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Swing Capital

Oil India Ltd

NSE: OIL BSE: 533106Logistics

Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.[1]

₹506
52W: ₹385 — ₹531
PE 18.4 · Book ₹298 · +70% vs book
Market Cap₹82,241 Cr
Stock P/E18.4Price to Earnings
ROCE10.5%Return on Capital
ROE9.48%Return on Equity
Div. Yield2.28%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 33.6%

Weaknesses

  • −Company has a low return on equity of 13.8% over last 3 years.
  • −Earnings include an other income of Rs.2,693 Cr.

Shareholding Pattern

Promoters56.66%
FIIs7.67%
DIIs19.43%
Public6.36%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%
FIIs9.34%10.58%▲1.29.42%▼1.28.51%▼0.98.16%▼0.37.56%▼0.67.54%▼0.07.67%▲0.1
DIIs17.91%16.43%▼1.517.26%▲0.818.31%▲1.018.41%▲0.119.21%▲0.819.44%▲0.219.43%▼0.0
Public6.23%6.46%▲0.26.81%▲0.36.67%▼0.16.91%▲0.26.69%▼0.26.5%▼0.26.36%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales5,3245,5275,3325,2465,2405,5195,0125,4574,9165,961
Expenses3,2183,1922,8663,0633,1073,5353,4064,1323,6084,140
Operating Profit2,1062,3362,4662,1832,1331,9841,6061,3251,3081,821
OPM %40%42%46%42%41%36%32%24%27%31%
Net Profit1,5842,0291,4671,8341,2221,5918131,0448081,790
EPS ₹9.7412.479.0211.287.519.7856.424.9711

AI Insights

Revenue Trend

Mar 2026 revenue at ₹21,346Cr, up 4% YoY. OPM at 28%.

Debt Position

Borrowings at ₹14,747Cr. Debt-to-equity ratio: 0.31x. Healthy balance sheet.

Capex Cycle

CWIP at ₹3,445Cr (15% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 19.43% (+3.07pp change). FIIs: 7.67% (-3.36pp change). Promoters hold 56.66%.

Margin & Efficiency

ROCE declining from 13% (Mar 2015) to 10% (Mar 2026). Working capital days: -20.

Valuation

PE 18.4x with 10.5% ROCE. Price is 70% above book value of ₹298. Dividend yield: 2.28%.

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