Indian Oil Corporation Ltd Stock Analysis

BSE: 530965 | NSE: IOC | Refineries | Large Cap

BSE Share Price 23-Sep-2022 18:01
67.45 -0.35 (-0.52%)

DeciZen - Make an Informed Decision on Indian Oil Corp.

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Indian Oil Corp. Price Chart

P/E Ratio (SA) :
5.86
Market Cap :
95,247.8 Cr.
52-wk low :
67.5
52-wk high :
94.5
Bole Toh?

1. Is Indian Oil Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Oil Corporation Ltd is a average quality company.

2. Is Indian Oil Corporation Ltd undervalued or overvalued?

The key valuation ratios of Indian Oil Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Indian Oil Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Oil Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indian Oil Corp.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Oil Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.4%8.2%4.8%10.8%14.1%14.6%11.6%8.1%11.2%12.9%-
Value Creation Index -0.3-0.3-0.6-0.00.30.30.0-0.3-0.00.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,47,4014,73,6584,38,0943,47,6973,60,1494,24,0395,28,9824,89,3053,84,7635,98,1648,25,337
YoY Gr. Rt. %-5.9%-7.5%-20.6%3.6%17.7%24.8%-7.5%-21.4%55.5%-
Adj EPS 3.95.82.98.512.614.512.78.614.517.911.5
YoY Gr. Rt. %-49.6%-50.5%197.9%48.8%14.6%-12.2%-32.6%69%23.8%-
BVPS (₹) 4245.346.661.570.177.578.968.180.295.395.1
Adj Net Profit 5,6068,3984,15112,07818,40321,08017,94612,10720,44825,31916,254
Cash Flow from Ops. 11,61122,05044,52922,94427,79926,45712,4227,19048,78421,177-
Debt/CF from Ops. 73.91.22.322.2716.21.95.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%10.7%4.2%55.5%
Adj EPS 18.6%7.3%12.2%23.8%
BVPS 9.66.36.518.8
Share Price 4.8% -12.7% -10.4% -13.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.413.26.215.519.620.116.4122020.912.1
Op. Profit Mgn % 3.44.12.26.88.99.46.74.79.97.54.1
Net Profit Mgn % 1.31.813.55.153.42.55.34.22
Debt to Equity 1.31.30.80.60.60.50.81.20.90.8-
Working Cap Days 959490817683798589690
Cash Conv. Cycle 292721151922222728280

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 12.15%

Debt to equity has declined versus last 3 years average to 0.84

Sales growth is good in last 4 quarters at 42.47%

Return on Equity has declined versus last 3 years average to 12.10%

Sales growth has been subdued in last 3 years 4.18%

Latest Financials - Indian Oil Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 11.5 13.3
TTM Sales (₹ Cr.) 8,25,337 8,35,593
BVPS (₹.) 95.1 98.4
Reserves (₹ Cr.) 1,20,113 1,24,869
P/BV 0.71 0.69
PE 5.86 5.09
From the Market
52 Week Low / High (₹) 67.45 / 94.50
All Time Low / High (₹) 5.67 / 154.20
Market Cap (₹ Cr.) 95,248
Equity (₹ Cr.) 14,121.2
Face Value (₹) 10
Industry PE 25.1

Management X-Ray of Indian Oil Corp. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indian Oil Corp.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Indian Oil Corporation Ltd

Indian Oil Corporation (IOC), India's flagship national oil company and downstream petroleum major, was incorporated on June 30, 1959 as Indian Oil Company. The company was renamed as Indian Oil Corporation on September 1, 1964 following the merger of Indian Refineries (established 1958) with it. IOC is a public limited company incorporated and domiciled in India. Its shares are listed on Bombay Stock Exchange and National Stock Exchange in India. It also has global aspirations, fulfilled to an extent by the formation of overseas subsidiaries. It is pursuing diverse business interests with the setting up of various joint ventures with reputed business partners from India and abroad to explore global opportunities.

Business
 
Indian Oil is India's flagship Maharatna national oil company with business interests straddling the entire hydrocarbon value chain - from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations.

