# Oil India (OIL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/oil

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹443.9
- Change: +0.94%
- As of: 2026-11-06
- 1D return: +0.94%
- 5D return: -2.22%
- 1M return: -0.69%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

OIL (2026-11-06) is trading at ₹443.9, reflecting a near-term bearish structure against a longer-term bullish context. Daily momentum is weak and negative: the price sits below all key moving averages (EMA/SMA 20/50/200) and the daily Supertrend, with an ADX of 17.59 indicating low trend conviction. This daily weakness contrasts sharply with the monthly horizon, where the Supertrend remains bullish and ADX stands at 25.73, suggesting the broader uptrend is intact despite recent pullbacks.

Participation spiked on 2026-11-05 with a volume ratio of 5.83 accompanying a -4.0% drop, signaling significant selling pressure. The stock is positioned in the lower-middle of its 252-day range (+35.7%) and near the lower end of its 50-day range (+18.7%). Immediate support lies at the pivot level of ₹440.15 (-0.84%), while resistance clusters begin at ₹452.6 (+1.96%). Annualized volatility is elevated at 33.0%, and the current drawdown is -14.4%.

The setup requires confirmation to shift bias. A sustained move above ₹452.6 with rising volume would challenge the daily bearishness. Conversely, a break below ₹440.15 risks testing the next support at ₹427.3 (-3.74%).

- Daily Trend: Bearish. Price below all MAs and daily Supertrend; ADX 17.59 indicates weak trend strength.
- Monthly Context: Bullish. Supertrend remains up with ADX 25.73, providing higher-timeframe support.
- Key Levels: Support at ₹440.15 (-0.84%); Resistance at ₹452.6 (+1.96%). Break of ₹440.15 targets ₹427.3.
- Risk & Participation: High volatility (33.0% annualized). Extreme volume spike (5.83x) on 2026-11-05 accompanied a -4.0% decline.

- Inside Bar
- Bullish Engulfing Reversal
- Doji
- Harami

### News Context

Oil India Limited’s developments in the seven-day window are dominated by a regulatory and legal challenge regarding exploration rights, occurring alongside significant market volatility driven by crude oil price swings. On November 3, Oil India approached the Supreme Court to challenge the Environment Ministry’s rejection of its proposal to drill beneath Assam’s Dibru-Saikhowa National Park. The company cited energy security concerns, noting that the region holds approximately 3% of India’s total hydrocarbon reserves, against a backdrop where the nation imports 80-85% of its crude requirements. The Supreme Court issued notices to the Central and Assam governments on this matter.

Concurrently, upstream producers faced headwinds from falling crude prices. Between November 5 and 6, shares of Oil India fell up to 5% as global crude declined for four consecutive days, dropping below $95 a barrel following US midterm election results that raised hopes for geopolitical de-escalation. While broader Indian equities rallied due to lower energy costs benefiting downstream sectors, upstream companies like Oil India and ONGC saw their stocks decline amid the price drop.

- On November 3, Oil India filed a petition in the Supreme Court challenging the rejection of drilling proposals at Dibru-Saikhowa National Park, arguing the site’s reserves (approx. 3% of India’s total) are critical for energy security given 80-85% import dependence; the Court has issued notices to the Centre and Assam government.
- Between November 5 and 6, Oil India’s shares fell up to 5%, tracking a fourth consecutive day of decline in global crude oil prices, which dropped below $95 per barrel following US midterm election results.
- The divergence between upstream producer performance and broader market gains highlights sensitivity to crude price movements, with upstream stocks declining while oil marketing and aviation sectors rallied on improved input cost outlooks.

- [US midterm results impact: ₹4 lk cr added! Sensex soars 2700 pts, Nifty up 3% in 2 days - Strategy and stocks to buy](https://www.livemint.com/market/stock-market-news/us-midterm-results-impact-rs-4-lk-cr-added-sensex-soars-2700-pts-nifty-up-3-in-2-days-strategy-and-stocks-to-buy-11793941921903.html)
- [Oil India, ONCG, other upstream companies’ stocks fall up to 5% as crude oil prices decline for 4th day](https://www.moneycontrol.com/news/business/markets/oil-india-oncg-other-upstream-companies-stocks-fall-up-to-5-as-crude-oil-prices-decline-for-4th-day-14071120.html)
- [Crude oil prices crash: Here are the stocks witnessing a positive reaction on Thursday](https://www.cnbctv18.com/market/crude-oil-prices-crash-here-are-the-stocks-witnessing-a-positive-reaction-on-thursday-20027743.htm)
- [SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park](https://www.moneycontrol.com/news/india/sc-notices-to-centre-assam-on-oil-india-plea-on-rejection-of-drilling-proposal-at-national-park-14067896.html)
- [Oil India moves Supreme Court to seek drilling rights beneath Assam national park](https://www.cnbctv18.com/business/oil-india-supreme-court-dibru-saikhowa-national-park-oil-drilling-assam-20026013.htm)

### What Changed

As of 6 November 2026, Oil India (OIL) is trading at ₹443.90 on the NSE, reflecting a marginal increase from the previous recorded price of ₹439.75. This price movement coincides with a broader market rally driven by improving sentiment following US midterm election results, falling crude oil prices, and renewed foreign institutional investor buying. Over the preceding two days, the Sensex gained approximately 2,700 points while the Nifty rose 3%, contributing to a cumulative gain of roughly 9% across seven sessions. While lower energy costs and geopolitical de-escalation hopes have bolstered risk appetite in the domestic equity market, specific corporate actions or filings for OIL during this period remain unreported in the current data set.

