Oil India share price
Share price at the NSE close on 28 Oct 2026. Previous close ₹457.35.
28 Oct: open ₹455.50, high ₹455.50, low ₹445.20
- Next results date: the board meets on 12 Nov 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹72,791 Cr140th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 8.71
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.26
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.57%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 15.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.56
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 8,30,77551.0% delivered
About Oil India
Oil India Limited (OIL) explores for and produces crude oil and natural gas, mainly in Assam, Arunachal Pradesh and Rajasthan, and also offshore, and carries crude oil, gas and fuels through its own pipelines.123 Its subsidiary Numaligarh Refinery Limited (NRL) runs a crude oil refinery at Numaligarh in Assam.42 Most of the group's sales go to public sector undertakings (companies owned by the government).5
Oil India organises its business in 5 pillars: upstream (exploration and production), midstream (pipelines), downstream (refining and city gas distribution), green energy and new businesses.67 Its wholly owned subsidiary OIL Green Energy Limited builds renewable power and compressed biogas (fuel gas made from waste) projects, and joint ventures run its city gas networks (piped gas and vehicle fuel) in 9 geographical areas.89 Outside India, Oil India holds stakes in 6 oil and gas projects in 5 countries: Venezuela, Russia, Nigeria, Mozambique and Libya.10 Oil India also holds 2 licences to explore for critical minerals: graphite and vanadium in Arunachal Pradesh, and potash and halite in Rajasthan.11
Oil India's history goes back to Burmah Oil, founded in 1889; the company was incorporated in 1959 as a joint venture between Burmah Oil and the Government of India, and it bought a majority stake in NRL in 2021.12 Oil India is a Maharatna central public sector enterprise (a company the central government controls, with wide freedom to invest) under the Ministry of Petroleum & Natural Gas.1
Oil India key points
Results
- In the quarter to Jun 2026, consolidated operating revenue was ₹12,886 crore, EBITDA (earnings before interest, tax, depreciation and amortisation) ₹6,322 crore and profit after tax ₹4,026 crore, its highest since listing.131415
- In the year to Mar 2026, consolidated total income was ₹38,980.70 crore, against ₹37,830.04 crore a year earlier, and profit after tax ₹7,551 crore, against ₹7,040 crore.161718
- On a standalone basis (excluding subsidiaries), operating revenue of ₹7,958 crore and EBITDA of ₹4,605 crore in the quarter to Jun 2026 were its highest for a quarter since listing; profit after tax was ₹2,870 crore, against ₹813 crore a year earlier.19
Revenue mix
- Standalone revenue by product20
Item quarter to Jun 2026 Crude oil ₹6,111 crore Natural gas ₹1,527 crore Pipeline transport ₹184 crore
Oil and gas production
- In the year to Mar 2026 Oil India produced 3.450 million tonnes (MMT) of crude oil and 3.186 billion cubic metres of gas; its reserve replacement ratio (reserves added per unit produced) rose to 1.02 from 0.94.21
- Crude oil output in the quarter to Jun 2026 was 0.95 MMT, up more than 11% from a year earlier, and daily output reached a record 10,921 tonnes on 27 Jun 2026.22
- It drilled 74 wells in the year to Mar 2026, 22 exploratory and 52 development, its most in a year, and did a record 307 workover jobs (repairs that restore output from existing wells).2324
Refining
- NRL processed a record volume of crude oil in the year to Mar 2026, above its design capacity, and its distillate yield (share of crude turned into fuels) of 87.25% was the highest among public sector refineries.2526
- In the quarter to Jun 2026, NRL's gross refining margin (earnings per barrel above the cost of crude) was $35.95, including about $2 of inventory gains, against $5.02 a year earlier, and its profit after tax ₹1,305 crore, against ₹488 crore.2728
