Indian Oil Corporation logo

Indian Oil Corporation share price

NSE: IOCBSE: 530965Petroleum ProductsLarge Cap

Indian Oil Corporation Limited · Face value ₹10 · Listed Aug 1995 on BSE, Jul 1996 on NSE
Last close ₹131.75up ₹0.90 (0.69%)BSE ₹131.60

Share price at the NSE close on 27 Oct 2026. Previous close ₹130.85.

27 Oct: open ₹130.49, high ₹131.99, low ₹129.60

52-week range of traded prices to 27 Oct 2026
₹124.92Low, 14 Oct 2026₹188.96High, 27 Feb 2026
Market cap
₹1,86,047 Cr41st largest listed
P/E
5.53
P/B
0.85
Dividend yield
6.26%
ROE
16.6%
ROCE
13.8%
Debt to equity
0.58
Volume, NSE
1,95,28,93171.4% delivered

Indian Oil Corporation share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−15.1%over a year · Nifty Oil & Gas −10.7% · Nifty 500 −8.8%

ResultsDividend20-session average 89,45,457 shares a day, 53.3% delivered

About Indian Oil Corporation

Indian Oil Corporation Limited (IndianOil) refines crude oil into fuels and sells fuels, gas and petrochemicals across India.1 Through its retail outlets, liquefied petroleum gas (LPG) distributors and airport fuelling stations, it serves households, transport users, industry and airlines.1 It also holds oil and gas interests in India and overseas, and is investing in renewable power, green hydrogen, sustainable aviation fuel and biofuels.2

Its businesses are refining, pipelines and marketing; petrochemicals such as polymers and fibre intermediates; natural gas, from imports of liquefied natural gas (LNG) to city gas distribution (piped gas and compressed natural gas, or CNG, in cities); and exploration and production.34 Outside India it sells fuel in Sri Lanka and Mauritius and holds oil and gas assets in the USA, Russia, Oman, Canada, Venezuela and the UAE.5

It was incorporated in 1959.6 From early refineries at Guwahati, Barauni and Koyali, it moved into petrochemicals, natural gas, exploration and production and overseas operations, and acquired IBP and a stake in Chennai Petroleum Corporation Limited (CPCL).7 In 2010 the Government of India gave it Maharatna status, which is reserved for the country's largest public sector companies.7

The Government of India owns a majority of the company, which is under the administrative control of the Ministry of Petroleum and Natural Gas.89 Its subsidiaries include CPCL, which is listed, and Lanka IOC PLC, a fuel marketer in Sri Lanka in which it holds 75.12%.1011

Indian Oil Corporation key points

Results

  • On a standalone basis (the company without its subsidiaries), revenue from operations was ₹8,86,224 crore in the year to Mar 2026, against ₹8,45,513 crore a year earlier.12
  • In the year to Mar 2026, standalone earnings before interest, depreciation and taxes were ₹73,718 crore; profit after tax was ₹36,802 crore, against ₹12,962 crore a year earlier.13
  • On a standalone basis, the company reported a loss before tax of ₹3,274 crore and a loss after tax of ₹2,661 crore in the quarter to Jun 2026.1415
  • In the year to Mar 2026 its refineries processed 75.45 million tonnes (MMT) of crude at 107.4% of capacity and it sold 105.12 MMT of products, both the company's highest.16

Market position

  • Its domestic sales of petroleum products, excluding gas, were 88.97 MMT in the year to Mar 2026, a market share of 41.8% excluding its own use.17
  • Share of the domestic market1819
    Itemyear to Mar 2026
    LPG46.09%
    Aviation fuel53.7%
    Bitumen54.7%
    Crude and product pipelines, by length52.8%

Business segments

  • Standalone revenue from operations by segment, ₹ crore2021
    Itemyear to Mar 2026year to Mar 2025
    Petroleum8,12,2687,73,632
    Petrochemicals28,05027,982
    Gas44,26242,211
    Other businesses1,6441,688
    Other businesses are oil and gas exploration, explosives and cryogenics, and wind and solar power.
  • Petrochemical sales, including exports, were 3.40 MMT in the year to Mar 2026, the company's highest, and its petrochemical exports reach 79 countries.22
  • The gas business handled 9.01 MMT including its refineries' own use, 1/6th of India's gas demand, the company says; sales excluding that use were a record 7.09 MMT.2223
  • Its share of oil and gas production was 4.49 million tonnes of oil equivalent in the year to Mar 2026, against 4.45 a year earlier.24

