OILCOUNTUB

Oil Country Tubular Limited

Drill pipe and allied oilfield tubular products and OCTG services

Energy›Oil, Gas & Consumable Fuels›Oil›Oil Equipment & Services

octlindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹79.00
Market cap
411 Cr
Stock P/E
Loss (TTM EPS ₹-13.03)
P/B
2.08
ROE (FY26)
-31.1%
ROCE (FY26)
-28.5%
Operating margin (FY26)
-92.7%
Debt / equity (FY26)
0.13
OCF / EBITDA (FY26)
-92.2%
OCF / EBITDA (3Y)
15.2%

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 Country Tubular (OCT) is a Hyderabad-based company that sells drill pipe and allied products and OCTG (oil country tubular goods) services.

Company snapshot

3rdBy market cap

Ranked among 3 companies in Oil Equipment & Services.

Segment mix

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

Largest segment: 58.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Drill Pipe and Allied Products
41.5%
37 Cr-6 Cr—
OCTG Sales—0 Cr0 Cr—
OCTG Services
58.5%
52 Cr-8 Cr—
Other Sles and Services—0 Cr0 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.13x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
3 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

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

Standalone only

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
Sales0.76 Cr6 Cr11 Cr25 Cr22 Cr41 Cr34 Cr25 Cr10 Cr6 Cr30 Cr17 Cr
Operating expenses (approx.)3 Cr4 Cr8 Cr18 Cr16 Cr24 Cr22 Cr16 Cr12 Cr10 Cr28 Cr16 Cr
EBITDA-3 Cr2 Cr3 Cr7 Cr7 Cr17 Cr12 Cr9 Cr-2 Cr-4 Cr2 Cr1 Cr
OPM %-357.6%32.0%29.9%29.3%29.9%40.8%35.9%35.8%-23.0%-69.8%6.8%6.4%
Other income0.03 Cr0.09 Cr0.91 Cr0.36 Cr0.70 Cr0.75 Cr1 Cr0.49 Cr0.47 Cr0.21 Cr0.55 Cr0.40 Cr
Interest1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr0.35 Cr0.34 Cr0.42 Cr0.16 Cr0.16 Cr0.16 Cr
Depreciation13 Cr23 Cr18 Cr15 Cr16 Cr14 Cr25 Cr17 Cr17 Cr17 Cr18 Cr17 Cr
Profit before tax-17 Cr-22 Cr-16 Cr-9 Cr-10 Cr2 Cr-12 Cr-8 Cr-20 Cr-21 Cr-15 Cr-15 Cr
Tax %12.5%27.5%8.6%-10.5%-32.4%1.6%11.8%-4.8%-9.8%30.6%9.5%0.9%
Net profit-15 Cr-16 Cr-15 Cr-10 Cr-13 Cr2 Cr-11 Cr-9 Cr-22 Cr-15 Cr-14 Cr-15 Cr
EPS (₹)₹-3.35₹-3.65₹-3.31₹-2.21₹-2.97₹0.37₹-2.35₹-1.85₹-4.15₹-3.36₹-2.62₹-2.90

