TickerSutra

NSE: OIL · BSE: 533106 · ISIN INE274J01014

Oil India Limited stock analysis

Oil India Limited ranks #698 in the TickerSutra evidence-ranked universe with a score of 61/100 and 95% data confidence. The latest captured fundamentals show ROCE of 11.5%, quarterly sales growth of 57.7% and quarterly profit growth of 91.4%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE61/100

Monitor only

#698 of 5,430 ranked equities
Market capitalisation₹80,881.95cr
ROCE11.5%
Quarterly sales growth57.7%
Quarterly profit growth91.4%
P/E ratio9.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 1.02×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹25,906cr₹10,500cr₹6,719cr41.0%
2023₹36,084cr₹15,255cr₹9,854cr42.0%
2024₹31,749cr₹12,504cr₹6,980cr39.0%
2025₹31,703cr₹11,158cr₹7,040cr35.0%
2026₹33,081cr₹10,446cr₹7,551cr32.0%
TTM₹38,521cr₹13,664cr₹9,531cr35.0%
Debt / equity0.65×
CFO / EBITDA1.02×
Operating margin35.0%
Free cash flow₹2,126cr
Sales CAGR · 3Y-2.9%
Profit CAGR · 3Y-8.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts8 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 12 mentions
Positive catalyst

And after the PNGRB approval is done, it takes 18 months' time, and we have already planned our drilling program in a manner that we will be able to evacuate. As far as the Duliajan-Numaligarh dedicated pipeline is concerned, current capacity is 1 million and we -- the planned capacity expansion is about 2.5 and the commissioning process is underway right now. We are hopeful that by April of 2026, that pipeline will

Pricing commentaryModerate severity · 11 mentions
Caution

For the 9 months ended 31st of December 2025, the average crude oil price realization was $65.73 per barrel vis-a-vis $79.35 per barrel in the previous 9 months. 17.16% decline in the crude oil price realization is the major driver in decline of our operating revenues during the period of the quarter as well as the 9 months. The natural gas price stood at $6.65 per MMBtu in Q3 of FY '26 vis-a-vis $6.56 per MMBtu in Q

Regulatory updatesModerate severity · 31 mentions
Constructive

The study also evaluated the establishment of a greenfield Condensate Recovery Plant to maximise hydrocarbon recovery and optimise resource utilisation. The recommendations of the DPR will provide a roadmap for phased infrastructure modernisation, enhanced operational efficiency, improved regulatory compliance and sustainable production growth. • Gap Analysis for Production Optimisation in Mature Fields: As part of i

Regulatory approvalModerate severity · 10 mentions
Watch

Ranjit Rath: I think there is some disturbance. The Duliajan feeder line is just waiting to be approved by the government once the authorization is communicated to IGGL, that is Indradhanush Gas Grid Limited. It will take about 18 months because it does not entail any major river crossing.

Institutional interestLow severity · 3 mentions
Positive catalyst

As on 31st March, 2026, the Paid-up Equity Share Capital was ` 1,626.61 crore, comprising 162.66 crore equity shares of ` 10 each. The Government of India, the Promoter of the Company, held 56.66% of the Paid-up Equity Share Capital, while the remaining 43.34% was held by public shareholders and other investors, including bodies corporate, mutual funds, banks, foreign portfolio investors, resident individuals and oth

Capacity commissioningLow severity · 1 mention
Watch

The 2G bio-ethanol plant was inaugurated by Hon’ble Prime Minister of India in September 2025. The plant is currently in its stabilisation phase and is expected to commence commercial production during the current financial year. 105 The Company also has Participating Interests as non- operator in 07 Blocks (01 NELP Block each in West Bengal & Gujarat-Kutch shallow offshore, 01 OALP Block each in Gujarat, Meghalaya &

Management confidenceLow severity · 1 mention
Watch

The best part of crude oil, you have appreciated, evacuation is easy. Therefore, we are confident that we will be able to maintain the outlook that we have aspired to. Moderator: Next question is from the line of Sabri Hazarika from Emkay Global Financial Service.

MANAGEMENT PROMISE LEDGER

Quantified statements on the clock

CapacityTracking

“And after the PNGRB approval is done, it takes 18 months' time, and we have already planned our drilling program in a manner that we will be able to evacuate. As far as the Duliajan-Numaligarh dedicated pipeline is concerned, current capacity is 1 million and we -- the planned capacity expansion is about 2.5 and the commissioning process is underway right now. We are hopeful that by April of 2026, that pipeline will”

Open the full Promise Ledger

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Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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