AgenciesMotilal Oswal Financial Services has buy call on Oil India with a target price of Rs 315. The current market price of Oil India is Rs 258.15.
Oil India, incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 27993.92 Crore) operating in Gas & Petroleum sector.
Oil India key Products/Revenue Segments include Oil Crude, Gas Natural, Income From Transportation Services, Other Operating Revenue, Renewable Energy System and Condensate for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 10712.11 Crore, up 24.58 % from last quarter Total Income of Rs 8598.85 Crore and up 31.23 % from last year same quarter Total Income of Rs 8162.56 Crore. Company has reported net profit after tax of Rs 2799.95 Crore in latest quarter.
The company’s top management includes Dr.Ranjit Rath, Mr.Harish Madhav, Mr.Pankaj Kumar Goswami, Dr.Manas Kumar Sharma, Ms.Pooja Suri, Mr.Raju Revanakar, Mr.Samik Bhattacharya, Mr.Vinod Seshan, Ms.Mamta. Company has P A & Associates as its auditors. As on 31-12-2022, the company has a total of 108 Crore shares outstanding.
Promoter/FII Holdings
Promoters held 56.66 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.52 per cent, DIIs 16.04 per cent.
Oil India, incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 27993.92 Crore) operating in Gas & Petroleum sector.
Oil India key Products/Revenue Segments include Oil Crude, Gas Natural, Income From Transportation Services, Other Operating Revenue, Renewable Energy System and Condensate for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 10712.11 Crore, up 24.58 % from last quarter Total Income of Rs 8598.85 Crore and up 31.23 % from last year same quarter Total Income of Rs 8162.56 Crore. Company has reported net profit after tax of Rs 2799.95 Crore in latest quarter.
The company’s top management includes Dr.Ranjit Rath, Mr.Harish Madhav, Mr.Pankaj Kumar Goswami, Dr.Manas Kumar Sharma, Ms.Pooja Suri, Mr.Raju Revanakar, Mr.Samik Bhattacharya, Mr.Vinod Seshan, Ms.Mamta. Company has P A & Associates as its auditors. As on 31-12-2022, the company has a total of 108 Crore shares outstanding.
Investment RationaleAUSD1/mmBtu change in the gas pricechanges OINL’s standalone EBITDA by ~INR5b (7% FY24E standalone EBITDA).
Promoter/FII Holdings
Promoters held 56.66 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.52 per cent, DIIs 16.04 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Monday, 10 Apr, 2023Experience Your Economic Times Newspaper, The Digital Way!
- Front Page
- Pure Politics
- Brands & Companies
- Economy
- More
- Mauritius Authority Quizzes Investment Managers over Fees
Mauritius, which is often preferred by many international investors for its friendly laws and low expenses, is taking a closer look at the investment managers (IMs) who advise funds on the stocks to buy and sell in markets like India.
Mumbai Apple Store Zone No-go Area for 22 ‘Competing Brands’Apple has stipulated that about two dozen technology, electronics and ecommerce brands shouldn’t have any kind of presence near its soon-to-be-inaugurated store at Reliance Jio World Drive mall in Mumbai.
FM Sitharaman to be Chief Guest at April 28 ET AwardsThe long wait is over: Later this month, India Inc will finally come together for the most exclusive celebration of excellence. The Economic Times Awards for Corporate Excellence will be held in Mumbai on Friday, April 28.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by 
Get Unlimited Access to The Economic Times 
