Oil India Ltd

Oil India Ltd

₹ 603 -3.18%
18 Apr - 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

Business Overview
The Company is engaged in the exploration, development and production of crude oil & natural gas, production of LPG, transportation of crude oil & natural gas and generation of renewable energy. It accorded "MAHARATNA" status in Aug,23. [1][2]

  • Market Cap 65,406 Cr.
  • Current Price 603
  • High / Low 670 / 241
  • Stock P/E 9.39
  • Book Value 370
  • Dividend Yield 3.32 %
  • ROCE 25.4 %
  • ROE 25.2 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.32%.
  • Company has delivered good profit growth of 26.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.6%
  • Company's working capital requirements have reduced from 32.4 days to 25.6 days

Cons

* 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

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
6,326 6,502 6,202 7,254 6,783 8,870 10,678 8,259 9,302 7,852 6,208 7,497 9,614
5,188 4,618 4,044 4,940 4,585 5,422 5,804 5,555 5,394 4,549 3,932 4,027 6,171
Operating Profit 1,138 1,884 2,158 2,314 2,198 3,448 4,874 2,703 3,908 3,303 2,277 3,469 3,443
OPM % 18% 29% 35% 32% 32% 39% 46% 33% 42% 42% 37% 46% 36%
-15 818 253 267 692 425 171 727 132 173 259 -1,983 635
Interest 162 169 260 226 213 241 244 258 246 153 214 279 236
Depreciation 459 518 472 499 543 310 468 511 530 438 478 499 576
Profit before tax 504 2,014 1,678 1,857 2,134 3,321 4,333 2,662 3,264 2,885 1,843 708 3,266
Tax % -211% 43% 28% 22% 29% 24% 25% 21% 23% 31% 24% 10% 20%
1,568 1,142 1,215 1,454 1,523 2,527 3,230 2,116 2,529 1,980 1,399 640 2,608
EPS in Rs 12.91 8.76 9.72 10.62 11.97 19.53 25.87 17.49 21.07 16.07 13.16 3.88 21.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
9,863 9,968 9,690 9,978 9,821 9,566 10,698 13,780 18,612 17,616 25,906 36,097 31,171
5,284 5,359 6,044 6,346 6,235 6,446 6,770 8,190 13,297 11,928 15,405 20,829 18,679
Operating Profit 4,579 4,609 3,646 3,633 3,586 3,120 3,928 5,591 5,315 5,689 10,500 15,268 12,492
OPM % 46% 46% 38% 36% 37% 33% 37% 41% 29% 32% 41% 42% 40%
1,417 1,530 1,589 1,258 1,198 793 1,812 1,251 2,147 1,185 1,254 724 -917
Interest 9 3 71 349 389 441 554 624 647 660 940 901 882
Depreciation 885 848 822 865 1,070 1,180 1,327 1,541 1,786 1,844 1,824 1,947 1,990
Profit before tax 5,101 5,288 4,342 3,677 3,324 2,292 3,859 4,677 5,030 4,369 8,990 13,144 8,702
Tax % 32% 32% 33% 32% 37% 30% 29% 31% 0% 5% 25% 25%
3,446 3,592 2,990 2,608 2,080 1,597 2,735 3,238 5,005 4,146 6,719 9,854 6,627
EPS in Rs 28.67 29.88 24.87 21.70 17.30 13.28 24.10 29.86 43.35 32.53 51.84 80.49 54.75
Dividend Payout % 28% 50% 43% 46% 46% 72% 42% 34% 24% 15% 27% 25%
Compounded Sales Growth
10 Years: 14%
5 Years: 28%
3 Years: 25%
TTM: -16%
Compounded Profit Growth
10 Years: 9%
5 Years: 26%
3 Years: 21%
TTM: -24%
Stock Price CAGR
10 Years: 9%
5 Years: 28%
3 Years: 73%
1 Year: 138%
Return on Equity
10 Years: 15%
5 Years: 19%
3 Years: 21%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 240 601 601 601 601 802 757 1,084 1,084 1,084 1,084 1,084 1,084
Reserves 17,499 18,648 20,080 20,900 24,577 28,718 28,273 27,890 22,126 22,582 29,478 37,397 39,060
19 1,261 10,146 9,070 9,722 14,184 12,329 15,114 12,743 19,718 16,721 18,832 22,404
5,407 4,567 4,571 6,549 5,344 7,600 7,353 8,430 20,981 12,151 13,846 16,866 17,974
Total Liabilities 23,166 25,077 35,398 37,120 40,244 51,303 48,712 52,518 56,936 55,535 61,129 74,179 80,522
1,058 1,202 6,475 7,251 2,813 3,827 5,121 5,236 8,294 6,097 6,185 6,885 18,667
CWIP 1,132 1,889 2,816 3,755 1,812 1,894 988 1,267 2,368 3,171 5,900 11,953 15,934
Investments 2,632 1,888 5,223 5,573 15,052 27,461 26,657 26,451 25,718 24,010 27,099 27,924 28,934
18,344 20,098 20,884 20,541 20,566 18,121 15,946 19,563 20,555 22,258 21,944 27,417 16,988
Total Assets 23,166 25,077 35,398 37,120 40,244 51,303 48,712 52,518 56,936 55,535 61,129 74,179 80,522

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,163 1,436 2,616 1,754 3,597 3,114 3,933 5,023 6,493 5,235 9,310 11,410
-1,462 451 -10,064 -1,992 -2,677 -5,865 1,778 -578 -2,207 -8,517 -4,192 -9,130
-2,534 -687 6,972 -2,603 -871 2,758 -5,698 -940 -7,331 3,702 -5,615 -2,521
Net Cash Flow -834 1,201 -477 -2,841 49 7 12 3,504 -3,045 420 -498 -241

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 39 33 18 87 49 39 48 35 29 38 25 24
Inventory Days 333 350 286 244
Days Payable 105 140 115 83
Cash Conversion Cycle 39 33 18 87 49 39 48 35 257 249 196 185
Working Capital Days -9 20 45 55 67 32 10 -77 -139 47 24 26
ROCE % 30% 28% 17% 13% 12% 10% 10% 15% 15% 13% 21% 25%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
7.62% 8.53% 9.96% 10.11% 11.23% 12.42% 11.78% 11.52% 11.41% 11.03% 11.26% 10.99%
18.99% 18.50% 18.11% 17.91% 16.84% 15.53% 15.37% 16.04% 16.26% 16.36% 15.89% 15.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.87% 9.87% 9.87% 9.87% 9.87% 9.87%
16.73% 16.31% 15.27% 15.33% 15.27% 15.39% 6.32% 5.91% 5.81% 6.11% 6.32% 6.51%
No. of Shareholders 1,87,2931,89,5591,82,7891,99,4482,19,7672,30,3902,48,4572,32,6362,27,9262,25,9922,37,2392,82,349

* 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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