IOC (Indian Oil Corporation Ltd) is one of those fundamentally strong companies owned by the ministries and the Indian government. In the long term, there are very high chance that the IOC company may give good returns. In the previous quarters the company is given good profits and sales and long-term analysis suggests the big target in the IOC share price target in 2024, 2025, and 2026.
IOC company is financially very stable which means the previous financial records of the company are good and for long-term term investments the stock can be good. As some past years show in the future oil consumption will increase so, the profit will also increase.
IOC has been a well-known company among investors in the last 3 years the Indian Oil Corporation Limited company has shown good revenue growth and profit growth in the previous quarters. In the last 3 quarters of 2023, the compnay has shown massive growth in net profit.
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About IOC
IOC (Indian Oil Corporation Ltd) is an Indian company. The company was founded in 1959. The headquarters of the company is in New Delhi. IOC works under the government and the ministries.
IOC (Indian Oil Corporation) is involved in multiple businesses to provide services and building projects like Refining, Pipelines, Research and development, Marketing, Petrochemicals, Natural gas, City Gas Distribution, E&P, Cryogenics, and many more…
The company has a capacity of 70.05 million metric refining capacity per annum and captures approximately 32% market share In India. They have a lot of refineries in different locations like Digboi, Guwahati, Barauni, Gujarat, Haldia, Bonhaigaon, Mathura, Panipat, and many more…
The company has also many upcoming projects like Panipat Refinery, Petrochemical, and Lube Integration, Barauni Refinery, and many more projects with different capacities. You can check all the projects and their capacity on their official website.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the IOC (Indian Oil Corporation Ltd.) company were last updated on 17 Feb 2024. Check the latest data on any broker website or screener.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹17,274 |
| March 2020 | -₹1,876 |
| March 2021 | ₹21,762 |
| March 2022 | ₹25,727 |
| March 2023 | ₹11,704 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹890 |
| Mar 2023 | ₹10,841 |
| Jun 2023 | ₹14,735 |
| Sep 2023 | ₹13,713 |
| Dec 2023 | ₹9,225 |
Company Fundamentals
| Market Cap | ₹2,63,785Cr | ROE | 23.15% |
| P/E Ratio (TTM) | 5.63 | EPS (TTM) | 33.19 |
| P/B Ratio | 1.58 | Div Yield | 1.57% |
| Industry P/E | 14.80 | Book Value | 118.38 |
| Debt to Equity | 0.69 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 7.56% | 7.84% | 8.84% |
| DIIs | 11.55% | 10.70% | 9.90% |
| Public | 9.77% | 10.36% | 10.13% |
| Promoters | 51.50% | 51.50% | 51.50% |
| Government | 16.90% | 19.60% | 19.60% |
Key Points
- Indian Oil Corporation Ltd. has given good profit growth and revenue growth of 84.46% and 19.71% over the last 3 years.
- The Indian Oil Corporation Ltd., there are Debt of Rs. 1,32,495 Crore and the Debt to Equity is near Rs. 0.69.
- The Dividend Yield of the Indian Oil Corporation Ltd. is 3.08% and this is very high and good for an extra source of income.
- The PE Ratio of the company is very low which is at 5.6 and on the other side the Industry PE is near 12.08.
Quarterly Result
From Mar 2023 to Sep 2023, Quartet the compnay made a massive profit in business but in Dec 2023 the net profit of the compnay decreased very rapidly. In the last quarters, the highest Net profit was in Jun 2023 and its net profit was in Rs. 14,735.
In the December quarter, the net profit was around Rs. 9,225 Crore, which is significantly lower than expected. This caused the stock to react negatively.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
IOC Share Price Target
No doubt the India Oil Corporation is a good stock because it is one of the largest companies in the industry. As of now, the Indian oil corporation ranks at the number 2 position, and in the number one position, Reliance Industries is leading. So, the chance of making good returns for the IOC share price target in 2024, 2025, and 2026 is very high.
As we already mentioned above the financials of the Indian Oil Corporation are very strong. As of 17 Feb 2024, there are no major issues in the fundamentals of the IOC company. Here are a few major positive points about the fundamentals i.e. The revenue growth at 19.71% and profit growth at 84.46% of the IOC company in the last 3 years, enough cash, good promoter shareholding, and many more.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
IOC share price target 2024
In the last 12 months, the IOC stock has given a massive return but most of the rallies in the stock happened in the November and December months of 2023. The stock is still very bullish and moving up rapidly.
It seems like in the upcoming month of 2024 most probably the stock can again go near its all-time high. in case if the stock is very bullish near its all-time high then there are very high chance that the stock will cross its all-time high and make a new all-time high.
The stock can also take a pullback from its all-time high. So, if you are planning any short-term trade or investment in bulk then you should plan it very carefully.
IOC share price target 2025
According to most of the experts, 2023 will be very good for the Indian stock market and the Indian economy too. So, there are very high chance that most of the good stocks will perform and give a massive return to the investors.
Not only 2024 but 2025 can be also good for the whole of India. According to the news, the Indian government is planning to make India a $5 trillion economy. If the plans go as planned then no doubt the stock will give a massive return.
The profit growth of the IOC compnay is also increasing with time and if the profit keeps rising no doubt the stock will cross its all-time high very soon in 2024 or 2025.
IOC share price target 2026
Most probably in 2024 or 2025, the stock will reach its all-time high. As there are no major cons in the fundamentals of the IOC compnay. Then you can plan for investing in the compnay according to your analysis of the stock.
As the stock is near its all-time high so, investing in IOCL can be risky but there is also a chance that the stock can create a new all-time high again. So, investing in the stock in SIP using technical analysis can be very profitable and less risky.
FAQs
Yes, it is a good stock according to its fundamentals and the businesses. As the stock has also given good revenue growth and profit growth in the last 3 years. These are the basic information before investing Also do deep research on the industries in which the company works.
Most probably we can see a good return from the stock but not expecting a very high return. The stock price move depends on many factors. So, plan your investment after completing the research.
Yes, buying IOC for the long term can be a good idea as the IOC company is financially very stable and has a good market share in the industry too.
Final Words: The Indian Oil Corporation Limited is a good company and has a good business model too. The company is financially strong and has shown good returns in the last few years. The company has a lot of projects under development and once the projects are completed then we can see a change in the company’s growth. It can be a good stock for the long term but research the stock and industry.