Valuation Indian Oil Corporation Limited

Stocks

IOC

INE242A01010

Oil & Gas Refining and Marketing

Market Closed - NSE India S.E. Other stock markets 12:05:08 09/06/2026 BST			5-day change	1st Jan Change
138.13 ^INR	+1.87%		-0.48%	-17.02%

06-08	Chinese refiners delay projects with Middle East oil supply disrupted	RE
06-08	India Defends INR29 Increase in LPG Prices	MT

Company Valuation: Indian Oil Corporation Limited

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	843,279	1,092,085	1,072,805	2,310,179	1,758,628	1,902,266	-	-
Change	-	29.5%	-1.77%	115.34%	-23.87%	8.17%	-	-
Enterprise Value (EV) ¹	1,791,329	2,214,160	2,322,013	3,381,745	3,232,272	3,067,381	3,324,534	3,226,283
Change	-	23.6%	4.87%	45.64%	-4.42%	-5.1%	1.62%	-2.96%
P/E ratio	3.9x	4.35x	11x	5.54x	12.9x	4.43x	20.8x	7.99x
PBR	0.75x	0.83x	0.77x	1.29x	0.94x	0.85x	0.85x	0.79x
PEG	-	0.3x	-0.2x	0x	-0.2x	0x	-0.3x	0x
Capitalization / Revenue	0.23x	0.19x	0.13x	0.3x	0.23x	0.24x	0.21x	0.21x
EV / Revenue	0.49x	0.38x	0.28x	0.44x	0.43x	0.39x	0.36x	0.36x
EV / EBITDA	4.29x	4.64x	7.56x	4.47x	8.98x	3.98x	7.4x	5.62x
EV / EBIT	5.81x	6.26x	13.3x	5.66x	16.8x	5.23x	14.7x	8.94x
EV / FCF	6.88x	125x	-78.5x	9.97x	-2,145x	6.42x	-37.4x	16.3x
FCF Yield	14.5%	0.8%	-1.27%	10%	-0.05%	15.6%	-2.67%	6.13%
Dividend per Share ²	8	8.4	3	12	3	8.124	3.404	6.236
Rate of return	13.1%	10.6%	3.85%	7.15%	2.35%	5.88%	2.46%	4.51%
EPS ²	15.71	18.23	7.11	30.3	9.87	30.57	6.638	17.28
Distribution rate	50.9%	46.1%	42.2%	39.6%	30.4%	32.3%	51.3%	36.1%
Net sales ¹	3,639,497	5,893,357	8,417,559	7,763,518	7,581,058	7,844,154	9,273,744	9,053,311
EBITDA ¹	417,818	477,417	306,990	755,908	359,905	770,616	449,424	573,891
EBIT ¹	308,403	353,941	175,179	597,247	192,132	586,414	226,715	360,878
Net income ¹	216,382	251,022	97,921	417,297	135,978	420,963	89,088	239,863
Net Debt ¹	948,051	1,122,075	1,249,208	1,071,565	1,473,644	1,202,712	1,422,268	1,324,017
Reference price ²	61.23	79.30	77.90	167.75	127.70	138.13	138.13	138.13
Nbr of stocks (in thousands)	13,771,561	13,771,561	13,771,561	13,771,561	13,771,561	13,771,561	-	-
Announcement Date	19/05/21	17/05/22	16/05/23	30/04/24	30/04/25	18/05/26	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
INDIAN OIL CORPORATION LIMITED	5.39x	0.43x	4.75x	5.99%	19.6B
EXXON MOBIL CORPORATION	12.78x	1.62x	7.23x	2.73%	629B
RELIANCE INDUSTRIES LTD	19.73x	1.65x	9.46x	0.51%	179B
BP PLC	8.03x	0.57x	2.84x	4.69%	113B
CHINA PETROLEUM & CHEMICAL CORPORATION	10.19x	0.28x	4.63x	6.99%	82.76B
MARATHON PETROLEUM CORPORATION	7.91x	0.69x	5.92x	1.53%	77.7B
VALERO ENERGY CORPORATION	8.38x	0.6x	5.66x	1.86%	76.72B
SUNCOR ENERGY INC.	9.31x	1.8x	4.77x	2.76%	74.73B
PHILLIPS 66	9.17x	0.59x	6.89x	2.75%	73.54B
IMPERIAL OIL LIMITED	11.87x	1.39x	7.65x	2.01%	59.44B
Average	10.28x	0.96x	5.98x	3.18%	138.56B
Weighted average by Cap.	12.10x	1.28x	6.68x	2.76%