Oil India Ltd.
Energy · NSE
52-week range
₹374 – ₹516
From 52w high
-12.0%
RSI (14)
40.3
vs SMA 50 / 200
↓ 50 · ↑ 200
Oil India (OIL) trades at ₹457, carrying a trailing PE of 12.8 and a forward PE of 8.9 against a backdrop of 5-year earnings decline of -10.7% CAGR and flat revenue growth (-0.1%). The stock is above its 200-DMA (₹432) but below its 50-DMA (₹474), down 6.92% over three months while up 15.4% over one year; dividend yield stands at 4.18%.
- ✓Dividend yield of 4.18% is above the broader Energy sector median for Indian PSU oil stocks, providing a visible income return for holders of record.
- ✓Forward PE of 8.9 represents a 30% compression from the trailing PE of 12.8, reflecting analyst consensus expectations of earnings improvement; trailing PE of 12.8 is below the sector peer RELIANCE (23.8) and broadly in line with ONGC (9.3).
- ✓Recent hydrocarbon discovery in Libya (Ghadames Basin, reported April 2026 across multiple sources including The Hindu and India Today) adds to the company's international reserve base alongside IOCL.
- ✓Price is 5.7% above the 200-DMA (₹432.42) and 15.4% higher than one year ago, outperforming the shorter-term 3-month trend (-6.92%).
- ✗5-year earnings CAGR of -10.7% reflects a sustained structural decline in profitability over the measurement period.
- ✗Debt-to-equity of 58.2 is elevated, and the persistence data shows a rising debt trend alongside FCF positive in only 2 of the years tracked — consistency score of 35/100 is low.
- ✗Quality score of 40/100 places OIL 4th of 6 in the Energy peer group, trailing COALINDIA (77) and ONGC (54) on the same composite measure.
- ✗Revenue growth of -0.1% over 5 years indicates the top line has been essentially flat, limiting the earnings recovery pathway absent a commodity price tailwind or significant new production.
- ·Oil India and IOCL jointly reported a hydrocarbon discovery in Libya's Ghadames Basin in late April 2026, representing the company's first confirmed international find in this geography and cited by multiple outlets as part of India's strategy to diversify energy sourcing beyond the Middle East.
- ·Mean analyst rating of 2.2 across 20 analysts (1–5 scale, lower = more constructive) reflects a distribution that is toward the more constructive end of the scale without reaching the lowest tier.
- ·The stock's nearest support cluster is concentrated tightly at ₹456–₹454, approximately 0.1–0.7% below current price (₹457), with the next meaningful support level at ₹445; resistance levels sit at ₹460, ₹492, and ₹504.
- ?Does the Libya discovery represent a material reserve addition relative to OIL's existing domestic production base, or is it incremental in the context of a 5-year earnings decline?
- ?How much of the forward PE compression from 12.8 to 8.9 is driven by anticipated commodity price recovery versus genuine operating leverage, and what assumptions underpin analyst earnings estimates?
- ?Given the rising debt trend and FCF positive in only 2 of the tracked years, what is the company's capacity to sustain the 4.18% dividend yield through a commodity price downturn?
- ?Does OIL's international exploration exposure (Libya, other assets) diversify geopolitical risk or concentrate it, and how does that compare with domestic-focused peers like ONGC?
PE
12.8
Forward PE
8.9
ROE
—
Profit margin
+17.4%
D/E
58.17
Dividend yield
+4.2%
Quality score
40/100
ROE 5y above 15%
2/5 yrs
FCF 5y positive
2/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.