Oil Country

What does Oil Country do?

Oil Country Tubular Ltd produces casing, tubing, and drill pipe for the oil and gas sector, with a market cap of Rs 372 Cr. As of March 2025, it reported net sales of 34 Cr and a net loss of 11 Cr.

Overview:<BR>Oil Country Tubular Ltd is engaged in the production of casing, tubing, and drill pipe primarily for the oil and gas sector, operating within the micro-cap market.<BR><BR>History:<BR>Incorporated in February 1985, Oil Country Tubular Ltd has established itself as a leading company in its field. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 34 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -11 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 372 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.11 <BR>Return on Equity: -13.77% <BR>Price to Book: 1.69<BR><BR>Contact Details:<BR>Address: 9 Kanchanjunga, King Kothi Road Hyderabad Telangana : 500001 <BR>Tel: 91-40-24785555 <BR>Email: demat@octlindia.com <BR>Website: http://www.octlindia.com

Has Oil Country declared dividend?

Yes, Oil Country Tubular Ltd has declared a 20% dividend, amounting to $2.00 per share, with an ex-date of May 29, 2014; however, the dividend yield is 0%. Despite this, the company has shown significant price appreciation, resulting in total returns of up to 1610.53% over five years.

Oil Country Tubular Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 2.0000<BR>- Ex-date: May-29-2014<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 23.32%, the dividend return was 0%, resulting in a total return of 23.32%.<BR><BR>In the 1-year period, the price return was 119.72%, the dividend return was 0%, leading to a total return of 119.72%.<BR><BR>Over the 2-year period, the price return reached 362.36%, with a dividend return of 0%, culminating in a total return of 362.36%.<BR><BR>In the 3-year period, the price return was 831.9%, the dividend return remained at 0%, resulting in a total return of 831.9%.<BR><BR>For the 4-year period, the price return was 1040.35%, with a dividend return of 0%, giving a total return of 1040.35%.<BR><BR>In the 5-year period, the price return soared to 1610.53%, while the dividend return was 0%, resulting in a total return of 1610.53%.<BR><BR>Overall, Oil Country Tubular Ltd has declared a dividend, but the dividend yield remains at 0%. The total returns over various periods indicate significant price appreciation, suggesting strong performance despite the lack of ongoing dividend income.

Who are the peers of the Oil Country?

Peers of Oil Country include Reliance Industries, ONGC, IOC, BPCL, HPCL, Rajasthan Gases, Aban Offshore, GP Petroleums, and DHP India. Oil Country has the highest 1-year return at 105.69%, while ONGC has the lowest at -16.16%.

Peers: The peers of Oil Country are Reliance Industr, ONGC, I O C L, B P C L, HPCL, Rajasthan Gases, Aban Offshore, GP Petroleums, and DHP India.<BR><BR>Quality Snapshot: Excellent management risk is observed at ONGC, I O C L, and B P C L, while Good management risk is found at Reliance Industr, HPCL, GP Petroleums, and DHP India. Average management risk is noted for Oil Country, while Rajasthan Gases and Aban Offshore do not qualify. Growth is Excellent for ONGC, I O C L, and B P C L, while Good growth is seen at Reliance Industr and the rest. Average growth is present at Oil Country, and Below Average growth is noted for GP Petroleums and DHP India. Capital Structure is Good for Reliance Industr, GP Petroleums, and DHP India, while Average is found at I O C L and B P C L, Below Average at HPCL, and the rest do not qualify.<BR><BR>Return Snapshot: Oil Country has the highest 1-year return at 105.69%, while ONGC has the lowest at -16.16%. Compared to these, Oil Country's return is significantly higher. Additionally, the six-month returns for ONGC, Rajasthan Gases, Aban Offshore, and GP Petroleums are negative.

Is Oil Country overvalued or undervalued?

As of April 25, 2023, Oil Country is rated as risky and overvalued with a PE ratio of -11.92, an EV to EBITDA of 9.39, and a ROE of -13.77%, despite its 112.70% one-year stock return outpacing the Sensex's 7.61%, indicating speculative interest amid financial challenges.

As of 25 April 2023, the valuation grade for Oil Country has moved from does not qualify to risky. The company is currently considered overvalued. Key ratios include a PE ratio of -11.92, an EV to EBITDA of 9.39, and a ROE of -13.77%. <BR><BR>In comparison with peers, JSW Steel has a PE of 64.98 and Tata Steel boasts a PE of 51.92, highlighting the significant disparity in valuation metrics. Additionally, Oil Country's recent stock performance has outpaced the Sensex, with a 1-year return of 112.70% compared to the Sensex's 7.61%, which may suggest a speculative interest despite its underlying financial challenges.

