NSE: IOC | BSE: 530965 | INDUSTRY : OIL MARKETING & DISTRIBUTION | SECTOR : OIL & GAS

Indian Oil Corporation Ltd.

Await Turnaround

78.25 0.55 (0.71%)

47.47% Fall from 52W High

Volume: 13.7M

NSEOct 23, 2020 03:31 PM

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Durability score
35/100
Low Financial Strength
Valuation score
30.7/100
Mid Valuation
Momentum score
39.3/100
Technically Neutral
3S
18W
6O
3T


Indian Oil Corporation Ltd.    
06 Aug 2020
78.25
0.71%
buy
by SMC online
SMC online
Depreciation rose 10% to Rs 2613.12 crore. PBT was down 42% to Rs 2983.38 crore. Tax expense decreased 54% to Rs 854.15 crore. PAT was down 35% to Rs 2129.23 crore. Considering share of profit or losses of associates and minority interest, net profit of the company reported 40% fall to Rs 2226.8 crore. Promoter shareholding remains unchanged at 51.5% at the end of June'20 quarter compared...
Indian Oil Corporation Ltd. has lost -45.85% in the last 1 Year
Indian Oil Corporation Ltd.    
05 Aug 2020
78.25
0.71%
buy
by Nirmal Bang Institutional
Target: 146 | Upside : 86.6%
Nirmal Bang Institutional
NBIE Values your patronage- Vote for The Team in the Asia Money poll 2020. Click Here We maintain Buy on Indian Oil Corp (IOC) based on our trimmed TP of Rs146. Our buy call is based on: (i) improved outlook for retail margins under sub US$4050/bbbl (ii) refining and petchem margins are at trough levels and could revive over the next 1-2 years based on likely closure of capacities and iii) compelling valuations post the sharp 34% fall in the stock price in the last one year that has priced in worries over policy/volatility in margins and likely risk of increasing competition from private retailers/alternative fuels. IOC's 1QFY21 adjusted PAT at...
Indian Oil Corporati.. has an average target of 125.33 from 11 brokers.
Indian Oil Corporation Ltd.    
04 Aug 2020
78.25
0.71%
buy
by ICICI Securities Limited
Target: 90 | Target met
ICICI Securities Limited
Hike in retail prices support marketing margins Global oil prices fell to multi-year lows in April due to a sharp reduction in demand. With increase in demand following a resumption of economic activities, oil prices recovered. Brent crude oil prices on a closing basis increased by US$19.4/bbl QoQ to US$40.9/bbl. IOC reported marketing inventory gain of | 1392 crore. Core marketing margins were stable during the quarter as the company increased petrol & diesel prices post excise duty hike. IOC's marketing sales de-grew 29.2% YoY to 15.2 MMT (our estimate:...
default
Number of FIIs/FPIs holding stock fell by 24 to 531 in Sep 2020 qtr.
Indian Oil Corporation Ltd.    
03 Aug 2020
78.25
0.71%
buy
by HDFC Securities
Target: 96 | Upside : 22.7%
HDFC Securities
Tata Motors: In 1QFY21, Tata Motors reported a loss of Rs 84bn due to the impact of the lockdown on the India business and at JLR. The silver lining was that CJLR (China JV) has broken even this quarter as retails in China recovered sharply. Tata Motors is continuing with its cost-cutting initiatives (Charge+ savings target is raised to GBP 2.5bn for FY21 from GBP 1.5bn earlier). The company is moving ahead with the subsidiarisation plans for the India passenger car business. Geopolitical uncertainties will partially offset the improving outlook, in our view. Reiterate ADD. Sun Pharma: Suns Q1 EBIDTA/PAT beat expectations on account of improved gross margin (product mix, productivity) and lower expenses (SG&A; and R&D;). India business grew by 3% YoY (chronic led). The US business declined 25% QoQ, impacted by muted trends in specialty (in line with expectations) and generics (Taro, price erosion). However, market share for specialty products were maintained at pre-Covid levels. The scale up in specialty is key to drive operating leverage and margins. While the costs pertaining to this business are largely expensed, the revenue traction is yet to be seen. Suns balance sheet continues to remain strong (repaid ~USD200mn debt in Q1). We increase our EPS estimates by 4%/7% to factor the beat and improvement in gross margin. We maintain Add rating with revised TP of Rs535. Indian Oil Corporation: We maintain ADD on IOC with a target price of INR 96, owing to an expected recovery in demand for petroleum products and, subsequently, refining margins in 2HFY21E....
