shares of Oil India declined by 2.01% to Rs 394.65 in Thursday's session. The stock experienced a notable downturn, reflecting broader market apprehension.
Oil India is included as one of the stocks in the Nifty Midcap 150 index. At 1:27 pm, the stock was trading at Rs 394.65.
Oil India Financial Performance
Here is a look at the financial performance of Oil India:
Quarterly Results
The consolidated quarterly results show fluctuations in revenue and net profit. In the quarter-ending June 2025, Revenue stood at Rs 7,928.66 Crore, while Net Profit was Rs 1,321.92 Crore. The revenue decreased by 2.36% from Rs 8,120.21 Crore in June 2024 to Rs 7,928.66 Crore in June 2025. The net profit decreased by 30.15% from Rs 1,892.49 Crore in June 2024 to Rs 1,321.92 Crore in June 2025.
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 8,120.21 Crore | Rs 7,247.03 Crore | Rs 8,336.90 Crore | Rs 8,808.34 Crore | Rs 7,928.66 Crore |
| Net Profit | Rs 1,892.49 Crore | Rs 1,843.22 Crore | Rs 1,593.17 Crore | Rs 1,769.40 Crore | Rs 1,321.92 Crore |
| EPS | 11.59 | 12.40 | 8.23 | 8.05 | 11.66 |
Yearly Results
The consolidated yearly results indicate a generally increasing trend in revenue from 2021 to 2025. Revenue increased by 84.42% from Rs 17,629.53 Crore in 2021 to Rs 32,512.48 Crore in 2025. However, there were fluctuations in net profit. Net profit increased by 96.23% from Rs 3,617.82 Crore in 2021 to Rs 7,098.28 Crore in 2025.
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 17,629.53 Crore | Rs 25,905.59 Crore | Rs 36,097.38 Crore | Rs 32,466.03 Crore | Rs 32,512.48 Crore |
| Net Profit | Rs 3,617.82 Crore | Rs 6,607.36 Crore | Rs 9,850.10 Crore | Rs 6,523.37 Crore | Rs 7,098.28 Crore |
| EPS | 32.53 | 51.84 | 80.49 | 58.42 | 40.27 |
| BVPS | 228.79 | 305.94 | 385.95 | 485.29 | 305.96 |
| ROE | 14.90 | 18.39 | 22.68 | 13.10 | 13.16 |
| Debt to Equity | 0.82 | 0.54 | 0.48 | 0.49 | 0.60 |
Income Statement
The following table presents a summary of the consolidated income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 32,512 | 32,466 | 36,097 | 25,905 | 17,629 |
| Other Income | 1,666 | 1,342 | 719 | 1,142 | 1,092 |
| Total Income | 34,178 | 33,808 | 36,816 | 27,048 | 18,721 |
| Total Expenditure | 23,614 | 24,456 | 22,776 | 17,229 | 14,220 |
| EBIT | 10,564 | 9,352 | 14,040 | 9,818 | 4,500 |
| Interest | 1,069 | 963 | 900 | 940 | 660 |
| Tax | 2,396 | 1,865 | 3,289 | 2,271 | 222 |
| Net Profit | 7,098 | 6,523 | 9,850 | 6,607 | 3,617 |
Cash Flow
The following table provides an overview of the consolidated cash flow statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 11,332 | 10,933 | 11,410 | 9,309 | 5,243 |
| Investing Activities | -13,514 | -12,601 | -9,131 | -4,193 | -8,521 |
| Financing Activities | 2,482 | 1,637 | -2,521 | -5,615 | 3,702 |
| Others | 0 | 0 | 1 | 1 | -4 |
| Net Cash Flow | 300 | -30 | -240 | -497 | 420 |
Balance Sheet
The following table summarizes key elements from the consolidated balance sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 1,626 | 1,084 | 1,084 | 1,084 | 1,084 |