- Oil India share price increased to ₹443.90 as of 6 November 2026, up from ₹439.75.
- The stock's recent performance aligns with a broader Indian equity rally where the Sensex gained ~2,700 points and the Nifty rose 3% over two days.
- Market sentiment has been supported by falling crude oil prices and renewed foreign institutional investor buying.
- No new corporate filings or specific company-level news developments were reported for this period.

- [US midterm results impact: ₹4 lk cr added! Sensex soars 2700 pts, Nifty up 3% in 2 days - Strategy and stocks to buy](https://www.livemint.com/market/stock-market-news/us-midterm-results-impact-rs-4-lk-cr-added-sensex-soars-2700-pts-nifty-up-3-in-2-days-strategy-and-stocks-to-buy-11793941921903.html)

### Official Filings

Oil India Limited (OIL) has scheduled its Board Meeting for Thursday, 12 November 2026, to consider and approve the Unaudited Financial Results for the quarter and half-year ended 30 September 2026. The agenda explicitly includes the consideration of an Interim Dividend for FY 2026-27, subject to board approval. In compliance with SEBI regulations, the company’s trading window is closed from the filing date until the announcement of these results to prevent insider trading.

Operationally, OIL reported a significant discovery of natural gas in the 'Matsyapuri' formation within the shallow offshore Block KG-DSF/GSKW/2018 in the Krishna Godavari Basin. Appraisal well Godavari-1 identified hydrocarbons between 2024 and 2027 meters. Production testing commenced on 16 October 2026, yielding a natural gas flow rate of approximately 1 Lakh SCUMD, peaking at 2 Lakh SCUMD, alongside condensate production of about 170 bopd. Additionally, the company signed a Revenue Sharing Contract for Special Coal Bed Methane Block SR-ONHP-(CBM)-2026/1 covering 272.14 sq. km in the Singrauli Coalfield. Governance updates include the designation of New Delhi premises as the Corporate Office effective 21 October 2026.

- Board Meeting on 12-Nov-2026 to approve H1 FY2026-27 financial results and consider an Interim Dividend for FY 2026-27.
- Trading window closure active pending result announcements to comply with SEBI insider trading regulations.
- Natural gas discovery in KG Basin block with production testing showing ~1 Lakh SCUMD flow (peak 2 Lakh SCUMD) and ~170 bopd condensate.
- Signed Revenue Sharing Contract for 272.14 sq. km CBM block in Singrauli Coalfield on 15-Oct-2026.

- [Financial Results/Dividend |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/OIL_27102026164000_Covering_signed.pdf)
- [Oil India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/OIL_27102026164807_TWCP_signed.pdf)
- [OIL INDIA LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- [OIL INDIA LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2906_WebXMLFile_20261027_170853691.xml)
- [Oil India Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "Discovery of Natural Gas in the Shallow Offshore Block KG-DSF/ GSKW/2018 of Krishna Godavari Basin by Oil India Limited". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/OIL_23102026094305_PressRelease23102026_signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 56.66 | PUBLIC_VAL: 43.34 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742722_21102026022457_WEB.xml)
- [Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/OIL_21102026181515_CorpOfficeIntimation_signed.pdf)
- [Oil India Limited has informed the Exchange regarding a press release dated October 18, 2026, titled "OIL Achieves a Landmark Milestone with Signing of Special CBM Block RSC". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/OIL_18102026110758_PressRelease_signed.pdf)
- [Oil India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/OIL_14102026112413_Filing74_signed.pdf)

### Fundamentals

Oil India’s Q1 FY2026-27 results mark a significant acceleration in profitability, with revenue rising 28.7% sequentially to ₹12,886.27 crore and profit before tax nearly doubling to ₹5,142.47 crore from the previous quarter. This surge is driven by strong top-line growth, evidenced by a 19% TTM sales increase and 16% YoY sales growth in the September quarter, alongside robust earnings quality where CFO/EBITDA conversion improved to 125%. However, this operational strength coexists with balance-sheet expansion; borrowings rose to ₹37,478 crore and CWIP increased to ₹37,644 crore by March 2026, reflecting ongoing capital intensity. While ROCE has compressed from 18% to 12% over three years, the company maintains negative working capital days (-45), indicating efficient cash cycle management despite rising inventory days (323). Institutional sentiment shows DIIs increasing their stake to 20.66%, while FIIs reduced holdings to 7.15%. The key dynamic is whether the current profit surge can sustainably offset the drag from higher interest costs (₹1,307 crore TTM) and depreciation as new assets come online.

