Oil India Ltd.
NSE: OILOil India Ltd.: A 30-second snapshot
Oil India (OIL) is a state-owned upstream E&P company trading at ₹518.3 as of May 2026, up 30.68% over 12 months and near its 52-week high with a forward PE of 8.40 against a trailing PE of 12.74. Q4 FY26 results showed PAT growth of 62-76% year-on-year, record drilling activity, and the company's highest daily production in a decade. The balance sheet carries a D/E of 58.74 with a rising debt trend, and FCF consistency across reported years remains limited.
P/E
12.7
Forward P/E
8.4
ROE
+12.7%
Debt / Equity
58.74
Profit Margin
+19.5%
Div. Yield
+3.7%
5Y ROE > 15%
2/5
5Y FCF > 0
2/5
Quality
65/100
News
8 headlines · 8 positive · 0 negative
Oil India Q4 Results: Profit Rockets 76%, Revenue Tops Rs 10,000 Crore; Dividend Declared - NDTV Profit
NDTV Profit
Oil India Q4 Results: PAT Jumps 62% to ₹2,424 Cr; Record Drilling & Highest Daily Production in a Decade - PSU Connect
PSU Connect
Oil India strikes new oil, gas discovery in Libya's Ghadames Basin - Asia News Network
Asia News Network
Oil India reports hydrocarbon discovery in Libya - The Hindu
The Hindu
Oil India discovers oil, gas in Libya amid global energy tensions - India Today
India Today
Recent context
- ·Oil India reported Q4 FY26 PAT of approximately ₹2,424 crore (up 62%) and revenue exceeding ₹10,000 crore, citing record drilling activity and the highest daily production in a decade (sources: NDTV Profit, PSU Connect, May 2026).
- ·The company confirmed a new hydrocarbon discovery in Libya's Ghadames Basin, marking an expansion of its international exploration portfolio amid ongoing global energy market volatility (sources: Asia News Network, The Hindu, India Today, April 2026).
- ·All 8 recent news items carry positive sentiment, driven by the Q4 results beat and the Libya discovery; analyst mean rating is 2.1 across 20 analysts on a 1-5 scale (lower = more constructive).
Strengths
- +Q4 FY26 PAT of approximately ₹2,424 crore represents 62% year-on-year growth, with revenue crossing ₹10,000 crore — the highest quarterly production reported in a decade.
- +Forward PE of 8.40 against a trailing PE of 12.74 implies the market is pricing in meaningful earnings expansion in the near term.
- +Dividend yield of 3.67% alongside earnings growth of 60.4% over 5 years reflects improving cash returns to shareholders from a low base.
- +Price is above both the 50-DMA (₹476.55) and 200-DMA (₹433.80), with a -2.39% drawdown from the 52-week high — one of the narrowest drawdown profiles in recent memory.
Weaknesses
- −FCF was positive in only 2 of the available reported years, and the consistency score of 35/100 indicates that profitability has not been reliably sustained across market cycles.
- −Debt-to-equity stands at 58.74 with a rising debt trend; in an E&P business with commodity-price exposure, elevated and growing leverage amplifies downside risk if crude prices soften.
- −ROE of 12.74% exceeded 15% in only 2 of the available years, and the quality score of 57/100 places OIL in the mid-tier of its Energy sector peer group rather than among the higher-quality names.
- −At a trailing PE of 12.74, OIL carries the highest valuation among directly comparable peers with available data (ONGC 9.90, COALINDIA 9.16, BPCL 4.94), leaving less margin of safety if earnings momentum reverses.
Open questions
- ?Is the Q4 production record and PAT surge driven by structural capacity additions, or does it reflect a one-time realization catch-up from elevated crude prices that may not repeat?
- ?How does OIL's Libya exploration exposure affect the risk profile given geopolitical uncertainty in North Africa, and what portion of the company's reserve base is tied to international assets?
- ?Given the rising debt trend and low FCF consistency score (35/100), at what crude oil price level does the balance sheet come under meaningful stress?
- ?Does the premium PE relative to sector peers reflect a re-rating driven by earnings growth expectations, or is it a function of the stock's lower float and PSU ownership structure?
Peer comparison: Energy
Ranks 2 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| OIL | Oil India Ltd.You're viewing | 12.7 | +12.7% | 57 |
| Industry avg | across 5 peers | 11.6 | +18.6% | 53 |
| COALINDIA | Coal India Ltd. | 9.2 | +28.1% | 77 |
| ONGC | Oil & Natural Gas Corporation Ltd. | 9.9 | — | 54 |
| BPCL | Bharat Petroleum Corporation Ltd. | 4.9 | — | 53 |
| RELIANCE | Reliance Industries Ltd. | 22.4 | +9.1% | 29 |
| DUMMYVEDL3 | Dummy Vedanta Ltd. 3 | — | — | — |
Technical state
Current price
₹518.30
SMA 50
₹476.55
SMA 200
₹433.80
RSI (14)
66.6 (neutral)
From 52w high
-2.4%
1Y return
+30.7%
3M return
+9.8%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Risk flags
- mediumDebt-to-equity at 58.74 with a rising debt trend; FCF positive in only 2 of the available years; ROE exceeded 15% in only 2 years; overall consistency score of 35/100 — suggesting quality metrics have not been sustained across cycles.
- lowOIL trades at a trailing PE of 12.74, the highest among comparable Energy peers with available data (ONGC 9.90, COALINDIA 9.16, BPCL 4.94), positioning it at a premium valuation relative to the sector group.
- lowRevenue growth of 5.2% over 5 years is modest for an upstream E&P company; quality score of 57/100 places OIL in the mid-tier of its sector peer group.
- lowOne of six sector peers (DUMMYVEDL3) is a dummy/test entry; priceChange1Y is null for all valid peers, preventing relative price-performance ranking; news sample of 8 articles is concentrated around a single Libya exploration event.
Cross-section contradictions
- Price is up 30.68% over 12 months, currently -2.39% from its 52-week high, with RSI at 66.63 — yet the fundamental persistence score is 35/100, FCF was positive in only 2 of the available years, and the debt trend is rising, suggesting the price recovery has not yet been matched by improving balance-sheet consistency.
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.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days