Oil India Limited (OIL) AI Stock Analysis

• Market Cap: ₹665.20B
• Dividend Yield: 2.76%
• Average Volume (3M): 308.26K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 1.15
• Revenue Growth: -5.98%
• EPS Growth: -3.42%
• Country: IN
• Employees: 6,492
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 5.00
• Shares Outstanding: 1,626,607,800
• 10 Day Avg. Volume: 123,841
• 30 Day Avg. Volume: 308,261
• PEG Ratio: 2.82
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 1.93
• P/FCF Ratio: -38.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹425.25
• Price Target Upside: 3.99% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 68 Neutral
• Price Target: ₹446.00 ▲(9.06% Upside)

Oil India Limited's overall stock score reflects its strong financial performance and reasonable valuation. However, technical indicators suggest neutral momentum, and challenges with debt management and free cash flow impact the score.

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. It is also involved in the transportation of crude oil and natural gas; and production of LPG, as well as in the provision of exploration and production related services. The company owns and operates 1,157 kilometers of cross-country crude oil pipelines; and 13 drilling rigs and 14 work-over rigs, as well as owns 10 crude oil pumping stations and 17 repeater stations in Assam, West Bengal, and Bihar states. It also generates energy through wind and solar power projects. In addition, the company has participating interests in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc., as well as in various projects in Libya, Gabon, the United States, Nigeria, Sudan, Yemen, Venezuela, Mozambique, Myanmar, Bangladesh, and Russia. Oil India Limited was founded in 1889 and is based in Noida, India.

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 the export of hydrocarbons. OIL benefits from the pricing mechanisms set by the government for domestic oil and gas sales, as well as international market prices for exports. Additionally, the company may earn revenue through joint ventures and partnerships with other oil and gas companies, enhancing its operational capabilities and market reach. Factors contributing to its earnings include fluctuating global oil prices, domestic demand for energy, and government policies impacting the hydrocarbon sector.

Oil India Limited Financial Statement Overview

Summary

Oil India Limited presents a robust financial profile with strong profitability and a solid balance sheet. However, challenges exist in sustaining revenue growth and managing capital expenditures to ensure positive free cash flow. The company's financial health is positive, but careful management of debt and investment strategies will be crucial moving forward.

Income Statement

Oil India Limited shows strong profitability with a high gross profit margin of approximately 52.6% and stable net profit margins, averaging around 20% over the years. Despite a slight decrease in total revenue from 2023 to 2025, the company demonstrates robust EBIT and EBITDA margins, reflecting efficiency in operations. However, the revenue growth has been inconsistent, with fluctuations over the years.

Balance Sheet

The balance sheet indicates a strong equity base, with a debt-to-equity ratio of 0.62, suggesting a conservative leverage strategy. The equity ratio is approximately 47.6%, reflecting a solid capital structure. However, the increasing debt levels from 2022 to 2025 pose a risk, potentially impacting future financial flexibility.

Cash Flow

Operating cash flow remains strong, consistently supporting net income with a healthy operating cash flow to net income ratio. However, free cash flow has turned negative in recent years due to high capital expenditures, which may affect future liquidity unless managed efficiently.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	323.21B	325.36B	324.91B	361.09B	259.18B	226.60B
Gross Profit	172.95B	247.72B	248.52B	278.42B	202.79B	190.06B
EBITDA	111.99B	119.29B	131.30B	165.28B	113.70B	65.73B
Net Income	65.62B	65.51B	63.35B	87.29B	56.22B	35.28B
Balance Sheet
Total Assets	0.00	1.04T	921.53B	738.83B	608.18B	552.14B
Cash, Cash Equivalents and Short-Term Investments	78.41B	78.41B	67.96B	38.51B	21.07B	21.57B
Total Debt	0.00	306.45B	240.41B	188.32B	167.21B	197.18B
Total Liabilities	-547.06B	497.39B	395.27B	320.30B	276.42B	304.04B
Stockholders Equity	547.06B	497.68B	483.39B	384.81B	305.62B	236.66B
Cash Flow
Free Cash Flow	0.00	-16.37B	-11.30B	28.86B	33.42B	21.17B
Operating Cash Flow	0.00	113.32B	109.33B	114.10B	93.10B	52.44B
Investing Cash Flow	0.00	-135.14B	-126.01B	-91.31B	-41.93B	-85.21B
Financing Cash Flow	0.00	24.83B	16.37B	-25.21B	-56.15B	37.02B

Oil India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 408.95
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OIL, the sentiment is Negative. The current price of 408.95 is below the 20-day moving average (MA) of 414.09, above the 50-day MA of 407.83, and below the 200-day MA of 414.21, indicating a neutral trend. The MACD of 2.45 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 44.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:OIL.

Oil India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BPCL	71 Outperform	₹1.46T	8.28	―	2.98%	-1.89%	-8.61%
GSPL	71 Outperform	₹178.09B	16.03	―	1.58%	0.44%	-33.05%
GUJGASLTD	69 Neutral	₹289.06B	25.24	―	1.38%	-2.76%	-9.00%
OIL	68 Neutral	₹665.20B	10.14	―	2.76%	-5.98%	-3.42%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MRPL	63 Neutral	₹251.67B	24.28	―	2.09%	-11.96%	14.31%
HINDPETRO	61 Neutral	₹961.03B	9.41	―	2.34%	-1.06%	3.34%