NSEI:OILCOUNTUB

Stock Analysis Report

Oil Country Tubular

Executive Summary

Oil Country Tubular Limited manufactures and sells drill pipes and allied products, and oil country tubular goods and related services for the oil drilling and exploration industry in India and internationally.

Snowflake

Fundamentals

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Oil Country Tubular's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

OILCOUNTUB

-1.1%

IN Energy Services

1.4%

IN Market


1 Year Return

-58.2%

OILCOUNTUB

-14.7%

IN Energy Services

2.3%

IN Market

Return vs Industry: OILCOUNTUB underperformed the Indian Energy Services industry which returned -14.7% over the past year.

Return vs Market: OILCOUNTUB underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

OILCOUNTUBIndustryMarket
7 Day1.5%-1.1%1.4%
30 Day-9.6%-4.5%2.7%
90 Day-12.6%-21.9%-1.4%
1 Year-58.2%-58.2%-14.0%-14.7%4.3%2.3%
3 Year-80.9%-80.9%-35.1%-36.6%20.9%14.9%
5 Year-85.0%-85.0%-15.6%-17.2%41.2%28.2%

Price Volatility Vs. Market

How volatile is Oil Country Tubular's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oil Country Tubular undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: OILCOUNTUB (₹6.6) is trading below our estimate of fair value (₹28.35)

Significantly Undervalued: OILCOUNTUB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OILCOUNTUB is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: OILCOUNTUB is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate OILCOUNTUB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OILCOUNTUB is good value based on its PB Ratio (0.8x) compared to the IN Energy Services industry average (0.8x).


Next Steps

Future Growth

How is Oil Country Tubular forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.8%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oil Country Tubular has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Oil Country Tubular performed over the past 5 years?

-52.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OILCOUNTUB is unprofitable, and losses have increased over the past 5 years at a rate of -52.7% per year.

Accelerating Growth: Unable to compare OILCOUNTUB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OILCOUNTUB is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (62.1%).


Return on Equity

High ROE: OILCOUNTUB has a negative Return on Equity (-214.2%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: OILCOUNTUB is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: OILCOUNTUB is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Oil Country Tubular's financial position?


Financial Position Analysis

Short Term Liabilities: OILCOUNTUB's short term assets (₹643.9M) do not cover its short term liabilities (₹1.5B)

Long Term Liabilities: OILCOUNTUB's short term assets (643.9M) do not cover its long term liabilities (757.0M)


Debt to Equity History and Analysis

Debt Level: OILCOUNTUB's debt to equity ratio (321.1%) is considered high

Reducing Debt: OILCOUNTUB's debt to equity ratio has increased from 84.3% to 321.1% over the past 5 years.


Balance Sheet

Inventory Level: OILCOUNTUB has a high level of physical assets or inventory.

Debt Coverage by Assets: OILCOUNTUB's debt is not covered by short term assets (assets are 0.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable OILCOUNTUB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OILCOUNTUB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28% per year.


Next Steps

Dividend

What is Oil Country Tubular's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate OILCOUNTUB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate OILCOUNTUB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if OILCOUNTUB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OILCOUNTUB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OILCOUNTUB is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OILCOUNTUB's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Oil Country Tubular's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Sridhar Kamineni (53yo)

10yrs

Tenure

₹4,944,000

Compensation

Mr. Sridhar Kamineni has been the Managing Director of Oil Country Tubular Limited since October 01, 2009. Mr. Kamineni served as Joint Managing Director of Oil Country Tubular Ltd. Kamineni serves as a Di ...


CEO Compensation Analysis

Compensation vs. Market: Sridhar's total compensation ($USD69.16K) is above average for companies of similar size in the Indian market ($USD27.28K).

Compensation vs Earnings: Sridhar's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: OILCOUNTUB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

7.4yrs

Average Tenure

70yo

Average Age

Experienced Board: OILCOUNTUB's board of directors are considered experienced (7.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kamineni Suryanarayana (83yo)

    Executive Chairman of the Board

    • Tenure: 11.8yrs
    • Compensation: ₹3.91m
  • Sridhar Kamineni (53yo)

    MD & Director

    • Tenure: 10yrs
    • Compensation: ₹4.94m
  • Priyanka Garg

    Company Secretary & Compliance Officer

    • Tenure: 1.3yrs
  • J. Reddy

    Chief Financial Officer

    • Tenure: 0.7yrs

Board Members

  • Kamineni Suryanarayana (83yo)

    Executive Chairman of the Board

    • Tenure: 11.8yrs
    • Compensation: ₹3.91m
  • Sridhar Kamineni (53yo)

    MD & Director

    • Tenure: 10yrs
    • Compensation: ₹4.94m
  • K. Ravindra Reddy (77yo)

    Independent Director

    • Tenure: 30.6yrs
    • Compensation: ₹165.00k
  • A. Vitthal (70yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: ₹165.00k
  • Lakshmi Annambotla (48yo)

    Non-Executive Independent Woman Director

    • Tenure: 0.2yrs

Company Information

Oil Country Tubular Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oil Country Tubular Limited
  • Ticker: OILCOUNTUB
  • Exchange: NSEI
  • Founded: 1985
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: ₹287.882m
  • Shares outstanding: 44.29m
  • Website: https://www.octlindia.com

Location

  • Oil Country Tubular Limited
  • 108, Kanchanjunga
  • King Koti
  • Hyderabad
  • Andhra Pradesh
  • 500001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500313BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1995
OILCOUNTUBNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1995

Biography

Oil Country Tubular Limited manufactures and sells drill pipes and allied products, and oil country tubular goods and related services for the oil drilling and exploration industry in India and internation ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:47
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.