Indian Oil Corporation Ltd

About [ edit ]

Indian Oil Corporation is engaged in Refining, Pipeline Transportation and marketing of petrolium Product, to Reserch and Development Exploration & Production, Marketing of Natural gas and Petrochemicals.(Source : 201903 Annual Report Page No: 182)

  • Market Cap 92,306 Cr.
  • Current Price 98.0
  • High / Low 113 / 71.2
  • Stock P/E 6.11
  • Book Value 110
  • Dividend Yield 7.65 %
  • ROCE 4.95 %
  • ROE 4.16 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.89 times its book value

Cons

  • The company has delivered a poor sales growth of 1.50% over past five years.
  • Company has a low return on equity of 13.49% for last 3 years.
  • Promoter holding has decreased over last 3 years: -5.48%

Peer comparison

Sector: Refineries Industry: Refineries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
116,956 128,707 132,357 141,016 126,077 131,298 111,129 123,930 118,007 60,529 81,704 101,969
105,539 115,645 125,120 137,461 114,709 122,725 107,369 116,746 121,119 54,270 71,513 92,176
Operating Profit 11,418 13,062 7,237 3,556 11,368 8,573 3,759 7,184 -3,112 6,259 10,192 9,794
OPM % 10% 10% 5% 3% 9% 7% 3% 6% -3% 10% 12% 10%
Other Income 488 847 1,094 786 1,371 940 736 696 -9,521 891 1,290 1,235
Interest 1,344 1,153 1,351 998 1,386 1,650 1,453 1,444 2,032 1,332 320 734
Depreciation 2,134 1,961 2,074 2,137 2,333 2,381 2,360 2,462 2,653 2,613 2,656 2,723
Profit before tax 8,428 10,795 4,905 1,206 9,020 5,482 683 3,975 -17,317 3,204 8,506 7,572
Tax % 33% 34% 32% 36% 33% 34% 46% 32% 51% 27% 28% 46%
Net Profit 5,527 7,092 3,315 965 6,005 3,738 468 2,684 -7,783 2,227 6,026 4,359
EPS in Rs 5.69 7.30 3.41 0.99 6.38 3.97 0.50 2.85 -8.27 2.37 6.40 4.63
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
288,670 250,046 309,797 408,923 461,780 488,345 449,507 346,045 355,379 421,492 528,158 484,362 362,210
281,875 236,613 295,154 389,402 447,887 471,251 438,948 322,584 321,274 379,834 492,896 467,906 339,077
Operating Profit 6,795 13,433 14,643 19,521 13,892 17,094 10,559 23,461 34,105 41,658 35,262 16,456 23,133
OPM % 2% 5% 5% 5% 3% 4% 2% 7% 10% 10% 7% 3% 6%
Other Income 4,325 6,948 3,421 -4,268 3,468 5,192 5,876 3,796 4,399 4,331 4,097 -7,148 -6,105
Interest 4,282 1,777 3,017 5,948 7,164 5,948 4,201 3,487 3,743 3,875 4,925 6,630 4,418
Depreciation 3,189 3,555 4,933 5,309 5,692 6,360 5,219 5,698 6,806 7,664 8,506 9,855 10,645
Profit before tax 3,649 15,049 10,114 3,995 4,504 9,978 7,014 18,072 27,956 34,450 25,927 -7,177 1,965
Tax % 34% 27% 20% -7% 19% 30% 31% 31% 27% 34% 33% 74%
Net Profit 2,599 10,713 7,831 4,226 4,449 7,086 4,912 12,022 19,849 22,189 17,377 -893 4,829
EPS in Rs 2.73 11.03 8.06 4.35 4.58 7.30 5.06 12.38 20.44 22.85 18.46 -0.95 5.13
Dividend Payout % 36% 30% 30% 30% 36% 30% 33% 28% 45% 90% 49% -437%
Compounded Sales Growth
10 Years:7%
5 Years:2%
3 Years:11%
TTM:-26%
Compounded Profit Growth
10 Years:-9%
5 Years:3%
3 Years:-40%
TTM:17%
Stock Price CAGR
10 Years:2%
5 Years:0%
3 Years:-20%
1 Year:-7%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:13%
Last Year:4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1,214 2,428 2,428 2,428 2,428 2,428 2,428 2,370 4,739 9,479 9,181 9,181 9,181
Reserves 44,290 50,034 55,147 57,945 60,608 65,485 66,404 87,610 97,357 104,395 103,288 86,217 94,656
Borrowings 47,347 49,472 57,763 80,015 89,671 94,916 64,893 58,552 63,271 65,650 96,765 129,790 97,415
43,627 52,823 69,263 79,438 89,171 103,124 100,158 83,184 108,352 116,336 126,128 104,773 128,960
Total Liabilities 136,457 154,758 184,601 219,827 241,878 265,953 233,883 231,715 273,719 295,860 335,363 329,962 330,212
38,453 45,458 62,681 64,586 66,707 69,724 72,844 95,761 112,031 119,937 127,223 141,594 151,749
CWIP 19,169 22,810 10,866 15,450 27,240 38,061 40,378 26,219 16,778 19,130 28,281 32,845 31,868
Investments 31,324 21,430 18,647 17,588 17,351 15,895 16,069 31,185 43,687 44,806 44,112 35,571 35,889
47,511 65,061 92,407 122,203 130,580 142,273 104,592 78,551 101,222 111,987 135,746 119,952 110,706
Total Assets 136,457 154,758 184,601 219,827 241,878 265,953 233,883 231,715 273,719 295,860 335,363 329,962 330,212

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-21,341 -1,609 6,819 -763 9,340 24,195 46,092 25,624 28,216 29,115 12,747 8,653
18,337 3,595 -8,090 -13,056 -9,294 -18,594 -10,215 -13,610 -17,684 -17,119 -22,569 -29,097
2,949 -1,392 1,211 13,103 352 -3,116 -38,283 -11,890 -10,937 -12,007 10,436 20,945
Net Cash Flow -55 593 -61 -716 398 2,485 -2,406 124 -405 -11 614 502

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 18% 12% 14% 8% 9% 6% 14% 20% 22% 16% 5%
Debtor Days 6 8 9 10 10 9 6 8 9 9 11 10
Inventory Turnover 7.82 6.26 5.71 6.16 6.43 6.31 6.62 6.27 5.16 5.01 6.06 5.82

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
56.98 56.75 56.75 54.06 52.18 52.18 51.50 51.50 51.50 51.50 51.50 51.50
6.16 5.85 5.98 5.60 7.04 7.66 7.23 7.64 7.19 6.33 6.07 5.83
10.33 11.18 11.05 13.47 13.72 13.13 14.25 13.79 13.40 13.85 13.37 13.54
0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11
26.43 26.10 26.11 26.76 26.95 26.91 26.91 26.95 27.80 28.20 28.95 29.02

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