Oil India Ltd - Stock Valuation and Financial Performance

BSE: 533106 | NSE: OIL | Oil Exploration | Mid Cap

Oil India Share Price

610.80 -20.95 -3.32%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Oil India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Oil India stock performance -

mw4me loader
P/E Ratio (SA):
12.47
Market Cap:
66,235.5 Cr.
52-wk low:
240.7
52-wk high:
669.1

Is Oil India Ltd an attractive stock to invest in?

1. Is Oil India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Oil India Ltd is a average quality company.

2. Is Oil India Ltd undervalued or overvalued?

The key valuation ratios of Oil India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Oil India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Oil India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Oil India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Oil India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.3%9.3%8.8%7.7%8.2%10.7%10.2%6.5%11.2%17.8%-
Value Creation
Index
0-0.2-0.4-0.3-0.3-0.1-0.3-0.50.00.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9,5879,7489,7659,51010,65613,73512,1298,60514,53021,38522,023
Sales YoY Gr.-1.7%0.2%-2.6%12.1%28.9%-11.7%-29.1%68.9%47.2%-
Adj EPS 23.421.321.120.636.734.530.919.437.966.849
YoY Gr.--9.1%-1.1%-2%78%-6.2%-10.5%-37.2%95.7%76.3%-
BVPS (₹) 172.2179207.3242368.9255.9224.9241.7275.6316.9353.8
Adj Net
Profit
2,8162,5592,5302,4802,7793,7363,3462,0994,1087,2405,311
Cash Flow from Ops. 2,6581,1553,4742,5733,0955,0695,3041,7936,0057,660-
Debt/CF from Ops. 3.77.22.63.52.92.31.78.81.91.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%15%20.8%47.2%
Adj EPS 12.4%12.7%29.4%76.3%
BVPS7%-3%12.1%15%
Share Price 9.7% 28% 74.3% 134.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.112.110.99.29.813.412.88.314.722.514.6
Op. Profit
Mgn %
37.236.637.934.538.244.430.315.239.148.242.1
Net Profit
Mgn %
29.426.325.926.126.127.227.624.428.333.924.1
Debt to
Equity
0.50.40.40.30.30.40.40.60.40.3-
Working Cap
Days
19223924621921720722830518412767
Cash Conv.
Cycle
285467454234396412314

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.81%

Net Profit is growing at healthy rate in last 3 years 29.35%

Return on Equity has declined versus last 3 years average to 14.60%

Sales growth is not so good in last 4 quarters at 1.35%

Latest Financials - Oil India Ltd.

Standalone Consolidated
TTM EPS (₹) 49 54.8
TTM Sales (₹ Cr.) 22,023 34,906
BVPS (₹.) 353.8 393.7
Reserves (₹ Cr.) 37,284 41,612
P/BV 1.73 1.55
PE 12.47 11.16
From the Market
52 Week Low / High (₹) 240.65 / 669.05
All Time Low / High (₹) 66.00 / 669.05
Market Cap (₹ Cr.) 66,235
Equity (₹ Cr.) 1,084.4
Face Value (₹) 10
Industry PE 11.7

