Indian Oil Corporation Limited

Indian Oil Corporation Limited

IOC.NS
Indian Oil Corporation LimitedIN flagNational Stock Exchange of India
142.18
INR
+0.50
- -
2.01TMarket Cap
Indian Oil Corporation Limited
IOC.NS
(National Stock Exchange of India)

Recent

price

142.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
212.66
247.15
278.6
307.9
296.42
237.8
246.27
290.47
366.86
347.54
262.23
425.54
600.91
561.19
550.27
- -
546.27
Revenue per Share
5.38
2.9
3.05
4.86
3.37
8.46
13.96
15.61
12.27
-0.65
15.71
18.23
7.11
30.3
9.87
- -
12.19
Basic EPS, GAAP
-4.73
-2.91
3.54
10.52
28.46
14.32
16.02
13.07
1.7
-3.77
32.08
14.88
17.45
48.03
21.3
- -
- -
Free Cash Flow per Basic Share
2.62
1.93
1.02
1.26
1.79
2.44
8.98
8.07
8.25
4.21
6.09
7.91
2.4
7.97
6.93
- -
- -
Dividend per Share
2
2.12
3.09
1.42
45.6
52.09
4
7.72
6.48
6.67
6.67
6.67
10
10
10
- -
- -
Book Value per Share
39.94
41.91
43.05
43.85
58.31
60.8
69.79
78.01
75.29
65.43
77.04
93.23
98.84
131.15
132.73
- -
- -
Tangible Book Value per Share
14,568
14,568
14,568
14,568
14,568
14,218
14,218
14,218
14,162
13,772
13,772
13,772
13,772
13,772
13,777
- -
13,850
Basic Weighted Avg Shares
3,097,970
3,600,428
4,058,592
4,485,459
4,318,178
3,381,061
3,501,498
4,129,977
5,195,417
4,786,113
3,611,327
5,860,328
8,275,473
7,728,421
7,581,058
7,844,154
7,566,016
Sales/Revenue/Turnover
3.68
4.99
2.48
2.5
1.39
5.82
7.88
8.28
5.52
2.25
8.87
6.35
3.13
7.94
2.56
7.62
2.97
Operating Margin (%)
50,842
49,839
57,103
63,691
51,904
56,984
68,677
76,679
85,074
102,734
109,414
123,476
131,810
158,661
167,773
184,202
- -
Depreciation Expense
78,307
42,260
44,490
70,856
49,120
120,224
198,495
221,894
173,767
-8,931
216,382
251,022
97,921
417,297
135,978
420,963
168,831
Net Income, GAAP
20.06
- -
19.47
30.18
30.55
31.31
27.08
34.32
33.37
- -
29.23
24.97
22.17
24.66
19.19
24
19.54
Effective Tax Rate (%)
2.53
1.17
1.1
1.58
1.14
3.56
5.67
5.37
3.34
-0.19
5.99
4.28
1.18
5.4
1.79
5.37
2.23
Profit Margin (%)
22,625
22,306
29,496
-1,770
-61,027
-106,808
-363,682
-342,271
-311,558
-507,826
-459,672
-460,039
-478,119
-579,610
-729,713
-543,950
- -
Working Capital
173,425
183,102
247,875
358,652
342,267
279,413
255,459
230,605
391,524
560,706
609,349
623,082
697,898
531,249
583,344
636,521
- -
LT Debt
595,682
623,170
642,977
690,836
895,632
914,056
1,040,007
1,160,250
1,143,466
962,742
1,128,140
1,351,266
1,432,143
1,881,630
1,910,247
2,255,471
- -
Total Equity
7.96
- -
5.47
4.92
2.65
8.96
12.69
12.88
9.74
- -
9.95
11.23
7.22
15.08
4.73
12.96
- -
Return on Invested Capital (%)
15.78
- -
11.18
10.47
6.26
10.31
21.38
32.17
21.6
- -
18.45
20.55
8.45
28.99
12.99
29.07
12.84
Return on Capital (%)
293.29
140.96
117.26
215.65
14.34
17.12
49.78
266.24
172.4
-9.73
235.68
273.41
85.32
303.01
98.74
305.68
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
939,363
- -
LT Borrowings
- -
517,558
- -
LT Finance Leases
- -
65,786
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
13,772
- -
Market Capitalization
1,893,847
1,769,263
2,035,443

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
1,576,432
- -
Cash, Cash Equivalents & STI
- -
135,998
- -
Accounts Receivable, Net
- -
185,510
- -
Inventories
- -
1,138,785
- -
Total Current Liabilities
- -
2,306,144
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
939,363
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.2%
15.35%
18.07%
Free Cash Flow
-113.07%
45.81%
145.82%
Net Income, GAAP
-214.93%
84.67%
209.58%
Sales/Revenue/Turnover
11.33%
19.69%
3.47%
Total Cash Common Dividend
47.66%
44.56%
43.55%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,985,508
1,792,457
1,999,056
1,951,400
7,728,421
2025
1,938,449
1,749,761
1,940,145
1,952,703
7,581,058
2026
1,923,406
2,051,574
2,082,893
- -
7,844,154

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.48
9.53
6.56
- -
30.3
2025
2.56
-0.12
1.54
5.9
9.87
2026
4.95
9.44
10.5
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7.97
2025
- -
- -
- -
- -
6.93
2026
- -
- -
- -
- -
- -
Business
Indian Oil Corporation Limited, along with its associated entities, operates as a comprehensive energy major involved in the full spectrum of the hydrocarbon value chain throughout India and globally. The company's primary activities encompass the intricate processes of refining crude oil, its extensive pipeline transportation, and the robust marketing of various petroleum products. Additionally, it is actively engaged in the exploration and production of both crude oil and natural gas, alongside significant operations in petrochemical manufacturing and the sale of natural gas. Its broad portfolio of offerings includes essential fuels such as gasoline, diesel, and cooking gas (LPG under the Indane brand), alongside aviation turbine fuel, kerosene, specialized lubricants (under the SERVO brand), marine oils, and bitumen. Furthermore, Indian Oil produces a wide array of petrochemicals, encompassing polymers and various chemical products, branded as PROPEL. The corporation has also expanded its interests into diverse areas, including the production of explosives and cryogenics, wind and solar power generation, sophisticated lube blending, bunkering services, and offering consultancy in refining and pipeline operations. As of recent updates, the company's operational footprint is impressive, comprising 11 refineries across India with a combined capacity of approximately 80.80 million metric tonnes per annum (MMTPA). Its vast network for transporting crude oil and finished products spans over 20,000 kilometers of cross-country pipelines. Indian Oil serves a broad customer base through more than 60,900 customer touchpoints, which include over 26,000 petrol and diesel stations, 6,565 Kisan Seva Kendra outlets catering to rural markets, and a wide network of LPG distributors. The company is also a leader in electric mobility infrastructure in India, managing over 14,000 EV charging stations and 108 battery swapping facilities as of March 2025. With a commitment to energy transition, Indian Oil has pledged substantial investments towards green initiatives to achieve net-zero operational emissions by 2046. This includes major projects in green hydrogen, sustainable aviation fuel, and a significant expansion of its renewable power capacity. Established in 1959, the company holds the distinction of being India's largest integrated energy company and maintains a global presence with subsidiaries in Sri Lanka, Mauritius, and the Middle East.