Oil Country share price & results
- Jun 2026
- Sept 2026
Hyderabad-based OCTG manufacturer making drill pipes, heavy-weight drill pipes, drill collars, casing and tubing for oilfield drilling, now diversifying into precision machining under a new Engineering Division.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 17.0 | −32.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.0 | −30.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -15.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -31.70 | −13.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -14.13 | −38.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -48.36 | +56.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +5.1% 1Y
1Y: ₹69.98 on 24 Oct 2025 → ₹73.55. High ₹86.25 (9 Oct 2026), low ₹36.96 (30 Mar 2026).
- Previous close
- ₹70.9
- Market cap
- ₹369 Cr
- 52-week range
- ₹36.96 – ₹86.25
- One year
- +4.94%
- Return on equity (TTM to Jun 2026)
- -31.70%
Overview
- Symbol
- NSE:OILCOUNTUB
- Industry
- Energy
- Exchange
- NSE
- Currency
- INR
What Oil Country does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −67% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 22 | 41 | 34 | 25 | 10 | 6 | 30 | 17 |
| Expenses | 16 | 24 | 22 | 16 | 12 | 10 | 28 | 16 |
| Operating profit | 7 | 17 | 12 | 9 | -2 | -4 | 2 | 1 |
| Operating margin | 30.0% | 41.0% | 36.0% | 36.0% | −23.0% | −70.0% | 7.0% | 6.0% |
| Other income | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 |
| Interest | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 16 | 14 | 25 | 17 | 17 | 17 | 18 | 17 |
| Profit before tax | -10 | 2 | -12 | -8 | -20 | -21 | -15 | -15 |
| Tax rate | 32.0% | 2.0% | −12.0% | 5.0% | 10.0% | −18.0% | −10.0% | −1.0% |
| Net profit | -13 | 2 | -11 | -9 | -22 | -17 | -14 | -15 |
| EPS (₹ per share) | -2.97 | 0.37 | -2.20 | -1.69 | -4.15 | -3.36 | -2.62 | -2.91 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 0 | 18 | 122 | 71 |
| Expenses | 15 | 18 | 80 | 66 |
| Operating profit | -14 | 0 | 43 | 5 |
| Other income | 142 | 0 | 3 | 1 |
| Interest | 11 | 6 | 6 | 0 |
| Depreciation | 31 | 72 | 70 | 69 |
| Profit before tax | 86 | -76 | -29 | -64 |
| Net profit | 105 | -65 | -32 | -62 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 44 | 44 | 44 | 48 | 52 | 52 |
| Reserves | -171 | 206 | 150 | 184 | 167 | 145 |
| Borrowings | 223 | 66 | 90 | 45 | 25 | 25 |
| Other liabilities | 160 | 183 | 144 | 113 | 101 | 101 |
| Total liabilities | 257 | 499 | 429 | 389 | 345 | 323 |
| Fixed assets | 134 | 452 | 376 | 307 | 276 | 242 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 122 | 47 | 54 | 82 | 69 | 80 |
| Total assets | 257 | 499 | 429 | 389 | 345 | 323 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -26 | -27 | 169 | -19 | 30 | -4 |
| Cash from investing | 0 | 0 | 0 | 2 | 0 | -5 |
| Cash from financing | 26 | 27 | -169 | 18 | -19 | 4 |
| Net cash flow | 0 | 0 | 0 | 1 | 12 | -5 |
| Free cash flow | -26 | -27 | 169 | -17 | 30 | -10 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 313 | — | 0 | 0 | 57 | 65 |
| Inventory days | 9271 | — | 88824 | — | 856 | 755 |
| Days payable | 757 | — | 8159 | — | 28 | 29 |
| Cash conversion cycle | 8826 | — | 80665 | 0 | 885 | 791 |
| Working capital days | -17389 | — | 8598 | 531 | 77 | 231 |
| Return on capital employed | −30.0% | −28.0% | 47.0% | −23.0% | −8.0% | −25.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 52.65% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 47.23%
- Foreign institutions 0.01%
- Domestic institutions 0.10%
- Public 52.65%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 10.05% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Oil Country above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 23.13% | −10.05 pp | |
| 10.05% | newly disclosed | |
| 8.60% | −0.17 pp | |
| 4.33% | unchanged | |
| 3.22% | unchanged | |
| 2.45% | −0.19 pp | |
| 1.87% | unchanged | |
| 1.74% | unchanged | |
| 1.29% | unchanged | |
| 1.29% | unchanged | |
| 1.20% | unchanged | |
| 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.
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