Management X-Ray of Oil India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Oil India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9,5879,7489,7659,51010,65613,73512,1298,60514,53021,385
Operating Expenses 6,0256,2476,1776,4076,7458,2519,5407,4619,16111,782
Manufacturing Costs2,1552,1572,3172,4132,6373,3102,8572,8241,6591,870
Material Costs8-1926-494918225810270249
Employee Cost 1,4731,5881,4021,6141,6931,5771,8991,9451,7001,994
Other Costs 2,3882,5212,4322,4292,3653,1834,5272,5905,7327,669
Operating Profit 3,5623,5013,5883,1043,9115,4842,5881,1445,3699,603
Operating Profit Margin (%) 37.2%35.9%36.7%32.6%36.7%39.9%21.3%13.3%37.0%44.9%
Other Income 1,6331,3011,3941,6821,4841,4351,5232,0641,8971,573
Interest 69341384397416479499499783724
Depreciation 7167339421,0911,2701,4961,4921,5381,4971,595
Exceptional Items 00-215-1,1520-1,0270-44900
Profit Before Tax 4,4103,7293,4412,1463,7103,9162,1207234,9878,857
Tax 1,4291,2191,1395981,0421,326-464-1,0191,0992,047
Profit After Tax 2,9812,5102,3021,5492,6682,5902,5841,7423,8876,810
PAT Margin (%) 31.1%25.8%23.6%16.3%25.0%18.9%21.3%20.2%26.8%31.8%
Adjusted EPS (₹)24.820.919.112.935.323.923.816.135.962.8
Dividend Payout Ratio (%)43%48%42%74%43%43%44%31%40%32%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 20,70821,51424,91929,09027,90927,74524,38726,21129,89134,365
Share Capital 6016016018027571,0841,0841,0841,0841,084
Reserves 20,10720,91324,31828,28927,15326,66123,30225,12628,80633,281
Minority Interest0000000000
Debt9,7838,3419,1338,9487,3667,2678,88515,71811,63611,161
Long Term Debt1,5158,3419,1338,9487,3667,2678,88511,41811,63611,161
Short Term Debt8,2670000004,30000
Trade Payables398501529586551639591717648757
Others Liabilities 4,8436,7295,3727,6859,85814,5699,4358,1898,8009,857
Total Liabilities 35,73237,08539,95346,30945,68450,22043,29750,83550,97556,140

Fixed Assets

Gross Block12,43414,1868,08410,74413,70215,10017,53419,86522,35825,619
Accumulated Depreciation6,9557,7569602,1063,4305,0106,7068,4919,79611,744
Net Fixed Assets5,4796,4307,1248,63810,27210,08910,82811,37412,56213,875
CWIP 2,0772,6972,8593,3862,6763,3064,0183,7713,0893,395
Investments 11,45711,67814,45321,95022,78622,00318,38925,02327,99328,321
Inventories9691,0321,0021,0961,0781,2201,2751,2581,0951,387
Trade Receivables4662,3771,3251,0061,4081,3141,0751,1741,4042,222
Cash Equivalents 11,5448,7079,9086,5423,0936,1363,5771,0676571,351
Others Assets3,7424,1633,2823,6904,3726,1524,1367,1684,1745,589
Total Assets 35,73237,08539,95346,30945,68450,22043,29750,83550,97556,140

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2,6581,1553,4742,5733,0955,0695,3041,7936,0057,660
PBT 4,4103,7293,4412,1463,7103,9162,1207234,9878,857
Adjustment -451575464499991,7263,2651,2141,8282,542
Changes in Working Capital 101-1580343580-1197389299-1037-791-1606
Tax Paid -1,808-1,151-855-602-416-963-381893-18-2,132
Cash Flow From Investing Activity -10,078-1,163-2,175-713459-745-2,904-7,224-446-3,593
Capex -1,546-1,626-1,828-2,138-1,990-1,959-2,248-2,022-2,342-2,782
Net Investments -9,600-272-1,1894961,773524-1,465-6,314-1,101-1,766
Others 1,0677358429296766908091,1122,997955
Cash Flow From Financing Activity 6,831-2,828-1,248-1,865-3,616-778-5,5545,982-6,218-4,220
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -68-207-349-375-378-392-482-430-552-655
Dividend Paid -1,905-633-1,305-1,495-1,707-1,298-1,404-552-1,167-2,114
Others 8,805-1,9884064-1,531912-3,6686,964-4,500-1,451
Net Cash Flow -589-2,83651-5-633,547-3,155551-659-152
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.9411.899.915.739.369.319.916.8813.8621.2
ROCE (%)17.6513.4911.977.0611.0111.527.213.2513.8322.01
Asset Turnover Ratio0.310.270.250.220.230.290.260.180.290.43
PAT to CFO Conversion(x)0.890.461.511.661.161.962.051.031.541.12
Working Capital Days
Receivable Days26536945413636483228
Inventory Days31373840373138543019
Payable Days0-8,5857,274-4,1364,2391,1938712,3493,5531,031

Oil India Ltd Stock News

Oil India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Oil India on 12-Apr-2024 16:59 is ₹610.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Oil India stood at ₹66,235.5.
The latest P/E ratio of Oil India as of 12-Apr-2024 16:59 is 12.47.
The latest P/B ratio of Oil India as of 12-Apr-2024 16:59 is 1.73.
The 52-week high of Oil India is ₹669.0 and the 52-week low is ₹240.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Oil India is ₹22,023 ( Cr.) .

