Indian Oil Corporation Ltd.

BSE: IOC530965ISIN INE242A01010

Energy
Refineries & Marketing
BSE 100

Share price

₹142.00+3.50 (+2.53%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹188.90
52W low: ₹124.95
Off 52W high: -24.83%
1M return: +8.65%
3M return: -0.84%
6M return: -4.15%
1Y return: -16.10%
20D avg volume: 4,93,798
50 DMA: ₹133.44
200 DMA: ₹145.08

Key ratios Consolidated

Market cap: ₹2,00,522 Cr
Current price: ₹142.00
52W high / low: ₹188.90 / ₹124.95
Face value: ₹10.00
P/E: 4.01
P/B: —
EPS (TTM): ₹35.44
Book value / share: —
ROE: —
ROCE: 19.80%
Operating margin: —
Net margin: —
Debt / equity: 0.58
Net debt: ₹1,29,989 Cr
Interest cover: 7.56
Dividend yield: 5.81%
Dividend / share (TTM): ₹8.25
Payout: 23.28%
Cash conversion cycle: 30.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,68,039	2,81,933	2,36,899	2,36,257	2,06,447	2,21,849	2,21,360	2,19,522	1,98,616	2,19,864	2,23,650	2,26,892
	673.56	445.95	1,775	1,160	644.33	583.25	1,238	1,022	723.25	532.65	1,454	1,268
	2,68,713	2,82,379	2,38,674	2,37,418	2,07,091	2,22,432	2,22,598	2,20,544	1,99,339	2,20,397	2,25,103	2,28,160
	2,41,171	2,84,009	2,19,533	2,20,057	1,96,699	2,14,830	2,12,834	2,18,692	2,01,760	2,16,127	2,17,920	2,16,803
	1,35,246	1,95,318	1,10,847	1,10,041	1,03,246	1,09,451	1,14,947	1,08,344	1,07,953	1,18,568	1,12,865	1,21,316
	65,366	71,834	51,740	47,812	46,520	47,905	52,601	53,679	52,818	48,664	52,494	50,383
	2,928	2,592	2,435	3,029	2,903	3,068	2,916	2,525	2,622	2,817	2,974	2,765
	2,499	1,730	1,880	2,088	2,270	2,070	2,178	2,458	2,546	2,080	2,147	1,800
	4,430	4,408	5,557	4,457	4,227	4,179	4,325	4,284	4,065	4,103	4,094	4,686
	29,472	29,718	49,394	45,472	42,427	42,541	39,010	14,855	13,994	12,627	13,044	12,788
	27,542	-1,630	19,142	17,360	10,392	7,602	9,764	1,852	-2,421	4,270	7,183	11,358
	0.00	0.00	0.00	0.00	0.00	0.00	1.05	679.67	1,157	0.00	0.00	0.00
	27,542	-1,630	19,142	17,360	10,392	7,602	9,765	2,532	-1,264	4,270	7,183	11,358
	5,688	208.50	4,615	4,325	2,913	1,942	1,677	619.12	139.93	1,118	1,932	2,780
	22,503	-1,141	15,176	13,502	8,191	6,808	8,368	2,147	-448.78	3,723	5,488	9,225
	15.54	-1.18	10.50	9.44	5.68	4.95	5.90	1.54	-0.12	2.56	3.74	6.56
Key metrics
	34,471	4,508	26,579	23,906	16,889	13,851	16,268	9,274	5,348	10,453	13,424	17,844
	12.90%	1.60%	11.20%	10.10%	8.20%	6.20%	7.30%	4.20%	2.70%	4.80%	6.00%	7.90%
	8.40%	-0.40%	6.40%	5.70%	4.00%	3.10%	3.80%	1.00%	-0.20%	1.70%	2.50%	4.10%
	8.90%	—	6.60%	—	4.30%	—	4.30%	—	—	—	—	—
	29.80%	27.10%	7.00%	7.60%	3.90%	0.90%	-1.00%	-3.20%	—	—	—	—
	174.70%	-116.80%	81.40%	528.80%	1,925.10%	82.90%	52.50%	-76.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	10,23,129	9,01,453	8,59,363	8,81,235	9,51,410	7,36,731	5,20,237	5,76,589	6,17,243	5,15,542
	4,055	4,163	3,514	3,843	4,199	3,082	3,500	2,790	2,714	3,420
	10,27,184	9,05,616	8,62,876	8,85,078	9,55,609	7,39,813	5,23,736	5,79,379	6,19,957	5,18,962
	9,64,770	8,51,119	8,49,411	8,29,336	9,41,433	7,06,760	4,94,182	5,76,618	5,95,415	4,85,423
	5,51,451	4,33,584	4,49,813	4,46,251	5,03,757	3,30,672	1,74,196	2,81,080	3,06,472	2,17,229