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7 Cr11 Cr25 Cr11 Cr2 Cr0 Cr0.27 Cr18 Cr123 Cr70 CrSign in free for the trailing twelve months
Operating expenses (approx.)25 Cr26 Cr76 Cr35 Cr14 Cr7 Cr14 Cr18 Cr80 Cr66 CrSign in free for the trailing twelve months
EBITDA-18 Cr-15 Cr-51 Cr-24 Cr-12 Cr-7 Cr-14 Cr0.11 Cr43 Cr5 CrSign in free for the trailing twelve months
OPM %-237.9%-130.3%-199.9%-220.5%-518.3%—-5129.5%0.6%35.1%6.5%Sign in free for the trailing twelve months
Other income5 Cr0.59 Cr3 Cr2 Cr3 Cr0.10 Cr142 Cr1 Cr3 Cr2 CrSign in free for the trailing twelve months
Interest18 Cr20 Cr15 Cr19 Cr22 Cr25 Cr12 Cr6 Cr6 Cr1 CrSign in free for the trailing twelve months
Depreciation22 Cr22 Cr21 Cr21 Cr20 Cr19 Cr30 Cr72 Cr70 Cr70 CrSign in free for the trailing twelve months
Profit before tax-105 Cr-55 Cr-85 Cr-62 Cr-51 Cr-51 Cr86 Cr-76 Cr-29 Cr-64 CrSign in free for the trailing twelve months
Tax %14.6%33.1%2.0%-0.3%0.0%0.0%-21.7%7.9%-9.5%4.5%Sign in free for the trailing twelve months
Net profit-89 Cr-37 Cr-83 Cr-62 Cr-51 Cr-51 Cr105 Cr-70 Cr-32 Cr-61 CrSign in free for the trailing twelve months
EPS (₹)₹-19.82₹-8.36₹-18.66₹-13.97₹-11.40₹-11.52₹23.63₹-15.91₹-7.10₹-12.01Sign in free for the trailing twelve months
Dividend payout %——————0.0%———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 capital44 Cr44 Cr44 Cr44 Cr44 Cr44 Cr44 Cr44 Cr48 Cr52 Cr
Reserves113 Cr76 Cr-7 Cr-69 Cr-119 Cr-171 Cr206 Cr150 Cr184 Cr145 Cr
Borrowings141 Cr122 Cr121 Cr124 Cr171 Cr223 Cr66 Cr90 Cr45 Cr25 Cr
Other liabilities58 Cr95 Cr104 Cr122 Cr131 Cr148 Cr181 Cr142 Cr106 Cr91 Cr
Total liabilities356 Cr337 Cr262 Cr222 Cr227 Cr245 Cr497 Cr427 Cr382 Cr314 Cr
Fixed assets (net)237 Cr216 Cr195 Cr174 Cr154 Cr134 Cr452 Cr376 Cr307 Cr242 Cr
CWIP——0 Cr—0 Cr0 Cr0 Cr0 Cr0 Cr0.74 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories98 Cr99 Cr48 Cr39 Cr29 Cr29 Cr39 Cr41 Cr31 Cr35 Cr
Trade receivables1 Cr1 Cr0.80 Cr0.25 Cr2 Cr0.23 Cr0 Cr0.0060 Cr19 Cr12 Cr
Cash & bank0.50 Cr0.18 Cr3 Cr0.03 Cr0.03 Cr0.14 Cr0.26 Cr2 Cr13 Cr8 Cr
Other assets20 Cr21 Cr15 Cr9 Cr43 Cr81 Cr5 Cr8 Cr12 Cr16 Cr
Total assets356 Cr337 Cr262 Cr222 Cr227 Cr245 Cr497 Cr427 Cr382 Cr314 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 activity8 Cr38 Cr20 Cr12 Cr-26 Cr-27 Cr169 Cr-19 Cr30 Cr-4 Cr
Cash from investing0.20 Cr-0.47 Cr0.16 Cr0.11 Cr0.22 Cr0.03 Cr0.0014 Cr2 Cr-0.04 Cr-5 Cr
Cash from financing-8 Cr-38 Cr-17 Cr-15 Cr26 Cr27 Cr-169 Cr18 Cr-19 Cr4 Cr
Net cash flow-0.65 Cr-0.32 Cr3 Cr-3 Cr-0.0022 Cr0.11 Cr0.12 Cr1 Cr12 Cr-5 Cr
Free cash flow (OCF − Capex)8 Cr38 Cr20 Cr12 Cr-26 Cr-27 Cr169 Cr-19 Cr30 Cr-10 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-29.0%-14.7%-43.9%-45.6%-33.1%-27.7%31.0%-24.7%-8.5%-28.5%
ROE %-56.9%-30.8%-221.0%———41.9%-36.2%-13.8%-31.1%
Debtor days5638128313—005764
Inventory days154786343181420264809—5153020782525485
Days payable45361519264145553—503416882123
Cash conversion cycle109994863156118894569—4649619095561526
OCF / EBITDA %———————n.m.70.7%-92.2%
OCF / EBITDA % (3 years)————————619.5%15.2%
Debt / equity0.901.023.21———0.260.460.190.13
Current ratio0.630.570.430.270.380.511.112.152.083.67
Net debt / EBITDA———————833.390.733.66