Indian Oil (IOC) Stock Overview
Engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
IOC Community Fair Values
Create NarrativeSee what 84 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Indian Oil Corporation Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹140.53 |
| 52 Week High | ₹188.96 |
| 52 Week Low | ₹130.22 |
| Beta | 0.86 |
| 1 Month Change | -4.60% |
| 3 Month Change | -19.14% |
| 1 Year Change | -1.93% |
| 3 Year Change | 57.63% |
| 5 Year Change | 91.20% |
| Change since IPO | 623.76% |
Recent News & Updates
Analysis Article • 17h
Indian Oil Corporation Limited Just Recorded A 21% EPS Beat: Here's What Analysts Are Forecasting Next
As you might know, Indian Oil Corporation Limited ( NSE:IOC ) just kicked off its latest yearly results with some very...
Narrative Update • May 09
IOC: Higher P/E And Lower Margins Will Likely Cap Future Upside
Analysts have nudged their fair value estimate for Indian Oil slightly higher to ₹104.82 from ₹104.61, citing modest adjustments to long term revenue contraction, profit margin assumptions, future P/E expectations, and an updated discount rate. What's in the News Board meeting on May 18, 2026, to review standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to consider a final dividend for FY 2025-26 (Board Meeting).Narrative Update • Apr 22
IOC: Lower Margin Outlook And Rising P/E Will Likely Restrain Future Returns
Analysts have trimmed their price target on Indian Oil to ₹104.61 from ₹118.06, citing updated assumptions that include a lower fair value estimate, softer revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News Re Sustainability signed an exclusive MoU with Indian Oil Corporation Limited to launch a national initiative for collecting and recycling used lubricating oil.Recent updates
Analysis Article • 17h
Indian Oil Corporation Limited Just Recorded A 21% EPS Beat: Here's What Analysts Are Forecasting Next
As you might know, Indian Oil Corporation Limited ( NSE:IOC ) just kicked off its latest yearly results with some very...Narrative Update • May 09
IOC: Higher P/E And Lower Margins Will Likely Cap Future Upside
Analysts have nudged their fair value estimate for Indian Oil slightly higher to ₹104.82 from ₹104.61, citing modest adjustments to long term revenue contraction, profit margin assumptions, future P/E expectations, and an updated discount rate. What's in the News Board meeting on May 18, 2026, to review standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to consider a final dividend for FY 2025-26 (Board Meeting).Narrative Update • Apr 22
IOC: Lower Margin Outlook And Rising P/E Will Likely Restrain Future Returns
Analysts have trimmed their price target on Indian Oil to ₹104.61 from ₹118.06, citing updated assumptions that include a lower fair value estimate, softer revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News Re Sustainability signed an exclusive MoU with Indian Oil Corporation Limited to launch a national initiative for collecting and recycling used lubricating oil.
