About
Oil Country Tubular Limited manufactures and sells casing, tubing, and drill pipes used in the oil and gas drilling and exploration sector in India and internationally. It offers API connections, and double shoulder and high torque connections; heavy weight drill pipes; and drill collars, as well as tubing, casing, and high collapse casing products. The company also provides accessories, such as rotary subs, lift plugs and subs, lifting bails, pup joints, sleeve stabilizers, tool joints, welded blade stabilizers, and couplings, as well as drill rods. In addition, it offers services comprising tool joint hard facing, tool joints make and break, internal plastic coating of drill pipe and tubing, drill pipe reconditioning, drill pipe re-threading, tubing and casing, and field inspection. The company was incorporated in 1985 and is based in Hyderabad, India. Oil Country Tubular Limited is in Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016.
Key Metrics
as of Sep 2026Market Cap338 Cr
P/E—
Div Yield0.00 %
Book Value₹38.00
52w High₹86.80
52w Low₹35.60
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 17.00 | 30.00 | 6.00 | 10.00 | 25.00 | 34.00 | 41.00 | 22.00 | 25.00 | 11.00 | 6.00 | 1.00 | 0.00 |
| Expenses | 16.00 | 28.00 | 10.00 | 12.00 | 16.00 | 22.00 | 24.00 | 16.00 | 18.00 | 8.00 | 4.00 | 3.00 | 3.00 |
| Operating Profit | 1.00 | 2.00 | -4.00 | -2.00 | 9.00 | 12.00 | 17.00 | 7.00 | 7.00 | 3.00 | 2.00 | -3.00 | -2.00 |
| OPM % | 6.00 | 7.00 | -70.00 | -23.00 | 36.00 | 36.00 | 41.00 | 30.00 | 29.00 | 30.00 | 32.00 | -357.00 | -1,181.00 |
| Other Income | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 17.00 | 18.00 | 17.00 | 17.00 | 17.00 | 25.00 | 14.00 | 16.00 | 15.00 | 18.00 | 23.00 | 13.00 | 18.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Profit before tax | -15.00 | -15.00 | -21.00 | -20.00 | -8.00 | -12.00 | 2.00 | -10.00 | -9.00 | -16.00 | -22.00 | -17.00 | -21.00 |
| Tax % | -1.00 | -10.00 | -18.00 | 10.00 | 5.00 | -12.00 | 2.00 | 32.00 | 10.00 | -9.00 | -27.00 | -12.00 | -12.00 |
| Net Profit | -15.00 | -14.00 | -17.00 | -22.00 | -9.00 | -11.00 | 2.00 | -13.00 | -10.00 | -15.00 | -16.00 | -15.00 | -19.00 |
| EPS in Rs | -2.91 | -2.62 | -3.36 | -4.15 | -1.69 | -2.20 | 0.37 | -2.97 | -2.21 | -3.31 | -3.65 | -3.35 | -4.22 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 70.00 | 123.00 | 18.00 | 0.00 | 0.00 | 2.00 | 11.00 | 25.00 | 11.00 | 7.00 | 152.00 | 260.00 |
| Expenses | 66.00 | 80.00 | 21.00 | 14.00 | 7.00 | 14.00 | 35.00 | 76.00 | 25.00 | 25.00 | 136.00 | 229.00 |
| Operating Profit | 5.00 | 43.00 | -2.00 | -14.00 | -7.00 | -12.00 | -24.00 | -51.00 | -15.00 | -18.00 | 16.00 | 31.00 |
| OPM % | 7.00 | 35.00 | -14.00 | -5,226.00 | — | -517.00 | -221.00 | -200.00 | -138.00 | -241.00 | 11.00 | 12.00 |
| Other Income | 2.00 | 3.00 | 4.00 | 142.00 | 0.00 | 3.00 | 2.00 | 3.00 | 1.00 | -47.00 | 12.00 | 3.00 |
| Interest | 1.00 | 6.00 | 6.00 | 12.00 | 25.00 | 22.00 | 19.00 | 15.00 | 20.00 | 18.00 | 17.00 | 16.00 |
| Depreciation | 70.00 | 70.00 | 72.00 | 30.00 | 19.00 | 20.00 | 21.00 | 21.00 | 22.00 | 22.00 | 23.00 | 22.00 |
| Profit before tax | -64.00 | -29.00 | -76.00 | 86.00 | -51.00 | -51.00 | -62.00 | -85.00 | -55.00 | -105.00 | -12.00 | -4.00 |
| Tax % | -4.00 | 9.00 | -8.00 | -22.00 | 0.00 | 0.00 | 0.00 | -2.00 | -33.00 | -15.00 | -47.00 | -44.00 |
| Net Profit | -61.00 | -32.00 | -70.00 | 105.00 | -51.00 | -51.00 | -62.00 | -83.00 | -37.00 | -89.00 | -7.00 | -2.00 |
| EPS in Rs | -11.83 | -6.66 | -15.91 | 23.64 | -11.59 | -11.49 | -14.03 | -18.74 | -8.35 | -20.19 | -1.49 | -0.47 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 52.00 | 48.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 |
| Reserves | 145.00 | 184.00 | 150.00 | 206.00 | -171.00 | -119.00 | -69.00 | -7.00 | 76.00 | 113.00 | 197.00 | 204.00 |
| Borrowings | 25.00 | 45.00 | 90.00 | 66.00 | 223.00 | 171.00 | 124.00 | 121.00 | 122.00 | 141.00 | 131.00 | 150.00 |
| Other Liabilities | 101.00 | 113.00 | 144.00 | 183.00 | 160.00 | 143.00 | 130.00 | 107.00 | 97.00 | 58.00 | 65.00 | 88.00 |
| Total Liabilities | 323.00 | 389.00 | 429.00 | 499.00 | 257.00 | 239.00 | 229.00 | 265.00 | 339.00 | 356.00 | 437.00 | 486.00 |
| Fixed Assets | 242.00 | 307.00 | 376.00 | 452.00 | 134.00 | 154.00 | 174.00 | 195.00 | 216.00 | 237.00 | 259.00 | 280.00 |
| CWIP | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52.00 | 52.00 |
| Other Assets | 80.00 | 82.00 | 54.00 | 47.00 | 122.00 | 86.00 | 55.00 | 70.00 | 123.00 | 119.00 | 126.00 | 153.00 |
| Total Assets | 323.00 | 389.00 | 429.00 | 499.00 | 257.00 | 239.00 | 229.00 | 265.00 | 339.00 | 356.00 | 437.00 | 486.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -4.00 | 30.00 | -19.00 | 169.00 | -27.00 | -26.00 | 12.00 | 20.00 | 38.00 | 8.00 | 1.00 | 52.00 |
| Cash from Investing Activity | -5.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -7.00 | -13.00 |
| Cash from Financing Activity | 4.00 | -19.00 | 18.00 | -169.00 | 27.00 | 26.00 | -15.00 | -17.00 | -38.00 | -8.00 | 0.00 | -39.00 |
| Net Cash Flow | -5.00 | 12.00 | 1.00 | 0.00 | 0.00 | 0.00 | -3.00 | 3.00 | 0.00 | -1.00 | -6.00 | 0.00 |
| Free Cash Flow | -10.00 | 30.00 | -17.00 | 169.00 | -27.00 | -26.00 | 12.00 | 20.00 | 38.00 | 8.00 | -1.00 | 43.00 |
| CFO/OP % | -107.00 | 72.00 | 744.00 | -1,199.00 | 362.00 | 228.00 | -34.00 | -39.00 | -263.00 | -53.00 | 13.00 | 176.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65.00 | 57.00 | 0.00 | 0.00 | — | 313.00 | 8.00 | 12.00 | 40.00 | 57.00 | 4.00 | 25.00 |
| Inventory Days | 755.00 | 856.00 | — | 88,824.00 | — | 9,271.00 | 1,879.00 | 338.00 | 4,921.00 | 6,904.00 | 499.00 | 361.00 |
| Days Payable | 29.00 | 28.00 | — | 8,159.00 | — | 757.00 | 113.00 | 47.00 | 993.00 | 2,023.00 | 112.00 | 107.00 |
| Cash Conversion Cycle | 791.00 | 885.00 | 0.00 | 80,665.00 | — | 8,826.00 | 1,774.00 | 303.00 | 3,969.00 | 4,938.00 | 390.00 | 279.00 |
| Working Capital Days | 231.00 | 77.00 | 531.00 | 8,598.00 | — | -17,389.00 | -3,782.00 | -1,264.00 | -2,889.00 | -3,648.00 | -104.00 | -78.00 |
| ROCE % | -25.00 | -8.00 | -23.00 | 47.00 | -28.00 | -30.00 | -34.00 | -35.00 | -13.00 | -10.00 | 1.00 | 3.00 |
Corporate Actions
20 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 23 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 06 Jul 2023 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 06 Aug 2018 | — | — | — | Annual General Meeting |
| Other | 03 Aug 2017 | — | — | — | Annual General Meeting |
| Other | 25 Aug 2016 | — | — | — | Annual General Meeting |
| Other | 28 May 2015 | — | — | — | Annual General Meeting |
| Dividend | 29 May 2014 | — | — | 2.00 | |
| Dividend | 23 May 2013 | — | — | 2.00 | |
| Other | 23 May 2013 | — | — | — | Annual General Meeting / Final Dividend Rs.2/- Per Equity Share |
| Dividend | 24 May 2012 | — | — | 2.00 | |
| Dividend | 19 May 2011 | — | — | 2.00 | |
| Dividend | 20 May 2010 | — | — | 2.00 | |
| Dividend | 14 May 2009 | — | — | 1.50 | |
| Other | 15 Jul 2008 | — | — | — | Annual General Meeting |
| Other | 17 Aug 2007 | — | — | — | Agm |
| Other | 03 Jul 2006 | — | — | — | Agm |
| Other | 12 Aug 2005 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update28 Feb 2023 from icra
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Rating update16 Dec 2021 from icra
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Rating update30 Oct 2020 from icra
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Rating update19 Apr 2019 from icra
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Rating update23 Feb 2018 from icra
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Rating update26 Dec 2017 from icra