Indian Oil Corporation Limited
IOC · Oil & Gas · NSE
₹141
Current Market Price
Fair Value (DCF)
₹157
Discount to FV
+11.2%
Updated 9m ago
YieldIQ Score
50/100
Piotroski F-Score
4/9
Economic Moat
Narrow
Confidence
35%
ROE
19.2%
Debt/Equity
0.60
WACC
11.5%
Market Cap
₹1.99 Lakh Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
24.0%
Return on capital employed
EV / EBITDA
3.8×
Enterprise multiple
Debt / EBITDA
1.6×
Leverage vs earnings
Interest Coverage
7.9×
EBIT covers interest
Current Ratio
0.74×
Short-term liquidity
Asset Turnover
1.48×
Revenue per ₹ of assets
Revenue CAGR (3Y)
-1.8%
3-year revenue growth
Revenue CAGR (5Y)
8.3%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹140.94
Bear case
Margin of Safety —
Implied upside -100.0%
Base case
Margin of Safety +9.2%
Implied upside +10.1%
Bull case
Margin of Safety +30.0%
Implied upside +42.8%
Ratio Trends
IOC · last 9 annual periods
ROE
19.2%
ROCE
24.0%
Operating Margin
—
Debt / Equity
0.60×
PE
4.5×
EV / EBITDA
3.8×
Historical Financials
IOC · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹586.0K Cr | ₹827.5K Cr | ₹772.8K Cr | ₹758.1K Cr | ₹784.4K Cr | +7.6% |
| EBITDA | ₹50.9K Cr | ₹34.9K Cr | ₹80.7K Cr | ₹43.1K Cr | ₹84.2K Cr | +13.4% |
| EBIT | ₹38.5K Cr | ₹21.7K Cr | ₹63.6K Cr | — | — | +13.4% |
| PAT | ₹25.1K Cr | ₹9792 Cr | ₹41.7K Cr | ₹13.6K Cr | ₹42.1K Cr | +13.8% |
| EPS (diluted) | ₹27.34 | ₹7.11 | ₹30.30 | — | — | +2.6% |
| CFO | ₹25.7K Cr | ₹29.6K Cr | ₹71.1K Cr | ₹34.5K Cr | ₹76.1K Cr | +31.1% |
| CapEx | ₹-23.5K Cr | ₹-32.8K Cr | ₹-37.2K Cr | ₹-35.0K Cr | ₹-28.4K Cr | — |
| FCF | ₹2290 Cr | ₹-3206 Cr | ₹34.0K Cr | ₹-515 Cr | ₹47.8K Cr | +113.7% |
| Total Assets | ₹410.6K Cr | ₹441.7K Cr | ₹482.4K Cr | ₹506.9K Cr | ₹529.0K Cr | +6.5% |
| Total Debt | ₹132.0K Cr | ₹149.0K Cr | ₹132.6K Cr | ₹152.3K Cr | ₹131.8K Cr | -0.0% |
| Shareholders' Equity | ₹133.5K Cr | ₹139.7K Cr | ₹183.4K Cr | ₹186.5K Cr | ₹219.5K Cr | +13.2% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
IOC vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
 BPCL Bharat Petroleum Corporation Limited | -12.6%-11.2% upside | 43 | Near Fair Value | 25.8% | 4.6× |
 HINDPETRO Hindustan Petroleum Corporation Limited | +53.7%+116.1% upside | 40 | Below Fair Value | 27.5% | 4.0× |
 PETRONET Petronet LNG Limited | -0.1%-0.1% upside | 38 | Near Fair Value | 17.6% | — |
 MRPL Mangalore Refinery and Petrochemicals Limited | -71.8%-41.8% upside | 17 | Data Limited | 13.6% | — |
 AEGISLOG Aegis Logistics Limited | -65.3%-39.5% upside | 35 | Above Fair Value | 14.8% | — |
Click a ticker to view its fair-value analysis.
Dividend History
22 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹34.40/sh
Last payout
2026-03-12
₹2.00
Peak payout
₹7.00
Trailing yield
7.10%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Indian Oil Corporation Limited (IOC.NS) trades at 140.94 vs a model fair value of 156.75, a gap of 11.2%. Piotroski F-score: 4/9. Moat la...
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Risk profile of IOC →
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Analyse IOCNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.