Oil India (NSE:OIL) ROCE %: 13.15% (As of Mar. 2026)

What is Oil India ROCE %?

Oil India NSE:OIL -2.69% 87 ROCE % is 13.15% as of Mar. 2026. GuruFocus rates NSE:OIL with a GF Score™ of 87/100 and a GF Value™ of ₹481.51 (Modestly Undervalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Oil India's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.15%.

Oil India (NSE:OIL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Oil India ROCE % Related Terms

Oil India ROCE % Historical Data

* Premium members only.

The historical data trend for Oil India's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Oil India ROCE % Chart

Oil India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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19.83

23.40

13.65

12.58

11.02

Oil India Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															10.92	12.12	9.13	8.64	13.15

87GF Score

Oil India Ltd NSE:OIL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Oil India ROCE % Calculation

Oil India's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	107862.5	/	( ( (1044446.7 - 152179.1)	+	(1238480.4 - 173512.5) )	/ 2 )
	=	107862.5	/	( (892267.6	+	1064967.9)	/ 2 )
	=	107862.5	/	978617.75
	=	11.02 %

Oil India's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	140018.4	/	( ( (0 - 0)	+	(1238480.4 - 173512.5) )	/ 1 )
	=	140018.4	/	( ( 0	+	1064967.9 )	/ 1 )
	=	140018.4	/	1064967.9
	=	13.15 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 13.15% mean?

Oil India (NSE:OIL) has a ROCE % of 13.15% as of Mar. 2026.

Is Oil India's ROCE % too high?

Oil India's current ROCE % is 13.15%. The Oil & Gas industry median ROCE % is 6.79. Oil India's value of 13.15% is 93.7% above this industry median. Overall, Oil India has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Oil India's ROCE % compare to XOM and CVX?

Oil India's ROCE % of 13.15% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Oil India's value of 13.15% is 93.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oil India's current ROCE % of 13.15% is 93.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil India's current ROCE % is 13.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Oil India stock overvalued right now?

Based on GuruFocus' analysis, Oil India (NSE:OIL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹481.51, compared to a current price of ₹406.80 — trading 15.5% below its estimated fair value. The current ROCE % is 13.15% and 93.7% above the Oil & Gas industry median of 6.79. Oil India's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Oil India (NSE:OIL), the current ROCE % is 13.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Oil India (NSE:OIL) Overvalued in 2026?

Based on GuruFocus' analysis, Oil India stock appears to be undervalued. The current stock price of ₹406.80 is trading 15.5% below its estimated GF Value™ of ₹481.51. GuruFocus considers Oil India to be Modestly Undervalued.

Key valuation signals for NSE:OIL:

ROCE %: 13.15%
GF Value™: ₹481.51 vs. price of ₹406.80 (15.5% below fair value)
GF Score™: 87/100 with 5 warning signs
Industry Position: 93.7% above the Oil & Gas median

No single metric tells the full story. See the NSE:OIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Oil India Business Description

Industry Energy Oil & Gas

Comparable Companies BOM:500312 SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 MIL:ENI TSX:SU ADX:ADNOCGAS TSX:IMO TSX:CVE WAR:PKN BKK:PTT BOG:ECOPETROL XMAD:REP

Other Exchanges 533106:India

Address Sector - 16A, Plot No. 19, Near Film City, Noida, UP, IND, 201301

Website https://www.oil-india.com

Oil India Ltd is mainly engaged in exploration, development, and production of products such as crude oil, natural gas, condensate, petroleum products, LPG, and providing services such as pipeline transportation services, City Gas Distribution (CGD), and generation of renewable energy. The group has adopted its products and services (viz. Crude Oil, Natural Gas, Petroleum Products, LPG, Pipeline Transportation, Renewable Energy, and Others) as the primary reporting segments. Maximum revenue for the group is generated from the sale of Refinery Products.

87GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹406.80

Price

₹481.51

GF Value

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