| Reserves & Surplus | 48,141 | 47,254 | 37,397 | 29,477 | 22,582 |
| Current Liabilities | 15,217 | 14,356 | 8,598 | 6,808 | 10,664 |
| Other Liabilities | 39,459 | 29,456 | 26,803 | 23,447 | 20,883 |
| Total Liabilities | 104,444 | 92,152 | 73,883 | 60,818 | 55,213 |
| Fixed Assets | 53,175 | 40,547 | 30,051 | 22,704 | 19,139 |
| Current Assets | 18,709 | 16,739 | 14,294 | 10,111 | 10,412 |
| Other Assets | 32,559 | 34,866 | 29,536 | 28,001 | 25,661 |
| Total Assets | 104,444 | 92,152 | 73,883 | 60,818 | 55,213 |
| Contingent Liabilities | 0 | 32,439 | 26,102 | 20,863 | 16,051 |
Ratios
Key financial ratios for Oil India are detailed below:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 32.53 | 51.84 | 80.49 | 58.42 | 40.27 |
| Diluted EPS (Rs.) | 32.53 | 51.84 | 80.49 | 58.42 | 40.27 |
| Book Value /Share (Rs.) | 228.79 | 305.94 | 385.95 | 485.29 | 305.96 |
| Dividend/Share (Rs.) | 5.00 | 14.25 | 20.00 | 14.50 | 11.50 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 38.53 | 44.94 | 44.28 | 42.65 | 39.62 |
| Operating Margin (%) | 28.07 | 37.90 | 38.89 | 36.09 | 32.49 |
| Net Profit Margin (%) | 20.52 | 25.50 | 27.28 | 20.09 | 21.83 |
| Return on Networth (%) | 14.90 | 18.39 | 22.68 | 13.10 | 13.16 |
| ROCE (%) | 11.11 | 18.17 | 21.50 | 15.06 | 11.83 |
| Return On Assets (%) | 6.38 | 9.24 | 11.81 | 6.87 | 6.27 |
| Current Ratio (X) | 0.98 | 1.49 | 1.66 | 1.17 | 1.23 |
| Quick Ratio (X) | 0.67 | 0.91 | 1.07 | 0.85 | 0.90 |
| Debt to Equity (x) | 0.82 | 0.54 | 0.48 | 0.49 | 0.60 |
| Interest Coverage (X) | 10.29 | 12.38 | 17.75 | 14.37 | 12.05 |
| Asset Turnover Ratio (%) | 0.16 | 0.28 | 0.37 | 0.39 | 0.33 |
| Inventory Turnover Ratio (X) | 0.00 | 0.00 | 0.00 | 1.23 | 1.45 |
| 3 Yr CAGR Sales (%) | 28.37 | 37.11 | 32.25 | 35.70 | 12.03 |
| 3 Yr CAGR Net Profit (%) | 36.81 | 77.93 | 57.94 | 34.28 | 3.65 |
| P/E (x) | 2.52 | 3.07 | 2.08 | 6.85 | 9.60 |
| P/B (x) | 0.56 | 0.85 | 0.71 | 1.35 | 1.26 |
| EV/EBITDA (x) | 4.75 | 3.72 | 2.86 | 6.29 | 7.02 |
| P/S (x) | 0.75 | 1.00 | 0.76 | 2.00 | 1.93 |
Corporate Actions
Oil India has been actively involved in corporate actions, including dividends and bonus issues. The company announced a final dividend of Rs 1.50 per share (15%) with an effective date of September 4, 2025. Previously, an interim dividend of Rs 7.00 per share (70%) was declared on February 7, 2025, and paid on February 17, 2025.
The company has also undertaken bonus issues. The most recent bonus issue was announced on May 20, 2024, with a bonus ratio of 1:2 and an ex-bonus date of July 2, 2024.
The company had recent announcements regarding the imposition of Fine by BSE and NSE on August 30, 2025. Additionally, newspaper clippings of Notice of 66th AGM and E-Voting were released on August 27, 2025, and a press release was issued on August 26, 2025.
Oil India's stock decline reflects the bearish sentiment in the market, influenced by recent financial results and corporate actions.
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