Oil India logo

Oil India share price

NSE: OILBSE: 533106OilMid Cap

Oil India Limited · Face value ₹10 · Listed Sep 2009
Last close ₹447.50down ₹9.85 (2.15%)BSE ₹448.50

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

52-week range of traded prices to 28 Oct 2026
₹395.60Low, 10 Dec 2025₹531.00High, 14 May 2026
Market cap
₹72,791 Cr140th largest listed
P/E
8.71
P/B
1.26
Dividend yield
2.57%
ROE
15.5%
ROCE
11.1%
Debt to equity
0.56
Volume, NSE
8,30,77551.0% delivered

Oil India share price chart

Daily closes since Sep 2009, adjusted for splits and bonuses

+8.4%over a year · Nifty Oil & Gas −12.3% · Nifty 500 −8.8%

ResultsDividend20-session average 13,98,220 shares a day, 52.3% 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
    Itemquarter 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. 1. Exchange filing, 27 May 2026, page 2
  2. 2. Annual report, 25 Aug 2026, page 105
  3. 3. Annual report, 25 Aug 2026, page 51
  4. 4. Annual report, 25 Aug 2026, page 18
  5. 5. Annual report, 25 Aug 2026, page 520
  6. 6. Annual report, 25 Aug 2026, page 31
  7. 7. Annual report, 25 Aug 2026, page 36
  8. 8. Annual report, 25 Aug 2026, page 55
  9. 9. Annual report, 25 Aug 2026, page 15
  10. 10. Annual report, 25 Aug 2026, page 26
  11. 11. Annual report, 25 Aug 2026, page 16
  12. 12. Annual report, 25 Aug 2026, page 32
  13. 13. Earnings call, 10 Aug 2026, page 4
  14. 14. Investor presentation, 10 Aug 2026, page 8
  15. 15. Investor presentation, 10 Aug 2026, page 3
  16. 16. Annual report, 25 Aug 2026, page 95
  17. 17. Annual report, 25 Aug 2026, page 11
  18. 18. Annual report, 25 Aug 2026, page 12
  19. 19. Earnings call, 10 Aug 2026, page 4
  20. 20. Investor presentation, 10 Aug 2026, page 5
  21. 21. Annual report, 25 Aug 2026, page 12
  22. 22. Earnings call, 10 Aug 2026, page 4
  23. 23. Annual report, 25 Aug 2026, page 95
  24. 24. Annual report, 25 Aug 2026, page 48
  25. 25. Annual report, 25 Aug 2026, page 104
  26. 26. Annual report, 25 Aug 2026, page 14
  27. 27. Earnings call, 10 Aug 2026, page 4
  28. 28. Earnings call, 10 Aug 2026, page 10
  29. 29. Earnings call, 10 Aug 2026, page 11
  30. 30. Annual report, 25 Aug 2026, page 160
  31. 31. Investor presentation, 10 Aug 2026, page 11
  32. 32. Earnings call, 10 Aug 2026, page 9
  33. 33. Earnings call, 10 Aug 2026, page 10
  34. 34. Earnings call, 10 Aug 2026, page 20
  35. 35. Earnings call, 10 Aug 2026, page 17
  36. 36. Exchange filing, 30 Jul 2026, page 2
  37. 37. Exchange filing, 27 May 2026, page 2
  38. 38. Exchange filing, 13 Mar 2026, page 2
  39. 39. Exchange filing, 5 Aug 2026, page 2
  40. 40. Earnings call, 10 Aug 2026, page 22
  41. 41. Exchange filing, 5 Aug 2026, page 3

Results

Consolidated; ₹ crore.Oil India quarterly results

Revenue growth, 12 months
+15.8%
Net profit growth, 12 months
+27.3%

Quarter to Jun 2026, against the quarter before

Revenue
₹12,886 Crup 28.70%
Net profit
₹4,027 Crup 66.09%
Net margin
31.2%

Revenue by quarter

₹8,136 CrSep 24₹9,089 CrDec 24₹9,588 CrMar 25₹8,750 CrJun 25₹9,175 CrSep 25₹9,111 CrDec 25₹10,013 CrMar 26₹12,886 CrJun 26
Peak revenue ₹12,886 Cr, quarter to Jun 2026; lowest ₹8,136 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹2,069 CrSep 24₹1,457 CrDec 24₹1,497 CrMar 25₹2,047 CrJun 25₹1,644 CrSep 25₹1,436 CrDec 25₹2,424 CrMar 26₹4,027 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue8,1369,0899,5888,7509,1759,11110,01312,886
Net profit2,0691,4571,4972,0471,6441,4362,4244,027
Net margin25.4%16.0%15.6%23.4%17.9%15.8%24.2%31.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Refinery Products₹26,393 Crup 4.96%55.3%
  • CRUDE OIL (Including Condensate)₹14,496 Cr30.4%
  • NATURAL GAS₹5,637 Crup 2.22%11.8%
  • PIPELINE TRANSPORTATION₹936 Crup 63.61%2.0%
  • LPG₹166 Cr0.3%
  • RENEWABLE ENERGY₹111 Cr0.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to earnings

At or below today's level on 65% of 2,353 trading days over the last 10 years.

