Financials Oil India Limited

Equities

OIL

INE274J01014

Oil & Gas Exploration and Production

Market Closed - NSE India S.E. 07:43:48 2024-04-26 am EDT 5-day change 1st Jan Change
628.4 INR +2.59% Intraday chart for Oil India Limited +4.75% +68.84%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 201,103 89,626 133,165 258,522 272,891 681,386 - -
Enterprise Value (EV) 1 209,885 142,708 279,677 368,311 370,991 787,809 785,236 781,648
P/E ratio 8.11 x 3.47 x 7.65 x 6.65 x 4.01 x 12.3 x 10.7 x 10.1 x
Yield 5.53% 12.8% 4.07% 5.98% 7.95% 3.02% 3.59% 3.91%
Capitalization / Revenue 1.46 x 0.74 x 1.55 x 1.78 x 1.17 x 3.13 x 3.02 x 2.81 x
EV / Revenue 1.53 x 1.18 x 3.25 x 2.53 x 1.59 x 3.61 x 3.48 x 3.22 x
EV / EBITDA 3.83 x 5.51 x 22.1 x 6.86 x 3.83 x 8.01 x 8.03 x 7.27 x
EV / FCF 8.15 x 5.65 x -37.8 x 11.4 x 8.74 x 14.5 x 15.5 x 13 x
FCF Yield 12.3% 17.7% -2.65% 8.79% 11.4% 6.87% 6.44% 7.7%
Price to Book 0.72 x 0.37 x 0.51 x 0.86 x 0.79 x 1.84 x 1.63 x 1.49 x
Nbr of stocks (in thousands) 1,084,405 1,084,405 1,084,405 1,084,405 1,084,405 1,084,405 - -
Reference price 2 185.4 82.65 122.8 238.4 251.6 628.4 628.4 628.4
Announcement Date 5/27/19 6/26/20 6/21/21 5/27/22 5/24/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 137,350 121,285 86,184 145,302 232,726 217,985 225,703 242,592
EBITDA 1 54,838 25,905 12,654 53,689 96,908 98,336 97,790 107,519
EBIT 1 39,875 10,987 -2,723 38,721 80,960 82,246 72,928 78,127
Operating Margin 29.03% 9.06% -3.16% 26.65% 34.79% 37.73% 32.31% 32.21%
Earnings before Tax (EBT) 1 39,162 21,201 7,231 49,865 88,570 63,797 81,830 87,109
Net income 1 25,901 25,841 17,416 38,873 68,104 48,507 62,599 66,221
Net margin 18.86% 21.31% 20.21% 26.75% 29.26% 22.25% 27.73% 27.3%
EPS 2 22.88 23.83 16.06 35.85 62.80 51.05 58.78 62.26
Free Cash Flow 1 25,746 25,266 -7,398 32,360 42,467 54,154 50,530 60,193
FCF margin 18.75% 20.83% -8.58% 22.27% 18.25% 24.84% 22.39% 24.81%
FCF Conversion (EBITDA) 46.95% 97.53% - 60.27% 43.82% 55.07% 51.67% 55.98%
FCF Conversion (Net income) 99.4% 97.78% - 83.25% 62.36% 111.64% 80.72% 90.9%
Dividend per Share 2 10.25 10.60 5.000 14.25 20.00 18.95 22.56 24.56
Announcement Date 5/27/19 6/26/20 6/21/21 5/27/22 5/24/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 65,870 39,129 21,260 25,795 30,070 33,112 - 37,367 44,786 59,676 57,760 58,794 56,496 46,447 53,128 58,634 56,582
EBITDA 1 25,960 9,345 -938.1 4,247 12,331 9,134 21,432 12,672 19,584 26,364 18,482 28,552 23,510 23,289 23,309 25,478 24,378
EBIT 1 - - -4,817 71.7 8,356 4,932 - 7,994 17,471 22,496 14,246 24,017 20,202 19,315 22,351 23,488 19,225
Operating Margin - - -22.66% 0.28% 27.79% 14.89% - 21.39% 39.01% 37.7% 24.66% 40.85% 35.76% 41.58% 42.07% 40.06% 33.98%
Earnings before Tax (EBT) 1 - - -3,842 11,402 6,774 6,738 - 15,932 20,421 21,077 21,081 23,029 23,383 20,997 21,902 23,044 23,122
Net income 1 - - 9,037 8,476 5,079 5,045 - 12,449 16,300 15,555 17,205 17,461 17,883 16,134 16,907 16,645 16,320
Net margin - - 42.51% 32.86% 16.89% 15.24% - 33.32% 36.4% 26.07% 29.79% 29.7% 31.65% 34.74% 31.82% 28.39% 28.84%
EPS 2 - - 8.330 7.820 4.680 4.660 - 11.48 15.03 14.34 15.87 16.10 16.49 14.88 17.75 16.30 13.65
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 11/9/19 11/9/20 2/11/21 6/21/21 8/12/21 11/10/21 11/10/21 2/11/22 5/27/22 8/10/22 11/10/22 2/11/23 5/24/23 8/8/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,782 53,082 146,512 109,789 98,100 106,423 103,850 100,262
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.1602 x 2.049 x 11.58 x 2.045 x 1.012 x 1.082 x 1.062 x 0.9325 x
Free Cash Flow 1 25,747 25,266 -7,398 32,360 42,467 54,154 50,530 60,193
ROE (net income / shareholders' equity) 9.31% 9.91% 6.88% 13.9% 21.2% 17.4% 16.2% 15.8%
ROA (Net income/ Total Assets) 5.66% 5.72% 3.73% 7.74% 13.1% 11.7% 11.7% 12.1%
Assets 1 457,460 451,534 467,328 502,159 519,854 413,551 537,092 545,558
Book Value Per Share 2 256.0 225.0 242.0 276.0 317.0 342.0 385.0 423.0
Cash Flow per Share 2 44.80 48.90 16.60 55.40 70.60 111.0 106.0 113.0
Capex 1 24,941 27,771 25,411 27,692 34,137 44,835 49,530 51,298
Capex / Sales 18.16% 22.9% 29.48% 19.06% 14.67% 20.57% 21.94% 21.15%
Announcement Date 5/27/19 6/26/20 6/21/21 5/27/22 5/24/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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