Indian Oil Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 20.7%)
- ✓Efficient capital deployment (ROCE 18.8%)
- ✓Attractively valued vs sector (P/E 4.7x vs industry 22.5x)
- ✓Trading below book value (P/B 0.9x)
- ✓Regular dividends — yield 5%
- ✓Near 52-week low — potential value zone (₹130)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,291 | ₹17.8L Cr | 22.8 | 1.93 | 8.91 | 10.3 | 0.44 |
| ONGC Oil & Natural Gas Corporation Limited | ₹264 | ₹3.3L Cr | 8 | 0.89 | 11.7 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹472 | ₹2.9L Cr | 9.36 | 2.45 | 28.5 | 35.3 | 0.13 |
| BPCL Bharat Petroleum Corporation Limited | ₹295 | ₹1.3L Cr | 4.88 | 1.28 | 28.8 | 25.7 | 0.56 |
| GAIL GAIL (India) Limited | ₹168 | ₹1.1L Cr | 14.3 | 1.24 | 8.71 | 9.68 | 0.25 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹385 | ₹82K Cr | 4.52 | 1.25 | 30.9 | 22.2 | 1.11 |
| ATGL Adani Total Gas Limited | ₹762 +2.45% | ₹81K Cr | 124 | 17.25 | 14.5 | 15.4 | 0.45 |
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 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 news →ITC, Infosys, Wipro among top dividend yield stocks
*ITC, Infosys, Wipro among top dividend yield stocks* — ITC, Infosys, Wipro, and IOC are among the top 15 dividend-yielding stocks in the NSE 500 index. Investors are eyeing these stocks for stable income, with yields ranging from **3% to 7%**. Dividend payout ratios remain sustainable due to strong cash reserves. Sector leaders continue to reward shareholders despite market volatility. 📊 *STOCKS:* ITC, INFY, WIPRO, IOC | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #dividend
Indian refiners shift crude mix amid Hormuz crisis
*Indian refiners shift crude mix amid Hormuz crisis*. Refiners like IOC, HPCL, and Reliance are altering crude sourcing due to supply risks from the Hormuz crisis. They’re increasing use of **West African and US crude** to replace constrained Middle Eastern grades. This shift aims to maintain **>90% capacity utilisation** despite volatility. 📊 *STOCKS:* IOC, RELIANCE, HPCL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #CrudeOil
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
Oil PSUs maintain capex despite West Asia conflict
*Oil PSUs maintain capex despite West Asia conflict*. The ongoing West Asia conflict has not derailed capital expenditure plans of state-owned oil companies. Firms like ONGC, BPCL, and IOC continue with **₹50,000 crore** combined capex for FY25, focusing on refining and exploration. This signals stable operational outlook despite geopolitical risks. 📊 *STOCKS:* ONGC, BPCL, IOC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #capex
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% ▲100.0% | 4.0% ▲100.0% | 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 ▲49.8% | ₹5.4L Cr ▲67.1% | ₹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 ▲113.8% | ₹36.0K Cr ▼52.4% | ₹75.7K Cr ▲146.6% | ₹30.7K Cr ▼35.8% | ₹47.8K Cr ▲19.6% | ₹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% ▲100.0% | 5.0% ▼50.0% | 10.0% ▲150.0% | 4.0% ▼50.0% | 8.0% ▼27.3% | 11.0% ▲266.7% | 3.0% ▼57.1% | 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 ▲18.3% | ₹4.3K Cr ▼7.8% | ₹4.7K Cr ▲165.5% | ₹-7.2K Cr ▼274.9% | ₹4.1K Cr ▼5.4% | ₹4.3K Cr ▼0.6% | ₹4.4K Cr |
| Interest | ₹8.3K Cr ▼10.8% | ₹9.3K Cr ▲18.2% | ₹7.9K Cr ▲3.9% | ₹7.6K Cr ▲39.1% | ₹5.5K Cr ▲86.0% | ₹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 | 4.0% ▼86.7% | 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 ▲2.5% | ₹1.7L Cr ▲1.1% | ₹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 ▲5.1% | ₹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 ▼1.5% | ₹1.6L Cr ▲0.5% | ₹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 ▲5.1% | ₹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 | ₹34.7K Cr ▼51.2% | ₹71.1K Cr ▲140.0% | ₹29.6K Cr ▲15.1% | ₹25.7K Cr ▼48.1% | ₹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 | ₹-31.8K Cr ▼1.1% | ₹-31.5K Cr ▼12.4% | ₹-28.0K Cr ▼31.6% | ₹-21.3K Cr ▲7.2% | ₹-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 ▲55.8% | ₹-4.1K Cr ▲85.2% | ₹-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 | ₹-573 Cr ▼329.2% | ₹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 | ₹421 Cr ▼98.8% | ₹34.5K Cr ▲1465.0% | ₹-2.5K Cr ▼210.2% | ₹2.3K Cr ▼91.8% | ₹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 | -42d ▼27.3% | -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 Fuels · Petroleum Products