Global demand supply matrix in time of covid
The pandemic caused global demand for petroleum products to fall significantly in 2020. With restrictions on mobility due to the lockdown, global oil consumption fell by 8.7 mb/d to 91.0 mb/d in 2020, a fall of 8.7% compared to the previous year. Demand for transport fuel fell by 14% from 2019 levels. In April 2020, at the peak of the pandemic related restrictions, global oil demand fell by more than 20% compared to the pre-crisis levels. On the supply side, global oil production fell by 6.6 mb/d to 93.9 mb/d on account of the production cuts by OPEC+, coupled with lower output from the non- OPEC countries. Yet, the supply exceeded demand by 2.7 mb/d.
Balancing act
The Company?s approach for a climate compliant future is thus two-pronged. One, it is strengthen its core business by offering value-added petroleum products and meeting the national developmental agenda; two, it is exploring business opportunities in the low carbon domain. The Company is diversifying its product portfolio to offer a basket of clean and green energy solutions that contribute towards a more robust and energy secure India. Focus is also towards improving operational efficiencies through technology up-gradation and digitalisation.
Hydrogen ? The fuel of the future
At present, most of the hydrogen production globally is for feedstock for chemical and petrochemical industries. The Company?s refineries already have Hydrogen Generation Units, which underscores the inherent synergies with a hydrogen economy. The Company?s R&D Centre is pursuing research in this area with a vision to indigenously develop and commercialise the fuel cell stack/system and hydrogen production solutions targeting heavy duty mobility applications. The Company has undertaken extensive research in fuel cells and plans operating 15 fuel cell-based buses in the Delhi-NCR region. It is also assessing multiple hydrogen production pathways. Besides fuel cells, another focus area is HCNG, or hydrogenpurged CNG, which reduces tailpipe emissions and has fuel economy benefits. The Company recently launched the trial of 50 HCNG-fuelled buses in Delhi
Indian Oil Corp. - Indian Oil Corporation Share Price
- Open166.00
- High167.95
- Low165.62
- Prev Close165.63
- Volume1,90,14,104
- VWAP(₹)167.12
Indian Oil Corp. share price insights
Dividend Announcement
Company announced a dividend of Rs 7.0 per share on 30 Apr, 2024 with record date of 12 Jul, 2024.ROE Outperforming 5 Year Average
Company delivered ROE of 22.75% in year ending 31 Mar, 2024 outperforming its 5 year avg. of 14.67%. (Source: Consolidated Financials)Topline Contraction
Sales de-grew by 7.77%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)Buy Signal: Bulls on driving seat
50 day moving crossover appeared yesterday. Average price gain of 4.99% within 30 days of this signal in last 5 years.Indian Oil Corp. Share Price Update
Indian Oil Corporation Ltd. share price moved up by 1.23% from its previous close of Rs 165.63. Indian Oil Corporation Ltd. stock last traded price is 167.66
Share Price Value Today/Current/Last 167.66 Previous Day 165.63
Indian Oil Corp. Share Price Returns
| 1 Day | 1.23% |
| 1 Month | 3.24% |
| 3 Months | -0.94% |
| 1 Year | 83.64% |
| 3 Years | 133.84% |
| 5 Years | 65.84% |
Key Metrics
| PE Ratio(x) | 5.67 |
| EPS - TTM(₹) | 29.55 |
| MCap(₹ Cr.) | 2,36,757 |
| MCap Rank | 2 |
| PB Ratio(x) | 1.24 |
| Div Yield(%) | 7.16 |
| Face Value(₹) | 10.00 |
| 52W High(₹) | 196.80 |
| 52W Low(₹) | 85.50 |
| MCap/Sales | 0.30 |
| Beta(1 Month) | 1.33 |
| BV/Share(₹) | 133.25 |
Indian Oil Corp. Share Recommendations
29 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 6 |
| Buy | 6 | 6 | 5 | 8 |
| Hold | 6 | 6 | 5 | 7 |
| Sell | 8 | 7 | 7 | 3 |
