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 ₹ 1,98,177 Cr.
- Current Price ₹ 140
- High / Low ₹ 197 / 97.6
- Stock P/E 11.6
- Book Value ₹ 128
- Dividend Yield 8.55 %
- ROCE 21.1 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.09 times its book value
- Stock is providing a good dividend yield of 8.55%.
- Company has delivered good profit growth of 19.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 42.6%
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
Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 BSE PSU
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
461,780 | 488,345 | 449,507 | 346,045 | 355,379 | 421,492 | 528,158 | 483,763 | 363,950 | 589,321 | 841,756 | 776,352 | 767,376 | |
447,919 | 471,123 | 438,932 | 324,007 | 321,230 | 379,834 | 492,896 | 467,710 | 324,021 | 541,563 | 811,073 | 700,706 | 725,443 | |
Operating Profit | 13,861 | 17,222 | 10,575 | 22,038 | 34,149 | 41,658 | 35,262 | 16,053 | 39,929 | 47,758 | 30,683 | 75,646 | 41,933 |
OPM % | 3% | 4% | 2% | 6% | 10% | 10% | 7% | 3% | 11% | 8% | 4% | 10% | 5% |
3,499 | 5,064 | 5,860 | 5,219 | 4,356 | 4,331 | 4,097 | -7,165 | 4,696 | 4,332 | 5,124 | 5,389 | 7,266 | |
Interest | 7,164 | 5,948 | 4,201 | 3,487 | 3,743 | 3,875 | 4,925 | 5,792 | 2,933 | 5,454 | 7,588 | 7,881 | 8,573 |
Depreciation | 5,692 | 6,360 | 5,219 | 5,698 | 6,806 | 7,664 | 8,506 | 10,273 | 10,941 | 12,348 | 13,181 | 15,866 | 16,948 |
Profit before tax | 4,504 | 9,978 | 7,014 | 18,072 | 27,956 | 34,450 | 25,927 | -7,177 | 30,751 | 34,289 | 15,038 | 57,288 | 23,677 |
Tax % | 19% | 30% | 31% | 31% | 27% | 34% | 33% | -74% | 29% | 25% | 22% | 25% | |
3,627 | 6,967 | 4,872 | 12,413 | 20,385 | 22,626 | 17,274 | -1,876 | 21,762 | 25,727 | 11,704 | 43,161 | 17,987 | |
EPS in Rs | 3.05 | 4.86 | 3.37 | 8.25 | 13.63 | 15.23 | 12.31 | -0.63 | 15.32 | 17.78 | 6.93 | 29.55 | 12.42 |
Dividend Payout % | 36% | 30% | 33% | 28% | 45% | 90% | 49% | -437% | 51% | 46% | 42% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 8% |
3 Years: | 29% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 19% |
3 Years: | 24% |
TTM: | -56% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 16% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2,428 | 2,428 | 2,428 | 2,370 | 4,739 | 9,479 | 9,181 | 9,181 | 9,181 | 9,181 | 13,772 | 13,772 | 13,772 |
Reserves | 60,609 | 65,485 | 66,404 | 87,610 | 97,357 | 104,395 | 103,288 | 86,217 | 102,657 | 124,354 | 125,949 | 169,645 | 167,594 |
89,671 | 94,916 | 64,893 | 58,552 | 63,271 | 65,650 | 96,765 | 129,790 | 116,649 | 132,020 | 148,977 | 132,628 | 163,401 | |
89,170 | 103,124 | 100,158 | 83,184 | 108,352 | 116,336 | 126,128 | 104,773 | 126,658 | 145,327 | 153,298 | 166,639 | 165,544 | |
Total Liabilities | 241,878 | 265,953 | 233,883 | 231,715 | 273,719 | 295,860 | 335,363 | 329,962 | 355,145 | 410,882 | 441,995 | 482,683 | 510,310 |
66,707 | 69,724 | 72,844 | 95,761 | 112,031 | 119,937 | 127,223 | 141,594 | 151,287 | 154,420 | 173,665 | 188,891 | 202,737 | |
CWIP | 27,240 | 38,061 | 40,378 | 26,219 | 16,778 | 19,130 | 28,281 | 32,845 | 36,291 | 47,469 | 51,133 | 61,032 | 66,316 |
Investments | 17,351 | 15,895 | 16,069 | 31,185 | 43,687 | 44,806 | 44,112 | 35,571 | 44,717 | 52,352 | 52,190 | 65,542 | 70,178 |
130,580 | 142,273 | 104,592 | 78,551 | 101,222 | 111,987 | 135,746 | 119,952 | 122,851 | 156,641 | 165,006 | 167,218 | 171,079 | |
Total Assets | 241,878 | 265,953 | 233,883 | 231,715 | 273,719 | 295,860 | 335,363 | 329,962 | 355,145 | 410,882 | 441,995 | 482,683 | 510,310 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9,340 | 24,195 | 46,092 | 25,624 | 28,216 | 29,115 | 12,747 | 7,146 | 49,650 | 25,747 | 29,644 | 71,099 | |
-9,294 | -18,594 | -10,215 | -13,610 | -17,684 | -17,119 | -22,569 | -29,101 | -22,935 | -21,294 | -28,030 | -31,464 | |
352 | -3,116 | -38,283 | -11,890 | -10,937 | -12,007 | 10,436 | 22,456 | -27,369 | -4,058 | -1,794 | -39,385 | |
Net Cash Flow | 398 | 2,485 | -2,406 | 124 | -405 | -11 | 614 | 502 | -653 | 395 | -180 | 250 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 9 | 6 | 8 | 9 | 9 | 11 | 10 | 14 | 12 | 7 | 6 |
Inventory Days | 59 | 61 | 46 | 54 | 87 | 77 | 64 | 59 | 111 | 84 | 59 | 70 |
Days Payable | 30 | 34 | 29 | 31 | 41 | 40 | 34 | 24 | 49 | 37 | 27 | 34 |
Cash Conversion Cycle | 39 | 36 | 23 | 31 | 55 | 46 | 41 | 45 | 76 | 59 | 40 | 42 |
Working Capital Days | 43 | 31 | 5 | 2 | -11 | -3 | 9 | 7 | -2 | 9 | 8 | 3 |
ROCE % | 8% | 9% | 6% | 14% | 20% | 22% | 16% | 5% | 15% | 16% | 8% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Schedule of Analyst/Investor Meet on November 12, 2024.
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Change In Senior Management
1 Nov - Superannuation of four senior executives at Indian Oil.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
28 Oct - Appointment of Statutory Auditors for 2024-25.
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Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half-Year Ended 30Th September 2024
28 Oct - Approved unaudited financial results for Q2 FY2024.
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Board Meeting Outcome for Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half-Year Ended 30Th September 2024
28 Oct - Approved unaudited financial results for Q2 FY2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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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
from bse
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Financial Year 2014
from bse
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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 nse
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Financial Year 2011
from bse
Concalls
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Mar 2023TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Aug 2018TranscriptPPT
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Nov 2016TranscriptPPT
Business Segments
1) Petroleum Products (94% in Q1 FY25 vs 95% in FY22): [1] [2] IOC has a 42% market share in Petroleum Oil and Lubricants with over 60,900 touch points. It owns 11 refineries across India with a total capacity of 80.80 MMTPA (including 10.5 MMTPA of subsidiaries), possessing 31% of the total refining capacity of India. [3] The company (ex-subsidiaries) achieved a crude throughput of 73 MMT in FY24 compared to 68 MMT in FY22. The segment revenue grew by 19% between FY22 and FY24. The refinery capacity utilization was 105% in FY24 vs 97% in FY22. [4]