ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Energy Minerals

Indian Oil Corp. Ltd.

  • 163.90 INR
  • +3.40
  • +2.12%
  • India
    Apr 25, 2018
  • Ticker
    BOM(530965)
  • Prev. close
    160.50
  • Market cap (INR)
    1,558.74B
  • Market cap (USD)
    23,310.95M
  • Shares
    9,711.80M

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.

Business Summary

Indian Oil Corp. Ltd. is a holding company, which engages in refining, pipeline transportation, and marketing of petroleum products. The firm also explores and produces crude oil and gas; and markets natural gas and petrochemicals. It operates through the following business segments: Petroleum Products, Petro-Chemicals, and Other Businesses. The Petroleum Products segment sells indane gas, auto gas, natural gas, petrol or gasoline, diesel and gas oil, marine fuels and lubricants, kerosene bulk, and industrial fuels and bitumen. The Petro-Chemicals segment offers glycol, linear alkyl benzene, purified terephthallic acid,and polymers. he Other Businesses segment covers the sale of gas, explosives, and cryogenics; wins mill and solar power generation; and oil and gas exploration activities. The company was founded on June 30, 1959 and is headquartered in New Delhi, India.

Financial Highlights

Mar 2017 INRUSD
Revenue3,548.37B52,915.70M
Gross Profit527,377.80M7,864.61M
Operating income278,145.70M4,147.89M
Income before tax279,558M4,168.95M
Net income198,494.90M2,960.08M
EBITDA346,243.80M5,163.42M
Diluted EPS20.940.31
Dividends Per Share9.500.14
Total Assets3,027.50B46,623.65M
Total liabilities1,980.07B30,493.14M
Total equity1,020.42B15,714.54M
Operating cash flow279,442.30M4,167.23M
Currency in INRCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 4,059.94B 4,487.49B 4,318.34B 3,459.03B 3,548.37B
Gross Profit -306,903.90M -78,820.19M 61,102.69M 379,450.60M 527,377.80M
Operating income -459,134M -244,942.90M -105,785M 200,566.50M 278,145.70M
Income before tax 45,042.50M 99,778.50M 70,120.40M 180,717.60M 279,558M
Net income 44,490.10M 70,855.90M 49,120.20M 120,224.50M 198,494.90M
EBITDA -402,219M -181,343M -53,594.90M 257,576.60M 346,243.80M
Diluted EPS 4.58 7.29 5.05 12.38 20.94
Dividends Per Share 1.55 2.17 1.65 3.50 9.50
Total Assets 2,377.00B 2,666.78B 2,384.52B 2,393.69B 3,027.50B
Total liabilities 1,734.02B 1,975.95B 1,685.46B 1,472.97B 1,980.07B
Total equity 630,188.80M 678,896.80M 687,598.80M 899,258.90M 1,020.42B
Operating cash flow 36,864.10M 192,303.30M 425,901.60M 237,515.10M 279,442.30M
 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 74,596.37M 74,254.23M 70,626.44M 52,833.15M 52,915.70M
Gross Profit -5,638.97M -1,304.23M 999.33M 5,795.71M 7,864.61M
Operating income -8,436.01M -4,053.04M -1,730.11M 3,063.44M 4,147.89M
Income before tax 827.59M 1,651.02M 1,146.81M 2,760.27M 4,168.95M
Net income 817.45M 1,172.44M 803.35M 1,836.30M 2,960.08M
EBITDA -7,390.27M -3,000.66M -876.54M 3,934.21M 5,163.42M
Diluted EPS 0.08 0.12 0.08 0.18 0.31
Dividends Per Share 0.02 0.03 0.02 0.05 0.14
Total Assets 43,735.22M 44,652.95M 38,102.86M 36,146.26M 46,623.65M
Total liabilities 31,904.69M 33,085.52M 26,932.48M 22,242.74M 30,493.14M
Total equity 11,595.01M 11,367.52M 10,987.29M 13,579.35M 15,714.54M
Operating cash flow 677.33M 3,182.02M 6,965.61M 3,627.80M 4,167.23M

Valuation Measures

Mar 2017
PER9.23
ROA7.32%
ROE20.67%
Operating margin7.83%
Profit margin5.59%

Key executives

  • Finance Director & Director: Arun Kumar Sharma
  • Director & Director-Research & Development: S. S. V. Ramakumar
  • Executive Director-Finance, R&D: Rajiv Khanna
  • Executive Director-Operations: S. M. Vaidya
  • Director, Director-Planning & Business Development: Govind Kottieth Satish

Shareholders

  • Government of India (56.9%)
  • Oil & Natural Gas Corp. Ltd. (13.7%)
  • Life Insurance Corp. of India (5.4%)
  • Oil India Ltd. (5%)
  • Indian Oil Corp. Ltd. (2.4%)
  • ICICI Prudential Asset Management Co. Ltd. (1.1%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (0.8%)
  • The Vanguard Group, Inc. (0.7%)
  • SBI Funds Management Pvt Ltd. (0.5%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.4%)

Contact Details

  • Website:http://www.iocl.com
  • Address: Plot No. 3079/3, Sadiq Nagar, New Delhi, 110049, India
  • Phone: +91.11.26260000

Related Companies

  • IOCL Singapore Pte Ltd.
  • IOCL (USA), Inc.
  • Guwahati Refinery
  • Indian Oil Corp. Ltd. / Ennore Plant /
  • Indian Oil LNG Pvt Ltd.
  • Ioc Shares Trust
  • IndianOil (Mauritius) Ltd.
  • AVI-OIL India Pvt Ltd.
  • Indian Oil Blending Ltd.
  • IndianOil Petronas Pvt Ltd.
  • Lanka IOC Ltd.
  • Ceylon Petroleum Corp. /100 Petrol Stations/
  • IBP Co.
  • Chennai Petroleum Corporation Limited

Competitors

  • Bharat Petroleum Corporation Limited
  • Hindustan Petroleum Corporation Limited
  • Oil & Natural Gas Corp. Ltd.
  • Reliance Industries Limited
  • Fuchs Petrolub SE Pref
  • Aemetis, Inc.
  • Valvoline Inc.
  • Balmer Lawrie & Co. Ltd.
  • GrafTech International Ltd.
Last Updated on 25 Apr, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media