As of 6 Nov 2026, Oil India trades at 8.6× trailing earnings, below the industry P/E of 18.7×, and the shares are 16% below their 52-week high. It earns ROCE of 10.0% and ROE of 12%, and sales and net profit fell 2.0% and 8.8% a year over 3 years. Its dividend yield is 2.6%, and debt is 0.59× equity. It is a mid-cap company with a market cap of ₹72,205 Cr, ranked 8th of 57 Oil & Gas Integrated companies by market cap; the shares rose 1.9% over the past year.
- ₹441.95
- ₹443.90
- ₹434.40
- ₹439.75
- 24.6 L
Health check
- ReturnsAhead
+1.9% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 8.6 vs industry 18.7.
- GrowthShrinking
Sales −2.0%, profit −8.8% a year over 3 years.
- ProfitabilityWeak
ROCE 10.0% vs peer median 19.6%.
- Balance sheetFair
Debt 0.59× equity, interest covered 10.3×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Mid cap
Defensive
Key metrics
- Market cap
- ₹72,205 Cr
- Mid cap
- P/E
- 8.6
- Industry 18.7
- Price to book
- 1.24
- Peers 1.35
- Dividend yield
- 2.59%
- ROE
- 12.3%
- Peers 13.6%
- ROCE
- 10.0%
- Peers 19.6%
- Debt to equity
- 0.59
- Debt ₹37,478 Cr
- EPS (TTM)
- ₹51.36
- Face value ₹10
- OPM (TTM)
- 28.8%
- Net margin 21.7%
- Sales growth
- +57.7%
- Latest quarter vs a year ago
- Profit growth
- +91.4%
- Latest quarter vs a year ago
- Price to sales
- 1.87
- EV/EBITDA 6.6
Strengths and risks
Strengths
- Dividend yield of 2.59%.
- Quarterly profit up 91.4% on a year ago.
- Quarterly sales up 57.7% on a year ago.
- Net margin of 21.7%.
- P/E of 8.6 against an industry P/E of 18.7.
About Oil India
Oil India Limited engages in the exploration, development, and production of crude oil and natural gas in India. It operates through Crude Oil, Natural Gas, LPG, Pipeline Transportation, Renewable Energy, and Others segments. The company owns and operates crude oil trunk pipeline comprising an area of 1,157 kilometers; and drilling rigs and workover rigs. It is also involved in the transportation of crude oil and natural gas; and production of Liquefied…
- Headquarters
- Noida
- Employees
- 6,593
- Sector
- Energy
- ISIN
- INE274J01014
- Website
- oil-india.com
Price range
- Avg volume (3M)
- 22.2 L
- 1-year return
- plus 1.9%
- From 52-week high
- minus 16.4%
Analyst consensus
Next results expected around 12 Nov 2026
Peers · Oil & Gas Integrated
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCEReliance Industries | 1,320.00 | plus 0.50% | 17,86,286 | 21.8 | 10.7 | 9.0% | 11.2% | 0.44 | 6.4% | minus 10.8% |
| ONGCOil & Natural Gas Corporation | 231.76 | plus 0.77% | 2,91,561 | 5.9 | 3.6 | 12.6% | 17.7% | 0.43 | −1.3% | minus 8.9% |
| COALINDIACoal India | 400.00 | plus 1.45% | 2,46,509 | 7.4 | 4.8 | 19.6% | 19.5% | 0.12 | 9.3% | plus 4.4% |
| IOCIndian Oil Corporation | 146.25 | plus 1.21% | 2,06,523 | 4.3 | 3.8 | 20.5% | 7.3% | 0.58 | −2.2% | minus 14.6% |
