Oil India joins the multibagger club by generating 114% return in a year!

Oil India joins the multibagger club by generating 114% return in a year!

by 5paisa Research Team Last Updated: Dec 10, 2022 - 11:57 pm 25.6k Views
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The company has been one of the top gainers in last couple of weeks.

Oil India Ltd (OIL), a state-owned ‘Navratna’ engaged in the production of crude oil and natural gas in India and abroad, has delivered exceptional returns for its shareholders in just a year. An investment of Rs 1 lakh in the stocks could have made Rs 2.14 lakh for you. It has emerged to be one of the best stocks in the PSU large cap category that belongs to the S&P BSE 200 group.

The oil giant has been well favoured by the rising crude oil prices. In the trailing one-month period, the stock has jumped by over 39%. The sale of crude oil contributes nearly 76% to the company’s revenues. And hence, a rising crude oil prices environment is beneficial for the company. Growing demand for oil in the US and worrying concerns from supply-side from certain countries are driving the oil prices. On 8th June, oil prices hit a 13-week high. Also, oil companies are benefitting from higher gross refining margins (GRM). A strong earnings picture is expected for the upcoming quarters.

In Q4FY22, revenue grew by 36.42% YoY to Rs 8869.71 crore from Rs 6501.62 crore in Q4FY21. On a sequential basis, the top-line was up by 15.41%. PBIDT (Ex OI) was reported at Rs 3830.31 crore, up by 103.36% as compared to the year-ago period and the corresponding margin was reported at 43.18%, expanding by 1421 basis points YoY. PAT was reported at Rs 2909.79 crore, up by 207.62% YoY. The PAT margin stood at 32.81% in Q4FY22 expanding from 14.55% in Q4FY21.

Oil India (OIL) is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P-related services and holds an equity stake in Numaligarh Refinery. It has a 52-week high of Rs 306 and a 52-week low of Rs 139.50.

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