IOC (Indian Oil Corporation Ltd) is one of those fundamentally strong companies owned by the ministries and the Indian government. In the last less than 1 year the IOC stock has given approx 50% return. After making a new all-time high the stock is falling. Let’s see the IOC share price target based on the analyst and broking houses’ suggestions.
IOC company is financially very stable which means for long-term term investments the stock can be good. If the business model and the other conditions meet according to your research and have the potential to give good returns.
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. But before this period the company was not performing well. You can see this in the chart from October 2017. By the way, as of now, the company is very strong.
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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 have also many upcoming projects like Panipat Refinery, Petrochemical, and Lube Integration, Barauni Refinery, and many more projects with different capacities. You can check all of the projects and their capacity on their official website.
IOC Price Summary
- 52-Week Low: Rs. 65.20
- 52-Week-High: Rs. 101.45
- All-time High: Rs. 154.30
- Market Cap (31 Aug 2023): Rs. 1,25,820.23
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 29 August 2023. Check the latest data on any broker website or screener.
Revenue Growth (Last 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 530,829.77 |
| March 2020 | 489,215.08 |
| March 2021 | 382,608.33 |
| March 2022 | 602,488.01 |
| March 2023 | 845,707.42 |
Quarterly Results (Last 5 Quarters)
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 224,252.63 |
| Sep 2022 | 207,485.30 |
| Dec 2022 | 204,740.20 |
| Mar 2023 | 202,994.07 |
| Jun 2023 | 197,526.57 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 1,25,820.23 Cr |
| ENTERPRISE VALUE | Rs. 2,57,542.67 Cr. |
| NO. OF SHARES | 1,412.12 Cr. |
| P/E | 5.25 |
| P/B | 0.85 |
| FACE VALUE | Rs. 10 |
| DIV. YIELD | 3.31 % |
| BOOK VALUE (TTM) | Rs. 105.41 |
| CASH | Rs. 773.01 Cr. |
| DEBT | Rs. 1,32,495.45 Cr. |
| EPS (TTM) | Rs. 16.98 |
| SALES GROWTH | 40.34 % |
| ROE | 6.20 % |
| ROCE | 6.54 % |
| PROFIT GROWTH | -65.92 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 7.56 % |
| DII | 31.15 % |
| Public | 9.76 % |
| Promoters | 51.51 % |
| Other Holders | 0.0 % |
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 the 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
IOC (Indian Oil Corporation Ltd.) started moving up after a significant downfall. The stock is moving upside down slowly. Apporc in the last 3 years the IOC stock has given up to the 100% return as of now 31 August 2023. Still, the stock is trading at Rs. 89 which is approx 40% down from its all-time high.
As we already mentioned above the financials of the Indian Oil Corporation are very strong. As of 31 August 2023, 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 own analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
IOC share price target 2023
In the IOC stock most probably we can see a downside move in the short term. The stock is unable to break a major resistance and now it is falling from the resistance. It is very important for the stock to break the resistance to go up.
In the last few months, the Indian Oil corporation stock has already given up to 30% return. There is also a major support the stock can wait or bounce back from the level. You can see all the levels in the below image.
IOC share price target 2024
In 2024, maybe we can see a good upside move. These things will depend on many factors like profit growth, and news related to the IOC stock or the sector. As we mentioned above there are many projects that are under development which can also be a reason for a move in the stock.
Many analysts recommend buying the Indian Oil Corporation (IOC) stock and some do not. In a few words, 50% recommend buying it and 50% do not. So, do your own research in case you are interested in the stock and think the stock can give good returns in the next few years.
IOC share price target 2025
In the future, if the stock breaks the resistance of Rs. 102.55 and the resistance at Rs. 114.80 then there are very high chance that the stock will give good returns. It can also go near its all-time high.
To give this type of massive profit the stock can take a few years. So, planning for short-term investments can not be a good idea.
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 do research about the stock and industry.