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Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
oil-india.com

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Market Cap

143.63B

About Oil India

Oil India is an Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG.

Oil India Headquarter Location

Plot No. 19 Near Film City Sector 16A

Noida, 201301,

India

91 12 0241 9000

Latest Oil India News

Buy Oil India: target of Rs 250: Sharekhan

Sep 16, 2021

Sharekhan is bullish on Oil India has recommended buy rating on the stock with a target price of Rs 250 in its research report dated September 15, 2021. Broker Research September 16, 2021 / 02:25 PM IST "India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report. Trade Oil India Limited’s (OIL) business fundamentals have turned positive with Brent oil prices at ~$74/bbl and a sharp rise in international gas prices. We expect standalone PAT to clock a CAGR of 34% and RoE to improve to 11.3% over FY21-24E. Increase in Numaligarh Refinery Ltd (NRL) stake is earnings accretive as GRMs would remain strong given excise duty benefit and 3x expansion in refinery capacity to create long-term value for OIL. The management expects combined oil & gas production to grow by 6-7% annually in the long term, but we believe majority of production growth to be back-ended and model an oil/gas production CAGR of 2%/4% over FY21-24E. Robust earnings recovery and dividend yield of ~6% makes risk-reward favourable. Outlook Hence, we upgrade OIL to Buy from Hold with a revised SoTP-based PT of Rs. 250. OIL is trading at 3.7x its FY23E EPS (including earnings contribution from NRL). Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Oil India Patents

Oil India has filed 2 patents.

The 3 most popular patent topics include:

  • Alkanes
  • Analytical chemistry
  • Chromatography
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/26/2016

7/27/2021

Petroleum geology, Sedimentary rocks, Chromatography, Petroleum production, Gas chromatography

Grant

00/00/0000

00/00/0000

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Application Date

7/26/2016

00/00/0000

Grant Date

7/27/2021

00/00/0000

Title

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Related Topics

Petroleum geology, Sedimentary rocks, Chromatography, Petroleum production, Gas chromatography

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Status

Grant

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