Oil Country Tubular Ltd

OILCOUNTUB

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Market Cap

₹ 349 Cr

P/E

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Oil Country Tubular Limited (OCTL) specializes in producing casing, tubing, and drill pipes for the oil and gas sector, emphasizing drilling and exploration tools.

OCTL operates with a unique integrated facility in Andhra Pradesh, India, offering comprehensive processing and testing services for its tubular goods.

The company has strategic ties with global players like Baker Hughes and Grant Prideco, facilitating advanced services and international market access.

Recent expansions include a heat treatment and end finishing facility, reflecting commitment to cater to growing demands with improved capacities.

OCTL's history of strategic contracts with major companies such as ONGC highlights its competitive edge in the oil tubular goods market.

Sector

Steel

Industry

Steel - Tubes / Pipes

Market Cap

349 Cr

Volatility

Moderate Risk

P/E Ratio

—

Industry P/E

25.9

PEG Ratio

—

P/B Ratio

9.7

52W High

101.00

52W Low

60.76

Sales CAGR

573.79%

—

61.90%

10Y

-2.39%

Profit CAGR

54.78%

—

10Y

—

ROE

TTM

-17.94%

0.35%

-21.02%

10Y

-37.54%

ROCE

TTM

-11.16%

0.32%

-4.07%

10Y

-13.75%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
OILCOUNTUB	64.48	349 Cr	—	9.66	0.00	-17.94	-11.16	-11.38
VSTL	137.00	254 Cr	20.47	1.32	0.00	6.45	7.76	2.45
PSRAJ	308.00	232 Cr	31.32	3.57	0.00	10.89	15.18	9.93
RAJGASES	44.43	202 Cr	—	26.30	0.00	-3.56	6.26	-3.19
RSTL	244.00	194 Cr	25.54	3.12	0.00	15.11	13.44	4.78
REMIEDEL	134.90	168 Cr	67.74	2.82	0.00	5.26	6.32	2.61
ZENITHSTL	7.36	104 Cr	22.91	0.00	0.00	-1.69	-18.62	2.75

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.21	0.76	5.98	11	25	22	41	34	25	10
Expenses	2.69	3.47	4.07	7.91	18	16	24	22	16	12
Operating Profit	-2.48	-2.71	1.91	3.38	7.32	6.70	17	12	8.79	-2.31
OPM %	-1,180.95	-356.58	31.94	29.94	29.28	29.96	40.77	35.92	35.78	-22.99
Other Income	0.42	0.03	0.09	0.43	0.36	0.70	0.75	1.06	0.49	0.47
Interest	1.29	1.32	1.62	1.75	1.71	1.65	1.80	0.35	0.34	0.42
Depreciation	18	13	23	18	15	16	14	25	17	17
Profit Before Tax	-21	-17	-22	-16	-8.88	-9.94	1.67	-12	-8.40	-20
Tax %	11.95	12.45	27.45	8.56	-10.47	-32.39	1.80	11.80	-4.88	-9.77
Net Profit	-19	-15	-16	-15	-9.81	-13	1.64	-11	-8.81	-22
EPS in Rs	-3.60	-2.85	-3.11	-2.82	-1.88	-2.53	0.32	-1.88	-1.70	-3.95

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	7.38	11	25	11	2.23	0.00	0.27	18	123	122
Expenses	25	25	76	35	14	7.38	14	21	80	78
Operating Profit	-17	-14	-51	-24	-12	-7.38	-14	-2.49	43	45
OPM %	-236.60	-135.80	-199.91	-220.54	-518.29	—	-5,129.54	-13.66	35.11	36.43
Other Income	-47	0.59	2.72	2.11	2.77	0.10	142	3.57	2.86	3.00
Interest	18	20	15	19	22	25	12	5.99	5.51	4.14
Depreciation	22	22	21	21	20	19	30	72	70	72
Profit Before Tax	-105	-55	-85	-62	-51	-51	86	-76	-29	-29
Tax %	14.61	33.05	1.98	-0.35	0.00	0.00	-21.75	7.88	-9.49	-7.86
Net Profit	-89	-37	-83	-62	-51	-51	105	-70	-32	-31
EPS in Rs	-17.68	-5.91	-15.36	-11.90	-9.71	-9.81	20.42	-12.39	-5.98	-7.22
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	44	44	44	44	44	44	44	44	44	48
Reserves	197	113	76	-6.73	-69	-119	-171	206	150	184
Borrowings	131	141	122	121	124	171	223	66	90	45
Other Liabilities	65	58	95	104	122	131	148	181	142	106
Total Liabilities	437	356	337	262	222	227	245	497	427	382
Fixed Assets	259	237	216	195	174	154	134	452	376	307
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	126	119	121	67	48	74	110	44	51	75
Total Assets	437	356	337	262	222	227	245	497	427	382

