Indian Oil Corporation Ltd
IOCIndian Oil Corporation Ltd
IOCPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
11.19 | 1.04 | 8.42% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
12.16 | 1.58 | 2.12% |
Forecast & Ratings
Detailed Forecast from 28 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Indian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses.
Peers
Compare with peersÂReliance Industries Ltd
Bharat Petroleum Corporation Ltd
Hindustan Petroleum Corp Ltd
Mangalore Refinery and Petrochemicals Ltd
Chennai Petroleum Corporation Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 3,49,840.99 | 3,59,881.26 | 4,25,822.85 | 5,32,256.16 | 4,87,902.74 | 3,68,645.94 | 6,07,263.26 | 8,46,879.80 | 7,81,740.63 | 7,74,641.96 | ||||||||||
Raw Materials | 2,81,445.34 | 2,90,251.45 | 3,35,384.05 | 4,45,642.35 | 4,20,543.85 | 2,81,284.15 | 5,00,663.88 | 7,54,191.78 | 6,37,567.82 | 7,25,443.45 | ||||||||||
Power & Fuel Cost | 4,967.59 | 4,283.71 | 5,184.80 | 6,742.21 | 5,647.81 | 4,796.61 | 7,999.14 | 8,332.18 | 9,098.44 | |||||||||||
Employee Cost | 7,501.80 | 10,262.76 | 10,680.70 | 11,596.28 | 9,336.93 | 11,308.78 | 11,582.92 | 9,359.14 | 11,670.94 | |||||||||||
Selling & Administrative Expenses | 5,194.97 | 4,069.69 | 5,271.23 | 5,986.00 | 5,258.33 | 19,667.75 | 20,418.98 | 8,384.00 | 8,424.53 | |||||||||||
Operating & Other expenses | 23,473.93 | 12,508.84 | 23,313.08 | 22,930.56 | 38,227.48 | 6,963.71 | 14,508.07 | 30,806.11 | 33,944.37 | |||||||||||
EBITDA | 27,257.36 | 38,504.81 | 45,988.99 | 39,358.76 | 8,888.34 | 44,624.94 | 52,090.27 | 35,806.59 | 81,034.53 | 49,198.51 | ||||||||||
Depreciation/Amortization | 5,698.39 | 6,805.92 | 7,663.54 | 8,506.45 | 10,273.39 | 10,941.45 | 12,347.58 | 13,181.05 | 15,866.11 | 16,947.93 | ||||||||||
PBIT | 21,558.97 | 31,698.89 | 38,325.45 | 30,852.31 | -1,385.05 | 33,683.49 | 39,742.69 | 22,625.54 | 65,168.42 | 32,250.58 | ||||||||||
Interest & Other Items | 3,487.21 | 3,743.09 | 3,875.23 | 4,925.41 | 5,791.96 | 2,932.76 | 5,454.07 | 7,587.85 | 7,880.63 | 8,573.33 | ||||||||||
PBT | 18,071.76 | 27,955.80 | 34,450.22 | 25,926.90 | -7,177.01 | 30,750.73 | 34,288.62 | 15,037.69 | 57,287.79 | 23,677.25 | ||||||||||
Taxes & Other Items | 6,049.31 | 8,106.31 | 12,260.77 | 8,550.20 | -6,283.87 | 9,112.52 | 9,186.39 | 5,245.57 | 15,558.10 | 6,139.91 | ||||||||||
Net Income | 12,022.45 | 19,849.49 | 22,189.45 | 17,376.70 | -893.14 | 21,638.21 | 25,102.23 | 9,792.12 | 41,729.69 | 17,537.34 | ||||||||||
EPS | 8.25 | 13.79 | 15.61 | 12.42 | -0.65 | 15.71 | 18.23 | 7.11 | 30.30 | 12.73 | ||||||||||
DPS | 2.33 | 6.33 | 14.00 | 6.17 | 2.83 | 8.00 | 8.40 | 3.00 | 12.00 | 12.00 | ||||||||||
Payout ratio | 0.28 | 0.46 | 0.90 | 0.50 | — | 0.51 | 0.46 | 0.42 | 0.40 | 0.94 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
EnergyOil & Gas - Refining & Marketing
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Oil Corporation Ltd | 4.70 | 1.04 | 8.42% |
Reliance Industries Ltd | 25.31 | 1.90 | 0.38% |
Bharat Petroleum Corporation Ltd | 4.90 | 1.74 | 6.82% |
Hindustan Petroleum Corp Ltd | 4.90 | 1.67 | 5.70% |
Price Comparison
Compare IOC with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Indian Oil Corporation Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Energy Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3309% | Percentage of the fund’s portfolio invested in the stock 5.69% | Change in the portfolio weight of the stock over the last 3 months 0.78% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/32 (+1) |
ICICI Prudential Energy Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2028% | Percentage of the fund’s portfolio invested in the stock 3.89% | Change in the portfolio weight of the stock over the last 3 months 3.89% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/48 (+3) |
Axis India Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0536% | Percentage of the fund’s portfolio invested in the stock 1.65% | Change in the portfolio weight of the stock over the last 3 months 0.57% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 50/94 (+12) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
IOC has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 8.21%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹82.07 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 12, 2024
Dividend/Share
₹7.00
Ex DateEx Date
Jul 12, 2024
Cash Dividend
Ex DateEx DateNov 10, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Nov 10, 2023
Cash Dividend
Ex DateEx DateJul 28, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Jul 28, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹2.40
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateFeb 9, 2022
Dividend/Share
₹4.00
Ex DateEx Date
Feb 9, 2022
Indian Oil Corporation has informed that the following Board of directors have superannuated from the services of the Company on 30 October 2024: Dr. Santanu Gupta, Executive Director (Alternative Energy), Business Development, Shri Sourav De, Executive Director (Human Resources), Pipelines Division), Shri Shyam Bohra, Executive Director I/c (Corporate Communication, Branding & Coordination), Corporate Office, and Shri Debasis Bhattacharyya, Executive Director (Technology Implementation Cell), R&D Centre.Powered by Capital Market - Live
Net loss of Indian Oil Corporation reported to Rs 169.58 crore in the quarter ended September 2024 as against net profit of Rs 13114.30 crore during the previous quarter ended September 2023. Sales declined 2.38% to Rs 174976.12 crore in the quarter ended September 2024 as against Rs 179245.67 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales174976.12179245.67 -2 OPM %1.9812.93 - PBDT2319.1122022.38 -89 PBT-1746.0118412.76 PL NP-169.5813114.30 PL Powered by Capital Market - Live
The company reported loss before exceptional item and tax of Rs 984.47 crore in Q2 FY25 as compared with profit before exceptional item and tax of Rs 17,169.87 crore reported in Q2 FY24. Exceptional item stood at Rs 1,157.30 crore, due to favourable order from Hon'ble Supreme Court dated 02.08.2024, on the subject of VAT Input Tax Credit under Gujarat VAT Act 2005, a provision created earlier in the books has been written back and disclosed as exceptional item during the current quarter. Domestic sales fell marginally 0.03% to 21.931 million metric tons (MMT) and the export sales dropped 20.95% to 1.030 MMT in Q2 FY25 over Q2 FY24. During the quarter, the refineries throughput was 16.738 MMT (down 5.82% YoY) while the pipelines throughput was 23.985 MMT (up 0.48% YoY). The company's revenue from petroleum products stood at Rs 1,83,247.52 crore (down 3.93% YoY) while the income from the petrochemicals revenue was at Rs 6,813.36 crore (up 3.02% YoY) during the period under review. Average gross refining margin (GRM) for the period April-September 2024 is $4.08 per bbl as compared to $13.12 per bbl reported in April- September 2023. The core GRM or the current price GRM for the period April- September 2024 after offsetting inventory loss/ gain comes to $2.97 per bbl. On the margins front, the company's operating margin reduced to 0.03% in Q2 FY25 from 8.91% posted in Q2 FY24. Net profit margin declined to 1.22% in Q1 FY25 as against 6.22% recorded in the corresponding quarter previous year. Indian Oil Corporation is an Indian government owned oil and gas explorer and producer. As of 30 June 2024, the Government of India held 51.50% stake in the company. The scrip rose 0.51% to end at Rs 147.10 on the BSE.Powered by Capital Market - Live
Indian Oil as entered into a Joint Venture Agreement with EverEnviro Resource Management, a leading biofuels company in the country. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, IndianOil and EverEnviro aim to accelerate the deployment of CBG plants nationwide. These initiatives complement IndianOil's long-term low-carbon development strategy and achievement of operational Net Zero goal by 2046, which will also help in achieving the Net-Zero target for India by the year 2070. CBG offers numerous benefits to India and the environment. For the country, it promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities. Powered by Capital Market - Live
Indian Oil Corporation will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live
Indian Oil Corporation has received credit rating of CARE AAA; Stable / CARE A1+ for bank facilities aggregating Rs 57,750 crore from CARE Ratings. Powered by Capital Market - Live
Indian Oil Corporation and Nepal Oil Corporation signed a Business to Business (B2B) Framework Agreement today paving the way for the development of critical petroleum infrastructure projects in Nepal. This agreement follows the Government-to-Government (G2G) Memorandum of Understanding (MoU) signed earlier between India's MoP&NG and Nepal's Ministry of Industry, Commerce and Supplies (MoICS) on 31 May 2023. The G2G MoU encompasses the extension of the Motihari - Amlekhgunj Petroleum Pipeline (MAPL) ' South Asia's first transnational petroleum product pipeline, commissioned in 2019 ' to Chitwan, Nepal. Additionally, the MoU covers the construction of oil storage terminals at Chitwan and a new transnational pipeline from IndianOil's facility in Siliguri to Jhapa alongside an oil storage terminal at Jhapa. These projects are expected to transform petroleum logistics between the two countries. These pipelines have been designed to meet the future energy needs of Nepal, with ample storage capacity at both the Chitwan and Jhapa terminals. The B2B Framework Agreement signed today enables IndianQOil and NOC to take up construction on these vital projects. This collaboration is crucial for optimizing the transportation of petroleum products, which will significantly reduce costs for Nepal Oil Corporation by minimizing reliance on tank trucks. Furthermore, the infrastructure is designed for mitigation of handling losses & environmental risks, alleviation of border congestion and strengthening of Nepal's energy security ' especially during natural disasters such as floods and landslides. Powered by Capital Market - Live
Indian Oil Corporation announced that the MoP&NG has conveyed that no funds have been allocated for capital support to Oil Marketing Companies (OMC's) in the Budget 2024-25, as against the earlier proposed allocation of Rs. 30,000 crore. Therefore, in view of the Govt. of India's (Promoters) non-participation in the Right Issue, the Board at its meeting held on 30 September 2024 has decided to withdraw the proposed Right Issue of equity shares. Earlier in July, the Board has accorded approval for Raising of capital by way of issue of equity shares on Right basis upto an amount not exceeding Rs. 22,000 crore. Powered by Capital Market - Live
Indian Oil Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 164.2, down 2.52% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25392.05. The Sensex is at 83172.83, up 0.27%.Indian Oil Corporation Ltd has eased around 4.66% in last one month.Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has eased around 2.88% in last one month and is currently quoting at 42350.7, down 0.18% on the day. The volume in the stock stood at 140.44 lakh shares today, compared to the daily average of 179.35 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 164.86, down 2.25% on the day. Indian Oil Corporation Ltd jumped 78.77% in last one year as compared to a 27.59% rally in NIFTY and a 54.06% spurt in the Nifty Energy index.The PE of the stock is 8.34 based on TTM earnings ending June 24.Powered by Capital Market - Live
This MOU will benefit Vizag Steel Plant (VSP) to ensure uninterrupted and continuous supply of lubricants from IOCL to meet the RINL's requirements. IOCL will provide technical support to RINL, Visakhapatnam steel plant in the field of lubrication, condition monitoring of critical and large hydraulic and lube systems, total bulk oil handling and used oil management. IOCL will also provide training for Visakhapatnam steel plant officials in their IOCL R&D centre at Faridabad which would also help RINL to reduce lubricants consumption and to maintain optimum levels of specific lub consumption. Indian Oil Corporation (IOCL) is an Indian government owned oil and gas explorer and producer. As of 30 June 2024, the Government of India held 51.50% stake in the company. On a standalone basis, the company reported 80.78% drop in net profit to Rs 2,643.18 in Q1 FY25 as against Rs 13,750.44 crore posted in Q1 FY24. Revenue from operations (excluding excise duty) declined 2.17% to Rs 1,93,235.52 ‬crore in Q1 FY25 from Rs 1,97,526.57 crore recorded in the corresponding quarter previous year. The scrip rose 0.75% to currently trade at Rs 174.60 on the BSE. Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.99%, vs industry avg of 8.87%
Decreasing Market Share
Over the last 5 years, market share decreased from 29.61% to 28.43%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.15%, vs industry avg of 17.55%