Executive Summary
Indian Oil Corporation Limited, together with its subsidiaries, engages in the refining, pipeline transportation, and marketing of petroleum products in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Imperfect balance sheet with limited growth.
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
Stable Share Price: IOC is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IOC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.1%
IOC
-1.0%
IN Oil and Gas
0.3%
IN Market
1 Year Return
-35.4%
IOC
2.3%
IN Oil and Gas
7.0%
IN Market
Return vs Industry: IOC underperformed the Indian Oil and Gas industry which returned 3.3% over the past year.
Return vs Market: IOC underperformed the Indian Market which returned 8.9% over the past year.
Shareholder returns
| IOC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | -1.0% | 0.3% |
| 30 Day | 9.6% | -0.3% | 9.0% |
| 90 Day | -2.5% | -6.7% | 8.8% |
| 1 Year | -32.2%-35.4% | 6.1%2.3% | 8.9%7.0% |
| 3 Year | -48.3%-56.5% | 28.2%15.2% | 5.1%0.009% |
| 5 Year | 2.3%-20.5% | 110.7%73.3% | 51.8%40.4% |
Long-Term 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
4 weeks ago | Simply Wall St
Indian Oil's (NSE:IOC) Stock Price Has Reduced 63% In The Past Three Years2 months ago | Simply Wall St
Indian Oil Corporation Limited's (NSE:IOC) Intrinsic Value Is Potentially 24% Below Its Share Price3 months ago | Simply Wall St
Consider This Before Buying Indian Oil Corporation Limited (NSE:IOC) For The 7.6% DividendValuation
Is Indian Oil undervalued compared to its fair value and its price relative to the market?
24.91x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IOC (₹85.75) is trading above our estimate of fair value (₹53.13)
Significantly Below Fair Value: IOC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IOC is poor value based on its PE Ratio (25x) compared to the IN Oil and Gas industry average (19.2x).
PE vs Market: IOC is poor value based on its PE Ratio (25x) compared to the Indian market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: IOC is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: IOC is good value based on its PB Ratio (0.8x) compared to the IN Oil and Gas industry average (1x).
Next Steps
Future Growth
How is Indian Oil forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
18.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IOC's forecast earnings growth (16.2% per year) is above the savings rate (7.2%).
Earnings vs Market: IOC's earnings (16.2% per year) are forecast to grow slower than the Indian market (24.2% per year).
High Growth Earnings: IOC's earnings are forecast to grow, but not significantly.
Revenue vs Market: IOC's revenue (17.3% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: IOC's revenue (17.3% 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 (12.7%).
Next Steps
Past Performance
How has Indian Oil performed over the past 5 years?
-29.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IOC has a large one-off loss of ₹114.5B impacting its September 30 2020 financial results.
Growing Profit Margin: IOC's current net profit margins (0.8%) are lower than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: IOC's earnings have declined by 29.4% 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 (-71.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-27.5%).
Return on Equity
High ROE: IOC's Return on Equity (2.5%) is considered low.
Next Steps
Financial Health
How is Indian Oil's financial position?
Financial Position Analysis
Short Term Liabilities: IOC's short term assets (₹1,087.4B) do not cover its short term liabilities (₹1,498.6B).
Long Term Liabilities: IOC's short term assets (₹1,087.4B) exceed its long term liabilities (₹753.7B).
Debt to Equity History and Analysis
Debt Level: IOC's debt to equity ratio (85.4%) is considered high.
Reducing Debt: IOC's debt to equity ratio has increased from 71.8% to 85.4% over the past 5 years.
Debt Coverage: IOC's debt is not well covered by operating cash flow (20%).
Interest Coverage: IOC's interest payments on its debt are well covered by EBIT (10.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Indian Oil current dividend yield, its reliability and sustainability?
8.25%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IOC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IOC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IOC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IOC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IOC is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IOC's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Indian Oil has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO, Director of Finance & Director | 1.25yrs | ₹4.28m | no data | |
| Compliance Officer & Company Secretary | 3.17yrs | ₹5.70m | no data | |
| Director of Marketing & Whole-Time Executive Director | 2.33yrs | ₹6.82m | 0.000020% ₹ 157.5k | |
| Director of Human Resources & Whole-Time Executive Director | 2.75yrs | ₹6.66m | 0.00010% ₹ 787.3k | |
| Director of Planning & Business Development and Whole-Time Executive Director | 4.17yrs | ₹6.61m | 0.000020% ₹ 157.5k | |
| Director of Research & Development and Whole-Time Executive Director | 3.75yrs | ₹7.46m | 0.00010% ₹ 787.3k | |
| Director of Pipelines & Whole-Time Executive Director | 2.25yrs | ₹6.50m | no data | |
| Executive Director of Operations | no data | no data | no data | |
| Executive Director of Corporate Finance & Treasury - Corporate Office | no data | no data | no data | |
| General Manager of Information Systems - Refinery Head Quarters | no data | no data | no data | |
| Executive Director of Corporate Communications - Corporate Office | no data | no data | no data | |
| Executive Director of Corporate Communications & Branding - Marketing | no data | no data | no data |
2.5yrs
Average Tenure
59yo
Average Age
Experienced Management: IOC's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO, Director of Finance & Director | 1.25yrs | ₹4.28m | no data | |
| Director of Marketing & Whole-Time Executive Director | 2.33yrs | ₹6.82m | 0.000020% ₹ 157.5k | |
| Director of Human Resources & Whole-Time Executive Director | 2.75yrs | ₹6.66m | 0.00010% ₹ 787.3k | |
| Director of Planning & Business Development and Whole-Time Executive Director | 4.17yrs | ₹6.61m | 0.000020% ₹ 157.5k | |
| Director of Research & Development and Whole-Time Executive Director | 3.75yrs | ₹7.46m | 0.00010% ₹ 787.3k | |
| Director of Pipelines & Whole-Time Executive Director | 2.25yrs | ₹6.50m | no data | |
| Chairman | 0.33yr | ₹2.37m | 0.00018% ₹ 1.4m | |
| Non-Executive Government Director | 1.5yrs | no data | no data | |
| Independent Director | 1.33yrs | ₹360.00k | no data | |
| Independent Director | 1yr | ₹160.00k | no data | |
| Government Nominee Director | 0.67yr | no data | no data |
1.5yrs
Average Tenure
57yo
Average Age
Experienced Board: IOC's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: ₹787.274b
- Shares outstanding: 9.18b
- Website: https://www.iocl.com
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 | 2020/11/26 12:06 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.