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Indian Oil Corporation Limited IOC.NS

IN · National Stock Exchange of India · XNSE · stock · Energy · website

Indian Oil Corporation Limited statistics & valuation

Market cap₹1.97T
P / E4.7×
P / S0.3×
P / B0.9×
P / FCF4.1×
Net margin5.4%
FCF margin6.2%
Net debt₹1.30T
Enterprise value USD$34.3B
Earnings yield EBIT/EV20.9%
Return on capital21.5%
Graham number +134.6%₹326.99

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹326.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.20% 5.40% 1.80% 5.40% 2023202420252026
Gross margin (%)
6.80% 13.70% 8.90% 14.00% 2023202420252026
Operating margin (%)
3.10% 7.90% 2.90% 8.80% 2023202420252026
Return on equity (%)
7.00% 22.80% 7.30% 19.20% 2023202420252026
Shares outstanding
14.12B 14.12B 14.12B 14.12B 2023202420252026
Net debt (₹)
₹1.48T ₹1.31T ₹1.52T ₹1.30T 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
2.20% 8.70% 2.70% 8.00% 2023202420252026
Free cash flow margin (%)
-0.40% 4.40% -0.10% 6.20% 2023202420252026
Debt / equity (×)
1.07× 0.72× 0.82× 0.60× 2023202420252026
EPS (₹)
₹7.11 ₹30.30 ₹9.87 ₹30.57 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Indian Oil Corporation Limited trades at about 4.6× earnings — below its 10-year norm (10-year range 4.7×–14×, median 11.4×).

4.6× 14×

Shaded band = 10-year range (4.7×–14×); dot = today's 4.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin14.0%8.9%13.7%6.8%
Operating margin8.8%2.9%7.9%3.1%
Net margin5.4%1.8%5.4%1.2%
FCF margin6.2%-0.1%4.4%-0.4%
Return on assets8.0%2.7%8.7%2.2%
Return on equity19.2%7.3%22.8%7.0%
Debt / equity0.25×0.28×0.26×0.45×
Current ratio0.740.680.730.77

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.