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.44	7.51	38	20	12	-26	-27	169	-19	30
Cash from Investing Activity	-3.64	0.20	-0.47	0.16	0.11	0.22	0.03	0.00	2.09	-0.04
Cash from Financing Activity	0.00	-8.36	-38	-17	-15	26	27	-169	18	-19
Net Cash Flow	-2.20	-0.65	-0.32	3.12	-3.27	-0.00	0.11	0.12	1.47	12

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Jan 2025	Mar 2025	May 2025	Jun 2025	Sep 2025
Promoters	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	49.22%	52.99%	49.22%	56.74%	52.99%	56.73%
FIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.07%	0.08%	0.17%
DIIs	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.11%	0.12%	0.10%	0.11%	0.10%
Public	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	50.65%	46.89%	50.63%	43.09%	46.82%	43.00%
Total Shareholders	30,447	29,540	29,770	30,284	29,800	29,257	28,802	29,429	29,181	29,697	29,497	28,877

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
May 09, 2025	United steel allied industies...	Insider - Promoter Group	Acquisition	65.00	26.98 Cr	41,50,000	8.67
Jan 30, 2025	United steel allied industies...	Insider - Promoter Group	Acquisition	65.00	23.08 Cr	35,50,000	8.01
Dec 30, 2024	Guttikonda vara lakshmi	Bulk	Buy	67.05	1.57 Cr	2,34,173	0.45
Jan 20, 2024	Guttikonda rajasekhar	Bulk	Buy	58.28	1.75 Cr	3,00,000	0.57
Jan 10, 2024	Mansi share & stock advisors ...	Bulk	Buy	43.67	0.39 Cr	90,032	0.17
Jan 10, 2024	Mansi share & stock advisors ...	Bulk	Sell	44.49	1.24 Cr	2,78,099	0.53
Jan 10, 2024	Guttikonda vara lakshmi	Bulk	Buy	44.36	1.59 Cr	3,59,141	0.69
Dec 07, 2023	Guttikonda vara lakshmi	Bulk	Buy	25.42	0.67 Cr	2,63,157	0.50
Jun 21, 2023	Prithvi finmart private lim...	Bulk	Sell	29.05	1.04 Cr	3,58,674	0.68
Jun 21, 2023	Prithvi finmart private lim...	Bulk	Buy	29.45	1.07 Cr	3,63,128	0.69

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

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Bullish

Overall

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.21	0.76	5.98	11	25	22	41	34	25	10
Expenses	2.69	3.47	4.07	7.91	18	16	24	22	16	12
Operating Profit	-2.48	-2.71	1.91	3.38	7.32	6.70	17	12	8.79	-2.31
OPM %	-1,180.95	-356.58	31.94	29.94	29.28	29.96	40.77	35.92	35.78	-22.99
Other Income	0.42	0.03	0.09	0.43	0.36	0.70	0.75	1.06	0.49	0.47
Interest	1.29	1.32	1.62	1.75	1.71	1.65	1.80	0.35	0.34	0.42
Depreciation	18	13	23	18	15	16	14	25	17	17
Profit Before Tax	-21	-17	-22	-16	-8.88	-9.94	1.67	-12	-8.40	-20
Tax %	11.95	12.45	27.45	8.56	-10.47	-32.39	1.80	11.80	-4.88	-9.77
Net Profit	-19	-15	-16	-15	-9.81	-13	1.64	-11	-8.81	-22
EPS in Rs	-3.60	-2.85	-3.11	-2.82	-1.88	-2.53	0.32	-1.88	-1.70	-3.95

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	7.38	11	25	11	2.23	0.00	0.27	18	123	122
Expenses	25	25	76	35	14	7.38	14	21	80	78
Operating Profit	-17	-14	-51	-24	-12	-7.38	-14	-2.49	43	45
OPM %	-236.60	-135.80	-199.91	-220.54	-518.29	—	-5,129.54	-13.66	35.11	36.43
Other Income	-47	0.59	2.72	2.11	2.77	0.10	142	3.57	2.86	3.00
Interest	18	20	15	19	22	25	12	5.99	5.51	4.14
Depreciation	22	22	21	21	20	19	30	72	70	72
Profit Before Tax	-105	-55	-85	-62	-51	-51	86	-76	-29	-29
Tax %	14.61	33.05	1.98	-0.35	0.00	0.00	-21.75	7.88	-9.49	-7.86
Net Profit	-89	-37	-83	-62	-51	-51	105	-70	-32	-31
EPS in Rs	-17.68	-5.91	-15.36	-11.90	-9.71	-9.81	20.42	-12.39	-5.98	-7.22
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	44	44	44	44	44	44	44	44	44	48
Reserves	197	113	76	-6.73	-69	-119	-171	206	150	184
Borrowings	131	141	122	121	124	171	223	66	90	45
Other Liabilities	65	58	95	104	122	131	148	181	142	106
Total Liabilities	437	356	337	262	222	227	245	497	427	382
Fixed Assets	259	237	216	195	174	154	134	452	376	307
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	126	119	121	67	48	74	110	44	51	75
Total Assets	437	356	337	262	222	227	245	497	427	382

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.44	7.51	38	20	12	-26	-27	169	-19	30
Cash from Investing Activity	-3.64	0.20	-0.47	0.16	0.11	0.22	0.03	0.00	2.09	-0.04
Cash from Financing Activity	0.00	-8.36	-38	-17	-15	26	27	-169	18	-19
Net Cash Flow	-2.20	-0.65	-0.32	3.12	-3.27	-0.00	0.11	0.12	1.47	12

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
OILCOUNTUB	64.48	349 Cr	—	9.66	0.00	-17.94	-11.16	-11.38
VSTL	137.00	254 Cr	20.47	1.32	0.00	6.45	7.76	2.45
PSRAJ	308.00	232 Cr	31.32	3.57	0.00	10.89	15.18	9.93
RAJGASES	44.43	202 Cr	—	26.30	0.00	-3.56	6.26	-3.19
RSTL	244.00	194 Cr	25.54	3.12	0.00	15.11	13.44	4.78
REMIEDEL	134.90	168 Cr	67.74	2.82	0.00	5.26	6.32	2.61
ZENITHSTL	7.36	104 Cr	22.91	0.00	0.00	-1.69	-18.62	2.75

Overview

Detailed Summary

Oil Country Tubular Limited (OCTL) specializes in producing casing, tubing, and drill pipes for the oil and gas sector, emphasizing drilling and exploration tools.

OCTL operates with a unique integrated facility in Andhra Pradesh, India, offering comprehensive processing and testing services for its tubular goods.

The company has strategic ties with global players like Baker Hughes and Grant Prideco, facilitating advanced services and international market access.

Recent expansions include a heat treatment and end finishing facility, reflecting commitment to cater to growing demands with improved capacities.

OCTL's history of strategic contracts with major companies such as ONGC highlights its competitive edge in the oil tubular goods market.

Sector

Steel

Industry

Steel - Tubes / Pipes

Market Cap

349 Cr

Volatility

Moderate Risk

P/E Ratio

—

Industry P/E

25.9

PEG Ratio

—

P/B Ratio

9.7

52W High

101.00

52W Low

60.76

Sales CAGR

573.79%

—

61.90%

10Y

-2.39%

Profit CAGR

54.78%

—

10Y

—

ROE

TTM

-17.94%

0.35%

-21.02%

10Y

-37.54%

ROCE

TTM

-11.16%

0.32%

-4.07%

10Y

-13.75%