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Energy Minerals

Indian Oil Corp. Ltd.

  • 126.30 INR
  • -3.75
  • -2.88%
  • India
    Sep 13, 2019
  • Ticker
    BOM(530965)
  • Prev. close
    130.05
  • Market cap (INR)
    1,263.02B
  • Market cap (USD)
    17,807.20M
  • Shares
    9,711.81M

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. It 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 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 2019 INRUSD
Revenue5,259.36B75,195.33M
Gross Profit487,352.90M6,967.88M
Operating income271,789.40M3,885.88M
Income before tax259,269M3,706.87M
Net income173,767M2,484.41M
EBITDA356,853.90M5,102.08M
Diluted EPS18.400.26
Dividends Per Share9.250.13
Total Assets3,419.28B49,358.13M
Total liabilities2,260.11B32,625.28M
Total equity1,124.69B16,235.18M
Operating cash flow123,156.10M1,760.81M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 4,318.34B 3,459.03B 3,496.66B 4,177.97B 5,259.36B
Gross Profit 61,102.69M 379,450.60M 474,576.70M 504,655.70M 487,352.90M
Operating income -105,785M 200,566.50M 225,736.40M 310,166.20M 271,789.40M
Income before tax 70,120.40M 180,717.60M 279,558M 344,502.20M 259,269M
Net income 49,120.20M 120,224.50M 198,494.90M 221,894.50M 173,767M
EBITDA -53,594.90M 257,576.60M 293,834.50M 386,801.60M 356,853.90M
Diluted EPS 5.05 12.38 20.94 23.40 18.40
Dividends Per Share 1.65 3.50 9.50 11.50 9.25
Total Assets 2,384.52B 2,393.69B 3,027.50B 3,045.55B 3,419.28B
Total liabilities 1,685.46B 1,472.97B 1,980.07B 1,871.76B 2,260.11B
Total equity 687,598.80M 899,258.90M 1,020.42B 1,138.73B 1,124.69B
Operating cash flow 425,901.60M 237,515.10M 279,925.40M 287,948.80M 123,156.10M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 70,626.44M 52,833.15M 52,144.64M 64,808.88M 75,195.33M
Gross Profit 999.33M 5,795.71M 7,077.20M 7,828.23M 6,967.88M
Operating income -1,730.11M 3,063.44M 3,366.33M 4,811.31M 3,885.88M
Income before tax 1,146.81M 2,760.27M 4,168.95M 5,343.93M 3,706.87M
Net income 803.35M 1,836.30M 2,960.08M 3,442.03M 2,484.41M
EBITDA -876.54M 3,934.21M 4,381.85M 6,000.08M 5,102.08M
Diluted EPS 0.08 0.18 0.31 0.36 0.26
Dividends Per Share 0.02 0.05 0.14 0.17 0.13
Total Assets 38,102.86M 36,146.26M 46,623.65M 46,695.46M 49,358.13M
Total liabilities 26,932.48M 22,242.74M 30,493.14M 28,698.43M 32,625.28M
Total equity 10,987.29M 13,579.35M 15,714.54M 17,459.50M 16,235.18M
Operating cash flow 6,965.61M 3,627.80M 4,174.43M 4,466.67M 1,760.81M

Valuation Measures

Mar 2019
PER8.83
ROA5.37%
ROE15.35%
Operating margin5.16%
Profit margin3.30%

Key executives

  • Chief Financial Officer & Finance Director: Sandeep Kumar Gupta
  • Director & Director-Research & Development: S. S. V. Ramakumar
  • Director & Director-Human Resources: Ranjan Kumar Mohapatra
  • Executive Director-Operations Refineries: S. M. Vaidya
  • Director, Director-Planning & Business Development: Govind Kottieth Satish

Shareholders

  • Government of India (50.5%)
  • Oil & Natural Gas Corp. Ltd. (13.7%)
  • Life Insurance Corp. of India (6.3%)
  • Oil India Ltd. (5%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (2.4%)
  • Indian Oil Corp. Ltd. (2.4%)
  • ICICI Prudential Asset Management Co. Ltd. (2.3%)
  • The Vanguard Group, Inc. (0.7%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.6%)
  • BlackRock Fund Advisors (0.5%)

Contact Details

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

Related Companies

  • Indian Oil Corp. Ltd. Refinery Division Employees Provident Fd
  • IOC Middle East FZE
  • 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 Plc
  • Ceylon Petroleum Corp. /100 Petrol Stations/
  • IBP Co.
  • Chennai Petroleum Corporation Limited

Competitors

  • Bharat Petroleum Corporation Limited
  • Oil & Natural Gas Corp. Ltd.
  • Hindustan Petroleum Corporation Limited
  • Reliance Industries Limited
  • Sumitomo Chemical Co., Ltd.
  • Fuchs Petrolub SE Pref
  • Aemetis, Inc.
  • Valvoline Inc.
  • Balmer Lawrie & Co. Ltd.
  • GrafTech International Ltd.
  • Turkiye Petrol Rafinerileri A.S.
Last Updated on 13 Sep, 2019

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