IOC
OVERVALUEDIndian Oil Corporation
Oil & Gas · NSE
↓ 100.3% vs fair value
52W Low
₹122
+9.6% from low
52W High
₹189
-29.0% from high
Valuation Gauge
Current Price
₹134
Fair Value
₹67
Fair Value Analysis
₹67
Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | Sector-cheap: P/E at 23th percentile vs sector peers. | CAUTION: ROCE declining (latest 10.6%) — returns on capital are falling; verify this isn't a value trap. | COVID-resilient: PAT dropped from ₹17274Cr (FY2019) to ₹-1876Cr (FY2020) during COVID but has fully recovered.
Cash Flow Analysis
40% weight
Balance Sheet Value
20% weight
EV/EBITDA Multiple
40% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Mixed Signals
Profitability
ROE of 8.1% is acceptable for Oil & Gas sector (benchmark: 10%)
Debt & Leverage
D/E ratio of 0.7x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 11.6x trades at a significant premium to Oil & Gas sector median (8x)
Cash Flow
Negative FCF of ₹-151 Cr — company is consuming more cash than it generates
Earnings Growth
5yr EPS CAGR of -18.5% — earnings are declining (sector avg growth: 14.6%)
Dividend
Dividend yield of 7.4% provides strong shareholder returns (benchmark: 3.0%)
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
1.4%
Free cash flow / market cap
Revenue Growth (YoY)
+1.8%
Year-on-year revenue change
Profit Growth (YoY)
+83.0%
Year-on-year PAT change
Operating Cash Flow
₹34.7K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹11.6
P/E Ratio
11.6x
P/B Ratio
1x
ROE
8.1%
ROCE
9.3%
Debt / Equity
0.73x
Beta
0.94
Div Yield
7.5%
FCF (Cr)
₹-151 Cr
Revenue (Cr)
₹7,54,568 Cr
EPS Growth 5Y
-18.5%
Mkt Cap (Cr)
₹1,89,408 Cr
52W High
₹189
52W Low
₹122.4
Book Value/Share
₹134.4
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹771.4K Cr | ₹67.3K Cr | 9.0% | ₹36.9K Cr | ₹25.33 |
| 2025-03-31 | ₹758.1K Cr | ₹36.0K Cr | 5.0% | ₹13.8K Cr | ₹9.63 |
| 2024-03-31 | ₹776.4K Cr | ₹75.7K Cr | 10.0% | ₹43.2K Cr | ₹29.55 |
| 2023-03-31 | ₹841.8K Cr | ₹30.7K Cr | 4.0% | ₹11.7K Cr | ₹6.93 |
| 2022-03-31 | ₹589.3K Cr | ₹47.8K Cr | 8.0% | ₹25.7K Cr | ₹17.78 |
| 2021-03-31 | ₹363.9K Cr | ₹39.9K Cr | 11.0% | ₹21.8K Cr | ₹15.32 |
| 2020-03-31 | ₹483.8K Cr | ₹16.1K Cr | 3.0% | ₹-1.9K Cr | ₹-0.63 |
| 2019-03-31 | ₹528.2K Cr | ₹35.3K Cr | 7.0% | ₹17.3K Cr | ₹12.31 |
| 2018-03-31 | ₹421.5K Cr | ₹41.7K Cr | 10.0% | ₹22.6K Cr | ₹15.23 |
| 2017-03-31 | ₹355.4K Cr | ₹34.1K Cr | 10.0% | ₹20.4K Cr | ₹13.63 |
| 2016-03-31 | ₹346.0K Cr | ₹22.0K Cr | 6.0% | ₹12.4K Cr | ₹8.25 |
| 2015-03-31 | ₹449.5K Cr | ₹10.6K Cr | 2.0% | ₹4.9K Cr | ₹3.37 |
| 2014-03-31 | ₹488.3K Cr | ₹17.2K Cr | 4.0% | ₹7.0K Cr | ₹4.86 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Oil & Gas| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Gulf Oil Lubricants India Limited | ₹891 | ₹1,626.9 | +45.2% | 12.7 | 21.1% | UNDERVALUED |
GP Petroleums Limited | ₹28.7 | ₹44.1 | +35.0% | 5.4 | 7.4% | UNDERVALUED |
Magadh Sugar & Energy Limited | ₹493 | ₹640.5 | +23.0% | 8 | 13.9% | UNDERVALUED |
Oil and Natural Gas Corporation | ₹281.4 | ₹330.7 | +14.9% | 9.5 | 12.2% | FAIRLY_VALUED |
Avadh Sugar & Energy Limited | ₹499 | ₹534.5 | +6.6% | 12.8 | 8.0% | FAIRLY_VALUED |
GAIL India | ₹143.4 | ₹146.9 | +2.3% | 10.9 | 9.8% | FAIRLY_VALUED |
Hindustan Petroleum Corporation Limited | ₹328.9 | ₹333.1 | +1.3% | 4.5 | 12.3% | FAIRLY_VALUED |
Mahanagar Gas | ₹966.6 | ₹849.5 | -13.8% | 9.9 | 17.0% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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