- Q1 FY2026-27 Profit Before Tax surged to ₹5,142.47 crore, up from ₹2,702.19 crore in Q4 FY2025-26, on revenue of ₹12,886.27 crore.
- Earnings quality remains high with CFO/EBITDA conversion at 125% for Mar 2026, though ROCE declined to 12% from 18% in Mar 2024.
- Balance sheet leverage is rising: Borrowings reached ₹37,478 crore and CWIP grew to ₹37,644 crore by Mar 2026, while interest expense hit ₹1,307 crore TTM.
- DIIs increased shareholding to 20.66% in Sep 2026, contrasting with FII reduction to 7.15%; next checkpoint is margin sustainability amid rising inventory days (323).

### Bear Case

Oil India faces near-term headwinds from falling crude oil prices, which triggered a share decline of up to 5% alongside peers as the benchmark dropped for four consecutive days. This price sensitivity is compounded by regulatory constraints on domestic production; the company’s Supreme Court petition regarding drilling rights in Assam’s Dibru-Saikhowa National Park remains pending, with notices already issued to the Central and Assam governments. On the technical front, daily momentum indicators are bearish, with the SuperTrend signaling downside pressure and the ADX at 17.59 suggesting weak trend strength. The stock has retreated 14.4% from its recent peak, testing support near ₹440, while annualized volatility remains elevated at 33.0%, reflecting ongoing uncertainty regarding both commodity pricing and operational expansion.

- Crude oil prices declined for four consecutive days, causing upstream stocks including Oil India to fall up to 5%.
- Supreme Court has issued notices on Oil India’s plea to challenge the rejection of drilling proposals in an Assam national park.
- Daily technical trend is bearish (SuperTrend: bearish, ADX: 17.59) with the stock trading 14.4% below its recent high.
- Support level identified at ₹440.15 (pivot), with resistance at ₹452.60; annualized volatility stands at 33.0%.

- [US midterm results impact: ₹4 lk cr added! Sensex soars 2700 pts, Nifty up 3% in 2 days - Strategy and stocks to buy](https://www.livemint.com/market/stock-market-news/us-midterm-results-impact-rs-4-lk-cr-added-sensex-soars-2700-pts-nifty-up-3-in-2-days-strategy-and-stocks-to-buy-11793941921903.html)
- [Oil India, ONCG, other upstream companies’ stocks fall up to 5% as crude oil prices decline for 4th day](https://www.moneycontrol.com/news/business/markets/oil-india-oncg-other-upstream-companies-stocks-fall-up-to-5-as-crude-oil-prices-decline-for-4th-day-14071120.html)
- [Crude oil prices crash: Here are the stocks witnessing a positive reaction on Thursday](https://www.cnbctv18.com/market/crude-oil-prices-crash-here-are-the-stocks-witnessing-a-positive-reaction-on-thursday-20027743.htm)
- [SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park](https://www.moneycontrol.com/news/india/sc-notices-to-centre-assam-on-oil-india-plea-on-rejection-of-drilling-proposal-at-national-park-14067896.html)
- [Oil India moves Supreme Court to seek drilling rights beneath Assam national park](https://www.cnbctv18.com/business/oil-india-supreme-court-dibru-saikhowa-national-park-oil-drilling-assam-20026013.htm)
- [Financial Results/Dividend |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/OIL_27102026164000_Covering_signed.pdf)
- [Oil India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/OIL_27102026164807_TWCP_signed.pdf)
- [OIL INDIA LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- [OIL INDIA LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2906_WebXMLFile_20261027_170853691.xml)

### FAQs

**What is the immediate catalyst for Oil India's share price movement?**

Oil India shares fell up to 5% as global crude oil prices declined for a fourth consecutive day, dropping more than 8% to below $95 a barrel. This decline followed US midterm election results that raised expectations for a negotiated end to the war with Iran. While upstream producers like Oil India and ONGC saw their stocks fall, oil marketing companies gained on improved input cost outlooks.

**What regulatory matter is currently pending before the Supreme Court?**

The Supreme Court has issued notices to the Central Government and Assam state government regarding Oil India’s plea challenging the rejection of its proposal to drill for oil beneath Dibru-Saikhowa National Park. The company argues these reserves are critical for energy security, noting they account for approximately 3% of India's total hydrocarbon reserves while the nation imports 80-85% of its crude requirements.

**When will Oil India release its half-yearly financial results?**

Oil India Limited has scheduled its Board Meeting for Thursday, 12 November 2026. The agenda includes considering and approving the Unaudited Financial Results for the quarter and half-year ended 30 September 2026 on both Standalone and Consolidated bases. The meeting also covers consideration of an Interim Dividend for FY 2026-27, if any.

**How is the stock performing technically as of 6 November 2026?**

As of 6 November 2026, Oil India closed at ₹443.90 with a market capitalization of approximately ₹71,530 crore. The daily trend is bearish, with the stock trading near resistance at ₹452.60 (1.96% above). Year-to-date returns stand at +3.8%, though the stock has experienced a current drawdown of -14.4% and annualized volatility of +33.0%.

