Arthneeti

Oil India Q1 FY27 Share Price & Earnings Call Analysis

₹454.00-0.11% today
Market cap
₹73,848 Cr
P/E
8.86
ROE
12.19%
PEG
-1.01
Price to sales
1.92
Debt to equity
0.65
52W high / low
₹518 / ₹398
Sales growth (5Y)
13.43%
EBITDA margin
35.47%
Net profit margin
22.65%
Promoter holding
56.66%
Sales (last year)
₹38,521 Cr

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]

Guidance scorecard · Q1 FY27 call

What Oil India Ltd's management guided
and where it ranks in Oil

#5of 7 in
Oil
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Oil India aims to maintain crude oil production at around 1 million metric tons (MMT) per quarter in FY27, targeting 4.2 MMT annually by FY29 through near-field exploration and enhanced recovery techniques like hydrofracking and radial drilling.
  • Gas production is expected to ramp up to 3.8 BCM next year and targeted around 5 BCM by FY29, driven by pipeline expansions and new connections (e.g., a 200-meter pipeline within NRL, Paradip-Numaligarh pipeline completion by December 2026).
  • Numaligarh Refinery Limited (NRL) plans to reach 75% capacity utilization of 9 million tons by FY28 end, with phased commissioning completed by March 2027.

2 more points from Oil India Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Oil India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Q1 FY27 capex spend was around INR 3,050 crores; full year budget is INR 8,600 crores, subject to revision.
  • Paradip to Numaligarh pipeline nearing completion; mechanical completion by October 2026; commissioning by December 2026.
  • Deepwater exploration in Mahanadi and KG basins ongoing, with rigs scheduled for June-July 2027 and March 2028; Government and partners (TOTAL, Petrobras) supporting exploration and interpretation.

2 more points from Oil India Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Oil India Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The discussion primarily focuses on operational updates, production achievements, exploration plans, capex details, pipeline progress, refinery commissioning, and financial results.
  • Ongoing projects like Numaligarh Refinery expansion with capex plans and commissioning timelines.
  • Pipeline projects such as the Paradip to Numaligarh pipeline expected to complete by December 2026.
  • Exploration activities with a plan to drill 100 wells in FY27.

2 more points from Oil India Ltd's call on the order book

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Full Q1 FY27 analysis
Full Oil ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Oil
on management's own guidance

  1. Deep IndustriesGood growth
    2
  2. Asian EnergyGood growth
    1
  3. Ganesh Benzopl.Good growth
    3
See all potential multibaggersWhere does Oil India Ltd rank?

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
1Asian Energy20–40%Up 2%+₹2,233 Cr34.6
2Deep Industries20–40%Up 0–2%₹4,822 Cr11.6
3Ganesh Benzopl.20–40%Flat₹672 Cr10.3
410–20%Flat₹2.79L Cr6.4
5Oil India LtdThis stock10–20%Flat₹72,385 Cr8.7
610–20%Flat₹12,103 Cr56.3

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Financials of Oil India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Oil India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +7,8526,2087,4979,6149,1478,1207,2478,3378,8087,9298,3948,3309,293
Expenses +4,5493,9324,0276,1715,8864,9784,7115,7956,2205,5786,0916,0436,012
Operating Profit3,3032,2773,4693,4433,2613,1422,5362,5422,5882,3512,3032,2873,281
OPM %42%37%46%36%36%39%35%30%29%30%27%27%35%
Other Income +173259-1,983635578355977302382980721657919
Interest153214279236234242280304244199305319381
Depreciation438478499576576553608624533627671715699
Profit before tax2,8851,8437083,2663,0282,7012,6261,9172,1932,5052,0481,9103,119
Tax %31%24%10%20%23%25%21%24%32%18%20%25%22%
Net Profit +1,9801,3996402,6082,3332,0162,0691,4571,4972,0471,6441,4362,424
EPS in Rs10.718.772.5914.4313.1611.5912.408.238.0511.668.787.3512.91

Financials of Oil India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +9,9789,8219,56610,69813,78018,61217,61625,90636,08431,74931,70333,946
Expenses +6,3466,2356,4466,7708,19013,29711,92815,40520,82919,24520,54623,501
Operating Profit3,6333,5863,1203,9285,5915,3155,68910,50015,25512,50411,15810,446
OPM %36%37%33%37%41%29%32%41%42%39%35%31%
Other Income +1,2581,1987931,8121,2512,1471,1851,254737-5661,6663,053
Interest3493894415546246476609409019641,0691,204
Depreciation8651,0701,1801,3271,5411,7861,8441,8241,9472,1292,3182,712
Profit before tax3,6773,3242,2923,8594,6775,0304,3698,99013,1448,8469,4369,582
Tax %32%37%30%29%31%0%5%25%25%21%25%21%
Net Profit +2,6082,0801,5972,7353,2385,0054,1466,7199,8546,9807,0407,551
EPS in Rs14.4611.538.8516.0619.9128.9021.6934.5653.6638.9540.2740.70
Dividend Payout %46%46%72%42%34%24%15%27%25%25%29%28%

Financials of Oil India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6016018027571,0841,0841,0841,0841,0841,0841,6271,627
Reserves20,90024,57728,71828,27327,89022,12622,58229,47837,39747,25548,14156,372
Borrowings +9,0709,72214,18412,32915,11412,74319,71816,72118,83224,04030,64537,478
Other Liabilities +6,5495,3447,6007,3538,43020,98112,15113,84616,86620,11424,41028,372
Total Liabilities37,12040,24451,30348,71252,51856,93655,53561,12974,17992,494104,823123,848
Fixed Assets +12,6768,67810,55012,32012,47115,95515,96916,80518,09820,52023,64928,271
CWIP3,7551,8121,8949881,2672,3683,1715,90011,95320,02829,52737,644
Investments5,57315,05227,46126,65726,45125,71824,01027,09927,92434,45031,61336,782
Other Assets +15,11614,70111,3988,74712,32912,89412,38511,32516,20417,49620,03421,151
Total Assets37,12040,24451,30348,71252,51856,93655,53561,12974,17992,494104,823123,848

Financials of Oil India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,7543,5973,1143,9335,0236,4935,2359,31011,41010,93311,33210,684
Cash from Investing Activity +-1,992-2,677-5,8651,778-578-2,207-8,517-4,192-9,130-12,601-13,514-10,381
Cash from Financing Activity +-2,603-8712,758-5,698-940-7,3313,702-5,615-2,5211,6372,483409
Net Cash Flow-2,841497123,504-3,045420-498-241-30301711
Free Cash Flow-1,2459862481,2672,5233,1872,1083,3422,886-1,130-1,6372,126
CFO/OP80%125%119%111%108%139%93%99%97%109%120%125%

Financials of Oil India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days874939483529382524383849
Inventory Days333350286244238264301
Days Payable1051401158384112184
Cash Conversion Cycle8749394835257249196185192190165
Working Capital Days3145-16810-77-141-452124-48-46-44
ROCE %13%12%10%10%15%15%13%21%25%18%13%12%

Guidance history

How Oil India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlannedPlanned—
Q2 FY26 call →10–20%—Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

28out of 100

Momentum score · price trend

28 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+4.4%65%
Last 6 months−7.5%43%
Last 3 months−1.0%65%

The price is 38.7% below its all-time high of ₹741 (30 Aug 2024). Stocks more than 20% below their peak have their score halved, so 57 became 28.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Oil India Ltd: 0.4 × 65 + 0.4 × 43 + 0.2 × 65 = 57, halved to 28 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Oil India Ltd's management said in earlier quarters

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