Oil India Ltd
NSE: OIL · Oil Exploration & Production · sector
₹454.90NSE close 2026-10-26
Key numbers
Market cap₹73,994 cr
Price₹454.90
52w high / low₹531 / ₹396
P/E8.9xSector median 48.2x
P/B1.3xSector median 3.8x
Book value₹356.6
Dividend yield3.05%Sector median 4.48%
ROE15.5%Sector median 11.4%
ROCE14.0%Sector median 10.4%
OPM33.7%Sector median 23.8%
Debt / equity0.62xSector median 0.22x
EV/EBITDA7.5xSector median 19.2x
Interest cover10.0x
Current ratio1.09x
Sales growth 3y-3.4%Sector median -1.1%
Profit growth 3y-8.8%Sector median -1.7%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Oil Exploration & Production (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6,045 cr vs borrowings ₹35,959 cr (FY26): borrowings are higher by ₹29,913 cr.
- Borrowings rose in each of the last 3 years (₹18,549 cr → ₹35,959 cr).
- Operating profit covered interest 10.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 24% of net profit in the last 12 months.
- Debtor days went from 34 (FY24) to 45 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹454.90 on 2026-10-26: -14.3% from the 52-week high, +15.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹582.05 · low ₹341.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,136 | 9,089 | 9,588 | 8,750 | 9,175 | 9,111 | 10,013 | 12,886 |
| EBITDA | 2,536 | 2,678 | 2,860 | 2,351 | 2,303 | 2,510 | 3,281 | 5,793 |
| OPM % | 31.2% | 29.5% | 29.8% | 26.9% | 25.1% | 27.5% | 32.8% | 45.0% |
| Other income | 751 | 302 | 382 | 256 | 517 | 657 | 502 | 350 |
| Net profit | 2,016 | 1,339 | 1,310 | 1,896 | 1,429 | 1,195 | 2,100 | 3,630 |
| EPS (₹) | 12.40 | 8.23 | 8.05 | 11.66 | 8.78 | 7.35 | 12.91 | 22.32 |
| Revenue YoY | +12.8% | +0.2% | +4.4% | +47.3% | ||||
| Profit YoY | -29.1% | -10.7% | +60.3% | +91.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 30,011 | 41,039 | 36,304 | 36,164 | 37,050 | 41,186 |
| EBITDA | 10,500 | 15,268 | 10,139 | 11,216 | 10,446 | 13,887 |
| Net profit | 5,622 | 8,729 | 6,335 | 6,551 | 6,620 | 8,353 |
| EPS (₹) | 34.56 | 53.66 | 38.95 | 40.27 | 40.70 | 51.36 |
| Revenue growth | +36.7% | -11.5% | -0.4% | +2.4% | +15.8% | |
| Profit growth | +55.3% | -27.4% | +3.4% | +1.1% | +27.3% | |
| Dividend / share (₹) | 10.75 | 19.50 | 17.50 | 12.50 | 12.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -3.4% | +10.5% | +15.8% |
| Net profit | -8.8% | +13.4% | +27.3% |
| EPS | -8.8% | +13.4% | – |
| Share price | – | -7.4% (2y) | +11.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 38,481 | 48,339 | 49,768 | 57,998 |
| Borrowings | – | 18,549 | 23,640 | 29,816 | 35,959 |
| Cash & equivalents | – | 3,900 | 6,896 | 7,841 | 6,045 |
| Total assets | – | 73,883 | 92,153 | 1,04,445 | 1,23,848 |
| Fixed assets | – | 16,754 | 18,600 | 20,174 | 23,301 |
| Capital work in progress | – | 11,953 | 20,028 | 32,009 | 41,539 |
| Investments | – | 0 | 0 | 10,733 | 11,331 |
| Receivables | – | 2,400 | 3,333 | 3,282 | 4,523 |
| Inventory | – | 5,114 | 4,486 | 5,044 | 5,476 |
| Payables | – | 1,835 | 1,711 | 2,306 | 3,358 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 9,310 | 11,410 | 10,933 | 11,332 | 10,684 |
| Cash from investing | -4,193 | -9,131 | -12,601 | -13,514 | -10,381 |
| Cash from financing | -5,615 | -2,521 | 1,637 | 2,483 | 409 |
| Capex | 5,968 | 8,525 | 12,063 | 12,969 | 0 |
| Free cash flow | 3,342 | 2,886 | -1,130 | -1,637 | 10,684 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 22.7% | 13.1% | 13.2% | 11.4% |
| ROCE % | – | 24.6% | 13.0% | 13.3% | 10.3% |
| Debtor days | – | 21 | 34 | 33 | 45 |
| Inventory days | – | 231 | 221 | 246 | 301 |
