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Oil India Limited
(OIL)
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Rating:77Outperform
Price Target:
₹569.00
▲(15.90% Upside)
Action:Upgraded
Date:09/11/26
The score is driven by strong valuation (low P/E with a supportive dividend) and constructive technical momentum (price above key moving averages with a positive MACD). These are balanced by a moderating financial backdrop—margin compression, rising leverage, and uneven free cash flow/cash conversion remain the primary risks.
Positive Factors
Revenue and EPS Growth
Recent revenue and earnings growth indicate that Oil India is still expanding its financial output despite a more mature operating profile. If supported by production and field performance, this growth can strengthen reinvestment capacity and sustain earnings over the next several quarters.
Negative Factors
Margin Compression
The decline in EBITDA and operating margins suggests that profitability has become less robust than during the prior upcycle. Weaker realizations, higher costs, or both could reduce the earnings benefit of future revenue growth and make medium-term results more sensitive to operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and EPS Growth
Recent revenue and earnings growth indicate that Oil India is still expanding its financial output despite a more mature operating profile. If supported by production and field performance, this growth can strengthen reinvestment capacity and sustain earnings over the next several quarters.
Read all positive factors
Oil India Limited (OIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹794.19B
Dividend Yield2.36%
Average Volume (3M)151.22K
Price to Earnings (P/E)9.5
Beta (1Y)0.50
Revenue Growth20.37%
EPS Growth27.31%
CountryIN
Employees6,593
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)36.72
Shares Outstanding1,626,607,800
10 Day Avg. Volume104,107
30 Day Avg. Volume151,221
Financial Highlights & Ratios
PEG Ratio10.94
Price to Book (P/B)1.33
Price to Sales (P/S)2.28
P/FCF Ratio29.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)56.59
Revenue Forecast (FY)₹292.64B
Oil India Limited Business Overview & Revenue Model
Company Description
Oil India Limited, established in 1889 and headquartered in Noida, India, is a key player in the energy sector, primarily focused on the discovery, development, and extraction of crude oil and natural gas within India and across the globe. The com...
How the Company Makes Money
OIL makes money mainly by selling hydrocarbons that it produces from its oil and gas fields. The company’s revenue model is anchored in upstream (E&P) monetization, where earnings are driven by production volumes, realized prices, and the company’...
Oil India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 334.65B | 339.46B | 325.10B | 324.66B | 360.84B | 256.53B |
| Gross Profit | 224.80B | 189.87B | 219.74B | 223.24B | 254.50B | 159.43B |
| EBITDA | 120.67B | 134.98B | 127.92B | 119.62B | 159.50B | 116.45B |
| Net Income | 59.74B | 66.20B | 65.51B | 63.35B | 87.29B | 56.22B |
Balance Sheet | ||||||
| Total Assets | 1.17T | 1.24T | 1.04T | 921.53B | 738.83B | 608.18B |
| Cash, Cash Equivalents and Short-Term Investments | 111.61B | 60.45B | 78.41B | 67.96B | 38.51B | 21.07B |
| Total Debt | 358.54B | 374.78B | 306.45B | 240.41B | 188.32B | 167.21B |
| Total Liabilities | 552.76B | 600.46B | 497.39B | 395.27B | 320.30B | 276.42B |
| Stockholders Equity | 562.58B | 579.98B | 497.68B | 483.39B | 384.81B | 305.62B |
Cash Flow | ||||||
| Free Cash Flow | -20.92B | 26.54B | -16.37B | -11.30B | 28.86B | 33.42B |
| Operating Cash Flow | 32.99B | 112.11B | 113.32B | 109.33B | 114.10B | 93.10B |
| Investing Cash Flow | -50.04B | -116.99B | -135.14B | -126.01B | -91.31B | -41.93B |
| Financing Cash Flow | 38.15B | 12.00B | 24.83B | 16.37B | -25.21B | -56.15B |
Oil India Limited Technical Analysis
Positive
490.95
Price Trends
459.87
Positive
460.85
Positive
453.35
Positive
Market Momentum
9.77
Negative
57.52
Neutral
54.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OIL, the sentiment is Positive. The current price of 490.95 is above the 20-day moving average (MA) of 482.03, above the 50-day MA of 459.87, and above the 200-day MA of 453.35, indicating a bullish trend. The MACD of 9.77 indicates Negative momentum. The RSI at 57.52 is Neutral, neither overbought nor oversold. The STOCH value of 54.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:OIL.
Oil India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹794.19B | 9.54 | ― | 2.36% | 20.37% | 27.31% | |
73 Outperform | ₹430.50B | 10.24 | ― | 3.48% | -24.82% | 13.45% | |
70 Outperform | ₹1.91T | 5.53 | ― | 6.10% | 13.47% | 99.32% | |
69 Neutral | ₹2.93T | 6.72 | ― | 5.70% | 6.95% | 20.82% | |
65 Neutral | ₹1.14T | 11.55 | ― | 3.15% | 3.52% | -15.10% | |
62 Neutral | ₹24.50B | 97.48 | ― | 0.19% | -17.80% | -83.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:OIL
Oil India Limited
488.25
103.16
26.79%
IN:GAIL
GAIL (India) Limited
173.90
-0.15
-0.09%
IN:HINDOILEXP
Hindustan Oil Exploration Co., Ltd.
185.25
15.25
8.97%
IN:IOC
Indian Oil Corp. Ltd.
135.25
-1.51
-1.10%
IN:ONGC
Oil & Natural Gas Corp. Ltd.
232.55
12.00
5.44%
IN:PETRONET
Petronet Lng Limited
287.00
19.40
7.25%
Oil India Limited Corporate Events
Oil India arm signs Haryana MoUs for integrated waste‑to‑clean‑energy projects
Aug 30, 2026
OIL Green Energy Limited has signed memoranda of understanding with the municipalities of Gurugram, Faridabad, Hisar and Ambala in Haryana to develop four integrated compressed biogas and waste‑to‑energy projects. The facilities, desig...
Oil India Sets Virtual AGM, Seeks Changes to Business Objects
Aug 25, 2026
Oil India Limited has scheduled its 67th Annual General Meeting for September 17, 2026, to be held via video conferencing, during which members will consider the audited financial statements for FY 2025-26, declare a final dividend of ₹1 per...
Oil India Schedules Investor Concall on Q1 FY27 Results
Aug 4, 2026
Oil India Limited has announced that it will hold an investor conference call to discuss its financial results for the first quarter of fiscal year 2026-27. The call, organized by DAM Capital Advisors, is scheduled for Monday, 10 August 2026 at 13...
Oil India boosts leadership cadre and seeks higher capital base with MoA, AoA changes
Jun 29, 2026
Oil India Limited’s board has approved the promotion of senior executives to the position of Executive Directors, one level below the board, including appointing a new Executive Director and CEO for Arunachal Gas Pvt. Ltd. and an Executive D...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.