MarketFriction

Oil Country Tubular Ltd

NSE OILCOUNTUB · BSE 500313 · Oil Equipment & Services
₹78.14 +2.00%
NSE close2026-10-01
52 week range35.65 - 82.17
Market cap₹391 Cr.
ESM Price band 2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales161125224134251063017
Expenses348181624221612102816
Operating Profit-3237717129-2-421
OPM %-357%32%30%29%30%41%36%36%-23%-70%7%6%
Other Income000011100010
Interest122222000000
Depreciation132318151614251717171817
Profit before tax-17-22-16-9-102-12-8-20-21-15-15
Tax %-12%-27%-9%10%32%2%-12%5%10%-18%-10%-1%
Net Profit-15-16-15-10-132-11-9-22-17-14-15
EPS in Rs-3.35-3.65-3.31-2.21-2.970.37-2.20-1.69-4.15-3.36-2.62-2.91
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1527112511200181237063
Expenses136252576351471421806666
Operating Profit16-18-15-51-24-12-7-14-2435-3
OPM %11%-241%-138%-200%-221%-517%-5,226%-14%35%7%-4.9%
Other Income12-47132301424322
Interest17182015192225126611
Depreciation232222212120193072707069
Profit before tax-12-105-55-85-62-51-5186-76-29-64-71
Tax %-47%-15%-33%-2%0%0%0%-22%-8%9%-4%
Net Profit-7-89-37-83-62-51-51105-70-32-61-68
EPS in Rs-1.49-20.19-8.35-18.74-14.03-11.49-11.5923.64-15.91-6.66-11.83-13.04
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-7%99%538%-49%
Compounded Profit Growth%-5%%-120%
Stock Price CAGR8%55%55%11%
Return on Equity%%-25%-29%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444444444444444444444852
Reserves20419711376-7-69-119-171206150184145
Borrowings15013114112212112417122366904525
Other Liabilities88655897107130143160183144113101
Total Liabilities486437356339265229239257499429389323
Fixed Assets280259237216195174154134452376307242
CWIP000000000001
Investments52520000000000
Other Assets15312611912370558612247548280
Total Assets486437356339265229239257499429389323
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5218382012-26-27169-1930-4
Cash from Investing Activity-13-70-0000002-0-5
Cash from Financing Activity-390-8-38-17-152627-16918-194
Net Cash Flow-0-6-1-03-3000112-5
Free Cash Flow43-18382012-26-27169-1730-10
CFO/OP176%13%-53%-263%-39%-34%228%362%-1,199%744%72%-107%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2545740128313005765
Inventory Days3614996,9044,9213381,8799,27188,824856755
Days Payable1071122,023993471137578,1592829
Cash Conversion Cycle2793904,9383,9693031,7748,82680,6650885791
Working Capital Days-78-104-3,648-2,889-1,264-3,782-17,3898,59853177231
ROCE %3%1%-10%-13%-35%-34%-30%-28%47%-23%-8%-25%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.22%49.22%49.22%49.22%49.22%49.22%49.22%56.74%56.73%47.23%47.23%47.23%
FIIs0.01%0.01%0.01%0.01%0.01%0.01%0.03%0.07%0.17%0.04%0.02%0.01%
DIIs0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.10%0.10%0.10%0.10%0.10%
Public50.65%50.64%50.65%50.65%50.65%50.65%50.64%43.10%42.99%52.61%52.64%52.66%
No. of Shareholders29,54029,77030,28429,80029,25728,80229,18129,49728,87728,48830,02030,361