LowestHighest
Its median6.20Industry median20.53
Price to book

At or below today's level on 72% of 1,972 trading days since Nov 2018.

LowestHighest
Its median0.79Industry median1.46
Dividend yield

At or below today's level on 15% of 2,478 trading days over the last 10 years.

LowestHighest
Its median4.74%Industry median0.37%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Oil India shareholding pattern

Shareholding by group

  • Promoters56.66%
  • Foreign institutions7.14%
  • Indian institutions20.67%
  • Governments9.87%
  • Individuals and others5.67%
Holder
President of IndiaPromoter56.66%
LICI NEW PENSION PLUS GROWTH FUNDInsurance companies9.40%
INDIAN OIL CORPORATION LIMITEDGovernment-promoted companies4.93%
BHARAT PETROLEUM CORPORATION LTDGovernment-promoted companies2.47%
HINDUSTAN PETROLEUM CORPORATION LIMITEDGovernment-promoted companies2.47%
NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME ATALProvident and pension funds1.42%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.14 pts, Indian institutions +0.53 pts, mutual funds −0.85 pts.

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 again
9
Added
64
Cut
64
Held unchanged
80
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Oil & Natural Gas Corporation logoOil & Natural Gas CorporationONGC2,82,9186.500.76+7.0%+20.8%12.2%10.0%5.89%
Aegis Vopak Terminals logoAegis Vopak TerminalsAEGISVOPAK25,683–5.77–––7.0%0.09%
Vedanta Oil and Gas logoVedanta Oil and GasVOGL10,980––––––0.00%
Deep Industries logoDeep IndustriesDEEPINDS4,33921.012.17+48.8%–10.8%13.8%0.37%
Antelopus Selan Energy logoAntelopus Selan EnergyANTELOPUS3,72420.904.85+82.9%+210.1%26.3%30.7%0.00%
Prabha Energy logoPrabha EnergyPRABHA2,6472,411.59–––0.3%−0.1%0.00%
Dolphin Offshore Enterprises (India) logoDolphin Offshore Enterprises (India)DOLPHIN2,38033.046.73+73.9%+43.3%23.0%11.5%0.00%
Hindustan Oil Exploration Company logoHindustan Oil Exploration CompanyHINDOILEXP2,02480.621.46−17.8%−83.2%1.9%−0.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

6.3Mar 176.9Mar 186.8Mar 197.1Mar 203.3Mar 219.5Mar 2213Mar 2311Mar 2412Mar 2512Mar 26
Highest ₹13.33 a share, year to Mar 2023.
Ex-dateTypePer share
4 Sep 2026Final₹1.00
18 Feb 2026Interim₹7.00
21 Nov 2025Interim₹3.50
4 Sep 2025Final₹1.50
17 Feb 2025Interim₹7.00
14 Nov 2024Interim₹3.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Oil India announcements

Oil India share price by year

Each calendar year to 2025.Oil India share price history

YearClose at year endChangeHighest closeLowest close
2025424.35−1.5%491.70341.65
2024430.75+73.6%741.00243.20
2023248.10+78.7%255.13138.60
2022138.80+4.7%200.13113.07
2021132.60+85.2%173.4772.47
202071.60−29.8%105.5346.90
2019102.03−12.4%123.6394.90
2018116.53−29.4%170.91113.83
2017165.11+9.6%167.09115.38
2016150.70+18.0%150.70100.48
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026453.10457.70449.40457.35453.918,08,33656.1%
26 Oct 2026445.80456.00441.45454.90451.4111,56,15944.9%
23 Oct 2026458.00458.65445.60447.85449.4618,20,27040.5%
22 Oct 2026451.00456.90449.00456.90452.079,05,65141.3%
21 Oct 2026452.80454.00447.00454.00450.6613,83,25749.3%
19 Oct 2026447.20451.25444.90449.00449.009,25,31043.9%
16 Oct 2026445.40448.25441.55445.00445.606,24,87856.7%
15 Oct 2026447.75449.70443.00445.40446.204,72,73645.8%
14 Oct 2026445.85452.30442.70447.75448.7324,08,22258.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
2 Jul 2024Bonus0.6667Holders received 1 bonus share for every 2 held.
27 Mar 2018Bonus0.6667Holders received 1 bonus share for every 2 held.
12 Jan 2017Bonus0.7500Holders received 1 bonus share for every 3 held.
29 Mar 2012Bonus0.4000Holders received 3 bonus shares for every 2 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Ranjit Rath
At the end of the quarter to Jun 2026
NSE symbol
OIL
BSE code
533106
ISIN
INE274J01014
Industry
Oil
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