| Strong Sell | 5 | 6 | 6 | 6 |
| # Analysts | 29 | 29 | 28 | 30 |
Indian Oil Corp. News & Analysis
Indian Oil Corp. Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 2,00,103.28 2,01,173.88 1,79,752.15 1,99,165.39 2,05,087.53 Total Income Growth (%) -0.53 11.92 -9.75 -2.89 -1.06 Total Expenses 1,90,773.07 1,88,016.28 1,59,526.90 1,78,310.94 1,89,461.07 Total Expenses Growth (%) 1.47 17.86 -10.53 -5.89 -7.52 EBIT 9,330.21 13,157.60 20,225.25 20,854.45 15,626.46 EBIT Growth (%) -29.09 -34.94 -3.02 33.46 544.10 Profit after Tax (PAT) 5,148.87 9,029.56 13,114.30 14,436.96 10,289.82 PAT Growth (%) -42.98 -31.15 -9.16 40.30 1,230.76 EBIT Margin (%) 4.66 6.54 11.25 10.47 7.62 Net Profit Margin (%) 2.57 4.49 7.30 7.25 5.02 Basic EPS (₹) 3.74 6.56 9.53 10.48 7.47 All figures in Rs Cr, unless mentioned otherwise
InsightsTopline Contraction
Sales de-grew by 7.77%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)Employee & Interest Expense
Company has spent 1.01% of its operating revenues towards interest expenses and 1.5% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Total Assets 4,82,362.00 4,41,762.09 4,10,624.85 3,54,915.92 3,29,736.83 Total Assets Growth (%) 9.19 7.58 15.70 7.64 -1.62 Total Liabilities 2,94,199.02 2,98,547.75 2,75,498.20 2,42,101.93 2,33,462.65 Total Liabilities Growth (%) -1.46 8.37 13.79 3.70 5.73 Total Equity 1,88,162.98 1,43,214.34 1,35,126.65 1,12,813.99 96,274.18 Total Equity Growth (%) 31.39 5.99 19.78 17.18 -15.80 Current Ratio (x) 0.73 0.77 0.76 0.72 0.69 Total Debt to Equity (x) 0.72 1.00 0.93 0.97 1.32 Contingent Liabilities 0.00 18,483.75 69,357.88 48,748.74 47,749.03 All figures in Rs Cr, unless mentioned otherwise
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 71,098.63 29,643.72 24,570.33 49,861.73 7,146.25 Net Cash used in Investing Activities -31,463.75 -28,029.56 -21,177.64 -24,244.89 -29,100.76 Net Cash flow from Financing Activities -39,384.64 -1,794.40 -2,997.29 -26,270.21 22,456.03 Net Cash Flow 250.24 -180.24 395.40 -653.37 501.52 Closing Cash & Cash Equivalent 1,246.59 996.35 1,176.59 781.24 1,434.61 Closing Cash & Cash Equivalent Growth (%) 25.12 -15.32 50.61 -45.54 53.72 Total Debt/ CFO (x) 1.87 4.73 5.03 2.18 17.63 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 31463.75 cr for investing activities which is an YoY increase of 12.25%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 22.75 7.00 18.79 19.34 -0.93 Return on Capital Employed (%) 23.90 9.23 17.61 17.19 5.55 Return on Assets (%) 8.65 2.21 6.11 6.09 -0.27 Interest Coverage Ratio (x) 10.15 4.63 9.37 9.23 1.42 Asset Turnover Ratio (x) 1.68 2.02 1.61 102.54 146.71 Price to Earnings (x) 5.54 10.96 4.35 3.90 -84.03 Price to Book (x) 1.26 0.77 0.82 0.75 0.79 EV/EBITDA (x) 4.60 7.13 4.58 4.34 10.17 EBITDA Margin (%) 10.23 4.14 8.62 12.11 4.05 InsightsROE Outperforming 5 Year Average
Company delivered ROE of 22.75% in year ending 31 Mar, 2024 outperforming its 5 year avg. of 14.67%. (Source: Consolidated Financials)
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y Indian Oil Corp. Stock Performance 1.23 3.24 7.06 -3.97 85.67 118.79 53.53 BPCL Stock Performance 0.20 -51.49 -48.57 -51.25 -15.27 -37.21 -24.43 HPCL Stock Performance -0.25 -38.35 -33.87 -34.85 26.35 10.30 6.39 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 118.78% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Energy
Stock generated 118.78% return as compared to Nifty Energy which gave investors 94.9% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 May 2024
SBI Balanced Advantage Direct-G
Hybrid: Dynamic Asset Allocation
715.21
Amount Invested (in Cr.)
2.38%
% of AUM
0.00
% Change (MoM basis)
BHARAT 22 ETF-G
Equity: Large Cap
546.38
Amount Invested (in Cr.)
2.98%
% of AUM
0.33
% Change (MoM basis)
487.20
Amount Invested (in Cr.)
