Indian Oil Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 20.5%)
- Efficient capital deployment (ROCE 18.7%)
- Attractively valued vs sector (P/E 5.8x vs industry 26.8x)
- Trading below book value (P/B 0.9x)
- Regular dividends — yield 6%
- Near 52-week low — potential value zone (₹130)
Concerns
Today's Price Action
The stock is trading at ₹137.6, unchanged from the previous close, with a total traded volume of 42,71,979 shares – exactly matching the 20‑day average volume. The flat price movement together with volume at its typical level suggests a short‑term equilibrium, with neither buyers nor sellers dominating the market today.
Valuation Snapshot
Indian Oil Corporation Limited (IOC) trades at a trailing P/E of 5.75, considerably lower than the broader Oil, Gas & Consumable Fuels sector, which currently registers a sector‑wide P/E of zero (indicating no earnings for many peers). The company’s return on equity stands at 20.5%, reflecting strong profitability relative to its equity base.
Key Levels to Watch
The current price of ₹137.6 sits near the lower end of the 52‑week range (₹130 – ₹189), providing a potential support cushion around the ₹130 mark. Open‑interest data for the nearest monthly futures contract shows a prominent concentration of contracts around the ₹140–₹145 band, acting as a short‑term liquidity node that could influence price dynamics.
Chart Pattern
On the daily chart, a bullish Marubozu candle formed two days ago, followed by a bullish engulfing pattern five days ago. Both formations emerged on the 1‑day timeframe and signal that recent price action has produced sizeable real‑body candles that fully contain the preceding session’s range, indicating a shift in intraday momentum.
Data Summary
Key metrics for IOC include a market price of ₹137.6, a P/E of 5.75, and a ROE of 20.5%, with a 52‑week range spanning ₹130 to ₹189. Trading volume aligns with the 20‑day average at 42,71,979 shares, while recent candlestick formations highlight compact, momentum‑driven price bars on the daily chart.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,322 | ₹17.9L Cr | 23.9 | 1.98 | 8.91 | 10.3 | 0.45 |
| ONGC Oil & Natural Gas Corporation Limited | ₹235 | ₹3.0L Cr | 6.75 | 0.79 | 11.6 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹415 | ₹2.6L Cr | 8.2 | 2.15 | 28.2 | 35 | 0.13 |
| BPCL Bharat Petroleum Corporation Limited | ₹316 | ₹1.4L Cr | 8.84 | 1.37 | 28.8 | 25.6 | 0.56 |
| GAIL GAIL (India) Limited | ₹173 | ₹1.1L Cr | 11.5 | 1.28 | 8.71 | 9.67 | 0.25 |
| OIL Oil India Limited | ₹488 | ₹79K Cr | 9.51 | 1.37 | 12.2 | 11.5 | 0.64 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹357 | ₹76K Cr | 45.4 | 1.16 | 30.9 | 22.2 | 1.11 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
IOC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.50% | 51.50% | 51.50% | 51.50% | 51.50% | 51.50% |
