Logistics · Founded 1984 · www.isocl.in · BSE 530259 · · ISIN INE003B01014
No Notes Added Yet
Business
Inter State Oil Carrier Ltd. is a logistics company based in India, primarily engaged in the transportation of petroleum products. Its core business model revolves around providing specialized road transportation services for crude oil, refined petroleum products (like petrol, diesel, kerosene), and possibly other bulk liquids across various states in India. The company generates revenue by charging clients for its transportation services, typically based on volume, distance, and contractual terms. This often involves long-term contracts with major oil marketing companies, refineries, and other industrial clients requiring inter-state movement of oil and related products.
Revenue Mix
Given the company name, its primary revenue segment is specialized logistics for petroleum and oil products. Detailed breakdowns of other potential segments or specific revenue mixes are not available based on the provided information. It is likely a highly focused business primarily deriving revenue from its core oil transportation services.
Industry
The Indian logistics industry, especially for bulk liquids and hazardous materials like petroleum, is characterized by a mix of large integrated logistics players, specialized carriers, and numerous smaller, regional operators. Competition is intense, primarily on factors such as pricing, reliability, safety record, fleet capacity, and geographical reach. Inter State Oil Carrier Ltd. positions itself as a specialized carrier within this sector, focusing on the distinct requirements and safety protocols for oil transportation. Its positioning would depend on its fleet size, pan-India network (or specific regional strength), operational efficiency, and established relationships with key clients in the oil and gas sector.
MOAT
Specialized Expertise & Compliance: Transporting petroleum products requires specialized equipment, trained personnel, and strict adherence to safety regulations and environmental standards. This acts as a barrier to entry for general logistics players.
Established Client Relationships: Long-term contracts and strong relationships with major oil marketing companies (OMCs) or refineries can provide a stable revenue base and preferred vendor status.
Operational Network & Scale (potentially): An extensive network of routes, depots, and a sufficiently large and modern fleet can offer efficiency and capacity that smaller players cannot match.
Safety & Reliability Reputation: A consistent track record of safe and timely deliveries builds trust, which is crucial in hazardous materials transport.
Growth Drivers
Growing Energy Demand: India's sustained economic growth and expanding population drive increasing demand for petroleum products, directly boosting the need for transportation.
Infrastructure Development: Continued investment in road networks and logistics infrastructure by the Indian government will improve transport efficiency and reach.
Expansion of Refineries & Storage Facilities: New or expanded oil refineries and storage depots across the country will necessitate increased inter-state movement of crude and refined products.
Outsourcing Trends: Major oil companies may continue to increasingly outsource their logistics needs to specialized third-party providers.
Fleet Modernization & Expansion: Strategic investments in a larger, more efficient, and technologically advanced fleet can help secure new contracts and improve operational margins.
Risks
Fuel Price Volatility: As a carrier of oil, the company's own operating costs are highly sensitive to fluctuations in fuel prices, which can impact margins if not effectively passed on to clients.
Regulatory & Environmental Changes: Strict and evolving regulations regarding hazardous material transport, emissions, and safety can increase compliance costs and operational complexities.
Intense Competition & Pricing Pressure: The fragmented nature of the logistics industry can lead to aggressive pricing, eroding profit margins.
Accidents & Safety Incidents: Transporting hazardous materials carries inherent risks of accidents, leading to significant financial liabilities, reputational damage, and potential operational halts.
Economic Slowdown: A downturn in the economy can reduce industrial activity and consumer demand for fuel, negatively impacting transportation volumes.
Dependence on Key Clients: Heavy reliance on a few large clients in the oil sector could expose the company to significant risk if contracts are lost or renegotiated unfavorably.
Management & Ownership
As an Indian public limited company (indicated by its ticker and company structure), Inter State Oil Carrier Ltd. would have a board of directors and a professional management team responsible for day-to-day operations and strategic direction. Typically, in Indian companies, a significant portion of ownership is held by promoter groups (founding families or entities). Specific details regarding individual management personnel, promoter group identities, or the exact ownership structure (institutional vs. public vs. promoter holdings) are not provided in the prompt.
