Oil Country Tubular Ltd.
Snapshot View

7.50 -0.26 ▼-3.4%

23 July 2021, 04:00:00 P.M.
Volume: 2,629

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.octlindia.com
Financial Indicators
Market Cap 33.22 Cr.
Earnings per share (EPS) -11.49 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 19.75 Trailing Twelve Months Ending 2021-03
Book Value / Share -17.16 Trailing Twelve Months Ending 2021-03
Price to Book Value -0.44 Calculated using Price: 7.50
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 4.43 Cr. 44,289,530 Shares
FaceValue 10
Company Profile

Oil Country Tubular Limited (OCTL), incorporated in the year 1985, is one of the leading companies in the world processing a range of oil country tubular goods required for the oil drilling and exploration industry.

OCTL is located near Hyderabad city and has an unique facility in the world. OCTL has earned worldwide recognition for the quality of its products and services. Innovation and technical excellence are the driving spirit behind OCTL and the overriding focus at OCTL is on the quality of its products and services.

At OCTL, the complete processing activity is concentrated in a single unique integrated plant located at Narketpally and with corporate headquarters at Hyderabad. The facilities include Upsetting, Heat Treatment, Non-Destructive Testing, Metallurgical Laboratory, Gaging and Calibration Laboratory, Tool Joint and Coupling Threading, Casing and Tubing Threading, Friction Welding of Drill Pipe, Hydrostatic Testing and Internal Plastic Coating of Tubulars.

OCTL's wide product range covers Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Production Tubing, Casing, Tool Joints, Couplings, Pup Joints, Nipples, Subs, and Cross Overs.

OCTL's oil field accessories include Rotary Subs, Lift Plugs and Lift Subs, Cross Overs (Drill Pipe to Drill Collar or Drill Collar to Drill Collar), Stabilizer Sleeves, Welded Blade Stabilizers & Integral Stabilizers and Cast Steel Lifting Bails.

Services include Tool Joint Hardbanding, Make and Break of Tool Joints, Internal Plastic Coating of Drill Pipe and Tubing, Reconditioning of Drill Pipe, Re-threading of Drill Pipe, Tubing and Casing, and Field Inspection of Tubulars.

OCTL can also manufacture and supply in large numbers finished Tool Joints and API Couplings for Tubing and Casing of all grades.

OCTL believes in the principles of continuous improvement which are put into practice at every level in the organization. It is OCTL's continuous endeavor to improve the quality of its products and services to the satisfaction of its customers, by adopting the latest manufacturing practices and technical improvements.

Its integrated facility gives it the 'competitive edge', supported by its personnel who are highly motivated, dedicated and committed to produce quality products consistently.

Product range of the company includes:

OCTL’s wide product range covers Drill Pipe, Heavy Weight Drill Pipe, Drill Collars,Production Tubing, Casing, Tool Joints, Couplings, Pup Joints, Subs, and Cross Overs.

  • Drill Pipe- OCTL offers a complete range of drill pipe with tool joints attached from 2 3/8' OD to 5 1/2' OD according to API Specification 7 and guidelines presented in API RP7G and Premium Specifications. Drill Pipes with 95% Remaining Body Wall and Extra Long Tool Joints and Special Grades are also offered upon Customer's request. Plain End Pipes and Tool Joint Forgings are ordered to specific metallurgical chemistries and are matched for physical properties, welding compatibility, weld strength and product integrity.
  • OCTL DS Connection- OCTL DS (Double Shoulder) High Torque Connection substantially increases drilling safety and performance by providing higher torque capacity than standard API connections. The superior torsional strength makes OCTL DS connection ideal for use in aggressive drilling programs.
  • Heavy Weight Drill Pipe- OCTL Heavy Weight Drill Pipe consists of two extra long tool joints and one central heavy wall tube. The tool joints are friction welded to the central heavy wall tube. The tool joints are manufactured from AISI 4145 H modified material, fully heat treated to 285 _ 341 Brinell hardness and 40 ft-lbs. minimum Charpy V-notch Impact strength. All other physical properties conform to API Specification 7. The central heavy wall tube is manufactured from AISI 1340 steel or equivalent.
  • Drill Collars- OCTL Drill Collars (Slick and Spiral) are manufactured from AISI 4145 H Chromium Molybdenum Alloy Steel and are fully heat treated to a Brinell Hardness range of 285-341 BHN and have a minimum Charpy V-notch Impact strength of 40 ft-lbs. at 70° F and a minimum elongation of 13%. The mechanical properties meet or exceed API Specification 7 requirements. The physical properties are guaranteed one inch below the surface at ambient room temperature.
  • Tubing- OCTL offers the complete range of API Tubing including Integral and Threaded and Coupled, from 2 3/8' OD to 4 ½' OD according to API Specification 5CT and also Premium Connections.
  • Casing- OCTL offers the complete range of API Casing including Extreme Line and Threaded and Coupled, from 4 ½' OD to 13 3/8' OD according to API Specification 5CT and also Premium Connections.
  • Accessories- Lift Plugs, Lift Subs, Lifting Bails, Pup Joints, Rotary Subs, Sleeve Stabilizers, Tool Joints, Welded Blade Stabilizers, Couplings.
  • Services include Tool Joint Hardfacing (SmoothX®/ Super SmoothX®/ CASING PLUS®/ ARMACOR MTM/ or ARNCO 200XTTM), Make and Break of Tool Joints, Internal Plastic Coating of Drill Pipe and Tubing, Reconditioning of Drill Pipe, Re-threading of Drill Pipe, Tubing and Casing and Field Inspection.
  • Reconditioning of Drill Pipe- it involves full pipe body inspection as per the guidelines of API RP7G, inspection of Tool Joints and inspection of the critical area covering the weld zone and the internal fade out area from the Upset to the pipe body.
  • Rethreading of Drill Pipe involves machining of new connection on the damaged tool joint pin and box. Rethreading of Casing and Tubing involves inspection of the pin threads and the couplings for thread damages. The defective pins are cut off and new pin connections are machined and the damaged couplings are replaced with new couplings. The pipe is hydrostatically tested as per the API Specifications.
  • Field Inspection of Oil Country Tubular Goods as per the API Specifications and Customer requirements is part of OCTL activities.
  • Make and Break of Tool Joints- Break the joints in by making up three times to their recommended make-up torque. This option ensures proper initial make-up of tool joints which affects the life of the tool joint connections. Saves rig time.
  • Internal Plastic Coating of Drill Pipe improves the performance and life of the drill pipe.
  • Tool Joint Hardfacing- SmoothX/Super SmoothX/CASING PLUS/ARMACOR MTM/ or ARNCO 200XTTM/ TCS 8000™/ TCS Titanium™