- [US midterm results impact: ₹4 lk cr added! Sensex soars 2700 pts, Nifty up 3% in 2 days - Strategy and stocks to buy](https://www.livemint.com/market/stock-market-news/us-midterm-results-impact-rs-4-lk-cr-added-sensex-soars-2700-pts-nifty-up-3-in-2-days-strategy-and-stocks-to-buy-11793941921903.html)
- [Oil India, ONCG, other upstream companies’ stocks fall up to 5% as crude oil prices decline for 4th day](https://www.moneycontrol.com/news/business/markets/oil-india-oncg-other-upstream-companies-stocks-fall-up-to-5-as-crude-oil-prices-decline-for-4th-day-14071120.html)
- [Crude oil prices crash: Here are the stocks witnessing a positive reaction on Thursday](https://www.cnbctv18.com/market/crude-oil-prices-crash-here-are-the-stocks-witnessing-a-positive-reaction-on-thursday-20027743.htm)
- [SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park](https://www.moneycontrol.com/news/india/sc-notices-to-centre-assam-on-oil-india-plea-on-rejection-of-drilling-proposal-at-national-park-14067896.html)
- [Oil India moves Supreme Court to seek drilling rights beneath Assam national park](https://www.cnbctv18.com/business/oil-india-supreme-court-dibru-saikhowa-national-park-oil-drilling-assam-20026013.htm)
- [Financial Results/Dividend |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/OIL_27102026164000_Covering_signed.pdf)
- [Oil India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/OIL_27102026164807_TWCP_signed.pdf)
- [OIL INDIA LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- [OIL INDIA LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2906_WebXMLFile_20261027_170853691.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹440.15
- Risk regime: Price Risk Currently Contained

### Support levels
- 396.175
- 388.42656250000005
- 377.075

### Resistance levels
- 463.247314453125
- 482.2125
- 489.8220703125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.94% |
| return_10 | -0.88% |
| return_1m | -0.88% |
| return_1y | +2.51% |
| return_20 | -0.69% |
| return_3m | -0.02% |
| return_5 | -2.22% |
| return_6m | -1.41% |
| return_since_start | +1.56% |
| return_ytd | +3.82% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -30.52% |
| annualized_volatility | +32.95% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Outpaces Expenses, Profit Before Tax Nearly Triples Year-on-Year

Oil India reported a sharp increase in revenue for the June 2026 quarter, while expenses grew at a much slower pace. This divergence drove profit before tax to ₹5,142 crore, nearly three times the ₹1,780 crore recorded a year earlier. Net profit from continuing operations rose to ₹3,847 crore, and earnings per share increased to ₹22.32 from ₹11.66. However, total comprehensive income remained flat as other comprehensive income fell sharply, offsetting the profit gain.

## Revenue and Expense Dynamics

Revenue from operations was ₹12,886 crore, up 47% from ₹8,750 crore in the same quarter last year and up 29% from the preceding March 2026 quarter. Expenses rose to ₹8,094 crore, a 12% increase year-on-year and only 4% sequentially. The much slower growth in expenses relative to revenue was the primary factor behind the profit expansion.

Key expense items included cost of materials consumed (₹2,269 crore), employee benefit expense (₹556 crore), depreciation (₹698 crore), and finance costs (₹302 crore). Changes in inventories of finished goods, work-in-progress and stock-in-trade provided a credit of ₹63 crore, reducing total expenses.

## Profitability and Tax

Profit before tax (PBT) reached ₹5,142 crore, up 189% year-on-year and 90% sequentially. The tax expense rose to ₹1,295 crore, with an effective tax rate of approximately 25.2%, similar to the 25.8% rate in the year-ago quarter. Net profit from continuing operations was ₹3,847 crore, up 191% year-on-year. Basic earnings per share from continuing operations increased to ₹22.32 from ₹11.66.

Finance costs decreased 21% sequentially to ₹302 crore but were 52% higher than the ₹199 crore in the year-ago quarter.

## Segment Performance

Segment profit before tax (which aggregates the performance of the company’s operating segments before unallocable items) was ₹5,322 crore, up 112% from ₹2,505 crore a year ago. The reported PBT of ₹5,142 crore is after accounting for other unallocable expenditure net of unallocable income, which was a net credit of ₹201 crore in the current quarter, compared to a net credit of ₹568 crore in the year-ago quarter. The reduction in this unallocable credit partially offset the segment profit growth but did not materially alter the overall profit trajectory.

## Other Comprehensive Income

Other comprehensive income (OCI) fell sharply to ₹235 crore from ₹2,210 crore in the same quarter last year, a decline of 89%. As a result, total comprehensive income for the period was ₹4,261 crore, virtually unchanged from ₹4,256 crore a year ago.

## Management Commentary

Oil India Limited reported its highest-ever standalone PAT of ₹2,870 crore for Q1FY27, a 2.5x increase YoY, supported by 11% growth in crude oil production and a price realization of USD 98.73/bbl. Consolidated PAT reached ₹4,027 crore, up 97% YoY, driven by strong performance from subsidiary NRL, which posted a 167% PAT jump to ₹1,305 crore with a GRM of $35.95/bbl. The company achieved record daily crude oil production of 10,921 MT on 27 June 2026 and produced 0.950 MMT for the quarter, underscoring its focus on energy security.

