Oil India Limited

NSEI:OIL Stock Report

Market Cap: ₹694.6b

Oil India Valuation

Is OIL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OIL (₹427.05) is trading below our estimate of fair value (₹484.23)

Significantly Below Fair Value: OIL is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OIL?

Key metric: As OIL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OIL. This is calculated by dividing OIL's market cap by their current earnings.
What is OIL's PE Ratio?
PE Ratio8.3x
Earnings₹83.90b
Market Cap₹694.64b

Price to Earnings Ratio vs Peers

How does OIL's PE Ratio compare to its peers?

The above table shows the PE ratio for OIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
HINDPETRO Hindustan Petroleum
21.2x30.4%₹892.2b
PETRONET Petronet LNG
13.1x4.2%₹517.1b
500186 Hindustan Oil Exploration
14.5xn/a₹24.6b
BPCL Bharat Petroleum
9.8x4.2%₹1.3t
OIL Oil India
8.3x3.8%₹694.6b

Price-To-Earnings vs Peers: OIL is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (14.7x).

Price to Earnings Ratio vs Industry

How does OIL's PE Ratio compare vs other companies in the IN Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
533704 Essar Shipping
1.6xn/aUS$91.76m
No more companies available in this PE range
OIL 8.3xIndustry Avg. 20.9xNo. of Companies4PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OIL is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Indian Oil and Gas industry average (20.9x).

Price to Earnings Ratio vs Fair Ratio

What is OIL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: OIL is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹427.05
₹589.02
+37.9%
21.8%₹777.00₹280.00n/a18
Dec ’25₹490.60
₹588.19
+19.9%
22.1%₹777.00₹280.00n/a18
Nov ’25₹473.00
₹631.61
+33.5%
25.3%₹805.00₹280.00n/a17
Oct ’25₹568.75
₹633.43
+11.4%
25.3%₹805.00₹280.00n/a17
Sep ’25₹741.00
₹633.08
-14.6%
25.3%₹805.00₹280.00n/a17
Aug ’25₹599.05
₹487.41
-18.6%
27.6%₹805.00₹240.00n/a18
Jul ’25₹475.90
₹459.88
-3.4%
20.0%₹537.33₹240.00n/a16
Jun ’25₹423.80
₹456.63
+7.7%
19.7%₹537.33₹240.00n/a16
May ’25₹413.43
₹382.43
-7.5%
26.8%₹525.33₹160.00n/a17
Apr ’25₹394.00
₹360.86
-8.4%
25.1%₹503.33₹160.00n/a17
Mar ’25₹392.77
₹334.33
-14.9%
23.9%₹446.67₹160.00n/a18
Feb ’25₹290.90
₹264.96
-8.9%
18.8%₹356.00₹160.00n/a16
Jan ’25₹252.50
₹236.27
-6.4%
14.6%₹296.67₹160.00n/a17
Dec ’24₹206.60
₹231.61
+12.1%
12.7%₹273.33₹160.00₹490.6017
Nov ’24₹201.13
₹217.92
+8.3%
13.7%₹280.00₹140.00₹473.0016
Oct ’24₹199.23
₹207.92
+4.4%
13.1%₹237.33₹140.00₹568.7516
Sep ’24₹182.03
₹205.87
+13.1%
13.2%₹237.33₹140.00₹741.0015
Aug ’24₹182.93
₹200.04
+9.4%
14.6%₹246.67₹133.33₹599.0515
Jul ’24₹163.30
₹200.76
+22.9%
14.8%₹246.67₹133.33₹475.9014
Jun ’24₹169.50
₹201.62
+18.9%
14.8%₹246.67₹133.33₹423.8014
May ’24₹169.90
₹185.59
+9.2%
15.1%₹226.00₹116.67₹413.4313
Apr ’24₹167.77
₹180.83
+7.8%
12.9%₹215.33₹116.67₹394.0012
Mar ’24₹172.30
₹177.02
+2.7%
13.3%₹215.33₹116.67₹392.7715
Feb ’24₹149.87
₹164.09
+9.5%
14.6%₹200.00₹110.00₹290.9015
Jan ’24₹138.80
₹162.67
+17.2%
14.7%₹200.00₹110.00₹252.5015
Dec ’23₹138.17
₹162.67
+17.7%
14.7%₹200.00₹110.00₹206.6015

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:41
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Oil India Limited is covered by 55 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gaurav JhunjhunuwalaAmbit Capital
Vivekanand SubbaramanAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited