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Indian Oil Corp. Overview

Indian Oil Corporation Ltd is an India-based oil company. The Company's segments include Petrochemicals, Petroleum Products and Other Business Activities. Its Other Business Activities section consists of gas, oil and gasoline exploration activities, explosives and cryogenic commercial enterprise, and wind mill and solar power generation. Its enterprise interests span the whole hydrocarbon value-chain starting from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gasoline adver...Read More

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Indian Oil Corp. Key Financials

Market Cap ₹189408 Cr.

Stock P/E 13.7

P/B 0.9

Current Price ₹134.1

Book Value ₹ 149

Face Value 10

52W High ₹188.9

Dividend Yield 2.24%

52W Low ₹ 120.1

Indian Oil Corp. Share Price

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Volume
Price

Indian Oil Corp. Quarterly Price

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Indian Oil Corp. Peer Comparison

Indian Oil Corp. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 205283 226892 223650 219864 198616 219522 221360 221849 206447 236257
Other Income 506 1268 1449 531 723 1022 1238 583 644 1160
Total Income 205790 228160 225099 220395 199339 220544 222598 222432 207091 237418
Total Expenditure 182112 210159 211675 209943 195149 211950 206331 208582 190202 213512
Operating Profit 23677 18001 13424 10453 4190 8594 16267 13851 16889 23906
Interest 1977 1958 2147 2080 2546 2458 2178 2070 2270 2088
Depreciation 3610 4686 4094 4103 4065 4284 4325 4179 4227 4457
Exceptional Income / Expenses 0 0 0 0 1157 680 1 0 0 0
Profit Before Tax 18090 11358 7183 4270 -1264 2532 9765 7602 10392 17360
Provision for Tax 4700 2780 1932 1118 -140 619 1677 1942 2913 4325
Profit After Tax 13391 8577 5251 3151 -1124 1913 8088 5660 7480 13036
Adjustments -276 452 -103 377 954 202 36 1154 338 -29
Profit After Adjustments 13114 9030 5149 3528 -170 2115 8124 6814 7818 13007
Adjusted Earnings Per Share 9.3 6.4 3.6 2.5 -0.1 1.5 5.8 4.8 5.5 9.2

Indian Oil Corp. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 449507 346045 355379 421492 529404 487561 370806 589321 841756 776352 758106 885913
Other Income 5614 2186 3862 3420 2714 2774 4303 3097 4262 3839 3514 3625
Total Income 455121 348231 359241 424912 532118 490334 375109 592418 846018 780190 761620 889539
Total Expenditure 440355 322584 321315 379834 494144 470670 330189 541563 811073 700702 722063 818627
Operating Profit 14766 25648 37927 45078 37974 19665 44921 50855 34944 79489 39557 70913
Interest 4201 3487 3743 3875 4925 6630 4425 5454 7588 7881 9315 8606
Depreciation 5219 5698 6868 7664 8506 10273 10941 12348 13181 15866 16777 17188
Exceptional Income / Expenses 1668 1364 0 0 0 -11305 0 0 0 0 1838 1
Profit Before Tax 7014 18072 27956 34450 25927 -7177 30751 34289 15038 57288 17063 45119
Provision for Tax 2143 5658 7570 11824 8653 -5301 8989 8562 3333 14127 3275 10857
Profit After Tax 4872 12413 20385 22626 17274 -1876 21762 25727 11704 43161 13789 34264
Adjustments 40 -391 -536 -437 103 983 -124 -624 -1912 -1431 -191 1499
Profit After Adjustments 4912 12022 19849 22189 17377 -893 21638 25102 9792 41730 13598 35763
Adjusted Earnings Per Share 3.4 8.5 14 15.6 12.6 -0.6 15.7 18.2 7.1 30.3 9.9 25.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% 9% 9% 5%
Operating Profit CAGR -50% -8% 15% 10%
PAT CAGR -68% -19% 0% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 2% 20% 17% 7%
ROE Average 7% 14% 17% 15%
ROCE Average 8% 13% 14% 14%

Indian Oil Corp. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 68832 89980 102096 113874 112469 95398 111838 133535 139720 183416 186487
Minority's Interest 1073 1426 1905 2151 1877 876 976 1591 3494 4747 4537
Borrowings 36796 27941 25546 23061 39152 56071 54685 55945 63313 46793 51756
Other Non-Current Liabilities 24611 37915 11329 37416 41366 35502 44103 32314 42127 40441 47185
Total Current Liabilities 102383 84438 132686 139906 160725 161529 166878 199005 206638 227126 230599
Total Liabilities 233695 241701 273561 316408 355590 349375 378480 422415 455303 502542 520579
Fixed Assets 76781 100033 115958 124053 132494 147022 157085 160514 180048 195998 201142
Other Non-Current Assets 58807 67910 61286 86676 93527 91607 100484 108874 116419 137361 161794
Total Current Assets 97965 73719 96258 105517 129342 110511 120718 152238 157853 167952 156131
Total Assets 233695 241701 273561 316408 355590 349375 378480 422415 455303 502542 520579