What is the technical trend for Oil Country?

As of March 26, 2025, the technical outlook for Oil Country is mildly bullish, supported by daily moving averages and Bollinger Bands, despite some mixed signals from indicators like the weekly MACD and KST.

As of 26 March 2025, the technical trend for Oil Country has changed from bullish to mildly bullish. The weekly MACD indicates a mildly bearish stance, while the monthly MACD remains bullish. The daily moving averages are bullish, supporting the mildly bullish outlook. Bollinger Bands are bullish on both weekly and monthly time frames. Dow Theory shows a mildly bullish trend on both weekly and monthly levels. However, the weekly KST and OBV are mildly bearish, which adds some caution to the overall assessment. The current price of 76.06 is below the previous close of 79.40, indicating some short-term weakness. Overall, the technical stance is mildly bullish, driven primarily by the daily moving averages and Bollinger Bands, despite some mixed signals from other indicators.

Who are in the management team of Oil Country?

As of March 2023, the management team of Oil Country includes K Suryanarayana (Executive Chairman), Sridhar Kamineni (Managing Director), and several independent directors: Sunil Tandon, Uma T, and Vijayarama Raju, along with Sudhir Kumar Palo (Company Secretary) and Dinakar Vemulapalli (Director).

As of March 2023, the management team of Oil Country includes the following individuals:<BR><BR>1. K Suryanarayana - Executive Chairman<BR>2. Sridhar Kamineni - Managing Director<BR>3. Sunil Tandon - Independent Director<BR>4. Uma T - Independent Director<BR>5. Sudhir Kumar Palo - Company Secretary & Compliance Officer<BR>6. Vijayarama Raju - Independent Director<BR>7. Dinakar Vemulapalli - Director<BR><BR>These members play various roles in the governance and management of the company.

Who are the top shareholders of the Oil Country?

The top shareholders of Oil Country include United Steel Allied Industries Private Limited, which holds 42.68%, and individual investors with 36.53%. The highest public shareholder is Rajagiridhar Kumar Nimmagadda at 3.14%, while institutional holdings are minimal.

The top shareholders of Oil Country include the promoters, who hold a significant majority of the shares. The promoter with the highest holding is United Steel Allied Industries Private Limited, which owns 42.68% of the company. Additionally, individual investors collectively hold 36.53% of the shares. <BR><BR>In terms of institutional holdings, there are five mutual fund schemes that hold a small percentage (0.05%), and two foreign institutional investors (FIIs) that hold 0.07%. The highest public shareholder is Rajagiridhar Kumar Nimmagadda, with a holding of 3.14%. <BR><BR>Overall, the promoter group has a strong presence in the company's shareholding structure.

How big is Oil Country?

As of 24th July, Oil Country Tubular Ltd has a market capitalization of 481.00 Cr and reported Net Sales of 122.90 Cr with a Net Profit loss of 31.87 Cr over the latest four quarters. The balance sheet for March 2024 shows Shareholder's Funds of 194.76 Cr and Total Assets of 426.90 Cr.

As of 24th July, Oil Country Tubular Ltd has a market capitalization of 481.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 122.90 Cr. However, it experienced a loss of 31.87 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 194.76 Cr and Total Assets amounting to 426.90 Cr.

When is the next results date for Oil Country?

The next results date for Oil Country is 30 October 2025.

The next results date for Oil Country is scheduled for 30 October 2025.

How has been the historical performance of Oil Country?

Oil Country's historical performance shows a significant recovery in net sales and operating income, reaching 122.90 Cr in March 2025, while operating profit improved to 43.15 Cr. However, the company still reported negative profit before tax at -29.10 Cr and profit after tax at -31.86 Cr, despite a positive cash flow from operations of 30.00 Cr.

