Oil India Ltd (NSE: OIL), one of the top public sector companies, may recommend an interim dividend in March 2024. This company is Maharatna Oil India Limited.
Shares of Oil India Ltd closed at Rs 592.00, up 8.32 percent on Saturday. Brokerage firm has advised to buy shares of Oil India for a target price of Rs 652.
If you buy Oil India stock at the current price of Rs 592, you can get a potential profit of 10% in the stock from here.
Oil India Ltd To Consider Interim Dividend On March 8
According to Oil India’s regulatory filing on February 28, 2024
“Notice is given that the Board meeting of the Company has been scheduled for Friday, March 08, 2024.” “Inter alia, the second interim dividend, if any, for the financial year 2023-24 will be considered and declared.”
Returns Of Shares Of Oil India Limited
The 52-week highest price of Oil India shares is Rs 630 and the 52-week lowest price is Rs 240.65. The company’s market capitalization is Rs 64 251.01 crore.
Oil India shares rose 91% in the last 3 months, this stock gave a return of 117% to its investors in the last 6 months.
This stock increased 130% in the last one year. Similarly, in the last two years this stock grew by 142% and in the last 3 years, this stock gave a return of 365% to its investors.
The stock has increased by 232% in the last five years.
Brokerage Advised To Buy Oil India Ltd.
According to a renowned brokerage firm, “the stock currently trades at a P/E multiple 8.5x FY25E earnings and 6.4x EV/EBITDA. The stock’s value is 7x the Dec 25E standalone adj. EPS & Add The investment will reach the target price of Rs. 650.”
Oil India is a good buy at 1.5x P/B (standalone),. The analyst believes that Oil India is a good buy with a 1.5x FY25E P/B (standalone) valuation.
If you buy Oil India shares at the current trading price, you can get a potential return of 14.58%.
About Oil India Ltd Company
Oil India Limited, a company based in India that is involved in exploration and production in the upstream industry and provides crude oil and gas, is an integrated exploration and manufacturing company.
It operates a variety of equipment and facilities for seismic and geodetic works, data processing, analysis and acquisition in two-dimensional (2D), three-dimensional (3D), and two-dimensional (2D).
These include drilling, oil and natural gas field development, production and transportation, as well as liquefied gas (LPG).
The Company operates a 1,157-kilometer-long crude oil pipeline that is fully automated between Naharkatia and Barauni.
In-country operations of the Company are located in Assam and Arunachal Pradesh as well as in Mizoram and Tripura.
They also operate in Odisha, Andhra Pradesh, Rajasthan, Nagaland and Tripura. Offshore areas include the Andaman Sea, Kerala-Konkan, and KG shallow water.
Fundamental Analysis of Oil India Ltd
| Market Cap | ₹ 64,262 Cr. |
| Current Price | ₹ 592 |
| 52-wk High | ₹ 630 |
| 52-wk Low | ₹240 |
| Stock P/E | 9.23 |
| Book Value | ₹ 370 |
| Dividend | 3.37 % |
| ROCE | 25.4 % |
| ROE | 25.2 % |
| Face Value | ₹ 10.0 |
| P/B Value | 1.60 |
| OPM | 40.1 % |
| EPS | ₹ 54.8 |
| Debt | ₹ 22,404 Cr. |
| Debt to Equity | 0.56 |
Oil India Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹600 | ₹660 |
| 2025 | ₹662 | ₹690 |
| 2026 | ₹700 | ₹765 |
| 2027 | ₹800 | ₹833 |
| 2028 | ₹885 | ₹932 |
| 2029 | ₹1000 | ₹1213 |
| 2030 | ₹1276 | ₹1400 |
Oil India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 56.66% |
| Mar 2023 | 56.66% |
| June 2023 | 56.66% |
| Sept 2023 | 56.66% |
| Dec 2023 | 56.66% |
| FII Holding | |
| Dec 2022 | 11.52% |
| Mar 2023 | 11.41% |
| June 2023 | 11.03% |
| Sept 2023 | 11.26% |
| Dec 2023 | 10.99% |
| DII Holding | |
| Dec 2022 | 16.04% |
| Mar 2023 | 16.26% |
| June 2023 | 16.36% |
| Sept 2023 | 15.89% |
| Dec 2023 | 15.98% |
| Govt. Holding | |
| Dec 2022 | 9.87% |
| Mar 2023 | 9.87% |
| June 2023 | 9.87% |
| Sept 2023 | 9.87% |
| Dec 2023 | 9.87% |
| Public Holding | |
| Dec 2022 | 5.91% |
| Mar 2023 | 5.81% |
| June 2023 | 6.11% |
| Sept 2023 | 6.32% |
| Dec 2023 | 6.51% |
Oil India Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹13,780 Cr |
| 2020 | ₹18,612 Cr |
| 2021 | ₹17,616 Cr |
| 2022 | ₹25,906 Cr |
| 2023 | ₹31,171 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹3,238 Cr |
| 2020 | ₹5,005 Cr |
| 2021 | ₹4,146 Cr |
| 2022 | ₹6,719 Cr |
| 2023 | ₹6,627 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.37 |
| 2020 | 0.55 |
| 2021 | 0.82 |
| 2022 | 0.54 |
| 2023 | 0.48 |
Last 10 Years’ Profit Growth:
| 10 Years: | 9% |
| 5 Years: | 26% |
| 3 Years: | 21% |
| Current Year: | -24% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 15% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| Last Year: | 25% |
Sales Growth Over 10 Years:
| 10 Years: | 14% |
| 5 Years: | 28% |
| 3 Years: | 25% |
| Current Year: | -16% |
Conclusion
This article is a complete guide about Oil India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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