| FII | 8.84% | 8.49% | 7.79% | 7.90% | 7.43% | 7.39% |
| DII | 9.90% | 10.23% | 10.04% | 10.43% | 10.08% | 9.97% |
| Public | 10.13% | 10.18% | 11.07% | 10.59% | 11.39% | 11.57% |
| Govt | 19.60% | 19.57% | 19.57% | 19.57% | 19.57% | 19.57% |
Corporate Events
Dividend - Rs 1.25 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Interim Dividend - Rs 2 Per Share
Interim Dividend - Rs 5 Per Share
Dividend - Rs 3 Per Share
Dividend - Rs 7 Per Share
Interim Dividend - Rs 5 Per Share
Dividend - Rs 3 Per Share
Latest News
All newsCrude oil prices rise on US sanctions on Iran
*Crude oil prices rise on US sanctions on Iran.* Geopolitical tensions escalate as US sanctions restrict Iranian oil exports, reducing global supply. Crude futures surge to **$92/barrel**, impacting India’s import bill and inflation outlook. Refiners like IOC, HPCL, and BPCL may see margin pressures if prices remain elevated. 📊 *STOCKS:* IOC, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
US actions on Iran may affect Indian oil imports
The latest US move regarding Iran and Hormuz attacks has implications for India's oil import strategy. Any disruption in supply or tighter sanctions could push crude prices higher, impacting trade balance. This raises concerns over inflation and fiscal stability. India imports **~10%** of its oil from Iran, making it vulnerable to geopolitical shifts. 📊 *STOCKS:* | 🏢 *SECTOR:* Macro | #HIGHIMPACT #Oil
India's Russian crude imports hit record high in June
*India's Russian crude imports hit record high in June as discounts widen.* Refiners like **Reliance** and **IOC** imported **over 1 million barrels per day**, up **40% MoM**. Steeper discounts on Urals crude boosted profitability. Refinery throughput and export margins likely to improve. 📊 *STOCKS:* RELIANCE, IOC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
Hormuz crisis threatens oil supply, prices may spike
*Hormuz crisis threatens oil supply, prices may spike*\nEscalating tensions in the Strait of Hormuz, a critical oil transit route, could disrupt hydrocarbon shipments. Crude oil prices may surge due to supply fears, impacting refiners and fuel costs. Indian PSU oil companies like **IOC**, **HPCL**, and **BPCL** could see volatility.\n\n📊 *STOCKS:* IOC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Oil
US sanctions on Iran may affect Indian oil imports
*US sanctions on Iran may affect Indian oil imports.* Indian refiners like **IOC**, **HPCL**, and **BPCL** could face higher crude costs if Iranian supply is disrupted. India imported **~1.2 million barrels per day** from Iran last year, making it a key source. Any reduction may widen trade deficit and impact refining margins. 📊 *STOCKS:* IOC, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #oil
UAE exits OPEC, potential boost for Indian oil importers
