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Last Updated: March 3, 2026, 12:46 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530965 | NSE: IOC

Indian Oil Corporation Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 12:46 pm

Market Cap 2,52,926 Cr.
Current Price 179
Intrinsic Value₹56.88
High / Low 189/112
Stock P/E7.07
Book Value 140
Dividend Yield2.79 %
ROCE7.36 %
ROE6.51 %
Face Value 10.0
PEG Ratio0.96

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indian Oil Corporation Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indian Oil Corporation Ltd 2,52,926 Cr. 179 189/1127.07 1402.79 %7.36 %6.51 % 10.0
Bharat Petroleum Corporation Ltd 1,62,607 Cr. 375 392/2366.51 2174.67 %16.2 %17.3 % 10.0
Hindustan Petroleum Corporation Ltd 90,326 Cr. 424 508/2905.87 2672.47 %10.5 %13.8 % 10.0
Mangalore Refinery & Petrochemicals Ltd 33,038 Cr. 189 204/99.515.2 75.80.00 %4.36 %0.40 % 10.0
Chennai Petroleum Corporation Ltd 13,963 Cr. 938 1,103/4396.61 5740.53 %4.04 %2.10 % 10.0
Industry Average398,428.17 Cr577.1710.86320.301.81%8.69%8.09%10.00

All Competitor Stocks of Indian Oil Corporation Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 205,715203,872198,551179,246199,906198,650193,845174,976194,014195,270192,341178,628205,157
Expenses 201,411186,236174,851156,075183,172186,675183,923171,509186,442180,241179,073162,383182,412
Operating Profit 4,30417,63723,70023,17116,73311,9759,9213,4677,57315,02913,26716,24522,745
OPM % 2%9%12%13%8%6%5%2%4%8%7%9%11%
Other Income 1,7311,3689708291,9161,6861,1022,5561,9361,5191,7321,3561,627
Interest 2,1221,9571,7431,9771,9582,1472,0802,5462,4582,1782,0702,2702,088
Depreciation 3,4513,2883,4763,6104,6864,0944,1034,0654,2844,3254,1794,2274,457
Profit before tax 46213,75919,45018,41312,0057,4204,841-5892,76610,0458,75011,10417,827
Tax % -93%21%24%26%23%26%23%-24%22%17%22%26%24%
Net Profit 89010,84114,73513,7139,2255,4883,723-4492,1478,3686,8088,19113,502
EPS in Rs 0.557.2910.229.296.393.652.50-0.121.505.754.835.549.21

