Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 24171.39 Crore) operating in Gas & Petroleum sector.
Oil India Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Other Operating Revenue, Income From Transportation Services, Renewable Energy System, Condensate and Income from OFC Fibre Leasing for the year ending 31-Mar-2019.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 7420.13 Crore, up 18.22 % from last quarter Total Income of Rs 6276.58 Crore and up 224.47 % from last year same quarter Total Income of Rs 2286.82 Crore. Company reported net profit after tax of Rs 1353.14 Crore in latest quarter.
Investment Rationale
The brokerage values Oil India on a DCF-based SOTP, comprising standalone, NRL (using DDM) and Mozambique upsides. Investments are valued at TP or CMP and with a 30% holdco discount. 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 June 30, 2021, while FIIs held 8.5 per cent, DIIs 18.5 per cent and public and others 16.3 per cent.
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