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Indian Oil Corporation Ltd share Price

Company details

6M Return 14.97%
1Y Return 33.58%
Mkt Cap.(Cr) 125,820.23
Volume 10,554,372
Div Yield 3.28%
OI Chg %
Volume 10,554,372

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About The Stock

    Indian Oil Corporation (IOC) is India’s largest refining & marketing company with an installed refining capacity of ~70 MMT.

    • IOC operates 32062 retail outlets as of end of FY21
    • Petrol and diesel together historically constitute ~52% of marketing sales

    IOC’s results were lower than estimates on the profitability front.

    • Revenue increased 4.7% QoQ to ₹ 206460.9 crore (our estimate: ₹ 237522 crore). Marketing sales increased 3.7% QoQ to 21.8 MMT
    • Reported GRM was US$18.5/bbl while core GRM was US$13.5/bbl. Marketing profitability was lower than estimates as per our understanding. EBITDA was at ₹ 11627.5 crore, up 17.9% QoQ (estimate: ₹ 14005.8 crore)
    • Interest expense was higher-than-expected at ₹ 1607.2 crore. PAT was at
      ₹ 6021.9 crore, up 2.7% QoQ (estimate: ₹ 8067.4 crore)

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Investment recommendation
Call Date
01 Feb 2023
Entry Price 81.00
Target Price 90.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Indian Oil Corporation Ltd Stocks COMPARISION


Equity Capital: 139,720.24 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45
Indian Oil Corporation Limited - Change in Management

Oct 03, 2023 l NSE Announcement

Indian Oil Corporation Limited - Updates

Sep 29, 2023 l NSE Announcement

Board of Indian Oil approved JVs for setting up compressed biogas plants

Sep 29, 2023 l BSE Announcement

Date Action Type Ratio
Jul 28, 2023 Dividend 30
Aug 11, 2022 Dividend 24
Jun 30, 2022 Bonus 1:2

Indian Oil Corporation Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Indian Oil Corporation (IOC) Limited is an oil and gas – Refining and Marketing Company engaged in refining business and has a market capitalization of Rs. 99,978 crores as of 18th August 2021. The company was incorporated 62 years ago on 30th June 1959. It reported its revenue from operations at Rs. 1.55 lac crores for the quarter ended June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 530965 and scrip code IOC. As of 18th August 2021, the shares of IOC were trading at Rs. 106.20.

    IOC’s major segments include the sale of petroleum products, the sale of petrochemicals, and other businesses. The company is under the ownership of the Ministry of Petroleum and Gas, Government of India, headquartered in New Delhi. The list of the world’s biggest corporations on the Fortune Global 500 list is ranked in 212th position. The company’s employee strength is 33,498, of which executives are 17,704, and the remaining 15,794 are non-executives as of March 2020. There are seven divisions in the business organization: Refineries, Pipelines, Petrochemicals, Exploration and Production (E&P) Division, etc. The promoters within the company hold 51.50% of the total shareholding in the company as of 30th June 2021 with zero promoter pledge. The holding of the promoters has remained unchanged over the last 15 months.

    In June 2021, the state-owned major corporation posted a three-fold rise in its profit, primarily due to a surge in inventory gains and refining margin. The company’s standalone net profit for the 1st quarter of 2021-22 stood at Rs. 5,941.37 crores as against Rs. 1,910.84 during the same period last year. Revenue from operations of the company also grew 74% to Rs. 1.55 lac crores for June 2021 quarter. IOC earned $6.58 on turning every barrel of crude oil into fuel against a gross refining margin of a minimum of $1.98 a barrel a year back, and the core GRM stood at $2.24 per barrel after netting out inventory gain. As a result, EPS of the company was Rs. 6.65 in June 2021 as compared to Rs. 9.83 in March 2021. IOC’s shares closed at Rs. 106.20 on 18th August 2021 and has given a return of 22.07% over the last 12 months.

Registered Address

Indian Oil Bhavan G-9, Ali Yavar Jung Marg Bandra(E), Mumbai, Maharashtra, 400051

Tel : 91-22-26447616/26447528
Email : investors:indianoil.in
Website : http://www.iocl.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 530965
NSE Code : IOC
Book Closure Date (Month) :
BSE Group : A
ISIN : INE242A01010

FAQ’s on Indian Oil Corporation Ltd Shares

You can buy Indian Oil Corporation Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Oil Corporation Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 04, 2023 03:59 PM the closing price of Indian Oil Corporation Ltd was ₹ 89.10.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 04, 2023 03:59 PM, the market cap of Indian Oil Corporation Ltd stood at ₹ 125,820.23.

The latest PE ratio of Indian Oil Corporation Ltd as of Oct 04, 2023 03:59 PM is 5.13

The latest PB ratio of Indian Oil Corporation Ltd as of Oct 04, 2023 03:59 PM is 1.11

The 52-week high of Indian Oil Corporation Ltd is ₹ 101.45 while the 52-week low is ₹ 65.55

According to analyst recommendations, Indian Oil Corporation Ltd has a “Buy” rating for the long term.

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