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NSE:IOC

INDIAN OIL CORP LTD

Oil Gas & Consumable Fuels › Petroleum Products·NIFTY 100NIFTY 200NIFTY 500NIFTY INDIA FPI 150+6
₹129.58
at close · 28 Oct 2026
▼ 2.17 (-1.65%)
ThemesElectric Vehicles· growingGreen Hydrogen· announced

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. IOC Q2 FY2026-27 results call scheduled for 31 October · Board & Shareholder Meetings
  2. CIN changed following updated industrial activity classification · Compliance
  3. Board meeting on 30 Oct 2026 to consider Q2 and H1 FY27 results · Results
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Refines crude oil into petroleum products such as gasoline, diesel, LPG and jet fuel, and markets them to retail, transport and industrial customers in India. Petroleum Products is the dominant segment, accounting for 91.5% of segment revenue, followed by Gas (4.8%), Petrochemicals (3.1%) and Other Business Activities (0.6%). The Paradip refinery recorded its highest-ever crude processing of 16.35 MMT in FY26, and Q1 FY27 refinery throughput across the company was 19.2 MMT at 109.4% capacity utilisation. Refinery expansion projects at Panipat, Gujarat and Barauni are 89-94% complete and targeted for commissioning by late 2026. The biggest cost is raw materials, principally crude oil, at 48.1% of revenue, with other operating expenses adding another 19.9%. The company is investing heavily, with Q1 FY27 capex of Rs 6,461 crore against an FY26-27 target of Rs 32,700 crore.

Revenue mix · reported segments
Petroleum Products91.5%
Gas4.8%
Petrochemicals3.1%
Other Business Activities0.6%
Operating scale
Q1 FY27 refinery throughput
19.2 MMT at 109.4% capacityQ1 FY27
Paradip refinery crude processing
16.35 MMT (highest ever)FY26
Refinery expansion progress
Panipat, Gujarat, Barauni 89-94% completeas of 2026-07-31
Q1 FY27 capex
Rs 6,461 CrQ1 FY27
FY26-27 capex target
Rs 32,700 CrFY26-27
Paradip cumulative investment
Rs 43,359 CrFY26
Who pays it
Indian retail consumers, transport operators and industrial buyers of fuels, gas and petrochemicals
Biggest cost
Raw materials, principally crude oil, at 48.1% of revenue
Kind of business
Cyclical, asset-heavy refining and marketing business
Where it sits
Classified under Refineries & Marketing within the Petroleum Products industry
Market Cap
₹1.83 L Cr
P / E (TTM)
5.3×
EV / EBITDA
4.3×
Div Yield
7.49%
Growth
11.6%▲
Revenue 5y CAGR
PAT +15.0% · EBITDA +13.0%
Quality
17.6%▲
ROCE (5y median)
ROE 19.0% (5y median) · margin 9.0%
Leverage
0.58·
Debt / Equity · moderate
Net debt ₹1.30 L Cr
Revenue FY21→FY26
1.7×▲
Margin +0.7 pts
₹5.20 L Cr → ₹9.01 L Cr
Cash conversion
1.71×▲
Operating cash ÷ profit · 5 yrs
₹2.36 L Cr on ₹1.38 L Cr
Moves on a normal day
0.93%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 12 Refineries & Marketing peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/13
P/B#2/12
ROCE#6/12
ROE#5/11
Debt / Equity#9/12
EBITDA margin#8/11
Revenue growth#3/8
Profit growth#7/9

Scorecard

Measured from the filed financials, judged against its Refineries & Marketing peers · as of FY26 — not investment advice

Strengths
Profit compounding 15% a year over 5 years
Returns on capital 17.6% (5-year median)
#6 of 12 in Refineries & Marketing on the latest reported figures · up from 17.2% in FY21
Over 5 years it reported ₹1.38 L Cr of profit and ₹2.36 L Cr of operating cash — 1.71×
Profit is converting into cash
Pays out 31% of profit as dividend
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

IOC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDIAN OIL CORP LTD's filed financials and exchange disclosures

What does INDIAN OIL CORP LTD do?

INDIAN OIL CORP LTD is a Petroleum Products company listed on NSE and BSE, trading under the symbol IOC.

Is INDIAN OIL CORP LTD profitable?

Yes. Over the trailing twelve months INDIAN OIL CORP LTD reported a net profit of ₹35,728 Cr on revenue of ₹9.62 L Cr.

Does INDIAN OIL CORP LTD pay a dividend?

Yes. The dividend yield is 7.49% at the current price. It paid out 31% of its profit as dividend in FY26.

Is INDIAN OIL CORP LTD debt-free?

No. It reported borrowings of ₹1.32 L Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1.30 L Cr after cash. Debt stands at 0.58× equity. That is higher than 73% of its 12 Refineries & Marketing peers.

Is INDIAN OIL CORP LTD expensive compared with its peers?

On trailing P/E, INDIAN OIL CORP LTD ranks 3 of 13 in Refineries & Marketing — cheaper than 83% of them, against an industry median of 8.0×. This is a position, not a valuation judgement.

How much does the INDIAN OIL CORP LTD share price move in a day?

On a typical session INDIAN OIL CORP LTD moves 0.93% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

When are INDIAN OIL CORP LTD's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track INDIAN OIL CORP LTD's announcements?

Every NSE and BSE filing by INDIAN OIL CORP LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.