Oil Country Tubular Limited (IN:OILCOUNTUB)
:OILCOUNTUB
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Oil Country Tubular Limited
(OILCOUNTUB)
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Rating:45Neutral
Price Target:
₹55.00
▼(-8.41% Downside)
Action:Reiterated
Date:05/24/26
The score is primarily constrained by weak and unstable fundamentals—sharp 2026 revenue decline, large net loss (including negative gross profit), and a reversal to negative operating and free cash flow. Technicals are mixed with the price below key short- and long-term averages and only neutral momentum readings. Valuation provides limited support because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Healthy capital structure
The company has positive equity far exceeding debt, providing a durable financial buffer. Modest leverage improves resilience to cyclical oilfield demand, supports creditor confidence and preserves capacity to fund working capital or selective capex without immediate refinancing pressure.
Negative Factors
Sharp revenue decline & loss
A deep revenue drop and a very large net loss with negative gross profit indicate structural demand, pricing or cost issues that impair core economics. If sustained, such deterioration reduces margin sustainability, erodes equity and increases the chance of prolonged underperformance.
Read all positive and negative factors
Positive Factors
Negative Factors
Healthy capital structure
The company has positive equity far exceeding debt, providing a durable financial buffer. Modest leverage improves resilience to cyclical oilfield demand, supports creditor confidence and preserves capacity to fund working capital or selective capex without immediate refinancing pressure.
Read all positive factors
Oil Country Tubular Limited (OILCOUNTUB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.95B
Dividend YieldN/A
Average Volume (3M)7.87K
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth-42.97%
EPS Growth-65.04%
CountryIN
Employees166
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-7.48
Shares Outstanding51,989,530
10 Day Avg. Volume3,634
30 Day Avg. Volume7,873
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 drilling and exploration industry in India and internationally. The company offers heavy weight drill pipes and drill collars, as well as tubing, ca...
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 | 1.10B | 700.94M | 1.23B | 182.39M | 2.75M | 0.00 |
| Gross Profit | 312.29M | -407.44M | 882.90M | -710.29M | -313.69M | -193.83M |
| EBITDA | 292.47M | 45.86M | 431.50M | 10.77M | 1.28B | -45.56M |
| Net Income | -392.70M | -614.82M | -318.61M | -704.48M | 1.05B | -513.23M |
Balance Sheet | ||||||
| Total Assets | 3.45B | 3.14B | 3.82B | 4.27B | 4.97B | 2.45B |
| Cash, Cash Equivalents and Short-Term Investments | 311.38M | 147.88M | 192.47M | 17.33M | 2.75M | 1.40M |
| Total Debt | 248.77M | 248.77M | 447.86M | 902.39M | 658.86M | 2.23B |
| Total Liabilities | 1.26B | 1.16B | 1.51B | 2.32B | 2.47B | 3.71B |
| Stockholders Equity | 2.19B | 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
Neutral
60.05
Price Trends
51.41
Positive
51.36
Positive
62.34
Negative
Market Momentum
0.93
Positive
47.09
Neutral
19.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OILCOUNTUB, the sentiment is Neutral. The current price of 60.05 is above the 20-day moving average (MA) of 59.75, above the 50-day MA of 51.41, and below the 200-day MA of 62.34, indicating a neutral trend. The MACD of 0.93 indicates Positive momentum. The RSI at 47.09 is Neutral, neither overbought nor oversold. The STOCH value of 19.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:OILCOUNTUB.
Oil Country Tubular Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹18.30B | 6.35 | ― | 0.18% | 20.37% | -2.44% | |
75 Outperform | ₹4.68B | 15.61 | ― | 0.89% | 7.63% | 27.22% | |
73 Outperform | ₹41.44B | 14.25 | ― | ― | 46.12% | 180.51% | |
70 Outperform | ₹29.99B | 15.31 | ― | 0.67% | 54.60% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
45 Neutral | ₹2.95B | -3.08 | ― | ― | -42.97% | -65.04% | |
39 Underperform | ₹986.96M | 0.97 | ― | ― | -14.31% | 18.47% |
* Energy Sector Average
IN:OILCOUNTUB
Oil Country Tubular Limited
55.96
-13.02
-18.88%
IN:ABAN
Aban Offshore Limited
16.91
-27.27
-61.72%
IN:DEEPINDS
Deep Industries Limited
459.25
38.93
9.26%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
622.00
-59.42
-8.72%
IN:SEAMECLTD
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1,594.85
647.75
68.39%
IN:UNIDT
United Drilling Tools Limited
237.30
39.42
19.92%
Oil Country Tubular Limited Corporate Events
Oil Country Tubular posts clean FY26 results, appoints veteran insider as CFO
May 21, 2026
Oil Country Tubular Limited reported its audited standalone financial results for the quarter and year ended March 31, 2026, prepared under Indian Accounting Standards, with the statutory auditors issuing an unmodified opinion that underscores the...
Oil Country Tubular Clears FY26 Results With Clean Audit, Names New CFO
May 21, 2026
Oil Country Tubular Limited’s board has approved the audited standalone financial results for the quarter and year ended March 31, 2026, prepared under Indian Accounting Standards, with the statutory auditors issuing an unmodified opinion, s...
Oil Country Tubular posts clean FY26 results and appoints new CFO
May 21, 2026
Oil Country Tubular Limited’s board has approved the audited standalone financial results for the quarter and year ended 31 March 2026, prepared under Indian Accounting Standards, with the statutory auditors issuing an unmodified opinion. 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.