About Oil India Ltd

The story of Oil India Limited (OIL) traces and symbolises the development and growth of the Indian petroleum industry. From the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated upstream petroleum company, OIL has come far, crossing many milestones.

Oil India was incorporated as a private limited company on February 18, 1959 under the name ‘Oil India Private Limited’, pursuant to a promoters’ agreement dated January 14, 1958, between the President of India, Burmah Oil Company Limited and Assam Oil Company Limited. At the time of the incorporation, Burmah Oil Company Limited and the President of India held two-thirds and one third of the Equity Share capital, respectively. The Company was incorporated with the main object of exploration and production of crude oil (including natural gas). The Company became a deemed public limited company with effect from March 28, 1961 and the word ‘private’ was deleted from the name of the Company on May 4, 1961.

In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

Business area of the company

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and production company.

Products and services offered by the company

  • Leveraging technology
  • Drilling and work over
  • Pipelines
  • Harnessing Hydrocarbons
  • Performance
  • Renewable energy
  • Research and development
  • International business
  • Business development
  • Technology Induction

Awards

Oil India has received numerous accolades and recognitions in the recent past.

  • Credit Rating Agencies, Moody’s and Fitch, reaffirmed Oil India Limited’s Credit Ratings. While Moody’s Investor Service rated Oil India Limited as Baa2 (Stable), Fitch rated the Company as BBB-(Stable).
  • Ranking of 201 in the Platts Top 250 Global Energy Company Rankings for 2016.
  • The Petrofed Exploration and Production - Company of the year Award-2015.
  • Indian Chamber of Commerce (ICC) - Public Sector Enterprise Excellence Award, 2015 on CSR & Sustainability
  • Standing Conference of Public Enterprises (SCOPE): Corporate Communications Excellence Awards-2016 in the ‘Innovative stakeholder Interface’ and the ‘Best External Communication Programme’ categories
  • 15th Annual Greentech Safety Award 2016 under Gold category in Petroleum Exploration Sector Award for the ‘Best Overall Display’ at the Petrotech-2016 Exhibition.
  • The Jury choice Award for Strategic Investment at the 4th Governance Now Public Sector Undertaking Awards-2016 Best CFO Award -2016 for OIL's Director (Finance) in Oil & Gas Sector by The Institute of Chartered Accountants of India (ICAI) Awards under various categories at the World Human Resource Development Congress in Feb, 2017
  • OIL was also ranked 20th in the listing of Best Employer Brand in India out of 470 organizations participating in the 11th Employer Branding Awards, 2017, and was also ranked 45th out of 750 participating organizations in the Dream Companies to Work for listings.

Milestones:

