Indian Oil Corporation Limited

Oil, Gas & Consumable Fuels · Petroleum Products

NSE: IOC BSE: 530965

₹134.93

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Petroleum Products

The largest companies in the same industry by market cap. This company ranks #2 of 18. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Reliance Industries Limited	1,606,312	41.0	8.8%	-13.3%	0.51%	61	45	10
Indian Oil Corporation Limited (this stock)	190,538	5.0	19.4%	-9.9%	6.11%	56	100	16
Bharat Petroleum Corporation Limited	131,543	9.8	25.8%	-10.7%	5.77%	66	97	14
Hindustan Petroleum Corporation Limited	74,548	58.3	27.5%	-19.3%	6.92%	45	49	48
Mangalore Refinery and Petrochemicals Limited	29,670	9.5	13.6%	27.0%	2.36%	49	93	33
Chennai Petroleum Corporation Limited	21,388	5.2	27.9%	89.7%	4.32%	76	94	51
Castrol India Limited	19,834	18.7	50.0%	-0.3%	5.74%	96	33	89
Gulf Oil Lubricants India Limited	5,573	13.9	22.3%	-9.2%	4.53%	80	50	86

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹312,859 Cr

EV / EBITDA

4.2x

EV / Sales

0.35x

Market cap / Sales

0.21x

Earnings yield

19.81%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Mar 2026 quarterly revenue is Rs 234,485 Cr, up 7.1% YoY.

↑ Positive

Quarterly Net Profit

Mar 2026 quarterly net profit is Rs 11,378 Cr, up 56.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	275,972	-3,274	-2,661	₹
March 31, 2026	232,855	15,322	11,378	₹8.2600
Dec. 31, 2025	231,769	15,992	12,126	₹8.8100
Sept. 30, 2025	202,992	10,066	7,610	₹5.5300
June 30, 2025	218,608	7,405	5,689	₹4.1300
March 31, 2025	217,725	8,787	7,265	₹5.2800
Dec. 31, 2024	216,649	3,470	2,874	₹
Sept. 30, 2024	195,149	173	180	₹0.1300
June 30, 2024	215,989	3,453	2,643	₹1.9200
March 31, 2024	219,876	6,332	4,838	₹3.5100
Dec. 31, 2023	223,012	10,768	8,063	₹5.8600
Sept. 30, 2023	202,312	17,170	12,967	₹9.4200
June 30, 2023	221,145	18,074	13,750	₹9.9800

Quarterly income statement (standalone, ₹ Cr)

Indicator	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22
Total income (before exceptional items)	234,485	232,991	204,515	219,221	218,899	196,524	216,523	221,533	224,465	203,294	221,834	228,130	229,883
Operating revenue	232,855	231,769	202,992	218,608	217,725	195,149	215,989	219,876	223,012	202,312	221,145	226,492	228,168
Other income	1,630	1,222	1,523	613	1,173	1,375	534	1,657	1,453	982	688	1,638	1,715
Operating expenses	212,140	210,945	188,409	206,000	204,153	191,377	207,354	209,440	207,524	180,999	198,982	211,152	224,575
Operating profit	20,716	20,824	14,583	12,607	13,572	3,772	8,635	10,435	15,489	21,313	22,164	15,340	3,593
Operating profit margin	8.9%	9.0%	7.2%	5.8%	6.2%	1.9%	4.0%	4.7%	6.9%	10.5%	10.0%	6.8%	1.6%
Depreciation	5,174	4,077	3,871	3,843	3,914	3,718	3,756	3,736	4,341	3,280	3,152	2,952	3,099
Interest	1,849	1,978	2,169	1,973	2,046	2,414	1,960	2,023	1,832	1,846	1,626	1,812	1,953
Exceptional items, gain / (loss)	—	—	—	—	1	1,157	—	—	—	—	—	—	—
Profit before tax	15,322	15,992	10,066	7,405	8,787	173	3,453	6,332	10,768	17,170	18,074	12,215	257
Tax	3,945	3,866	2,455	1,716	1,522	-7	810	1,495	2,705	4,203	4,323	2,156	-191
Net profit	11,378	12,126	7,610	5,689	7,265	180	2,643	4,838	8,063	12,967	13,750	10,059	448
EPS	8.26	8.81	5.53	4.13	5.28	0.13	1.92	3.51	5.86	9.42	9.98	7.30	0.33
Net profit (TTM)	36,802	32,690	20,744	15,777	14,926	15,724	28,512	39,619	44,840	37,224	23,985	8,242	4,205
EPS (TTM)	26.73	23.75	15.07	11.46	10.84	11.42	20.71	28.77	32.56	27.03	17.42	5.99	5.25

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	886,224	48,784	36,802
March 31, 2025	845,513	15,882	12,962
March 31, 2024	866,345	52,344	39,619
March 31, 2023	934,953	9,698	8,242

