Oil Country Tubular Ltd (OILCOUNTUB) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500313 | NSE: OILCOUNTUB | Steel & Iron Products | Small Cap

Oil Country Tubular Share Price

65.91 0.72 1.10%
as on 05-Dec'25 15:40

Oil Country Tubular Ltd (OILCOUNTUB) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500313 | NSE: OILCOUNTUB | Steel & Iron Products | Small Cap

DeciZen - make an informed investing decision on Oil Country Tubular

Based on:

Overall Rating
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality


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2. Valuation


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3. Price Trend


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Oil Country Tubular stock performance -

Key Ratios
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P/E Ratio (SA):
0.00
Market Cap:
338.9 Cr.
52-wk low:
60.8
52-wk high:
101

Is Oil Country Tubular Ltd an attractive stock to invest in?


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10 Year X-Ray of Oil Country Tubular: Login to view analysis.

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

Value Creation Index Colour Code Guide

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

Growth Parameters Colour Code Guide

Sales 1527.410.625.411.12.200.318.2123110
Sales YoY Gr.--95.2%43.1%140.4%-56.5%-79.8%-100%NA6,655.6%573.8%-
Adj EPS -1-11.9-8.2-18.2-13.2-11.9-11.124.5-15.7-6.4-7.6
YoY Gr.-NANANANANANANA-164.1%NA-
BVPS (₹) 54.335.3278.3-5.7-17.1-28.7-2.5-6.210.27
Adj Net
Profit
-4.3-52.8-36.3-80.8-58.6-52.6-49.4108-69.4-30.4-39
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

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.3%61.9%NA573.8%
Adj EPS NANANANA
BVPS-17%NANANA
Share Price 7.7% 65.9% 51% 3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-1.7-26.5-26.2-102.4-884.4106.249.1175.5-31.2-14.3-88.3
Op. Profit
Mgn %
12.7-236.3-129.1-187.4-174.7-518.30-3190.76.136.832.3
Net Profit
Mgn %
-2.8-715.5-343.8-318.2-530.3-2364039403.4-380.6-24.8-35.6
Debt to
Equity
0.50.913.3-4.9-2.3-1.8-6-3.30.90
Working Cap
Days
3165,7363,9081,2851,7829,75501,02,173920155201
Cash Conv.
Cycle
2084,8443,1951,0121,4045,706045,473786129136

Recent Performance Summary

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Latest Financials - Oil Country Tubular Ltd.

Standalone Consolidated
TTM EPS (₹) -7.6 -
TTM Sales (₹ Cr.) 110 -
BVPS (₹.) 7 -
Reserves (₹ Cr.) -16 -
P/BV 9.38 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 60.76 / 101.00
All Time Low / High (₹) 2.87 / 144.60
Market Cap (₹ Cr.) 339
Equity (₹ Cr.) 52
Face Value (₹) 10
Industry PE 22.7

Management X-Ray of Oil Country Tubular:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *66.4766.4766.4766.4766.4766.4766.4766.4761.1549.12
* Pledged shares as % of Promoter's holding (%)

Valuation of Oil Country Tubular - Standalone Basis

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

Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Oil Country Tubular

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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
Interest 171820151922251266
Depreciation 23222221212019307270
Exceptional Items 0-52000000-00
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%

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
Minority Interest0000000000
Debt131141122121124171223669045
Long Term Debt000333881669018
Short Term Debt1311411221171211341420027
Trade Payables2329207333431
Others Liabilities 42297497120127145177139105
Total Liabilities 437356337262222227245497427382

Fixed Assets

Gross Block614614614615615615615961950950
Accumulated Depreciation355377398419440461480509574644
Net Fixed Assets 259237216195174154134452376307
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

Finance 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 Days236840141717700029
Inventory Days2534,9893,3611,0561,4305,57600801107
Payable Days1331,8111,1909220068607,413-60644

Oil Country Tubular Ltd Stock News

Oil Country Tubular Ltd FAQs

The current trading price of Oil Country Tubular on 05-Dec-2025 15:40 is ₹65.91.
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 04-Dec-2025 the market cap of Oil Country Tubular stood at ₹338.9.
The latest P/E ratio of Oil Country Tubular as of 04-Dec-2025 is 0.00.
The latest P/B ratio of Oil Country Tubular as of 04-Dec-2025 is 9.38.
The 52-week high of Oil Country Tubular is ₹101.0 and the 52-week low is ₹60.76.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Oil Country Tubular is ₹110.2 ( Cr.) .

About Oil Country Tubular Ltd

Oil Country Tubular Limited (OCTL), incorporated in the year 1985, is one of the leading companies in the world processing a range of oil country tubular goods required for the oil drilling and exploration industry.

OCTL is located near Hyderabad city and has an unique facility in the world. OCTL 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 unique integrated plant located at Narketpally and with corporate headquarters at Hyderabad. The facilities include Upsetting, Heat Treatment, Non-Destructive Testing, Metallurgical Laboratory, Gaging and Calibration Laboratory, Tool Joint and Coupling Threading, Casing and Tubing Threading, Friction Welding of Drill Pipe, Hydrostatic Testing and Internal Plastic Coating of Tubulars.

OCTL's wide product range covers Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Production Tubing, Casing, Tool Joints, Couplings, Pup Joints, Nipples, Subs, and Cross Overs.

