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 ₹ 112,405 Cr.
- Current Price ₹ 79.6
- High / Low ₹ 90.7 / 65.2
- Stock P/E 15.2
- Book Value ₹ 90.2
- Dividend Yield 10.6 %
- ROCE 15.6 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.88 times its book value
- Stock is providing a good dividend yield of 10.6%.
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 10.6% over past five years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
309,797 | 408,923 | 461,780 | 488,345 | 449,507 | 346,045 | 355,379 | 421,492 | 528,158 | 483,763 | 363,950 | 589,336 | 813,176 | |
295,154 | 389,402 | 447,919 | 471,123 | 438,932 | 324,007 | 321,230 | 379,834 | 492,896 | 467,710 | 324,021 | 542,717 | 785,903 | |
Operating Profit | 14,643 | 19,521 | 13,861 | 17,222 | 10,575 | 22,038 | 34,149 | 41,658 | 35,262 | 16,053 | 39,929 | 46,619 | 27,272 |
OPM % | 5% | 5% | 3% | 4% | 2% | 6% | 10% | 10% | 7% | 3% | 11% | 8% | 3% |
3,421 | -4,268 | 3,499 | 5,064 | 5,860 | 5,219 | 4,356 | 4,331 | 4,097 | -7,165 | 4,696 | 4,318 | 4,474 | |
Interest | 3,017 | 5,948 | 7,164 | 5,948 | 4,201 | 3,487 | 3,743 | 3,875 | 4,925 | 5,792 | 2,933 | 4,301 | 7,390 |
Depreciation | 4,933 | 5,309 | 5,692 | 6,360 | 5,219 | 5,698 | 6,806 | 7,664 | 8,506 | 10,273 | 10,941 | 12,348 | 13,185 |
Profit before tax | 10,114 | 3,995 | 4,504 | 9,978 | 7,014 | 18,072 | 27,956 | 34,450 | 25,927 | -7,177 | 30,751 | 34,289 | 11,170 |
Tax % | 20% | -7% | 19% | 30% | 31% | 31% | 27% | 34% | 33% | 74% | 29% | 25% | |
Net Profit | 8,086 | 4,265 | 3,627 | 6,967 | 4,872 | 12,413 | 20,385 | 22,626 | 17,274 | -1,876 | 21,762 | 25,727 | 7,952 |
EPS in Rs | 5.38 | 2.90 | 3.05 | 4.86 | 3.37 | 8.25 | 13.63 | 15.23 | 12.31 | -0.63 | 15.32 | 17.78 | 4.36 |
Dividend Payout % | 30% | 30% | 36% | 30% | 33% | 28% | 45% | 90% | 49% | -437% | 51% | 46% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 11% |
3 Years: | 4% |
TTM: | 52% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 13% |
TTM: | -73% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | -7% |
3 Years: | 14% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,428 | 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 | 55,147 | 57,945 | 60,609 | 65,485 | 66,404 | 87,610 | 97,357 | 104,395 | 103,288 | 86,217 | 102,657 | 124,354 | 113,221 |
57,763 | 80,015 | 89,671 | 94,916 | 64,893 | 58,552 | 63,271 | 65,650 | 96,765 | 129,790 | 116,649 | 132,020 | 159,740 | |
69,263 | 79,438 | 89,170 | 103,124 | 100,158 | 83,184 | 108,352 | 116,336 | 126,128 | 104,773 | 126,658 | 145,327 | 168,226 | |
Total Liabilities | 184,601 | 219,827 | 241,878 | 265,953 | 233,883 | 231,715 | 273,719 | 295,860 | 335,363 | 329,962 | 355,145 | 410,882 | 454,959 |
62,681 | 64,586 | 66,707 | 69,724 | 72,844 | 95,761 | 112,031 | 119,937 | 127,223 | 141,594 | 151,287 | 154,420 | 172,374 | |
CWIP | 10,866 | 15,450 | 27,240 | 38,061 | 40,378 | 26,219 | 16,778 | 19,130 | 28,281 | 32,845 | 36,291 | 47,469 | 43,864 |
Investments | 18,647 | 17,588 | 17,351 | 15,895 | 16,069 | 31,185 | 43,687 | 44,806 | 44,112 | 35,571 | 44,717 | 52,352 | 50,551 |
92,407 | 122,203 | 130,580 | 142,273 | 104,592 | 78,551 | 101,222 | 111,987 | 135,746 | 119,952 | 122,851 | 156,641 | 188,170 | |
Total Assets | 184,601 | 219,827 | 241,878 | 265,953 | 233,883 | 231,715 | 273,719 | 295,860 | 335,363 | 329,962 | 355,145 | 410,882 | 454,959 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6,819 | -763 | 9,340 | 24,195 | 46,092 | 25,624 | 28,216 | 29,115 | 12,747 | 7,146 | 49,650 | 24,570 | |
-8,090 | -13,056 | -9,294 | -18,594 | -10,215 | -13,610 | -17,684 | -17,119 | -22,569 | -29,101 | -22,935 | -21,178 | |
1,211 | 13,103 | 352 | -3,116 | -38,283 | -11,890 | -10,937 | -12,007 | 10,436 | 22,456 | -27,369 | -2,997 | |
Net Cash Flow | -61 | -716 | 398 | 2,485 | -2,406 | 124 | -405 | -11 | 614 | 502 | -653 | 395 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 10 | 10 | 9 | 6 | 8 | 9 | 9 | 11 | 10 | 14 | 12 |
Inventory Days | 74 | 64 | 59 | 61 | 46 | 54 | 87 | 77 | 64 | 59 | 111 | 84 |
Days Payable | 39 | 33 | 30 | 34 | 29 | 31 | 41 | 40 | 34 | 24 | 49 | 37 |
Cash Conversion Cycle | 43 | 42 | 39 | 36 | 23 | 31 | 55 | 46 | 41 | 45 | 76 | 59 |
Working Capital Days | 28 | 39 | 43 | 31 | 5 | 2 | -11 | -3 | 9 | 7 | -2 | 9 |
ROCE % | 12% | 14% | 8% | 9% | 6% | 14% | 20% | 22% | 16% | 5% | 15% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9h - Copy of the press release, being issued by the Company titled 'IndianOil Board approves setting up Paradip Petrochemical Complex Marks the largest-ever investment of IndianOil …
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In-Principle Approval For Setting Up Paradip Petrochemical Complex At Paradip, Odisha.
1d - The Board of lndianOil at its meeting held on 21st March 2023 has accorded 'in-principle' approval to carry out pre project activities including preparation of …
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Copy of the press release, being issued by the Company titled 'IndianOil and NTPC Green Energy Limited (100% subsidiary of NTPC Limited) to form Joint …
- Formation Of Wholly Owned Subsidiary To Undertake Low Carbon, New, Clean & Green Energy Businesses. 15 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Mar
Annual reports
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Financial Year 2022
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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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]