1.At a Glance

Oil India Ltd is a ₹69,147 Cr market cap PSU drilling, transporting, and selling hydrocarbons while throwing in a respectable dividend yield of 2.35%. With Maharatna status in its CV since August 2023, it’s basically the oil-and-gas equivalent of a VIP pass. Despite a -36% one-year price drop, the P/E sits at a modest 10.5, making it cheaper than most coffee chains per litre. Net profit TTM? ₹7,070 Cr. ROE at 13.4% and ROCE at 13% suggest it’s more than just government-backed dead weight — this one actually sweats for its paycheck.

2.Introduction

In the world of flashy EV pitches and AI-fuelled IPOs, Oil India is like that seasoned uncle who still runs marathons while younger folks gasp for breath. Born in the swamps of Assam and now sprawled across India’s energy map, it’s a state-backed cash machine that’s quietly extracting, processing, and selling the stuff that still keeps 80% of our economy alive.

Over the past decade, it’s seen revenue climb from ₹9,690 Cr (FY14) to ₹32,321 Cr (TTM) while profit margins stayed in the 30–40% zone — the kind of stability most startups would sacrifice their cap tables for. The past year’s stock price slide isn’t because the oil’s gone; it’s the market’s classic PSU discounting, combined with global crude volatility. Yet, when your EPS is ₹40.34 and dividend payout hovers around 29%, you can afford to ignore short-term noise — and maybe even laugh at it.

3.Business Model (WTF Do They Even Do?)

Oil India is in the upstream oil & gas game. That means they explore, drill, and produce crude oil and natural gas — think treasure hunting, but the treasure is smelly, flammable, and sells for billions. They also produce LPG, transport crude via pipelines, dabble in renewable energy, and offer exploration services to other oil