	2,36,752	1,93,977	2,07,763	1,91,316	2,50,207	1,69,992	1,07,444	1,39,464	1,39,170	1,18,116
	10,984	11,435	10,880	11,671	9,359	11,583	11,309	9,337	11,596	—
	8,197	8,308	9,262	7,826	7,541	5,423	3,589	6,579	4,888	3,811
	18,852	18,420	16,777	15,866	13,181	12,348	10,941	9,855	8,506	7,664
	1,54,055	1,79,833	1,55,707	50,017	53,379	43,330	35,477	43,066	39,229	32,359
	62,414	54,497	13,465	55,742	14,176	33,053	29,554	2,762	24,543	33,539
	0.00	0.00	1,838	0.00	0.00	0.00	0.00	-11,305	0.00	0.00
	62,414	54,497	15,303	55,742	14,176	33,053	29,554	-8,543	24,543	33,539
	14,836	13,795	3,275	14,127	3,333	8,562	8,989	5,301	8,653	11,824
	50,040	43,677	13,789	43,161	11,704	25,727	21,762	-1,876	17,274	22,626
	34.30	30.57	9.87	30.30	7.11	27.34	23.57	-0.97	18.41	—
Key metrics
	89,464	81,225	41,342	79,434	34,898	50,824	44,085	7,891	37,937	45,013
	8.74%	9.00%	4.80%	9.00%	3.70%	6.90%	8.50%	1.40%	6.10%	8.70%
	4.89%	4.80%	1.60%	4.90%	1.20%	3.50%	4.20%	-0.30%	2.80%	4.40%
	—	19.80%	8.90%	—	—	—	—	—	—	—
	17.71%	4.90%	-2.50%	-7.40%	29.10%	41.60%	-9.80%	-6.60%	19.70%	—
	96.13%	216.80%	-68.10%	268.80%	-54.50%	18.20%	1,259.80%	-110.90%	-23.70%	—
	—	47,779	-150.66	—	—	—	—	—	—	—
	—	1.74	2.52	—	—	—	—	—	—	—
	—	0.58	0.80	—	—	—	—	—	—	—
	—	1,29,989	1,51,597	—	—	—	—	—	—	—
	—	30.1	30.6	—	—	—	—	—	—	—
Balance sheet
	—	5,28,955	5,06,867	—	—	—	—	—	—	—
	—	1,55,175	1,56,131	—	—	—	—	—	—	—
	—	1,833	673.17	—	—	—	—	—	—	—
	—	14,635	18,551	—	—	—	—	—	—	—
	—	1,17,133	1,13,878	—	—	—	—	—	—	—
	—	6,495	6,415	—	—	—	—	—	—	—
	—	2,04,473	1,97,162	—	—	—	—	—	—	—
	—	57,369	60,535	—	—	—	—	—	—	—
	—	2,11,170	2,30,599	—	—	—	—	—	—	—
	—	1,31,822	1,52,271	—	—	—	—	—	—	—
	—	68,170	93,936	—	—	—	—	—	—	—
	—	63,652	58,334	—	—	—	—	—	—	—
	—	2,25,547	1,91,025	—	—	—	—	—	—	—
Cash flow
	—	76,142	34,699	—	—	—	—	—	—	—
	—	-22,274	-31,848	—	—	—	—	—	—	—
	—	-52,672	-3,425	—	—	—	—	—	—	—
	—	28,363	34,850	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,62,936	2,75,972	2,32,855	2,31,769	2,02,992	2,18,608	2,17,725	2,16,649	1,95,149	2,15,989	2,19,876	2,23,012
	2,701	385.15	1,630	1,222	1,523	613.15	1,173	1,882	1,375	533.90	1,657	1,453
	2,65,636	2,76,357	2,34,485	2,32,991	2,04,515	2,19,221	2,18,899	2,18,531	1,96,524	2,16,523	2,21,533	2,24,465
	2,39,020	2,79,631	2,19,163	2,17,000	1,94,450	2,11,816	2,10,113	2,15,741	1,97,508	2,13,070	2,15,200	2,13,697
	1,20,973	1,71,136	97,441	97,750	89,939	96,661	1,00,849	96,798	97,519	1,04,355	98,002	1,06,514
	81,694	94,858	68,119	63,003	62,760	63,101	68,584	65,687	63,419	64,729	69,017	67,174
	2,741	2,437	2,270	2,844	2,751	2,924	2,779	2,392	2,494	2,700	2,827	2,622
	2,364	1,610	1,849	1,978	2,169	1,973	2,046	2,312	2,414	1,960	2,023	1,832
	4,017	3,996	5,174	4,077	3,871	3,843	3,914	3,896	3,718	3,756	3,736	4,341
	27,035	26,519	45,403	40,630	38,016	37,986	35,166	14,464	12,854	11,691	12,429	11,413
	26,617	-3,274	15,322	15,992	10,066	7,405	8,786	2,790	-984.47	3,453	6,332	10,768
	0.00	0.00	0.00	0.00	0.00	0.00	1.05	679.67	1,157	—	—	—
	26,617	-3,274	15,322	15,992	10,066	7,405	8,787	3,470	172.83	3,453	6,332	10,768
	4,987	-612.93	3,945	3,866	2,455	1,716	1,522	596.55	7.18	809.53	1,495	2,705