- On its earnings call of 10 Aug 2026, the company said it expects the expansion of NRL from 3 to 9 million tonnes a year to have all units commissioned by 31 Mar 2027 and to reach about 75% utilisation by Mar 2028.2921
Pipelines
- It runs 1,243 km of crude oil pipelines and a 654 km product pipeline; crude oil carried rose to a record 7.453 MMT in the year to Mar 2026, from 7.145 MMT.30
- Transportation revenue was ₹936.20 crore in the year to Mar 2026, including ₹263.11 crore of arrears from a tariff revision, against ₹572.23 crore a year earlier.30
- In its presentation of 10 Aug 2026, the company said the feeder line to carry gas from its fields to the national grid, with capacity of 3.5 million standard cubic metres a day, is expected to be completed by Mar 2028.31
What the company expects
- On its earnings call of 10 Aug 2026, the company said it targets 100 wells in the year to Mar 2027, including 42 exploratory and 57 development wells.3233
- On its earnings call of 10 Aug 2026, the company said it expects crude oil output of at least 3.9 MMT in the year to Mar 2027, possibly 4, and targets about 4.2 MMT in the year to Mar 2029.3435
- On its earnings call of 10 Aug 2026, the company said its standalone capital spending budget for the year to Mar 2027 is ₹8,600 crore, subject to revision, after ₹13,026 crore spent a year earlier.33
Recent events
- On 30 Jul 2026 it signed a memorandum of understanding (a non-binding agreement) with the Municipal Corporation of Delhi for compressed biogas plants, starting with 2 plants taking 500 and 300 tonnes of waste a day.36
- On 27 May 2026 its subsidiary OIL Green Energy signed an agreement with Hindustan Waste Treatment to form a 50:50 joint venture for compressed biogas and waste-to-energy projects.37
- On 13 Mar 2026 the Prime Minister inaugurated the expansion of its Numaligarh-Siliguri product pipeline from 1.72 to 5.5 MMT a year, completed for about ₹750 crore against an approved ₹860 crore.38
Litigation and regulatory matters
- On 29 Jul 2026, in its dispute over goods and services tax (GST) on royalty, the company's counsel told the court it would deposit the GST within 6 weeks, subject to the final outcome; the company's documents give no later outcome.39
- On its earnings call of 10 Aug 2026, the company said the GST on royalty is about ₹2,500 crore without interest and that it has been providing for it.40
- On 29 Jul 2026 Assam told the Supreme Court it wishes to withdraw a land tax under which it had demanded about ₹2,484.81 crore for 2005 to 2024, which the company had challenged, and the court disposed of the case.41
Last updated
All 41 sources, each with its page
- 1. Exchange filing, 27 May 2026, page 2
- 2. Annual report, 25 Aug 2026, page 105
- 3. Annual report, 25 Aug 2026, page 51
- 4. Annual report, 25 Aug 2026, page 18
- 5. Annual report, 25 Aug 2026, page 520
- 6. Annual report, 25 Aug 2026, page 31
- 7. Annual report, 25 Aug 2026, page 36
- 8. Annual report, 25 Aug 2026, page 55
- 9. Annual report, 25 Aug 2026, page 15
- 10. Annual report, 25 Aug 2026, page 26
- 11. Annual report, 25 Aug 2026, page 16
- 12. Annual report, 25 Aug 2026, page 32
- 13. Earnings call, 10 Aug 2026, page 4
- 14. Investor presentation, 10 Aug 2026, page 8
- 15. Investor presentation, 10 Aug 2026, page 3
- 16. Annual report, 25 Aug 2026, page 95
- 17. Annual report, 25 Aug 2026, page 11
- 18. Annual report, 25 Aug 2026, page 12
- 19. Earnings call, 10 Aug 2026, page 4
- 20. Investor presentation, 10 Aug 2026, page 5
- 21. Annual report, 25 Aug 2026, page 12
- 22. Earnings call, 10 Aug 2026, page 4
- 23. Annual report, 25 Aug 2026, page 95
- 24. Annual report, 25 Aug 2026, page 48
- 25. Annual report, 25 Aug 2026, page 104
- 26. Annual report, 25 Aug 2026, page 14
- 27. Earnings call, 10 Aug 2026, page 4
- 28. Earnings call, 10 Aug 2026, page 10
- 29. Earnings call, 10 Aug 2026, page 11
- 30. Annual report, 25 Aug 2026, page 160
- 31. Investor presentation, 10 Aug 2026, page 11
- 32. Earnings call, 10 Aug 2026, page 9
- 33. Earnings call, 10 Aug 2026, page 10
- 34. Earnings call, 10 Aug 2026, page 20
- 35. Earnings call, 10 Aug 2026, page 17
- 36. Exchange filing, 30 Jul 2026, page 2
- 37. Exchange filing, 27 May 2026, page 2
- 38. Exchange filing, 13 Mar 2026, page 2
