StoxGud Sign in
60

Indian Oil Corporation Ltd.

NSE: IOC · Oil Gas & Consumable Fuels

₹146.25+1.21%06 Nov 2026

Ask the data

Instant answers about Indian Oil Corporation Ltd. — computed from its filings, no language model
Market cap₹2,06,523 cr
Current price₹146.25
High / Low₹187 / ₹125
P/E4.4
P/B0.89
Book value₹165.2
ROE20.3%
ROCE18.9%
Debt / equity0.60
Dividend yield6.63%
EPS (TTM)₹33.45
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY19FY20FY21FY22FY23FY24FY25FY26
Revenue6,17,2435,76,5895,20,2377,36,7319,51,4108,81,2358,59,3639,01,453
EBITDA35,22416,40540,58547,74230,69975,59135,99177,062
Operating margin5.7%2.8%7.8%6.5%3.2%8.6%4.2%8.5%
Interest4,8886,5793,5895,4237,5417,8269,2628,308
Depreciation8,5079,85510,94112,34813,18115,86616,77718,420
Profit before tax24,543-8,54329,55433,05314,17655,74215,30354,497
Tax8,653-5,3008,9898,5623,33314,1273,27513,795
Net profit17,377-89321,63825,1029,79241,73013,59842,096
EPS ₹18.41-0.9723.5727.347.1130.309.8730.57
Operating cash flow———24,57029,64471,09934,69976,142
Capex———22,80432,60037,17534,85028,363
Dividend paid———10,8963,30610,9739,54513,702
Total assets3,35,1573,29,7373,54,9164,10,6254,41,7624,82,3625,06,8675,28,955
Equity58,212-5591,11,8381,33,5351,39,7201,83,4161,86,4872,19,518

Quarterly performance

last 33 quarters · ₹ crore
showing latest 8 of 33 periods
JUN '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue1,51,8141,54,9691,63,3251,47,1351,52,4961,34,7691,46,9521,42,37290,1061,16,7131,47,8101,65,6071,56,5191,71,7871,99,3752,09,0492,33,0142,32,3032,30,7122,25,4102,05,2832,26,8922,23,6502,19,8641,98,6162,19,5222,21,3602,21,8492,06,4472,36,2572,36,8992,81,9332,68,039
Operating profit13,0627,2363,55511,3688,5743,7607,184-3,1116,25810,1929,79414,34011,49911,19610,77414,2733,2774,30417,69923,71623,32816,57611,9709,9203,4677,57315,02913,26716,24522,74524,8044,06233,797
Operating margin8.6%4.7%2.2%7.7%5.6%2.8%4.9%-2.2%6.9%8.7%6.6%8.7%7.3%6.5%5.4%6.8%1.4%1.9%7.7%10.5%11.4%7.3%5.4%4.5%1.7%3.4%6.8%6.0%7.9%9.6%10.5%1.4%12.6%
Other income5637183341,0996144494791,2486701,1589597134998591,1435817871,5731,2156155061,2681,4545337231,0221,2385836441,1601,775446674
Interest1,1531,3519981,3861,6501,4531,4442,0321,3323207341,2031,3831,1141,1191,8061,5542,1221,9571,7432,1351,8002,1472,0802,5462,4582,1782,0702,2702,0881,8801,7302,499
Depreciation1,9612,0742,1372,3332,3812,3602,4622,6532,6132,6562,7232,9492,9313,0123,1123,2923,2833,4513,2883,4763,6104,6864,0944,1034,0654,2844,3254,1794,2274,4575,5574,4084,430
Profit before tax10,5114,5297548,7485,1573963,757-17,8522,9838,3737,29610,9017,6837,9297,6869,755-77330413,66919,11118,09011,3587,1834,270-1,2642,5329,7657,60210,39217,36019,142-1,63027,542
Tax3,6191,5784393,0161,8593121,280-8,7518542,3413,4692,3241,8902,1161,7552,802384-4282,9174,7154,7002,7801,9321,118-1406191,6771,9422,9134,3254,6152085,688
Net profit7,1763,3149656,0053,7384682,684-7,7832,2276,0264,3599,0266,1106,2046,1436,646-99277310,29014,43713,1149,0305,1493,528-1702,1158,1246,8147,81813,00714,458-1,63121,408
EPS ₹7.483.501.026.364.070.512.92-8.482.436.564.759.836.656.766.697.24-0.720.567.4710.489.536.563.742.56-0.121.545.904.955.689.4410.50-1.1815.54
Revenue YoY————0.4%-13.0%-10.0%-3.2%-40.9%-13.4%0.6%16.3%73.7%47.2%34.9%26.2%35.6%16.5%10.4%—-11.9%-2.3%-3.1%-2.5%-3.2%-3.2%-1.0%0.9%3.9%7.6%7.0%27.1%29.8%
Profit YoY————-47.9%-85.9%178.1%-229.6%-40.4%1187.6%62.4%—174.3%3.0%40.9%-26.4%-116.0%-87.4%54.8%——1067.8%-50.0%-75.6%-101.3%-76.6%57.8%93.1%—514.9%78.0%-123.9%173.8%

