Oil India Moat Analysis: Score & Risks
Oil India Ltd.
A first-pass moat teardown of Oil India Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Efficient Scale. Provisional, single-pass evidence.
Oil India Ltd. scores 5.21 on MoatSCORE 6.0 — a narrow moat in Oil & Gas. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“The Project involved construction of 12" X 741 Km long Cross country Multi Product Pipeline from Al-Rawyan to Port Sudan. The Pipeline has been built on Build, Operate, Lease and Transfer basis.”
“Yes, it is back to full operation, 100% capacity utilization, it is running normally.”
“Crude oil pricing formula is approved by the Government of India and sales are atan arm's length.”
“As at the end of March, 2024, HPOIL is operating 25 CNG stations & 15465 PNG connections at Ambala- Kurukshetra and 26 CNG stations & 25211 PNG connections at Kolhapur.”
“there is a thrust which the Government of India is now doing to migrate possible shifting from LPG connection to PNG, that's piped natural gas”
“Notably, R&D Department has secured two patent grants and have filed five new patents in the FY 2023-24.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 5 — below 6, so the band is capped narrow. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 509 Indian companies we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the Moat Screener.
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