Narrative Update • Apr 07
IOC: Circular Recycling And Cleaner Fuel Partnerships Will Support Future Upside
Analysts have kept the price target for Indian Oil steady at ₹225, pointing to adjusted assumptions around revenue growth, profit margins and future P/E to support this unchanged view. What's in the News Indian Oil signed an exclusive MoU with Re Sustainability to launch a national programme for collection and recycling of used lubricating oil, targeting 100 KTA annual collection and a 50 to 100 KTA re refining facility for Group II+ base oils, along with recycling of plastic lubricant containers under EPR rules (Key Developments).Narrative Update • Mar 24
IOC: Lower Assumed Margins And P/E Will Likely Pressure Future Returns
Analysts have trimmed their price target on Indian Oil from about ₹137 to roughly ₹118, citing model updates that include a slightly higher discount rate, a smaller expected revenue decline, modestly lower profit margins, and a lower future P/E assumption. What's in the News Re Sustainability signed an exclusive MoU with Indian Oil to launch a national initiative for collection and recycling of used lubricating oil, targeting annual collection of 100 KTA and establishing a 50 to 100 KTA Group II+ re refined base oil facility, with added recovery of plastic lubricant containers under EPR regulations (Key Developments).Narrative Update • Mar 10
IOC: Renewable Fuel And Service Expansion Will Support Future Upside
Analysts have maintained their price target for Indian Oil at ₹225.00, citing only minor adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E that do not materially change their overall view on the stock. What's in the News Board meeting scheduled on Mar 06, 2026 to consider a second interim dividend for the 2025-26 financial year.Narrative Update • Feb 23
IOC: Future Renewable Fuel Initiatives Will Support Share Price Upside
Analysts have raised their fair value estimate for Indian Oil to ₹225 from ₹207, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers behind the new price target. What's in the News Indian Oil signed a Letter of Intent with Akasa Air at Wings India 2026 to explore future supply of Sustainable Aviation Fuel, including potential volumes, delivery locations, timelines, and approved feedstocks and production pathways (Key Developments).Narrative Update • Feb 08
IOC: Future Margin Assumptions And New Partnerships Will Likely Prove Excessive
Analysts have lifted their fair value estimate for Indian Oil from ₹131.87 to ₹136.88, citing updated assumptions around the discount rate, revenue trends, profit margins and future P/E expectations. What's in the News Indian Oil signed a Letter of Intent with Akasa Air at Wings India 2026 to explore the future supply of Sustainable Aviation Fuel.Analysis Article • Feb 08
Indian Oil Corporation Limited Just Recorded A 64% EPS Beat: Here's What Analysts Are Forecasting Next
Indian Oil Corporation Limited ( NSE:IOC ) just released its quarterly report and things are looking bullish. The...Narrative Update • Jan 25
IOC: Higher Multiple And Service Outlet Tie-Up Will Likely Prove Excessive
Analysts have slightly increased their price target for Indian Oil to ₹131.87 from ₹122.45, reflecting minor adjustments to their assumptions on discount rate, revenue trends, profit margins, and a modestly higher future P/E multiple. What's in the News A board meeting is scheduled for Feb 05, 2026 to consider and approve standalone and consolidated unaudited financial results for the quarter ended Dec 31, 2025 (company filing).Analysis Article • Jan 20
Is Indian Oil (NSE:IOC) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Narrative Update • Jan 10
IOC: Future Renewable Stake And Interim Dividend Will Support Upside
Analysts have lifted their fair value estimate for Indian Oil to ₹207 from ₹195, citing adjustments to discount rate assumptions, tempered revenue growth expectations, a slightly revised profit margin outlook, and a higher assumed future P/E multiple. What's in the News Board meeting scheduled for Dec 12, 2025, at 11:00 Indian Standard Time to consider an interim dividend of ₹5 per equity share with a face value of ₹10 for the 2025-2026 financial year (company filing).Narrative Update • Dec 25
IOC: Higher Multiple And Dividend Move Are Expected To Prove Excessive
Analysts have raised their price target on Indian Oil by about 9 dollars per share. They cite a lower perceived risk profile and a greater willingness to pay a higher future earnings multiple, even as they trim assumptions for revenue growth and profit margins.