| BPCLBharat Petroleum Corporation | 319.90 | plus 0.88% | 1,38,789 | 8.7 | 3.8 | 26.4% | 3.4% | 0.62 | −1.2% | minus 15.0% |
| GAILGAIL (India) | 185.79 | minus 0.11% | 1,22,158 | 9.7 | 12.8 | 9.1% | 11.6% | 0.25 | −0.9% | plus 2.4% |
| HINDPETROHindustan Petroleum Corporation | 387.15 | plus 1.87% | 82,379 | 57.4 | 4.2 | 23.3% | 1.2% | 1.40 | 0.2% | minus 21.6% |
| OILOil India | 443.90 | plus 0.94% | 72,205 | 8.6 | 7.1 | 10.0% | 28.8% | 0.59 | −2.0% | plus 1.9% |
| Median of 7 peers | – | 0.88% | 2,06,523 | 8.7 | 4.2 | 19.6% | 11.2% | 0.44 | −0.9% | −10.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 7,929 | 8,394 | 8,330 | 9,293 | 12,503 | |
| 6,205 | 6,762 | 6,534 | 6,712 | 7,409 | |
| 1,724 | 1,632 | 1,796 | 2,582 | 5,095 | |
| 21.7% | 19.4% | 21.6% | 27.8% | 40.7% | |
| 980 | 721 | 433 | 919 | 530 | |
| 199 | 305 | 319 | 381 | 302 | |
| 2,505 | 2,048 | 1,910 | 3,119 | 5,322 | |
| 18.3% | 19.7% | 24.8% | 22.3% | 24.3% | |
| 1,896 | 1,429 | 1,195 | 2,100 | 3,630 | |
| 11.66 | 8.78 | 7.35 | 12.91 | 22.32 |
Profit & loss
- Sales CAGR 3Y
- −2.0%
- Profit CAGR 3Y
- −8.8%
- EPS CAGR 3Y
- +4.4%
- ROE
- 12.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 36,084 | 32,466 | 32,510 | 33,943 | |
| – | minus 10.0% | +0.1% | +4.4% | |
| 19,352 | 18,339 | 19,114 | 19,299 | |
| 16,732 | 14,127 | 13,396 | 14,645 | |
| 46.4% | 43.5% | 41.2% | 43.1% | |
| −75.8 | 1,442 | 1,239 | 1,932 | |
| 814 | 916 | 966 | 1,032 | |
| 1,947 | 2,129 | 2,318 | 2,712 | |
| −752 | −3,678 | −1,914 | −3,252 | |
| 13,144 | 8,846 | 9,436 | 9,582 | |
| 25.0% | 21.1% | 25.4% | 21.2% | |
| 8,729 | 6,335 | 6,551 | 6,620 | |
| – | minus 27.4% | +3.4% | +1.1% | |
| 53.66 | 38.95 | 40.27 | 40.70 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,084 | 1,084 | 1,627 | 1,627 | |
| 37,397 | 47,255 | 48,141 | 56,372 | |
| 18,832 | 24,041 | 30,645 | 37,478 | |
| 16,570 | 19,773 | 24,032 | 28,372 | |
| 73,883 | 92,153 | 1,04,445 | 1,23,848 | |
| 30,455 | 40,514 | 52,736 | 65,299 | |
| 12,651 | 20,600 | 30,078 | 38,103 | |
| 6,756 | 13,573 | 10,733 | 11,331 | |
| 3,851 | 6,796 | 8,849 | 5,973 | |
| 20,170 | 10,670 | 2,049 | 3,142 | |
| 73,883 | 92,153 | 1,04,445 | 1,23,848 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11,410 | 10,933 | 11,332 | 10,684 | |
| −9,131 | −12,601 | −13,514 | −10,381 | |
| −2,521 | 1,637 | 2,483 | 409 | |
| −242 | −30.9 | 301 | 711 | |
| −8,525 | −12,063 | −12,969 | −13,171 | |
| 2,886 | −1,130 | −1,637 | −2,487 | |
| −2,494 | −2,104 | −2,109 | −2,256 |
Shareholding pattern
- Promoters56.66%
- Public43.34%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 56.66% | 43.34% | 0.00 | |
| 30 Jun 2026 | 56.66% | 43.34% | 0.00 | |
| 31 Mar 2026 | 56.66% | 43.34% | 0.00 | |
| 31 Dec 2025 | 56.66% | 43.34% | 0.00 | |
| 30 Sep 2025 | 56.66% | 43.34% | – |
Major shareholders
Filings & events
News
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