	21,630	-2,661	11,378	12,126	7,610	5,689	7,265	2,874	180.01	2,643	4,838	8,063
	15.71	-1.93	8.26	8.81	5.53	4.13	5.28	2.09	0.13	1.92	3.51	5.86
Key metrics
	32,998	2,332	22,345	22,046	16,106	13,220	14,747	9,678	6,305	9,169	12,092	16,942
	12.50%	0.80%	9.60%	9.50%	7.90%	6.00%	6.80%	4.50%	3.20%	4.20%	5.50%	7.60%
	8.20%	-1.00%	4.90%	5.20%	3.70%	2.60%	3.30%	1.30%	0.10%	1.20%	2.20%	3.60%
	9.50%	—	5.90%	—	4.50%	—	4.20%	—	—	—	—	—
	29.50%	26.20%	6.90%	7.00%	4.00%	1.20%	-1.00%	-2.90%	—	—	—	—
	184.20%	-146.80%	56.60%	322.00%	4,127.80%	115.20%	50.20%	-64.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	10,03,532	8,86,224	8,45,513	8,66,345	9,34,953	7,28,460	5,14,890	5,66,950	6,05,924	5,06,428
	5,938	4,988	4,964	4,781	6,235	4,324	4,551	3,571	3,129	3,415
	10,09,470	8,91,213	8,50,476	8,71,126	9,41,188	7,32,784	5,19,441	5,70,521	6,09,052	5,09,842
	9,54,814	8,42,428	8,36,432	8,18,782	9,31,490	7,01,051	4,89,726	5,62,910	5,83,925	4,77,278
	4,87,300	3,81,791	3,99,522	3,90,293	4,40,693	2,94,501	1,56,648	2,47,077	2,69,680	1,88,780
	3,07,674	2,56,982	2,62,418	2,54,929	3,24,379	2,21,078	1,43,662	1,78,535	1,79,056	1,52,118
	10,292	10,789	10,364	11,080	8,770	10,992	10,712	8,793	11,102	10,079
	7,801	7,969	8,732	7,328	6,930	4,829	3,094	5,979	4,311	3,448
	17,264	16,965	15,284	14,510	11,859	11,006	9,804	8,766	7,514	7,067
	1,39,586	1,62,034	1,41,032	46,529	49,831	40,509	33,317	39,471	37,040	31,061
	54,656	48,784	14,044	52,344	9,698	31,733	29,716	7,611	25,127	32,564
	0.00	0.00	1,838	—	—	—	—	-11,305	—	—
	54,656	48,784	15,882	52,344	9,698	31,733	29,716	-3,694	25,127	32,564
	12,184	11,982	2,921	12,725	1,456	7,549	7,880	5,007	8,233	11,218
	42,472	36,802	12,962	39,619	8,242	24,184	21,836	1,313	16,894	21,346
	30.85	26.72	9.41	28.77	5.98	26.34	23.78	1.43	17.89	—
Key metrics
	79,722	73,718	39,898	74,182	28,488	47,568	42,614	11,051	36,952	43,080
	7.94%	8.30%	4.70%	8.60%	3.00%	6.50%	8.30%	1.90%	6.10%	8.50%
	4.23%	4.20%	1.50%	4.60%	0.90%	3.30%	4.20%	0.20%	2.80%	4.20%
	—	19.50%	9.40%	—	—	—	—	—	—	—
	17.24%	4.80%	-2.40%	-7.30%	28.30%	41.50%	-9.20%	-6.40%	19.60%	—
	81.21%	183.90%	-67.30%	380.70%	-65.90%	10.80%	1,562.80%	-92.20%	-20.90%	—
	—	44,977	-323.82	—	—	—	—	—	—	—
	—	1.94	2.56	—	—	—	—	—	—	—
	—	0.60	0.81	—	—	—	—	—	—	—
	—	1,22,321	1,44,105	—	—	—	—	—	—	—
	—	29.0	30.7	—	—	—	—	—	—	—
Balance sheet
	—	4,91,535	4,80,000	—	—	—	—	—	—	—
	—	1,41,146	1,45,901	—	—	—	—	—	—	—
	—	281.41	263.17	—	—	—	—	—	—	—
	—	14,229	17,813	—	—	—	—	—	—	—
	—	1,07,484	1,05,612	—	—	—	—	—	—	—
	—	5,809	5,603	—	—	—	—	—	—	—
	—	1,87,894	1,82,389	—	—	—	—	—	—	—
	—	51,417	52,368	—	—	—	—	—	—	—
	—	2,00,848	2,19,268	—	—	—	—	—	—	—
	—	1,22,603	1,44,368	—	—	—	—	—	—	—
	—	61,677	86,067	—	—	—	—	—	—	—
	—	60,926	58,301	—	—	—	—	—	—	—
	—	2,04,544	1,78,677	—	—	—	—	—	—	—
Cash flow
	—	71,399	33,170	—	—	—	—	—	—	—
	—	-17,662	-29,261	—	—	—	—	—	—	—
	—	-53,719	-4,110	—	—	—	—	—	—	—
	—	26,421	33,494	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -1.77%
Sales CAGR 5Y: +11.47%
Profit CAGR 3Y: +64.67%
Profit CAGR 5Y: +11.00%
Sales YoY (TTM): +17.24%
Profit YoY (TTM): +81.21%

