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Indian Oil Corporation Limited (IOC.NS)

INR139.95 +0.99 (+0.71%)
IN NSE Energy Oil & Gas Refining & Marketing
Address 3079/3, J.B. Tito Marg 110049
New Delhi, IN
CEO Arvinder Singh Sahney
Website iocl.com
IPO 1996-04-15
ISIN INE242A01010

Explore sections of this company profile

Also trades on Bombay Stock Exchange · IOC.BO (INR) National Stock Exchange of India · IOC.NS (INR)
Description

Indian Oil Corporation Limited (IOC.NS), together with its subsidiaries, operates as a leading integrated energy company in India. Its core business spans the refining of crude oil, pipeline transportation, and the widespread marketing and distribution of petroleum products throughout the country. Beyond these primary activities, IOC is also involved in the exploration and production of crude oil and natural gas, the manufacturing of petrochemicals, and the supply of natural gas. The company's diverse product portfolio includes essential fuels such as petrol (gasoline), diesel (gas oil), auto gas, cooking gas (LPG), and aviation fuel, alongside lubricants, greases, kerosene, bulk and industrial fuels, marine oils, and bitumen. Furthermore, IOC provides a variety of specialized industrial derivatives like carbon black feedstock, raw petroleum coke, sulfur, paraffin wax, jute batching oil, microcrystalline wax, mineral turpentine oil, toluene, propylene, benzene, and petcoke. The firm's operations extend to various other sectors, including explosives and cryogenic services, the generation of wind and solar power, lubricant blending, bunkering services, refining and pipeline consultancy, and the sale of lubricants and base oils. Indian Oil Corporation maintains an extensive infrastructure across India, featuring approximately 9 refineries and nearly 15,000 kilometers of pipelines. Its vast distribution network encompasses about 34,559 fuel stations, including 11,026 Kisan Seva Kendra outlets, 120 terminals and depots, 101 LPG bottling and distribution plants, and 126 aviation fuel stations. The network also includes 6,993 consumer pumps, 12,813 LPG distributors, 1,488 CNG stations, 10 lubricant blending facilities, and 2,179 EV charging stations, 34 of which offer battery swapping capabilities. In its upstream segment, the company holds a portfolio comprising 9 exploration and production blocks situated within India. Established in 1958, Indian Oil Corporation Limited is headquartered in New Delhi, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR139.95 +0.99 (+0.71%)
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Volume Profile
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Liquidity & share structure
Average Volume
15M
Beta
0.79
Float Shares
3.37B
Free Float %
23.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.99% +3.07% -0.53% -9.97% -13.89% -15.33% +0.43% +53.36% +84.24% +103.23% +646.11%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
139.95
DCF (Unlevered) 988.48 +606.3%
DCF (Levered) 1,570.56 +1,022.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 52% Bullish
Rating 2026-06 Change
Strong Buy 7 0
Buy 9 -2
Hold 8 0
Sell 4 0
Strong Sell 3 -1
Quality scores
Altman Z-Score
2.15
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Oil & Gas Refining & Marketing: -1.3%
    +3.5% ★ Q1'26: +6.7% (vs Q1'25)
  • ✓
    EPS growth Oil & Gas Refining & Marketing: +42.8%
    +209.7% ★ Q1'26: +78.0% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Oil & Gas Refining & Marketing: +92.2%
    +5.9% ★ Q1'26: +8.0% (vs Q1'25)
  • ✗
    EBIT margin Oil & Gas Refining & Marketing: +4.6%
    +8.4% ★ Q1'26: +10.4% (vs Q1'25)
  • ✗
    ROIC Oil & Gas Refining & Marketing: +5.9%
    +14.5% ★ Q1'26: +19.2% (vs Q1'25)
  • ✓
    Share dilution Oil & Gas Refining & Marketing: +0.0%
    -0.1% ★ Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Oil & Gas Refining & Marketing: 0.89×
    1.57× Q1'26: 1.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.79) × ERP
WACC = 60% × Ke + 40% × Kd (6.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 982.08 Current price: 139.95
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 1997
actual 		Mar 1998
actual 		Mar 1999
actual 		Mar 2000
actual 		Mar 2001
actual 		Mar 2002
actual 		Mar 2003
actual 		Mar 2004
actual 		Mar 2005
actual 		Mar 2006
actual 		Mar 2007
actual 		Mar 2008
actual 		Mar 2009
actual 		Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
18 Rev. Ana.
14 EPS Ana. 		Mar 2027
15 Rev. Ana.
15 EPS Ana. 		Mar 2028
16 Rev. Ana.
16 EPS Ana. 		Mar 2029
4 Rev. Ana.
5 EPS Ana.
Revenue
568.98B
est.
393.31B
est.
650.19B
est.
780.10B
est.
931.85B
est.
1.03T
est.
1.24T
est.