Narrative Update • Dec 11
IOC: Renewable Expansion And Stable Metrics Will Support Near Term Outlook
Analysts have modestly lifted their price target on Indian Oil to ₹168.68 per share, reflecting slightly higher assumed discount rates and future valuation multiples, while keeping growth and margin expectations broadly unchanged. What's in the News Board meeting scheduled for December 12, 2025 to consider declaration of an interim dividend for financial year 2025-26 (Key Developments).Narrative Update • Nov 27
IOC: Renewable Energy Acquisition and Balanced Metrics Will Support Near-Term Stability
Analysts have modestly raised the fair value estimate for Indian Oil from ₹168.03 to ₹168.68. This update reflects an improved outlook, driven by stronger revenue growth expectations despite minor revisions to profit margins and discount rates.Analysis Article • Nov 16
Lacklustre Performance Is Driving Indian Oil Corporation Limited's (NSE:IOC) Low P/E
With a price-to-earnings (or "P/E") ratio of 9.5x Indian Oil Corporation Limited ( NSE:IOC ) may be sending very...Narrative Update • Nov 12
IOC: Future Renewable Energy Moves Will Drive Near-Term Performance Stability
Analysts have raised their price target for Indian Oil from ₹163.43 to ₹168.03. They cite improved revenue growth forecasts and a lower discount rate as key drivers for this upward revision.Narrative Update • Oct 29
Renewable Energy Move And Lower Risk Will Shape Future Performance
Analysts have raised their price target for Indian Oil from ₹158 to ₹163.43, reflecting adjustments in projected revenue growth and profit margins in light of ongoing sector evaluations. What's in the News Indian Oil is in advanced talks to acquire a 50% stake in renewable energy firm Fourth Partner Energy through its subsidiary Terra Clean Ltd.Analysis Article • Oct 29
Indian Oil (NSE:IOC) Is Doing The Right Things To Multiply Its Share Price
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Sep 04
Refinery Expansions And Clean Energy Investments Will Redefine India's Landscape
With no material changes in consensus revenue growth forecasts (steady at 1.2%) or future P/E (flat at 11.39x), analysts have left Indian Oil’s fair value estimate unchanged at ₹158.00. What's in the News Approved a dividend of INR 3 per equity share for 2024-25.Analysis Article • Aug 06
Is Indian Oil (NSE:IOC) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 19
Cautious Investors Not Rewarding Indian Oil Corporation Limited's (NSE:IOC) Performance Completely
With a price-to-earnings (or "P/E") ratio of 15.2x Indian Oil Corporation Limited ( NSE:IOC ) may be sending bullish...
New Narrative • Feb 02
Renewable Energy And Green Hydrogen Initiatives Will Strengthen Future Prospects
Investing in refining capacity and transforming retail outlets boosts future revenues and aligns with evolving customer trends for diverse energy options.Shareholder Returns
| IOC | IN Oil and Gas | IN Market | |
|---|---|---|---|
| 7D | 0.2% | -0.2% | 0.5% |
| 1Y | -1.9% | 0.2% | -0.7% |
Return vs Industry: IOC underperformed the Indian Oil and Gas industry which returned 0.2% over the past year.
Return vs Market: IOC underperformed the Indian Market which returned -0.7% over the past year.
Price Volatility
| IOC volatility | |
|---|---|
| IOC Average Weekly Movement | 5.1% |
| Oil and Gas Industry Average Movement | 6.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in IN Market | 10.1% |
| 10% least volatile stocks in IN Market | 4.8% |
Stable Share Price: IOC has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: IOC's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1959 | 29,941 | n/a | www.iocl.com |
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 of petroleum products; exploration and production of crude oil and gas; explosives and cryogenic businesses; pipeline transportation of crude oil, petroleum, and gas; petrochemicals and gasoline; gas and LPG marketing; research and development; city gas distribution; and downstream operations.
Indian Oil Corporation Limited Fundamentals Summary
| IOC fundamental statistics | |
|---|---|
| Market cap | ₹1.90t |
| Earnings (TTM) | ₹420.96b |
| Revenue (TTM) | ₹7.84t |
4.6x
P/E Ratio0.2x
P/S RatioIs IOC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IOC income statement (TTM) | |
|---|---|
| Revenue | ₹7.84t |
| Cost of Revenue | ₹6.33t |
| Gross Profit | ₹1.51t |
| Other Expenses | ₹1.09t |
| Earnings | ₹420.96b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 30.57 |
| Gross Margin | 19.29% |
| Net Profit Margin | 5.37% |
| Debt/Equity Ratio | 53.2% |
How did IOC perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield27%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 14:45 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Indian Oil Corporation Limited is covered by 53 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Chauhan | 360 ONE Capital Market Private Limited |
| Ashwin Mehta | Ambit Capital |
| Vivekanand Subbaraman | Ambit Capital |