Oil India Limited (OIL)

Oil Gas & Consumable Fuels · Oil · NSE · Updated 15 July 2026

₹437.2 ↓ 1.94% (1Y)

🎯 Key Takeaways

Oil India Limited is navigating a transitional phase marked by governance reforms and capital restructuring amid volatile oil market conditions. The company has recently approved executive promotions and a significant authorized capital increase to Rs.
Revenue grew 11.7% QoQ to ₹9,089 in Q3FY25.
⚠️ 1) Margin compression appears persistent, with OPM declining from 33.6% in Q1FY25 to 29.5% in Q3FY25, raising concerns about cost control or pricing p

Market Cap

₹84,307

P/E Ratio

10.0

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Oil India Limited is navigating a transitional phase marked by governance reforms and capital restructuring amid volatile oil market conditions. The company has recently approved executive promotions and a significant authorized capital increase to Rs. 5000 Crore, signaling strategic preparation for future growth initiatives while maintaining a conservative financial posture.

📰 What's Happening

In June 2026, the Board approved the promotion of senior executives to Executive Director roles and recommended amendments to the Memorandum and Articles of Association, including an authorized capital hike from Rs. 2000 Crore to Rs. 5000 Crore. Shareholder approval is required for these changes, which may impact future share issuance and strategic flexibility. Additionally, insiders were restricted from trading ahead of quarterly results approval on 24 June 2026.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	8,768	6,409	8,816	10,913	10,166	9,351	8,136	9,089
Operating Profit	3,677	2,439	1,540	4,022	3,480	3,373	3,287	2,980
OPM %	40.0%	35.5%	40.0%	31.6%	32.1%	33.6%	31.2%	29.5%
Net Profit	1,980	1,399	640	2,608	2,333	2,016	2,069	1,457
EPS	₹16.07	₹13.16	₹3.87	₹21.65	₹19.74	₹11.59	₹12.40	₹8.23

Operating performance has shown mixed trends over the past eight quarters, with revenue peaking at ₹10,913 Crore in Q3FY24 before declining to ₹9,089 Crore in Q3FY25. Operating profit margin compressed from a high of 40.0% in Q2FY24 to 29.5% in Q3FY25, while net profit fell sharply to ₹1,457 Crore from ₹2,069 Crore in the prior quarter. EPS also declined to ₹8.23, reflecting pressure on profitability despite stable revenue levels.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or margin expectations in the latest filings. However, the Board's actions indicate a focus on structural preparedness rather than near-term operational targets. The capital increase and governance updates suggest anticipation of future investment needs or strategic opportunities, though no specific growth roadmap was disclosed.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Oil

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Oil & Natural Gas Corporation Limited	3.77 L Cr	9.9	14.1%	11.0%	0.45
Oil India Limited	84,307	10.0	—	—	—
Aegis Vopak Terminals Limited	21,907	102.5	8.6%	10.7%	1.29
Deep Industries Limited	2,852	18.3	—	—	—
Antelopus Selan Energy Limited	2,643	29.5	—	—	—
Prabha Energy Limited	2,316	—	—	—	—
Hindustan Oil Exploration Company Limited	2,238	13.4	—	—	—
Jindal Drilling And Industries Limited	1,687	13.0	—	—	—
Dolphin Offshore Enterprises (India) Limited	1,652	44.1	—	—	—
Asian Energy Services Limited	1,409	38.3	—	—	—

🔗 Peer Stock Analyses

ONGC AEGISVOPAK DEEPINDS ANTELOPUS PRABHA

⚠️ Risk Factors

1) Margin compression appears persistent, with OPM declining from 33.6% in Q1FY25 to 29.5% in Q3FY25, raising concerns about cost control or pricing pressure. 2) Net profit volatility is high, swinging from a low of ₹640 Crore in Q2FY24 to ₹2,608 Crore in Q3FY24, suggesting sensitivity to oil price or production volume fluctuations. 3) The proposed MoA/AoA changes and capital increase require shareholder approval, introducing governance risk if delayed or contested.

📋 Recent Filings

🧠 Analyst's Read

Oil India is in a phase of institutional repositioning, balancing governance upgrades with operational volatility. Investors should monitor the outcome of shareholder votes on capital and governance changes, as well as any clarification on capital deployment plans, which will determine whether the restructuring supports value creation or merely increases authorized flexibility.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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