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Indian Oil Corporation Ltd.

Crude OilRefineries

www.iocl.com BSE: 530965NSE: IOC

₹127.95BSE1.58%

23 Oct, 1:50 PM

₹127.95

₹1.84L Cr

5.48

0.85

21.52%

₹130.30

₹126.40

₹188.90

₹124.95

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Price Performance

Peer Comparison

Name
RELIANCE RELIANCE	1,183.70	21.30	16,01,846.61	0.51	23,196.00	-24.65%	3,11,850.00	25.41%	12.17
Indian Oil Corporation Ltd. IOC	127.95	5.48	1,84,282.16	5.36	-1,141.09	-116.76%	2,81,933.07	27.08%	19.69
BHARAT PET. BPCL	280.20	7.26	1,21,564.92	6.11	-1,872.70	-127.38%	1,59,527.05	23.08%	27.09
HIND.PETRO HINDPETRO	332.75	50.71	70,803.29	7.08	3,625.22	-6.07%	1,39,113.50	26.01%	23.10
MRPL MRPL	163.70	6.62	28,690.04	2.40	1,900.76	202.98%	35,590.40	37.13%	18.13
CHENNAI PET. CHENNPETRO	1,486.50	3.80	22,135.68	4.26	2,247.03	212.44%	22,055.45	10.09%	35.15

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,23,649.85	2,19,864.34	1,98,615.80	2,19,522.35	2,21,360.24	2,21,849.02	2,06,447.11	2,36,257.24	2,36,899.33	2,81,933.07
Expenses	2,11,675.12	2,09,942.90	1,95,148.72	2,11,949.66	2,06,211.84	2,08,581.56	1,90,202.11	2,13,511.85	2,11,436.81	2,77,871.06
	11,974.73	9,921.44	3,467.08	7,572.69	15,148.40	13,267.46	16,245.00	22,745.39	25,462.52	4,062.01
	5.35%	4.51%	1.75%	3.45%	6.84%	5.98%	7.87%	9.63%	10.75%	1.44%
	1,449.23	531.07	1,880.55	1,701.24	1,238.89	583.25	644.33	1,160.45	1,774.96	445.95
Interest	2,147.11	2,079.82	2,546.37	2,457.90	2,174.66	2,070.05	2,269.69	2,088.02	1,880.12	1,729.53
	4,093.75	4,102.82	4,065.12	4,284.05	4,447.60	4,178.63	4,227.22	4,457.48	6,215.63	4,408.15
	7,419.64	4,841.04	-588.71	2,766.47	10,044.65	8,750.48	11,103.71	17,826.85	19,791.04	-932.59
	26.04%	23.10%	23.77%	22.38%	16.70%	22.20%	26.23%	24.26%	23.32%	-22.36%
	5,148.87	3,528.49	-169.58	2,115.29	8,123.64	6,813.71	7,817.55	13,006.92	14,458.08	-1,630.74
	3.65	2.50	-0.12	1.50	5.75	4.83	5.54	9.21	10.24	-1.15

