Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 16412.47 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2246.20 Crore, down -1.78 % from last quarter Total Income of Rs 2286.82 Crore and down -27.39 % from last year same quarter Total Income of Rs 3093.72 Crore. Company reported net profit after tax of Rs 696.01 Crore in latest quarter.
Investment Rationale
The brokerage values NRL stake at a 20% holdco discount to BPCL sale value and IOCLRussian stakes at 30% discount each. It retains Hold/EW. Key risks: adverse oil-gas prices, policy issues, local tensions, cost overruns, operational outages and dry holes.
Promoter/FII Holdings
Promoters held 56.7 per cent stake in the company as of the fourth quarter ending March 31, 2021, while FIIs held 7.6 per cent, DIIs 19 per cent and public & others 16.7 per cent.
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