Crude to Profits: What Lies Ahead for India’s Oil & Gas Giants Part 1

Oil India Ltd (OIL) Oil India is projected to deliver strong growth, with Avendus forecasting the stock could double in three years due to rising production and favorable upstream dynamics. Source: Avendus Spark Strategic investments in exploration and infrastructure are expected to improve revenue and profit margins. Source: Economic Times Indian Oil Corporation (IOC) UBS has a bullish view on IOC with a target price of ₹180, suggesting a 50% upside in 2025. Source: UBS IOC's EPS is projected to grow at ~17.6% CAGR over the next three years, driven by operational efficiency and demand recovery. Source: ***** Net profit for Q4 FY25 rose over 50% YoY, backed by stable refining margins and marketing performance. Source: Economic Times IOC is diversifying through investments in ethanol plants and clean energy (e.g., aluminium-air batteries via Phinergy JV). Source: Business Standard Brent crude price forecasts (~$61 by end of 2025) may positively affect margins by reducing input cost volatility. Source: EIA