Fundamentals

Market Cap₹ 391 Cr.
Current Price₹ 75.1
Book Value₹ 38.0
ROCE-25.4 %
ROE-28.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-49%
Compounded Profit Growth (TTM)-120%
Standalone figures.
Valuation
Market capRs 406 Cr
Enterprise valueRs 416 Cr
Price to book2.06x
Price to sales6.45x
EV / sales6.61x
Earnings yield-16.69%
P/B, 3-year average1.10x
P/E, 5-year average0.59x
P/B, 5-year average0.64x
Profitability
Operating margin (excl. other income)6.55%
Operating margin (incl. other income)9.00%
EBITDA margin-2.32%
Pre-tax margin-113.07%
Net profit margin-107.65%
Net margin, latest quarter-86.64%
ROE-28.67%
ROCE-25.38%
ROA-17.27%
ROE, 3-year average-25.11%
ROCE, 3-year average-19.09%
ROA, 3-year average-13.41%
ROE, 5-year average29.06%
ROCE, 5-year average-7.47%
ROA, 5-year average-6.64%
ROIC (approx.)-32.37%
Tax rate4.46%
Other income / net worth0.87%
Growth
Sales growth (latest year)-42.97%
Sales CAGR, 3 years537.92%
Sales CAGR, 5 years99.28%
Sales growth QoQ-41.59%
Sales growth YoY (latest quarter)-29.02%
Per share
EPS (TTM)Rs -13.04
EPS (latest year)Rs -11.83
EPS (latest quarter)Rs -2.91
EPS, 3-year averageRs -11.46
EPS, 5-year averageRs -4.47
Book value per shareRs 37.97
Sales per shareRs 12.11
Cash flow per shareRs -0.81
Free cash flow per shareRs -1.92
Efficiency
Asset turnover0.22x
Fixed asset turnover0.29x
Inventory turnover0.89x
Inventory days410 days
Debtor days65 days
Debtors turnover5.66x
Creditor days29 days
Cash conversion cycle791 days
Working capital days231 days
Leverage
Total debtRs 25 Cr
Cash and bankRs 15 Cr
Net debtRs 10 Cr
Debt to equity0.13x
Interest coverage-78.11x
Current ratio (filing 2026-03-31)3.67x
Quick ratio (filing 2026-03-31)1.82x
Trade payables (filing 2026-03-31)Rs 2 Cr
Owners' fund to total sources61.15%
Debt to assets7.71%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs -10 Cr
FCFE (approx.: FCF + change in debt)Rs -30 Cr
Statement figures
Net sales (TTM)Rs 63 Cr
Net sales (latest year)Rs 70 Cr
Sales (latest quarter)Rs 17 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -2 Cr
Profit before tax (TTM)Rs -71 Cr
Tax (latest year)Rs -3 Cr
Net profit (TTM)Rs -68 Cr
Net profit (latest year)Rs -61 Cr
Net profit (latest quarter)Rs -15 Cr
Depreciation (TTM)Rs 69 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 39 Cr
Total expenditure (latest year)Rs 66 Cr
Total income (latest year)Rs 72 Cr
Share capitalRs 52 Cr
ReservesRs 145 Cr
Shareholders' fundsRs 197 Cr
Total assetsRs 323 Cr
Net blockRs 242 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 12 Cr
InventoryRs 44 Cr
Other liabilitiesRs 101 Cr
Shares outstanding (crore)5.20
Ownership
Promoter holding47.23% (-9.51 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 2.06 is at the 99th percentile (median 1.02).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodOILCOUNTUBNifty 50Difference
1 week+10.2%-2.8% +13.0 pts
1 month+16.2%-6.8% +23.0 pts
3 months+31.2%-7.6% +38.9 pts
6 months+111.4%+0.4% +111.0 pts
1 year+12.2%-9.9% +22.1 pts
2 years+59.7%-13.6% +73.3 pts
3 years+289.7%+14.2% +275.6 pts
5 years+778.0%+27.9% +750.1 pts

Red flags

F-score 2 of 8
lookInventory outrunning sales Inventory grew 16% vs sales -43% in 2026
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹17 Cr -32.0% vs Jun 2025. Net loss ₹15 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-07-06Annual General Meeting
2022-09-21Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-19 Annual General Meeting
2018-08-06 Annual General Meeting
2017-08-03 Annual General Meeting
2016-08-25 Annual General Meeting
2015-05-28Annual General Meeting
2014-05-29Annual General Meeting / Dividend - Rs 2/- Per Share
2013-05-23Annual General Meeting / Final Dividend Rs.2/- Per Equity Share
2012-05-24Annual General Meeting And Dividend Rs.2/- Per Share
2011-05-19Dividend-Rs.2/- Per Share
2010-05-20Dividend-Rs.2/- Per Share
2009-05-14Agm/Div-Rs.1.50 Per Share
2008-07-15Annual General Meeting
2007-08-17Agm
2006-07-03Agm
DateTypeWhat it says
2026-09-30Disclosure under SEBI TakeovKamineni Hospitals Private Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of a...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-30NCLTState Bank of India Vs Oil Country Tubular Ltd Vs
2021-07-02NCLTState Bank of India Vs Oil Country Tubular Ltd Vs
2021-06-11NCLTState Bank of India Vs Oil Country Tubular Ltd Vs
2021-03-25NCLTState Bank of India Vs Oil Country Tubular Ltd Vs
2021-02-18NCLTState Bank of India Vs Oil Country Tubular Ltd Vs
2021-01-22NCLTState Bank of India Vs Oil Country Tubular Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)ESM: stage 2Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03