Indian Oil Corporation Limited
Indian Oil Corporation Limited operates in Refineries & Marketing, part of the Oil Gas & Consumable Fuels sector. It booked ₹2.68 L cr of revenue in its latest quarter (Q2 FY27) and kept 8.0% of sales as profit. It is the 2nd largest of 7 Refineries & Marketing companies we track, by market value.
| Segment | FY20 | FY21 | FY22 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Petroleum Products | 5.55 | 4.97 | 7.02 | 8.33 | 8.04 | 8.42 | 95% → 92% |
| Gas | — | — | — | — | 0.42 | 0.45 | 5% |
| Petrochemicals | 0.16 | 0.19 | 0.28 | 0.26 | 0.28 | 0.28 | 3% → 3% |
| Other Business Activities | 0.16 | 0.13 | 0.24 | 0.40 | 0.05 | 0.05 | 3% → 1% |
| Total | 5.87 | 5.29 | 7.54 | 9.00 | 8.79 | 9.20 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 73% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 655–2,932 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 66
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in IOC?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹2.68 L cr |
| Other Income | ₹674 cr |
| Total Income | ₹2.69 L cr |
| Cost of Materials | ₹1.35 L cr |
| Purchases of Stock-in-Trade | ₹65,366 cr |
| Inventory Change (±) | ₹1,230 cr |
| Employee Benefit Expense | ₹2,928 cr |
| Finance Costs | ₹2,499 cr |
| Depreciation & Amortisation | ₹4,430 cr |
| Other Expenses | ₹29,472 cr |
| Total Expenses | ₹2.41 L cr |
| Profit before Tax | ₹27,542 cr |
| Tax Expense | ₹5,688 cr |
| Share of JV / Associates | ₹649 cr |
| Net Profit | ₹22,503 cr |
| Net margin on total income | 8.4% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 2.37 L cr | 2.82 L cr | 2.68 L cr |
| Total income | 2.39 L cr | 2.82 L cr | 2.69 L cr |
| Expenses | 2.20 L cr | 2.84 L cr | 2.41 L cr |
| Profit before tax | 19,142 cr | -1,630 cr | 27,542 cr |
| Tax | 4,615 cr | 209 cr | 5,688 cr |
| Net profit (owners' share) | 14,458 cr | -1,631 cr | 21,408 cr |
| Net margin (owners' share, on revenue) | 6.1% | -0.6% | 8.0% |
| EPS (₹) | 10.50 | -1.18 | 15.54 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Reliance Industries Limited | ₹1,308 | ₹17.70 L cr | 17.3 | 10.8% | 7.7% | — |
| Indian Oil Corporation Limitedthis company | ₹139 | ₹1.96 L cr | 2.2 | 36.7% | 8.0% | — |
| Bharat Petroleum Corporation Limited | ₹297 | ₹1.27 L cr | 6.5 | 19.2% | 3.1% | — |
| Hindustan Petroleum Corporation Limited | ₹353 | ₹75,006 cr | 5.2 | 27.5% | 2.6% | — |
| Mangalore Refinery and Petrochemicals Limited | ₹180 | ₹31,529 cr | 4.1 | 44.6% | 5.3% | — |
| Chennai Petroleum Corporation Limited | ₹1,541 | ₹22,941 cr | 2.5 | 66.1% | 10.2% | — |
| Kotyark Industries Limited | ₹38 | ₹435 cr | 17.5 | 12.5% | 9.4% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1.25 / share | 14 Aug 2026 |
| Dividend | ₹2 / share | 12 Mar 2026 |
| Dividend | ₹5 / share | 18 Dec 2025 |
| Dividend | ₹3 / share | 8 Aug 2025 |
| Dividend | ₹7 / share | 12 Jul 2024 |
| Dividend | ₹5 / share | 10 Nov 2023 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.