Asia300

Indian Oil Corp. Ltd.

India

  • 1m
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  • 1y
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Mar 24, 2017
Prev close: 372.7
Mar 24, 2017
Market cap:
Market cap(USD):
1,809.79B
27,667.95M
Shares: 4,855.90M

Currency in INR

Company profile

Market(Ticker): BOM(530965)
Sector:
Industry:
Energy Minerals
Oil Refining/Marketing
Full time employees: 32,940

Business summary

Indian Oil Corp. Ltd. engages in refining, pipeline transportation and marketing of petroleum products. It also engages in the exploration and production of crude oil & gas, marketing of natural gas and petrochemicals. The company's operations are strategically structured along business verticals-refineries, pipelines, natural gas, marketing, research and development centre and petrochemicals. Its energy brands include Indane LP Gas, SERVO Lubricants, XtraPremium Petrol, XtraMile Diesel and PROPEL petrochemicals. The company operates its business through the following segments: Sale of Petroleum Products, Sale of Petrochemicals and Other Businesses. The Sale of petroleum products segment comprises of indane gas, auto gas, natural gas, petrol/gasoline, diesel and gas oil, ATF and Jet fuel, SERVO lubricants and greases, marine fuels and lubricants, kerosene bulk and industrial fuels and bitumen. The Sale of petrochemicals segment offers products, including glycol, linear alkyl benzene, purified terephthallic acid and polymers. The Other Businesses segment includes sale of gas, explosives & cryogenics, wind mill & solar power generation and oil & gas exploration activities. Indian Oil was founded on June 30, 1959 and is headquartered in New Delhi, India.

Company background

India's largest commercial enterprise, Indian Oil leads various segments of the country's oil and gas industry. Along with subsidiary Chennai Petroleum, the group controls roughly 50% of the market for petroleum products and 30% of national refining capacity.

The Indian government owns nearly 70% of the Fortune 500 company; indirectly, the government holds another 19% stake through state energy companies Oil and Natural Gas Corp. and Oil India.

Indian Oil was established in 1959 with the aim of making India self-sufficient in oil refining and marketing operations. Originally known as Indian Oil Company, it adopted its present name in 1964 after a merger with Indian Refineries, established in 1958. Under the administrative control of the Ministry of Petroleum & Natural Gas, the company has also made forays into alternative energy, including wind, solar, biofuels and nuclear power. The group has three Indian subsidiaries and six international ones, along with 16 joint ventures.

B. Ashok, who joined the company in 1981, has served as Indian Oil's chairman since July 2014. Long a key figure in guiding the business, he is behind initiatives such as installing pilfer-proof locks on tanker trucks to prevent theft and tampering. Another example is a smartphone app that keeps Indian Oil field officers abreast of business information in real time. The chairman is known to be an avid reader, musician and sports enthusiast.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 3,544.25B
Gross profit 376,714.4M
Operating income 180,203.1M
Income before tax 172,555.8M
Net income 112,192.2M
EBITDA 239,388.2M
Diluted EPS 23.10
Dividends per share 7
Total assets 2,468.62B
Total liabilities 1,694.54B
Total equity 758,762M
Operating cash flow 238,060.7M

Currency in INR

Revenue 54,134.83M
Gross profit 5,753.92M
Operating income 2,752.41M
Income before tax 2,635.61M
Net income 1,713.62M
EBITDA 3,656.40M
Diluted EPS 0.35
Dividends per share 0.10
Total assets 37,277.73M
Total liabilities 25,588.60M
Total equity 11,457.76M
Operating cash flow 3,636.13M

Currency in USD

Valuation measures

Mar 2016

PER 8.51
ROA 4.62%
ROE 15.51%
Operating margin 5.08%
Profit margin 3.16%

Key executive

  • Director & Finance Director: Arun Kumar Sharma
  • Executive Director-Information Systems: Alok Khanna
  • Executive Director-Research & Development: Rajiv Khanna
  • Secretary & Compliance Officer: Raju Ranganathan
  • Director & Pipelines Director: Anish Aggarwal

Share holders

  • Government of India(58.2%)
  • Oil & Natural Gas Corp. Ltd.(13.7%)
  • Life Insurance Corp. of India(8.7%)
  • Oil India Ltd.(5%)
  • Indian Oil Corp. Ltd.(2.4%)
  • Reliance Nippon Life Asset Management Ltd.(1.0%)
  • The Vanguard Group, Inc.(0.6%)
  • Birla Sun Life Asset Management Co. Ltd.(0.4%)
  • Norges Bank Investment Management(0.4%)
  • ICICI Prudential Asset Management Co. Ltd.(0.2%)

Address

  • Website: http://www.iocl.com
  • Address: Josep Broz Tito Marg, Sadiq Nagar, New Delhi, 110049, India
  • Phone: +91.11.26260000

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