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 5.4x vs industry 23.9x)
- Trading below book value (P/B 0.8x)
- Regular dividends — yield 6.4%
- Near 52-week low — potential value zone (₹125)
Concerns
Today's Price Action
The stock closed at ₹130.15 with zero price change, indicating a flat intraday momentum while the quoted price remains anchored at the prior session’s settlement level. Trading volume exactly matched the 20‑day average at 5,28,087 shares, suggesting that participation from institutional and retail investors is consistent with recent liquidity patterns and that there is no abnormal buying or selling pressure on the day.
Valuation Snapshot
The headline price‑to‑earnings multiple stands at 5.42, which is markedly lower than the broader Oil, Gas & Consumable Fuels sector average, implying that the market is assigning a comparatively cheap earnings valuation to the company. A return on equity of 20.5 % reflects robust profitability and efficient use of shareholders’ capital, underscoring the firm’s ability to generate earnings that are well above the cost of equity.
Key Levels to Watch
The current price of ₹130.15 is positioned close to the lower bound of the 52‑week range, with the 25 % decline level at ₹125 acting as a near‑term support threshold that has historically absorbed selling pressure. On the upside, the 52‑week high of ₹189 forms a clear resistance zone, and a breach above this level would suggest a shift in market perception toward a more optimistic price outlook.
Chart Pattern
On the daily timeframe a bullish engulfing candle appeared three trading sessions ago, a hammer formed six sessions back, and a bearish harami also emerged six sessions ago; these three consecutive candlestick formations indicate short‑term oscillations in supply‑demand dynamics and a period of indecisiveness among market participants.
Data Summary
The security reports a market capitalisation of zero crore, a price‑to‑book ratio of zero, and a P/E of 5.42, while volume remains in line with the recent average. The 52‑week price corridor spans ₹125 to ₹189, providing a quantifiable reference band for assessing future price movements.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,158 | ₹16.1L Cr | 21.6 | 1.73 | 8.91 | 10.3 | 0.45 |
| ONGC Oil & Natural Gas Corporation Limited | ₹225 | ₹2.9L Cr | 6.55 | 0.76 | 11.6 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹392 | ₹2.4L Cr | 7.85 | 2.03 | 28.2 | 35 | 0.13 |
| BPCL Bharat Petroleum Corporation Limited | ₹287 | ₹1.2L Cr | 8.71 | 1.23 | 28.8 | 25.6 | 0.62 |
| GAIL GAIL (India) Limited | ₹165 | ₹1.1L Cr | 10.9 | 1.22 | 8.71 | 9.67 | 0.25 |
| OIL Oil India Limited | ₹448 | ₹73K Cr | 8.72 | 1.25 | 12.2 | 11.5 | 0.64 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹347 | ₹72K Cr | 50.1 | 1.4 | 30.9 | 22.2 | 1.4 |
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
To consider and approve the financial results for the period ended September 30, 2026
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 at $123 and weak rupee pressure Indian refiners
*Crude at $123 and weak rupee pressure Indian refiners* — Rising crude prices at **$123/barrel** and a depreciating rupee are squeezing margins for Indian oil refiners. Import costs have surged, impacting profitability for state-owned players. This could lead to higher fuel prices or reduced refining margins. 📊 *STOCKS:* IOCL, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
Indian Oil to cut Middle East crude purchases in FY28
*Indian Oil to cut Middle East crude purchases in FY28* due to Iran war risks. Plans to reduce reliance on annual Middle East contracts by **30%** starting FY28. Diversifying sourcing to West Africa and the Americas to mitigate supply disruptions. Long-term strategy aims to enhance energy security amid regional instability. 📊 *STOCKS:* $IOC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
Oil prices hit $108 amid Iran war, threatening OMC earnings.
*Oil prices hit $108 amid Iran war, threatening OMC earnings.* Geopolitical tensions from the Iran conflict disrupted global oil supply, pushing prices to **$108** in the September quarter. This surge may pressure refining margins for oil marketing companies (OMCs) in Q2. Investors await earnings to assess impact on profitability. 📊 *STOCKS:* ONGC, IOC, HPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #OilPrices
Oil prices surge on West Asia tensions, impacting Indian refiners
*Oil prices surge on West Asia tensions, impacting Indian refiners.* Crude prices jumped after Trump rejected Iran’s peace proposal, escalating regional conflict risks. Indian oil companies are now losing **over ₹500 crore daily** due to import costs and refining margin pressures. Rising crude could hurt CAD and INR stability. 📊 *STOCKS:* IOC, HPCL, BPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #OilPrices
Russia-Ukraine war impacts Indian oil and trade policies
*Russia-Ukraine war impacts Indian oil and trade policies.* India continues to import **~40% of discounted Russian oil**, boosting refining margins. However, potential **US tariffs** and geopolitical tensions pose risks to trade stability. The government faces a delicate balancing act between energy needs and diplomatic pressures. 📊 *STOCKS:* | 🏢 *SECTOR:* Macro | #HIGHIMPACT #Russia
US sanctions bill may disrupt Indian oil imports
*US sanctions bill may disrupt Indian oil imports.* India imports **~70%** of its crude from Russia, and any US move could raise costs by **$15–20/barrel**. Refiners like IOCL and MRPL may see margin pressure. Strategic reserves and alternative suppliers are being evaluated. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Oil
US passes Russia sanctions bill with 100% Trump tariffs
*US passes Russia sanctions bill with 100% Trump tariffs*. Bill targets nations importing Russian crude, potentially affecting India’s **80%** increase in oil purchases from Moscow. Indian refiners like **IOC** and **Nayara Energy** could face pressure if compliance escalates. Impact depends on enforcement; market may price risk into energy stocks. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
Brent crude nears $102, impacting oil marketing companies.
*Brent crude nears $102, impacting oil marketing companies.* Rising crude prices increase input costs for refiners, potentially squeezing margins unless passed on. Stocks like **CPCL**, **MRPL**, and **IOC** may see volatility as investors assess earnings impact. Higher crude also pressures government subsidy burdens. 📊 *STOCKS:* CPCL, MRPL, HPCL, BPCL, IOC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
Crude 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
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