OIL INDIA LTD. 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

OIL INDIA LTD. 2017-18 Annual Report Analysis
Wed, 19 Dec

OIL INDIA LTD. has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

OIL INDIA LTD. Income Statement Analysis

  • Operating income during the year rose 11.8% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 25.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 36.7% in FY18 as against 32.6% in FY17.
  • Depreciation charges increased by 12.4% and finance costs increased by 25.7% YoY, respectively.
  • Other income declined by 28.9% YoY.
  • Net profit for the year grew by 71.3% YoY.
  • Net profit margins during the year grew from 14.5% in FY17 to 23.4% in FY18.

OIL INDIA LTD. Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 95,664 106,978 11.8%
Other income Rs m 14,198 10,101 -28.9%
Total Revenues Rs m 109,861 117,078 6.6%
Gross profit Rs m 31,205 39,275 25.9%
Depreciation Rs m 11,804 13,266 12.4%
Interest Rs m 4,406 5,537 25.7%
Profit before tax Rs m 29,193 30,573 4.7%
Tax Rs m 6,955 11,245 61.7%
Profit after tax Rs m 15,966 27,346 71.3%
Gross profit margin % 32.6 36.7
Effective tax rate % 23.8 36.8
Net profit margin % 14.5 23.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



OIL INDIA LTD. Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 44 billion as compared to Rs 85 billion in FY17, thereby witnessing an decrease of -48.8%.
  • Long-term debt stood at Rs 107 billion as compared to Rs 89 billion during FY17, a growth of 19.5%.
  • Current assets fell 28% and stood at Rs 85 billion, while fixed assets rose 7% and stood at Rs 133 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 486 billion as against Rs 512 billion during FY17, thereby witnessing a fall of 5%.

OIL INDIA LTD. Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 295,194 290,300 -1.7
 
Current Liabilities Rs m 85,402 43,762 -48.8
Long-term Debt Rs m 89,475 106,898 19.5
Total Liabilities Rs m 512,343 486,345 -5.1
 
Current assets Rs m 118,930 85,084 -28.5
Fixed Assets Rs m 124,440 133,085 6.9
Total Assets Rs m 512,343 486,345 -5.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



OIL INDIA LTD. Cash Flow Statement Analysis

  • OIL INDIA LTD.'s cash flow from operating activities (CFO) during FY18 stood at Rs 39 billion, an improvement of 26.3% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs 15 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -57 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 124 million from the Rs 68 million net cash flows seen during FY17.

OIL INDIA LTD. Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 31,139 39,331 26.3%
Cash Flow from Investing Activities Rs m -61,393 14,601 -
Cash Flow from Financing Activities Rs m 27,580 -57,000 -
Net Cash Flow Rs m 68 124 81.6%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for OIL INDIA LTD.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 36.1, an improvement from the EPS of Rs 19.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 179.9, stands at 4.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.8 times, while the price to sales ratio stands at 2.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 4.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 119.4 141.4
TTM Earnings per share Rs 19.9 36.1
Diluted earnings per share Rs 19.9 34.1
Price to Cash Flow x 6.4 4.4
TTM P/E ratio x 4.6 4.6
Price / Book Value ratio x 1.1 0.8
Market Cap Rs m 144,192 144,195
Dividends per share (Unadj.) Rs 9.5 14.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for OIL INDIA LTD.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x during FY18, from 1.4x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 6.5x during FY18, from 7.6x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 9.4% during FY18, from 5.4% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 11.1% during FY18, from 7.1% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 6.8% during FY18, from 4.0% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 1.4 1.9
Debtors’ Days Days 39 48
Interest coverage x 7.6 6.5
Debt to equity ratio x 0.3 0.4
Return on assets % 4.0 6.8
Return on equity % 5.4 9.4
Return on capital employed % 7.1 11.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how OIL INDIA LTD. has performed over the last 5 years, please visit here.

OIL INDIA LTD. Share Price Performance

Over the last one year, OIL INDIA LTD. share price has moved up from Rs 353.4 to Rs 179.9, registering a loss of Rs 173.5 or around 49.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,805.0 (up 1.1%). Over the last one year it has moved down from 16,410.2 to 13,805.0, a loss of 2,605 points (down 15.9%).

Overall, the S&P BSE SENSEX is up 8.6% over the year.

(To know more, check out historical annual results for OIL INDIA LTD. and quarterly results for OIL INDIA LTD.)

Equitymaster requests your view! Post a comment on "OIL INDIA LTD. 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

OIL INDIA Announces Quarterly Results (3QFY20); Net Profit Down 67.1% (Quarterly Result Update)

Feb 12, 2020 | Updated on Feb 12, 2020

For the quarter ended December 2019, OIL INDIA has posted a net profit of Rs 4 bn (down 67.1% YoY). Sales on the other hand came in at Rs 30 bn (down 16.0% YoY). Read on for a complete analysis of OIL INDIA's quarterly results.

OIL INDIA Announces Quarterly Results (2QFY20); Net Profit Down 27.2% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, OIL INDIA has posted a net profit of Rs 6 bn (down 27.2% YoY). Sales on the other hand came in at Rs 32 bn (down 14.2% YoY). Read on for a complete analysis of OIL INDIA's quarterly results.

OIL INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

Here's an analysis of the annual report of OIL INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of OIL INDIA. Also includes updates on the valuation of OIL INDIA.

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

TRACK OIL INDIA

  • Track your investment in OIL INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

OIL INDIA - CONOCOPHILLIPS COMPARISON

COMPARE OIL INDIA WITH

MARKET STATS