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16
Total income (before exceptional items)	-1.8%	11.4%	891,213^†	—	871,126^†	941,188^†	732,784^†	519,441^†	570,521^†	609,052^†	509,842^†	449,581^†	352,849^†
Operating revenue	-1.8%	11.5%	886,224	845,513	866,345	934,953	728,460^†	514,891^†	566,950^†	605,924^†	506,425^†	445,405^†	350,603^†
Other income	—	—	4,988^†	—	4,781^†	6,235^†	4,324^†	4,551^†	3,571^†	3,129^†	3,417^†	4,177^†	2,246^†
Operating expenses	—	—	817,494^†	—	796,945^†	912,700^†	685,216^†	476,827^†	548,165^†	572,100^†	466,762^†	411,300^†	327,521^†
Operating profit	45.6%	12.5%	68,730^†	—	69,401^†	22,253^†	43,244^†	38,064^†	18,785^†	33,824^†	39,663^†	34,104^†	23,082^†
Operating profit margin	—	—	7.8%^†	—	8.0%^†	2.4%^†	5.9%^†	7.4%^†	3.3%^†	5.6%^†	7.8%^†	7.7%^†	6.6%^†
Depreciation	—	—	16,965^†	—	14,510^†	11,859^†	11,006^†	9,805^†	8,766^†	7,514^†	7,067^†	6,223^†	4,853^†
Interest	—	—	7,969^†	—	7,328^†	6,930^†	4,829^†	3,094^†	5,979^†	4,311^†	3,448^†	3,445^†	3,000^†
Exceptional items, gain / (loss)	—	—	0^†	—	0^†	0^†	0^†	0^†	-11,305^†	0^†	0^†	0^†	1,364^†
Profit before tax	71.3%	10.4%	48,784	15,882	52,344	9,698	31,733^†	29,716^†	-3,694^†	25,127^†	32,564^†	26,321^†	15,840^†
Tax	—	—	11,982^†	—	12,725^†	1,456^†	7,549^†	7,880^†	-5,007^†	8,233^†	11,218^†	7,215^†	5,440^†
Net profit	64.7%	11.0%	36,802	12,962	39,619	8,242	24,184^†	21,836^†	1,313^†	16,894^†	21,346^†	19,106^†	10,399^†
EPS	64.6%	2.4%	26.73^†	—	28.77^†	5.99^†	26.34^†	23.78^†	1.43^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16
Operating margin	7.8%^†	—	8.0%^†	2.4%^†	5.9%^†	7.4%^†	3.3%^†	5.6%^†	7.8%^†	7.7%^†	6.6%^†
EBIT margin	6.4%^†	—	6.9%^†	1.8%^†	5.0%^†	6.4%^†	0.4%^†	4.9%^†	7.1%^†	6.7%^†	5.4%^†
PBT margin	5.5%	1.9%	6.0%	1.0%	4.4%^†	5.8%^†	-0.7%^†	4.1%^†	6.4%^†	5.9%^†	4.5%^†
Net margin	4.2%	1.5%	4.6%	0.9%	3.3%^†	4.2%^†	0.2%^†	2.8%^†	4.2%^†	4.3%^†	3.0%^†
Interest coverage	7.12x^†	—	8.14x^†	2.40x^†	7.57x^†	10.61x^†	0.38x^†	6.83x^†	10.44x^†	8.64x^†	6.28x^†
Dividend payout	37.4%^†	—	27.8%^†	40.1%^†	39.9%^†	44.2%^†	367.1%^†	—	—	—	—
Earnings retention	62.6%^†	—	72.2%^†	59.9%^†	60.1%^†	55.8%^†	-267.1%^†	—	—	—	—
Current ratio	0.70x	0.67x	—	—	—	—	—	—	—	—	—
Quick ratio	0.17x	0.18x	—	—	—	—	—	—	—	—	—
Debt to equity	0.60x	0.81x	—	—	—	—	—	—	—	—	—
Return on equity	18.0%	7.3%	—	—	—	—	—	—	—	—	—
Return on assets	7.5%	2.7%	—	—	—	—	—	—	—	—	—
Return on capital employed	19.5%^†	—	—	—	—	—	—	—	—	—	—
Asset turnover	1.80x	1.76x	—	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	71,399	-17,662	-53,719	26,421	44,977
March 31, 2025	33,170	-29,261	-4,110	33,494	-324
March 31, 2024	68,097	-29,702	-38,294	35,209	32,888
March 31, 2023	20,985	-25,286	3,954	31,250	-10,265
March 31, 2022	21,177	-20,097	-684	21,891	-713

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	491,535	204,544	190,773	61,677	60,926	141,146	200,848	281	187,894	107,484
March 31, 2025	480,000	178,677	164,905	86,067	58,301	145,901	219,268	263	182,389	105,612
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.