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	7,50,326.04	9,70,355.79	8,81,235.45	8,59,362.73	9,01,452.70
Less: Excise Duty	1,47,395.10	1,09,654.03	1,04,883.60	1,01,256.92	1,17,037.27
	5,89,321.20	8,41,755.91	7,76,351.85	7,58,105.81	7,84,415.43
EXPENDITURE :
Increase/Decrease in Stock	-13,710.98	-6,329.71	1,290.52	-789.75	5,562.28
Raw Material Consumed	5,00,663.88	7,54,191.78	6,37,503.30	6,57,575.25	6,27,561.53
Power & Fuel Cost	7,999.14	8,332.18	9,098.44	11,791.81	10,577.59
Employee Cost	11,582.92	9,359.14	11,670.94	10,879.86	11,434.58
Other Manufacturing Expenses	27,844.89	31,272.72	32,954.80	33,597.79	34,741.42
General and Administration Expenses	3,272.36	4,302.13	4,272.87	4,429.58	4,395.16
Selling and Distribution Expenses	2,039.96	1,994.97	2,346.92	1,954.80	2,034.26
Miscellaneous Expenses	3,024.45	9,715.52	2,880.44	4,097.66	12,362.47
Less: Expenses Capitalised	1,153.37	1,765.52	1,316.42	1,471.13	1,361.73
	5,41,563.25	8,11,073.21	7,00,701.81	7,22,065.87	7,07,307.56
Operating Profit (Excl OI)	47,757.95	30,682.70	75,650.04	36,039.94	77,107.87
	3,096.76	4,261.70	3,838.56	3,513.73	4,162.99
	50,854.71	34,944.40	79,488.60	39,553.67	81,270.86
Interest	5,454.07	7,587.85	7,880.63	9,311.33	8,354.10
PBDT	45,400.64	27,356.55	71,607.97	30,242.34	72,916.76
	12,347.58	13,181.05	15,866.11	16,777.34	18,420.24
Profit Before Taxation & Exceptional Items	33,053.06	14,175.50	55,741.86	13,465.00	54,496.52
Exceptional Income / Expenses				1,838.02
	34,288.62	15,037.69	57,287.79	17,063.45	57,472.08
Provision for Tax	8,562.02	3,333.43	14,126.64	3,274.62	13,794.76
	25,726.60	11,704.26	43,161.15	13,788.83	43,677.32
Extra items	0.00	0.00	0.00	0.00	0.00
Minority Interest	-624.37	-1,912.14	-1,431.46	-190.99	-1,581.06
Consolidated Net Profit	25,102.23	9,792.12	41,729.69	13,597.84	42,096.26
Profit Balance B/F	1,713.18	3,050.99	9,657.51	39,032.50	19,095.34
Appropriations	26,815.41	12,843.11	51,387.20	52,630.34	61,191.60
Equity Dividend %	126.00%	30.00%	120.00%	30.00%	70.00%
	27.34	7.11	30.30	9.87	30.57
Adjusted EPS	18.23	7.11	30.30	9.87	30.57

