Asia300

Indian Oil Corp. Ltd.

India

  • 1m
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  • 1y
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Oct 19, 2017
Prev close: 410.25
Oct 19, 2017
Market cap:
Market cap(USD):
1,992.13B
30,594.68M
Shares: 4,855.90M

Currency in INR

Company profile

Market(Ticker): BOM(530965)
Sector:
Industry:
Energy Minerals
Oil Refining/Marketing
Full time employees: 33,135

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. It 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 2017

  • Local currency
  • US Dollar
Revenue 3,548.37B
Gross profit 527,377.8M
Operating income 278,145.7M
Income before tax 279,558M
Net income 198,494.9M
EBITDA 346,243.8M
Diluted EPS 41.88
Dividends per share 19
Total assets 3,027.50B
Total liabilities 1,980.07B
Total equity 1,020.42B
Operating cash flow 279,442.3M

Currency in INR

Revenue 52,915.70M
Gross profit 7,864.61M
Operating income 4,147.89M
Income before tax 4,168.95M
Net income 2,960.08M
EBITDA 5,163.42M
Diluted EPS 0.62
Dividends per share 0.28
Total assets 46,623.65M
Total liabilities 30,493.14M
Total equity 15,714.54M
Operating cash flow 4,167.23M

Currency in USD

Valuation measures

Mar 2017

PER 9.23
ROA 7.32%
ROE 20.67%
Operating margin 7.83%
Profit margin 5.59%

Key executive

  • Executive Director-Operations: S. Balasubramanian
  • Director & Finance Director: Arun Kumar Sharma
  • Director & Director-Research & Development: SSV Ramakumar
  • Executive Director-Information Systems: Rajiv Chawla
  • Executive Director-Information Systems: Alok Khanna

Share holders

  • Government of India(57.3%)
  • Oil & Natural Gas Corp. Ltd.(13.7%)
  • Life Insurance Corp. of India(6.4%)
  • Oil India Ltd.(5%)
  • Indian Oil Corp. Ltd.(2.4%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt)(0.8%)
  • ICICI Prudential Asset Management Co. Ltd.(0.7%)
  • The Vanguard Group, Inc.(0.7%)
  • Norges Bank Investment Management(0.4%)
  • SBI Funds Management Pvt Ltd.(0.3%)

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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