Indian Oil Corporation Ltd. is trading above it's 30 day SMA of 76.8
Indian Oil Corporation Ltd.    
29 Jun 2020
78.25
0.71%
buy
by SMC online
SMC online
Indian Oil net sales fell 6% to Rs 118007.32 crore for the quarter ended Mar20 compared to corresponding previous year period. This included subsidy from the government of Rs 133.37 crore down 77% on a y-o-y basis. Excluding compensation from the government net sales of the...
Indian Oil Corporation Ltd. has lost -45.85% in the last 1 Year
Indian Oil Corporation Ltd.    
26 Jun 2020
78.25
0.71%
buy
by Nirmal Bang Institutional
Target: 148 | Upside : 89.1%
Nirmal Bang Institutional
NBIE Values your patronage- Vote for The Team in the Asia Money poll 2020. Click Here We maintain Buy on Indian Oil Corp (IOC) based on our raised TP of Rs148. We are raising earnings 130% in FY21E, respectively after the 4QFY20 results con-call based on new assumption for FY21E (a) low risk of inventory loss in FY21/ possible gains in FY22, and b) improved petchem assumptions that offset the cut in refining and marketing volumes; and reduced retail margin Rs3.5/lit vs. Rs5.25/lit. Our buy call is based on: (i) improved outlook for retail margins under...
Indian Oil Corporation Ltd. has lost -45.85% in the last 1 Year
Indian Oil Corporation Ltd.    
26 Jun 2020
78.25
0.71%
buy
by ICICI Securities Limited
Target: 90 | Target met
ICICI Securities Limited
A sharp reduction in oil demand owing to Covid-19 outbreak resulted in a significant drop in crude oil prices. As a result, average Brent crude oil prices declined by US$12/bbl QoQ to US$50.6/bbl with closing Brent price at US$21.5/bbl. On account of the same, the company reported marketing inventory loss of | 2291 crore. However, core marketing margins were relatively steady during the quarter. IOC's marketing sales de-grew 4.5% YoY to 20.7 MMT (our estimate: 19 MMT) on account of lower diesel sales. Going forward, considering the extended lockdown in Q1FY21E, we expect...
Indian Oil Corporation Ltd. has lost -45.85% in the last 1 Year
Indian Oil Corporation Ltd.    
26 Jun 2020
78.25
0.71%
buy
by IDBI Capital
Target: 86 | Target met
IDBI Capital
IOC's Q4FY20 result was impacted negatively by higher inventory losses (Rs184.8 bn) and higher forex loss (Rs27.2 bn). Further, marketing and petchem EBITDA was a drag to profits owing to lower marketing margins, lower volume and lower polymer delta. Reported GRM came at a negative US$9.6/bbl whereas normalised GRM reported by IOC was US$2.2/bbl (inventory loss of US$17.9/bbl). Refinery utilisation has already reached to nearly 90% in first three weeks of June (40% in Apr and ~62% in May) and management expect it to normalise within a month. We expect GRM of US$3/bbl and US$4/bbl in FY21 and FY22 respectively while marketing margin to remain stable on a...
Indian Oil Corporation Ltd. is trading above it's 30 day SMA of 76.8
Indian Oil Corporation Ltd.    
25 Jun 2020
78.25
0.71%
buy
by HDFC Securities
Target: 94 | Target met
HDFC Securities
We raise our standalone FY21/22 EPS estimate to INR 4.4/10.3 vs. (0.4)/9.2 owing to the change in tax rate to 25.2%. We raise our Core GRM estimates by USD 1.4/0 per barrel to USD 3.4/3.9 for FY21/22. We maintain ADD on IOC with a TP of INR 94 owing to an expected recovery in demand for petroleum products and subsequently, refining margins.
Indian Oil Corporati.. has an average target of 125.33 from 11 brokers.