1.13T
est: 1.26T (-10.0%)
1.32T
est: 1.42T (-7.2%)
1.52T
est: 1.96T (-22.2%)
1.84T
est: 2.25T (-18.1%)
2.07T
est: 2.63T (-21.1%)
2.41T
est: 3.23T (-25.3%)
2.33T
est: 2.78T (-15.9%)
2.84T
est: 3.29T (-13.7%)
4.09T
est: 4.34T (-5.8%)
4.62T
est: 4.85T (-4.8%)
4.88T
est: 5.29T (-7.7%)
4.50T
est: 4.50T (-0.2%)
3.46T
est: 3.46T (-0.1%)
3.55T
est: 3.65T (-2.7%)
4.30T
est: 4.13T (+4.2%)
5.29T
est: 5.50T (-3.8%)
4.88T
est: 4.89T (-0.4%)
3.64T
est: 3.90T (-6.7%)
5.89T
est: 5.99T (-1.6%)
8.42T
est: 7.88T (+6.8%)
7.76T
est: 7.72T (+0.6%)
7.58T
est: 7.63T (-0.7%)
7.57T
6.64T – 10.37T
-0.8% YoY
9.49T
7.75T – 11.52T
+25.2% YoY
9.02T
7.23T – 11.55T
-4.9% YoY
9.28T
8.89T – 9.67T
+2.8% YoY
EBITDA
43.66B
est.
12.97B
est.
31.02B
est.
31.04B
est.
47.30B
est.
27.12B
est.
56.79B
est.
136.45B
est: 103.41B (+31.9%)
107.26B
est: 125.17B (-14.3%)
110.98B
est: 122.43B (-9.4%)
163.66B
est: 96.69B (+69.3%)
173.70B
est: 148.12B (+17.3%)
108.05B
est: 160.65B (-32.7%)
204.75B
est: -33.90B (+704.0%)
180.02B
est: 220.50B (-18.4%)
139.18B
est: 181.37B (-23.3%)
157.89B
est: 23.86B (+561.7%)
214.26B
est: 54.66B (+292.0%)
113.20B
est: 82.22B (+37.7%)
253.61B
est: 77.86B (+225.7%)
342.28B
est: 230.31B (+48.6%)
417.68B
est: 396.53B (+5.3%)
370.80B
est: 587.70B (-36.9%)
195.16B
est: 280.23B (-30.4%)
394.27B
est: -8.06B (+4,993.5%)
475.77B
est: -11.02B (+4,418.8%)
380.98B
est: -11.80B (+3,327.7%)
767.68B
est: 931.09B (-17.5%)
382.60B
est: 964.58B (-60.3%)
913.95B
800.83B – 1.25T
-5.2% YoY
1.14T
934.85B – 1.39T
+25.2% YoY
1.09T
871.97B – 1.39T
-4.9% YoY
1.12T
1.07T – 1.17T
+2.8% YoY
EBIT
32.04B
est.
21.37B
est.
51.10B
est.
47.22B
est.
47.50B
est.
50.47B
est.
83.04B
est.
114.86B
est: 104.09B (+10.3%)
83.04B
est: 114.08B (-27.2%)
85.45B
est: 114.66B (-25.5%)
133.55B
est: 98.20B (+36.0%)
143.29B
est: 157.39B (-9.0%)
116.74B
est: 175.45B (-33.5%)
167.75B
est: 137.23B (+22.2%)
129.18B
est: 118.55B (+9.0%)
89.34B
est: 109.59B (-18.5%)
100.78B
est: 113.53B (-11.2%)
150.57B
est: 112.29B (+34.1%)
61.29B
est: 139.99B (-56.2%)
196.63B
est: 67.66B (+190.6%)
274.46B
est: 223.35B (+22.9%)
341.30B
est: 299.35B (+14.0%)
286.16B
est: 462.18B (-38.1%)
106.38B
est: 246.96B (-56.9%)
297.77B
est: -2.18B (+13,766.4%)
370.42B
est: -2.98B (+12,533.6%)
250.46B
est: -3.19B (+7,946.5%)
609.70B
est: 685.35B (-11.0%)
216.69B
est: 710.01B (-69.5%)
672.74B
589.47B – 920.62B
-5.2% YoY
842.59B
688.13B – 1.02T
+25.2% YoY
801.46B
641.84B – 1.03T
-4.9% YoY
824.25B
789.67B – 858.83B
+2.8% YoY
Net Income
22.38B
est.
11.80B
est.
28.21B
est.
26.56B
est.
29.19B
est.
29.52B
est.
37.84B
est.
