Oil India Limited (IN:OIL)
:OIL
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Oil India Limited
(OIL)
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Rating:74Outperform
Price Target:
₹580.00
▲(35.20% Upside)
Action:Reiterated
Date:05/16/26
Overall score reflects solid but cooling fundamentals (margin compression, rising leverage, and uneven free cash flow), partially offset by a strong technical uptrend and a reasonable valuation with a meaningful dividend yield.
Positive Factors
Stable operating cash flow
Consistent, sizable operating cash flow provides durable internal funding for exploration, sustaining capex, and routine field development. Over 2–6 months this reduces reliance on external financing, supports continuity of operations, and underpins the ability to fund dividends or strategic investments.
Negative Factors
Rising leverage
Material increase in leverage reduces financial flexibility and raises interest exposure. Higher debt-to-equity constrains capacity to fund new projects internally, increases refinancing risk in stress periods, and heightens sensitivity to weaker oil/gas realizations over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable operating cash flow
Consistent, sizable operating cash flow provides durable internal funding for exploration, sustaining capex, and routine field development. Over 2–6 months this reduces reliance on external financing, supports continuity of operations, and underpins the ability to fund dividends or strategic investments.
Read all positive factors
Oil India Limited (OIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹820.05B
Dividend Yield2.94%
Average Volume (3M)115.24K
Price to Earnings (P/E)11.7
Beta (1Y)0.74
Revenue Growth4.41%
EPS Growth1.06%
CountryIN
Employees6,492
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)36.72
Shares Outstanding1,626,607,800
10 Day Avg. Volume144,088
30 Day Avg. Volume115,243
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)54.96
Revenue Forecast (FY)₹278.25B
Oil India Limited Business Overview & Revenue Model
Company Description
Oil India Limited explores for, develops, and produces crude oil and natural gas in India and internationally. The company operates through Crude Oil, Natural Gas, Liquefied Petroleum Gas (LPG), Pipeline Transportation, and Renewal Energy segments...
How the Company Makes Money
OIL primarily makes money by producing and selling hydrocarbons—crude oil and natural gas—generated from its upstream assets. (1) Crude oil sales: Revenue is earned by selling produced crude oil from OIL-operated fields to buyers in India’s downst...
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 | 104.46B | 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
429.00
Price Trends
477.33
Positive
462.87
Positive
434.45
Positive
Market Momentum
8.92
Negative
58.84
Neutral
66.33
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 429 is below the 20-day moving average (MA) of 484.27, below the 50-day MA of 477.33, and below the 200-day MA of 434.45, indicating a bullish trend. The MACD of 8.92 indicates Negative momentum. The RSI at 58.84 is Neutral, neither overbought nor oversold. The STOCH value of 66.33 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 (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.02T | 16.11 | ― | 4.39% | 3.07% | -30.88% | |
77 Outperform | ₹3.75T | 7.55 | ― | 5.21% | 0.23% | -2.60% | |
77 Outperform | ₹396.98B | 9.53 | ― | 3.58% | -14.69% | -1.51% | |
74 Outperform | ₹820.05B | 11.68 | ― | 2.94% | 4.41% | 1.06% | |
73 Outperform | ₹1.95T | 4.43 | ― | 4.90% | 3.47% | 209.60% | |
69 Neutral | ₹21.89B | 62.34 | ― | ― | -23.18% | -36.32% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
IN:OIL
Oil India Limited
504.15
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Oil India Limited Corporate Events
Oil India fined by NSE for board-level non-compliance, says no material impact
Feb 28, 2026
Oil India Limited reported that the National Stock Exchange of India has imposed a fine of Rs. 5,42,800 for the quarter ended December 2025 due to non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements. Th...
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.