Indian Oil vs Hindustan Petroleum: share price, P/E, ROE and financials compared
Indian Oil Corporation
Hindustan Petroleum Corporation
Indian Oil and Hindustan Petroleum at a glance
Indian Oil and Hindustan Petroleum are both listed in Oil Gas & Consumable Fuels. Indian Oil is the larger by market cap, at ₹2.1L Cr against ₹82,379 Cr for Hindustan Petroleum (2.5 times as large). On valuation, Indian Oil has the lower P/E (4.3× against 57.4×) and the lower price-to-book (0.86× against 1.56×). On returns and margins, Indian Oil has the higher ROE (22.6% against 2.6%) and the higher operating margin (7.3% against 1.2%), while Hindustan Petroleum has the higher ROCE (23.3% against 20.5%). Over three years, Hindustan Petroleum has faster 3-year sales growth (+0.2% against −2.2% a year). Indian Oil carries less debt for its equity, with a debt-to-equity of 0.58× against 1.40×.
Key metrics, side by side
| Metric | Indian OilIOC | Hindustan PetroleumHINDPETRO |
|---|---|---|
| Price (₹) | 146.25 | 387.15 |
| Market cap (₹ Cr) | 2,06,523 | 82,379 |
| P/E | 4.3× (the lower figure, shaded) | 57.4× |
| P/B | 0.86× (the lower figure, shaded) | 1.56× |
| Dividend yield, trailing | 5.64% | 6.26% (the higher figure, shaded) |
| ROE | 22.6% (the higher figure, shaded) | 2.6% |
| ROCE | 20.5% | 23.3% (the higher figure, shaded) |
| Operating margin (OPM) | 7.3% (the higher figure, shaded) | 1.2% |
| Net margin (NPM) | 5.1% (the higher figure, shaded) | 0.3% |
| Sales CAGR 3Y | −2.2% | +0.2% (the higher figure, shaded) |
| Profit CAGR 3Y | +62.6% | – |
| Debt to equity | 0.58× (the lower figure, shaded) | 1.40× |
| Interest cover | 8.4× | 8.5× |
| Net profit TTM (₹ Cr) | 47,242 | 1,437 |
| 1Y return | −14.6% (the higher figure, shaded) | −21.6% |
| Promoter holding | – | 54.90% |
Indian Oil vs Hindustan Petroleum: common questions
Which is bigger, Indian Oil or Hindustan Petroleum?
By market cap, Indian Oil is bigger at ₹2.1L Cr, against ₹82,379 Cr for Hindustan Petroleum (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹47,242 Cr for Indian Oil and ₹1,437 Cr for Hindustan Petroleum.
Which has a lower P/E ratio, Indian Oil or Hindustan Petroleum?
Indian Oil trades at a P/E of 4.3× and Hindustan Petroleum at 57.4×. Indian Oil has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Indian Oil or Hindustan Petroleum?
Indian Oil reports a return on equity of 22.6% and Hindustan Petroleum 2.6%. Indian Oil has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Indian Oil or Hindustan Petroleum?
Over the last three years: Sales grew −2.2% a year at Indian Oil and +0.2% at Hindustan Petroleum, so Hindustan Petroleum grew sales faster. Past growth doesn’t predict future growth.