Indian Oil Corp.

₹90.6 0.6 | 0.6%

WEBSITE BSE:530965 NSE : INDIAN OIL 09 Jun, 12:58

Market Cap ₹127938 Cr.

Stock P/E 13.1

P/B 0.9

Current Price ₹90.6

Book Value ₹ 99.2

Face Value 10

52W High ₹91.4

Dividend Yield 3.31%

52W Low ₹ 65.2

Edit Ratio

Indian Oil Corp. Research see more...

Overview Inc. Year: 1959Industry: Refineries

Indian Oil Corporation Ltd is an India-based oil company. The Company's segments include Petrochemicals, Petroleum Products and Other Business Activities. Its Other Business Activities section consists of gas, oil and gasoline exploration activities, explosives and cryogenic commercial enterprise, and wind mill and solar power generation. Its enterprise interests span the whole hydrocarbon value-chain starting from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gasoline advertising and marketing, alternative energy sources and globalization of downstream operations. It has a network of fuel stations, bulk storage terminals, inland depots, aviation fuel stations, LPG bottling plant and lube blending plant. It also has set up about 257 electric car (EV) charging stations and 29 battery swapping stations at its power pumps in the country. It owns and operates about nine refineries throughout India.

Indian Oil Corp. Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Indian Oil Corp. Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	147810	165607	156519	171787	199375	209049	255382	233014	232303	230712
Other Income	959	713	499	859	1143	581	623	787	1573	1215
Total Income	148769	166320	157018	172646	200518	209630	256005	233801	233876	231927
Total Expenditure	138016	151267	145020	160591	188602	194777	249963	229737	227999	213012
Operating Profit	10753	15053	11998	12056	11917	14853	6041	4064	5878	18915
Interest	734	1203	1383	1114	1119	1806	1908	1554	2122	1957
Depreciation	2723	2949	2931	3012	3112	3292	3158	3283	3451	3288
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7296	10901	7683	7929	7686	9755	976	-773	304	13669
Provision for Tax	3469	2324	1890	2116	1755	2802	461	384	-428	2917
Profit After Tax	3827	8577	5794	5813	5931	6953	515	-1157	732	10752
Adjustments	533	449	316	390	212	-307	-794	165	41	-462
Profit After Adjustments	4359	9026	6110	6204	6143	6646	-279	-992	773	10290
Adjusted Earnings Per Share	3.1	6.4	4.3	4.4	4.4	4.7	-0.2	-0.7	0.5	7.3

Indian Oil Corp. Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	408923	461780	488345	449507	346045	355379	421492	529404	487561	370806	589336	951411
Other Income	4141	3587	3500	5614	2186	3862	3420	2714	2774	4303	3527	4198
Total Income	413064	465367	491845	455121	348231	359241	424912	532118	490334	375109	592863	955609
Total Expenditure	390103	448006	471306	440355	322584	321315	379834	494144	470670	330189	542008	920711
Operating Profit	22961	17360	20539	14766	25648	37927	45078	37974	19665	44921	50855	34898
Interest	5948	7165	5948	4201	3487	3743	3875	4925	6630	4425	5454	7541
Depreciation	5309	5692	6360	5219	5698	6868	7664	8506	10273	10941	12348	13180
Exceptional Income / Expenses	-7708	0	1747	1668	1364	0	0	0	-11305	0	0	0
Profit Before Tax	3995	4504	9978	7014	18072	27956	34450	25927	-7177	30751	34289	14176
Provision for Tax	-270	877	3011	2143	5658	7570	11824	8653	-5301	8989	8562	3334
Profit After Tax	4265	3627	6967	4872	12413	20385	22626	17274	-1876	21762	25727	10842
Adjustments	-39	822	119	40	-391	-536	-437	103	983	-124	-624	-1050
Profit After Adjustments	4226	4449	7086	4912	12022	19849	22189	17377	-893	21638	25102	9792
Adjusted Earnings Per Share	2.9	3.1	4.9	3.4	8.5	14	15.6	12.6	-0.6	15.7	18.2	6.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	59%	4%	11%	4%
Operating Profit CAGR	13%	10%	6%	8%
PAT CAGR	18%	14%	5%	20%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	15%	14%	-5%	7%
ROE Average	21%	13%	15%	13%
ROCE Average	17%	11%	14%	13%

Indian Oil Corp. Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	60373	63037	67913	68832	89980	102096	113874	112469	95398	111838	133535
Minority's Interest	1944	1262	1171	1073	1426	1905	2151	1877	876	976	1591
Borrowings	18310	24788	35865	36796	27941	25546	23061	39152	56071	54685	55945
Other Non-Current Liabilities	16178	18206	20558	24611	37915	11329	37416	41366	35502	44103	33024
Total Current Liabilities	123021	134432	140280	102383	84438	132686	139906	160725	161529	166878	198295
Total Liabilities	219827	241724	265787	233695	241701	273561	316408	355590	349375	378480	422415
Fixed Assets	64586	66774	72554	76781	100033	115958	124053	132494	147022	157085	160514
Other Non-Current Assets	29972	37554	53059	58807	67910	61286	86676	93527	91607	100484	108874
Total Current Assets	125252	137383	140104	97965	73719	96258	105517	129342	110511	120718	152238
Total Assets	219827	241724	265787	233695	241701	273561	316408	355590	349375	378480	422415

