Oil India Ltd Share Price Target 2026–2030
Oil India Limited (OIL) is a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas, Government of India. Incorporated in 1959, it is one of India’s largest exploration and production (E&P) companies, engaged in crude oil and natural gas exploration, development, production, and transportation. With operations across Assam, Arunachal Pradesh, Rajasthan, and overseas in countries like Mozambique, Venezuela, and Libya, OIL plays a strategic role in India’s energy security. The company is also expanding into renewables, with a joint venture to develop 1.2 GW of solar and wind capacity in Rajasthan. This article provides a data-backed outlook on the Oil India share price target 2026–2030.
Oil India Ltd: Company Overview
- Founded: 1959
- Headquarters: Duliajan, Assam
- Key Segments: Crude Oil & Natural Gas E&P, LPG Production, Pipeline Transportation, Renewable Energy
- Strategic Role: Second-largest E&P PSU in India after ONGC; contributes ~15% of India’s domestic crude production
- Ownership: Government of India holds 56.66%—making it a fully government-controlled Maharatna PSU
OIL benefits from stable reserves, strong cash flow, and consistent dividend payouts. Its foray into renewables aligns with India’s net-zero 2070 roadmap.
Oil India Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹515.00 |
| Market Capitalization | ₹82,916.33 Cr |
| No. of Shares Outstanding | 162.66 Cr |
| 52-Week High / Low | ₹595 / ₹322 |
| P/E Ratio (TTM) | 17.75 |
| P/B Ratio | 1.71 |
| EPS (TTM) | ₹28.71 |
| Book Value (TTM) | ₹298.16 |
| ROE | 13.65% |
| ROCE | 15.43% |
| Dividend Yield | 2.26% |
| Face Value | ₹10 |
| Cash | ₹4,150.15 Cr |
| Total Debt | ₹12,073.82 Cr |
| Debt-to-Equity | 0.25 |
| Sales Growth (YoY) | 2.95% |
| Profit Growth (YoY) | 10.13% |
| Promoter Holding | 56.66% |
Oil India Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹540 – ₹600 |
| 2027 | ₹570 – ₹650 |
| 2028 | ₹600 – ₹710 |
| 2029 | ₹630 – ₹770 |
| 2030 | ₹660 – ₹830 |
Oil India Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹540 | ₹600 |
OIL reported 10.13% YoY profit growth and 2.95% sales growth in FY2025, supported by stable crude realizations and cost discipline. Trading at a P/E of 17.75x—slightly above its 5-year average—the stock reflects moderate optimism. With a healthy ROCE (15.43%) and consistent dividends, the 2026 target of ₹540–₹600 assumes stable oil prices and no major geopolitical disruptions.
Oil India Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹570 | ₹650 |
OIL’s focus on enhancing recovery from mature fields and exploring new basins (e.g., Bengal Basin, Andaman) offers production upside. If crude averages $75–80/barrel and gas demand rises, EPS could reach ₹31–₹34 by FY27. At a P/E of 18–19x, the 2027 range is ₹570–₹650.
Oil India Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹600 | ₹710 |
By 2028, benefits from higher production and renewable energy contributions should reflect in earnings stability. The company’s low debt (D/E: 0.25) and strong cash position (₹4,150 Cr) support capex without straining balance sheets. A P/E of 18–20x on projected EPS (~₹32–₹36) supports the ₹600–₹710 band.
Oil India Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹630 | ₹770 |
Long-term tailwinds include India’s rising energy import dependence and the government’s push for domestic production. Risks include oil price volatility and execution delays in new projects. Using a P/E of 19–21x on FY29 EPS (~₹33–₹37), the 2029 target is ₹630–₹770.
Oil India Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹660 | ₹830 |
Over a five-year horizon, OIL’s value lies in its irreplaceable role in India’s energy mix, not explosive growth. If it sustains 8–10% earnings CAGR and maintains a 25–30% dividend payout, a terminal P/E of 20–22x on FY30 EPS (~₹33–₹38) justifies the ₹660–₹830 range.
Oil India Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (GOI) | 56.66% |
| Domestic Institutional Investors (DII) | 29.30% |
| Foreign Institutional Investors (FII) | 7.54% |
| Public & Retail | 6.49% |
| Others | 0% |
High institutional ownership (36.8%) reflects confidence in governance and cash flow stability.
Oil India Ltd: Strengths vs Risks
Strengths:
- Strategic national asset with long-life reserves
- Consistent dividend payer (2.26% yield; ~28% payout ratio)
- Strong balance sheet: low debt, high cash reserves
- Diversification into renewables reduces long-term obsolescence risk
Risks:
- Earnings are highly sensitive to global crude and gas prices
- Mature fields face natural decline; discoveries are slow
- Capex intensity in E&P can pressure short-term margins
- PSU inefficiencies may limit agility vs private players
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Medium (tied to global oil markets) |
| Dividend/Income Potential | Yes (2.26% yield + consistent payouts) |
| Best For | Conservative investors seeking PSU energy exposure with income |
Final Verdict
Oil India Limited remains a cornerstone of India’s domestic energy production. Despite modest sales growth, its profitability, balance sheet strength, and strategic importance make it a reliable long-term holding. Our Oil India share price target 2026–2030 (₹540 to ₹830) reflects steady appreciation driven by commodity stability and policy support—not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Oil India Consolidated Page (FY2025 + TTM)
- Finology Ticker – OIL Financial Ratios & Valuation
- Oil India Investor Presentation (Q2 FY26, Sep 2025)
- BSE India – Annual Report FY2025
- Ministry of Petroleum & Natural Gas – Maharatna PSU Dashboard
