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As of 6 Nov 2026, Indian Oil Corporation trades at 4.3× trailing earnings, below the industry P/E of 14.3×, and the shares are 23% below their 52-week high. Sales fell 2.2% a year over 3 years while net profit grew 63%, with ROCE of 21% and ROE of 23%. Debt is 0.58× equity, and its dividend yield is 2.2%. It is a large-cap company with a market cap of ₹2.1 lakh crore, ranked 2nd of 20 Oil & Gas Refining & Marketing companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹143.00
Day high
₹146.49
Day low
₹142.31
Prev. close
₹144.50
Volume
2.3 Cr

Health check

2 good · 3 fair · 1 to check
  • ReturnsBehind

    −14.6% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 4.3 vs industry 14.3.

  • GrowthSteady

    Sales −2.2%, profit +62.6% a year over 3 years.

  • ProfitabilityAverage

    ROCE 20.5% vs peer median 21.2%.

  • Balance sheetFair

    Debt 0.58× equity, interest covered 8.4×, Piotroski 7 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas Refining & Marketing

19 listed peers. Screen the industry

Large cap

₹2.1L Cr, #2 of 20 in its industry by size.

Defensive

Beta 0.79 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹9,33,821 Cr · profit ₹47,242 Cr
Market cap
₹2.1L Cr
Large cap
P/E
4.3
Industry 14.3
Price to book
0.86
Peers 1.81
Dividend yield
2.22%
ROE
22.6%
Peers 17.3%
ROCE
20.5%
Peers 21.2%
Debt to equity
0.58
Debt ₹1.4L Cr
EPS (TTM)
₹34.30
Face value ₹10
OPM (TTM)
7.3%
Net margin 5.1%
Sales growth
+42.2%
Latest quarter vs a year ago
Profit growth
+173.6%
Latest quarter vs a year ago
Price to sales
0.22
EV/EBITDA 3.6

Strengths and risks

Strengths

  • Return on equity of 22.6%.
  • Return on capital employed of 20.5%.
  • Dividend yield of 2.22%.
  • Quarterly profit up 173.6% on a year ago.
  • Quarterly sales up 42.2% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Indian Oil Corporation

Indian Oil Corporation Limited, together with its subsidiaries, engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally. It operates through Sale of Petroleum Products; Sale of Petrochemicals; Sale of Gas; and Other segments. The company is involved in the refining, pipeline transportation and marketing, exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy…

Headquarters
New Delhi
Employees
29,650
Sector
Energy
ISIN
INE242A01010
Website
iocl.com

Price range

52 weeks

₹124.92₹188.96

Today

₹142.31₹146.49
Avg volume (3M)
93.7 L
1-year return
minus 14.6%
From 52-week high
minus 22.6%

Analyst consensus

31 analysts
BuyMean target ₹157.42 plus 7.6%

Target range, with today’s price

Low ₹105.00High ₹217.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Oil & Gas Refining & Marketing

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
RELIANCEReliance Industries1,320.00plus 0.50%17,86,28621.810.79.0%11.2%0.446.4%minus 10.8%
IOCIndian Oil Corporation146.25plus 1.21%2,06,5234.33.820.5%7.3%0.58−2.2%minus 14.6%
BPCLBharat Petroleum Corporation319.90plus 0.88%1,38,7898.73.826.4%3.4%0.62−1.2%minus 15.0%
HINDPETROHindustan Petroleum Corporation387.15plus 1.87%82,37957.44.223.3%1.2%1.400.2%minus 21.6%
PETRONETPetronet LNG317.000.00%47,55010.37.121.2%16.0%0.09−9.7%plus 13.0%
AEGISLOGAegis Logistics1,141.10minus 3.77%40,05330.126.714.2%20.9%0.51−1.3%plus 55.4%
MRPLMangalore Refinery & Petrochemicals175.67plus 1.12%30,7887.06.119.0%6.3%0.60−6.7%minus 1.2%
CHENNPETROChennai Petroleum Corporation1,441.80plus 1.64%21,4703.84.433.4%9.5%0.16−6.0%plus 44.3%
Median of 7 peers–0.88%47,55010.36.121.2%9.5%0.51−1.3%−1.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,92,3412,05,1572,08,2892,66,4072,53,967
1,83,2511,86,4061,88,3792,66,6852,24,251
9,08918,75219,910−27829,716
4.7%9.1%9.6%−0.1%11.7%
1,7321,6272,4241,1431,322
2,0702,0881,8801,7302,499
−0.5−464−663−68.5−348
8,75017,82719,791−93328,191
22.2%24.3%23.3%−22.4%20.2%
6,81413,00714,458−1,63121,408
4.959.4410.50-1.1815.54

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−2.2%
Profit CAGR 3Y
+62.6%
EPS CAGR 3Y
+62.6%
ROE
22.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8,27,5477,72,8427,54,5687,73,993
–minus 6.6%minus 2.4%+2.6%
7,88,4536,95,6317,15,9496,87,319
39,09577,21138,61986,674
4.7%10.0%5.1%11.2%
−3,0433,6232,022−1,735
6,6477,5848,4387,762
13,18115,86616,77718,420
−1,186−96.31,638−1,285
15,03857,28817,06357,472
22.2%24.7%19.2%24.0%
9,79241,73013,59842,096
–+326.2%minus 67.4%+209.6%
7.1130.309.8730.57

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
13,77213,77213,77213,772
1,25,9491,69,6451,72,7162,05,746
1,48,9771,32,6281,52,2711,31,822
1,53,0211,66,3181,68,4421,77,615
4,41,7184,82,3625,07,2005,28,955
2,25,7162,51,7922,73,8712,89,575
49,18459,63276,70985,103
23,71737,06535,45841,152
12,35313,41912,95311,281
1,30,7491,20,4541,08,2091,01,844
4,41,7184,82,3625,07,2005,28,955

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
29,64471,14634,45276,142
−28,030−31,512−31,641−22,274
−1,794−39,385−3,421−52,672
−180250−6101,197
−32,850−37,175−34,967−28,363
−3,20633,971−51547,779
−3,306−10,973−9,545−13,702

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 14.3% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you