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    Energy

  3. •

    Oil & Gas Exploration & Production
Oil India Limited

Oil India Limited

OIL.NS
Oil India LimitedIN flagNational Stock Exchange of India
424.30
INR
-1.25
- -
690.17BMarket Cap
Oil India Limited
OIL.NS
(National Stock Exchange of India)

Recent

price

424.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
46.04
52.91
53.1
51.48
52.59
51.73
52.3
60.7
79.03
124.73
137.02
157.71
221.84
199.59
199.86
- -
208.7
Revenue per Share
15.99
19.11
19.92
16.58
14.46
11.53
9.02
15.93
19.07
28.9
21.69
34.56
53.66
38.95
40.27
- -
40.7
Basic EPS, GAAP
11.65
12.77
2.2
1.56
-3.63
9.39
5.42
11.31
18.01
25.9
19.76
44.11
52.99
47.35
48.85
- -
- -
Free Cash Flow per Basic Share
4.53
7.27
9.33
10.57
3.51
7.24
8.45
9.95
7.64
18.45
15.95
8.49
15.33
12.93
12.97
- -
- -
Dividend per Share
1.33
1.33
3.33
3.33
3.33
3.33
4.53
8.4
23.52
33.97
41.8
57.06
86.19
113.17
133.5
- -
10
Book Value per Share
86.46
98.32
106.64
85.09
133.53
139.29
166.51
168.86
143.99
148.89
151.6
202.67
255.87
320.19
330.57
- -
386.02
Tangible Book Value per Share
1,803
1,803
1,803
1,803
1,803
1,803
1,770
1,716
1,698
1,627
1,627
1,627
1,627
1,627
1,627
- -
1,627
Basic Weighted Avg Shares
83,034
95,421
95,766
92,832
94,839
93,299
92,563
104,182
134,202
202,880
222,879
256,526
360,839
324,658
325,125
339,461
339,461
Sales/Revenue/Turnover
-58.45
46.27
41.13
37.92
37.14
36.02
31.97
32.15
37.53
27.75
21.76
37.96
40.98
36.96
27.37
22.78
22.78
Operating Margin (%)
4,790
5,142
5,777
8,216
8,648
10,705
11,804
13,266
15,407
17,857
18,441
18,245
19,469
21,290
23,182
27,120
- -
Depreciation Expense
28,838
34,465
35,920
29,903
26,084
20,796
15,966
27,346
32,378
47,011
35,278
56,216
87,286
63,351
65,509
66,199
66,199
Net Income, GAAP
33.08
32.44
32.07
32.7
32.42
37.44
30.34
29.14
30.77
0.49
5.1
25.26
25.03
21.09
25.4
21.2
21.2
Effective Tax Rate (%)
34.73
36.12
37.51
32.21
27.5
22.29
17.25
26.25
24.13
23.17
15.83
21.91
24.19
19.51
20.15
19.5
19.5
Profit Margin (%)
106,107
124,693
113,810
43,678
108,564
115,451
33,529
41,322
56,655
-25,416
-2,512
33,024
59,485
23,821
34,911
15,521
15,521
Working Capital
88
- -
- -
15,152
83,161
91,364
89,475
106,898
107,553
128,128
152,401
165,013
183,894
194,949
280,327
359,515
359,515
LT Debt
155,978
177,396
192,488
206,812
241,070
251,778
295,194
290,300
244,918
242,804
248,097
331,762
418,526
526,257
547,058
638,022
638,022
Total Equity
-21.19
17.33
13.87
9.14
7.37
6.11
5.18
5.53
8.6
14.57
11.24
15.3
19.78
13.62
8.12
6.48
6.48
Return on Invested Capital (%)
325.26
456.09
338.84
47.72
28.01
23.4
14.9
21.57
21.58
25.26
14.94
18.16
25.33
15.46
13.19
12.99
12.99
Return on Capital (%)
1,199.32
1,433.34
853.63
497.44
433.91
345.94
227.65
243.89
119.15
98.77
57.24
69.92
74.92
39.07
32.65
56.72
56.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
9,040
- -
15,265
LT Borrowings
343,221
- -
350,667
LT Finance Leases
6,280
- -
8,848
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,627
- -
1,627
Market Capitalization
673,257
690,334
773,332

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
214,518
- -
189,034
Cash, Cash Equivalents & STI
111,613
- -
68,374
Accounts Receivable, Net
36,108
- -
45,230
Inventories
47,229
- -
54,759
Total Current Liabilities
137,818
- -
173,512
Payables & Accruals
- -
- -
- -
ST Debt
9,040
- -
15,265
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.75%
21.24%
16.63%
Free Cash Flow
24.3%
22.46%
-23.61%
Net Income, GAAP
17.83%
18.33%
1.05%
Sales/Revenue/Turnover
15.19%
10.06%
4.41%
Total Cash Common Dividend
14.78%
5.09%
6.98%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
62,082
74,965
96,143
91,468
324,658
2025
81,202
72,470
83,369
88,083
325,125
2026
79,287
83,941
83,301
92,933
339,461

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.77
2.59
14.43
- -
38.95
2025
11.59
12.4
8.23
8.05
40.27
2026
11.66
8.78
7.35
12.91
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12.93
2025
- -
- -
- -
- -
12.97
2026
- -
- -
- -
- -
- -
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Business
Oil India Limited Oil India Limited (OIL.NS) is an integrated upstream exploration and production company engaged in the discovery, development, and production of crude oil and natural gas; it also produces liquefied petroleum gas (LPG), operates extensive crude oil and product pipelines, and provides ancillary services including seismic data acquisition, drilling, reservoir management with improved and enhanced oil recovery techniques, and oilfield services. The company maintains a significant presence across the hydrocarbon value chain, with in-country operations spanning Assam, Arunachal Pradesh, Mizoram, Tripura, Nagaland, Odisha, Andhra Pradesh, Rajasthan, and offshore areas in Andaman, Kerala-Konkan, and KG shallow waters; it holds participating interests in exploration blocks in Russia, Venezuela, Mozambique, Nigeria, Gabon, Bangladesh, and Libya. Founded in 1959 and headquartered in Duliajan, Assam, Oil India Limited operates over 2,000 kilometers of trunk and feeder pipelines, including a 1,157-kilometer crude oil pipeline in Northeast India serving major refineries such as Numaligarh, Guwahati, Bongaigaon, Barauni, and Digboi, as well as a 660-kilometer product pipeline from Numaligarh Refinery to Siliguri; it has diversified into city gas distribution, renewables with 188.10 MW capacity in wind and solar projects, and holds majority stake in Numaligarh Refinery Limited (NRL), a 3 million tonnes per annum refinery in Assam, alongside interests in Brahmaputra Cracker and Polymer Limited (BCPL). Recent developments include the acquisition of majority stake in NRL in March 2021, attainment of Maharatna status in August 2023, strategic memoranda of understanding signed in 2025 with Bharat Petroleum Corporation Limited (BPCL) for a Rs 1 lakh crore greenfield refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh with 9-12 million tonnes per annum capacity and a 1.5 million tonnes per annum ethylene cracker unit targeted for FY2030 operations, and a tripartite agreement with BPCL and NRL for a Rs 3,500 crore cross-country product evacuation pipeline from Siliguri to Mughalsarai to support NRL's expansion to 9 million tonnes per annum; additionally, the company plans to drill over 70 wells in FY2026, the highest ever, deploy advanced technologies for production augmentation, and advance Numaligarh Refinery expansion to 9 million tonnes alongside a polypropylene unit, while pursuing renewable energy and compressed biogas initiatives.