Daily BriefsIndia

Daily Brief India: Pidilite Industries, Oil India Ltd and more

In today’s briefing:

  • NIFTY Indices: HDFC/HDFCB Merger Driven Market Consultation
  • Oil India (OINL IN): Value Trap, Avoid

NIFTY Indices: HDFC/HDFCB Merger Driven Market Consultation

By Brian Freitas


Oil India (OINL IN): Value Trap, Avoid

By Gauri Anand

  • Low valuations (3x Earnings, 8% cash yield) and an under supplied Oil market, nice value concoction  
  • However, large part of value hinges on growth beyond FY25E, execution challenges and regulatory intervention may necessitate additional debt to fund ongoing capex
  • Thus deleveraging unlikely, narrowing TV for traditional fuels – risks both earnings and valuations 

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