Plants and capacity

  • It runs 10 refineries, including that of its subsidiary CPCL, with group refining capacity of 80.75 million tonnes a year (MMTPA).2526
  • Its pipelines ran 20,009 km at the end of March 2026: over 5,300 km for crude oil, over 13,300 km for products and over 1,300 km for natural gas.19
  • In the year to Mar 2026 it commissioned an integrated lube blending plant at Chennai with a capacity of 672 KTPA (kilotonnes a year).27
  • Its renewable power capacity was 258.06 MW at the end of March 2026: 167.60 MW of wind and 90.46 MW of solar.28

Branches and reach

  • Customer network at the end of March 20262930
    Itemyear to Mar 2026
    Retail outlets42,818
    LPG distributorships12,940
    EV charging and battery-swapping stations15,040
    CNG stations2,641
    The company says its retail outlet count is the largest in India; it added 2,635 during the year.
  • It serves more than 15 crore Indane LPG customers.31
  • With its 2 joint ventures it distributes city gas in 49 geographical areas across India, all of them operational.32

Expansion and capital spending

  • Capital spending was ₹32,405 crore in the year to Mar 2026.33
  • The company stated in its annual report for the year to Mar 2026 that its capital spending target for the year to Mar 2027 is ₹32,700 crore.34
  • The company stated in its annual report for the year to Mar 2026 that it aims to raise group refining capacity to around 98 MMTPA by the year to Mar 2028.26

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it aims to raise non-fuel retail revenue (shops and services at its outlets) to around ₹1,000 crore over the medium term, from ₹257 crore.35
  • The company stated in its annual report for the year to Mar 2026 that it aims to cut LPG bottling costs by around 30% by the year to Mar 2028.36
  • The company stated in its annual report for the year to Mar 2026 that it aims for net-zero operational emissions (no net greenhouse gas from its own operations) by 2046, at an estimated investment of ₹2.5 lakh crore.37

Recent events

  • On 21 Sep 2026 the board approved investment in a 424.65 km natural gas pipeline from Kochi to Thoothukudi, at an estimated cost of ₹2,448.70 crore.38
  • India Ratings on 29 Jun 2026 and ICRA on 16 May 2026 gave its long-term bank facilities a credit rating (an agency's opinion of how likely a borrower is to repay) of AAA, with a stable outlook.3940
  • On 18 May 2026 the board approved a 50:50 joint venture with M11 Energy Transition Pvt. Ltd. for a 100 KTPA sustainable aviation fuel plant at Paradip, estimated at ₹1,063.60 crore (±30%), subject to government approvals.41
  • On 26 Jun 2025 it issued a letter of award to L&T Energy Green Tech Ltd. for a 10 KTPA green hydrogen plant at Panipat, to be built, owned and operated under a 25-year supply arrangement; construction has since commenced.42

