IOC
Indian Oil Corporation Limited (IOC) Stock Analysis
Indian Oil Corporation Limited is India's largest oil marketing and refining company, selling fuels through vast retail networks. It refines crude, transports products, and expands petrochemicals and gas businesses. The company is central to India's energy supply. It is a mega-cap listed PSU.
Energy › Oil & Gas Refining & Marketing
₹130.40
+3.19% 1W | -15.70% 52W
Market Cap
184.1k CR
P/E Ratio
5.3
52W High
₹189
52W Low
₹124.9
Div. Yield
2.52%
Beta
0.8
50 DMA
₹135.2
200 DMA
₹146
Profit Margin
3.9%
Inst. Own.
14.3%
⚡ APPROACHING SUPPORT
⚡ APPROACHING SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | 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 | 198,551 | 179,246 | 199,906 | 198,650 | 193,845 | 174,976 | 194,014 | 195,270 | 192,341 | 178,628 | 205,157 | 208,289 | 266,407 |
| Expenses | 174,851 | 156,075 | 183,172 | 186,675 | 183,923 | 171,509 | 186,442 | 180,241 | 179,073 | 162,383 | 182,412 | 183,485 | 262,345 |
| Operating Profit | 23,700 | 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 % | 12% | 13% | 8% | 6% | 5% | 2.0% | 3.9% | 8% | 7% | 9% | 11% | 12% | 1.5% |
| Other Income | 970 | 829 | 1,916 | 1,686 | 1,102 | 2,556 | 1,936 | 1,519 | 1,732 | 1,356 | 1,627 | 2,424 | 1,143 |
| Interest | 1,743 | 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 | 3,476 | 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 | 19,450 | 18,413 | 12,005 | 7,420 | 4,841 | -589 | 2,766 | 10,045 | 8,750 | 11,104 | 17,827 | 19,791 | -933 |
| Tax % | 24% | 26% | 23% | 26% | 23% | -24% | 22% | 17% | 22% | 26% | 24% | 23% | 22% |
| Net Profit | 14,735 | 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 | 10.22 | 9.29 | 6.39 | 3.65 | 2.50 | -0.12 | 1.50 | 5.75 | 4.83 | 5.54 | 9.21 | 10.24 | -1.15 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 449,507 | 346,045 | 355,379 | 421,492 | 528,158 | 483,763 | 363,950 | 589,336 | 841,756 | 776,352 | 758,106 | 784,415 | 858,482 |
| Expenses | 438,932 | 324,007 | 321,230 | 379,834 | 492,896 | 467,710 | 324,021 | 542,717 | 811,073 | 700,702 | 722,066 | 707,308 | 790,626 |
| Operating Profit | 10,575 | 22,038 | 34,149 | 41,658 | 35,262 | 16,053 | 39,929 | 46,619 | 30,683 | 75,650 | 36,040 | 77,108 | 67,856 |
| OPM % | 2.4% | 6% | 10% | 10% | 7% | 3.3% | 11% | 8% | 3.6% | 10% | 4.8% | 10% | 8% |
| Other Income | 5,860 | 5,219 | 4,356 | 4,331 | 4,097 | -7,165 | 4,696 | 4,318 | 5,124 | 5,384 | 7,112 | 7,139 | 6,550 |
| Interest | 4,201 | 3,487 | 3,743 | 3,875 | 4,925 | 5,792 | 2,933 | 4,301 | 7,588 | 7,881 | 9,311 | 8,354 | 7,967 |
| Depreciation | 5,219 | 5,698 | 6,806 | 7,664 | 8,506 | 10,273 | 10,941 | 12,348 | 13,181 | 15,866 | 16,777 | 18,420 | 18,650 |
| Profit before tax | 7,014 | 18,072 | 27,956 | 34,450 | 25,927 | -7,177 | 30,751 | 34,289 | 15,038 | 57,288 | 17,063 | 57,472 | 47,789 |
| Tax % | 31% | 31% | 27% | 34% | 33% | -74% | 29% | 25% | 22% | 25% | 19% | 24% | |
| Net Profit | 4,872 | 12,413 | 20,385 | 22,626 | 17,274 | -1,876 | 21,762 | 25,727 | 11,704 | 43,161 | 13,789 | 43,677 | 35,728 |
| EPS in Rs | 3.37 | 8.25 | 13.63 | 15.23 | 12.31 | -0.63 | 15.32 | 17.78 | 6.93 | 29.55 | 9.63 | 29.81 | 23.84 |
| Dividend Payout % | 33% | 28% | 45% | 90% | 49% | -437% | 51% | 46% | 42% | 40% | 30% | 27% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | -2.0% | 17.0% | 9.0% |
| Profit CAGR | 62.0% | 14.0% | 14.0% |
Shareholding Pattern
Promoters51.50%
FIIs7.48%
DIIs10.29%
Public11.15%
Promoters51.50%
FIIs7.69%
DIIs10.42%
Public10.81%
Promoters51.50%
FIIs8.57%
DIIs10.00%
Public10.34%
Promoters51.50%
FIIs9.84%
DIIs9.10%
Public9.96%
Promoters51.50%
FIIs9.08%
DIIs9.52%
Public10.32%
Promoters51.50%
FIIs6.91%
DIIs11.92%
Public10.06%
Promoters51.50%
FIIs8.49%
DIIs10.23%
Public10.18%
Promoters51.50%
FIIs7.39%
DIIs9.97%
Public11.57%
Promoters51.50%
FIIs9.84%
DIIs9.10%
Public9.96%
Promoters51.50%
FIIs9.08%
DIIs9.52%
Public10.32%
IOC
Holdings Analysis
Key strengths & risk signals
53
Overall
63
Fundamental
44
Technical
Risks (4)
LOW MARGIN! 3.9% profit margin - thin profits.
