Indian Oil Corporation Limited

Indian Oil Corporation Limited (IOC) is a large-cap Oil Gas & Consumable Fuels company valued at ₹1.84 lakh crore operating in Refineries & Marketing on the NSE and BSE.

Recent price move

Indian Oil Corporation Limited last traded at ₹130.38, modestly up 1.20% on the day.

Recent developments

On 2026-10-06, the IOC announced a roadmap for the 2036 Olympics, setting October 31 as the deadline for new interested parties. On 2026-09-30, the company's Gujarat refinery reached 18-MTPA crude capacity, and shares of IOC and other oil companies rose due to positive sentiment around crude oil prices. The same day, the IOC board approved a gas pipeline project in Kerala with an estimated cost of ₹2,448.70 crore.

Financial performance

The company's annual revenue rose 3.5% year-over-year, but the latest quarter saw revenue jump 38.5% compared to the same quarter a year earlier. Net profit surged 216.8% annually, but the latest quarter ended with a net loss of ₹1,141 crore, a sharp swing from a net profit of ₹6,808 crore in the same quarter last year. The net profit margin expanded 3.7 percentage points to 5.6%, while return on equity and return on capital employed remained strong at 19.2% and 18.7%, respectively.

Valuation multiples

The stock trades at 4.3 times earnings, 0.87 times book value. It yields 6.1%.

Things to watch

The latest quarter ended with a net loss of ₹1,141 crore, a sharp contrast to the net profit of ₹6,808 crore in the same quarter last year. The stock is 33.1% below its 52-week high, and the company's revenue growth slowed to -2.3% over the past three years, despite a strong 16.6% five-year growth rate.

Where it stands

The company's annual net profit surged 216.8%, but the latest quarter ended with a net loss, highlighting a recent dip in profitability. The stock is 33.1% below its 52-week high, and the company's revenue growth has slowed in recent quarters. The latest quarter's net loss and the stock's distance from its high are the most significant reported figures.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.