Executive Summary
Indian Oil Corporation Limited, together with its subsidiaries, engages in the refining, pipeline transportation, and marketing of petroleum products in India.
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Fundamentals
Established dividend payer and good value.
Similar Companies
Share Price & News
How has Indian Oil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.5%
IOC
5.6%
IN Oil and Gas
3.8%
IN Market
1 Year Return
9.4%
IOC
14.5%
IN Oil and Gas
6.0%
IN Market
Return vs Industry: IOC underperformed the Indian Oil and Gas industry which returned 14.5% over the past year.
Return vs Market: IOC exceeded the Indian Market which returned 6% over the past year.
Shareholder returns
| IOC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 5.6% | 3.8% |
| 30 Day | 9.8% | 11.5% | 2.9% |
| 90 Day | -1.6% | 7.5% | 2.9% |
| 1 Year | 16.6%9.4% | 17.9%14.5% | 8.2%6.0% |
| 3 Year | 6.8%-10.2% | 51.4%35.8% | 23.0%16.7% |
| 5 Year | 99.4%60.0% | 70.2%43.3% | 43.6%30.0% |
Price Volatility Vs. Market
How volatile is Indian Oil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall St
Indian Oil Corporation Limited (NSE:IOC): 1 Days To Buy Before The Ex-Dividend Date11 months ago | Simply Wall St
What To Know Before Buying Indian Oil Corporation Limited (NSE:IOC) For Its Dividend11 months ago | Simply Wall St
Should You Be Excited About Indian Oil Corporation Limited's (NSE:IOC) 22% Return On Equity?Valuation
Is Indian Oil undervalued compared to its fair value and its price relative to the market?
9.73x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IOC (₹145.6) is trading above our estimate of fair value (₹82.28)
Significantly Below Fair Value: IOC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IOC is good value based on its PE Ratio (9.7x) compared to the Oil and Gas industry average (11.1x).
PE vs Market: IOC is good value based on its PE Ratio (9.7x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: IOC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: IOC is good value based on its PB Ratio (1.2x) compared to the IN Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is Indian Oil forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IOC's forecast earnings growth (10.7% per year) is above the savings rate (7.6%).
Earnings vs Market: IOC's earnings (10.7% per year) are forecast to grow slower than the Indian market (18% per year).
High Growth Earnings: IOC's earnings are forecast to grow, but not significantly.
Revenue vs Market: IOC's revenue (1.4% per year) is forecast to grow slower than the Indian market (11.3% per year).
High Growth Revenue: IOC's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IOC's Return on Equity is forecast to be low in 3 years time (15.1%).
Next Steps
Past Performance
How has Indian Oil performed over the past 5 years?
15.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: IOC's earnings have grown by 15.8% per year over the past 5 years.
Accelerating Growth: IOC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IOC had negative earnings growth (-42.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (10.6%).
Return on Equity
High ROE: IOC's Return on Equity (12%) is considered low.
Return on Assets
ROA vs Industry: IOC's Return on Assets is below or equal to the Oil and Gas industry average last year.
Return on Capital Employed
ROCE Improving: IOC's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Indian Oil's financial position?
Financial Position Analysis
Short Term Liabilities: IOC's short term assets (₹1,297.8B) do not cover its short term liabilities (₹1,607.2B)
Long Term Liabilities: IOC's short term assets (1,297.8B) exceeds its long term liabilities (600.9B)
Debt to Equity History and Analysis
Debt Level: IOC's debt to equity ratio (81.6%) is considered high
Reducing Debt: IOC's debt to equity ratio has reduced from 121.8% to 81.6% over the past 5 years.
Debt Coverage: IOC's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: IOC's interest payments on its debt are well covered by EBIT (11.6x coverage).
Balance Sheet
Inventory Level: IOC has a high level of physical assets or inventory.
Debt Coverage by Assets: IOC's debt is covered by short term assets (assets are 1.391630x debt).
Next Steps
Dividend
What is Indian Oil's current dividend yield, its reliability and sustainability?
6.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: IOC's dividend (6.35%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: IOC's dividend (6.35%) is in the top 25% of dividend payers in the Indian market (2.42%)
Stable Dividend: IOC's dividend payments have been volatile in the past 10 years.
Growing Dividend: IOC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.8%), IOC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IOC's dividends in 3 years are forecast to be well covered by earnings (46.2% payout ratio).
Next Steps
Management
What is the CEO of Indian Oil's salary, the management and board of directors tenure and is there insider trading?