Last Updated: March 4, 2026, 9:04 am

Below is a detailed analysis of the quarterly data for Indian Oil Corporation Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 205,157.00 Cr.. The value appears strong and on an upward trend. It has increased from 178,628.00 Cr. (Sep 2025) to 205,157.00 Cr., marking an increase of 26,529.00 Cr..
  • For Expenses, as of Dec 2025, the value is 182,412.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 162,383.00 Cr. (Sep 2025) to 182,412.00 Cr., marking an increase of 20,029.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 22,745.00 Cr.. The value appears strong and on an upward trend. It has increased from 16,245.00 Cr. (Sep 2025) to 22,745.00 Cr., marking an increase of 6,500.00 Cr..
  • For OPM %, as of Dec 2025, the value is 11.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Sep 2025) to 11.00%, marking an increase of 2.00%.
  • For Other Income, as of Dec 2025, the value is 1,627.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,356.00 Cr. (Sep 2025) to 1,627.00 Cr., marking an increase of 271.00 Cr..
  • For Interest, as of Dec 2025, the value is 2,088.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,270.00 Cr. (Sep 2025) to 2,088.00 Cr., marking a decrease of 182.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 4,457.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,227.00 Cr. (Sep 2025) to 4,457.00 Cr., marking an increase of 230.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 17,827.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,104.00 Cr. (Sep 2025) to 17,827.00 Cr., marking an increase of 6,723.00 Cr..
  • For Tax %, as of Dec 2025, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Sep 2025) to 24.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Dec 2025, the value is 13,502.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,191.00 Cr. (Sep 2025) to 13,502.00 Cr., marking an increase of 5,311.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 9.21. The value appears strong and on an upward trend. It has increased from 5.54 (Sep 2025) to 9.21, marking an increase of 3.67.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 488,345449,507346,045355,379421,492528,158483,763363,950589,321841,756776,352758,106771,396
Expenses 471,123438,932324,007321,230379,834492,896467,710324,021541,563811,073700,702722,063704,109
Operating Profit 17,22210,57522,03834,14941,65835,26216,05339,92947,75830,68375,65036,04367,287
OPM % 4%2%6%10%10%7%3%11%8%4%10%5%9%
Other Income 5,0645,8605,2194,3564,3314,097-7,1654,6964,3325,1245,3847,1126,233
Interest 5,9484,2013,4873,7433,8754,9255,7922,9335,4547,5887,8819,3158,606
Depreciation 6,3605,2195,6986,8067,6648,50610,27310,94112,34813,18115,86616,77717,189
Profit before tax 9,9787,01418,07227,95634,45025,927-7,17730,75134,28915,03857,28817,06347,726
Tax % 30%31%31%27%34%33%-74%29%25%22%25%19%
Net Profit 6,9674,87212,41320,38522,62617,274-1,87621,76225,72711,70443,16113,78936,869
EPS in Rs 4.863.378.2513.6315.2312.31-0.6315.3217.786.9329.559.6325.33
Dividend Payout % 30%33%28%45%90%49%-437%51%46%42%40%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-30.07%154.78%64.22%10.99%-23.65%-110.86%1260.02%18.22%-54.51%268.77%-68.05%
Change in YoY Net Profit Growth (%)0.00%184.85%-90.56%-53.23%-34.65%-87.21%1370.88%-1241.80%-72.73%323.28%-336.82%

Indian Oil Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:9%
3 Years:9%
TTM:-2%
Compounded Profit Growth
10 Years:12%
5 Years:22%
3 Years:-22%
TTM:-48%
Stock Price CAGR
10 Years:8%
5 Years:20%
3 Years:25%
1 Year:-23%
Return on Equity
10 Years:15%
5 Years:16%
3 Years:13%
Last Year:7%

Last Updated: September 5, 2025, 7:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2,4282,4282,3704,7399,4799,1819,1819,1819,18113,77213,77213,77213,772
Reserves 65,48566,40487,61097,357104,395103,28886,217102,657124,354125,949169,645172,716183,317
Borrowings 94,91664,89358,55263,27165,65096,765129,790116,649132,020148,977132,628152,271146,681
Other Liabilities 103,124100,15883,184108,352116,336126,128104,773126,658145,327153,298166,639168,464172,703
Total Liabilities 265,953233,883231,715273,719295,860335,363329,962355,145410,882441,995482,683507,222516,472
Fixed Assets 72,55476,781100,033115,958124,053132,494147,022157,085160,514180,048195,998201,142209,847
CWIP 38,06140,37826,21916,77819,13028,28132,84536,29147,46951,13361,03277,92177,242
Investments 15,89516,06931,18543,68744,80644,11235,57144,71752,35252,19065,54267,21870,858
Other Assets 139,443100,65574,27897,295107,871130,476114,524117,053150,546158,624160,111160,940158,526
Total Assets 265,953233,883231,715273,719295,860335,363329,962355,145410,882441,995482,683507,222516,472

