Oil India Ltd - A Value Buy

CMP: 465

Oil India Ltd. explores, produces, and transports crude oil and natural gases.

Oil India is a great value buy in large cap space. Its currently trading at a P/E of 8 with excellent dividend yields of over 3% in the last 12 months. Minimal liabilities and strong cash & cash equivalents makes it a safe value buy. Revenues have steadily risen from 6082 Crores to 8611 Crores in the last 4 years. Profits have risen more from 1789 Crores to 2887 Crores over the last 4 years. NPM has risen from 29% to 33% maintaining its strong hold. Oil India paid advance tax of Rs 600 crores for Q3 FY12 vs Rs 450 crores YoY. Buy, accumulate on dips and hold for long term gains.