Indian Oil Corp. Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	1538	822	1220	3631	611	735	330	319	933	1435	781
Cash Flow from Operating Activities	-763	9340	24195	46092	25624	28216	29115	12747	7146	49650	24570
Cash Flow from Investing Activities	-13056	-9294	-18594	-10215	-13610	-17684	-17119	-22569	-29101	-22935	-21178
Cash Flow from Financing Activities	13103	352	-3116	-38283	-11890	-10937	-12007	10436	22456	-27369	-2997
Net Cash Inflow / Outflow	-715	398	2485	-2406	124	-405	-11	614	502	-653	395
Closing Cash & Cash Equivalent	822	1220	3705	1225	735	330	319	933	1435	781	1177

Indian Oil Corp. Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	2.9	3.05	4.86	3.37	8.46	13.96	15.61	12.62	-0.65	15.71	18.23
CEPS(Rs)	6.57	6.4	9.15	6.93	12.74	19.17	21.3	18.72	6.1	23.75	27.65
DPS(Rs)	5	6.2	8.7	6.6	14	19	21	9.25	4.25	12	12.6
Book NAV/Share(Rs)	41.43	43.26	46.57	47.15	63.29	71.81	80.09	81.67	69.27	81.21	96.96
Core EBITDA Margin(%)	4.25	2.79	3.26	1.86	5.66	7.51	8.08	5.71	2.93	7.65	6.31
EBIT Margin(%)	2.25	2.36	3.04	2.28	5.2	6.99	7.43	5	-0.1	6.63	5.3
Pre Tax Margin(%)	0.9	0.91	1.91	1.42	4.36	6.16	6.68	4.2	-1.25	5.8	4.57
PAT Margin (%)	0.96	0.73	1.33	0.99	2.99	4.49	4.39	2.8	-0.33	4.1	3.43
Cash Profit Margin (%)	2.16	1.88	2.55	2.05	4.37	6.01	5.88	4.18	1.46	6.16	5.07
ROA(%)	2.11	1.57	2.75	1.95	5.22	7.91	7.67	5.14	-0.53	5.98	6.42
ROE(%)	7.23	5.88	10.65	7.14	15.65	21.23	20.95	15.26	-1.81	21	20.97
ROCE(%)	7.78	7.96	10.1	7.57	15.28	20.2	22.22	15.87	-0.25	15.78	16.63
Receivable days	7.94	8.88	8.74	7.48	6.75	6.67	6.94	7.84	9.21	9.3	7.9
Inventory Days	48.98	48.15	48.47	45.31	40.55	43.43	48.25	43.67	45.67	51.74	47.47
Payable days	31.07	28.94	31.32	32.88	35.75	36.83	36.72	32.02	29.96	41.77	32.23
PER(x)	15.09	15.36	9.56	18.2	7.76	9.23	7.53	8.6	0	3.9	4.35
Price/Book(x)	1.06	1.08	1	1.3	1.04	1.8	1.47	1.33	0.79	0.75	0.82
Dividend Yield(%)	1.9	2.2	3.12	1.79	3.56	4.91	11.91	5.69	5.21	13.07	10.59
EV/Net Sales(x)	0.35	0.34	0.33	0.34	0.44	0.69	0.55	0.46	0.42	0.51	0.39
EV/Core EBITDA(x)	6.23	9.03	7.74	10.37	5.88	6.49	5.15	6.45	10.3	4.25	4.54
Net Sales Growth(%)	32	12.93	5.75	-7.95	-23.02	2.7	18.6	25.6	-7.9	-23.95	58.93
EBIT Growth(%)	-24.28	17.35	36.48	-29.58	92.22	47.03	20.9	-19.5	-101.77	6527.53	12.98
PAT Growth(%)	-47.25	-14.96	92.06	-30.07	154.8	64.22	10.99	-23.66	-110.86	1259.84	18.22
EPS Growth(%)	-46.03	5.28	59.26	-30.67	150.77	65.1	11.79	-19.15	-105.14	2522.87	16.01
Debt/Equity(x)	1.33	1.42	1.4	0.94	0.65	0.62	0.58	0.86	1.36	0.97	0.93
Current Ratio(x)	1.02	1.02	1	0.96	0.87	0.73	0.75	0.8	0.68	0.72	0.77
Quick Ratio(x)	0.5	0.53	0.48	0.47	0.37	0.23	0.25	0.32	0.27	0.22	0.2
Interest Cover(x)	1.67	1.63	2.68	2.67	6.18	8.47	9.89	6.26	-0.08	7.95	7.29
Total Debt/Mcap(x)	1.25	1.31	1.4	0.73	0.61	0.34	0.38	0.63	1.69	1.26	1.1

Indian Oil Corp. Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	51.5	51.5	51.5	51.5	51.5	51.5	51.5	51.5	51.5	51.5
FII	5.83	5.81	6.7	7.21	7.94	8.36	8.19	7.22	7.01	6.91
DII	13.65	13.1	12.49	4.69	12.63	11.44	11.62	30.86	31.16	31.54
Public	29.02	29.6	29.31	36.6	27.94	28.71	28.69	10.42	10.33	10.05
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	484.81	484.81	484.81	484.81	484.81	484.81	484.81	727.22	727.22	727.22
FII	54.93	54.66	63.09	67.86	74.71	78.68	77.12	101.99	98.94	97.58
DII	128.51	123.3	117.54	44.17	118.87	107.69	109.37	435.75	440.03	445.4
Public	273.16	278.65	275.97	344.58	263.02	270.23	270.12	147.16	145.94	141.93
Others	0	0	0	0	0	0	0	0	0	0
Total	941.42	941.42	941.42	941.42	941.42	941.42	941.42	1412.12	1412.12	1412.12

Pros

Stock is trading at 0.9 times its book value
Debtor days have improved from 41.77 to 32.23days.

Cons

Company has a low return on equity of 13% over the last 3 years.
The company has delivered a poor profit growth of 4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.