Below is a detailed analysis of the balance sheet data for Indian Oil Corporation Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 13,772.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13,772.00 Cr..
  • For Reserves, as of Sep 2025, the value is 183,317.00 Cr.. The value appears strong and on an upward trend. It has increased from 172,716.00 Cr. (Mar 2025) to 183,317.00 Cr., marking an increase of 10,601.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 146,681.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 152,271.00 Cr. (Mar 2025) to 146,681.00 Cr., marking a decrease of 5,590.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 172,703.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 168,464.00 Cr. (Mar 2025) to 172,703.00 Cr., marking an increase of 4,239.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 516,472.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 507,222.00 Cr. (Mar 2025) to 516,472.00 Cr., marking an increase of 9,250.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 209,847.00 Cr.. The value appears strong and on an upward trend. It has increased from 201,142.00 Cr. (Mar 2025) to 209,847.00 Cr., marking an increase of 8,705.00 Cr..
  • For CWIP, as of Sep 2025, the value is 77,242.00 Cr.. The value appears to be declining and may need further review. It has decreased from 77,921.00 Cr. (Mar 2025) to 77,242.00 Cr., marking a decrease of 679.00 Cr..
  • For Investments, as of Sep 2025, the value is 70,858.00 Cr.. The value appears strong and on an upward trend. It has increased from 67,218.00 Cr. (Mar 2025) to 70,858.00 Cr., marking an increase of 3,640.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 158,526.00 Cr.. The value appears to be declining and may need further review. It has decreased from 160,940.00 Cr. (Mar 2025) to 158,526.00 Cr., marking a decrease of 2,414.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 516,472.00 Cr.. The value appears strong and on an upward trend. It has increased from 507,222.00 Cr. (Mar 2025) to 516,472.00 Cr., marking an increase of 9,250.00 Cr..

Notably, the Reserves (183,317.00 Cr.) exceed the Borrowings (146,681.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 24,19546,09225,62428,21629,11512,7477,14649,65025,74729,64471,14634,699
Cash from Investing Activity + -18,594-10,215-13,610-17,684-17,119-22,569-29,101-22,935-21,294-28,030-31,512-31,848
Cash from Financing Activity + -3,116-38,283-11,890-10,937-12,00710,43622,456-27,369-4,058-1,794-39,385-3,425
Net Cash Flow 2,485-2,406124-405-11614502-653395-180250-573

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-77.00-54.00-36.00-29.00-24.00-61.00-113.00-77.00-85.00-118.00-57.00-116.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9689911101412769
Inventory Days 6146548777645911184597063
Days Payable 342931414034244937273434
Cash Conversion Cycle 362331554641457659404239
Working Capital Days -8-12-20-45-37-28-46-58-34-26-33-42
ROCE %9%6%14%20%22%16%5%15%16%8%21%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.50%51.50%51.50%51.50%51.50%51.50%51.50%51.50%51.50%51.50%51.50%51.50%
FIIs 6.91%7.56%7.84%8.84%8.49%7.79%7.90%7.43%7.39%7.48%7.69%8.57%
DIIs 11.92%11.55%10.70%9.90%10.23%10.04%10.43%10.08%9.97%10.29%10.42%10.00%
Government 19.60%19.60%19.60%19.60%19.57%19.57%19.57%19.57%19.57%19.57%19.57%19.57%
Public 10.06%9.77%10.36%10.13%10.18%11.07%10.59%11.39%11.57%11.15%10.81%10.34%
No. of Shareholders 18,27,30317,91,34919,72,34020,65,51424,28,56127,29,16527,81,74630,82,71731,89,61430,80,10029,75,61428,15,980

