Valuation Indian Oil Corporation Limited

Equities

IOC

INE242A01010

Oil & Gas Refining and Marketing

Market Closed - NSE India S.E. Other stock markets 04:35:08 05/06/2026 pm IST			5-day change	1st Jan Change
138.26 ^INR	-0.50%		-1.41%	-16.94%

05/06	W.Africa Crude-Differentials steady at week's end	RE
04/06	W.Africa Crude-Angolan offers steady to lower for July, despite Middle East disruptions	RE

Company Valuation: Indian Oil Corporation Limited

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	8,43,279	10,92,085	10,72,805	23,10,179	17,58,628	19,04,056	-	-
Change	-	29.5%	-1.77%	115.34%	-23.87%	8.27%	-	-
Enterprise Value (EV) ¹	17,91,329	22,14,160	23,22,013	33,81,745	32,32,272	30,67,381	33,26,324	32,28,073
Change	-	23.6%	4.87%	45.64%	-4.42%	-5.1%	1.61%	-2.95%
P/E ratio	3.9x	4.35x	11x	5.54x	12.9x	4.43x	20.8x	8x
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	8.95x
EV / FCF	6.88x	125x	-78.5x	9.97x	-2,145x	6.42x	-37.5x	16.3x
FCF Yield	14.5%	0.8%	-1.27%	10%	-0.05%	15.6%	-2.67%	6.12%
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	36,39,497	58,93,357	84,17,559	77,63,518	75,81,058	78,44,154	92,73,744	90,53,311
EBITDA ¹	4,17,818	4,77,417	3,06,990	7,55,908	3,59,905	7,70,616	4,49,424	5,73,891
EBIT ¹	3,08,403	3,53,941	1,75,179	5,97,247	1,92,132	5,86,414	2,26,715	3,60,878
Net income ¹	2,16,382	2,51,022	97,921	4,17,297	1,35,978	4,20,963	89,088	2,39,863
Net Debt ¹	9,48,051	11,22,075	12,49,208	10,71,565	14,73,644	12,02,712	14,22,268	13,24,017
Reference price ²	61.23	79.30	77.90	167.75	127.70	138.26	138.26	138.26
Nbr of stocks (in thousands)	1,37,71,561	1,37,71,561	1,37,71,561	1,37,71,561	1,37,71,561	1,37,71,561	-	-
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	5.52x	0.43x	4.81x	5.85%	2TCr
EXXON MOBIL CORPORATION	12.8x	1.62x	7.25x	2.73%	63TCr
RELIANCE INDUSTRIES LTD	20.36x	1.7x	9.84x	0.5%	18TCr
BP PLC	8.05x	0.57x	2.85x	4.68%	11TCr
CHINA PETROLEUM & CHEMICAL CORPORATION	10.72x	0.28x	4.61x	6.65%	8.24TCr
MARATHON PETROLEUM CORPORATION	7.88x	0.7x	5.92x	1.53%	7.8TCr
SUNCOR ENERGY INC.	9.61x	1.85x	4.92x	2.67%	7.73TCr
VALERO ENERGY CORPORATION	8.37x	0.6x	5.66x	1.85%	7.69TCr
PHILLIPS 66	8.81x	0.59x	6.82x	2.74%	7.38TCr
IMPERIAL OIL LIMITED	12.23x	1.43x	7.87x	1.95%	6.13TCr
Average	10.44x	0.98x	6.05x	3.11%	13.97TCr
Weighted average by Cap.	12.26x	1.29x	6.76x	2.72%