Indian Oil Corporation Limited IOC NSEINFRAPSU

Energy · Oil & Gas Refining & Marketing · India

https://www.iocl.com

Indian Oil Corporation Limited, together with its subsidiaries, engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally. It operates through Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and Other segments. The company is involved in the refining of petroleum products; exploration and production of crude oil and gas; explosives and cryogenic businesses; pipeline transportation of crude oil, petroleum, and gas; petrochemicals and gasoline; gas and LPG marketing; research and development; city gas distribution; and downstream operations. It also engages in low carbon, new, clean, and green energy businesses; lube blending; marketing of lubricants and base oil; participation in the shale gas asset project; crude oil trading; import and export of petroleum products; investment in E&P assets, battery technology, and alternative energy technology companies; and wind mill and solar power generation. In addition, the company provides terminalling, retailing, aviation refueling, and bunkering; and financial services, as well as operates fuel stations. It serves motorists, households, businesses, society, suppliers, business partners, and the sports industry. The company was formerly known as Indian Oil Company Limited and changed its name to Indian Oil Corporation Limited in September 1964. Indian Oil Corporation Limited was incorporated in 1959 and is based in New Delhi, India.

Market & Price

Market Cap

₹1.98 L Cr

Current Price

₹140.24

High / Low (52W)

₹185.14 / ₹130.04

Beta

0.86

Valuation

Stock P/E

4.59

Industry PE

17.61

Forward P/E

7.98

PEG Ratio

Book Value

₹159.42

Price to Book

0.88

P/S

0.25

EV/EBITDA

4.14

Dividend Yield

7.13%

Profitability & Returns

ROCE

20.70%

ROE

20.97%

ROA

7.08%

Profit Margin

5.37%

Op Margin

9.24%

EPS (Latest Qtr)

₹10.50

EPS (TTM)

₹30.57

Balance Sheet & Liquidity

Debt/Equity

0.58

Quick Ratio

0.12

Current Ratio

0.74

Debt

₹1.32 L Cr

Total Assets

₹5.29 L Cr

Current Assets

₹1.57 L Cr

Working Capital

₹-54,395.03 Cr

Ownership

Promoter Holding

73.40%

Chg in Prom Hold

FII / Inst Holding

14.50%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹3.19 L Cr

Total Revenue (TTM)

₹7.84 L Cr

EBITDA

₹77,067.34 Cr

Free Cash Flow

₹33,689.79 Cr

Operating Cash Flow

₹76,142.08 Cr

Shares Outstanding

₹1,412.12 Cr

Gross Margin

19.29%

Payout Ratio

32.71%

Growth (CAGR)

Revenue 5Y

-1.77%

Profit 5Y

62.60%

Revenue (YoY)

6.70%

Earnings (YoY)

78.10%

PROS

Strong return on equity of 21.0%.
Healthy ROCE of 20.7%.
Profit CAGR of 62.6% over 5 years.
Attractive dividend yield of 7.13%.
Generates positive free cash flow.

CONS

Revenue declined at -1.8% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

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Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	IOC Indian Oil Corporation Limited NSEINFRAPSU	140.24	4.59	₹1.98 L Cr	7.13%	20.70%	20.97%	-1.77%	62.60%
2	RELIANCE Reliance Industries Limited NIFTY50NSEAIINFRA	1,321.20	22.12	₹17.88 L Cr	0.45%	8.99%	9.14%	6.39%	6.59%
3	ADANIENT Adani Enterprises Limited NIFTY50NSEAIINFRA	2,937.40	39.84	₹4.03 L Cr	0.04%	10.09%	13.66%	-7.61%	55.92%
4	ONGC Oil and Natural Gas Corporation Limited NIFTY50NSEINFRAPSU	265.40	8.06	₹3.34 L Cr	6.97%	12.95%	12.70%	1.70%	4.11%
5	COALINDIA Coal India Limited NIFTY50NSEINFRAPSU	457.90	9.07	₹2.82 L Cr	4.80%	19.79%	28.12%	9.74%	-0.71%
6	HINDPETRO Hindustan Petroleum Corporation Limited NIFTY_MIDNSEINFRA	393.85	4.64	₹83,804.29 Cr	8.82%	23.54%	30.93%	0.47%	119.51%
7	OIL Oil India Limited NIFTY_MIDNSEINFRAPSU	476.15	11.70	₹77,450.93 Cr	3.99%	10.13%	12.74%	-2.02%	-8.81%
8	PETRONET Petronet LNG Limited NIFTY_MIDNSEINFRAPSU	271.05	10.39	₹40,657.50 Cr	3.69%	21.26%	18.56%	-9.63%	5.56%
9	AEGISLOG AEGIS LOGISTICS LIMITED NIFTY_SMALLNSEINFRA	748.45	29.24	₹26,270.60 Cr	1.07%	14.33%	15.26%	-1.13%	24.72%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	-	1.94 L Cr	1.95 L Cr	1.92 L Cr	2.05 L Cr	2.08 L Cr
Cost of Revenue	-	1.73 L Cr	1.69 L Cr	1.67 L Cr	1.69 L Cr	1.66 L Cr
Gross Profit	-	20,654.11 Cr	26,540.23 Cr	25,189.09 Cr	35,688.74 Cr	42,465.19 Cr
Operating Expenses	-	17,380.10 Cr	15,674.14 Cr	16,099.78 Cr	16,937.14 Cr	22,555.32 Cr
Operating Income	-	3,274.01 Cr	10,866.09 Cr	9,089.31 Cr	18,751.60 Cr	19,909.87 Cr
EBITDA	-	5,224.37 Cr	12,219.31 Cr	10,820.53 Cr	19,914.87 Cr	21,671.16 Cr
Interest Expense	-	2,457.90 Cr	2,174.66 Cr	2,070.05 Cr	2,088.02 Cr	1,880.12 Cr
Pretax Income	-	2,766.47 Cr	10,044.65 Cr	8,750.48 Cr	17,826.85 Cr	19,791.04 Cr
Tax Provision	-	619.12 Cr	1,677.02 Cr	1,942.36 Cr	4,324.59 Cr	4,614.96 Cr
Net Income	-	2,115.29 Cr	8,123.64 Cr	6,813.71 Cr	13,006.92 Cr	14,458.08 Cr
Diluted EPS	-	1.54	5.90	4.95	9.44	10.50