78.37B
est: 66.68B (+17.5%)
59.01B
est: 78.86B (-25.2%)
51.16B
est: 75.52B (-32.3%)
81.79B
est: 56.69B (+44.3%)
85.51B
est: 92.72B (-7.8%)
23.96B
est: 97.13B (-75.3%)
109.99B
est: 24.78B (+343.9%)
80.86B
est: 126.99B (-36.3%)
42.26B
est: 103.35B (-59.1%)
44.49B
est: 46.89B (-5.1%)
70.86B
est: 50.39B (+40.6%)
49.12B
est: 60.99B (-19.5%)
120.22B
est: 38.42B (+212.9%)
198.49B
est: 127.97B (+55.1%)
221.89B
est: 216.48B (+2.5%)
173.77B
est: 300.55B (-42.2%)
-8.93B
est: 149.90B (-106.0%)
216.38B
est: -6.36B (+3,503.7%)
251.02B
est: -8.69B (+2,987.9%)
97.92B
est: -9.31B (+1,151.4%)
417.30B
est: 308.21B (+35.4%)
135.98B
est: 103.75B (+31.1%)
335.46B
275.90B – 395.03B
+223.3% YoY
89.09B
-304.58B – 453.64B
-73.4% YoY
239.86B
142.07B – 410.96B
+169.2% YoY
230.49B
204.90B – 319.30B
-3.9% YoY
SGA
11.99B
est.
202.41B
est.
484.06B
est.
345.14B
est.
518.71B
est.
576.35B
est.
754.96B
est.
76.73B
est: 740.86B (-89.6%)
85.42B
est: 552.98B (-84.6%)
85.55B
est: 951.72B (-91.0%)
93.97B
est: 1.04T (-90.9%)
111.23B
est: 1.33T (-91.6%)
186.94B
est: 1.57T (-88.1%)
1.42T
est: 1.54T (-7.7%)
1.74T
est: 202.28B (+758.0%)
—
est: 168.48B (-100.0%)
215.48B
est: 117.36B (+83.6%)
223.37B
est: 162.33B (+37.6%)
87.87B
est: 124.34B (-29.3%)
88.93B
est: 128.93B (-31.0%)
111.89B
est: 278.39B (-59.8%)
124.51B
est: 325.26B (-61.7%)
142.81B
est: 447.28B (-68.1%)
118.51B
est: 202.32B (-41.4%)
123.24B
est: 158.95B (-22.5%)
135.61B
est: 217.33B (-37.6%)
116.21B
est: 232.86B (-50.1%)
139.49B
est: 231.65B (-39.8%)
126.67B
est: 239.98B (-47.2%)
227.38B
199.24B – 311.17B
-5.2% YoY
284.79B
232.58B – 345.86B
+25.2% YoY
270.89B
216.94B – 346.78B
-4.9% YoY
278.59B
266.90B – 290.28B
+2.8% YoY
EPS
1.62
est.
1.85
est.
2.52
est.
2.96
est.
3.20
est.
3.14
est.
5.06
est.
5.35
est: 7.30 (-26.8%)
3.90
est: 6.24 (-37.5%)
3.52
est: 5.49 (-35.8%)
5.50
est: 5.98 (-8.0%)
5.53
est: 10.17 (-45.6%)
1.79
est: 4.62 (-61.3%)
7.35
est: 7.97 (-7.8%)
5.38
est: 8.72 (-38.3%)
2.90
est: 6.97 (-58.4%)
3.05
est: 6.37 (-52.1%)
4.86
est: 5.84 (-16.8%)
3.37
est: 3.81 (-11.4%)
8.46
est: 8.01 (+5.6%)
13.96
est: 12.84 (+8.7%)
15.61
est: 14.40 (+8.4%)
12.62
est: 11.69 (+7.9%)
-0.65
est: 4.55 (-114.3%)
15.71
est: 10.65 (+47.6%)
18.23
est: 15.87 (+14.9%)
7.11
est: 3.60 (+97.8%)
30.30
est: 22.38 (+35.4%)
9.87
est: 7.27 (+35.8%)
24.03
20.04 – 28.69
+230.5% YoY
10.00
-22.12 – 32.94
-58.4% YoY
18.92
10.32 – 29.84
+89.2% YoY
18.06
14.88 – 23.19
-4.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-11 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-10 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-09 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-08 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-05 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-04 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-03 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-02 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-06-01 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-29 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-27 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-26 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-25 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-22 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-21 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-20 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-19 A+ 4/5 4/5 5/5 5/5 2/5 4/5 4/5
2026-05-18 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-15 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-14 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-13 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-12 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-11 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-15 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-53.76B
OE per share TTM
-3.91
Owner's Yield
-2.77%
Maintenance CapEx ratio
7.66%
Maint CapEx / Avg PPE
34.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
21.69M
Shares Outstanding
14.12B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rashmi Govil Director & Director Human Resources 10M female
Kamal Kumar Gwalani Compliance Officer & Company Secretary 10M male
Anuj Jain Director of Finance & Director 9M male
Saumitra Priya Srivastava Director of Marketing & Director 9M male
Alok Sharma Director of Research & Development and Director 8M male
Arvind Kumar Director of Pipelines, Director of Refineries & Director 6M male
Arvinder Singh Sahney Whole-Time Director & Chairman 3M male
Ranjan Kumar Mohapatra Executive Director & Head of IndianOil Institute of Petroleum Management 1M male
Suman Kumar Director of Planning & Business Development and Director 635.4K male
Anant Kumar Singh Chief Vigilance Officer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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