Consolidated

Sales CAGR 3Y: -1.78%
Sales CAGR 5Y: +11.62%
Profit CAGR 3Y: +55.11%
Profit CAGR 5Y: +14.95%
Sales YoY (TTM): +17.71%
Profit YoY (TTM): +96.13%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.50%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA	Promoter	51.50%	—	—
OIL AND NATURAL GAS CORPORATION LIMITED	Public	14.20%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	5.98%	—	—
OIL INDIA LIMITED	Public	5.16%	—	—
SHARES TRUST	Public	2.48%	—	—
ICICI Mutual Funds	Public	1.04%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Reliance Industries Ltd	17,75,807	1,312.25	18.57	9.20%	+19.37% TTM	-1.84% TTM	-10.84%
Indian Oil Corporation Ltd.	2,00,522	142.00	4.01	19.80%	+17.71% TTM	+96.13% TTM	-16.10%
Bharat Petroleum Corpn. Ltd.	1,32,063	304.40	8.36	25.30%	+16.46% TTM	-25.56% TTM	-18.38%
Hindustan Petroleum Corporation Ltd	77,474	364.10	53.91	22.20%	+13.78% TTM	-89.68% TTM	-24.90%
Mangalore Refinery & Petrochemicals	32,800	187.15	7.43	19.30%	+35.22% TTM	+325.83% TTM	+6.40%
Chennai Petroleum Corporation Ltd.	23,314	1,565.60	4.09	32.80%	+21.77% TTM	+387.42% TTM	+59.44%
RAJASTHAN SECURITIES LIMITED S	462	60.10	6.95	89.30%	+266.52% TTM	+298.80% TTM	+36.62%
Kotyark Industries Limited	420	37.12	—	17.30%	—	—	—
RESGEN LIMITED	94	45.01	—	18.20%	—	—	-44.57%
Sanmit Infra Limited S	73	46.43	34.65	8.50%	-47.53% TTM	-13.88% TTM	—
Continental Petroleums Ltd. S	68	79.86	21.47	7.90%	-22.01% TTM	-8.99% TTM	-35.78%
REAL ECO-ENERGY LIMITED S	40	4.02	36.55	1.60%	—	+86.49% TTM	-20.24%
Omnipotent Industries Limited S	2	3.18	-4.82	-2.00%	—	—	-46.01%