On the exploration front, management announced a natural gas discovery in the Vijaya Puram-3 well in the Andaman Basin, reaffirming the basin's potential. Additionally, OIL completed a highly deviated exploratory well in Assam with a record horizontal displacement of 3,116 metres, demonstrating advanced drilling capabilities. These operational milestones, combined with robust financial results, reflect management's strategic emphasis on production growth, cost efficiency, and exploration success.

## Key Takeaway

Oil India’s June 2026 quarter was defined by a sharp divergence between revenue growth and expense growth, leading to a near-tripling of profit before tax. However, a steep decline in other comprehensive income meant that total comprehensive income was flat year-on-year, a nuance that investors should consider alongside the headline profit growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +56.66%
- FII holding: +7.28%
- DII holding: +20.13%
- Mutual fund holding: +8.88%
- Retail holding: +4.63%
- Promoter pledged: +0.00%

### Major reported shareholders

- President of India — +56.66%
- LICI NEW PENSION PLUS GROWTH FUND — +8.08%
- INDIAN OIL CORPORATION LIMITED — +4.93%
- BHARAT PETROLEUM CORPORATION LTD — +2.47%
- HINDUSTAN PETROLEUM CORPORATION LIMITED — +2.47%
- ICICI PRUDENTIAL SMALLCAP FUND — +1.79%
- DSP MULTI ASSET ALLOCATION FUND — +1.28%
- NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT — +1.16%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ARB — +1.02%

## Official filings

- 2026-11-06 — Press Release: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_06112026170007_Press_Release06112026_signed.pdf)
- 2026-10-27 — Board Meeting Notice: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_27102026164000_Covering_signed.pdf)
- 2026-10-27 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_27102026164807_TWCP_signed.pdf)
- 2026-10-27 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- 2026-10-27 — Board Meeting Notice: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2906_WebXMLFile_20261027_170408953.xml)
- 2026-10-27 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2906_WebXMLFile_20261027_170853691.xml)
- 2026-10-23 — Press Release: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_23102026094305_PressRelease23102026_signed.pdf)
- 2026-10-21 — Shareholding Disclosure: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742722_21102026022457_WEB.xml)
- 2026-10-21 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_21102026181515_CorpOfficeIntimation_signed.pdf)
- 2026-10-18 — Press Release: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18102026110758_PressRelease_signed.pdf)
- 2026-10-14 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_14102026112413_Filing74_signed.pdf)
- 2026-10-14 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2906_WebXMLFile_20261014_125439605.xml)
- 2026-10-13 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_13102026224145_Filing13102026_signed.pdf)
- 2026-09-30 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_30092026180649_Reg30SrMgtCh30092026_signed.pdf)
- 2026-09-30 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2906_WebXMLFile_20260930_182010019.xml)
- 2026-09-25 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_25092026161022_IntimationTradingWindowClosure_signed.pdf)
- 2026-09-25 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2906_WebXMLFile_20260925_175204729.xml)
- 2026-09-18 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18092026192109_REG44VOTINGRESULTSANDSCRUTINIZERREPORT.pdf)
- 2026-09-18 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18092026194819_MoA_AoA_signed.pdf)
- 2026-09-18 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_18092026200634_Board_Fine_Penalty_signed.pdf)
- 2026-09-17 — Press Release: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_17092026160527_PressRelease17092026_signed.pdf)
- 2026-09-17 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_17092026183927_AGMProceedings.pdf)
- 2026-09-09 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/OIL_09092026170219_Reg30StatAuditor.pdf)
- 2026-09-09 — Generic Announcement: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2906_WebXMLFile_20260909_175603941.xml)
- 2026-09-08 — Shareholding Disclosure: Oil India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1721627_04092026085126_WEB.xml)