Shareholding Pattern Chart

No. of Shareholders

Indian Oil Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Energy Opportunities Fund 48,250,677 7.96 787.6452,139,8352026-02-22 01:54:33-7.46%
SBI Energy Opportunities Fund 47,774,163 9.06 779.87N/AN/AN/A
SBI Contra Fund 36,049,578 1.21 588.4716,549,5782025-12-08 01:18:57117.83%
Kotak Flexicap Fund 30,000,000 0.87 489.72N/AN/AN/A
SBI Balanced Advantage Fund 28,274,557 1.15 461.5544,040,3072025-12-08 01:18:57-35.8%
ICICI Prudential Equity & Debt Fund 12,650,828 0.42 206.5114,150,8282025-12-15 01:24:01-10.6%
SBI Multi Asset Allocation Fund 10,000,000 1.13 176.77N/AN/AN/A
ICICI Prudential Large Cap Fund 10,431,263 0.22 170.28N/AN/AN/A
Aditya Birla Sun Life PSU Equity Fund 7,660,905 2.19 125.06N/AN/AN/A
Tata Arbitrage Fund 7,093,125 0.56 115.797,819,5002026-02-22 21:59:57-9.29%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.8730.307.1127.3423.57
Diluted EPS (Rs.) 9.8730.307.1127.3423.57
Cash EPS (Rs.) 20.9241.7417.4440.1234.32
Book Value[Excl.RevalReserv]/Share (Rs.) 135.41133.18103.99147.18122.88
Book Value[Incl.RevalReserv]/Share (Rs.) 135.41133.18103.99147.18122.88
Revenue From Operations / Share (Rs.) 550.49563.74611.23641.90396.41
PBDIT / Share (Rs.) 28.6857.6825.3455.3648.02
PBIT / Share (Rs.) 16.5046.1615.7741.9136.10
PBT / Share (Rs.) 11.1140.4810.2936.0032.19
Net Profit / Share (Rs.) 8.7330.227.8726.6822.40
NP After MI And SOA / Share (Rs.) 9.8730.307.1127.3423.57
PBDIT Margin (%) 5.2110.234.148.6212.11
PBIT Margin (%) 2.998.182.576.529.10
PBT Margin (%) 2.017.171.685.608.12
Net Profit Margin (%) 1.585.361.284.155.65
NP After MI And SOA Margin (%) 1.795.371.164.255.94
Return on Networth / Equity (%) 7.2922.757.0018.7919.34
Return on Capital Employeed (%) 8.2223.909.2317.6117.19
Return On Assets (%) 2.688.652.216.116.09
Long Term Debt / Equity (X) 0.270.250.450.410.54
Total Debt / Equity (X) 0.760.671.000.920.97
Asset Turnover Ratio (%) 1.531.682.021.611.14
Current Ratio (X) 0.680.730.760.760.71
Quick Ratio (X) 0.180.170.180.180.20
Inventory Turnover Ratio (X) 6.446.403.913.162.16
Dividend Payout Ratio (NP) (%) 70.8926.4033.7538.4044.55
Dividend Payout Ratio (CP) (%) 31.7319.1214.3825.7429.59
Earning Retention Ratio (%) 29.1173.6066.2561.6055.45
Cash Earning Retention Ratio (%) 68.2780.8885.6274.2670.41
Interest Coverage Ratio (X) 4.2710.154.639.3712.28
Interest Coverage Ratio (Post Tax) (X) 2.106.322.445.526.73
Enterprise Value (Cr.) 319723.98356059.41248847.82232529.90191298.07
EV / Net Operating Revenue (X) 0.420.450.290.390.52
EV / EBITDA (X) 8.094.487.134.584.34
MarketCap / Net Operating Revenue (X) 0.230.290.120.180.23
Retention Ratios (%) 29.1073.5966.2461.5955.44
Price / BV (X) 0.941.260.760.810.75
Price / Net Operating Revenue (X) 0.230.290.120.180.23
EarningsYield 0.070.180.090.220.25