Outlook
Inter State Oil Carrier Ltd. operates in a crucial segment of the Indian economy, benefiting from the nation's consistent demand for energy. Its specialization in petroleum product logistics provides a defensive moat against general logistics players, and its performance will largely track India's economic growth and energy consumption patterns. The company has potential for growth driven by infrastructure development and increasing outsourcing by oil majors. However, it faces significant headwinds from volatile fuel prices, intense competition, and the inherent risks associated with transporting hazardous materials. Maintaining operational efficiency, a strong safety record, and robust client relationships will be key to navigating these challenges. While a growing economy provides tailwinds, profitability can be highly sensitive to cost pressures and the ability to secure favorable long-term contracts.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 20 | 25 | 22 | 22 | 21 | 23 | 26 | 25 | 26 | 31 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Income | 20 | 25 | 22 | 22 | 21 | 23 | 26 | 25 | 26 | 31 |
| Total Expenditure | 19 | 24 | 20 | 21 | 19 | 21 | 24 | 23 | 24 | 28 |
| Operating Profit | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 |
| Provision for Tax | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Adjusted Earnings Per Share | -0.7 | -0.4 | 0.3 | 0.5 | 1.3 | 0.3 | 0.4 | 0.6 | 0.4 | 2.4 |
| #(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 | 19 | 17 | 21 | 27 | 32 | 31 | 35 | 45 | 54 | 85 | 88 | 108 |
| Other Income | 0 | 0 | 1 | 1 | 0 | 0 | 3 | 3 | 0 | 1 | 0 | 1 |
| Total Income | 19 | 17 | 21 | 27 | 32 | 31 | 38 | 48 | 54 | 85 | 89 | 108 |
| Total Expenditure | 16 | 15 | 19 | 24 | 31 | 30 | 32 | 41 | 49 | 78 | 81 | 99 |
| Operating Profit | 3 | 2 | 3 | 3 | 1 | 2 | 6 | 7 | 5 | 7 | 8 | 9 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 1 | -2 | -1 | 3 | 3 | -1 | 2 | 2 | 3 |
| Provision for Tax | 1 | 0 | 0 | 0 | -0 | -0 | 1 | 1 | -0 | 1 | 0 | 0 |
| Profit After Tax | 0 | 1 | 1 | 1 | -2 | -1 | 2 | 3 | -0 | 1 | 1 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 1 | 1 | 1 | -2 | -1 | 2 | 3 | -0 | 1 | 1 | 1 |
| Adjusted Earnings Per Share | 0.6 | 1.2 | 1.5 | 1.6 | -3.6 | -2 | 4.9 | 5.5 | -0.9 | 1.7 | 2.3 | 3.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 25% | 23% | 17% |
| Operating Profit CAGR | 14% | 5% | 32% | 10% |
| PAT CAGR | 0% | -31% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 25% | 14% | 33% | 21% |
| ROE Average | 6% | 3% | 9% | 4% |
| ROCE Average | 8% | 7% | 11% | 7% |
| #(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 | 13 | 13 | 14 | 15 | 14 | 13 | 15 | 18 | 17 | 18 | 19 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 8 | 9 | 5 | 10 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | -0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Total Current Liabilities | 4 | 5 | 6 | 7 | 10 | 9 | 11 | 12 | 15 | 21 | 19 |
| Total Liabilities | 19 | 20 | 22 | 27 | 27 | 23 | 27 | 38 | 41 | 44 | 49 |
| Fixed Assets | 6 | 6 | 6 | 11 | 12 | 11 | 11 | 19 | 24 | 21 | 29 |
| Other Non-Current Assets | 7 | 8 | 8 | 9 | 5 | 4 | 6 | 4 | 3 | 0 | 0 |
| Total Current Assets | 6 | 7 | 8 | 7 | 9 | 9 | 10 | 15 | 14 | 23 | 20 |
| Total Assets | 19 | 20 | 22 | 27 | 27 | 23 | 27 | 38 | 41 | 44 | 49 |
| #(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 | 1 | 1 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow from Operating Activities | 1 | 2 | 2 | 1 | 1 | 3 | 3 | -1 | 4 | 3 | 9 |
| Cash Flow from Investing Activities | -1 | -2 | -1 | -6 | -1 | 0 | -1 | -7 | -7 | 1 | -12 |
| Cash Flow from Financing Activities | -0 | 0 | 0 | 3 | -0 | -3 | -2 | 8 | 3 | -4 | 3 |