Filings & corporate actions

Recent announcements

Transcript of Analyst Conference Call.4 Nov 2026 · Company Update / Earnings Call Transcript
Change in Senior Management Personnel.1 Nov 2026 · Company Update / General
Investor Handout for unaudited financial results for the quarter and half year ended 30th September 2026.30 Oct 2026 · Company Update / General
Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended 30th September 2026.30 Oct 2026 · Result / Financial Results
Unaudited Financial Result (Standalone and Consolidated) for the quarter and half-year ended 30th September 2026.30 Oct 2026 · Board Meeting / Outcome of Board Meeting
Conference Call Invite27 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation regarding Change in Corporate Identification Number (CIN) of the Company.26 Oct 2026 · Company Update / General
Indian Oil Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve unaudited financial ....13 Oct 2026 · Board Meeting / Board Meeting
Newspaper Advertisement of the Notice to Shareholders regarding special window for re-lodgment of transfer requests of physical shares.12 Oct 2026 · Company Update / Newspaper Publication
Certificate under Reg 74 (5) of SEBI (DP) Regulations, 20185 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Change in Senior Management Personnel.1 Oct 2026 · Company Update / General
The Exchange has sought Clarification from Indian Oil Corporation Ltd with reference to the media report appearing on https://www.thehindu.com/ dated September 30, 2026 (Link : https://www.thehindu.com/news/cities/Hyderabad/indian-oil-plans-to-launch-packaged-drinking-water-under-own-brand-across-43000-fuel-outlets/article71523220.ece) ....30 Sep 2026 · Company Update / Clarification
Closure of Trading Window w.e.f. 01.10.2026 for Insiders.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Investment approval for Kochi-Kanyakumari-Thoothukudi Natural Gas Pipeline.21 Sep 2026 · Company Update / General
Appointment of Statutory Auditors for F.Y. 2026-2721 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Cessation of Dr. Alka Mundra as Independent Director w.e.f 18.09.2026.18 Sep 2026 · Company Update / Resignation of Director
Amendments to Memorandum & Articles of Association of the Company.1 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
Voting Results & Scrutinizer''s Report -AGM 2025-261 Sep 2026 · AGM/EGM / AGM
Change in Senior Management Personnel.1 Sep 2026 · Company Update / General
The summary of the proceedings of the 67th Annual General Meeting of the Company held on Monday August 31, 2026.31 Aug 2026 · AGM/EGM / AGM
Intimation regarding imposition of fine by BSE Ltd. & National Stock Exchange of India Ltd.26 Aug 2026 · Company Update / General
Appointment of Independent Director on the Board of Indian Oil Corporation Limited.15 Aug 2026 · Company Update / Change in Directorate
Public Notice of AGM 2025-26.11 Aug 2026 · Company Update / Newspaper Publication
Integrated Annual Report 2025-267 Aug 2026 · Others / Reg. 34 (1) Annual Report
BRSR for the year 2025-267 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
AGM Notice 2025-26.7 Aug 2026 · AGM/EGM / AGM
Transcript of Analyst Conference Call.7 Aug 2026 · Company Update / Earnings Call Transcript
Newspaper Publication regarding public notice for convening 67th AGM of IndianOil.4 Aug 2026 · Company Update / Newspaper Publication
67th Annual General Meeting of the Company for the year 2025-26.1 Aug 2026 · AGM/EGM / AGM
Change in Senior Management Personnel.1 Aug 2026 · Company Update / General
Investor handout for unaudited financial results for the quarter ended 30th June 202631 Jul 2026 · Company Update / General
Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 202631 Jul 2026 · Result / Financial Results
Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026.31 Jul 2026 · Board Meeting / Outcome of Board Meeting
Conference Call Invite29 Jul 2026 · Company Update / Analyst / Investor Meet
Press Release28 Jul 2026 · Company Update / Press Release / Media Release
Indian Oil Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2026 ,inter alia, to consider and approve the unaudited financial ....17 Jul 2026 · Board Meeting / Board Meeting
e-mail communication to the member of Indian Oil Corporation Limited - Deduction of TDS on Final Dividend for the year 2025-26.15 Jul 2026 · Company Update / General
Newspaper Advertisement of the Notice to Shareholders regarding special window for re-lodgment of transfer requests of physical shares.8 Jul 2026 · Company Update / Newspaper Publication
Certificate under Reg. 74 (5) of SEBI (DP) Regulations , 20182 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Fixation of record date for final dividend for the year 2025-26.30 Jun 2026 · Corp. Action / Record Date

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.2500	14 Aug 2026	14 Aug 2026	—
Interim Dividend - Rs. - 2.0000	12 Mar 2026	12 Mar 2026	—
Interim Dividend - Rs. - 5.0000	18 Dec 2025	18 Dec 2025	—
Final Dividend - Rs. - 3.0000	8 Aug 2025	8 Aug 2025	—
Final Dividend - Rs. - 7.0000	12 Jul 2024	12 Jul 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
31 Jul 2026 Board Meeting - Financial Results