## News and market events

- 2026-11-07 — Times of India: **Dibrugarh OIL blast: 2 injured workers die, toll rises to 3** — The death toll from an explosion and fire at Oil India Limited’s Intermediate Tank Farm in Dibrugarh has risen to three after two critically injured workers succumbed to their injuries, while four others remain hospitalized. The incident occurred during maintenance activities performed by contractor Spectron Engineers, with preliminary reports suggesting the blast was triggered by an accident during these operations. Authorities have launched an inquiry to determine the exact cause, as Union Minister Sarbananda Sonowal urged for comprehensive medical care for the injured and appropriate compen — [Source](https://timesofindia.indiatimes.com/city/guwahati/dibrugarh-oil-blast-2-injured-workers-die-toll-rises-to-3/articleshow/135644620.cms)
- 2026-11-07 — Economic Times: **Death toll in explosion at Oil India's facility in Assam rises to three** — The death toll from an explosion at Oil India Limited's Intermediate Tank Farm in Dibrugarh, Assam, has risen to three following burn injuries sustained during maintenance work on Friday. The public sector undertaking announced ex gratia compensation for the families of the deceased and injured workers, while Union Minister Sarbananda Sonowal called for a high-level inquiry to determine the cause of the fire. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/death-toll-in-explosion-at-oil-indias-facility-in-assam-rises-to-three/articleshow/135635961.cms)
- 2026-11-07 — The Hindu: **Toll in explosion at OIL facility in Assam rises to two** — The death toll from an explosion at Oil India Limited's Intermediate Tank Farm in Assam's Dibrugarh district has risen to two, following a fire during maintenance work that injured seven workers. Union Minister Sarbananda Sonowal has contacted the company's CMD to urge for medical assistance, compensation for victims' families, and an investigation into the cause of the incident. — [Source](https://www.thehindubusinessline.com/news/toll-in-explosion-at-oil-facility-in-assam-rises-to-two/article71677581.ece)
- 2026-11-07 — The Hindu: **Assam oil facility fire: Sonowal speaks to Oil India CMD, urges medical care for injured** — An explosion and fire at Oil India's Tengakhat facility in Assam resulted in one worker's death and six injuries, occurring during technical work on a crude oil storage valve. Union Minister Sarbananda Sonowal contacted the company's CMD to urge immediate medical care for the injured, compensation for victims' families, and a high-level inquiry into the incident's cause. — [Source](https://www.thehindubusinessline.com/news/national/sarbananda-sonowal-calls-oil-india-cmd-over-tengakhat-fire-urges-best-medical-care-for-injured/article71677560.ece)
- 2026-11-07 — The Hindu: **Assam OIL facility fire death toll rises to three** — The death toll from a fire at an Oil India Limited facility in Tengakhat, Assam, has risen to three after two injured workers succumbed to their injuries on November 7. The incident, which began with an explosion at an indirect bath heater isolated for maintenance, prompted OIL to constitute an internal inquiry committee to investigate the causes and safety lapses. — [Source](https://www.thehindu.com/news/national/assam/assam-oil-facility-fire-death-toll-rises-to-three/article71677435.ece)
- 2026-11-06 — Times of India: **1 killed, 6 injured in OIL’s Tengakhat facility explosion & fire** — An explosion and fire at Oil India Limited’s Tengakhat Intermediate Tank Farm in Dibrugarh resulted in one fatality and six injuries among workers performing maintenance. The incident, which occurred around 9:05 am on Friday, has prompted an investigation by the district administration to determine the cause, while local authorities have assured residents that the situation is under control. — [Source](https://timesofindia.indiatimes.com/city/guwahati/1-killed-6-injured-in-oils-tengakhat-facility-explosion-fire/articleshow/135618322.cms)
- 2026-11-06 — NEWS.WEBINDIA123.COM: **Assam: Oil India tank farm fire, explosion in Dibrugarh injure five workers, one missing** — A fire and explosion at Oil India Limited's Intermediate Tank Farm in Tengakhat, Assam, injured five workers and left one missing on Friday morning. The incident occurred at the facility in Dibrugarh district, where emergency responses are underway to locate the missing individual. — [Source](https://news.webindia123.com/news/Articles/India/20261106/4516585.html)
- 2026-11-06 — NEWS.WEBINDIA123.COM: **One worker dies, six injured in fire following explosion at Oil India facility in Assam's Dibrugarh** — Oil India Limited reported that one worker died and six others were injured following a massive fire triggered by an explosion at its Intermediate Tank Farm in Tengakhat, Dibrugarh district. The incident occurred at the facility operated by the state-owned energy company. — [Source](https://news.webindia123.com/news/Articles/India/20261106/4516821.html)
- 2026-11-06 — The Hindu: **major fire at Oil India Limited's Tengakhat facility in Assam** — A major fire at Oil India Limited's Tengakhat facility in Assam on November 6, 2026, resulted in one death and six injuries among operations and maintenance contractor personnel. The incident occurred around 9:05 a.m. at an indirect bath heater that had been isolated for maintenance, prompting the company to extinguish the blaze by 12:30 p.m. and constitute an internal inquiry committee to investigate the causes and suggest preventive measures. — [Source](https://www.thehindu.com/news/national/assam/one-killed-and-six-injured-in-fire-at-an-oil-facility-in-assam/article71674463.ece)
- 2026-11-06 — MONEYCONTROL: **Fire at Oil India Ltd's intermediate tank farm in Assam's Dibrugarh kills 1** — A fire at Oil India Ltd's intermediate tank farm in Dibrugarh, Assam, has resulted in one fatality. The incident occurred at the company's facility in the northeastern state. — [Source](https://www.moneycontrol.com/news/india/fire-at-oil-india-ltd-s-intermediate-tank-farm-in-assam-s-dibrugarh-kills-1-14073430.html)
- 2026-11-06 — The Hindu: **Fire at Oil India Ltd's intermediate tank farm in Assam's Dibrugarh kills 1** — A fire at Oil India Ltd's Intermediate Tank Farm in Tengakhat, Assam, killed one contract worker and injured six others during maintenance work on Friday. The victims were employees of Spectron Engineers Private Limited, a Mumbai-based firm engaged by the PSU, while Oil India Ltd stated that its fire service personnel brought the blaze under control. — [Source](https://www.thehindubusinessline.com/companies/fire-at-oil-india-ltds-intermediate-tank-farm-in-assams-dibrugarh-kills-1/article71673422.ece)
- 2026-11-06 — Mint: **US midterm results impact:  ₹4 lk cr added! Sensex soars 2700 pts, Nifty up 3% in 2 days - Strategy and stocks to buy** — Indian equities extended their rally to seven sessions, with the Sensex and Nifty gaining approximately 9% over the period as improving sentiment from US midterm election results, falling crude oil prices, and renewed foreign institutional investor buying outweighed a global technology sell-off. Analysts attribute the domestic market's resilience to India's limited exposure to the AI trade and strong corporate earnings, while noting that lower energy costs and geopolitical de-escalation hopes have bolstered risk appetite. — [Source](https://www.livemint.com/market/stock-market-news/us-midterm-results-impact-rs-4-lk-cr-added-sensex-soars-2700-pts-nifty-up-3-in-2-days-strategy-and-stocks-to-buy-11793941921903.html)
- 2026-11-05 — MONEYCONTROL: **Oil India, ONCG, other upstream companies’ stocks fall up to 5% as crude oil prices decline for 4th day** — Shares of Oil India, ONGC, and other upstream companies fell by up to 5% as crude oil prices declined for a fourth consecutive day. — [Source](https://www.moneycontrol.com/news/business/markets/oil-india-oncg-other-upstream-companies-stocks-fall-up-to-5-as-crude-oil-prices-decline-for-4th-day-14071120.html)