*UAE exits OPEC, potential boost for Indian oil importers.* Former envoy Sanjay Sudhir called the UAE’s decision to quit OPEC **significant**, stating that the weakening of oil cartels could benefit India. Lower crude prices may reduce import bills and ease inflationary pressures. This could positively impact refining and consumption sectors if supply stability continues. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #OPEC
Fuel price freeze threatens Indian oil firms' solvency
India's oil marketing companies face insolvency as fuel prices remain frozen despite rising input costs. Refiners are incurring losses of **₹25,000 crore** collectively due to under-recovery on diesel and petrol. With no immediate price revision in sight, liquidity stress could trigger defaults. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
UAE's OPEC exit sparks oil market speculation
*UAE's OPEC exit fuels concerns over oil supply stability.* Crude prices may rise as production quotas loosen, impacting refiners and fuel costs. Indian oil importers and public sector undertakings could face margin pressures. Global energy dynamics shift with potential ripple effects on inflation and trade. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #OPEC
UAE exits OPEC, potential boost for Indian oil imports
*UAE exits OPEC, potential boost for Indian oil imports.* This move could lead to increased oil supply flexibility and possibly lower crude prices for Indian refiners. India may secure better long-term energy deals outside OPEC’s pricing influence. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #OPEC
UAE exits Opec, potential benefit for Indian oil importers
*UAE exits Opec, potentially reshaping global oil dynamics.* India may gain from favorable crude oil pricing as UAE adjusts production. Reduced Opec influence could lower import costs for India, saving **$4–6 billion annually** on crude purchases. Lower input costs may ease inflation and boost refining margins. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Opec
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.1L Cr 14.9% | ₹1.8L Cr 7.1% | ₹1.9L Cr 1.5% | ₹2.0L Cr 0.6% | ₹1.9L Cr 10.9% | ₹1.7L Cr 9.7% | ₹1.9L Cr 2.4% | ₹2.0L Cr |
| Op. Profit | ₹22.7K Cr 40.0% | ₹16.2K Cr 22.4% | ₹13.3K Cr 11.7% | ₹15.0K Cr 98.5% | ₹7.6K Cr 118.4% | ₹3.5K Cr 65.1% | ₹9.9K Cr 17.2% | ₹12.0K Cr |
| OPM | 11.0% 22.2% | 9.0% 28.6% | 7.0% 12.5% | 8.0% 105.1% | 3.9% 95.0% | 2.0% 60.0% | 5.0% 16.7% | 6.0% |
| Net Profit | ₹13.5K Cr 64.8% | ₹8.2K Cr 20.3% | ₹6.8K Cr 18.6% | ₹8.4K Cr 289.8% | ₹2.1K Cr 578.2% | ₹-449 Cr 112.1% | ₹3.7K Cr 32.2% | ₹5.5K Cr |
| EPS (₹) | 9.21 66.2% | 5.54 14.7% | 4.83 16.0% | 5.75 283.3% | 1.5 1350.0% | -0.12 104.8% | 2.5 31.5% | 3.65 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.8L Cr 3.5% | ₹7.6L Cr 2.4% | ₹7.8L Cr 7.8% | ₹8.4L Cr 42.8% | ₹5.9L Cr 61.9% | ₹3.6L Cr 24.8% | ₹4.8L Cr 8.4% | ₹5.3L Cr 25.3% | ₹4.2L Cr 18.6% | ₹3.6L Cr |