Earlier results (standalone, Sep '07 – Mar '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Indian Oil Corporation Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†
Revenue2,91,8112,69,1363,28,8804,34,5554,47,0964,73,3964,37,5263,50,6034,45,4055,06,425
Operating profit-6,11415,30613,29918,72313,74315,79210,14720,08231,81339,663
Operating margin-2.1%5.7%4.0%4.3%3.1%3.3%2.3%5.7%7.1%7.8%
Other income17,2773,5543,0143,1983,5153,2314,1442,2464,1773,417
Interest3,9521,5262,6705,5916,4095,0843,4353,0003,4453,448
Depreciation2,8823,2274,5474,8685,2015,7604,5294,8536,2237,067
Profit before tax4,32914,1069,0963,7545,6489,9267,99515,84026,32132,564
Tax1,3793,8861,650-2006432,9062,7225,4407,21511,218
Net profit2,95010,2217,4453,9555,0057,0195,27310,39919,10621,346

Quarters

showing latest 8 of 43 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†
Revenue49,78658,96064,36474,87386,46670,53459,93859,18060,97070,41078,57771,92477,33680,89798,7231,01,28589,1851,15,6421,28,44496,8971,06,0011,15,5181,28,6811,10,4671,10,3901,17,6721,34,8671,24,9571,11,6641,07,07493,8321,01,30785,38583,46280,4501,07,2011,00,2741,15,6451,22,2851,28,1901,10,6371,30,8651,36,733
Operating profit-1,241-2,131-6,914-12,567-5,8893,3838,9584,9996141,0478,646-2,6666,8903,2925,783-1,862-5,32211,15814,749-19,94211,5625,37216,752-1,1663,653-34213,6473,697-356-2,4779,28410,1016955,2424,04413,6845,7727,9494,4098,0007,37313,26911,021
Operating margin-2.5%-3.6%-10.7%-16.8%-6.8%4.8%14.9%8.4%1.0%1.5%11.0%-3.7%8.9%4.1%5.9%-1.8%-6.0%9.6%11.5%-20.6%10.9%4.7%13.0%-1.1%3.3%-0.3%10.1%3.0%-0.3%-2.3%9.9%10.0%0.8%6.3%5.0%12.8%5.8%6.9%3.6%6.2%6.7%10.1%8.1%
Other income7,6326,4457,42914,2765211,8186621,5048486785238838627894804045843481,8616188479571,0934924581,6825981,8174579109593625776506574708547932,0591,2285881,353248
Interest3343884926149931,5058403343484094365715087238671,0381,4841,5651,5041,8491,5111,6731,3771,4701,3541,2629989141,0399295535927296101,0686806159971,1547187736551,303
Depreciation6766666926736777288047607818008871,0351,1181,1781,2161,2231,2641,2841,0971,2781,2861,3241,3131,3861,4341,4541,4871,4957301,2211,0831,1431,1291,1691,4111,4351,5051,5541,7291,7211,6971,7151,934
Profit before tax5,3903,260-670422-7,0382,9687,9765,4103345177,846-3,3886,1262,1794,179-3,719-7,4862,48812,470-22,4519,6113,33215,155-3,0931,684-96112,2963,551-1,278-3,2859,0089,200-1604,5852,21512,0394,5076,1913,5856,7885,49112,2528,033
Tax1,5721,169-2557991,3541,72749-1802,2890832545274000-2000006430002,9061,028-380-6482,7222,7641691,5299793,7701,3852,196-1362,2391,7954,3692,815
Net profit3,8182,091-414415-7,0472,9596,6233,6832846975,557-3,3885,2941,6353,905-3,719-7,4862,48812,670-22,4519,6113,33214,513-3,0931,684-9619,3902,523-898-2,6376,2856,436-3293,0571,2368,2693,1223,9953,7214,5493,6967,8835,218
EPS ₹32.0217.53-3.483.48-59.1024.8154.5630.342.342.8722.89-13.9621.806.7316.08-15.37-30.8310.2552.19-92.4739.5913.7259.77-12.746.94-3.9638.6710.39-3.70-10.8625.8926.51-1.3612.595.0934.906.588.437.859.607.8016.635.51