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 7 Aug 2026, page 11
  2. 2. Annual report, 7 Aug 2026, page 12
  3. 3. Annual report, 7 Aug 2026, page 11
  4. 4. Annual report, 7 Aug 2026, page 12
  5. 5. Annual report, 7 Aug 2026, page 84
  6. 6. Annual report, 7 Aug 2026, page 431
  7. 7. Annual report, 7 Aug 2026, page 16
  8. 8. Annual report, 7 Aug 2026, page 14
  9. 9. Annual report, 7 Aug 2026, page 114
  10. 10. Annual report, 7 Aug 2026, page 26
  11. 11. Annual report, 7 Aug 2026, page 86
  12. 12. Annual report, 7 Aug 2026, page 62
  13. 13. Annual report, 7 Aug 2026, page 174
  14. 14. Investor presentation, 31 Jul 2026, page 3
  15. 15. Investor presentation, 31 Jul 2026, page 3
  16. 16. Annual report, 7 Aug 2026, page 16
  17. 17. Annual report, 7 Aug 2026, page 105
  18. 18. Annual report, 7 Aug 2026, page 105
  19. 19. Annual report, 7 Aug 2026, page 104
  20. 20. Annual report, 7 Aug 2026, page 174
  21. 21. Annual report, 7 Aug 2026, page 174
  22. 22. Annual report, 7 Aug 2026, page 106
  23. 23. Annual report, 7 Aug 2026, page 70
  24. 24. Annual report, 7 Aug 2026, page 106
  25. 25. Annual report, 7 Aug 2026, page 14
  26. 26. Annual report, 7 Aug 2026, page 169
  27. 27. Annual report, 7 Aug 2026, page 20
  28. 28. Annual report, 7 Aug 2026, page 108
  29. 29. Annual report, 7 Aug 2026, page 105
  30. 30. Annual report, 7 Aug 2026, page 44
  31. 31. Annual report, 7 Aug 2026, page 32
  32. 32. Annual report, 7 Aug 2026, page 106
  33. 33. Annual report, 7 Aug 2026, page 109
  34. 34. Annual report, 7 Aug 2026, page 39
  35. 35. Annual report, 7 Aug 2026, page 169
  36. 36. Annual report, 7 Aug 2026, page 170
  37. 37. Annual report, 7 Aug 2026, page 108
  38. 38. Exchange filing, 21 Sep 2026, page 1
  39. 39. Exchange filing, 29 Jun 2026, page 1
  40. 40. Exchange filing, 16 May 2026, page 1
  41. 41. Exchange filing, 18 May 2026, page 1
  42. 42. Annual report, 7 Aug 2026, page 104

Results

Consolidated; ₹ crore.Indian Oil Corporation quarterly results

Revenue growth, 12 months
+11.6%
Net profit growth, 12 months
+99.3%

Quarter to Jun 2026, against the quarter before

Revenue
₹2,81,933 Crup 19.01%
Net profit
−₹1,141 CrQuarter to Mar 2026: ₹15,176 Cr
Net margin
−0.4%

Revenue by quarter

₹1,98,616 CrSep 24₹2,19,522 CrDec 24₹2,21,360 CrMar 25₹2,21,849 CrJun 25₹2,06,447 CrSep 25₹2,36,257 CrDec 25₹2,36,899 CrMar 26₹2,81,933 CrJun 26
Peak revenue ₹2,81,933 Cr, quarter to Jun 2026; lowest ₹1,98,616 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
−₹449 CrSep 24₹2,147 CrDec 24₹8,368 CrMar 25₹6,808 CrJun 25₹8,191 CrSep 25₹13,502 CrDec 25₹15,176 CrMar 26−₹1,141 CrJun 26
A loss in the quarter to Jun 2026, −₹1,141 CrA loss in 2 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,98,6162,19,5222,21,3602,21,8492,06,4472,36,2572,36,8992,81,933
Net profit−4492,1478,3686,8088,19113,50215,176−1,141
Net margin−0.2%1.0%3.8%3.1%4.0%5.7%6.4%−0.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Petroleum Products₹8,42,195 Crup 4.77%91.5%
  • Gas₹44,512 Crup 5.13%4.8%
  • Petrochemicals₹28,102 Crup 0.26%3.1%
  • Other Business Activities₹5,288 Cr0.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Indian Oil Corporation PE ratio and valuation

Price to earnings

At or below today's level on 29% of 2,387 trading days over the last 10 years.

LowestHighest
Its median7.78Industry median16.56
Price to book

At or below today's level on 19% of 1,977 trading days since Nov 2018.

LowestHighest
Its median0.95Industry median1.62
Dividend yield

At or below today's level on 55% of 2,459 trading days over the last 10 years.

LowestHighest
Its median6.03%Industry median3.70%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+12.1%+209.6%−65.8%6.1%
3 years+25.4%+62.6%−26.1%5.2%
5 years+23.2%+14.2%+2.6%6.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Indian Oil Corporation shareholding pattern

Shareholding by group

  • Promoters51.50%
  • Foreign institutions8.61%
  • Indian institutions10.05%
  • Governments19.48%
  • Individuals and others10.37%
Holder
PRESIDENT OF INDIAPromoter51.50%
OIL AND NATURAL GAS CORPORATION LIMITEDGovernment-promoted companies14.20%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies5.98%
OIL INDIA LIMITEDGovernment-promoted companies5.16%
SHARES TRUSTOther non-institutions2.48%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.47 pts, Indian institutions +0.43 pts, mutual funds +0.45 pts.