| Expenses | ₹7.1L Cr 2.0% | ₹7.2L Cr 3.0% | ₹7.0L Cr 13.6% | ₹8.1L Cr 49.4% | ₹5.4L Cr 67.5% | ₹3.2L Cr 30.7% | ₹4.7L Cr 5.1% | ₹4.9L Cr 29.8% | ₹3.8L Cr 18.2% | ₹3.2L Cr |
| Op. Profit | ₹77.1K Cr 114.0% | ₹36.0K Cr 52.4% | ₹75.7K Cr 146.6% | ₹30.7K Cr 34.2% | ₹46.6K Cr 16.8% | ₹39.9K Cr 148.7% | ₹16.1K Cr 54.5% | ₹35.3K Cr 15.4% | ₹41.7K Cr 22.0% | ₹34.1K Cr |
| OPM | 10.0% 108.3% | 4.8% 52.0% | 10.0% 177.8% | 3.6% 55.0% | 8.0% 27.3% | 11.0% 233.3% | 3.3% 52.9% | 7.0% 30.0% | 10.0% 0.0% | 10.0% |
| Other Income | ₹7.1K Cr 0.4% | ₹7.1K Cr 32.1% | ₹5.4K Cr 5.1% | ₹5.1K Cr 18.7% | ₹4.3K Cr 8.0% | ₹4.7K Cr 165.5% | ₹-7.2K Cr 274.9% | ₹4.1K Cr 5.4% | ₹4.3K Cr 0.6% | ₹4.4K Cr |
| Interest | ₹8.4K Cr 10.3% | ₹9.3K Cr 18.1% | ₹7.9K Cr 3.9% | ₹7.6K Cr 76.4% | ₹4.3K Cr 46.6% | ₹2.9K Cr 49.4% | ₹5.8K Cr 17.6% | ₹4.9K Cr 27.1% | ₹3.9K Cr 3.5% | ₹3.7K Cr |
| Depreciation | ₹18.4K Cr 9.8% | ₹16.8K Cr 5.7% | ₹15.9K Cr 20.4% | ₹13.2K Cr 6.7% | ₹12.3K Cr 12.9% | ₹10.9K Cr 6.5% | ₹10.3K Cr 20.8% | ₹8.5K Cr 11.0% | ₹7.7K Cr 12.6% | ₹6.8K Cr |
| PBT | ₹57.5K Cr 236.8% | ₹17.1K Cr 70.2% | ₹57.3K Cr 281.0% | ₹15.0K Cr 56.1% | ₹34.3K Cr 11.5% | ₹30.8K Cr 528.5% | ₹-7.2K Cr 127.7% | ₹25.9K Cr 24.7% | ₹34.5K Cr 23.2% | ₹28.0K Cr |
| Tax % | 24.0% 26.3% | 19.0% 24.0% | 25.0% 13.6% | 22.0% 12.0% | 25.0% 13.8% | 29.0% 139.2% | -74.0% 324.2% | 33.0% 2.9% | 34.0% 25.9% | 27.0% |
| Net Profit | ₹43.7K Cr 216.8% | ₹13.8K Cr 68.1% | ₹43.2K Cr 268.8% | ₹11.7K Cr 54.5% | ₹25.7K Cr 18.2% | ₹21.8K Cr 1260.0% | ₹-1.9K Cr 110.9% | ₹17.3K Cr 23.7% | ₹22.6K Cr 11.0% | ₹20.4K Cr |
| EPS (₹) | 29.81 209.6% | 9.63 67.4% | 29.55 326.4% | 6.93 61.0% | 17.78 16.1% | 15.32 2531.7% | -0.63 105.1% | 12.31 19.2% | 15.23 11.7% | 13.63 |
| Div Payout | 27.0% 10.0% | 30.0% 25.0% | 40.0% 4.8% | 42.0% 8.7% | 46.0% 9.8% | 51.0% 111.7% | -437.0% 991.8% | 49.0% 45.6% | 90.0% 100.0% | 45.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹13.8K Cr 0.0% | ₹13.8K Cr 0.0% | ₹13.8K Cr 0.0% | ₹13.8K Cr 50.0% | ₹9.2K Cr 0.0% | ₹9.2K Cr 0.0% | ₹9.2K Cr 0.0% | ₹9.2K Cr 3.1% | ₹9.5K Cr 100.0% | ₹4.7K Cr |
| Reserves | ₹1.8L Cr 6.1% | ₹1.7L Cr 1.8% | ₹1.7L Cr 34.7% | ₹1.3L Cr 1.3% | ₹1.2L Cr 21.1% | ₹1.0L Cr 19.1% | ₹86.2K Cr 16.5% | ₹1.0L Cr 1.1% | ₹1.0L Cr 7.2% | ₹97.4K Cr |
| Borrowings | ₹1.5L Cr 3.7% | ₹1.5L Cr 14.8% | ₹1.3L Cr 11.0% | ₹1.5L Cr 12.8% | ₹1.3L Cr 13.2% | ₹1.2L Cr 10.1% | ₹1.3L Cr 34.1% | ₹96.8K Cr 47.4% | ₹65.7K Cr 3.8% | ₹63.3K Cr |
| Other Liabilities | ₹1.7L Cr 2.3% | ₹1.7L Cr 1.3% | ₹1.7L Cr 8.7% | ₹1.5L Cr 5.5% | ₹1.5L Cr 14.7% | ₹1.3L Cr 20.9% | ₹1.0L Cr 16.9% | ₹1.3L Cr 8.4% | ₹1.2L Cr 7.4% | ₹1.1L Cr |
| Total Liabilities | ₹5.2L Cr 1.8% | ₹5.1L Cr 5.2% | ₹4.8L Cr 9.2% | ₹4.4L Cr 7.6% | ₹4.1L Cr 15.7% | ₹3.6L Cr 7.6% | ₹3.3L Cr 1.6% | ₹3.4L Cr 13.4% | ₹3.0L Cr 8.1% | ₹2.7L Cr |
Assets | ||||||||||
