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Oil Country Tubular Limited
(OILCOUNTUB)
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Rating:48Neutral
Price Target:
₹77.00
▲(28.23% Upside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak and volatile financial performance—large recent losses and negative free cash flow despite balance-sheet repair. Technicals are supportive due to a strong uptrend, but overbought readings add near-term risk. Valuation remains a concern because losses drive a negative P/E and there is no dividend yield support.
Positive Factors
Positive Equity Base
Positive equity substantially exceeds reported debt, providing a stronger capital base than the company had in 2021–2022. This gives the business more financial resilience and room to manage operational volatility, although continued losses could weaken that position.
Negative Factors
Sharp Revenue Contraction
A decline of this magnitude indicates substantial pressure on demand, volume, pricing, or business execution and reduces operating scale. Sustained revenue weakness can make fixed costs harder to absorb and limit the company’s ability to rebuild profitability over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Equity Base
Positive equity substantially exceeds reported debt, providing a stronger capital base than the company had in 2021–2022. This gives the business more financial resilience and room to manage operational volatility, although continued losses could weaken that position.
Read all positive factors
Oil Country Tubular Limited (OILCOUNTUB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.98B
Dividend Yield3.87%
Average Volume (3M)4.95K
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth-48.59%
EPS Growth-96.17%
CountryIN
Employees187
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-13.03
Shares Outstanding51,989,530
10 Day Avg. Volume7,274
30 Day Avg. Volume4,949
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.96
Price to Sales (P/S)2.70
P/FCF Ratio-18.55
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)N/A
Revenue Forecast (FY)N/A
Oil Country Tubular Limited Business Overview & Revenue Model
Company Description
Oil Country Tubular Limited manufactures and sells casing, tubing, and drill pipes used in the oil and gas drilling and exploration sector in India and internationally. It offers API connections, and double shoulder and high torque connections; he...
How the Company Makes Money
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Oil Country Tubular Limited Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
57
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 629.62M | 700.94M | 1.23B | 182.39M | 2.75M | 0.00 |
| Gross Profit | -469.24M | -407.44M | 882.90M | -710.29M | -313.69M | -193.83M |
| EBITDA | -30.89M | 63.03M | 431.50M | 10.77M | 1.28B | -45.56M |
| Net Income | -677.83M | -614.82M | -318.61M | -704.48M | 1.05B | -513.23M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.14B | 3.82B | 4.27B | 4.97B | 2.45B |
| Cash, Cash Equivalents and Short-Term Investments | 80.89M | 147.88M | 192.47M | 17.33M | 2.75M | 1.40M |
| Total Debt | 0.00 | 248.77M | 447.86M | 902.39M | 658.86M | 2.23B |
| Total Liabilities | -1.97B | 1.16B | 1.51B | 2.32B | 2.47B | 3.71B |
| Stockholders Equity | 1.97B | 1.97B | 2.31B | 1.95B | 2.50B | -1.26B |
Cash Flow | ||||||
| Free Cash Flow | 96.39M | -101.99M | 299.58M | -189.97M | 1.69B | -267.08M |
| Operating Cash Flow | 137.03M | -43.12M | 304.94M | -189.87M | 1.69B | -267.08M |
| Investing Cash Flow | -33.52M | -58.85M | -357.00K | 20.89M | 14.00K | 322.00K |
| Financing Cash Flow | 40.69M | 48.24M | -187.28M | 183.67M | -1.69B | 267.89M |
Oil Country Tubular Limited Technical Analysis
Positive
60.05
Price Trends
62.64
Positive
59.77
Positive
55.83
Positive
Market Momentum
3.89
Negative
81.99
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OILCOUNTUB, the sentiment is Positive. The current price of 60.05 is below the 20-day moving average (MA) of 67.40, below the 50-day MA of 62.64, and above the 200-day MA of 55.83, indicating a bullish trend. The MACD of 3.89 indicates Negative momentum. The RSI at 81.99 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:OILCOUNTUB.
Oil Country Tubular Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹17.42B | 8.88 | ― | 0.17% | 11.72% | -19.52% | |
73 Outperform | ₹41.70B | 15.79 | ― | 0.13% | 60.32% | 122.30% | |
73 Outperform | ₹4.50B | 23.80 | ― | 0.76% | 26.40% | 48.98% | |
69 Neutral | ₹48.40B | 23.22 | ― | 0.33% | 48.75% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹851.55M | -0.47 | ― | 1.55% | -0.26% | 78.73% | |
48 Neutral | ₹3.98B | -6.00 | ― | 3.87% | -48.59% | -96.17% |
* General Sector Average
IN:OILCOUNTUB
Oil Country Tubular Limited
78.04
-0.17
-0.22%
IN:ABAN
Aban Offshore Limited
15.31
-26.44
-63.33%
IN:DEEPINDS
Deep Industries Limited
748.55
242.03
47.78%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
586.50
-6.10
-1.03%
IN:SEAMECLTD
SEAMEC Limited
1,595.20
684.87
75.23%
IN:UNIDT
United Drilling Tools Limited
239.80
43.16
21.95%
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.