- 39. Exchange filing, 5 Aug 2026, page 2
- 40. Earnings call, 10 Aug 2026, page 22
- 41. Exchange filing, 5 Aug 2026, page 3
Results
Consolidated; ₹ crore.Oil India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +15.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +27.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹12,886 Crup 28.70%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹4,027 Crup 66.09%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 31.2%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,136what Revenue, Sep 2024, includes. This period's revenue includes excise duty of ₹889 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,089what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹752 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,588what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹779 crore, a tax on the goods the company makes that it collects and pays to the government. | 8,750what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹821 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,175what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹781 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,111what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹781 crore, a tax on the goods the company makes that it collects and pays to the government. | 10,013what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹720 crore, a tax on the goods the company makes that it collects and pays to the government. | 12,886what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹383 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 2,069 | 1,457 | 1,497 | 2,047 | 1,644 | 1,436 | 2,424 | 4,027 |
| Net margin | 25.4% | 16.0% | 15.6% | 23.4% | 17.9% | 15.8% | 24.2% | 31.2% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹37,050 Crup 2.45%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹7,551 Crup 7.26%
- Net margin
- 20.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹22,498 Cr, differs from its quarters added, ₹12,568 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9,566 | 10,698 | 13,780 | 12,167 | 22,498 | 30,011 | 41,039 | 36,304 | 36,164what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹3,651 crore, a tax on the goods the company makes that it collects and pays to the government. | 37,050what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹3,103 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 1,597 | 2,735 | 3,238 | 3,816 | 4,146 | 6,719 | 9,854 | 6,980 | 7,040 | 7,551 |
| Net margin | 16.7% | 25.6% | 23.5% | 31.4% | 18.4% | 22.4% | 24.0% | 19.2% | 19.5% | 20.4% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Refinery ProductsRefinery Products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹26,393 Crup 4.96%55.3%
- CRUDE OIL (Including Condensate)CRUDE OIL (Including Condensate), share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹14,496 Cr30.4%
- NATURAL GASNATURAL GAS, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,637 Crup 2.22%11.8%
- PIPELINE TRANSPORTATIONPIPELINE TRANSPORTATION, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹936 Crup 63.61%2.0%
- LPGLPG, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹166 Cr0.3%
- RENEWABLE ENERGYRENEWABLE ENERGY, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹111 Cr0.2%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.Oil India PE ratio and valuation
At or below today's level on 65% of 2,353 trading days over the last 10 years.
At or below today's level on 72% of 1,972 trading days since Nov 2018.
At or below today's level on 15% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +25.4% | +1.1% | +21.6% | 2.4% |
| 3 years | +44.2% | −8.8% | +55.2% | 2.7% |
| 5 years | +46.6% | +13.4% | +25.3% | 4.4% |
Mutual fund holdings
218 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 106 of the 128 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 218 funds holding Oil India
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 9
- AddedAdded. Funds that held more shares than at the end of the month before.
- 64
- CutCut. Funds that held fewer shares than at the end of the month before.
