NSE: IOC | BSE: 530965

Mid-range Performer

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142.94 0.33 (0.23%)

29.10% Gain from 52W Low

4.6M NSE+BSE Volume

NSE 15 Sep, 2025 12:49 PM (IST)

201,849

Market Cap

Market Leader

1.1

Beta 1Year

High Volatility

Indian Oil Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for IOC, BSE:530965 Indian Oil Corporation Ltd.

Indian Oil Corporation Ltd.

21 May 2021

142.94

0.23%

Indian Oil Corporation Limited

Results Update: Indian Oil Corporation Ltd.

SMC online

Indian Oil Corporation net sales has increased 1.47% to Rs 119747.09 crore. Sales of Petroleum Products segment has gone up 16.21% to Rs 1,58,444.19 crore (accounting for 93.72% of total sales). Sales of Other Business Activities segment rose 2.50% to Rs 4,234.64 crore (accounting for 2.50% of total sales). Sales of Petrochemicals segment has gone up 48.75% to Rs 6,382.61...

Indian Oil Corporation Ltd.'s price crossed below 100Day SMA today

Indian Oil Corporation Ltd.

21 May 2021

142.94

0.23%

Indian Oil Corporation

Hold: Indian Oil Corporation Ltd.

Target

ICICI Securities Limited

Indian Oil Corporation (IOC) reported Q4FY21 profits better than our estimates, mainly driven by inventory gains. Revenues increased 11.6% QoQ to | 163605.7 crore (our estimate: | 170485 crore). The quarter saw strong inventory gains of US$8.1/bbl leading to reported GRMs at US$10.6/bbl (our estimate: US$4.5/bbl). EBITDA was at | 13501.8 crore (up 40.3% QoQ), above our estimate of | 7738.4 crore, mainly due to higher profitability in both refining and petchem segments. Subsequently, reported...

Indian Oil Corporati.. has an average target of 154.40 from 5 brokers.

Indian Oil Corporation Ltd.

20 May 2021

142.94

0.23%

Better margins lead beat; likely impact of lockdowns in 1QFY22

Buy: Indian Oil Corporation Ltd.

Target

Motilal Oswal

Lockdowns spurred by the second COVID wave in India have impacted demand for petroleum products. As stated by the company, petroleum product demand in India declined: 5%/11% for petrol/diesel in Apr'21 (v/s 2019) 33%/35% for petrol/diesel in May'21 (v/s 2019) Refinery utilization stood at ~96% in April and is at 84% in May'21; however, naphtha crackers are operating at 113% in May'21. Factoring in the same, we lower our FY22E EPS estimates by ~11%, primarily...

Number of FII/FPI investors increased from 730 to 757 in Jun 2025 qtr.

Indian Oil Corporation Ltd.

03 Feb 2021

142.94

0.23%

Indian Oil Corporation

Indian Oil Corporation Ltd.

SMC online

Indian Oil Corporation (IOC) Q3 results, Higher inventory gain and petrochemical margin boosts profits, beats estimates Indian Oil net sales fell 18% to Rs 101969.47 crore for the quarter ended Dec20 compared to corresponding previous year period. This included nil subsidy from the government compared...

Indian Oil Corporation Ltd. is trading below its 50 day SMA of 144.8

Indian Oil Corporation Ltd.

03 Feb 2021

142.94

0.23%

Indian Oil Corporation

Hold: Indian Oil Corporation Ltd.

Target

ICICI Securities Limited

Reported GRMs during the quarter were at US$2.2/bbl, below our estimate of US$4/bbl. Core GRMs were at US$1.2/bbl while inventory gain was US$1/bbl. Benchmark Singapore GRMs, while recovering from Q2 levels of US$0.1/bbl, still remained low at US$1.2/bbl in Q3FY21. Improvement in petrol & diesel cracks will be important for stable GRMs. Taking into account some improvement in demand for petroleum products, we expect GRMs at...

Indian Oil Corporation Ltd. is trading below its 50 day SMA of 144.8

Indian Oil Corporation Ltd.

02 Feb 2021

142.94

0.23%

Indian Oil Corporation: Q3FY21 Result Review

Buy: Indian Oil Corporation Ltd.

Recommendation Target

IDBI Capital

IOC's Q3FY21 result was a beat to our estimates owing to robust performance from marketing and petrochemicals business. The company also reported inventory gains of Rs26.3 bn (Rs9.2 bn for refinery and Rs17.1 bn for marketing). While core GRM came slightly below expectation at US$1/bbl (IDBIest US$1.5/bbl), marketing EBITDA/mt increased 33% and petrochem EBITDA/mt doubled YoY to US$335. Volume across segment rebounded to pre-covid levels where ATF is yet to catch up while Petrochem volume grew 25% YoY. Factoring higher marketing margin and up cycle in petrochem, we raise FY22E/FY23E EBITDA estimates by 11%/9%. We raise our TP to Rs113 from Rs87 earlier and...

Indian Oil Corporation Ltd. is trading below its 50 day SMA of 144.8

Indian Oil Corporation Ltd.

03 Nov 2020

142.94

0.23%

Indian Oil Corporation: Q2FY21 Result Review

Accumulate: Indian Oil Corporation Ltd.

Target

IDBI Capital

IOC's Q2FY21 result was a beat to our estimates owing to significantly higher inventory gains. Adjusting to this, result was below our forecast on the back of negative core GRM and lower than expected marketing profits. Reported GRM came at US$8.6bbl owing to inventory gain of Rs73bn (US$9.6/bbl) while core GRM stood at negative US$1/bbl. IOC's crude throughput declined 20% YoY to 14mmt while sales volume dipped 6% YoY to 18.9mmt. While Petchem EBITDA grew a robust 56% YoY to Rs12.1 bn on better polymer cracks, pipeline EBITDA saw a decline of 19% due to 20% lower volume. Overall the company expects capex of Rs210 bn in FY21 and expects 100% utilization from Q3FY21...