  • 1959- Oil India Private Limited incorporated with Burmah Oil Company Limited holding two-thirds of the Equity Share capital and the President of India holding one-third of the Equity Share capital.
  • 1961- Oil India Private Limited transformed into an equal partnership joint venture company between Burmah Oil Company Limited and the President of India.
  • 1961- Gas-based power plant commissioned at Duliajan, Assam.
  • 1962- Completed construction of a 401 km (16 inch diameter) pipeline from Duliajan to Guwahati.
  • 1963- Completed construction of a 756 km (14 inch diameter) pipeline from Guwahati to Barauni.
  • 1972- Discovery of commercially producible crude oil in Jorajan fields and Kharsang fields.
  • 1981- The Company became a wholly owned enterprise of the GoI.
  • 1982- LPG plant based on turbo expander technology commissioned at Duliajan, Assam.
  • 1988- Discovery of commercially exploitable gas reserves in Tanot, Rajasthan.
  • 1989- Discovery of commercially exploitable gas reserves in Dandewala, Rajasthan.
  • 1990- Discovery of commercially producible crude oil in ecocene formation in Dikom.
  • 1991- Dicovery of commercially producible crude oil in ecocene formation in Kathaloni.
  • 1992- Entered into an agreement with Hydrocarbon Research Incorporated, for initiating coal oil coprocessing studies.
  • 1995- Entered into PSCs with various companies, to revive the declining Kharsang producing field.
  • 2002- Entered into a consortium with OVL and IOCL to execute a service contract with the National Iranian Oil Company for the Farsi Block, Iran.
  • 2004- Upgrading of the Company to a ‘schedule A’ company.
  • 2004- Entered into a memorandum of understanding with IOCL for pursuing overseas exploration and production opportunities.
  • 2004- Acquired participating interest in a pipeline outside India by entering into an agreement with OVL for construction of a 741 km long pipeline in Sudan.
  • 2005- Entered into a memorandum of understanding with IOTL for jointly taking up pipeline and related projects in India and overseas.
  • 2005- Entered into a memorandum of understanding with ITERA Oil and Gas Company, Russia, to jointly pursue exploration and production opportunities in India and overseas, including in Libya.
  • 2005- Awarded Block 86 (Sirte basin) and Block 102/4 in Libya, along with IOCL.
  • 2006- Executed a farm in agreement with IOCL and Marvis Private Limited, Singapore acquiring a participating interest in Block Shakthi, Gabon to the Company and IOCL.
  • 2006- Awarded eight blocks in NELP-VI, out of which the Company is operator in six blocks.
  • 2006- Entered into a joint venture agreement with GAIL, NRL and the Government of Assam to establish a gas-based cracker project at Lepetkata, Assam.
  • 2007- Entered into a memorandum of understanding with British Gas for pursuing exploration and production opportunities.
  • 2007- Entered into a memorandum of understanding with HPCL, GAIL, Total France, SA, and Mittal Energy Investment Private Limited for promoting a refinery-cum petrochemical complex in Vizag.
  • 2007- Entered into a memorandum of understanding with HPCL to jointly pursue oil and gas opportunities in the downstream and upstream segment in India as well as overseas
  • 2010- OIL granted Navratna status.
  • 2010- Oil India Limited with other Indian Oil PSUs sign JV agreement for $20 billion Carabobo-1 Project in Venezuela.
  • 2011- Oil India signs biofuels R&D pact with Energy and Resources Institute-Shri. T. K. Ananth Kumar, Director (Finance), OIL honoured with ‘Best CFO under PSU Category’ by ICAI-OIL Bags the Golden Peacock Award 2010-11 for Excellence in Corporate Governance for the year 2010-11.
  • 2012- Adani group, Oil India ink agreements to bid BG group in Gujarat Gas Co Ltd (GGCL).-OIL achieves highest production oil, natural gas.
  • 2013- Oil India Ltd. (OIL) has expanded its presence in the renewable energy sector with successful commissioning of 54 MW wind turbine power plant in Rajasthan.
  • 2014- MOU between Oil India Limited (OIL) and Zarubezhneft.
  • 2015- Oil India has commissioned a 54 MW wind energy project in the states of Gujarat and Madhya Pradesh.
  • 2015- Oil India Ltd has got environment clearance for drilling 20 wells in three blocks in Jaisalmer, Rajasthan for production of 1 mmscmd gas at an estimated cost of Rs 96 crore.
  • 2015- Oil India Limited signs a Memorandum of Understanding with Rosneft for cooperation in Russia.
  • 2015- Oil India Limited signs a Memorandum of Understanding with Rosneft for cooperation in Russia.
  • 2016- Oil India signs agreement to acquire shares in Rosneft.
  • 2017- Oil India Limited signs Memorandum of Understanding with Centre for Social Responsibility & Leadership.
  • 2019- Oil India commences exploration activities in Rajasthan's Siyasar block.
  • 2019- Oil India incorporates JV Company in Assam.
  • 2019- Government of Arunachal Pradesh grants exploration licenses to Oil India.
  • 2020- Oil India starts exploring for oil and gas in Andaman Sea.
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