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OIL INDIA LTD

Oil Gas & Consumable Fuels › Oil·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+9
₹446.90
at close · 28 Oct 2026
▼ 10.45 (-2.28%)

Latest filings

Next results: Thu, 12 Nov · Financial Results/Dividend
  1. Trading window closed until 14 November 2026 · Compliance
  2. Oil India board to review Q2 and half-year results on 12 November 2026 · Results
  3. Oil India reports natural gas discovery in shallow offshore Krishna Godavari block · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Explores for and produces crude oil and natural gas in India. Crude oil (including condensate) generated 30.4% of FY26 segment revenue and natural gas 11.8%, while subsidiary Numaligarh Refinery Ltd (NRL) accounted for the largest share at 55.3% from refined petroleum products. Crude output hit a record 82,222 barrels per day in April-May 2026, and FY26 oil-and-gas production was 6.64 MMT oil-equivalent on 74 wells drilled and 307 workover operations, with gas targeted to rise from 8 to 13 MMSCMD by FY28 as the Duliajan feeder line and DNPL pipeline commission. NRL is being expanded from 3 MMT to 9 MMT capacity, with first products due end-July 2026 and full commissioning by March 2027. A small pipeline transportation business (2.0% of segment revenue) carries crude; LPG (0.3%) and renewable energy (0.2%) are minor streams. Alongside upstream, the company is pursuing offshore exploration in Kerala-Konkan, Andaman and KG basins with TotalEnergies, its Mozambique LNG stake (two trains, 13 MMTPA, targeted end-2028/early-2029), 25 compressed biogas plants by 2030, and 500 CNG stations plus 1.4 million PNG connections by 2030-35. Materials made up 17.2% of revenue, other operating costs 47.4%, and depreciation 7.3%.

Revenue mix · reported segments
REFINERY PRODUCTS55.3%
CRUDE OIL (Including Condensate)30.4%
NATURAL GAS11.8%
PIPELINE TRANSPORTATION2.0%
LPG0.3%
RENEWABLE ENERGY0.2%
Operating scale
Crude oil production
82,222 bbl/dayApril-May 2026
FY26 oil-and-gas production
6.64 MMT oil-equivalentFY26
Wells drilled in FY26
74 (22 exploratory + 52 development)FY26
Reserve replacement ratio
1.20 (up from 0.94)FY26
NRL refining capacity expansion
3 MMT to 9 MMT (first products end-July 2026, full commissioning March 2027)FY27
Gas production target
8 to 13 MMSCMD by FY28FY28
Who pays it
Crude sold to domestic refiners under government pricing; gas supplied to fertiliser, power and city gas distributors; refined products distributed through NRL's wholesale and retail channels.
Biggest cost
Other operating expenses at 47.4% of revenue, covering upstream production, processing and transportation costs.
Kind of business
Asset-heavy upstream oil & gas producer with growing downstream refining and pipeline footprint, diversifying into renewables and biogas.
Where it sits
Indian state-owned Maharatna CPSE under the Ministry of Petroleum & Natural Gas, classified in the Oil Exploration & Production industry.
Market Cap
₹72,693 Cr
P / E (TTM)
8.7×
EV / EBITDA
6.7×
Div Yield
3.10%
Growth
10.5%▲
Revenue 5y CAGR
PAT +12.7% · EBITDA +14.3%
Quality
12.0%▲
ROCE (5y median)
ROE 13.3% (5y median) · margin 33.4%
Leverage
0.56·
Debt / Equity · moderate
Net debt ₹34,636 Cr
Revenue FY21→FY26
1.6×▲
Margin +2.0 pts
₹22,498 Cr → ₹37,050 Cr
Cash conversion
1.41×▲
Operating cash ÷ profit · 5 yrs
₹53,669 Cr on ₹38,144 Cr
Moves on a normal day
1.05%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 16 Oil peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/15
P/B#6/15
ROCE#8/17
ROE#5/16
Debt / Equity#15/16
EBITDA margin#4/15
Revenue growth#7/15
Profit growth#6/16

Scorecard

Measured from the filed financials, judged against its Oil peers · as of FY26 — not investment advice

Strengths
Profit compounding 13% a year over 5 years
Over 5 years it reported ₹38,144 Cr of profit and ₹53,669 Cr of operating cash — 1.41×
Profit is converting into cash
Pays out 30% of profit as dividend
Concerns
Carries more debt than its peers — 0.56× equity
higher than 93% of its 16 Oil peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from OIL INDIA LTD's filed financials and exchange disclosures

What does OIL INDIA LTD do?

OIL INDIA LTD is a Oil company listed on NSE and BSE, trading under the symbol OIL.

Is OIL INDIA LTD profitable?

Yes. Over the trailing twelve months OIL INDIA LTD reported a net profit of ₹9,531 Cr on revenue of ₹41,186 Cr.

Does OIL INDIA LTD pay a dividend?

Yes. The dividend yield is 3.10% at the current price. It paid out 30% of its profit as dividend in FY26.

Is OIL INDIA LTD debt-free?

No. It reported borrowings of ₹35,959 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹34,636 Cr after cash. Debt stands at 0.56× equity. That is higher than 93% of its 16 Oil peers.

Is OIL INDIA LTD expensive compared with its peers?

On trailing P/E, OIL INDIA LTD ranks 3 of 15 in Oil — cheaper than 86% of them, against an industry median of 21.8×. This is a position, not a valuation judgement.

How much does the OIL INDIA LTD share price move in a day?

On a typical session OIL INDIA LTD moves 1.05% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are OIL INDIA LTD's next results?

Financial Results/Dividend on Thu, 12 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track OIL INDIA LTD's announcements?

Every NSE and BSE filing by OIL INDIA LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.