- 2026-11-05 — CNBC-TV18: **Crude oil prices crash: Here are the stocks witnessing a positive reaction on Thursday** — Global crude oil prices plunged more than 8% to below $95 a barrel following US midterm election results that raised expectations for a negotiated end to the war with Iran, prompting a sharp rally in Indian oil-sensitive stocks. Shares of oil marketing companies like HPCL, BPCL, and IOC gained around 5%, while aviation, tyre, and paint sectors such as IndiGo, JK Tyre, and Asian Paints advanced on improved input cost outlooks. Conversely, upstream producers Oil India and ONGC fell amid the price decline, even as tight US petroleum inventories continued to support elevated refined product prices — [Source](https://www.cnbctv18.com/market/crude-oil-prices-crash-here-are-the-stocks-witnessing-a-positive-reaction-on-thursday-20027743.htm)
- 2026-11-03 — MONEYCONTROL: **SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park** — The Supreme Court has issued notices to the Central Government and the Assam state government in response to a petition filed by Oil India Limited. The plea challenges the rejection of the company's proposal for oil drilling activities within a national park. — [Source](https://www.moneycontrol.com/news/india/sc-notices-to-centre-assam-on-oil-india-plea-on-rejection-of-drilling-proposal-at-national-park-14067896.html)
- 2026-11-03 — CNBC-TV18: **Oil India moves Supreme Court to seek drilling rights beneath Assam national park** — Oil India has approached the Supreme Court to challenge the environment ministry’s rejection of its proposal to explore for oil beneath Dibru-Saikhowa National Park in Assam, citing energy security concerns amid volatile global crude prices. The company argues that the region's hydrocarbon reserves, which account for approximately 3% of India's total, are critical given that the nation imports 80-85% of its crude oil requirements. The Supreme Court has agreed to hear the matter and sought a response from the Centre. — [Source](https://www.cnbctv18.com/business/oil-india-supreme-court-dibru-saikhowa-national-park-oil-drilling-assam-20026013.htm)
- 2026-11-03 — Economic Times: **SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park** — The Supreme Court has issued notices to the Centre and Assam government on Oil India's plea challenging the rejection of its proposal for Extended Reach Drilling beneath Dibru-Saikhowa National Park. Oil India argues that the sub-surface extraction, which targets hydrocarbon reserves estimated at three percent of India's total, does not constitute mining and will not harm the park's ecosystem. The matter is considered urgent due to the area's energy significance and is scheduled for further hearing after November 17. — [Source](https://economictimes.indiatimes.com/news/india/sc-notices-to-centre-assam-on-oil-india-plea-on-rejection-of-drilling-proposal-at-national-park/articleshow/135490280.cms)
- 2026-11-03 — Economic Times: **IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?** — Shares of downstream crude-sensitive stocks including IndiGo, Indian Oil, BPCL, and HPCL rallied up to 4% as Brent crude dipped below $105 per barrel for a second consecutive session, driven by ongoing US-Iran peace talks. Conversely, upstream producers ONGC and Oil India fell up to 2%, reflecting the typical market dynamic where lower input costs benefit refiners while pressuring exploration companies. Goldman Sachs has revised its oil price forecasts upward, warning that Brent could reach $140 in 2027 if Gulf production remains significantly below average due to geopolitical risks. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/indigo-indian-oil-and-other-crude-sensitive-stocks-rally-up-to-4-as-oil-dips-below-105/bbl-where-are-prices-headed/articleshow/135482481.cms)
- 2026-10-31 — MONEYCONTROL: **'Have robust governance': Flipkart responds to Walmart probe on kickbacks** — The Indian government is accelerating the sale of stakes in Oil India Ltd and Airports Authority of India to fund infrastructure development. This move aims to raise capital for new airport construction and other public projects. — [Source](https://www.moneycontrol.com/news/business/startup/have-robust-governance-flipkart-responds-to-walmart-probe-on-kickbacks-14064928.html)
- 2026-10-29 — Mint: **Oil and gas stocks to buy: ONGC vs Oil India shares - Kotak Securities raises FY27 forecast to $100; know preferred pick | Stock Market News** — Kotak Institutional Equities raised its FY27 crude oil price forecast to $100 per barrel and upgraded earnings estimates for ONGC and Oil India by 16–17%, attributing the change to higher crude prices and improved regulatory frameworks for domestic upstream producers. — [Source](https://www.livemint.com/market/stock-market-news/oil-and-gas-stocks-to-buy-ongc-vs-oil-india-shares-kotak-securities-raises-fy27-forecast-to-100-know-preferred-pick-11793259081354.html)
- 2026-10-24 — Mint: **Trinidad and Tobago in talks with ONGC Videsh, Oil India to refine Venezuelan crude | Company Business News** — The Caribbean government has proposed that the two Indian oil companies process crude from neighbouring Venezuela at the Guaracara refinery in Pointe-à-Pierre, which forms part of the former Petrotrin complex and is currently under renovation. — [Source](https://www.livemint.com/companies/news/trinidad-and-tobago-in-talks-with-ongc-videsh-oil-india-to-refine-venezuelan-crude-11792749605379.html)
- 2026-10-23 — Economic Times: **Oil India discovers natural gas in Krishna Godavari Basin** — Oil India Ltd has discovered natural gas in the previously unexplored Matsyapuri formation in the Krishna-Godavari Basin. The company said its Godavari-1 appraisal well, drilled in the shallow offshore KG Basin, encountered hydrocarbons at a depth of 2,024-2,027 metres. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/oil-india-discovers-natural-gas-in-krishna-godavari-basin/articleshow/135140461.cms)
- 2026-10-23 — FREEPRESSJOURNAL.IN: **Oil India Discovers Natural Gas In Krishna-Godavari Basin** — Oil India has discovered natural gas in an offshore block in the Krishna-Godavari Basin, recording a peak flow of 200,000 standard cubic metres daily. The discovery at the Godavari-1 well also yielded condensate. Further testing is planned, although the company has not disclosed resource estimates or potential commercial production timelines — [Source](https://www.freepressjournal.in/business/oil-india-discovers-natural-gas-in-krishna-godavari-basin)
- 2026-10-23 — Economic Times: **Oil India discovers natural gas in Krishna-Godavari Basin, records peak flow of 200,000 SCMD** — Oil India Ltd. announced a significant natural gas discovery in a shallow-water block of the Krishna Godavari Basin. The Godavari-1 appraisal well achieved a peak test flow rate of 200,000 Standard Cubic Metres Per Day. Currently, the well's output includes gas flow at 100,000 SCMD and additional condensate production. This discovery highlights the importance of domestic gas supplies amid India's increasing reliance on imports. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/oil-india-discovers-natural-gas-in-krishna-godavari-basin-records-peak-flow-of-200000-scmd/articleshow/135138405.cms)
- 2026-10-23 — MONEYCONTROL: **Oil India discovers natural gas in shallow KG waters** — Oil India discovers natural gas in shallow KG waters Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Tonbo Imaging share price UP Elections iPhone Duo Elon Musk Annamalai Piyush Goyal Donald Trump Sonam Wangchuk News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance — [Source](https://www.moneycontrol.com/news/india/oil-india-discovers-natural-gas-in-shallow-kg-waters-14058404.html)