After reviewing the key financial ratios for Indian Oil Corporation Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 9.87. This value is within the healthy range. It has decreased from 30.30 (Mar 24) to 9.87, marking a decrease of 20.43.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 9.87. This value is within the healthy range. It has decreased from 30.30 (Mar 24) to 9.87, marking a decrease of 20.43.
  • For Cash EPS (Rs.), as of Mar 25, the value is 20.92. This value is within the healthy range. It has decreased from 41.74 (Mar 24) to 20.92, marking a decrease of 20.82.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 135.41. It has increased from 133.18 (Mar 24) to 135.41, marking an increase of 2.23.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 135.41. It has increased from 133.18 (Mar 24) to 135.41, marking an increase of 2.23.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 550.49. It has decreased from 563.74 (Mar 24) to 550.49, marking a decrease of 13.25.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 28.68. This value is within the healthy range. It has decreased from 57.68 (Mar 24) to 28.68, marking a decrease of 29.00.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 16.50. This value is within the healthy range. It has decreased from 46.16 (Mar 24) to 16.50, marking a decrease of 29.66.
  • For PBT / Share (Rs.), as of Mar 25, the value is 11.11. This value is within the healthy range. It has decreased from 40.48 (Mar 24) to 11.11, marking a decrease of 29.37.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 8.73. This value is within the healthy range. It has decreased from 30.22 (Mar 24) to 8.73, marking a decrease of 21.49.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 9.87. This value is within the healthy range. It has decreased from 30.30 (Mar 24) to 9.87, marking a decrease of 20.43.
  • For PBDIT Margin (%), as of Mar 25, the value is 5.21. This value is below the healthy minimum of 10. It has decreased from 10.23 (Mar 24) to 5.21, marking a decrease of 5.02.
  • For PBIT Margin (%), as of Mar 25, the value is 2.99. This value is below the healthy minimum of 10. It has decreased from 8.18 (Mar 24) to 2.99, marking a decrease of 5.19.
  • For PBT Margin (%), as of Mar 25, the value is 2.01. This value is below the healthy minimum of 10. It has decreased from 7.17 (Mar 24) to 2.01, marking a decrease of 5.16.
  • For Net Profit Margin (%), as of Mar 25, the value is 1.58. This value is below the healthy minimum of 5. It has decreased from 5.36 (Mar 24) to 1.58, marking a decrease of 3.78.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 1.79. This value is below the healthy minimum of 8. It has decreased from 5.37 (Mar 24) to 1.79, marking a decrease of 3.58.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 7.29. This value is below the healthy minimum of 15. It has decreased from 22.75 (Mar 24) to 7.29, marking a decrease of 15.46.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 8.22. This value is below the healthy minimum of 10. It has decreased from 23.90 (Mar 24) to 8.22, marking a decrease of 15.68.
  • For Return On Assets (%), as of Mar 25, the value is 2.68. This value is below the healthy minimum of 5. It has decreased from 8.65 (Mar 24) to 2.68, marking a decrease of 5.97.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.27. This value is within the healthy range. It has increased from 0.25 (Mar 24) to 0.27, marking an increase of 0.02.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.76. This value is within the healthy range. It has increased from 0.67 (Mar 24) to 0.76, marking an increase of 0.09.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.53. It has decreased from 1.68 (Mar 24) to 1.53, marking a decrease of 0.15.
  • For Current Ratio (X), as of Mar 25, the value is 0.68. This value is below the healthy minimum of 1.5. It has decreased from 0.73 (Mar 24) to 0.68, marking a decrease of 0.05.
  • For Quick Ratio (X), as of Mar 25, the value is 0.18. This value is below the healthy minimum of 1. It has increased from 0.17 (Mar 24) to 0.18, marking an increase of 0.01.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.44. This value is within the healthy range. It has increased from 6.40 (Mar 24) to 6.44, marking an increase of 0.04.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 70.89. This value exceeds the healthy maximum of 50. It has increased from 26.40 (Mar 24) to 70.89, marking an increase of 44.49.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 31.73. This value is within the healthy range. It has increased from 19.12 (Mar 24) to 31.73, marking an increase of 12.61.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 29.11. This value is below the healthy minimum of 40. It has decreased from 73.60 (Mar 24) to 29.11, marking a decrease of 44.49.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 68.27. This value is within the healthy range. It has decreased from 80.88 (Mar 24) to 68.27, marking a decrease of 12.61.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 4.27. This value is within the healthy range. It has decreased from 10.15 (Mar 24) to 4.27, marking a decrease of 5.88.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.10. This value is below the healthy minimum of 3. It has decreased from 6.32 (Mar 24) to 2.10, marking a decrease of 4.22.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 319,723.98. It has decreased from 356,059.41 (Mar 24) to 319,723.98, marking a decrease of 36,335.43.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.42. This value is below the healthy minimum of 1. It has decreased from 0.45 (Mar 24) to 0.42, marking a decrease of 0.03.
  • For EV / EBITDA (X), as of Mar 25, the value is 8.09. This value is within the healthy range. It has increased from 4.48 (Mar 24) to 8.09, marking an increase of 3.61.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.23. This value is below the healthy minimum of 1. It has decreased from 0.29 (Mar 24) to 0.23, marking a decrease of 0.06.
  • For Retention Ratios (%), as of Mar 25, the value is 29.10. This value is below the healthy minimum of 30. It has decreased from 73.59 (Mar 24) to 29.10, marking a decrease of 44.49.
  • For Price / BV (X), as of Mar 25, the value is 0.94. This value is below the healthy minimum of 1. It has decreased from 1.26 (Mar 24) to 0.94, marking a decrease of 0.32.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.23. This value is below the healthy minimum of 1. It has decreased from 0.29 (Mar 24) to 0.23, marking a decrease of 0.06.
  • For EarningsYield, as of Mar 25, the value is 0.07. This value is below the healthy minimum of 5. It has decreased from 0.18 (Mar 24) to 0.07, marking a decrease of 0.11.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Indian Oil Corporation Ltd as of March 4, 2026 is: ₹52.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 4, 2026, Indian Oil Corporation Ltd is Overvalued by 70.40% compared to the current share price ₹179.00

