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Oil Country Tubular Ltd (OILCOUNTUB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500313 NSE: OILCOUNTUB Steel & Iron Products | Small Cap | Oil Country Tubular Share Price

₹57.68 -1.59 (-2.68%)

As on 02-Jul'26 16:59

Oil Country Tubular Ltd (OILCOUNTUB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500313 NSE: OILCOUNTUB Steel & Iron Products | Small Cap | Oil Country Tubular Share Price

₹57.68 -1.59 (-2.68%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹324 Cr.
Current Price
₹57.7
52-Week Low / High
₹36 / 97
TTM EPS
₹-10.9
TTM Sales
₹70.1 Cr.
Book Value per Share
₹7.5
P/E Ratio
0.00
Industry PE
24.3
Price to Book (P/B)
7.74
Higher than its 5-year historical median
Price to Sales (P/S)
4.62
Lower than its 5-year historical median
EV/EBITDA
53.02
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-301.40%
Underperforms industry median
Return on Capital Employed (ROCE)
-30.21%
Underperforms industry median
Return on Assets (ROA)
-7.88%
Operating Profit Margin
36.8%
Net Profit Margin
-25.92%
Gross Profit Margin
33%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
573.79%
Operating Profit Growth (1 Year)
-
39127.27%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
47.23%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-14 Cr.
Equity
₹56.2 Cr.
Face Value
₹10
All Time Low / High
₹2.87 / 144.60

Oil Country Tubular stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Oil Country Tubular Ltd a good quality company?
Oil Country Tubular Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Oil Country Tubular Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Oil Country Tubular Ltd vs industry peers?
Oil Country Tubular Ltd revenue CAGR is 61.90%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Oil Country Tubular Ltd?
Promoters hold 47.23% of the Oil Country Tubular Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Oil Country Tubular Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.8% based on the current price.

10 Year X-Ray :

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 Country Tubular Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.3%-25.9%-13.2%-34.8%-33.8%-30.1%-27.8%129.9%-119.8%-30.2%-
Value Creation
Index
-0.9-2.9-2.0-3.5NANANA8.3NA-3.2-

Growth Parameters

Sales 1527.410.625.411.12.200.318.212370
Sales YoY Gr.--95.2%43.1%140.4%-56.5%-79.8%-100%NA6,655.6%573.8%-
Adj EPS -1-11.9-8.2-18.2-13.2-11.9-11.124.5-15.7-6.4-10.9
YoY Gr.-NANANANANANANA-164.1%NA-
BVPS (₹) 54.335.3278.3-5.7-17.1-28.7-2.5-6.210.27.5
Adj Net
Profit
-4.3-52.8-36.3-80.8-58.6-52.6-49.4108-69.4-30.4-61
Cash Flow from Ops. 1.47.538.419.712.1-26.3-26.7169-1930.5-
Debt/CF from Ops. 90.618.83.26.110.3-6.5-8.40.4-4.81.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -2.3%61.9%NA573.8%
Adj EPS NANANANA
BVPS-17%NANANA
Share Price 6.3% 43.7% 31.9% -37.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-1.7-26.5-26.2-102.4-884.4106.249.1175.5-31.2-14.3-124.2
Op. Profit
Mgn %
12.7-236.3-129.1-187.4-174.7-518.30-3190.76.136.86.5
Net Profit
Mgn %
-2.8-715.5-343.8-318.2-530.3-2364039403.4-380.6-24.8-87.7
Debt to
Equity
0.50.913.3-4.9-2.3-1.8-6-3.30.90.1
Working Cap
Days
3165,7363,9081,2851,7829,75501,02,173920155205
Cash Conv.
Cycle
2084,8443,1951,0121,4045,706045,473786129149

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales152711251120018123
Operating Expenses + 13625257635147141880
Manufacturing Costs2644321141239
Material Costs7658549200-219
Employee Cost 1812788223511
Other Costs 15361016947311
Operating Profit 16-18-15-51-24-12-7-14043
Operating Profit Margin (%) 10.5%-237.0%-138.0%-199.0%-220.0%-518.0%--5,129.5%0.6%35.1%
Other Income + 1251323014213
Exceptional Items 0-52000000-00
Interest 171820151922251266
Depreciation 23222221212019307270
Profit Before Tax -12-105-55-85-62-51-5186-76-29
Tax -6-15-18-2000-19-63
Profit After Tax -7-89-37-83-62-51-51105-70-32
PAT Margin (%) -4.3%-1,211.7%-350.0%-327.0%-562.0%-2,286.2%-38,077.5%-386.0%-25.9%
Adjusted EPS (₹)-1.5-20.2-8.4-18.7-14.0-11.5-11.623.6-15.9-6.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Oil Country Tubular - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 24115712038-24-75-126250195231
Share Capital 44444444444444444448
Reserves 19711376-7-69-119-171206150184
Debt +131141122121124171223669045
Long Term Debt000333881669018
Short Term Debt1311411221171211341420027
Minority Interest0000000000
Trade Payables2329207333431
Others Liabilities 42297497120127145177139105
Total Liabilities 437356337262222227245497427382