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	9,181.04	13,771.56	13,771.56	13,771.56	13,771.56
Total Reserves	1,24,354.14	1,25,948.68	1,69,644.71	1,72,715.76	2,05,745.99
Reserve excluding Revaluation Reserve	1,24,354.14	1,25,948.68	1,69,644.71	1,72,715.76	2,05,745.99
	1,33,535.18	1,39,720.24	1,83,416.27	1,86,487.32	2,19,517.55
Minority Interest	1,591.47	3,494.10	4,746.71	4,537.34	6,029.56
Secured Loans	306.55	74.19	24.70	1,758.74	1,154.51
Unsecured Loans	55,637.99	63,238.75	46,768.20	49,997.01	54,154.48
Deferred Tax Assets / Liabilities	15,354.37	16,800.42	18,960.70	20,664.96	21,615.85
Other Long Term Liabilities	9,749.32	10,345.60	10,626.67	11,356.78	13,835.57
Long Term Provisions	7,209.96	14,981.10	10,853.86	15,119.07	15,536.03
Total Non-Current Liabilities	88,258.19	1,05,440.06	87,234.13	98,896.56	1,06,296.44
Trade Payables	49,061.85	54,734.13	59,454.10	60,534.94	57,368.69
Other Current Liabilities	79,893.64	80,858.55	85,954.68	86,355.77	92,814.23
Short Term Borrowings	53,514.93	60,859.35	59,393.75	74,032.48	49,503.09
Short Term Provisions	16,534.66	10,185.65	22,323.49	10,052.71	22,643.80
Total Current Liabilities	1,99,005.08	2,06,637.68	2,27,126.02	2,30,975.90	2,22,329.81
Total Liabilities	4,22,414.98	4,55,303.14	5,02,541.90	5,20,912.10	5,54,208.79
Gross Block	2,17,038.20	2,47,127.54	2,78,661.58	2,99,818.34	3,19,527.70
Less: Accumulated Depreciation	55,589.05	66,093.74	81,668.53	97,720.52	1,08,699.90
Less: Impairment of Assets	934.80	986.23	995.26	955.65	2,258.52
Net Block	1,60,514.35	1,80,047.57	1,95,997.79	2,01,142.17	2,08,569.28
Capital Work in Progress	44,049.82	47,550.08	57,316.86	73,740.41	82,896.79
Non Current Investments	44,338.76	41,753.92	55,162.04	56,849.59	66,160.99
Long Term Investment	44,338.76	41,753.92	55,162.04	56,849.59	66,160.99
Long Term Loans & Advances	15,993.85	22,497.29	19,560.98	25,322.43	23,625.79
Other Non Current Assets	1,072.54	1,034.01	1,605.19	1,700.87	1,833.07
Total Non-Current Assets	2,69,388.77	2,96,466.26	3,33,358.42	3,62,936.34	3,86,238.58
Currents Investments	8,013.30	10,436.54	10,379.86	10,368.91	7,136.54
Inventories	1,11,736.51	1,21,107.58	1,21,375.83	1,13,878.49	1,17,132.72
Sundry Debtors	18,700.42	16,398.69	13,831.45	18,433.57	14,634.83
Cash and Bank	1,820.14	2,096.64	3,157.05	2,645.48	4,414.66
Other Current Assets	1,641.02	1,952.54	1,580.62	2,401.19	2,742.35
Short Term Loans and Advances	10,326.67	5,861.46	17,627.24	8,736.27	20,273.58
Total Current Assets	1,52,238.06	1,57,853.45	1,67,952.05	1,56,463.91	1,66,334.68
Net Current Assets (Including Current Investments)	-46,767.02	-48,784.23	-59,173.97	-74,511.99	-55,995.13
Total Assets	4,22,414.98	4,55,303.14	5,02,541.90	5,20,912.10	5,54,208.79
Contingent Liabilities	8,931.92	14,408.87	14,155.01	18,951.11	18,742.09
Total Debt	1,23,550.10	1,40,114.82	1,23,453.57	1,42,559.90	1,20,089.13
	145.45	101.46	133.18	135.41	159.40
Adjusted Book Value	96.96	101.46	133.18	135.41	159.40

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	34,288.62	15,037.69	57,287.79	17,063.45	57,472.08
Adjustment	13,648.92	21,764.87	19,507.37	21,381.82	27,159.50
Changes In working Capital	-14,649.82	-5,689.34	6,256.23	-898.82	2,922.95
Cash Flow after changes in Working Capital	33,287.72	31,113.22	83,051.39	37,546.45	87,554.53
Cash Flow from Operating Activities	25,746.67	29,643.72	71,146.41	34,452.40	76,142.08
Cash Flow from Investing Activities	-21,293.57	-28,029.56	-31,511.53	-31,641.31	-22,273.78
Cash Flow from Financing Activitie	-4,057.70	-1,794.40	-39,384.64	-3,421.33	-52,671.57
Net Cash Inflow / Outflow	395.40	-180.24	250.24	-610.24	1,196.73
Opening Cash & Cash Equivalents	781.19	1,176.59	996.35	1,246.59	636.35
Closing Cash & Cash Equivalent	1,176.59	996.35	1,246.59	636.35	1,833.08

Ratios

Valuation

5.48

0.85

4.14

0.19

23.83

154.40

Profitability

21.52

19.69

8.13

8.55

4.85

Leverage & Liquidity

0.55

0.75

7.88

Returns

5.36

1.68

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	51.51	51.50	51.51	51.50	51.50	51.50	51.51	51.50	51.50	51.51
	37.40	37.91	37.08	36.93	37.34	37.70	38.15	38.53	38.17	38.13
	11.09	10.60	11.41	11.57	11.15	10.80	10.34	9.97	10.32	10.37
	48.49	48.50	48.49	48.50	48.50	48.50	48.49	48.50	48.50	48.49
No. of Shareholders	27,29,165	27,81,746	30,82,717	31,89,614	30,80,100	29,75,614	28,15,980	27,89,940	28,59,833	28,36,871

