Oil India Limited (IN:OIL)
:OIL
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Oil India Limited
(OIL)
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Rating:74Outperform
Price Target:
₹510.00
▲(18.88% Upside)
Action:DowngradedDate:01/29/26
The score is driven primarily by strong profitability and a solid capital structure, partially offset by negative recent free cash flow and uneven revenue trends. Technicals are constructive with price above major moving averages, but overbought RSI limits upside confidence. Valuation is supportive with a mid-range P/E and modest dividend yield.
Positive Factors
Profitability & margins
Sustained high gross (~52.6%) and stable net (~20%) margins indicate durable operational efficiency and cost management in upstream activities. Strong margins provide a cash buffer across commodity cycles, supporting reinvestment, capex funding and shareholder returns over the medium term.
Negative Factors
Negative free cash flow
Sustained negative free cash flow driven by elevated capex reduces internal funding for dividends or growth projects and increases reliance on external financing. Over several quarters this can pressure liquidity, limit strategic optionality and raise financing costs if markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & margins
Sustained high gross (~52.6%) and stable net (~20%) margins indicate durable operational efficiency and cost management in upstream activities. Strong margins provide a cash buffer across commodity cycles, supporting reinvestment, capex funding and shareholder returns over the medium term.
Read all positive factors
Oil India Limited (OIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹783.94B
Dividend Yield2.94%
Average Volume (3M)115.24K
Price to Earnings (P/E)14.4
Beta (1Y)1.06
Revenue Growth-1.94%
EPS Growth-28.79%
CountryIN
Employees6,492
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)4.97
Shares Outstanding1,626,607,800
10 Day Avg. Volume144,088
30 Day Avg. Volume115,243
Financial Highlights & Ratios
PEG Ratio2.82
Price to Book (P/B)1.26
Price to Sales (P/S)1.93
P/FCF Ratio-38.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹527.00Price Target Upside22.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)37.41
Revenue Forecast (FY)₹240.34B
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 India Limited primarily generates revenue through the exploration, production, and sale of crude oil and natural gas. The company's key revenue streams include the sale of crude oil to refineries, natural gas sales to various consumers, and th...
Oil India Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 334.65B | 325.10B | 324.66B | 360.84B | 256.53B | 222.88B |
| Gross Profit | 224.80B | 219.74B | 223.24B | 254.50B | 159.43B | 152.78B |
| EBITDA | 120.67B | 127.92B | 119.62B | 159.50B | 116.45B | 69.24B |
| Net Income | 59.74B | 65.51B | 63.35B | 87.29B | 56.22B | 35.28B |
Balance Sheet | ||||||
| Total Assets | 1.17T | 1.04T | 921.53B | 738.83B | 608.18B | 552.14B |
| Cash, Cash Equivalents and Short-Term Investments | 111.61B | 78.41B | 67.96B | 38.51B | 21.07B | 21.57B |
| Total Debt | 358.54B | 306.45B | 240.41B | 188.32B | 167.21B | 197.18B |
| Total Liabilities | 552.76B | 497.39B | 395.27B | 320.30B | 276.42B | 304.04B |
| Stockholders Equity | 562.58B | 497.68B | 483.39B | 384.81B | 305.62B | 236.66B |
Cash Flow | ||||||
| Free Cash Flow | -20.92B | -16.37B | -11.30B | 28.86B | 33.42B | 21.17B |
| Operating Cash Flow | 32.99B | 113.32B | 109.33B | 114.10B | 93.10B | 52.44B |
| Investing Cash Flow | -50.04B | -135.14B | -126.01B | -91.31B | -41.93B | -85.21B |
| Financing Cash Flow | 38.15B | 24.83B | 16.37B | -25.21B | -56.15B | 37.02B |
Oil India Limited Technical Analysis
Neutral
429.00
Price Trends
471.88
Positive
442.41
Positive
428.34
Positive
Market Momentum
1.46
Positive
49.51
Neutral
47.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OIL, the sentiment is Neutral. The current price of 429 is below the 20-day moving average (MA) of 474.44, below the 50-day MA of 471.88, and above the 200-day MA of 428.34, indicating a neutral trend. The MACD of 1.46 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 47.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.20T | 5.71 | ― | 4.73% | -1.35% | 61.80% | |
74 Outperform | ₹783.94B | 14.43 | ― | 2.94% | -1.94% | -28.79% | |
71 Outperform | ₹133.04B | 16.83 | ― | 1.69% | 0.44% | -33.05% | |
71 Outperform | ₹314.42B | 4.59 | ― | 2.04% | -11.96% | 14.31% | |
69 Neutral | ₹215.29B | 26.58 | ― | 1.47% | -2.39% | -12.17% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | ₹705.16B | 6.62 | ― | 3.26% | -1.81% | 231.75% |
* Energy Sector Average
IN:OIL
Oil India Limited
481.95
137.76
40.02%
IN:BPCL
Bharat Petroleum Corporation Limited
277.40
9.25
3.45%
IN:GSPL
Gujarat State Petronet Limited
235.80
-50.84
-17.74%
IN:GUJGASLTD
Gujarat Gas Ltd.
312.75
-81.44
-20.66%
IN:HINDPETRO
Hindustan Petroleum Corporation Limited
331.40
-24.61
-6.91%
IN:MRPL
Mangalore Refinery & Petrochemicals Ltd.
179.40
46.99
35.49%
Oil India Limited Corporate Events
Oil India Clarifies Seismic Study Remarks and Distances Share Price Moves From News Report
Feb 2, 2026
Oil India Limited has clarified that recent comments by its Chairman and Managing Director, reported in a news article about seismic studies of previously acquired blocks and bidding strategy for the OALP-X round, were general in nature for an exp...
Oil India Says No Undisclosed Events Behind Surge in Trading Volume, Points to Rising Crude Prices
Jan 29, 2026
Oil India Limited has clarified to the stock exchanges that it has no undisclosed information or corporate developments that would explain the recent significant increase in trading volume of its shares. The company attributed the market movement ...
Oil India Board Seeks Waiver of SEBI Compliance Fines Over Board Composition
Dec 20, 2025
Oil India Limited has informed the stock exchanges that its board has reviewed fines imposed by BSE and NSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations relating to board composition for the quarter en...
Oil India Limited Announces Senior Management Change
Nov 30, 2025
Oil India Limited has announced a change in its senior management, with Executive Director of Engineering Services, Shri Gauranga Borgohain, set to retire on November 30, 2025. This transition marks a significant shift in the company’s leade...
Oil India Limited Fined by NSE and BSE for Non-Compliance
Nov 28, 2025
Oil India Limited has been fined Rs. 5,42,800 each by the National Stock Exchange (NSE) and BSE Limited for not appointing the required number of Independent Directors for the quarter ending September 2025, as per Regulation 17(1) of SEBI (LODR) R...
Oil India Limited Successfully Caps Well 76 at Kharsang
Nov 22, 2025
Oil India Limited (OIL) has successfully capped Well 76 at the Kharsang Oil Field in Arunachal Pradesh, following a blowout that occurred on October 30, 2025. The operation, which involved collaboration with GeoEnpro Petroleum Ltd and internationa...
Oil India Limited Releases Q2 FY 2025-26 Earnings Call Transcript
Nov 21, 2025
Oil India Limited has announced that the transcript for its Q2 FY 2025-26 financial results conference call has been made available on its website. This release is part of the company’s ongoing commitment to transparency and communication wi...
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.