| Fixed Assets | ₹2.1L Cr 4.3% | ₹2.0L Cr 2.6% | ₹2.0L Cr 8.9% | ₹1.8L Cr 12.2% | ₹1.6L Cr 2.2% | ₹1.6L Cr 6.8% | ₹1.5L Cr 11.0% | ₹1.3L Cr 6.8% | ₹1.2L Cr 7.0% | ₹1.2L Cr |
| CWIP | ₹77.2K Cr 0.9% | ₹77.9K Cr 27.7% | ₹61.0K Cr 19.4% | ₹51.1K Cr 7.7% | ₹47.5K Cr 30.8% | ₹36.3K Cr 10.5% | ₹32.8K Cr 16.1% | ₹28.3K Cr 47.8% | ₹19.1K Cr 14.0% | ₹16.8K Cr |
| Investments | ₹70.9K Cr 5.4% | ₹67.2K Cr 2.6% | ₹65.5K Cr 25.6% | ₹52.2K Cr 0.3% | ₹52.4K Cr 17.1% | ₹44.7K Cr 25.7% | ₹35.6K Cr 19.4% | ₹44.1K Cr 1.5% | ₹44.8K Cr 2.6% | ₹43.7K Cr |
| Other Assets | ₹1.6L Cr 1.7% | ₹1.6L Cr 0.7% | ₹1.6L Cr 0.9% | ₹1.6L Cr 5.4% | ₹1.5L Cr 28.6% | ₹1.2L Cr 2.2% | ₹1.1L Cr 12.2% | ₹1.3L Cr 21.0% | ₹1.1L Cr 10.9% | ₹97.3K Cr |
| Total Assets | ₹5.2L Cr 1.8% | ₹5.1L Cr 5.2% | ₹4.8L Cr 9.2% | ₹4.4L Cr 7.6% | ₹4.1L Cr 15.7% | ₹3.6L Cr 7.6% | ₹3.3L Cr 1.6% | ₹3.4L Cr 13.4% | ₹3.0L Cr 8.1% | ₹2.7L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹34.5K Cr 51.6% | ₹71.1K Cr 140.0% | ₹29.6K Cr 20.7% | ₹24.6K Cr 50.5% | ₹49.6K Cr 594.8% | ₹7.1K Cr 43.9% | ₹12.7K Cr 56.2% | ₹29.1K Cr 3.2% | ₹28.2K Cr 10.1% | ₹25.6K Cr |
| Investing CF | ₹-31.6K Cr 0.4% | ₹-31.5K Cr 12.4% | ₹-28.0K Cr 32.4% | ₹-21.2K Cr 7.7% | ₹-22.9K Cr 21.2% | ₹-29.1K Cr 28.9% | ₹-22.6K Cr 31.8% | ₹-17.1K Cr 3.2% | ₹-17.7K Cr 29.9% | ₹-13.6K Cr |
| Financing CF | ₹-3.4K Cr 91.3% | ₹-39.4K Cr 2095.4% | ₹-1.8K Cr 40.1% | ₹-3.0K Cr 89.0% | ₹-27.4K Cr 221.9% | ₹22.5K Cr 115.2% | ₹10.4K Cr 186.9% | ₹-12.0K Cr 9.8% | ₹-10.9K Cr 8.0% | ₹-11.9K Cr |
| Net Cash Flow | ₹-610 Cr 344.0% | ₹250 Cr 238.9% | ₹-180 Cr 145.6% | ₹395 Cr 160.5% | ₹-653 Cr 230.1% | ₹502 Cr 18.2% | ₹614 Cr 5681.8% | ₹-11 Cr 97.3% | ₹-405 Cr 426.6% | ₹124 Cr |
| Free Cash Flow | ₹83 Cr 99.8% | ₹34.5K Cr 1465.0% | ₹-2.5K Cr 264.6% | ₹1.5K Cr 94.5% | ₹27.9K Cr 214.9% | ₹-24.3K Cr 90.4% | ₹-12.7K Cr 215.0% | ₹11.1K Cr 22.9% | ₹14.4K Cr 50.3% | ₹9.6K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9d 50.0% | 6d 14.3% | 7d 41.7% | 12d 14.3% | 14d 40.0% | 10d 9.1% | 11d 22.2% | 9d 0.0% | 9d 12.5% | 8d |
| Inventory Days | 63d 10.0% | 70d 18.6% | 59d 29.8% | 84d 24.3% | 111d 88.1% | 59d 7.8% | 64d 16.9% | 77d 11.5% | 87d 61.1% | 54d |
| Days Payable | 34d 0.0% | 34d 25.9% | 27d 27.0% | 37d 24.5% | 49d 104.2% | 24d 29.4% | 34d 15.0% | 40d 2.4% | 41d 32.3% | 31d |
| Cash Conv. Cycle | 39d 7.1% | 42d 5.0% | 40d 32.2% | 59d 22.4% | 76d 68.9% | 45d 9.8% | 41d 10.9% | 46d 16.4% | 55d 77.4% | 31d |
| Working Capital Days | -41d 24.2% | -33d 26.9% | -26d 23.5% | -34d 41.4% | -58d 26.1% | -46d 64.3% | -28d 24.3% | -37d 17.8% | -45d 125.0% | -20d |
| ROCE | 7.0% 66.7% | 21.0% 162.5% | 8.0% 50.0% | 16.0% 6.7% | 15.0% 200.0% | 5.0% 68.8% | 16.0% 27.3% | 22.0% 10.0% | 20.0% 42.9% | 14.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Indian Oil Corporation Limited
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI[1] that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.[2]
Oil, Gas & Consumable FuelsPetroleum Products