- 64
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 80
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 1,53,68,326 | 3.70% | ₹689.5 Cr | |
| 59,11,604 | 1.53% | ₹265.2 Cr | |
| 54,74,298 | 3.06% | ₹245.6 Cr | |
| 50,73,377 | 0.45% | ₹227.6 Cr | |
| 49,13,830 | 1.13% | ₹220.5 Cr | |
| 48,30,162 | 1.42% | ₹216.7 Cr | |
| 45,00,000 | 2.45% | ₹201.9 Cr | |
| 41,82,448 | 0.91% | ₹187.6 Cr | |
| 41,00,330 | 2.47% | ₹184.0 Cr | |
| 37,34,792 | 0.46% | ₹167.6 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Oil India insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Oil India competitors and peers
Oil, 22 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Oil India in market cap.Oil and gas companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,82,918 | 6.50 | 0.76 | +7.0% | +20.8% | 12.2% | 10.0% | 5.89% | |
| 25,683 | – | 5.77 | – | – | – | 7.0% | 0.09% | |
| 10,980 | – | – | – | – | – | – | 0.00% | |
| 4,339 | 21.01 | 2.17 | +48.8% | – | 10.8% | 13.8% | 0.37% | |
| 3,724 | 20.90 | 4.85 | +82.9% | +210.1% | 26.3% | 30.7% | 0.00% | |
| 2,647 | 2,411.59 | – | – | – | 0.3% | −0.1% | 0.00% | |
| 2,380 | 33.04 | 6.73 | +73.9% | +43.3% | 23.0% | 11.5% | 0.00% | |
| 2,024 | 80.62 | 1.46 | −17.8% | −83.2% | 1.9% | −0.1% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Oil India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 4 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.00 |
| 18 Feb 2026 | Interim | ₹7.00 |
| 21 Nov 2025 | Interim | ₹3.50 |
| 4 Sep 2025 | Final | ₹1.50 |
| 17 Feb 2025 | Interim | ₹7.00 |
| 14 Nov 2024 | Interim | ₹3.00 |
Latest announcements
Routine notices left out.Oil India announcements
Oct 2026
21 Oct · General Updates
13 Oct
Sep 2026
30 Sep · General Updates
Oil India share price by year
Each calendar year to 2025.Oil India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 424.35 | −1.5% | 491.70 | 341.65 |
| 2024 | 430.75 | +73.6% | 741.00 | 243.20 |
| 2023 | 248.10 | +78.7% | 255.13 | 138.60 |
| 2022 | 138.80 | +4.7% | 200.13 | 113.07 |
| 2021 | 132.60 | +85.2% | 173.47 | 72.47 |
| 2020 | 71.60 | −29.8% | 105.53 | 46.90 |
| 2019 | 102.03 | −12.4% | 123.63 | 94.90 |
| 2018 | 116.53 | −29.4% | 170.91 | 113.83 |
| 2017 | 165.11 | +9.6% | 167.09 | 115.38 |
| 2016 | 150.70 | +18.0% | 150.70 | 100.48 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 453.10 | 457.70 | 449.40 | 457.35 | 453.91 | 8,08,336 | 56.1% |
| 26 Oct 2026 | 445.80 | 456.00 | 441.45 | 454.90 | 451.41 | 11,56,159 | 44.9% |
| 23 Oct 2026 | 458.00 | 458.65 | 445.60 | 447.85 | 449.46 | 18,20,270 | 40.5% |
| 22 Oct 2026 | 451.00 | 456.90 | 449.00 | 456.90 | 452.07 | 9,05,651 | 41.3% |
| 21 Oct 2026 | 452.80 | 454.00 | 447.00 | 454.00 | 450.66 | 13,83,257 | 49.3% |
| 19 Oct 2026 | 447.20 | 451.25 | 444.90 | 449.00 | 449.00 | 9,25,310 | 43.9% |
| 16 Oct 2026 | 445.40 | 448.25 | 441.55 | 445.00 | 445.60 | 6,24,878 | 56.7% |
| 15 Oct 2026 | 447.75 | 449.70 | 443.00 | 445.40 | 446.20 | 4,72,736 | 45.8% |
| 14 Oct 2026 | 445.85 | 452.30 | 442.70 | 447.75 | 448.73 | 24,08,222 | 58.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 2 Jul 2024 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 27 Mar 2018 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 12 Jan 2017 | Bonus | 0.7500 | Holders received 1 bonus share for every 3 held. |
| 29 Mar 2012 | Bonus | 0.4000 | Holders received 3 bonus shares for every 2 held. |
Company details
- NSE symbol
- OIL
- BSE code
- 533106
- ISIN
- INE274J01014
- Industry
- Oil
- Website
- www.oil-india.com
- CIN
- L11101AS1959GOI001148
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1959
- Registered office
- P O Duliajan, Duliajan, Dibrugarh 786602, Assam
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments