Company Profile: The company operates in the oil refinery business and is among India’s largest commercial enterprises. The company owns the 11 oil refineries in India out of 23, Accounting for nearly half of the petroleum products, 35% of refining capacities in the Indian market, and 71% of pipelines in India. The company is now setting up a joint venture to make its presence globally.
The company also supplies different products for a variety of use of customers under the Indane Gas, Servo lubricant, Extra Premium Petrol, EXTRA MILE, etc.
With a 65% stake in Bulk customers like aviation and state Transport companies, it is a leader in also 6500 Dedicated Pump with 45000 Customer touchpoints.
The company is increasing its presence in the Petrochemical business and is now the second-largest player in the field.
Share Holding Pattern: BSE Shareholding filings
Financials and Ratio
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Future Prospects: As India’s Leading oil refinery and sizeable Downstream Oil company, it was vulnerable to Oil fluctuations. A big part of the revenue comes from ATF, natural gas, and state Transport which makes it attractive. The subsidies are now meager, and the customer is buying at market prices, helping the company. The company is planning capital expenditure.
The profile of the company is mixed. Good connections with ONGC, large refinery capacity, and diversified portfolio for Petrol and natural gas are still not performing predictably. The company’s margins are also low, sometimes lower than the cost of debt.
As the company is state-owned and LIC and ONGC, Oil India also holds a stake. It is nearly riskless.