Mutual fund holdings

194 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 139 of the 148 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 194 funds holding Indian Oil Corporation

Bought for the first time
2
Bought again
2
Added
85
Cut
63
Held unchanged
38
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Indian Oil Corporation insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 3 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Indian Oil Corporation competitors and peers

Refineries & Marketing, 13 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Indian Oil Corporation in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Oil and gas companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Reliance Industries logoReliance IndustriesRELIANCE16,18,76221.661.79+14.7%−8.3%8.6%8.5%0.50%
Bharat Petroleum Corporation logoBharat Petroleum CorporationBPCL1,28,2468.121.26+16.5%−25.6%16.2%12.1%5.92%
Hindustan Petroleum Corporation logoHindustan Petroleum CorporationHINDPETRO75,32552.411.43+13.8%−89.7%2.6%1.0%6.85%
Mangalore Refinery and Petrochemicals logoMangalore Refinery and PetrochemicalsMRPL33,2017.521.95+35.2%+327.4%29.1%28.8%3.70%
Rajasthan Securities logoRajasthan SecuritiesRAJSEC4626.953.95–+298.7%87.1%21.1%0.00%
Kotyark Industries logoKotyark IndustriesKOTYARK380––––––1.35%
Rajputana Biodiesel logoRajputana BiodieselRAJPUTANA13713.042.75+81.3%+77.7%23.2%–0.00%
Resgen logoResgenRESGEN999.691.46––15.0%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Indian Oil Corporation dividend history

Dividend per share, ₹, restated for later splits and bonuses

6.3Mar 177.7Mar 186.2Mar 192.8Mar 208Mar 218.4Mar 223Mar 2312Mar 243Mar 258.3Mar 26
Highest ₹12.00 a share, year to Mar 2024.
Ex-dateTypePer share
14 Aug 2026Final₹1.25
12 Mar 2026Interim₹2.00
18 Dec 2025Interim₹5.00
8 Aug 2025Final₹3.00
12 Jul 2024Final₹7.00
10 Nov 2023Interim₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Indian Oil Corporation announcements

Indian Oil Corporation share price by year

Each calendar year to 2025.Indian Oil Corporation share price history

YearClose at year endChangeHighest closeLowest close
2025166.46+22.0%173.12113.49
2024136.41+5.1%192.40130.30
2023129.85+69.7%133.2576.05
202276.50+2.9%90.0365.75
202174.33+22.6%93.6358.00
202060.63−27.6%84.6747.70
201983.70−8.4%113.1378.17
201891.37−29.5%139.3078.70
2017129.52+19.5%151.57109.15
2016108.35+51.7%109.0860.45
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026129.00130.85127.61130.85129.2744,14,72740.1%
23 Oct 2026130.00130.31126.50129.09127.8371,42,37744.3%
22 Oct 2026129.00130.98127.75130.98129.3766,16,57456.8%
21 Oct 2026130.10131.60128.93129.61129.931,37,53,87757.6%
19 Oct 2026129.90130.83129.36130.25130.0845,67,98951.1%
16 Oct 2026128.36130.38126.81130.38129.071,18,45,11456.5%
15 Oct 2026127.90129.15126.51128.83128.1768,63,55553.3%
14 Oct 2026125.50127.80124.92127.80126.9169,66,50250.1%
13 Oct 2026125.85126.21125.00126.14125.5962,50,45754.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
30 Jun 2022Bonus0.6667Holders received 1 bonus share for every 2 held.
15 Mar 2018Bonus0.5000Holders received 1 bonus share for every 1 held.
18 Oct 2016Bonus0.5000Holders received 1 bonus share for every 1 held.
29 Oct 2009Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Arvinder Singh Sahney
At the end of the quarter to Jun 2026
NSE symbol
IOC
BSE code
530965
ISIN
INE242A01010
Industry
Petroleum Products
CIN
L23201MH1959GOI011388
Corporate identity number, the registrar of companies' code for it
Incorporated
1959
Registered office
Indian Oil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (E), Mumbai 400051, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments