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Oil Country Tubular Limited (OILCOUNTUB) Fair Value & Analysis

Energy · IN · Market cap ₹3.0B

OC Oil Country Tubular Limited OILCOUNTUB · BSE
Price₹57.69
Fair Value₹11.47
Upside-80.1%
Quality23/100
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Risks

!Trades 80% ABOVE our fair value of ₹11.47
!Mixed Growth
!Loss-making · -35.7% net margin
!Low debt · negative free cash flow
Mixed Growth
Loss-making · -35.7% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 0/100
Evidence: Low Range ₹7.80 – ₹15.15 Share as image

Fair value as of: Aug 22, 2026

From 3 valuation models · updated today

Share price +3.0% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹15.15). The favourable scenario is already priced in.
  • Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (₹7.80 to ₹15.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹98.84 ₹4.01 Fair Value ₹11.47 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹4.01 – ₹98.84 · fair‑value band ₹7.80 – ₹15.15 · the ₹57.69 price screens above the ₹11.47 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Oil Country Tubular Limited (OILCOUNTUB) currently trades at ₹57.69, while our model-based Fair Value estimate is ₹11.47, implying the stock looks roughly 80.1% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Oil Country Tubular Limited generated revenue of ₹1.1B at a net margin of -35.7%. Revenue declined 55.1% year over year. It earns a return on equity of -19.8%. Net debt stands at ₹168M. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹7.80 (bear case) to ₹15.15 (bull case); at ₹57.69, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 62% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -39% fair-value upside, at -80%, OILCOUNTUB screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA ₹10.61 ₹14.29 ₹17.96 54
NCAV (Graham) ₹18.99 ₹25.44 ₹37.97 50
Owner Earnings ₹5.91 ₹13.60 ₹29.15 31
All 3 models by family
DCF Models
Owner Earnings ₹5.91 ₹13.60 ₹29.15 31
Multiples
EV/EBITDA ₹10.61 ₹14.29 ₹17.96 54
Asset-Based
NCAV (Graham) ₹18.99 ₹25.44 ₹37.97 50

Widest divergence: Asset-Based (₹25.44) versus DCF Models (₹13.60). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) ₹1.1B
Revenue growth (YoY) -55.1%
Net margin -35.7%
Return on equity -19.8%
Free cash flow −₹101M FY2026
Operating margin -196%
More key figures
EPS (TTM) ₹-8.30
Net debt ₹168M FY2026

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 25 · Market factors (momentum, volatility) 39

Profitability 1
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 13
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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 heavy weight drill pipes and drill collars, as well as tubing, casing, and high collapse casing products.

Full company description

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 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 hardfacing, 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 headquartered in Hyderabad, India. Oil Country Tubular Limited is in Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Oil Country Tubular Limited reported revenue of ₹701M in FY2026 versus ₹14.3M in FY2022, a compound +164.8%/yr. Reported net income was −₹615M in FY2026.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹701M
Latest YoY
−43.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+100.8%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.0%
Revenue +164.8%/yr
FY22 ₹14.3M
FY23 ₹1.7M
FY24 ₹182M
FY25 ₹1.2B
FY26 ₹701M
Net income
FY22 −₹513M
FY23 ₹1.0B
FY24 −₹704M
FY25 −₹319M
FY26 −₹615M

OILCOUNTUB screens 80% overvalued. Compare with SLB N.V →

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Cite: Fair Value Calculator (2026). "Oil Country Tubular Limited Fair Value". https://www.fairvalue-calculator.com/stock/OILCOUNTUB

Peer Group

Oil & Gas Equipment & Services · 195 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 25 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -36% · Bottom 25%
Operating margin (TTM) -196% · Bottom 25%
Revenue growth -55% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 0
PAST0 · sector 26
HEALTH97 · sector 93
DIVIDEND0 · sector 35

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 488.45 MXN -42%
Baker Hughes Company BKR $64.28 $32.40 -50%
TechnipFMC plc FTI $75.27 $27.43 -64%
Halliburton Company HAL $35.02 $21.50 -39%
Tenaris S.A TS $53.09 $45.68 -14%
Yantai Jereh Oilfield Services Group 002353 ¥144.58 ¥34.17 -76%
Saipem SpA SPM €4.56 €2.72 -40%
Subsea 7 S.A SUBC kr 341.20 kr 221.37 -35%
China Oilfield Services Limited 601808 ¥12.31 ¥12.64 +3%
CNOOC Energy Technology & Services Limited 600968 ¥4.00 ¥5.35 +34%

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Frequently asked questions

Is Oil Country Tubular Limited (OILCOUNTUB) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹11.47 versus a price of ₹57.69, about −80% (overvalued).
What is the fair value of OILCOUNTUB?
Our model-based fair value for Oil Country Tubular Limited is ₹11.47 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹57.69.
What is the quality score of OILCOUNTUB?
Oil Country Tubular Limited has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Oil Country Tubular Limited (OILCOUNTUB)?
Oil Country Tubular Limited reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of OILCOUNTUB?
The net profit margin of Oil Country Tubular Limited is about -35.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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