Oil India Ltd

₹ 216 -4.02%
03 Feb - close price
About

Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.[1]

Key Points

Revenue Breakup
Presently, sale of crude oil accounts for ~76% of revenues, followed by Natural Gas (18%), transportation (pipeline) (~3%) and others (3%).

  • Market Cap 23,456 Cr.
  • Current Price 216
  • High / Low 306 / 168
  • Stock P/E 2.89
  • Book Value 343
  • Dividend Yield 6.59 %
  • ROCE 21.6 %
  • ROE 20.4 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.63 times its book value
  • Stock is providing a good dividend yield of 6.59%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 22.4%
  • Debtor days have improved from 30.9 to 24.7 days.

Cons

  • Contingent liabilities of Rs.8,842 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
3,221 2,957 4,540 4,195 5,465 6,326 6,502 6,202 7,254 7,685 8,870 11,567 10,124
1,977 1,863 4,553 3,416 3,592 5,188 4,618 4,044 4,940 5,488 5,422 6,689 7,420
Operating Profit 1,244 1,094 -13 778 1,873 1,138 1,884 2,158 2,314 2,198 3,448 4,878 2,703
OPM % 39% 37% -0% 19% 34% 18% 29% 35% 32% 29% 39% 42% 27%
364 509 1,029 342 54 -15 818 253 267 692 425 168 727
Interest 157 159 170 168 162 162 169 260 226 213 241 244 258
Depreciation 426 432 358 427 441 459 518 472 499 543 310 468 511
Profit before tax 1,024 1,013 488 526 1,325 504 2,014 1,678 1,857 2,134 3,321 4,333 2,662
Tax % 35% 30% -254% 28% 20% -211% 43% 28% 22% 29% 24% 25% 21%
Net Profit 662 709 1,729 378 1,058 1,568 1,142 1,215 1,454 1,523 2,527 3,230 2,116
EPS in Rs 6.10 6.54 15.78 2.64 8.22 12.91 8.76 9.72 10.62 11.97 19.53 25.87 17.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
7,380 9,863 9,968 9,690 9,978 9,821 9,566 10,698 13,780 18,612 17,616 25,906 38,246
3,112 5,284 5,359 6,044 6,346 6,235 6,446 6,770 8,190 13,297 11,928 15,405 25,019
Operating Profit 4,268 4,579 4,609 3,646 3,633 3,586 3,120 3,928 5,591 5,315 5,689 10,500 13,227
OPM % 58% 46% 46% 38% 36% 37% 33% 37% 41% 29% 32% 41% 35%
874 1,417 1,530 1,589 1,258 1,198 793 1,812 1,251 2,147 1,185 1,254 2,013
Interest 13 9 3 71 349 389 441 554 624 647 660 940 956
Depreciation 820 885 848 822 865 1,070 1,180 1,327 1,541 1,786 1,844 1,824 1,832
Profit before tax 4,309 5,101 5,288 4,342 3,677 3,324 2,292 3,859 4,677 5,030 4,369 8,990 12,450
Tax % 33% 32% 32% 33% 32% 37% 30% 29% 31% 0% 5% 25%
Net Profit 2,884 3,446 3,592 2,990 2,608 2,080 1,597 2,735 3,238 5,005 4,146 6,719 9,396
EPS in Rs 23.99 28.67 29.88 24.87 21.70 17.30 13.28 24.10 29.86 43.35 32.53 51.84 74.86
Dividend Payout % 31% 28% 50% 43% 46% 46% 72% 42% 34% 24% 15% 27%
Compounded Sales Growth
10 Years: 10%
5 Years: 22%
3 Years: 23%
TTM: 46%
Compounded Profit Growth
10 Years: 5%
5 Years: 18%
3 Years: 12%
TTM: 72%
Stock Price CAGR
10 Years: -2%
5 Years: -1%
3 Years: 17%
1 Year: -4%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 18%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
240 240 601 601 601 601 802 757 1,084 1,084 1,084 1,084 1,084
Reserves 15,357 17,499 18,648 20,080 20,900 24,577 28,718 28,273 27,890 22,126 22,582 29,478 36,090
1,027 19 1,261 10,146 9,070 9,722 14,184 12,329 15,114 12,743 19,718 16,721 17,694
4,658 5,407 4,567 4,571 6,549 5,344 7,600 7,353 8,430 20,981 12,151 13,846 15,836
Total Liabilities 21,283 23,166 25,077 35,398 37,120 40,244 51,303 48,712 52,518 56,936 55,535 61,129 70,704
990 1,058 1,202 6,475 7,251 2,813 3,827 5,121 5,236 8,294 6,097 6,185 15,956
CWIP 1,218 1,132 1,889 2,816 3,755 1,812 1,894 988 1,267 2,368 3,171 5,900 8,243
Investments 885 2,632 1,888 5,223 5,573 15,052 27,461 26,657 26,451 25,718 24,010 27,274 29,728
18,190 18,344 20,098 20,884 20,541 20,566 18,121 15,946 19,563 20,555 22,258 21,769 16,777
Total Assets 21,283 23,166 25,077 35,398 37,120 40,244 51,303 48,712 52,518 56,936 55,535 61,129 70,704

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3,052 3,163 1,436 2,616 1,754 3,597 3,114 3,933 5,023 6,493 5,235 9,310
152 -1,462 451 -10,064 -1,992 -2,677 -5,865 1,778 -578 -2,207 -8,517 -4,192
21 -2,534 -687 6,972 -2,603 -871 2,758 -5,698 -940 -7,331 3,702 -5,615
Net Cash Flow 3,225 -834 1,201 -477 -2,841 49 7 12 3,504 -3,045 420 -498

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 46 39 33 18 87 49 39 48 35 29 38 25
Inventory Days 350 286
Days Payable 140 115
Cash Conversion Cycle 46 39 33 18 87 49 39 48 35 29 249 196
Working Capital Days -18 -9 20 45 55 67 32 10 -77 -139 47 24
ROCE % 28% 30% 28% 17% 13% 12% 10% 10% 15% 15% 14% 22%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66
6.58 7.21 7.06 6.75 7.62 8.53 9.96 10.11 11.23 12.42 11.78 11.52
19.24 18.75 6.17 19.59 18.99 18.50 18.11 17.91 16.84 15.53 15.37 16.04
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.87 9.87
17.53 17.39 30.11 17.00 16.73 16.31 15.27 15.33 15.27 15.39 6.32 5.91

* 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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