Answer:<BR>The historical performance of Oil Country shows significant fluctuations in financial metrics over the years, with a notable increase in net sales in March 2025 reaching 122.90 Cr, up from just 18.24 Cr in March 2024 and 0.27 Cr in March 2023. Total operating income followed a similar trend, rising to 122.90 Cr in March 2025 from 18.24 Cr in the previous year. However, the company faced challenges with total expenditure, which increased to 79.75 Cr in March 2025 from 18.13 Cr in March 2024. Operating profit, excluding other income, improved to 43.15 Cr in March 2025, a significant recovery from a loss of 14.10 Cr in March 2023. Despite this, the profit before tax remained negative at -29.10 Cr in March 2025, although it was an improvement from -76.47 Cr in March 2024. The profit after tax also showed a loss of -31.86 Cr in March 2025, compared to -70.45 Cr in March 2024. The company's total liabilities decreased to 382.01 Cr in March 2025 from 426.90 Cr in March 2024, while total assets also declined to 382.01 Cr from 496.63 Cr in the previous year. Cash flow from operating activities turned positive at 30.00 Cr in March 2025, contrasting with a negative cash flow of -18.00 Cr in March 2024.<BR><BR>Breakdown:<BR>Oil Country's financial performance has shown a remarkable increase in net sales, which surged to 122.90 Cr in March 2025 from a mere 0.27 Cr in March 2023, indicating a strong recovery. Total operating income mirrored this growth, reaching 122.90 Cr in March 2025. However, the company faced rising total expenditures, which climbed to 79.75 Cr in March 2025. Operating profit also saw a significant improvement, moving to 43.15 Cr in March 2025 from a loss of 14.10 Cr in March 2023. Despite these gains, the profit before tax remained negative at -29.10 Cr, though it was an improvement from -76.47 Cr in the previous year. The profit after tax also reflected a loss of -31.86 Cr in March 2025. On the balance sheet, total liabilities decreased to 382.01 Cr, while total assets fell to the same figure, indicating a tightening of the company's financial position. Cash flow from operating activities turned positive at 30.00 Cr, contrasting with the previous year's negative cash flow, suggesting improved operational efficiency.

Are Oil Country latest results good or bad?

The latest results for Oil Country Tubular are negative, with a net loss of ₹21.57 crores in Q2 FY26, a 63.90% decline from the previous quarter, and revenue dropping by 59.10%. The company faces significant operational challenges and a bleak outlook without a credible turnaround strategy.

The latest results for Oil Country Tubular are decidedly negative. The company reported a net loss of ₹21.57 crores for Q2 FY26, which marks a significant deterioration of 63.90% compared to the previous quarter. Revenue also plummeted by 59.10% quarter-on-quarter and 55.05% year-on-year, dropping to just ₹10.05 crores. This sharp decline in sales indicates severe operational distress and raises concerns about the sustainability of its business model.<BR><BR>The operating margin has turned deeply negative at -22.99%, reflecting the lowest level on record for the company. Additionally, the return on equity (ROE) is below the peer average, further highlighting its underperformance in comparison to industry rivals. <BR><BR>Overall, the financial metrics suggest that Oil Country is facing significant challenges, and the outlook appears bleak without a credible turnaround strategy. Investors should be cautious, as the company is currently in a precarious position with no clear path to recovery.

Should I buy, sell or hold Oil Country?

Why is Oil Country Tubular Ltd falling/rising?

As of 20-Jan, Oil Country Tubular Ltd's stock price is Rs 48.82, down 7.94%, with a 52-week low of Rs 48.5. The company faces significant financial challenges, including a 55.05% drop in net sales and a high debt-to-equity ratio, leading to declining investor confidence and substantial underperformance compared to the market.

As of 20-Jan, Oil Country Tubular Ltd's stock price is falling, currently at Rs 48.82, which reflects a decrease of Rs 4.21 or 7.94%. The stock has been on a downward trend, having lost 20.49% over the past week and 21.70% over the past month. Today, the stock hit a new 52-week low of Rs 48.5, marking an intraday decline of 8.54%. <BR><BR>The company's financial performance has been poor, with net sales for the quarter falling by 55.05% to Rs 10.05 crore, and a significant loss reported with a PAT of Rs -21.57 crore, down 63.9%. Additionally, the company has a high debt-to-equity ratio of 14.48 times, indicating financial instability. This has contributed to negative operating profits and a lack of long-term growth, as evidenced by an annual operating profit growth rate of only 3.32% over the last five years.<BR><BR>Investor sentiment appears to be declining as well, with promoter confidence waning; promoters have reduced their stake in the company by 9.5% in the last quarter. This reduction may signal a lack of confidence in the company's future prospects. Furthermore, the stock has underperformed the broader market significantly, generating a return of -33.48% over the past year compared to a positive return of 6.63% for the Sensex.<BR><BR>Overall, the combination of poor financial results, high debt levels, declining promoter confidence, and significant underperformance relative to the market are key factors contributing to the stock's decline.

Which are the latest news on Oil Country?