Buy Oil India, target price Rs 270: Emkay Global

Buy Oil India, target price Rs 270:  Emkay Global
Emkay Global has purchase name on . with a target price of Rs 270. The present market price of Oil India Ltd. is Rs 196.4.

Oil India Ltd., integrated within the yr 1959, is a Mid Cap firm (having a market cap of Rs 21286.87 Crore) working in Gas & Petroleum sector.

Oil India Ltd. key Products/Revenue Segments embody Oil Crude, Gas Natural, Income From Transportation Services, Other Operating Revenue, Renewable Energy System and Condensate for the yr ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the corporate reported a Consolidated Total Income of Rs 8598.85 Crore, down -26.16 % from final quarter Total Income of Rs 11645.49 Crore and up 15.89 % from final yr identical quarter Total Income of Rs 7420.13 Crore. Company reported internet revenue after tax of Rs 1728.50 Crore in newest quarter.

Investment Rationale
The brokerage values OIL on an SOTP foundation, comprising standalone (utilizing DCF) and NRL (DDM). Investments are valued at TP or CMP, with a 30% Holdco low cost. Key dangers: Adverse oil-gas costs, coverage points, native tensions, value overruns, outages, and dry holes.

Promoter/FII Holdings
Promoters held 56.66 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 12.42 per cent, DIIs 15.37 per cent.

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