Indian Oil Corp. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3631 611 735 330 319 933 1435 781 1177 996 1247
Cash Flow from Operating Activities 46092 25624 28216 29115 12747 7146 49650 25747 29644 71146 34699
Cash Flow from Investing Activities -10215 -13610 -17684 -17119 -22569 -29101 -22935 -21294 -28030 -31512 -31848
Cash Flow from Financing Activities -38283 -11890 -10937 -12007 10436 22456 -27369 -4058 -1794 -39385 -3425
Net Cash Inflow / Outflow -2406 124 -405 -11 614 502 -653 395 -180 250 -573
Closing Cash & Cash Equivalent 1225 735 330 319 933 1435 781 1177 996 1247 673

Indian Oil Corp. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.37 8.46 13.96 15.61 12.62 -0.65 15.71 18.23 7.11 30.3 9.87
CEPS(Rs) 6.93 12.74 19.17 21.3 18.72 6.1 23.75 27.65 18.07 42.86 22.2
DPS(Rs) 6.6 14 19 21 9.25 4.25 8 8.4 3 12 3
Book NAV/Share(Rs) 47.15 63.29 71.81 80.09 81.67 69.27 81.21 96.96 101.46 133.18 135.41
Core EBITDA Margin(%) 1.86 5.66 7.51 8.08 5.71 2.93 7.65 6.37 3.23 8.58 4.19
EBIT Margin(%) 2.28 5.2 6.99 7.43 5 -0.1 6.63 5.3 2.38 7.4 3.07
Pre Tax Margin(%) 1.42 4.36 6.16 6.68 4.2 -1.25 5.8 4.57 1.58 6.5 1.99
PAT Margin (%) 0.99 2.99 4.49 4.39 2.8 -0.33 4.1 3.43 1.23 4.9 1.6
Cash Profit Margin (%) 2.05 4.37 6.01 5.88 4.18 1.46 6.16 5.07 2.62 6.7 3.56
ROA(%) 1.95 5.22 7.91 7.67 5.14 -0.53 5.98 6.42 2.67 9.01 2.7
ROE(%) 7.14 15.65 21.23 20.95 15.26 -1.81 21 20.97 8.57 26.71 7.46
ROCE(%) 7.57 15.28 20.2 22.22 15.87 -0.25 15.78 16.63 8.43 22.22 8.3
Receivable days 7.48 6.75 6.67 6.94 7.84 9.21 9.3 7.9 6.73 6.26 6.88
Inventory Days 45.31 40.55 43.43 48.25 43.67 45.67 51.74 47.47 44.66 50.22 49.96
Payable days 32.88 35.75 36.83 36.72 32.02 29.96 41.77 32.24 25.33 32.62 33.34
PER(x) 18.2 7.76 9.23 7.53 8.6 0 3.9 4.35 10.96 5.54 12.94
Price/Book(x) 1.3 1.04 1.8 1.47 1.33 0.79 0.75 0.82 0.77 1.26 0.94
Dividend Yield(%) 1.79 3.56 4.91 11.91 5.69 5.21 13.07 10.59 3.85 7.15 2.35
EV/Net Sales(x) 0.34 0.44 0.69 0.55 0.46 0.42 0.51 0.39 0.29 0.45 0.42
EV/Core EBITDA(x) 10.37 5.88 6.49 5.15 6.45 10.3 4.25 4.54 7.02 4.42 7.97
Net Sales Growth(%) -7.95 -23.02 2.7 18.6 25.6 -7.9 -23.95 58.93 42.83 -7.77 -2.35
EBIT Growth(%) -29.58 92.22 47.03 20.9 -19.5 -101.77 6527.53 12.98 -43.07 188.03 -59.52
PAT Growth(%) -30.07 154.8 64.22 10.99 -23.66 -110.86 1259.84 18.22 -54.51 268.76 -68.05
EPS Growth(%) -30.67 150.77 65.1 11.79 -19.15 -105.14 2522.87 16.01 -60.99 326.16 -67.41
Debt/Equity(x) 0.94 0.65 0.62 0.58 0.86 1.36 0.97 0.93 1 0.67 0.76
Current Ratio(x) 0.96 0.87 0.73 0.75 0.8 0.68 0.72 0.77 0.76 0.74 0.68
Quick Ratio(x) 0.47 0.37 0.23 0.25 0.32 0.27 0.22 0.2 0.18 0.21 0.18
Interest Cover(x) 2.67 6.18 8.47 9.89 6.26 -0.08 7.95 7.29 2.98 8.27 2.83
Total Debt/Mcap(x) 0.73 0.61 0.34 0.38 0.63 1.69 1.26 1.1 1.27 0.52 0.79

Indian Oil Corp. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 51.5 51.5 51.5 51.5 51.5 51.5 51.5 51.5 51.5 51.5
FII 7.84 8.85 8.5 7.79 7.9 7.43 7.38 7.48 7.7 8.58
DII 30.31 29.52 29.81 29.63 30 29.68 29.55 29.87 30 29.59
Public 10.35 10.14 10.2 11.09 10.6 11.39 11.57 11.15 10.8 10.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indian Oil Corp. News

Indian Oil Corp. Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 32.62 to 33.34days.
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