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Motilal Oswal has buy call on Ltd. with a target price of Rs 200. The current market price of Oil India Ltd. is Rs 162.75. Time period given by analyst is one year when Oil India Ltd. price can reach defined target.
Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 17583.63 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 6276.58 Crore, down -12.75 % from last quarter Total Income of Rs 7193.40 Crore and up 233.88 % from last year same quarter Total Income of Rs 1879.89 Crore. Company reported net profit after tax of Rs 1036.82 Crore in latest quarter.
Investment Rationale
The stock trades at 6.2x FY23E EPS of INR26.8. It uses a SoTP-based fair value of 8x Sep’23E adjusted EPS of INR23.7 and add investments to arrive at the TP of INR200.
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.
Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 17583.63 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 6276.58 Crore, down -12.75 % from last quarter Total Income of Rs 7193.40 Crore and up 233.88 % from last year same quarter Total Income of Rs 1879.89 Crore. Company reported net profit after tax of Rs 1036.82 Crore in latest quarter.
Did you Know?
Stock score of Oil India Ltd moved up by 3 in an year on a 10-point scale.
View Latest Stock Report »Investment Rationale
The stock trades at 6.2x FY23E EPS of INR26.8. It uses a SoTP-based fair value of 8x Sep’23E adjusted EPS of INR23.7 and add investments to arrive at the TP of INR200.
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.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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