| Net Cash Inflow / Outflow | 0 | 0 | 1 | -1 | -0 | 0 | -0 | -0 | -0 | 1 | -1 |
| Closing Cash & Cash Equivalent | 1 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| # | 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) | 0.61 | 1.15 | 1.52 | 1.61 | -3.6 | -2 | 4.94 | 5.47 | -0.85 | 1.73 | 2.29 |
| CEPS(Rs) | 2.74 | 3.34 | 3.89 | 4.42 | 0.03 | 1.81 | 8.63 | 10.56 | 6.7 | 9.89 | 10.97 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 25.77 | 26.92 | 28.44 | 30.05 | 27.08 | 25.06 | 30.06 | 35.53 | 34.67 | 36.4 | 38.68 |
| Core EBITDA Margin(%) | 11.82 | 12 | 9.7 | 10.12 | 1.5 | 4.29 | 7.64 | 9.78 | 8.25 | 8.19 | 8.19 |
| EBIT Margin(%) | 7.85 | 7.53 | 6.87 | 7.35 | -3.2 | -1.25 | 11.39 | 9.81 | 1.73 | 3.99 | 3.74 |
| Pre Tax Margin(%) | 5.34 | 5.15 | 4.17 | 4.36 | -6.7 | -4.17 | 9.15 | 7.3 | -1.35 | 1.95 | 1.77 |
| PAT Margin (%) | 1.62 | 3.42 | 3.65 | 3.01 | -5.67 | -3.24 | 7.14 | 6.04 | -0.79 | 1.02 | 1.3 |
| Cash Profit Margin (%) | 7.35 | 9.93 | 9.37 | 8.27 | 0.05 | 2.93 | 12.48 | 11.66 | 6.21 | 5.82 | 6.21 |
| ROA(%) | 1.63 | 2.91 | 3.55 | 3.27 | -6.68 | -4 | 9.74 | 8.31 | -1.07 | 2.02 | 2.45 |
| ROE(%) | 2.38 | 4.37 | 5.47 | 5.51 | -12.61 | -7.69 | 17.91 | 16.68 | -2.43 | 4.86 | 6.11 |
| ROCE(%) | 8.46 | 7.07 | 7.43 | 8.79 | -4.27 | -1.78 | 18.27 | 15.76 | 2.58 | 8.92 | 8.18 |
| Receivable days | 69.34 | 86.81 | 74.6 | 63.86 | 62.63 | 68.27 | 65.7 | 66.19 | 62.63 | 55.02 | 60.52 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 13.93 | 5.08 | 7.41 | 12.2 | 0 | 0 | 1.82 | 4.27 | 0 | 21.12 | 16.23 |
| Price/Book(x) | 0.33 | 0.22 | 0.39 | 0.65 | 0.48 | 0.25 | 0.3 | 0.66 | 0.59 | 1 | 0.96 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.41 | 0.41 | 0.46 | 0.72 | 0.48 | 0.35 | 0.33 | 0.61 | 0.57 | 0.42 | 0.47 |
| EV/Core EBITDA(x) | 3.04 | 2.9 | 3.67 | 5.74 | 19.18 | 7.08 | 1.95 | 3.92 | 6.57 | 4.79 | 5.4 |
| Net Sales Growth(%) | 14.71 | -9.97 | 23.5 | 28.72 | 19 | -2.76 | 11.86 | 30.9 | 19.06 | 57.44 | 4.03 |
| EBIT Growth(%) | 64.45 | -13.54 | 12.6 | 37.75 | -151.78 | 61.92 | 1117.02 | 12.72 | -78.95 | 262.39 | -2.49 |
| PAT Growth(%) | -50.38 | 90.17 | 31.7 | 6.28 | -323.72 | 44.37 | 346.29 | 10.81 | -115.59 | 302.54 | 32.68 |
| EPS Growth(%) | -50.38 | 90.17 | 31.71 | 6.28 | -323.71 | 44.36 | 346.29 | 10.81 | -115.59 | 302.54 | 32.67 |
| Debt/Equity(x) | 0.34 | 0.38 | 0.39 | 0.65 | 0.69 | 0.65 | 0.49 | 0.91 | 1.22 | 1.06 | 1.24 |
| Current Ratio(x) | 1.41 | 1.23 | 1.33 | 1.01 | 0.87 | 0.92 | 0.99 | 1.2 | 0.97 | 1.09 | 1.04 |
| Quick Ratio(x) | 1.41 | 1.23 | 1.33 | 1.01 | 0.87 | 0.92 | 0.99 | 1.2 | 0.97 | 1.09 | 1.04 |
| Interest Cover(x) | 3.13 | 3.16 | 2.54 | 2.46 | -0.91 | -0.43 | 5.08 | 3.92 | 0.56 | 1.96 | 1.9 |
| Total Debt/Mcap(x) | 1.04 | 1.74 | 1 | 1 | 1.43 | 2.59 | 1.64 | 1.39 | 2.06 | 1.06 | 1.29 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 44.77 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 45.01 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 55.23 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 54.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +4% | +25% | +23% | +17% |
| Operating Profit CAGR | +14% | +5% | +32% | +10% |
| PAT CAGR | 0% | -31% | — | — |
| Share Price CAGR | +25% | +14% | +33% | +21% |
| ROE Average | +6% | +3% | +9% | +4% |
| ROCE Average | +8% | +7% | +11% | +7% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 44.77 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 44.88 | 45.01 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 55.23 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 55.12 | 54.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.