WEAK POSITION! Current price (130.4) is below both moving averages.
WEAK YEAR! Stock declined 15.7% in the last year.
WEAK! Trading at 8.6% of 52W range - near yearly lows.
Strengths (3)
UNDERVALUED! PEG of 0.08 indicates stock is cheap relative to growth.
BELOW MARKET! Beta of 0.80 - slightly less volatile than market.
NEUTRAL! RSI at 46.1 - balanced momentum.
Fundamental & Technical Analysis
53Overall
63Fundamental
44Technical
Fundamental Breakdown
Growth Quality
17/30
Revenue CAGR: -2.2% (DECLINING, 2/15). Profit CAGR: 62.6% (EXCELLENT, 15/15).
Profit Margin
2/10
LOW MARGIN! 3.9% profit margin - thin profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.08 indicates stock is cheap relative to growth.
Dividend Yield
6/10
MODERATE DIVIDEND! 2.52% yield - some income benefit.
Debt to Equity
6/10
MODERATE DEBT! D/E of 0.80 - acceptable leverage.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 9.77% public ownership - strong promoter/institutional control.
Stability Index
2/10
CAUTION! Company made loss in last quarter. Be careful.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (135.2) is below 200-day average (146.0) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (130.4) is below both moving averages.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
2/10
WEAK YEAR! Stock declined 15.7% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 8,005,642 vs down days: 8,220,635. Ratio: 0.97x
RSI
3/5
NEUTRAL! RSI at 46.1 - balanced momentum.
52W Range
1/5
WEAK! Trading at 8.6% of 52W range - near yearly lows.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 3.2% (1 week), -3.2% (1 month), -8.0% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.80 - slightly less volatile than market.
Peer Comparison
Energy · Oil & Gas Refining & Marketing · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IOC | ₹130.40 | 5.3 | 3.9% | -2.2% | 62.6% | -15.7% | 53 | APPROACHING SUPPORT | -123.9% | -111.3% | +38.5% | +27.9% |
| BPCL | ₹293.50 | 7.3 | 3.5% | -1.2% | 129.7% | -12.6% | 57 | APPROACHING SUPPORT | -127.4% | -133.3% | +34.4% | +27.4% |
| HINDPETRO | ₹346.00 | 44.1 | 0.4% | 0.2% | – | -22.3% | 46 | APPROACHING RESISTANCE | -398.3% | -302.2% | +26.9% | +22.3% |
| AEGISLOG | ₹1,366.70 | 38.3 | 13.9% | -1.3% | 24.7% | +75.0% | 77 | CONSOLIDATING UP | +268.9% | +18.0% | +37.1% | -9.2% |
| PETRONET | ₹293.00 | 10.4 | 11.3% | -9.7% | 5.6% | +7.1% | 69 | APPROACHING RESISTANCE | +35.1% | -17.0% | -53.2% | -41.1% |
| MRPL | ₹172.70 | 6.9 | 2.9% | -6.7% | -10.2% | +24.1% | 54 | CONSOLIDATION | -449.4% | +708.3% | +120.4% | +59.7% |
| CHENNPETRO | ₹1,406.60 | 5 | 5.5% | -6.0% | -4.2% | +99.6% | 64 | BOUNCE FROM SUPPORT | -2,672.1% | -27.5% | +84.8% | +62.7% |
| RELIANCE | ₹1,211.20 | 21.9 | 6.6% | 6.4% | 6.6% | -14.2% | 57 | BOUNCE FROM SUPPORT | -22.4% | +23.4% | +27.0% | +5.2% |
Data from TradeAlone · Updated daily
