Indian Oil Corporation Ltd
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI[1] that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.[2]
- Market Cap ₹ 1,25,792 Cr.
- Current Price ₹ 89.1
- High / Low ₹ 91.4 / 65.2
- Stock P/E 15.2
- Book Value ₹ 95.7
- Dividend Yield 9.46 %
- ROCE 6.31 %
- ROE 6.20 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.93 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 49.9%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Refineries Industry: Refineries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
398,477 | 447,096 | 473,210 | 437,524 | 347,176 | 359,942 | 424,039 | 527,701 | 485,660 | 378,058 | 598,164 | 839,472 | |
380,015 | 433,289 | 457,429 | 427,348 | 327,478 | 328,134 | 384,311 | 493,844 | 466,811 | 339,964 | 554,888 | 817,220 | |
Operating Profit | 18,462 | 13,807 | 15,781 | 10,176 | 19,698 | 31,809 | 39,727 | 33,857 | 18,850 | 38,093 | 43,276 | 22,253 |
OPM % | 5% | 3% | 3% | 2% | 6% | 9% | 9% | 6% | 4% | 10% | 7% | 3% |
-4,249 | 3,521 | 5,025 | 5,806 | 5,053 | 4,201 | 3,415 | 3,129 | -7,750 | 4,551 | 4,320 | 6,235 | |
Interest | 5,591 | 6,479 | 5,121 | 3,458 | 3,106 | 3,465 | 3,511 | 4,344 | 6,028 | 3,124 | 4,857 | 6,930 |
Depreciation | 4,868 | 5,201 | 5,760 | 4,529 | 4,819 | 6,223 | 7,067 | 7,514 | 8,766 | 9,804 | 11,006 | 11,859 |
Profit before tax | 3,754 | 5,648 | 9,926 | 7,995 | 16,827 | 26,321 | 32,564 | 25,127 | -3,694 | 29,716 | 31,733 | 9,698 |
Tax % | -5% | 11% | 29% | 34% | 33% | 27% | 34% | 33% | 136% | 27% | 24% | 15% |
Net Profit | 3,955 | 5,005 | 7,019 | 5,273 | 11,242 | 19,106 | 21,346 | 16,894 | 1,313 | 21,836 | 24,184 | 8,242 |
EPS in Rs | 2.71 | 3.44 | 4.82 | 3.62 | 7.72 | 13.12 | 14.65 | 11.96 | 0.93 | 15.46 | 17.13 | 5.84 |
Dividend Payout % | 31% | 30% | 30% | 30% | 30% | 47% | 93% | 52% | 297% | 50% | 48% | 51% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | 20% |
TTM: | 40% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | -17% |
3 Years: | -13% |
TTM: | -66% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | -5% |
3 Years: | 14% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,428 | 2,428 | 2,428 | 2,428 | 2,370 | 4,739 | 9,479 | 9,181 | 9,181 | 9,181 | 9,181 | 13,772 | |
Reserves | 55,449 | 58,696 | 63,564 | 65,542 | 85,765 | 94,989 | 100,692 | 99,476 | 84,588 | 101,319 | 122,105 | 120,986 |
75,400 | 80,834 | 86,218 | 55,245 | 52,880 | 54,820 | 58,030 | 86,359 | 116,545 | 102,327 | 119,463 | 141,550 | |
76,583 | 86,195 | 99,488 | 96,794 | 79,623 | 104,794 | 112,693 | 119,334 | 100,962 | 121,416 | 137,804 | 143,649 | |
Total Liabilities | 209,860 | 228,153 | 251,697 | 220,009 | 220,638 | 259,343 | 280,895 | 314,583 | 311,276 | 334,243 | 388,553 | 419,956 |
59,847 | 60,633 | 62,949 | 66,251 | 91,347 | 107,879 | 113,927 | 118,708 | 133,682 | 143,400 | 146,889 | 167,275 | |
CWIP | 13,688 | 26,230 | 33,879 | 36,324 | 21,025 | 10,738 | 14,348 | 23,599 | 29,738 | 33,052 | 44,446 | 47,201 |
Investments | 18,678 | 18,671 | 23,594 | 23,899 | 37,181 | 47,305 | 47,488 | 49,940 | 39,139 | 48,619 | 57,787 | 57,519 |
117,647 | 122,619 | 131,275 | 93,534 | 71,084 | 93,421 | 105,131 | 122,336 | 108,718 | 109,172 | 139,432 | 147,961 | |
Total Assets | 209,860 | 228,153 | 251,697 | 220,009 | 220,638 | 259,343 | 280,895 | 314,583 | 311,276 | 334,243 | 388,553 | 419,956 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2,760 | 11,611 | 22,050 | 44,529 | 22,944 | 27,799 | 26,457 | 12,422 | 7,190 | 48,784 | 21,177 | 20,985 | |
-12,250 | -8,338 | -17,837 | -8,648 | -12,417 | -14,734 | -15,779 | -20,771 | -26,882 | -21,058 | -20,097 | -25,286 | |
14,022 | -3,076 | -2,108 | -38,374 | -10,367 | -13,275 | -10,678 | 8,334 | 20,189 | -27,948 | -684 | 3,954 | |
Net Cash Flow | -987 | 196 | 2,105 | -2,493 | 160 | -209 | 1 | -15 | 497 | -222 | 396 | -347 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 9 | 8 | 6 | 8 | 9 | 9 | 11 | 10 | 13 | 11 | 7 |
Inventory Days | 59 | 54 | 56 | 43 | 49 | 80 | 70 | 59 | 56 | 97 | 75 | 55 |
Days Payable | 28 | 27 | 31 | 27 | 28 | 39 | 35 | 31 | 22 | 42 | 31 | 23 |
Cash Conversion Cycle | 39 | 36 | 34 | 21 | 29 | 50 | 43 | 39 | 43 | 68 | 55 | 38 |
Working Capital Days | 37 | 38 | 30 | 6 | 1 | -13 | -4 | 7 | 6 | -4 | 6 | 11 |
ROCE % | 14% | 9% | 9% | 7% | 14% | 20% | 22% | 16% | 7% | 16% | 16% | 6% |
Documents
Announcements
- Formation Of Joint Venture Company - Indianoil NTPC Green Energy Private Limited. 1d
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Secretarial Compliance Report for the year ended 31st March 2023.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Newspaper advertisement - Extract of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2023
- Compliance Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 For The Half Year Ended March 31, 2023 17 May
- Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March 2023 16 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Aug 2018TranscriptPPT
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Nov 2016TranscriptPPT
Refining Capacity
The Largest Refining Company in India. The company owns 11 refineries across India with a total capacity of 80.60 MMTPA. It possess 32% of total refining capacity of India.[1]
Two of its refineries in Chennai are owned by its subsidiary Chennai Petroleum Corporation Ltd[2] of which the company owns 52% stake.[3]
Market share of more than 32% share in the domestic refining sector as on June 30, 2022[4]