OILCOUNTUB

Oil Country financials

Market cap
₹311 Cr
Sector
Oil, Gas & Consumable Fuels

What Oil Country does

Oil Country Tubular Limited (OCTL) manufactures Oil Country Tubular Goods (OCTG) — drill pipes, heavy-weight drill pipes, drill collars, casing, tubing and related connections — supplying orders won through tenders floated by ONGC, OIL India and other exploration customers, under API licences at its integrated facility. Alongside OCTG products, it earns from OCTG product-related services. In FY2024-25 it commenced an Engineering Division offering precision machining services, executing its first order for Midhani (a Defence PSU), as part of a push to diversify into Defence, Aerospace, Power and Railways sectors.

Segments

  • OCTG Products
  • OCTG Product Services
  • Engineering Division
Manufacturing plant
1 (Sreepuram, Narketpally Mandalam, Nalgonda District, Telangana)
Commercial production since
September 1988
Business segments
OCTG Products, OCTG Product Services, Engineering Division (Machining)
API licences
Renewed FY2024-25
Target diversification sectors
Defence, Aero Space, Power, Railways, Critical Engineering Machining Components
Key customers
ONGC, OIL India, Midhani (Defence PSU)
Headquarters Hyderabad, Telangana Company website

Quarterly results

Q1 FY27: revenue down 32.0%, net profit down 66.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue22 41 34 25 10 −55%6 −85%30 −12%17 −32%
EBITDA7 17 12 9 -2 −129%-4 −124%2 −83%1 −89%
Net profit-13 2 -11 -9 -22 −69%-17 −950%-14 −27%-15 −67%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −25.9% 1Y

₹40.0₹50.0₹60.0₹70.0₹80.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹82.56 on 10 Sept 2025 → ₹61.2. High ₹82.83 (11 Sept 2025), low ₹36.96 (30 Mar 2026).

Financials, as filed

Year endingFY23FY24FY25FY26
Revenue₹0 Cr₹18 Cr₹122 Cr₹71 Cr
Operating profit₹-14 Cr₹0 Cr₹43 Cr₹5 Cr
Operating margin—0.0%35.2%7.0%
Interest₹11 Cr₹6 Cr₹6 Cr₹0 Cr
Depreciation₹31 Cr₹72 Cr₹70 Cr₹69 Cr
Net profit₹105 Cr₹-65 Cr₹-32 Cr₹-62 Cr
Net margin—-361.1%-26.2%-87.3%
Cash from operations₹169 Cr₹-19 Cr₹30 Cr₹-4 Cr
Free cash flow₹169 Cr₹-17 Cr₹30 Cr₹-10 Cr
ROCE47.0%-23.0%-8.0%-25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹44 Cr₹44 Cr₹44 Cr₹44 Cr₹52 Cr₹52 Cr
Reserves₹-119 Cr₹-171 Cr₹206 Cr₹150 Cr₹167 Cr₹145 Cr
Borrowings₹171 Cr₹223 Cr₹66 Cr₹90 Cr₹25 Cr₹25 Cr
Other liabilities₹143 Cr₹160 Cr₹183 Cr₹144 Cr₹101 Cr₹101 Cr
Total liabilities₹239 Cr₹257 Cr₹499 Cr₹429 Cr₹345 Cr₹323 Cr
Fixed assets₹154 Cr₹134 Cr₹452 Cr₹376 Cr₹276 Cr₹242 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹86 Cr₹122 Cr₹47 Cr₹54 Cr₹69 Cr₹80 Cr
Total assets₹239 Cr₹257 Cr₹499 Cr₹429 Cr₹345 Cr₹323 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +9.56 pp while promoters trimmed −9.51 pp. The shareholder count grew 3% to 30,361.

Promoters
47.2%
FIIs
0.0%
DIIs
0.1%
Public
52.7%

Since Jun 2025

  • Public +9.56 pp
  • Promoters −9.51 pp
  • FIIs −0.06 pp

How it drifted, 12 quarters

Over this window the public went from 50.6% to 52.7% — +2.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Dec '23: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Mar '24: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Jun '24: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Sep '24: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Dec '24: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Mar '25: Promoters 49.2%, FIIs 0.0%, DIIs 0.1%, Public 50.6%.Jun '25: Promoters 56.7%, FIIs 0.1%, DIIs 0.1%, Public 43.1%.Sep '25: Promoters 56.7%, FIIs 0.2%, DIIs 0.1%, Public 43.0%.Dec '25: Promoters 47.2%, FIIs 0.0%, DIIs 0.1%, Public 52.6%.Mar '26: Promoters 47.2%, FIIs 0.0%, DIIs 0.1%, Public 52.6%.Jun '26: Promoters 47.2%, FIIs 0.0%, DIIs 0.1%, Public 52.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Oil Country above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
United Steel Allied Industries Pvt Ltd 33.18%unchanged
Vivek Mundra 8.77%−0.42 pp
Investor Education and Protection Fund 4.34%unchanged
Guttikonda Vara Lakshmi 3.22%+0.21 pp
Rajagiridhar Kumar Nimmag 2.64%−0.25 pp
Rajasekhar Guttikonda 1.87%+0.63 pp
Ghansham Das Gilada 1.74%unchanged
K Gayatri Devi 1.29%unchanged
K Barghavi 1.29%unchanged
B.Ushashree 1.20%unchanged
Satya Sree Kamineni 1.20%unchanged
Kamineni Seemanthini 1.20%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Oil Country

Guides on how to read this kind of business and the numbers that matter.