Oil India Ltd. share price target

OINL's revenue of INR24.7b (+6% YoY, +6% QoQ) was ahead of our estimate of INR23.1b, led by a higher sales-to-production ratio. Reported EBITDA of INR10.1b (+21% YoY, +16% QoQ) was significantly above our estimate of INR7.6b, led by lower other expenditure at USD4.7/boe v/s USD6.8/boe in 2QFY17 and USD5.4/boe in 1QFY18. PAT came in at INR6.5b (est. of INR5.4b; +11% YoY, +43% QoQ) the difference at the PAT level declined due to lower other income of INR3.3b (est. of INR4.6b; -15% YoY, +115% QoQ). Realization at USD50.1/bbl: In 2QFY18, gross realization stood at USD50.1/bbl...

Oil India Ltd. (OIL) is engaged in the business of exploration, development and production of crude oil and natural gas. It is also into transportation of crude oil and production of LPG. OIL's revenue increased by just 5% YoY in Q1FY18 as higher crude oil volume and realization waso ffset by lower gas volume and price....

Oil India's (OIL) Q1FY18 revenue and EBITDA was completely in-line with IDBIest while PAT is below expectation due to lower than estimated other income. OIL's revenue/EBITDA grew 5%/1.3% YoY to Rs23.3/Rs8.7 bn while PAT declined 8.9% YoY to Rs4.5 bn. Oil production volume rose 6% YoY to .831mmt while gas volume declined 1% to 724mmscm. Oil realization grew 12.3% YoY to US$48.4/bbl. Rise in crude oil volume rose to highest level in last ten quarters, which is a key positive. Further, oil and gas price are expected to rise in coming quarters which...

Revenue grew by 2.49% to Rs. 2435.53 Cr in Q4FY17 when compared to the previous quarter.

OIL India, is a leading Oil & Gas Navratna' company engaged in exploration, development, production and transportation of crude oil and natural gas. It is India's second largest Oil & Gas Company having over 5 decades of experience across Oil & Gas value chain. OIL has 101694 sq.km of licensed area for oil & gas exploration having global presence. The company has strong oil and gas reserve base with 2P...

Revenue increased by 5.96% to Rs. 2376.37 Cr in Q3FY17 when compared to the previous quarter. Also, it grew by 7.1% when compared with Q3FY16.

Oil India (OIL) reported 1% YoY decline in EBITDA to Rs 7.3bn. Impact of higher crude realisation ( 20%) was negated by lower gas prices (-35%). However, lower tax rate boosted PAT to Rs 4.5bn ( 18%).

Higher volume sparks light; Profits from Gas business disappoints Oil India's revenue increased 4.5% YoY to Rs24.5 bn owing to higher oil volume and realization offset by lower gas volume and price. Oil production volume grew 3.1% YoY to .831mmt (+2.5%...

OILs share price has moved up by 29% over the past 6-months led by stable crude prices and increase in IOCs share price (contributes Rs 97/sh in OILs fair value). However, OIL is still trading at significant discount to ONGC. Our SOTP target is Rs 470/sh (7.5x 12 months rolling forward standalone core EPS Rs 212/sh from investments). Maintain BUY.

Oil India's (OIL) Q2FY17 results were largely in line with our estimates where higher volume was offset by higher other expenses. OIL's revenue/EBITDA/PATdeclined7.9%/9%/17.7% YoY to Rs23/8.4/5.8 bn due to lower oil volume and realization offset by better gas volume. Oil production volume saw a decline of margin 1% YoY to .81mmt (+1.4% QoQ) while gas volume increased 5.8% YoY to 743mmscm (+1.6% QoQ). Also, its net oil realization dipped to US$44.6/bbl in Q2FY17 from US$46.4/bbl in Q2FY16 (better than IDBIest). We are raising TP...