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	8.28 L Cr	7.73 L Cr	7.58 L Cr	7.84 L Cr
Cost of Revenue	-	7.71 L Cr	6.67 L Cr	6.74 L Cr	6.52 L Cr
Gross Profit	-	56,049.78 Cr	1.06 L Cr	84,542.97 Cr	1.33 L Cr
Operating Expenses	-	30,136.22 Cr	44,649.60 Cr	65,112.98 Cr	73,094.29 Cr
Operating Income	-	25,913.56 Cr	61,344.72 Cr	19,429.99 Cr	59,777.09 Cr
EBITDA	-	34,865.94 Cr	80,737.72 Cr	43,099.54 Cr	84,200.20 Cr
Interest Expense	-	6,647.20 Cr	7,583.82 Cr	9,258.75 Cr	8,307.88 Cr
Pretax Income	-	15,037.69 Cr	57,287.79 Cr	17,063.45 Cr	57,472.08 Cr
Tax Provision	-	3,333.43 Cr	14,126.64 Cr	3,274.62 Cr	13,794.76 Cr
Net Income	-	9,792.12 Cr	41,729.69 Cr	13,597.84 Cr	42,096.26 Cr
Diluted EPS	18.23	7.11	30.30	9.87	-

Compounded Sales Growth

5 Years:	-1.77%
1 Year:	6.70%

Compounded Profit Growth

5 Years:	62.60%
1 Year:	78.10%

Stock Price Performance

1 Year:	+4.05%
6 Months:	-10.82%
3 Months:	-21.19%
1 Month:	-1.41%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	4.42 L Cr	4.82 L Cr	5.07 L Cr	5.29 L Cr
Current Assets	-	1.59 L Cr	1.58 L Cr	1.58 L Cr	1.57 L Cr
Cash & Equivalents	-	996.35 Cr	1,246.59 Cr	673.17 Cr	1,833.08 Cr
Inventory	-	1.21 L Cr	1.21 L Cr	1.14 L Cr	1.17 L Cr
Receivables	-	16,398.69 Cr	13,831.45 Cr	18,550.96 Cr	14,634.83 Cr
Total Liabilities	-	2.99 L Cr	2.94 L Cr	3.16 L Cr	3.03 L Cr
Current Liabilities	-	2.07 L Cr	2.16 L Cr	2.31 L Cr	2.11 L Cr
Long Term Debt	-	63,312.94 Cr	46,792.90 Cr	51,755.75 Cr	55,308.99 Cr
Total Debt	-	1.49 L Cr	1.33 L Cr	1.52 L Cr	1.32 L Cr
Total Equity	-	1.40 L Cr	1.83 L Cr	1.86 L Cr	2.20 L Cr
Shares Outstanding	-	1,412.12 Cr	1,412.12 Cr	1,412.12 Cr	1,412.12 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	29,643.72 Cr	71,146.41 Cr	34,452.40 Cr	76,142.08 Cr
Investing Cash Flow	-	-28,029.56 Cr	-31,511.53 Cr	-31,641.31 Cr	-22,273.78 Cr
Financing Cash Flow	-	-1,794.40 Cr	-39,384.64 Cr	-3,421.33 Cr	-52,671.57 Cr
Capital Expenditure	-	-32,849.53 Cr	-37,175.35 Cr	-34,967.33 Cr	-28,362.73 Cr
Free Cash Flow	-	-3,205.81 Cr	33,971.06 Cr	-514.93 Cr	47,779.35 Cr
Net Change in Cash	-	-180.24 Cr	250.24 Cr	-610.24 Cr	1,196.73 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	6.8%	13.7%	11.2%	16.9%
Operating Margin %	-	3.1%	7.9%	2.6%	7.6%
Net Margin %	-	1.2%	5.4%	1.8%	5.4%
ROE %	-	7.0%	22.8%	7.3%	19.2%
ROCE %	-	11.0%	23.1%	7.0%	18.8%

Shareholding Pattern

Insiders

73.40%

Institutions

14.50%

Public Float

54.51%

Analyst View

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