Oil Country Tubular Ltd

₹ 45.9 -1.92%

26 Apr - close price

octlindia.com BSE: 500313 NSE - BE : OILCOUNTUB

About

Incorporated in 1985, Oil Country Tubular
Ltd manufactures Casing, Tubing and Drill
Pipe^[1]

Key Points

Business Overview:^[1]^[2]
OCTL is a part of Kamineni Group. It is an ISO 9001:2015 Quality System and American Petroleum Institute (API) Specifications certified processor of Oil Country Tubular Goods and Drilling Products required for the Oil & Gas Drilling, Exploration and Production Industry

Website BSE NSE - BE

Market Cap ₹ 203 Cr.
Current Price ₹ 45.9
High / Low ₹ 59.2 / 14.1
Stock P/E
Book Value ₹ 50.1
Dividend Yield 0.00 %
ROCE 47.4 %
ROE 169 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 0.92 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -52.0% over past five years.
Promoters have pledged 66.5% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0	2	0	0	0	0	0	0	0	0	0	1	6
	1	8	2	1	1	3	3	4	5	3	3	3	4
Operating Profit	-1	-6	-2	-1	-1	-3	-3	-4	-5	-2	-2	-3	2
OPM %		-415%							-3,900%	-1,607%	-1,181%	-357%	32%
	0	1	0	0	0	0	0	139	2	1	0	0	0
Interest	6	6	6	6	6	6	6	3	0	2	1	1	2
Depreciation	5	5	5	5	5	5	5	5	5	16	18	13	23
Profit before tax	-11	-16	-13	-12	-13	-14	-14	128	-8	-20	-21	-17	-22
Tax %	0%	0%	0%	0%	0%	0%	0%	-10%	0%	29%	12%	12%	27%
	-11	-16	-13	-12	-13	-14	-14	141	-8	-14	-19	-15	-16
EPS in Rs	-2.57	-3.64	-2.97	-2.66	-2.85	-3.10	-3.24	31.78	-1.78	-3.13	-4.22	-3.35	-3.65
Raw PDF

Upcoming result date: 9 May 2024

Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	479	503	359	260	152	7	11	25	11	2	0	0	7
	402	408	305	229	136	25	25	76	35	14	7	14	13
Operating Profit	78	95	54	31	16	-18	-15	-51	-24	-12	-7	-14	-6
OPM %	16%	19%	15%	12%	11%	-241%	-138%	-200%	-221%	-517%		-5,226%	-80%
	1	2	1	3	12	-47	1	3	2	3	0	142	2
Interest	11	17	16	16	17	18	20	15	19	22	25	12	7
Depreciation	10	17	20	22	23	22	22	21	21	20	19	30	69
Profit before tax	57	62	19	-4	-12	-105	-55	-85	-62	-51	-51	86	-80
Tax %	32%	42%	44%	44%	47%	15%	33%	2%	-0%	0%	0%	-22%
	38	36	10	-2	-7	-89	-37	-83	-62	-51	-51	105	-64
EPS in Rs	8.64	8.11	2.35	-0.47	-1.49	-20.19	-8.35	-18.74	-14.03	-11.49	-11.59	23.64	-14.35
Dividend Payout %	23%	25%	85%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-53%
5 Years:	-52%
3 Years:	-71%
TTM:	5817%

Compounded Profit Growth
10 Years:	11%
5 Years:	37%
3 Years:	54%
TTM:	-161%

Stock Price CAGR
10 Years:	0%
5 Years:	27%
3 Years:	90%
1 Year:	168%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	169%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	44	44	44	44	44	44	44	44	44	44	44	44	44
Reserves	182	207	207	204	197	113	76	-7	-69	-119	-171	206	177
	248	226	212	150	131	141	122	121	124	171	223	66	68
	135	97	108	88	65	58	97	107	130	143	160	183	178
Total Liabilities	609	574	571	486	437	356	339	265	229	239	257	499	467
	160	278	283	280	259	237	216	195	174	154	134	452	421
CWIP	108	15	12	0	0	0	0	0	0	0	0	0	0
Investments	52	52	52	52	52	0	0	0	0	0	0	0	0
	288	229	224	153	126	119	123	70	55	86	122	47	46
Total Assets	609	574	571	486	437	356	339	265	229	239	257	499	467

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	151	97	62	52	1	8	38	20	12	-26	-27	169
	-167	-48	-39	-13	-7	0	-0	0	0	0	0	0
	-19	-37	-36	-39	0	-8	-38	-17	-15	26	27	-169
Net Cash Flow	-35	12	-13	-0	-6	-1	-0	3	-3	0	0	0

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	56	40	60	25	4	57	40	12	8	313		0
Inventory Days	246	182	290	361	499	6,904	4,921	338	1,879	9,271		88,824
Days Payable	72	50	89	107	112	2,023	993	47	113	757		8,159
Cash Conversion Cycle	231	171	260	279	390	4,938	3,969	303	1,774	8,826		80,665
Working Capital Days	98	80	118	91	210	3,402	1,332	424	212	4,532		8,584
ROCE %	17%	17%	7%	3%	1%	-10%	-13%	-35%	-34%	-30%	-28%	47%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.12%	0.12%	0.12%	0.12%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	50.64%	50.65%
No. of Shareholders	26,264	26,650	27,407	29,734	29,509	28,738	28,648	28,644	30,447	29,540	29,770	30,284

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.13%	0.21%	0.12%	0.12%	0.12%	0.12%	0.11%	0.11%
	50.64%	50.56%	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%
No. of Shareholders	32,195	26,328	26,847	26,947	26,563	29,734	28,644	30,284

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Oil Country Tubular Ltd

Oil Country Tubular Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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