Achievements/ Recognition

  • Oil Country Tubular Limited has been assessed and certified by the American Petroleum Institute Quality Registrar (APIQR) as being in compliance witt ISO/TS 29001 Quality System.
  • OCTL is licensed by American Petroleum Institute (API) as-Processor of Casing and Tubing: plain end, threaded and coupled, and threader as per API Specification 5CT -Processor of Drill Pipe as per API Specification 5D -Manufacturer of Rotary Drill Stem Elements as per API Specification 7

The products are manufactured to the relevant American Petroleum Institute (API) Specifications and carry API monogram:

  • API Specification 5D, certificate number 5D-0035
  • API Specification 5CT, certificate number 5CT-0243
  • API Specification 7, certificate number 7-0082
  • API Specification 7-1, certificate number 7-1-0082

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-3.35%
1 Week
+3.73%
1 Month
+10.78%
3 Month
+34.89%
6 Month
+26.26%
1 Year
+57.56%
2 Year
-2.09%
5 Year
-77.74%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 18.13 15.10 4.15 -0.84 -2.71 -45.06 -26.82 -106.31 -1,068.18
Return on Capital Employed (%) 16.76 16.73 7.42 2.92 1.25 -25.86 -13.23 -34.79 -33.83
Return on Assets (%) 7.17 6.08 1.82 -0.40 -1.43 -22.55 -10.67 -27.69 -25.65

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 226 252 252 248 241 157 120 38 -24
Non Curr. Liab. 107 96 75 44 38 21 23 76 82
Curr. Liab. 276 226 245 194 158 178 193 149 165
Minority Int.
Equity & Liab. 609 574 571 486 437 356 337 262 222
Non Curr. Assets 329 352 355 339 318 243 226 198 177
Curr. Assets 280 222 217 147 120 113 111 64 45
Misc. Exp. not W/O
Total Assets 609 574 571 486 437 356 337 262 222

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 479 503 359 260 152 7 11 25 11
Other Income 1 2 1 4 12 5 1 3 2
Total Income 480 505 360 264 164 13 11 28 13
Total Expenditure -402 -408 -305 -229 -136 -25 -25 -76 -35
PBIDT 78 97 55 34 28 -12 -14 -48 -22
Interest -11 -17 -16 -16 -17 -18 -20 -15 -19
Depreciation -10 -17 -20 -22 -23 -22 -22 -21 -21
Taxation -18 -26 -8 2 6 15 18 2 0
Exceptional Items -52
PAT 38 36 10 -2 -7 -89 -37 -83 -62

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 155 97 62 52 1 8 38 20 12
Cash Fr. Inv. -167 -41 -23 -8 -2 0 0 0 0
Cash Fr. Finan. -19 -37 -36 -39 -8 -38 -17 -15
Net Change -31 19 3 5 -1 -1 0 3 -3
Cash & Cash Eqvt 11 23 10 9 5 1 0 3 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 49.22 49.22 49.22 49.22 49.22 49.22 49.22 49.22 49.22
Public 50.78 50.78 50.78 50.78 50.78 50.78 50.78 50.78 50.78
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 66.47 66.47 66.47 66.47 66.47 66.47 66.47 66.47 66.47

Announcements View Details

Sat, 17 Jul 2021
Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter Ended June 30 2021.
OIL COUNTRY TUBULAR LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2021 inter alia to consider and approve the Unaudited Financial Results of the Company for the Quarter ended June 30 2021. Pursuant to appointment of the Resolution Professional (RP) by the Honble National Company Law Tribunal (NCLT) Hyderabad and in accordance with the provisions of the Insolvency and
Bankruptcy Code 2016(Code) and pursuant to Regulation 29 of SEBI (LODR) Regulations 2015 please take notice that on Friday August 13 2021 Mr. Sisir Kumar Appikatla (IP
Registration No.IBBI/IPA-001/IP-P00751/2017-2018/11283) Resolution Professional inter alia shall consider and approve the Unaudited Financial Results of the Company for the Quarter ended June 30 2021 and the same shall be duly authenticated and signed by him.
Sat, 17 Jul 2021
Compliance Under Regulation 47 Of The SEBI (Listing Obligations And <BR> Disclosure Requirements) Regulations 2015.
Pursuant to Regulation 47 of the Listing Regulations please find enclosed copies of Public
Notice informing about the Board Meeting of the Company to be held on Friday August 13 2021
and published in the following newspapers on July 15 2021:
1) Financial Express
2) Nava Telangana.
This is for your information and record.
Mon, 12 Jul 2021
Shareholding for the Period Ended June 30 2021
Oil Country Tubular Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index

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