1.01%
% of AUM
30.43
% Change (MoM basis)
Indian Oil Corp. Futures & Options
Date Price Open Interest 25-07-2024Current
4.500.65 (16.88%)
1,15,92,75010,72,500 (9.25%)
3.90Open4.70High3.80Low3.85Close3,045Contracts Traded25,789.15Turnover (₹ Lakhs)Open Interest as of 01 Jul 2024
Date Price Open Interest 25-07-2024Current
168.351.95 (1.17%)
14,18,96,62582,875 (0.06%)
166.55Open168.70High165.50Low166.40Prev Close4,370Contracts Traded35,759.41Turnover (₹ Lakhs)Open Interest as of 01 Jul 2024
Corporate Actions
Final
70%
Apr 30, 2024
Board Meeting
Audited Results & Final Dividend
Apr 10, 2024
Board Meeting
Quarterly Results
Jan 16, 2024
Announced on Meeting on Apr 10, 2024 Apr 30, 2024 Audited Results & Final Dividend Jan 16, 2024 Jan 24, 2024 Quarterly Results Oct 25, 2023 Oct 31, 2023 Quarterly Results & Interim Dividend Jul 17, 2023 Jul 28, 2023 Quarterly Results Jul 04, 2023 Jul 07, 2023 Right issue of Equity Shares Announced on Ex-Date Dividend% Apr 30, 2024 Jul 12, 2024 70% Oct 31, 2023 Nov 10, 2023 50% May 16, 2023 Jul 28, 2023 30% May 17, 2022 Aug 11, 2022 24% Jan 31, 2022 Feb 09, 2022 40% Announced on Ex-Date May 17, 2022 Jun 30, 2022 Bonus Ratio: 1 share(s) for every 2 shares held Jan 30, 2018 Mar 15, 2018 Bonus Ratio: 1 share(s) for every 1 shares held Aug 29, 2016 Oct 18, 2016 Bonus Ratio: 1 share(s) for every 1 shares held Sep 13, 2009 Oct 29, 2009 Bonus Ratio: 1 share(s) for every 1 shares held Jun 06, 2003 Aug 14, 2003 Bonus Ratio: 1 share(s) for every 2 shares held No Data Available
No Data Available
Announced on Meeting on Jul 27, 2023 Aug 25, 2023 - Jul 28, 2022 Aug 25, 2022 - May 23, 2022 Jun 23, 2022 - Mar 21, 2022 Apr 22, 2022 - Jul 27, 2021 Aug 27, 2021 -
About
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 236,756.68 Crore) operating in Gas & Petroleum sector.
Indian Oil Corporation Ltd. key Products/Revenue Segments include Petroleum Refinery Products, Grants, Other Operating Revenue, Power, Scrap, Sale of services, Subsidy, Commission, Other Services and Income from Finance Leases for the year ending 31-Mar-2023.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 200,103.28 Crore, down .53 % from last quarter Total Income of Rs 201,173.88 Crore and down 2.43 % from last year same quarter Total Income of Rs 205,087.53 Crore. Company has reported net profit after tax of Rs 5,251.38 Crore in latest quarter.
The company’s top management includes Mr.Shrikant Madhav Vaidya, Dr.Ashutosh Pant, Dr.Dattatreya Rao Sirpurker, Mr.Dilip Gogoi Lalung, Mr.Krishnan Sadagopan, Mr.Prasenjit Biswas, Prof. (Dr)Ram Naresh Singh, Mr.Sudipta Kumar Ray, Mr.Sunil Kumar, Dr.S S V Ramakumar, Mr.Satish Kumar Vaduguri, Mr.Sujoy Choudhury, Ms.Sukla Mistry, Mr.Sanjay Kaushal, Mr.Kamal Kumar Gwalani. Company has G S Mathur & Co. as its auditors. As on 31-03-2024, the company has a total of 1,412.12 Crore shares outstanding.
About Indian Oil Corp.