Intrinsic Value of Indian Oil Corporation Ltd as of March 4, 2026 is: ₹56.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 4, 2026, Indian Oil Corporation Ltd is Overvalued by 68.22% compared to the current share price ₹179.00

Last 5 Year EPS CAGR: 7.33%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -32.42, which is a positive sign.
  2. The company has higher reserves (114,568.77 cr) compared to borrowings (107,927.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (551.38 cr) and profit (24.08 cr) over the years.
  1. The stock has a low average ROCE of 13.25%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 44.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Indian Oil Corporation Ltd:
    1. Net Profit Margin: 1.58%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 8.22% (Industry Average ROCE: 8.69%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.29% (Industry Average ROE: 8.09%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.1
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.18
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 7.07 (Industry average Stock P/E: 10.86)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.76
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Indian Oil Corporation Ltd. is a Public Limited Listed company incorporated on 30/06/1959 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L23201MH1959GOI011388 and registration number is 011388. Currently company belongs to the Industry of Refineries. Company's Total Operating Revenue is Rs. 755949.62 Cr. and Equity Capital is Rs. 13771.56 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
RefineriesIndian Oil Bhavan, G-9, Ali Yavar Jung Marg, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. A S SahneyChairman
Mr. Suman KumarDirector - Planning & Business Development
Mr. Arvind KumarDirector - Refineries
Ms. Rashmi GovilDirector - Human Resources
Mr. Anuj JainDirector - Finance
Mr. Alok SharmaDirector - R & D
Ms. Esha SrivastavaGovernment Nominee Director
Dr. Sujata SharmaGovernment Nominee Director

FAQ

What is the intrinsic value of Indian Oil Corporation Ltd?

Indian Oil Corporation Ltd's intrinsic value (as of 04 March 2026) is ₹56.88 which is 68.22% lower the current market price of ₹179.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,52,926 Cr. market cap, FY2025-2026 high/low of ₹189/112, reserves of ₹183,317 Cr, and liabilities of ₹516,472 Cr.

What is the Market Cap of Indian Oil Corporation Ltd?

The Market Cap of Indian Oil Corporation Ltd is 2,52,926 Cr..

What is the current Stock Price of Indian Oil Corporation Ltd as on 04 March 2026?

The current stock price of Indian Oil Corporation Ltd as on 04 March 2026 is ₹179.

What is the High / Low of Indian Oil Corporation Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Indian Oil Corporation Ltd stocks is ₹189/112.

What is the Stock P/E of Indian Oil Corporation Ltd?

The Stock P/E of Indian Oil Corporation Ltd is 7.07.

What is the Book Value of Indian Oil Corporation Ltd?

The Book Value of Indian Oil Corporation Ltd is 140.

What is the Dividend Yield of Indian Oil Corporation Ltd?

The Dividend Yield of Indian Oil Corporation Ltd is 2.79 %.

What is the ROCE of Indian Oil Corporation Ltd?

The ROCE of Indian Oil Corporation Ltd is 7.36 %.

What is the ROE of Indian Oil Corporation Ltd?

The ROE of Indian Oil Corporation Ltd is 6.51 %.

What is the Face Value of Indian Oil Corporation Ltd?

The Face Value of Indian Oil Corporation Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Oil Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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