Oil Country Tubular Share Price & Earnings Call Analysis
- Market cap
- ₹366 Cr
- ROE
- -28.67%
- Price to sales
- 5.82
- Debt to equity
- 0.13
- 52W high / low
- ₹86.2 / ₹37.0
- Sales growth (5Y)
- 99.28%
- EBITDA margin
- -4.91%
- Net profit margin
- -87.72%
- Promoter holding
- 47.23%
- Sales (last year)
- ₹63 Cr
Incorporated in 1985, Oil Country Tubular Ltd manufactures Casing, Tubing and Drill Pipe[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Oil
on management's own guidance
- Deep IndustriesGood growth2
- Asian EnergyGood growth1
- Ganesh Benzopl.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Oil companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Asian Energy | 20–40% | Up 2%+ | ₹2,014 Cr | 25.2 |
| 2 | Deep Industries | 20–40% | Up 0–2% | ₹4,273 Cr | 10.3 |
| 3 | Ganesh Benzopl. | 20–40% | Flat | ₹635 Cr | 9.7 |
| 4 | 10–20% | Flat | ₹2.84L Cr | 6.5 | |
| 5 | 10–20% | Flat | ₹73,848 Cr | 8.8 | |
| 6 | 10–20% | Flat | ₹11,822 Cr | 20.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Oil rankingFinancials of Oil Country
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Oil Country
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 0 | 1 | 6 | 11 | 25 | 22 | 41 | 34 | 25 | 10 | 6 | 30 |
| Expenses + | 3 | 3 | 3 | 4 | 8 | 18 | 16 | 24 | 22 | 16 | 12 | 10 | 28 |
| Operating Profit | -2 | -2 | -3 | 2 | 3 | 7 | 7 | 17 | 12 | 9 | -2 | -4 | 2 |
| OPM % | -1,607% | -1,181% | -357% | 32% | 30% | 29% | 30% | 41% | 36% | 36% | -23% | -70% | 7% |
| Other Income + | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 |
| Interest | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 16 | 18 | 13 | 23 | 18 | 15 | 16 | 14 | 25 | 17 | 17 | 17 | 18 |
| Profit before tax | -20 | -21 | -17 | -22 | -16 | -9 | -10 | 2 | -12 | -8 | -20 | -21 | -15 |
| Tax % | -29% | -12% | -12% | -27% | -9% | 10% | 32% | 2% | -12% | 5% | 10% | -18% | -10% |
| Net Profit + | -14 | -19 | -15 | -16 | -15 | -10 | -13 | 2 | -11 | -9 | -22 | -17 | -14 |
| EPS in Rs | -3.13 | -4.22 | -3.35 | -3.65 | -3.31 | -2.21 | -2.97 | 0.37 | -2.20 | -1.69 | -4.15 | -3.36 | -2.62 |
Financials of Oil Country
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 260 | 152 | 7 | 11 | 25 | 11 | 2 | 0 | 0 | 18 | 123 | 70 |
| Expenses + | 229 | 136 | 25 | 25 | 76 | 35 | 14 | 7 | 14 | 21 | 80 | 66 |
| Operating Profit | 31 | 16 | -18 | -15 | -51 | -24 | -12 | -7 | -14 | -2 | 43 | 5 |
| OPM % | 12% | 11% | -241% | -138% | -200% | -221% | -517% | -5,226% | -14% | 35% | 7% | |
| Other Income + | 3 | 12 | -47 | 1 | 3 | 2 | 3 | 0 | 142 | 4 | 3 | 2 |
| Interest | 16 | 17 | 18 | 20 | 15 | 19 | 22 | 25 | 12 | 6 | 6 | 1 |
| Depreciation | 22 | 23 | 22 | 22 | 21 | 21 | 20 | 19 | 30 | 72 | 70 | 70 |
| Profit before tax | -4 | -12 | -105 | -55 | -85 | -62 | -51 | -51 | 86 | -76 | -29 | -64 |
| Tax % | -44% | -47% | -15% | -33% | -2% | 0% | 0% | 0% | -22% | -8% | 9% | -4% |
| Net Profit + | -2 | -7 | -89 | -37 | -83 | -62 | -51 | -51 | 105 | -70 | -32 | -61 |
| EPS in Rs | -0.47 | -1.49 | -20.19 | -8.35 | -18.74 | -14.03 | -11.49 | -11.59 | 23.64 | -15.91 | -6.66 | -11.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Oil Country
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 48 | 52 |
| Reserves | 204 | 197 | 113 | 76 | -7 | -69 | -119 | -171 | 206 | 150 | 184 | 145 |
| Borrowings + | 150 | 131 | 141 | 122 | 121 | 124 | 171 | 223 | 66 | 90 | 45 | 25 |
| Other Liabilities + | 88 | 65 | 58 | 97 | 107 | 130 | 143 | 160 | 183 | 144 | 113 | 91 |
| Total Liabilities | 486 | 437 | 356 | 339 | 265 | 229 | 239 | 257 | 499 | 429 | 389 | 314 |
| Fixed Assets + | 280 | 259 | 237 | 216 | 195 | 174 | 154 | 134 | 452 | 376 | 307 | 242 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 52 | 52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 153 | 126 | 119 | 123 | 70 | 55 | 86 | 122 | 47 | 54 | 82 | 71 |
| Total Assets | 486 | 437 | 356 | 339 | 265 | 229 | 239 | 257 | 499 | 429 | 389 | 314 |
Financials of Oil Country
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 52 | 1 | 8 | 38 | 20 | 12 | -26 | -27 | 169 | -19 | 30 | -4 |
| Cash from Investing Activity + | -13 | -7 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 2 | -0 | -5 |
| Cash from Financing Activity + | -39 | 0 | -8 | -38 | -17 | -15 | 26 | 27 | -169 | 18 | -19 | 4 |
| Net Cash Flow | -0 | -6 | -1 | -0 | 3 | -3 | 0 | 0 | 0 | 1 | 12 | -5 |
| Free Cash Flow | 43 | -1 | 8 | 38 | 20 | 12 | -26 | -27 | 169 | -17 | 30 | -10 |
| CFO/OP | 176% | 13% | -53% | -263% | -39% | -34% | 228% | 362% | -1,199% | 744% | 72% | -92% |
Financials of Oil Country
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 4 | 57 | 40 | 12 | 8 | 313 | 0 | 0 | 57 | 65 | |
| Inventory Days | 361 | 499 | 6,904 | 4,921 | 338 | 1,879 | 9,271 | 88,824 | 599 | |||
| Days Payable | 107 | 112 | 2,023 | 993 | 47 | 113 | 757 | 8,159 | 29 | |||
| Cash Conversion Cycle | 279 | 390 | 4,938 | 3,969 | 303 | 1,774 | 8,826 | 80,665 | 0 | 57 | 635 | |
| Working Capital Days | -78 | -104 | -3,648 | -2,889 | -1,264 | -3,782 | -17,389 | 8,598 | 531 | 77 | 184 | |
| ROCE % | 3% | 1% | -10% | -13% | -35% | -34% | -30% | -28% | 47% | -23% | -8% | -25% |
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