OIL

Oil India Limited

State-owned upstream oil and gas — exploration, development and production

Energy›Oil, Gas & Consumable Fuels›Oil›Oil Exploration & Production

oil-india.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹445.00
Market cap
72,384 Cr
Stock P/E
8.7
P/B
1.25
Dividend yield
3.1%
ROE (FY26)
10.4%
ROCE (FY26)
10.8%
Operating margin (FY26)
20.9%
Debt / equity (FY26)
0.62
OCF / EBITDA (FY26)
102.3%
OCF / EBITDA (3Y)
96.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Oil India finds and produces crude oil and natural gas, mainly in Assam and the north-east, and sells them along with a growing refining arm through its subsidiary Numaligarh Refinery.

Company snapshot

2ndBy market cap

Ranked among 5 companies in Oil Exploration & Production.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 71.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Crude Oil
71.4%
11,845 Cr4,634 Cr—
LPG
0.8%
126 Cr74 Cr—
Natural Gas
24.9%
4,131 Cr2,010 Cr—
Pipeline Transportation
2.5%
408 Cr-52 Cr—
Renewable Energy
0.5%
89 Cr17 Cr—

What we see

Positives
  • ✓Net margin of 20.4% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales8,816 Cr10,913 Cr10,166 Cr9,351 Cr8,136 Cr9,089 Cr9,588 Cr8,750 Cr9,175 Cr9,111 Cr10,013 Cr12,886 Cr
Operating expenses (approx.)5,293 Cr7,469 Cr6,905 Cr6,209 Cr5,600 Cr6,411 Cr6,727 Cr6,399 Cr6,872 Cr6,601 Cr6,732 Cr7,093 Cr
EBITDA3,523 Cr3,443 Cr3,261 Cr3,142 Cr2,536 Cr2,678 Cr2,860 Cr2,351 Cr2,303 Cr2,510 Cr3,281 Cr5,793 Cr
OPM %40.0%31.6%32.1%33.6%31.2%29.5%29.8%26.9%25.1%27.5%32.8%45.0%
Other income384 Cr580 Cr209 Cr231 Cr751 Cr302 Cr382 Cr256 Cr517 Cr657 Cr502 Cr350 Cr
Interest279 Cr236 Cr234 Cr242 Cr280 Cr304 Cr244 Cr199 Cr305 Cr319 Cr381 Cr302 Cr
Depreciation499 Cr576 Cr576 Cr553 Cr608 Cr624 Cr533 Cr627 Cr671 Cr715 Cr699 Cr698 Cr
Profit before tax708 Cr3,266 Cr3,028 Cr2,701 Cr2,626 Cr1,917 Cr2,193 Cr2,505 Cr2,048 Cr1,910 Cr3,119 Cr5,322 Cr
Tax %9.5%20.2%23.0%25.4%21.2%24.0%31.7%18.3%19.7%24.8%22.3%24.3%
Net profit640 Cr2,608 Cr2,333 Cr2,016 Cr2,069 Cr1,457 Cr1,497 Cr2,047 Cr1,644 Cr1,436 Cr2,424 Cr4,027 Cr
EPS (₹)₹3.87₹21.65₹19.74₹11.59₹12.40₹8.23₹8.05₹11.66₹8.78₹7.35₹12.91₹22.32