Revenue YoY————73.7%19.6%-6.9%-21.0%-29.5%-0.2%31.1%21.5%26.8%14.9%25.6%40.8%15.3%42.9%30.1%-4.3%18.9%-0.1%0.2%14.0%4.1%1.9%4.8%13.1%1.2%-9.0%-30.4%-18.9%-23.5%-22.1%-14.3%5.8%17.4%38.6%52.0%19.6%10.3%13.2%11.8%
Profit YoY————-284.6%41.5%—787.2%—-76.5%-16.1%-192.0%1761.7%134.7%-29.7%—-241.4%52.2%224.5%——33.9%14.5%—-82.5%-128.9%-35.3%—-153.4%—-33.1%155.1%——-80.3%28.5%—30.7%201.1%-45.0%18.4%97.3%40.2%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 27 periods
MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE30.0%24.1%19.2%22.2%————19.3%22.8%23.0%24.6%18.8%17.5%23.1%28.1%22.8%16.8%9.7%5.9%7.3%9.1%12.6%18.1%19.2%15.3%20.3%
ROCE19.5%16.3%13.6%15.9%-1.6%-3.6%1.9%4.2%15.0%17.2%17.3%17.7%15.0%13.7%21.0%24.8%20.1%15.5%8.7%6.4%7.3%8.2%11.4%15.6%17.9%15.2%18.9%
Net margin2.8%2.3%1.9%2.2%-0.2%-0.5%0.6%1.0%4.2%4.4%4.0%4.0%3.4%2.7%4.3%5.3%4.7%3.5%2.0%1.2%1.6%2.0%2.9%4.0%4.7%3.5%4.6%
EBITDA margin5.7%5.0%4.6%5.3%2.8%2.7%4.1%4.7%7.8%7.8%7.3%6.9%6.5%5.3%7.7%9.2%8.6%7.1%4.8%3.8%4.2%4.6%6.0%7.6%8.5%7.1%8.3%
Debt / equity1.591.591.591.59————0.970.970.970.970.931.070.690.690.720.720.900.900.820.820.740.740.600.600.60
Interest coverage6.024.563.744.04-0.30-0.710.471.189.2310.418.628.107.095.387.439.158.126.013.512.382.653.014.376.247.566.688.61
Asset turnover1.841.841.781.731.751.561.501.511.471.651.811.951.792.091.951.941.831.821.701.691.701.701.681.721.701.821.77

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 17 periods
MAR '14‡MAR '15‡MAR '16‡MAR '17‡MAR '19‡MAR '20‡MAR '21‡MAR '22‡SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital—2,4282,3704,7399,1819,1819,1819,18113,77213,77213,77213,77213,77213,77213,77213,77213,772
Other equity / reserves—66,40487,61097,35749,031-9,7401,02,6571,24,3541,13,2211,25,9491,53,0451,69,6451,67,5941,72,7161,83,3172,05,7462,19,486
Total equity67,75968,83289,9801,02,09658,212-5591,11,8381,33,5351,26,9931,39,7201,66,8161,83,4161,81,3651,86,4871,97,0892,19,5182,33,257
Borrowings—58,15448,14958,83092,7121,25,9681,08,9261,23,5501,59,7401,48,9771,15,4181,32,6281,63,4011,52,2711,46,6811,31,8221,39,960
Current liabilities1,04,2281,04,22884,4161,12,8961,60,721—1,62,1751,92,1552,33,4162,06,6472,03,0912,16,3852,43,2912,30,5992,25,3272,11,1702,40,718
Non-current liabilities59,61059,61055,73456,664——82,28185,36691,71391,88983,51977,79581,38285,22889,18192,20295,950
Total assets2,33,7432,33,6732,31,5552,73,5613,35,1573,29,7373,54,9164,10,6254,54,9594,41,7624,57,6234,82,3625,10,3105,06,8675,16,4725,28,9555,77,161
Property, plant & equipment—76,04799,2741,14,9731,29,6471,44,0761,53,6981,57,1951,65,4191,76,5321,83,9531,92,1601,95,0391,97,1622,02,5872,04,4732,07,578
Capital work-in-progress—36,71822,01912,99323,40129,62932,95344,05043,86447,55051,64257,31766,31673,74077,24282,89783,436
Investments—16,06931,18543,6878,5198,2919,2838,01350,55152,19056,66465,54270,17867,21870,85873,29868,729
Inventories—49,91742,25765,88477,12667,01183,4271,11,7371,40,2251,21,1081,22,2461,21,3761,28,1081,13,8781,11,7661,17,1331,54,779
Receivables—7,6457,6848,89915,80813,25913,78218,70017,06716,27112,73813,83114,93618,55119,16614,63524,970
Cash & equivalents—1,2217353309331,4357811,1771,2939966491,2471,1986735601,833619

