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94% Buy

Oil India Share Price

OIL

₹646.50+₹7.15 (1.12%) TodayLast updated on 18 May, 2024 | 12:49 PM IST
₹639.50₹655.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹69,331 Cr

Open

₹640.00

Close

₹639.35

Circuit range

₹671.30 - ₹607.40

Day range

₹639.50 - ₹655.00

Year range

₹240.80 - ₹669.50

Volume

3,99,828

Avg. traded

₹647.37

Revenue (12m)

₹34,906 Cr

Oil India

A Maharatna company of the Government of India, Oil India Limited (OIL) is engaged in the exploration, production and transportation of crude oil and natural gas. Oil India Limited is India's second-largest national oil and gas company. The firm's history can be tracked to 1889 from the time of the discovery of crude oil in Assam's Digboi. The company was expanded as a private limited firm in 1959 to focus on the newly discovered fields of Moran and Naharkatiya in the northeastern part of India.

Business operations

Oil India became a joint venture of the Government of India and the UK's Burmah Oil Company in 1961. The company became a public entity in 1961 and the word private was dropped from its name. It commissioned a gas power plant in Assam's Duliajan.

According to the agreement between the parties, shares of Burmah Oil Company were transferred to the President of India, making Oil India Limited a wholly owned subsidiary of the Government of India in 1981. As of March 31, 2023, the Government of India holds close to 57% of shares of the company directly and 10% of shares Indirectly through its various PSUs, whereas the FIIs, DIIs, and Public hold 11%, 16%, and 6% shares respectively.

By 1963, the firm had completed the construction of a 401 km pipeline from Duliajan to Guwahati and another 756 km pipeline from Guwahati to Bihar's Barauni. In 1972, Oil India discovered commercially producible crude oil in the Jorajan fields and Kharsang fields. A decade later, an LPG plant based on turbo expander technology was commissioned in Assam's Duliajan.

In 1988, the company discovered a commercially exploitable gas reserve in Rajasthan's Ranot. A year later another similar gas reserve was discovered in Dandewala, Rajasthan.

With a legacy of hydrocarbon exploration of over six decades, Oil India contributes nearly 9% of the country's total crude and oil gas production. The company was granted a Navratna status in 2010 which was elevated to Maharatna in 2023.

It also has a significant presence in the entire value chain in the hydrocarbon sector and is engaged in the production of LPG. The firm's in-country operations are present across Assam, Arunachal Pradesh, Mizoram, Tripura, Nagaland, Odisha, Andhra Pradesh and Rajasthan. It also has units in offshore areas – Andaman, Kerala-Konkan and KG shallow waters.

Oil India has also diversified into the renewable and alternative energy sector, installing and commissioning RE projects in the Wind and Solar domains with a total installed capacity of 188.10 MW – 174.10 MW of Wind Energy projects and 14 MW of solar energy projects.

In 2022, Oil India recorded its highest-ever quarterly profit in Q2 of FY23. The company approved an investment by its subsidiary company Numaligarh Refinery Limited for the implementation of a petrochemical project.

As of January 12, 2024. Oil India Limited's market capitalisation is valued at over ₹40,600 crores. Oil India Limited's share price has gained over 225% in the last three years.

Financial highlights

– Oil India Limited's total revenue from operations in FY23 stood at ₹41,039 crore, recording 36.75% year-on-year growth from ₹30,011 crore in FY22. – The company reported a net profit of ₹9,854.4 crore in FY23 as against ₹6719 crore in FY22. – Its earnings per share (EPS) grew to ₹ 80.49 in FY23 from ₹ 51.84 in the last financial year.

Oil India Key indicators

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52 week high

₹669.50

52 week low

₹240.80

P/E ratio

11.68

P/B ratio

1.53

ROE

21.2%

ROCE

22.01%

Dividend yield

3.31%

Debt/Equity ratio

0.32

EPS

62.8

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Investment checklist: (5/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

94%

Hold

0%

Sell

6%

This analysis is based on the reviews of 16 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

48.02%

Net profit margin

29.26%

ROE

21.2%

ROA

12.72%

ROCE

22.01%

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Oil India Shareholder returns

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1 day

+0.24%

1 week

+3.27%

1 month

+2.63%

3 months

+11.45%

1 year

+140.67%

3 years

+385.46%

5 years

+262.03%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Oil India Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (56.66%)

Mutual Funds (8.27%)

Retail and other (6.3%)

Foreign institutions-FII (9.52%)

Other domestic institutions (19.24%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹8.5/share

    Ex date 18 Mar 2024

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  • Dividend • ₹3.5/share

    Ex date 22 Nov 2023

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  • Dividend • ₹5.5/share

    Ex date 25 Aug 2023

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  • Dividend • ₹10/share

    Ex date 22 Feb 2023

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  • Dividend • ₹4.5/share

    Ex date 21 Nov 2022

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  • Dividend • ₹5/share

    Ex date 15 Sep 2022

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  • Dividend • ₹5.75/share

    Ex date 22 Feb 2022

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  • Dividend • ₹3.5/share

    Ex date 23 Nov 2021

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Frequently asked questions