Indian Oil vs Petronet LNG: share price, P/E, ROE and financials compared
Indian Oil Corporation
Petronet LNG
Indian Oil and Petronet LNG at a glance
Indian Oil and Petronet LNG are both listed in Oil Gas & Consumable Fuels. Indian Oil is the larger by market cap, at ₹2.1L Cr against ₹47,550 Cr for Petronet LNG (4.3 times as large). On valuation, Indian Oil has the lower P/E (4.3× against 10.3×) and the lower price-to-book (0.86× against 1.96×). On returns and margins, Indian Oil has the higher ROE (22.6% against 20.4%), while Petronet LNG has the higher ROCE (21.2% against 20.5%) and the higher operating margin (16.0% against 7.3%). Over three years, Indian Oil has faster 3-year sales growth (−2.2% against −9.7% a year) and faster 3-year profit growth (+62.6% against +5.6% a year). Petronet LNG carries less debt for its equity, with a debt-to-equity of 0.09× against 0.58×.
Key metrics, side by side
| Metric | Indian OilIOC | Petronet LNGPETRONET |
|---|---|---|
| Price (₹) | 146.25 | 317.00 |
| Market cap (₹ Cr) | 2,06,523 | 47,550 |
| P/E | 4.3× (the lower figure, shaded) | 10.3× |
| P/B | 0.86× (the lower figure, shaded) | 1.96× |
| Dividend yield, trailing | 5.64% (the higher figure, shaded) | 3.15% |
| ROE | 22.6% (the higher figure, shaded) | 20.4% |
| ROCE | 20.5% | 21.2% (the higher figure, shaded) |
| Operating margin (OPM) | 7.3% | 16.0% (the higher figure, shaded) |
| Net margin (NPM) | 5.1% | 13.9% (the higher figure, shaded) |
| Sales CAGR 3Y | −2.2% (the higher figure, shaded) | −9.7% |
| Profit CAGR 3Y | +62.6% (the higher figure, shaded) | +5.6% |
| Debt to equity | 0.58× | 0.09× (the lower figure, shaded) |
| Interest cover | 8.4× | 23.5× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 47,242 | 4,634 |
| 1Y return | −14.6% | +13.0% (the higher figure, shaded) |
| Promoter holding | – | 50.00% |
Indian Oil vs Petronet LNG: common questions
Which is bigger, Indian Oil or Petronet LNG?
By market cap, Indian Oil is bigger at ₹2.1L Cr, against ₹47,550 Cr for Petronet LNG (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹47,242 Cr for Indian Oil and ₹4,634 Cr for Petronet LNG.
Which has a lower P/E ratio, Indian Oil or Petronet LNG?
Indian Oil trades at a P/E of 4.3× and Petronet LNG at 10.3×. 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 Petronet LNG?
Indian Oil reports a return on equity of 22.6% and Petronet LNG 20.4%. Indian Oil has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Indian Oil or Petronet LNG?
Over the last three years: Sales grew −2.2% a year at Indian Oil and −9.7% at Petronet LNG, so Indian Oil grew sales faster; profit grew +62.6% a year at Indian Oil and +5.6% at Petronet LNG, so Indian Oil grew profit faster. Past growth doesn’t predict future growth.