Indian Oil Corporation
- Market cap
- ₹ 1,82,164 Cr.
- P/E
- 5.5x
- P/B
- 0.82x
- 52-week range
- 124.92 – 188.96
- ROE
- 20%
- ROCE
- 19%
- Dividend yield
- 6.3%
- Debt / equity
- 0.6
- Sector
- Petroleum Products
- Industry
- Refineries & Marketing
- Listed on
- NSE, BSE
About
Indian Oil Corporation Limited is an India-based oil company. The Company's segments include Petroleum Products, Petrochemicals, Gas, and Other Business Activities. Its Other Business Activities segment includes oil and gas exploration activities, explosives and cryogenic business, and wind mill and solar power generation. Its business interests span the entire hydrocarbon value-chain, ranging from refining (downstream), pipeline transportation and marketing to exploration and production of petrochemicals, natural gas and alternative energy. Its downstream business includes city gas distribution (CGD), natural gas supply to bulk consumers, and distribution and marketing of LPG and Industrial Fuels. Its green energy portfolio focuses on CBG and sustainable aviation fuel (SAF). It owns and operates approximately 10 refineries across India. Its subsidiaries include Chennai Petroleum Corporation Limited, IndianOil (Mauritius) Limited, IOC Sweden AB, and IndOil Global B.V., among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Refineries & Marketing: 13 companies →Indian Oil Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)5.5 against a typical 20.9: cheaper than most peers (1st = cheapest).2nd of 13
- Sales growth+38.5% against a typical +33.3% from a year earlier.4th of 9
- Profit growth−116.8% against a typical −13.8% from a year earlier.8th of 10
- Share price, 3 months−7.1% against a typical −6.5%.8th of 13
- Size₹ 1,82,164 Cr. market value against a typical ₹ 368.6 Cr. (1st = largest).2nd of 11
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 3 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AAA / CARE A1+ | Stable | 8 Oct 2026 |
| CRISIL | Crisil AAA | Stable | 23 Sep 2026 |
| India Ratings | Withdrawn | Stable | 29 Jun 2026 |
| ICRA | [ICRA]AAA | Stable | 18 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Oct 2026 | Reaffirmed | CARE AAA / CARE A1+ | — | CARE | ₹ 57,750 Cr. | |
| 23 Sep 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 1,36,525 Cr. | |
| 20 Aug 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 1,36,525 Cr. | |
| 29 Jun 2026 | Withdrawn | was IND AAA | — | India Ratings | ₹ 53,290 Cr. | |
| 18 May 2026 | Reaffirmed | [ICRA]AAA | — | ICRA | ₹ 60,000 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 31 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 18 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 6 Mar 2026 | Dividend | To consider declaration of 2nd interim dividend for the financial year 2025-2026. |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Dec 2025 | Dividend | To consider declaration of interim dividend for the financial year 2025-2026. |
| 27 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,79,246 | 1,99,906 | 1,98,650 | 1,93,845 | 1,74,976 | 1,94,014 | 1,95,270 | 1,92,341 | 1,78,628 | 2,05,157 | 2,08,289 | 2,66,407 |
| Expenses | 1,56,075 | 1,83,172 | 1,86,675 | 1,83,923 | 1,71,509 | 1,86,442 | 1,80,241 | 1,79,073 | 1,62,383 | 1,82,412 | 1,83,485 | 2,62,345 |
| Operating Profit | 23,171 | 16,733 | 11,975 | 9,921 | 3,467 | 7,573 | 15,029 | 13,267 | 16,245 | 22,745 | 24,804 | 4,062 |
| OPM % | 13% | 8% | 6% | 5% | 2% | 3.9% | 8% | 7% | 9% | 11% | 12% | 1.5% |
| Other Income | 829 | 1,916 | 1,686 | 1,102 | 2,556 | 1,936 | 1,519 | 1,732 | 1,356 | 1,627 | 2,424 | 1,143 |
| Interest | 1,977 | 1,958 | 2,147 | 2,080 | 2,546 | 2,458 | 2,178 | 2,070 | 2,270 | 2,088 | 1,880 | 1,730 |
| Depreciation | 3,610 | 4,686 | 4,094 | 4,103 | 4,065 | 4,284 | 4,325 | 4,179 | 4,227 | 4,457 | 5,557 | 4,408 |
| Profit before tax | 18,413 | 12,005 | 7,420 | 4,841 | −589 | 2,766 | 10,045 | 8,750 | 11,104 | 17,827 | 19,791 | −933 |
| Tax % | 26% | 23% | 26% | 23% | −24% | 22% | 17% | 22% | 26% | 24% | 23% | 22% |
| Net Profit | 13,713 | 9,225 | 5,488 | 3,723 | −449 | 2,147 | 8,368 | 6,808 | 8,191 | 13,502 | 15,176 | −1,141 |
| EPS in Rs | 9.29 | 6.39 | 3.65 | 2.5 | −0.12 | 1.5 | 5.75 | 4.83 | 5.54 | 9.21 | 10.24 | −1.15 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 17%
- 3 Years
- −2%
- TTM
- 13%
- 10 Years
- 14%
- 5 Years
- 14%
- 3 Years
- 62%
- TTM
- 111%
- 10 Years
- 4%
- 5 Years
- 15%
- 3 Years
- 14%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 16%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indian Oil Corporation | ₹ 130.15 | ₹ 1,82,164 Cr. | 5.5x | 0.8x | 20% | — |
| Gujarat Natural Resources | ₹ 88.07 | ₹ 1,351 Cr. | 155.3x | 6.1x | 5.5% | 32.4% |
| Bharat Petroleum Corporation | ₹ 281.25 | ₹ 1,22,019 Cr. | 5.2x | 1.4x | 28.5% | 4.9% |
Management
- Arvinder Singh Sahney
- Chairman of the Board, Director of Marketing
- Anuj Jain
- Finance Director, Whole Time Director
- Kamal Kumar Gwalani
- Compliance Officer, Company Secretary
- Saumitra Priya Srivastava
- Director - Marketing, Executive Director
- Rashmi Govil
- Director - Human Resources, Whole-Time Director
- Arvind Kumar
- Director - Refineries, Director - Pipelines, Whole-Time Director
- Suman Kumar
- Director - Planning & Business Development, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.