| Payable days | – | 83 | 84 | 112 | 184 |
| Cash conversion cycle (days) | – | 169 | 171 | 167 | 162 |
| Working capital days | – | 51 | 24 | 35 | 15 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.66% |
| FIIs | 7.14% |
| DIIs | 20.67% |
| of which Mutual funds | 8.03% |
| of which Insurance | 11.14% |
| Government | 9.87% |
| Public (non-institutions) | 5.67% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% |
| Promoter group | % |
|---|---|
| President of India | 56.66% |
| Indian Oil Corporation Limited | 4.93% |
| Bharat Petroleum Corporation Ltd | 2.47% |
| Hindustan Petroleum Corporation Limited | 2.47% |
| Public holders above 1% | % |
|---|---|
| Lici NEW Pension Plus Growth Fund | 9.40% |
| ICICI Prudential Aggressive Hybrid Fund | 1.48% |
| NPS Trust A/C UTI Pension Fund Limited-scheme Atal | 1.42% |
| DSP Flexi CAP Fund | 1.26% |
| Nippon Life India Trustee Ltd-a/c Nippon India ARB | 1.00% |
4,31,135 shareholders. Pledged: 0.00% of promoter shares.
Peers in Oil Exploration & Production
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ONGC | ₹2,87,384 cr | 6.6x | 0.8x | 12.2% | 13.2% | 13.2% | -1.1% | 5.91% |
| OIL | ₹73,994 cr | 8.9x | 1.3x | 15.5% | 14.0% | 33.7% | -3.4% | 3.05% |
| VOGL | ₹5,453 cr | – | – | – | -64.3% | -27.9% | – | – |
| ANTELOPUS | ₹4,180 cr | 31.5x | 6.4x | 23.6% | 27.1% | 59.5% | +33.2% | – |
| PRABHA | ₹2,620 cr | 2,034.1x | 6.0x | 0.2% | 0.2% | -1.1% | – | – |
| HINDOILEXP | ₹2,133 cr | 84.9x | 1.5x | 1.9% | 2.2% | 23.8% | -22.2% | – |
| GNRL | ₹1,344 cr | 64.9x | 6.5x | 10.7% | 10.4% | 67.5% | +352.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| REFINERY PRODUCTS | ₹26,393 cr | 55.3% | ₹3,900 cr | 14.8% |
| CRUDE OIL (Including Condensate) | ₹14,496 cr | 30.4% | ₹4,296 cr | 29.6% |
| NATURAL GAS | ₹5,637 cr | 11.8% | ₹1,568 cr | 27.8% |
| PIPELINE TRANSPORTATION | ₹936 cr | 2.0% | ₹392 cr | 41.9% |
| LPG | ₹166 cr | 0.3% | ₹97 cr | 58.4% |
| RENEWABLE ENERGY | ₹111 cr | 0.2% | ₹21 cr | 18.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Re 1 Per Share |
| 2026-02-18 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2025-11-21 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-02-17 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2024-11-14 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2024-08-30 | Dividend | Dividend - Rs 2.50 Per Sh |
| 2024-07-02 | Bonus | Bonus 1:2 |
| 2024-03-18 | Dividend | Interim Dividend - Rs 8.50 Per Share |
| 2023-11-22 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2023-08-25 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2023-02-22 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2022-11-21 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2022-02-22 | Dividend | Interim Dividend - Rs 5.75 Per Sh |
| 2021-11-23 | Dividend | Interim Dividend - Rs 3.50 Per Sh |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2021-02-23 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2020-09-21 | Dividend | Annual General Meeting/Dividend - Rs 1.60 Per Share |
| 2020-02-20 | Dividend | Interim Dividend - Rs 9 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Exploration & Production: Exploration and Production of Crude oil and Natural gas
| Sector | Energy |
| Industry | Oil Exploration & Production |
| Sub-industry | Oil Exploration & Production |
| Symbol | OIL |
| BSE code | 533106 |
| ISIN | INE274J01014 |
| Face value | ₹10.0 |
| Incorporated | 1959-02-18 |
| Website | www.oil-india.com |
| Plants (India / abroad) | 151 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.