Fixed Assets

Net Fixed Assets +259237216195174154134452376307
Gross Block614614614615615615615961950950
Accumulated Depreciation355377398419440461480509574644
CWIP 0000000000
Investments 52000000000
Inventories104989948392929394131
Trade Receivables21110200019
Cash Equivalents 57462100319
Others Assets 1513171374180576
Total Assets 437356337262222227245497427382

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 18382012-26-27169-1930
PBT -12-104-55-85-62-51-5186-76-29
Adjustment 44924137404244427873
Changes in Working Capital -1221536830-18-1941-20-13
Tax Paid -1-2-0-04000-0-1
Cash Flow From Investing Activity + -20-0000002-0
Capex -30-1-0-000-02-1
Net Investments 0000000000
Others 0000000001
Cash Flow From Financing Activity + 0-8-38-17-152627-16918-19
Net Proceeds from Shares 00000000059
Net Proceeds from Borrowing 0003-03540-1524-72
Interest Paid 0-18-20-15-19-22-25-12-6-6
Dividend Paid 0000000000
Others 010-19-541312-1420-0
Net Cash Flow -1-1-03-3-000112

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-2.71-45.06-26.82-106.31N/AN/AN/A00-301.4
ROCE (%)1.25-25.86-13.23-34.79N/AN/AN/A129.94-119.83-30.21
Asset Turnover Ratio0.330.020.030.080.050.01000.040.3
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A1.61N/AN/A
Working Capital Days
Receivable Days23.4068.5039.5014.2017.30177000.1028.60
Inventory Days253.504,988.803,361.201,0561,429.705,575.6000800.80106.70
Payable Days132.801,810.901,190.2092.10199.60686.1007,413.30-605.9044.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *66.4766.4766.4766.4766.4766.4761.1549.120.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Oil Country Tubular Ltd FAQs

The current trading price of Oil Country Tubular on 02-Jul-2026 16:59 is ₹57.68.

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 01-Jul-2026 the market cap of Oil Country Tubular stood at ₹324.1 Cr

The latest P/E ratio of Oil Country Tubular as of 01-Jul-2026 is 0.00.

The latest P/B ratio of Oil Country Tubular as of 01-Jul-2026 is 7.74.

The 52-week high of Oil Country Tubular is ₹96.90 and the 52-week low is ₹35.66.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Oil Country Tubular is ₹70.09 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Oil Country Tubular Ltd is a below average quality company.

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

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

About Oil Country Tubular Ltd

Oil Country Tubular (OCTL) is a processor of a wide range of oil country tubular goods and drilling products required for the oil drilling and exploration industry. OCTL is located near Hyderabad, India, and is a unique facility in the world. It has earned worldwide recognition for the quality of its products and services. Innovation and technical excellence are the driving spirit behind OCTL, and the overriding focus at OCTL is on the quality of its products and services.

At OCTL, the complete processing activity is concentrated in a single integrated plant located at Narketpally, with its corporate headquarters in Hyderabad, India. The facilities include upsetting, heat treatment, non-destructive testing, metallurgical laboratory, gauging and calibration laboratory, tool joint and coupling threading, casing and tubing threading, friction welding of drill pipe, hydrostatic testing, collapse pressure testing, and internal plastic coating of tubulars.

OCTL’s wide product range covers drill pipe, heavy weight drill pipe, drill collars, kellys, production tubing, casing, tool joints, couplings, pup joints, nipples, subs, and crossovers. Its oilfield accessories include rotary subs, lift plugs and lift subs, crossovers (drill pipe to drill collar or drill collar to drill collar), stabilizer sleeves, welded blade stabilizers, integral stabilizers, and cast steel lifting bails.

Services include tool joint hardbanding, make-and-break of tool joints, internal plastic coating of drill pipe and tubing, reconditioning of drill pipe, re-threading of drill pipe, tubing and casing, and field inspection of tubulars. OCTL also supplies, in large quantities, finished tool joints for drill pipe and API couplings for tubing and casing of all grades.

Oil Country Tubular has been assessed and certified under the ISO 9001:2015 quality management system. The equity shares of the company are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Business area of the company

The company is engaged in the business of manufacturing of Casing, Tubing and Drill Pipe which are primarily used in the Oil and Gas Sector for the drilling and exploration of Oil and Gas.

Products 

  • Drill Pipe
  • Heavy Weight Drill Pipe
  • Drill Collars
  • Tubing
  • Casing
  • High Collapse Casing
  • Accessories
  • Drill Rods

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