The company had revenues of Rs. 60,099.89 million, Rs. 67,954.63 million and Rs. 81,378.77 million, for fiscal 2007, 2008 and 2009, respectively. Profit after tax as restated was Rs. 15,403.91 million, Rs. 17,795.97 million and Rs. 22,308.50 million for fiscal 2007, 2008 and 2009, respectively. For the three months ended June 30, 2009, revenues were Rs. 21,381.46 million and profit after tax as restated was Rs. 7,396.92 million.
OIL reported an Earning per Share of Rs.138.26 as at June 30, 2009. Based on fiscal 2009, Restated EPS of Rs.104.24, the P/E ratio at the Floor Price is 9.1 and the Cap Price is 10.1. The issue is priced at discount to its peer companies even at Cap Price, it is therefore recommended to subscribe the issue from long term perspective.