Mutual Funds Invested(199)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 73 active funds hold 2.33% in Indian Oil Corporation Ltd., contributing to ₹4.44K Cr of holdings

Fund				As of
KO Kotak Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	518.53	0.69	3,84,29,625	Sep '26
SB SBI Contra Fund - Growth - Direct PlanEquity - Contra Fund	486.42	1.08	3,60,49,578	Sep '26
IP ICICI Prudential Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	370.12	0.73	2,74,30,547	Sep '26
IP ICICI Prudential Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	310.53	0.98	2,30,13,899	Sep '26
IP Bharat 22 ETFIndex	282.08	2.96	2,10,27,317	Sep '26
SB SBI Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	260.94	0.56	1,93,39,125	Sep '26
SB SBI Energy Opportunities Fund - Growth - Direct PlanEnergy & Power	238.11	2.99	1,76,47,288	Sep '26
IP ICICI Prudential Energy Opportunities Fund - Growth - Direct PlanEnergy & Power	204.82	2.55	1,51,80,032	Sep '26
IP ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	201.06	2.06	1,49,01,122	Sep '26
IP ICICI Prudential India Opportunities Fund - Growth - Direct PlanEquity - Thematic Fund - Other	187.54	0.51	1,38,98,769	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-13	Board Meeting	Quarterly Results
2026-08-03	AGM
2026-07-17	Board Meeting	Quarterly Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Crude OilRefineries

Indian Oil Corporation Ltd. operates in the Crude Oil sector under the Refineries industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Kamal Kumar Gwalani

Company Secretary & Compliance Officer

—

Arvinder Singh Sahney

Chairman

₹1.03 Cr

Mar '26

Anuj Jain

Whole Time Director - Finance

₹79.03 L

Mar '26

Rashmi Govil

Whole Time Director - Human Resources

₹92.33 L

Mar '26

Arvind Kumar

Whole Time Director - Refineries

₹1.26 Cr

Mar '26

Suman Kumar

Whole Time Director - Planning & Business Development

₹89.00 L

Mar '26

Sujata Sharma

Government Nominee Director

—

A Amarnath

Government Nominee Director

—

Saumitra P Srivastava

Whole Time Director - Marketing

₹35.82 L

Mar '26

IOC Latest News

News

9 of 9 articles

COMPANY21 Sept 2026 · 15:38

Indian Oil Corporation gets nod to invest Rs 2,448.70 crore in KTPL project

The Board of Directors of the company, at its meeting held on September 21, 2026, has approved the same

EQUITY11 Aug 2026 · 17:12

Indian Oil Corporation informs about press release

EQUITY29 Jul 2026 · 14:24

Indian Oil Corporation informs about conference call

EQUITY8 Jul 2026 · 14:52

Indian Oil Corporation informs about newspaper publication

COMPANY19 May 2026 · 10:41

Indian Oil Corporation reports 78% jump in Q4 consolidated net profit

Consolidated total income of the company increased by 7.22% at Rs 238,674.29 crore for Q4FY26

EQUITY19 May 2026 · 10:20

Indian Oil Corporation surges on getting nod to form JV for setting up sustainable aviation fuel project

The Board of Indian Oil Corporation, at its meeting held on May 18, 2026, has approved the same

COMPANY19 May 2026 · 10:09

Indian Oil Corporation gets nod to form JV for setting up sustainable aviation fuel project

The Board of Indian Oil Corporation, at its meeting held on May 18, 2026, has approved the same

EQUITY18 May 2026 · 21:47

Indian Oil Corp. reports Profit after tax of Rs 113775.10 Mln, in the March 2026 quarter

EQUITY16 May 2026 · 16:05

Indian Oil Corporation informs about credit ratings

IOC

₹127.95

-1.58%