OCTL's oil field accessories include Rotary Subs, Lift Plugs and Lift Subs, Cross Overs (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 can also manufacture and supply in large numbers finished Tool Joints and API Couplings for Tubing and Casing of all grades.

OCTL believes in the principles of continuous improvement which are put into practice at every level in the organization. It is OCTL's continuous endeavor to improve the quality of its products and services to the satisfaction of its customers, by adopting the latest manufacturing practices and technical improvements.

Its integrated facility gives it the 'competitive edge', supported by its personnel who are highly motivated, dedicated and committed to produce quality products consistently.

Product range of the company includes:

OCTL’s wide product range covers Drill Pipe, Heavy Weight Drill Pipe, Drill Collars,Production Tubing, Casing, Tool Joints, Couplings, Pup Joints, Subs, and Cross Overs.

  • Drill Pipe- OCTL offers a complete range of drill pipe with tool joints attached from 2 3/8' OD to 5 1/2' OD according to API Specification 7 and guidelines presented in API RP7G and Premium Specifications. Drill Pipes with 95% Remaining Body Wall and Extra Long Tool Joints and Special Grades are also offered upon Customer's request. Plain End Pipes and Tool Joint Forgings are ordered to specific metallurgical chemistries and are matched for physical properties, welding compatibility, weld strength and product integrity.
  • OCTL DS Connection- OCTL DS (Double Shoulder) High Torque Connection substantially increases drilling safety and performance by providing higher torque capacity than standard API connections. The superior torsional strength makes OCTL DS connection ideal for use in aggressive drilling programs.
  • Heavy Weight Drill Pipe- OCTL Heavy Weight Drill Pipe consists of two extra long tool joints and one central heavy wall tube. The tool joints are friction welded to the central heavy wall tube. The tool joints are manufactured from AISI 4145 H modified material, fully heat treated to 285 _ 341 Brinell hardness and 40 ft-lbs. minimum Charpy V-notch Impact strength. All other physical properties conform to API Specification 7. The central heavy wall tube is manufactured from AISI 1340 steel or equivalent.
  • Drill Collars- OCTL Drill Collars (Slick and Spiral) are manufactured from AISI 4145 H Chromium Molybdenum Alloy Steel and are fully heat treated to a Brinell Hardness range of 285-341 BHN and have a minimum Charpy V-notch Impact strength of 40 ft-lbs. at 70° F and a minimum elongation of 13%. The mechanical properties meet or exceed API Specification 7 requirements. The physical properties are guaranteed one inch below the surface at ambient room temperature.
  • Tubing- OCTL offers the complete range of API Tubing including Integral and Threaded and Coupled, from 2 3/8' OD to 4 ½' OD according to API Specification 5CT and also Premium Connections.
  • Casing- OCTL offers the complete range of API Casing including Extreme Line and Threaded and Coupled, from 4 ½' OD to 13 3/8' OD according to API Specification 5CT and also Premium Connections.
  • Accessories- Lift Plugs, Lift Subs, Lifting Bails, Pup Joints, Rotary Subs, Sleeve Stabilizers, Tool Joints, Welded Blade Stabilizers, Couplings.
  • Services include Tool Joint Hardfacing (SmoothX®/ Super SmoothX®/ CASING PLUS®/ ARMACOR MTM/ or ARNCO 200XTTM), 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.
  • Reconditioning of Drill Pipe- it involves full pipe body inspection as per the guidelines of API RP7G, inspection of Tool Joints and inspection of the critical area covering the weld zone and the internal fade out area from the Upset to the pipe body.
  • Rethreading of Drill Pipe involves machining of new connection on the damaged tool joint pin and box. Rethreading of Casing and Tubing involves inspection of the pin threads and the couplings for thread damages. The defective pins are cut off and new pin connections are machined and the damaged couplings are replaced with new couplings. The pipe is hydrostatically tested as per the API Specifications.
  • Field Inspection of Oil Country Tubular Goods as per the API Specifications and Customer requirements is part of OCTL activities.
  • Make and Break of Tool Joints- Break the joints in by making up three times to their recommended make-up torque. This option ensures proper initial make-up of tool joints which affects the life of the tool joint connections. Saves rig time.
  • Internal Plastic Coating of Drill Pipe improves the performance and life of the drill pipe.
  • Tool Joint Hardfacing- SmoothX/Super SmoothX/CASING PLUS/ARMACOR MTM/ or ARNCO 200XTTM/ TCS 8000â„¢/ TCS Titaniumâ„¢

Achievements/ Recognition

  • Oil Country Tubular Limited has been assessed and certified by the American Petroleum Institute Quality Registrar (APIQR) as being in compliance witt ISO/TS 29001 Quality System.
  • OCTL is licensed by American Petroleum Institute (API) as-Processor of Casing and Tubing: plain end, threaded and coupled, and threader as per API Specification 5CT -Processor of Drill Pipe as per API Specification 5D -Manufacturer of Rotary Drill Stem Elements as per API Specification 7

The products are manufactured to the relevant American Petroleum Institute (API) Specifications and carry API monogram:

  • API Specification 5D, certificate number 5D-0035
  • API Specification 5CT, certificate number 5CT-0243
  • API Specification 7, certificate number 7-0082
  • API Specification 7-1, certificate number 7-1-0082
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