Oil India Ltd

₹ 311 3.90%

29 Nov - 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%).

Website BSE NSE

Market Cap ₹ 33,682 Cr.
Current Price ₹ 311
High / Low ₹ 339 / 195
Stock P/E 4.88
Book Value ₹ 370
Dividend Yield 6.44 %
ROCE 25.4 %
ROE 25.2 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.84 times its book value
Stock is providing a good dividend yield of 6.44%.
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.

Peer comparison

Sector: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	5,465	6,326	6,502	6,202	7,254	6,783	8,870	10,678	8,259	9,302	7,852	6,208	7,497
	3,592	5,188	4,618	4,044	4,940	4,585	5,422	5,804	5,555	5,394	4,549	3,932	4,027
Operating Profit	1,873	1,138	1,884	2,158	2,314	2,198	3,448	4,874	2,703	3,908	3,303	2,277	3,469
OPM %	34%	18%	29%	35%	32%	32%	39%	46%	33%	42%	42%	37%	46%
	54	-15	818	253	267	692	425	171	727	132	173	259	-1,983
Interest	162	162	169	260	226	213	241	244	258	246	153	214	279
Depreciation	441	459	518	472	499	543	310	468	511	530	438	478	499
Profit before tax	1,325	504	2,014	1,678	1,857	2,134	3,321	4,333	2,662	3,264	2,885	1,843	708
Tax %	20%	-211%	43%	28%	22%	29%	24%	25%	21%	23%	31%	24%	10%
	1,058	1,568	1,142	1,215	1,454	1,523	2,527	3,230	2,116	2,529	1,980	1,399	640
EPS in Rs	8.22	12.91	8.76	9.72	10.62	11.97	19.53	25.87	17.49	21.07	16.07	13.16	3.88
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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	30,858
	5,284	5,359	6,044	6,346	6,235	6,446	6,770	8,190	13,297	11,928	15,405	20,829	17,901
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	12,957
OPM %	46%	46%	38%	36%	37%	33%	37%	41%	29%	32%	41%	42%	42%
	1,417	1,530	1,589	1,258	1,198	793	1,812	1,251	2,147	1,185	1,254	724	-1,420
Interest	9	3	71	349	389	441	554	624	647	660	940	901	892
Depreciation	885	848	822	865	1,070	1,180	1,327	1,541	1,786	1,844	1,824	1,947	1,944
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	8,700
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	6,548
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	54.18
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:	-11%

Compounded Profit Growth
10 Years:	9%
5 Years:	26%
3 Years:	21%
TTM:	-15%

Stock Price CAGR
10 Years:	3%
5 Years:	11%
3 Years:	48%
1 Year:	52%

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										350	286	244
Days Payable										140	115	83
Cash Conversion Cycle	39	33	18	87	49	39	48	35	29	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

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 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%
	6.75%	7.62%	8.53%	9.96%	10.11%	11.23%	12.42%	11.78%	11.52%	11.41%	11.03%	11.26%
	19.59%	18.99%	18.50%	18.11%	17.91%	16.84%	15.53%	15.37%	16.04%	16.26%	16.36%	15.89%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.87%	9.87%	9.87%	9.87%	9.87%
	17.00%	16.73%	16.31%	15.27%	15.33%	15.27%	15.39%	6.32%	5.91%	5.81%	6.11%	6.32%
No. of Shareholders	1,88,744	1,87,293	1,89,559	1,82,789	1,99,448	2,19,767	2,30,390	2,48,457	2,32,636	2,27,926	2,25,992	2,37,239

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	66.60%	66.13%	61.61%	56.66%	56.66%	56.66%	56.66%	56.66%
	4.44%	3.82%	4.83%	6.58%	7.62%	11.23%	11.41%	11.26%
	13.34%	13.59%	17.40%	19.24%	18.99%	16.84%	16.26%	15.89%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.87%	9.87%
	15.62%	16.46%	16.15%	17.53%	16.73%	15.27%	5.81%	6.32%
No. of Shareholders	1,29,528	1,23,595	1,40,037	1,60,977	1,87,293	2,19,767	2,27,926	2,37,239

* 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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