Cash flow

annual · ₹ crore · line = free cash flow
showing latest 5 of 8 periods
FY16‡FY17‡FY18‡FY22FY23FY24FY25FY26
Cash from operations25,62428,21629,08224,57029,64471,09934,69976,142
Cash from investing-13,610-17,684-17,119-21,178-28,030-31,464-31,848-22,274
Cash from financing-11,890-10,937-11,974-2,997-1,794-39,385-3,425-52,672
Capex5,2655,44210,52722,80432,60037,17534,85028,363
Free cash flow20,36022,77418,5551,767-2,95633,923-15147,779
Dividends paid———10,8963,30610,9739,54513,702

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹2,07,578 cr36%
CWIP
₹83,436 cr14%
Investments
₹68,729 cr12%
Inventories
₹1,54,779 cr27%
Receivables
₹24,970 cr4%
Cash & equivalents
₹619 cr0%
Other assets
₹37,050 cr6%

Peer comparison

largest in Oil Gas & Consumable Fuels · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Reliance Industries Ltd.17,86,3561,320.0021.81.898.7%
Oil & Natural Gas Corporation Ltd.2,91,561231.765.90.7312.4%
Coal India Ltd.2,46,509400.007.41.9326.2%
Indian Oil Corporation Ltd.2,06,523146.254.40.8920.3%
Bharat Petroleum Corporation Ltd.1,36,680319.908.61.3515.6%
GAIL (India) Ltd.1,22,159185.799.71.2613.1%
Hindustan Petroleum Corporation Ltd.82,379387.15—1.56-4.9%
Oil India Ltd.72,205443.908.61.2414.4%
Adani Total Gas Ltd.63,282575.4098.612.2212.4%
Petronet LNG Ltd.47,550317.0019.91.969.9%

StoxGud checklist: Neutral setup · 6/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+12.5%
6 months-0.4%
1 year-10.3%
3Y CAGR+13.9%
5Y CAGR+9.3%
10Y CAGR+3.3%
50-day avg₹133.87
200-day avg₹145.00
RSI (14)82

Long-term financials (FY10–FY10)

from published annual reports
YearRevenueProfit before taxNet profit
FY10₹2,62,947 Cr₹15,049 Cr₹10,999 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Indian Oil Corporation Ltd. with

FAQs

What is the share price of Indian Oil Corporation Ltd.?

Indian Oil Corporation Ltd. (IOC) closed at ₹146.25 on NSE on 06 Nov 2026.

What is the market cap of Indian Oil Corporation Ltd.?

₹2,06,523 crore at the latest close.

What is the P/E ratio of Indian Oil Corporation Ltd.?

4.4, on trailing-twelve-month earnings from its filings.

How fast is Indian Oil Corporation Ltd. growing?

Indian Oil Corporation Ltd.: revenue has compounded at -1.8% a year over three years; net profit at 62.6% a year. Latest-quarter revenue is up 29.8% year on year, profit up 173.8%.

How profitable is Indian Oil Corporation Ltd.?

On a trailing-twelve-month basis return on equity is 20.3%, return on capital employed 18.9%, operating margin 8.3%, net margin 4.6%.

How much debt does Indian Oil Corporation Ltd. have?

Indian Oil Corporation Ltd. is moderately geared: debt to equity is 0.60 with borrowings of ₹1,39,960 cr against cash of ₹619 cr (balance sheet of 2026-09-30). Operating profit covers interest 8.6 times.

Financials parsed from Indian Oil Corporation Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '18, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.