399	9133	8948	10690	10755	12670	15105	16388
Other Non-Current Liabilities	1480	1670	2065	2450	3028	4227	4538	4528	4425	4795	5562
Total Current Liabilities	3898	4970	11940	5574	3657	9509	6026	10929	17991	13968	10207
Total Liabilities	23118	25889	36202	37925	40996	52204	50285	55186	59366	58679	65334
Fixed Assets	4494	5130	11201	12676	7576	9019	10620	10420	13930	14552	15745
Other Non-Current Assets	2257	4407	8693	9699	18217	30322	29506	30158	29987	30410	36080
Total Current Assets	16367	16351	16308	15550	15202	12862	10159	14609	15450	13717	13509
Total Assets	23118	25889	36202	37925	40996	52204	50285	55186	59366	58679	65334

Oil India Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	11770	10936	12137	11660	137	185	192	204	3705	659	1079
Cash Flow from Operating Activities	3163	1436	2616	1754	3597	3114	3933	5023	6493	5235	9310
Cash Flow from Investing Activities	-1485	435	-9837	-1928	-2677	-6139	1458	-584	-2213	-8513	-4193
Cash Flow from Financing Activities	-2534	-687	6972	-2603	-871	2758	-5698	-940	-7331	3702	-5615
Net Cash Inflow / Outflow	-856	1184	-249	-2778	49	-267	-307	3498	-3052	425	-499
Closing Cash & Cash Equivalent	10936	12137	11660	8819	185	192	204	3709	659	1079	582

Oil India Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	57.71	29.88	24.87	21.7	17.3	13.28	36.14	29.86	43.35	32.53	51.84
CEPS(Rs)	82.36	34.68	31.14	27.86	26.2	23.1	53.68	44.07	62.62	55.24	78.79
DPS(Rs)	47.5	30	21.5	20	16	14.25	15	10.25	10.6	5	14.25
Book NAV/Share(Rs)	368.88	160.1	172.02	178.84	209.42	245.53	383.69	267.19	214.04	218.24	281.83
Core EBITDA Margin(%)	42.64	43.52	37.59	36.11	36.51	32.61	36.71	40.57	25.74	24.9	34.82
EBIT Margin(%)	51.82	53.08	45.55	40.35	37.8	28.57	41.25	38.47	27.5	22.37	33.09
Pre Tax Margin(%)	51.72	53.05	44.81	36.85	33.84	23.96	36.07	33.94	24.37	19.43	29.96
PAT Margin (%)	34.94	36.04	30.16	24.9	21.17	16.69	25.56	23.5	24.25	18.44	22.39
Cash Profit Margin (%)	40.16	41.83	38.64	33.57	32.07	29.03	37.96	34.68	32.9	26.64	28.47
ROA(%)	15.54	14.66	9.41	6.7	5.27	3.43	5.34	6.14	8.74	7.02	10.84
ROE(%)	20.68	19.42	14.64	11.78	8.91	5.84	9.34	11.16	19.18	17.69	24.78
ROCE(%)	29.73	27.65	17.19	13.11	11.34	6.95	10.38	12.41	14.18	12.73	22.05
Receivable days	36.71	35.89	26.17	52.4	68.98	44.63	41.37	36.17	24.93	27.25	21.93
Inventory Days	19.13	21.56	30.68	37.24	38.15	40.03	37.1	30.44	37.87	51.02	43.38
Payable days	0	-3823.77	0	0	8203.03	-4178.1	4279.49	1204.35	85.52	122.14	104.15
PER(x)	4.46	8.56	9.69	10.45	9.06	16.74	5.96	6.21	1.91	3.77	4.6
Price/Book(x)	0.7	1.6	1.4	1.27	0.75	0.91	0.56	0.69	0.39	0.56	0.85
Dividend Yield(%)	9.22	5.87	4.46	4.41	5.1	4.27	6.97	5.53	12.82	4.08	5.98
EV/Net Sales(x)	0.15	1.99	2.83	2.76	1.89	3.58	2.36	2.09	0.94	1.77	1.57
EV/Core EBITDA(x)	0.26	3.38	5.25	5.63	3.83	7.54	5.12	4.29	2.63	4.58	3.5
Net Sales Growth(%)	18.54	1.06	-2.79	2.98	-1.58	-2.59	11.83	28.82	35.06	-5.35	47.06
EBIT Growth(%)	18.24	3.53	-16.59	-8.77	-7.79	-26.4	61.48	20.12	7.09	-11.41	97.46
PAT Growth(%)	19.51	4.22	-18.64	-14.97	-16.31	-23.23	71.28	18.4	54.59	-17.17	62.07
EPS Growth(%)	140.59	-48.23	-16.75	-12.77	-20.27	-23.23	172.17	-17.39	45.19	-24.96	59.35
Debt/Equity(x)	0	0.07	0.49	0.42	0.39	0.48	0.42	0.52	0.55	0.82	0.54
Current Ratio(x)	4.2	3.29	1.37	2.79	4.16	1.35	1.69	1.34	0.86	0.98	1.32
Quick Ratio(x)	4.06	3.16	1.28	2.6	3.88	1.24	1.51	1.23	0.69	0.75	0.94
Interest Cover(x)	545.44	1740.48	62.35	11.53	9.55	6.2	7.97	8.5	8.78	7.61	10.56
Total Debt/Mcap(x)	0	0.04	0.35	0.33	0.52	0.53	0.5	0.75	1.42	1.46	0.64

Oil India Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66	56.66
FII	6.75	7.62	8.53	9.96	10.11	11.23	12.42	11.78	11.52	11.4
DII	19.6	18.99	18.5	18.11	17.91	16.84	15.53	25.24	25.91	26.13
Public	17	16.73	16.31	15.27	15.33	15.27	15.39	6.33	5.91	5.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	61.44	61.44	61.44	61.44	61.44	61.44	61.44	61.44	61.44	61.44
FII	7.32	8.26	9.25	10.8	10.96	12.18	13.47	12.78	12.49	12.37
DII	21.25	20.6	20.06	19.64	19.42	18.26	16.84	27.37	28.1	28.33
Public	18.43	18.14	17.69	16.56	16.62	16.56	16.69	6.86	6.41	6.3
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 0.7 times its book value
Company has delivered good profit growth of 33% CAGR over last 5 years
Stock is providing a good dividend yield of 7.9 %.
Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 122.14 to 104.15days.

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.