## Business profile

**Strategic vision:** Integrated energy company in oil and gas sectors.

### Business segments
- **Upstream Exploration and Production:** Possesses expertise in the entire exploration and production (E&P) value chain, including seismic activities, drilling, field development, production, reservoir management, and IOR/EOR techniques.
- **Midstream Pipeline Operations:** Operates and maintains a crude oil pipeline network stretching 1157 km, aiming to optimize the hydrocarbon value chain.
- **Downstream Refining:** Holds a 69.63% stake in Numaligarh Refinery and is expanding exploration into offshore areas.

### Competitive strengths
- State-owned enterprise status
- Integrated energy operations across the value chain
- Extensive E&P infrastructure
- Established crude oil pipeline network

## Related stocks

- [ABB India Limited (Energy)](https://faxioms.com/stocks/abb) — +2.20%
- [Aegis Logistics Limited (Energy)](https://faxioms.com/stocks/aegislog) — -3.96%
- [Adani Total Gas Limited (Energy)](https://faxioms.com/stocks/atgl) — -0.95%
- [Bharat Heavy Electricals Limited (Energy)](https://faxioms.com/stocks/bhel) — +0.17%
- [Bharat Petroleum Corporation Limited (Energy)](https://faxioms.com/stocks/bpcl) — +0.88%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/oil
Markdown representation: https://faxioms.com/stocks/oil?render=md