Oil Country Tubular Ltd Stock Analysis

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

BSE Share Price 30-Jan-2023 18:01
15.90 -0.55 (-3.34%)

DeciZen - Make an Informed Decision on Oil Country Tubular

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Oil Country Tubular Price Chart

P/E Ratio ( SA) :
0.67
Market Cap :
70.4 Cr.
52-wk low :
7.1
52-wk high :
25.7
Bole Toh?

1. Is Oil Country Tubular Ltd a good quality company?

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

2. Is Oil Country Tubular Ltd undervalued or overvalued?

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

3. Is Oil Country Tubular Ltd a good buy now?

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

10 Year X-Ray of Oil Country Tubular:

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.2%7.1%2.9%2%-11.9%-8.4%-35%-35.4%-38.2%-33.2%-
Value Creation Index -0.2-0.5-0.8-0.9-1.9-1.6-3.5NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5033592601527.410.625.411.12.200
YoY Gr. Rt. %--28.7%-27.5%-41.5%-95.2%43.1%140.4%-56.5%-79.8%-100%-
Adj EPS 9.34.90.3-1-11.9-8.2-18.2-13.2-11.9-11.123.7
YoY Gr. Rt. %--46.8%-94.1%-431%NANANANANANA-
BVPS (₹) 56.656.655.854.335.3278.3-5.7-17.1-28.7-2
Adj Net Profit 41.121.81.3-4.3-52.8-36.3-80.8-58.6-52.6-49.4105
Cash Flow from Ops. 96.96251.51.47.538.419.712.1-26.3-26.7-
Debt/CF from Ops. 2.33.42.990.618.83.26.110.3-6.5-8.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%-100%
Adj EPS -202.1%NANANA
BVPS -192.7-195.9-251.20
Share Price -10.6% -20.7% 46.9% 75.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 17.28.70.5-1.7-26.5-26.2-102.4-884.4106.249.1-154.3
Op. Profit Mgn % 20.319.613.812.7-236.3-129.1-187.4-174.7-518.30-3833.6
Net Profit Mgn % 8.26.10.5-2.8-715.5-343.8-318.2-530.3-2364087325.1
Debt to Equity 0.90.90.60.50.913.3-4.9-2.3-1.8-
Working Cap Days 1762142513165,7363,9081,2851,7829,75500
Cash Conv. Cycle 1151451592084,8443,1951,0121,4045,70600

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Oil Country Tubular Ltd.

Standalone Consolidated
TTM EPS (₹) 23.7 -
TTM Sales (₹ Cr.) 0.1 -
BVPS (₹.) -2 -
Reserves (₹ Cr.) -53 -
P/BV -8.17 -
PE 0.67 -
From the Market
52 Week Low / High (₹) 7.14 / 25.70
All Time Low / High (₹) 2.87 / 144.60
Market Cap (₹ Cr.) 70.4
Equity (₹ Cr.) 44.3
Face Value (₹) 10
Industry PE 10.5

Management X-Ray of Oil Country Tubular :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *66.4766.4766.4766.4766.4766.4766.4766.470.0066.47
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Oil Country Tubular

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Oil Country Tubular Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Oil Country Tubular on 30-Jan-2023 18:01 is : 15.90.
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 30-Jan-2023 18:01 the market cap of Oil Country Tubular stood at ₹ 70.42.
The latest PE ratio of Oil Country Tubular as of 30-Jan-2023 18:01 is 0.67.
The latest PB ratio of Oil Country Tubular as of 30-Jan-2023 18:01 is -8.17
The 52-week high of Oil Country Tubular is ₹ 25.70 and the 52-week low is ₹ 7.14.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Oil Country Tubular is ₹ 0.12 ( 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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