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,566 Cr10,698 Cr13,780 Cr12,167 Cr22,498 Cr30,011 Cr41,039 Cr36,304 Cr36,164 Cr37,050 CrSign in free for the trailing twelve months
Operating expenses (approx.)6,446 Cr6,770 Cr8,190 Cr8,953 Cr16,796 Cr19,511 Cr25,771 Cr23,799 Cr24,947 Cr26,604 CrSign in free for the trailing twelve months
EBITDA3,120 Cr3,928 Cr5,591 Cr3,214 Cr5,702 Cr10,500 Cr15,268 Cr12,504 Cr11,216 Cr10,446 CrSign in free for the trailing twelve months
OPM %32.6%36.7%40.6%26.4%25.3%35.0%37.2%34.4%31.0%28.2%Sign in free for the trailing twelve months
Other income1,420 Cr1,010 Cr1,127 Cr1,151 Cr1,092 Cr1,143 Cr719 Cr1,343 Cr1,666 Cr1,931 CrSign in free for the trailing twelve months
Interest441 Cr554 Cr624 Cr645 Cr660 Cr940 Cr901 Cr964 Cr1,069 Cr1,204 CrSign in free for the trailing twelve months
Depreciation1,180 Cr1,327 Cr1,541 Cr1,537 Cr1,844 Cr1,824 Cr1,947 Cr2,129 Cr2,318 Cr2,712 CrSign in free for the trailing twelve months
Profit before tax2,292 Cr3,859 Cr4,677 Cr3,501 Cr4,369 Cr8,990 Cr13,144 Cr8,846 Cr9,436 Cr9,582 CrSign in free for the trailing twelve months
Tax %30.3%29.1%30.8%-9.0%5.1%25.3%25.0%21.1%25.4%21.2%Sign in free for the trailing twelve months
Net profit1,597 Cr2,735 Cr3,238 Cr3,816 Cr4,146 Cr6,719 Cr9,854 Cr6,980 Cr7,040 Cr7,551 CrSign in free for the trailing twelve months
EPS (₹)₹13.53₹23.90₹28.60₹35.19₹32.53₹51.84₹80.49₹58.42₹40.27₹40.70Sign in free for the trailing twelve months
Dividend payout %————62.6%20.6%25.3%30.1%30.0%29.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital802 Cr757 Cr1,084 Cr1,084 Cr1,084 Cr1,084 Cr1,084 Cr1,084 Cr1,627 Cr1,627 Cr
Reserves28,718 Cr28,273 Cr27,890 Cr27,764 Cr22,582 Cr29,478 Cr37,397 Cr47,255 Cr48,141 Cr56,372 Cr
Borrowings14,184 Cr10,691 Cr10,757 Cr12,670 Cr19,406 Cr16,439 Cr18,549 Cr23,640 Cr29,816 Cr35,959 Cr
Other liabilities7,531 Cr8,914 Cr12,701 Cr9,925 Cr10,998 Cr11,203 Cr13,482 Cr15,887 Cr19,923 Cr24,087 Cr
Total liabilities51,234 Cr48,634 Cr52,432 Cr51,443 Cr55,214 Cr60,818 Cr73,883 Cr92,153 Cr1,04,445 Cr1,23,848 Cr
Fixed assets (net)8,967 Cr10,570 Cr10,387 Cr10,839 Cr14,401 Cr15,535 Cr16,754 Cr18,600 Cr20,174 Cr23,301 Cr
CWIP1,894 Cr988 Cr3,318 Cr2,025 Cr3,171 Cr5,900 Cr11,953 Cr20,028 Cr32,009 Cr41,539 Cr
Investments27,461 Cr26,657 Cr26,451 Cr26,765 Cr25,436 Cr20,451 Cr21,229 Cr20,939 Cr31,675 Cr36,843 Cr
Loans & advances——222 Cr39 Cr41 Cr44 Cr49 Cr58 Cr67 Cr83 Cr
Inventories1,096 Cr1,078 Cr1,220 Cr1,275 Cr3,222 Cr3,912 Cr5,114 Cr4,486 Cr5,044 Cr5,476 Cr
Trade receivables1,011 Cr1,414 Cr1,318 Cr1,090 Cr1,856 Cr1,750 Cr2,400 Cr3,333 Cr3,282 Cr4,523 Cr
Cash & bank192 Cr204 Cr3,709 Cr596 Cr1,080 Cr592 Cr341 Cr316 Cr613 Cr1,323 Cr
Other assets10,613 Cr7,723 Cr5,809 Cr8,815 Cr6,008 Cr12,634 Cr16,042 Cr24,394 Cr11,580 Cr10,760 Cr
Total assets51,234 Cr48,634 Cr52,432 Cr51,443 Cr55,214 Cr60,818 Cr73,883 Cr92,153 Cr1,04,445 Cr1,23,848 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity3,114 Cr3,933 Cr5,023 Cr5,305 Cr5,244 Cr9,310 Cr11,410 Cr10,933 Cr11,332 Cr10,684 Cr
Cash from investing-6,139 Cr1,460 Cr-584 Cr-2,725 Cr-8,521 Cr-4,193 Cr-9,131 Cr-12,601 Cr-13,514 Cr-10,381 Cr
Cash from financing2,758 Cr-5,700 Cr-940 Cr-5,699 Cr3,702 Cr-5,615 Cr-2,521 Cr1,637 Cr2,483 Cr409 Cr
Net cash flow-267 Cr-307 Cr3,498 Cr-3,119 Cr420 Cr-498 Cr-241 Cr-30 Cr301 Cr711 Cr
Free cash flow (OCF − Capex)248 Cr1,267 Cr2,523 Cr2,496 Cr2,117 Cr3,342 Cr2,886 Cr-1,130 Cr-1,637 Cr10,684 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.3%11.1%13.3%10.0%11.4%20.0%23.3%12.9%12.4%10.8%
ROE %5.4%9.4%11.2%13.2%14.2%16.9%20.9%12.0%12.0%10.4%
Debtor days38483533302121343344
Inventory days42373238333316217278266312
Days payable2219171814413778106122192
Cash conversion cycle58665053219200161206177165
OCF / EBITDA %99.8%100.1%89.8%165.1%92.0%88.7%74.7%87.4%101.0%102.3%
OCF / EBITDA % (3 years)——95.5%112.0%107.3%102.3%82.5%82.7%86.4%96.4%
Debt / equity0.480.370.370.440.820.540.480.490.600.62
Current ratio1.391.941.451.761.021.491.661.171.231.09
Net debt / EBITDA4.48—1.263.763.211.511.191.872.603.32