Product and services

  • Refining
  • Pipelines
  • Marketing
  • R&D Centre - Technology Licensing
  • Petrochemicals
  • Natural Gas
  • E & P
  • Explosives
  • Cryogenics

Awards

  • IndianOil has been voted as a ‘Great Place to Work’ for the year 2019. Ranked 29th on the list featuring the country’s business, academia and government organizations.
  • IndianOil has been ranked as the third strongest Indian brand in the latest annual report of UK-based Brand Finance. Basis its performance on multiple parameters such as marketing investment, stakeholder equity and business performance, the Company has been assigned a Brand Strength Index (BSI) score of 84.6 out of 100, making it the strongest oil & gas brand in the country.
  • IndianOil bagged the prestigious ‘Vigilance Excellence Award’ of the Central Vigilance Commission for its outstanding vigilance awareness initiatives during 2019.
  • IndianOil was felicitated with the Super Buyer Award-2019 in December 2019 for excellence in procurement through the Government e-Market Place.
  • IndianOil was adjudged first amongst PSUs in the 3rd Innovative Practices Awards-2019 for Sustainable Development Goals (SDGs) by the United Nations Global Compact Network-India at a felicitation ceremony held at Mumbai in May 2019.
  • IndianOil won recognition as the Best PSU/Corporate for promotion of sports at the annual Sportstar Aces Awards-2019.
  • IndianOil bagged the award for the best company in the Oil (Refining & Marketing) category at Dun & Bradstreet’s Annual Corporate Awards-2019 event held at Mumbai in June 2019.
  • IndianOil bagged the AIMA Managing India Award-2019 for Outstanding PSU of the Year.
  • IndianOil’s Corporate Social Responsibility (CSR) efforts received national recognition from the Government of India with the Ministry of Corporate Affairs felicitating select corporates for outstanding CSR initiatives for the very first time.
  • IndianOil bagged the Federation of Indian Petroleum Industry’s (FIPI) ‘Sustainably Growing Corporate of the Year’ award for excellence in sustainability performance and benefits extended to society and the environment, at a glittering awards ceremony held at New Delhi in December 2019.
  • IndianOil was bestowed with the ‘Company of the Year’ award in petrochemicals category by FICCI (Federation of Indian Chambers of Commerce and Industry) in November 2019.
  • IndianOil bagged the Swachhta Pakhwada Awards-2019, an MoP&NG initiative to honour companies that have done exemplary work during the Swachhta Pakhwada fortnight (July 1-15, 2019). IndianOil’s Panipat Refinery bagged the 2nd Best Swachh Refinery Award and IndianOil itself bagged the 3rd prize among undertakings which undertook the best initiatives during the fortnight.
  • IndianOil’s AmyleMax technology has won recognition as the Best Indigenously Developed Technology at the Refineries & Petrochemicals Technology Meet-2020 hosted by the Centre for High Technology in April 2019.
  • IndianOil and its lubricant brand SERVO have been conferred the Reader’s Digest Trusted Brands (2019) recognition for another successive year in June 19.
  • IndianOil was felicitated as the Best Performer in Maharatna category for promotion of SC/ST entrepreneurs during 2019 by the Ministry of Micro, Small and Medium Enterprises, Govt. of India.
  • IndianOil bagged the Express Supply Chain & Logistics Award for the ‘Most Humanitarian Supply Chain in POL Sector’ in recognition of its efforts in maintaining rescue supplies during Cyclone Fani on the east coast, floods in Kerala, and the rescue supplies provided to Indonesia in the aftermath of the Tsunami through the NDRF (National Disaster Response Force).
  • IndianOil was conferred the ‘Supply Chain and Logistics Excellence Award’ (SCALE Award) by CII (Confederation of Indian Industries) for the best supply chain management in the petroleum sector.
  • IATA (International Air Transport Association) honoured IndianOil with Award of Recognition at the Aviation Fuel Forum held in New Orleans, USA, in December 2019.
  • Best Swachh Iconic Place (SIP) Award 2019: SIP is a unique initiative of the Government of India, under which over 30 places of religious, tourist and archaeological importance are being developed with support from various public/private companies as CSR partners.
  • IndianOil was recognised as one of the top 10 digitally empowered PSUs of the country at the 17th Infotech Forum organised by Var India, India’s frontline IT magazine, in June 19.
  • Several IndianOil locations, including Bongaigaon and Guwahati refineries, Paradip Terminal, Panipat Marketing Complex, LPG bottling plant at Madurai, and Rajkot depot bagged the National Safety Awards in September 2019.
  • IOCian and India opener Rohit Sharma was adjudged the best sportsman of the Year (cricket) at the annual Sportstar Aces Awards-2019 given away at Mumbai in January 2020.
  • IndianOil was felicitated with Best Practices in CSR Award-2020 among PSUs at the 6th International Conference on CSR organised by the Institute of Public Enterprises, Hyderabad, in January 2020.
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