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 236,756.68 Crore) operating in Gas & Petroleum sector. Indian Oil Corporation Ltd. key Products/Revenue Segments include Petroleum Refinery Products, Grants, Other Operating Revenue, Power, Scrap, Sale of services, Subsidy, Commission, Other Services and Income from Finance Leases for the year ending 31-Mar-2023.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 200,103.28 Crore, down .53 % from last quarter Total Income of Rs 201,173.88 Crore and down 2.43 % from last year same quarter Total Income of Rs 205,087.53 Crore. Company has reported net profit after tax of Rs 5,251.38 Crore in latest quarter.The company’s top management includes Mr.Shrikant Madhav Vaidya, Dr.Ashutosh Pant, Dr.Dattatreya Rao Sirpurker, Mr.Dilip Gogoi Lalung, Mr.Krishnan Sadagopan, Mr.Prasenjit Biswas, Prof. (Dr)Ram Naresh Singh, Mr.Sudipta Kumar Ray, Mr.Sunil Kumar, Dr.S S V Ramakumar, Mr.Satish Kumar Vaduguri, Mr.Sujoy Choudhury, Ms.Sukla Mistry, Mr.Sanjay Kaushal, Mr.Kamal Kumar Gwalani. Company has G S Mathur & Co. as its auditors. As on 31-03-2024, the company has a total of 1,412.12 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty Next 50, Nifty 100, Nifty 200, Nifty 500, BSE 500
Address
Indian Oil Bhavan,G-9, Ali Yavar Jung Marg,Bandra (East),Mumbai, Maharashtra - 400051
Executive Leadership
Shrikant Madhav Vaidya
ChairmanAshutosh Pant
Independent DirectorDattatreya Rao Sirpurker
Independent DirectorDilip Gogoi Lalung
Independent DirectorAuditors
Brands
FAQs about Indian Oil Corp. share
- 1. What's the Indian Oil Corp. share price today?Indian Oil Corp. share price was Rs 167.66 as on 01 Jul, 2024, 03:59 PM IST. Indian Oil Corp. share price was up by 1.23% based on previous share price of Rs. 163.58. In last 1 Month, Indian Oil Corp. share price moved up by 3.24%.
- 2. What are the returns for Indian Oil Corp. share?Return Performance of Indian Oil Corp. Shares:
- 1 Week: Indian Oil Corp. share price moved up by 0.82%
- 1 Month: Indian Oil Corp. share price moved up by 3.24%
- 3 Month: Indian Oil Corp. share price moved down by 0.94%
- 6 Month: Indian Oil Corp. share price moved up by 28.67%
- 3. Who are peers to compare Indian Oil Corp. share price?Within Gas & Petroleum sector Indian Oil Corp., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd. are usually compared together by investors for analysis.
- 4. What dividend is Indian Oil Corp. giving?An equity Final dividend of Rs 7 per share was declared by Indian Oil Corporation Ltd. on 30 Apr 2024. So, company has declared a dividend of 70% on face value of Rs 10 per share. The ex dividend date is 12 Jul 2024.
- 5. Is Indian Oil Corp. a good buy?As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 29 analysts for Indian Oil Corp. stock is to Hold. Recommendation breakup is as follows
- 4 analysts are recommending Strong Buy
- 6 analysts are recommending to Buy
- 6 analysts are recommending to Hold
- 7 analysts are recommending to Sell
- 6 analysts are recommending Strong Sell
- 6. What is the market cap of Indian Oil Corp.?Indian Oil Corp. share has a market capitalization of Rs 2,36,757 Cr. Within Gas & Petroleum sector, it's market cap rank is 2.
- 7. What is the PE & PB ratio of Indian Oil Corp.?The PE ratio of Indian Oil Corp. stands at 5.6, while the PB ratio is 1.21.
- 8. What is the CAGR of Indian Oil Corp.?The CAGR of Indian Oil Corp. is 20.85.
- 9. What are the Indian Oil Corp. quarterly results?Total Revenue and Earning for Indian Oil Corp. for the year ending 2024-03-31 was Rs 780194.70 Cr and Rs 41729.69 Cr on Consolidated basis. Last Quarter 2024-03-31, Indian Oil Corp. reported an income of Rs 200103.28 Cr and profit of Rs 5148.87 Cr.
- 10. How can I quickly analyze Indian Oil Corp. stock?Key Metrics for Indian Oil Corp. are:
- PE Ratio of Indian Oil Corp. is 5.67
- Price/Sales ratio of Indian Oil Corp. is 0.30
- Price to Book ratio of Indian Oil Corp. is 1.24
- 11. Who's the owner of Indian Oil Corp.?Promoter,DII and FII owns 51.5, 9.89 and 8.84 shares of Indian Oil Corp. as on 31 Mar 2024
- There is no change in promoter holding from 31 Dec 2023 to 31 Mar 2024
- Domestic Institutional Investors holding has gone up from 9.89 (31 Dec 2023) to 10.23 (31 Mar 2024)
- Foreign Institutional Investors holding have gone down from 8.84 (31 Dec 2023) to 8.49 (31 Mar 2024)
- Other investor holding has gone up from 29.76 (31 Dec 2023) to 29.78 (31 Mar 2024)
- 12. Who's the chairman of Indian Oil Corp.?Shrikant Madhav Vaidya is the Chairman of Indian Oil Corp.
- 13. What has been highest price of Indian Oil Corp. share in last 52 weeks?In last 52 weeks Indian Oil Corp. share had a high price of Rs 196.80 and low price of Rs 85.50
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