1.7yrs
Average management tenure
CEO
Sanjiv Singh (59yo)
2.3yrs
Tenure
₹8,798,405
Compensation
Mr. Sanjiv Singh has been Chairman and Managing Director of Indian Oil Corporation Limited since June 1, 2017. Mr. Singh has been Whole-Time Director of Indian Oil Corporation Limited since July 1, 2014. H ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Sanjiv's total compensation is reasonable compared to companies of similar size in the Indian market.
Compensation vs Earnings: Sanjiv's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.7yrs
Average Tenure
58yo
Average Age
Experienced Management: IOC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Age and Tenure
2.1yrs
Average Tenure
58yo
Average Age
Experienced Board: IOC's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 122,964,424 |
| Max Price | ₹10.00 |
| Entity | Company |
| Shares | 37,203,876 |
| Max Price | ₹10.00 |
| Entity | Company |
| Shares | 261,374,221 |
| Max Price | ₹10.00 |
Ownership Breakdown
Management Team
Sanjiv Singh (59yo)
Chairman & MD
- Tenure: 2.3yrs
- Compensation: ₹8.80m
S. S. Ramakumar (56yo)
Director of Research & Development and Whole-Time Executive Director
- Tenure: 2.7yrs
- Compensation: ₹9.57m
Ranjan Mohapatra (54yo)
Director of HR & Whole-time Executive Director
- Tenure: 1.7yrs
- Compensation: ₹8.09m
Govind Satish (58yo)
Director of Planning & Business Development and Whole-Time Executive Director
- Tenure: 3.1yrs
- Compensation: ₹8.77m
Gurmeet Singh (58yo)
Director of Marketing & Whole-time Executive Director
- Tenure: 1.3yrs
- Compensation: ₹8.46m
Subrat Nayak
General Manager of Information Systems - Refinery Head Quarters
- Tenure: 0yrs
Kamal Gwalani
Compliance Officer & Company Secretary
- Tenure: 2.1yrs
- Compensation: ₹7.10m
Akshay Singh (58yo)
Director of Pipelines & Whole-time Executive Director
- Tenure: 1.2yrs
- Compensation: ₹5.06m
Sandeep Gupta
CFO & Director of Finance
- Tenure: 0.4yrs
Rohit Agrawala
General Manager of Corporate Finance
- Tenure: 0yrs
Board Members
Sanjiv Singh (59yo)
Chairman & MD
- Tenure: 2.3yrs
- Compensation: ₹8.80m
S. S. Ramakumar (56yo)
Director of Research & Development and Whole-Time Executive Director
- Tenure: 2.7yrs
- Compensation: ₹9.57m
Ranjan Mohapatra (54yo)
Director of HR & Whole-time Executive Director
- Tenure: 1.7yrs
- Compensation: ₹8.09m
Govind Satish (58yo)
Director of Planning & Business Development and Whole-Time Executive Director
- Tenure: 3.1yrs
- Compensation: ₹8.77m
Samirendra Chatterjee (66yo)
Independent Non-Executive Director
- Tenure: 2.1yrs
- Compensation: ₹640.00k
Gurmeet Singh (58yo)
Director of Marketing & Whole-time Executive Director
- Tenure: 1.3yrs
- Compensation: ₹8.46m
Sankar Chakraborti (48yo)
Independent Non-Executive Director
- Tenure: 2.1yrs
- Compensation: ₹840.00k
Parindu Bhagat (66yo)
Independent Non-Executive Director
- Tenure: 3.8yrs
- Compensation: ₹1.12m
Jagdish Kishwan (66yo)
Independent Non-Executive Director
- Tenure: 2.1yrs
- Compensation: ₹1.00m
Akshay Singh (58yo)
Director of Pipelines & Whole-time Executive Director
- Tenure: 1.2yrs
- Compensation: ₹5.06m
Company Information
Indian Oil Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Indian Oil Corporation Limited
- Ticker: IOC
- Exchange: NSEI
- Founded: 1959
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: ₹1.333t
- Shares outstanding: 9.16b
- Website: https://www.iocl.com
Number of Employees
Location
- Indian Oil Corporation Limited
- 3079/3, J.B. Tito Marg
- Sadiq Nagar
- New Delhi
- Delhi
- 110049
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 530965 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jul 1996 |
| IOC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jul 1996 |
Biography
Indian Oil Corporation Limited, together with its subsidiaries, engages in the refining, pipeline transportation, and marketing of petroleum products in India. It is also involved in the exploration and pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 12:50 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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 here.